Money

It's Not Just About the Grades: How an Unruly Student Became an Outstanding Entrepreneur

Oliver James Matias was honored for his construction business at the Asia Pacific Entrepreneurship Awards.
IMAGE Hub Pacheco
Comments

Oliver James Matias was never exemplary academically. In fact, he had to finish his five-year engineering degree in six years. “I was the pasaway type,” he admitted in an interview with Entrepreneur Philippines. “I had a lot of outside influences that distracted me in college.”

But more than a decade after graduating from university, Matias, now 31, is among the Outstanding Entrepreneur honorees at the Asia Pacific Entrepreneurship Awards (APEA) 2018. The engineer was awarded the distinction alongside some of the most respected names in business, besting many other contenders. So how did he do it?

After finishing his Civil Engineering degree at the University of Sto. Tomas, Matias was intent on pursuing a career in the corporate realm and working his way up to become an executive in one of the largest construction companies in the country. But early on, he realized that achieving that dream wouldn’t be easy.

IMAGE: Hub Pacheco
ADVERTISEMENT - CONTINUE READING BELOW

“There was really discrimination against people like me, people who didn’t do so well in college. Sometimes you’ll get to the final interview and they’ll see your grades then tell you, ‘I’m sorry. We have to meet a certain quota.’,” Matias recalled. “I can’t blame them, they didn’t know me. So I realized, I have to prove myself.”

Little did he know that the experience would urge him to take bolder steps in the future. Six months into a new job, he was given an opportunity that would mold him to become what he is now.

Matias’ then-girlfriend, now wife, was opening her own restaurant in Quezon City, just a few blocks away from his office. Acting as a concerned partner then, Matias would visit the construction site at every chance he got.

“I monitored the project, talked to the workers, got their contact numbers, every day, I went there. I checked how the construction process was done then I realized after, hey, I could do this on my own too,” he said.

ADVERTISEMENT - CONTINUE READING BELOW

When the restaurant formally opened, friends and family caught on the news about the project and started contacting him to do contracting work for their projects, too. Three months after the restaurant was opened, he was a freelance engineer.

“For two years, I would do projects for friends, or clients of another friend. I think it became my edge since I was doing a job for someone I knew; I learned to really become meticulous and do well with the projects I handled. Until now that’s how I approach my projects,” he said.

In 2013, Matias formalized his business and called it Grundstein Construction and Development Corp.

For Matias, freelancing has made him a better entrepreneur. During the early days of the company, he had to do all tasks by himself: organizing teams, dealing with suppliers and meeting with clients. He would accept projects big and small, from renovating condo units to building small establishments. By the time he had formalized the business, he was more than ready to take on bigger jobs.

ADVERTISEMENT - CONTINUE READING BELOW

“Right now, we’re handling horizontal projects, private roads. We’re also doing agro-industrial projects. Just recently we developed an 11-hectare farm in Nueva Ecija,” he shared.

From handling two to three projects on his own during his early years in the industry, Matias now handles at least 30 projects on an annual basis with his firm. His next goal? For his company to join the big leagues and start joining public project bids.

“As an entrepreneur, the trials don’t end. Until now, we have failures. We’ll lose in biddings, there will be projects that won’t be awarded to us. But I’ve learned to turn that failure into something that will fuel me,” he said. “It’s a learning experience.”

Comments
About The Author
Elyssa Christine Lopez
Elyssa Christine Lopez is a staff writer of Esquire. Follow her on Twitter @elyssalopz
View Other Articles From Elyssa
Comments
Latest Feed
 
Share
The pair stepped out in a masterful, almost-matching pair of outfits.
 
Share
How one of the most powerful class of Filipinos came to an end
 
Share
The country’s premiere state university has been witness to many stories of love and friendship not only in real life, but also on-screen.
 
Share
The Ozone tragedy happened in 1996, ironically during Fire Prevention Month.
 
Share
The Social Security System will implement the new schedule in April 2019.
 
Share
The Lane for Express Application was launched early this month.
 
Share
When the world’s most valuable company sets its sights on a product category, you can bet it will never be the same, just as Apple did to the smart watch with the introduction of the Apple Watch.
 
Share
 
Share
Joefel Manlod now owns one of the fastest-growing coffee solutions providers in Mindanao.
 
Share
The site has seen a 30 percent traffic drop since its "adult content ban" in December.
 
Share
The laid back comedy king is looking better than ever
Load More Articles
Connect With Us