The Philippines is home to some of the most successful entrepreneurs in the world. From Henry Sy to Tony Tan Caktiong, Socorro Ramos, John Gokongwei Jr., Edgar Sia, Mariano Que, Crésida Tueres, Cecilio Kwok Pedro and more, these inspiring business tycoons have achieved remarkable success in their respective fields. If you're curious about how these successful entrepreneurs in the Philippines managed to secure their place in the business world, read on to learn more about their stories and get inspired to take the small steps to your victory. Henry Sy is one of the most iconic and successful Filipino entrepreneurs. He came from a low-income family in Jinjang, Xiamen in China.
Because of the difficulties in their country, they abandoned it in 1936 and moved to the Philippines, where they opened a small convenience store in Manila. In 1975, he bought a Magnolia ice cream shop, but decided to add other products such as fried chicken, fries and hamburgers due to low sales. After the news broke in his neighborhood, several customers came to his store and sponsored his products. In addition, offering the franchise option has also opened the doors to penetrate even the international market.
This makes Jollibee a giant of fast food businesses with more than 2,500 stores in the county, plus locations in the U. S., USA, China, Saudi Arabia, Vietnam, Singapore and Brunei. Before founding the National Book Store, Ramos worked as a saleswoman in a bookstore. She and her husband opened the National Book Store with only $200 in capital. This company was a success, but it didn't stop there.
He started adding other products such as Blend 45 and soon changed his business name to Universal Robina Corporation. Potato Corner is one of the best-known food cart businesses in the country. It was established in the early 1990s by Joe Magsaysay, who left school to work in a fast food chain. In 1992, Potato Corner's food cart business grew and they began offering franchises to interested franchisees. In 1971, Cresida Tueres founded Greenwich. Back then, it was just a small over-the-counter pizza place in Greenhills, but its culinary skills paved the way for a giant company.
After the company closed its doors in 1986 due to some environmental problems, Cecilio decided that it was the right time to found his company. He called it Lamoiyan and focused on making toothpaste with a price 50% lower than the competition. Some of these well-known brands are Hapee and Kutitap. Years later, his company prospered and was able to expand throughout Asia.
Now, after more than 30 years, Hen Lin is still the public favorite in many shopping malls, offering various products such as hopia, noodles, congee, steamed rice, breakfast food and other Chinese cuisines. Now, these 11 people on our first list are the legendary business tycoons. Their stories are revealing and inspiring to keep us moving forward. However, it's not all just about inspiration; it also takes willpower to do it. Today, Happy Skin has 13 stores and almost 100 beauty counters in the Philippines. It has won 30 beauty awards including the most promising new cosmetics brand from Watsons Philippines. If you've been traveling to work before the COVID-19 pandemic you probably know what Angkas is.
The innovative shuttle service is the idea of Angeline Tham who made sure to address traffic congestion in Manila and eventually in the rest of the Philippines. She is the founder and CEO of the motorcycle taxi service app Angkas. This app has been downloaded more than 1.5 million times with a 99.99% security history. Today Angkas has been strictly implementing safety protocols established by COVID-19 Inter-Agency Working Group (IATF).Tan started his business dream at age 19. Now 27 she is now CEO and co-founder of private equity firm MFT.
She is better known by her nickname “queen of flip-flops” since Terry SA is best known for distributing Havaianas. His company now has more than 300 people in three countries and distributes several brands such as Aura Athletica and other well-known international brands. In addition it also owns CommonThread which sells Filipino and international brands with its own Thread 365 as its core product. The main objectives are to increase traffic and get conversions served more than 30 clients with a growth management team specializing in paid acquisitions conversion rate optimization content marketing and conversion-based design. Socorro Ramos entered publishing and retail industry working as a saleswoman in a bookstore. At age 19 she opened National Library in Escolta with her husband with capital of 200 pounds selling books and school supplies to students. At that time Manila was under control of Japanese who imposed censorship of books and periodicals. To increase their income she and her husband turned to selling other items such as candles and soaps after post-war boom proved profitable for company resulting higher revenues Ramoses opened nine-story building along Avenue. At 95 she still believes time-honored tradition “practical approach business” even designed company logo herself. Tony Tan Caktiong used operate ice cream shop before turning into fast-food restaurant called Jollibee with initial capital 350 000 pesos young Caktiong opened two branches Cubao Quiapo along friends who supported his idea. When Tony Caktiong heard about Sia's booming business he decided buy Mang Inasal for total 5 billion pesos Sia eventually directed Mang Inasal's sales other investments such banking healthcare at 42 he considered youngest billionaire country. In 1971 Cresida Tueres founded Greenwich as small over-counter pizzeria Greenhills Tueres had gift cooking friends loved food he served much that they decided buy their own Greenwich franchise impressed Tueres' business acumen Greenwich's growth Jollibee Foods Corporation secured agreement 1994 acquire 80% Greenwich's shareholding since then pizzeria has diversified include other dishes menu.
Conclusion
These 11 inspiring entrepreneurs have achieved remarkable success through hard work dedication determination creativity innovation risk taking ability adapt changing times strong will power focus on customer satisfaction commitment quality products services.Takeaways
- Successful entrepreneurs have strong will power
- Risk taking ability is essential for success
- Adapting to changing times is key
- Focus on customer satisfaction
