golden rules from phil top entreps

8/12/2019 Golden Rules From Phil Top Entreps

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GoldenRulesfromPhilippinesTopEntrepreneursCompiled by:

Nonita C. Patalinghug


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Philippine top entrepreneurs have golden rules to

share. These are time-tested guides for other

entrepreneurs and would-be entrepreneurs wanting

to become successful also in their business venture.

These real entrepreneurs know that success doesnt

happen to them. They make success happen. And

they take control for their future.


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There is no such thing as overnight success

or easy money. If you fail, do not be discouraged; try again.

When you do well, do not change your ways. Success is not

just good luck: it is a combination of hard work, good credit

standing, opportunity, readiness and timing. Success will notlast if you do not take care of it.

Henry Sy

Philippines retail king,Founder and chairman of SM department stores,

SM Group of Companies

Banco de Oro Universal Bank


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Success is not necessarily about connections,

or cutting corners, or chambathe three Cs of

bad business. Call it trite, but believe me: success

can be achieved through hard work, frugality,

integrity, responsiveness to change, and most of

all, boldness to dream. These have never beeneasy slogans for me. I have lived by them.

John Gokongwei Jr.

Philippines smartest entrepreneur,Chairman Emeritus of JG Summit Holdings, Inc.


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Entrepreneurs should never give up due to failure.

Not just entrepreneurs, but people of whatever

professionall of usshould learn from our setbacks.

We should never surrender to despair.

Lucio Tan

Philippine Airlines,

Philippine National Bank, Fortune

Tobacco Corp,

Asia Brewery Inc.


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Doing business is all about providing a good

product or service to your customers. A good

businessman is he who knows that what is

successful today may not be so tomorrow.

Technology changes so fast, and so do peoples

needs and wants. Thats why it would do wellfor a businessman to know how to adapt to

change. He must constantly reinvent the

business, or it wont last.

Andrew TanMegaworld Corporation


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An entrepreneur must follow his gut feel only after he has

carefully weighed the pros and cons of any situation. If you

do what you believe in, you can never go wrong. And knowwhat you can and cannot do, because it is in knowing your

limits that you can determine the kind of risks you can take.

Doing business is never easy. When starting, try to be hands-

on in everything. The real test of an entrepreneur is how farhe can go when the tides of business turn for the worse. It is

in times like these when he should be unafraid. Be

aggressive. Know your markets needs and serve them.

Ben Chan, The Bench Brands


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Twenty-seven years ago we didnt have a firm vision that we

would be number one, but we had a rough vision that wewould go outside the Philippines. We also had a goal: to take

care of our customers and employees and to enjoy what

were doing. Once we did all these things, the profits would

come.

Tony Tan CaktiongJollibee Foods Corp.


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For thebusiness to prosper, the owner must know how todelegate responsibilities. If he wants to expand, he has to

delegate; after all, he only has two hands and two feet. He

has to put the right people at the right place. When looking

for the right people, he should trust his gut feel.

George YangGolden Arches Development Corp, owner of the

master franchise of McDonalds in the

Philippines


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You have to adjust to the flow ofbusiness. If youre

not open to change, your business cant move on.

Socorro RamosNational Book Store


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Abusiness (should be) dynamic. It must be flexible

and attuned to the changing times. It must not stand

still or be passive. It should continually search for

progress and improvement. It must regenerate and

reinvent itself.

Rolando HortalezaSplash Corporation


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Constantly reinvent your products to suit the changingtastes of your market. Julies as over 200 productofferingsa big leap since the days when we were the

first to sell cheese bread in Cebu. And if youre the

market leader, you have to spend more for product

improvement.

Roberto GandioncoJulies Bakeshop


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Success is simply the convergence of opportunity

and ability. We like to think that what happened toGo Nuts Donuts was precisely the result of a marketthat was ready for renewed excitement and ourability to deliver a quality brand and product via newretail innovations. In our businesses, we constantly

look for high-potential area while ensuring that wehave the competency to capitalize on theseopportunities.

Michael Trillana, Go Nut Donuts


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Dont be afraid to make bold decisions. Thegreatest risk you are about to take may just be

the source of your biggest profit. Before The

Death of Superman (the comic book hero), my

supply for that title was only 200 copies. Alam

kong bebenta ang issue na yon, so I took achance and asked my supplier for 15,000 copies.

Lahat yonnabenta.

Filemon Barbasa, Filbars


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Stay focused. If your business booms, dont

look for another, entirely different business to

start. Youll be sorry. Parang nanghuhuli ka ng

rabbit: kapag dalawa yung hinuhuli mo,

parehong makakawala yan. If you want to

expand, choose a connected field. If you have arestaurant, start supplying stocks or create a

placement agency for waiters.

Les Reyes, Reyes Haircutters


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We should have contentment and gratitude in

our hearts, and not bitterness or envy.

Contentment and gratitude can reducesuffering in life. We should also be humble and

positive towards pain. Sometimes, our vision

becomes clearer after our eyes have been

washed with tears. Sometimes we have to be

hurt to be stronger in business, in love, an in

life.

Victor Tan, Bobson


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Be careful with your overhead.

The success of a company depends

on keeping your costs down.

George LorenzanaOffice Warehouse Inc.


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Be prepared to step out of your comfortzone. A lot of people who want to do

business today think they can be their ownbossthat they would be in control of their

time and activities. I can tell you right now

that when you have your own business, 24

hours is not enough. You will find yourselfworking very hard just to keep your

business going.

Emelda Teng

MalditaThe P99 Store


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A small idea can be the seed of a

big business venture.

Nelson YuvillaPhiltec Label Corporation

designing and manufacturing printing and labels


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"I was born poor, but poor was not born in me. And it

shouldnt be born in you either. You can make it.

Whatever you may wish to do with your future, you can

make it. It gets dark sometimes, but morning comes

always. Challenges breed character. Character breeds

faith. In the end, faith will not disappoint you. You must

not be disappointed.

Manny V.Pangilinan

ABC/TV5networkCignal Digital TV

Smart Communications.
http://en.wikipedia.org/wiki/Associated_Broadcasting_Companyhttp://en.wikipedia.org/wiki/Cignal_Digital_TVhttp://en.wikipedia.org/wiki/Smart_Communicationshttp://en.wikipedia.org/wiki/Smart_Communicationshttp://en.wikipedia.org/wiki/Cignal_Digital_TVhttp://en.wikipedia.org/wiki/Associated_Broadcasting_Company


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