Being a parent means sacrificing even the best opportunities for your family’s future. They work hard to secure their children’s education and provide for their needs, but sometimes at the expense of losing quality time for themselves and for their families.
Back in the early 90s, Nilo Matunog was working for one of the biggest chemical companies in the world as a chemical engineer. But despite this promising career, he decided to leave the corporate world for what matters more—his growing family.
When he started looking for new opportunities, Nilo’s goal was to find a rewarding job that would help him secure his family’s future without sacrificing quality time with his kids. This was when the idea of starting a business appealed to him. He found various opportunities to start his own business and so he took a leap of faith and pursued his dreams of becoming an entrepreneur.
The difficult journey to entrepreneurship
Starting a business from scratch wasn’t a walk in the park for Nilo. His two businesses failed because of two reasons: first, the 1997 Asian Financial Crisis happened and second, when he fell victim to an investment scam. He tried his luck again a few years later but it also didn’t go as planned due to the Global Financial Crisis of 2008. “I am an engineer and an entrepreneur wannabe. I knew so little of financial systems and how to work it out,” he confided.
A year later, his wife invited him to listen to an opportunity from AIA Philippines. “I was financially down, but I am always open to new opportunities. I discovered a whole new world in this business.” Despite not having any background with insurance sales, Nilo grabbed the opportunity to become a financial advisor—a decision that changed his life for the better.