| John L. Gokongwei, Jr. - The Path of Entrepreneurship |
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One way of inspiring and encouraging more Pinoy Entrepreneurs to swim in the sea of entrepreneurship is to write about those who've made it. This the observation of Marites A. Khanser, the author of the book "John L. Gokongwei, Jr.: The Path of Entrepreneurship" (Loyola Schools, Ateneo de Manila University, 2007). She noted, however, that "very few business success books of the taipans in the Philippines have been written seemingly because of their reluctance to tell their stories or go to the public with the secrets of their business success."
Fortunately, this has been slowly addressed in the past year or two, with the publication of books on Pinoy Entrepreneurs, for Pinoy Entrepreneurs. There's "Negosyo: Joey Concepcion's 50 Inspiring Entrepreneurial Stories," which contains the stories and lessons of 50 successful and inspiring Pinoy Entrepreneurs. More recently, the Association of Filipino Franchisers, Inc. (AFFI) launched the "Introduction to Entrepreneurship: Success Stories of Filipino Stories," which contains the success stories and lessons of 15 entrepreneurs (this will be the subject of a separate post). Sharing the stories and lessons of existing Pinoy Entrepreneurs is also the main reason why we have discussions with young and upcoming entrepreneurs, like Abe Olandres and Louane Roa. We know that Gokongwei, who lost his father when he was 13 years old, worked hard to support his family. He started by selling simple products in the palengke near Cebu City. He would wake up at 5 in the morning, load thread, soap and candles into his bicycle, and rush to the palengke, where he would rent a stall for one peso a day. He was the youngest vendor in the palengke, but that did not stop him from earning P20 a day (that's more than half a century ago). The rest of the story is better told in his own words: Then, when I had enough money and more confidence, I decided to travel to Manila from Cebu to sell all kinds of goods like rubber tires. Instead of my bike, I now traveled on a batel -- a boat so small that on windless days, we would just float there. On bad days, the trip could take two weeks! That is the shortened story of an entrepreneur who walked this earth for more than 80 years now, and still counting. Marites Khanser analyzed the entrepreneurial style of Mr. Gokongwei, as well as entrepreneurship in general, in the book. If only there are no copyright considerations, it would be best to just reproduce the entire book here. You could continue reading, of course, by buying the reasonably-priced, 144-page book. Still, let's have a brief summary of the discussions and findings of Dr. Khanser, coupled with the lessons distilled from John Gokongwei's speeches, which will be contained in Part 2.
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Newer posts:
- Who Moved My Cheese (Spencer Johnson) --
- The Wealthy Barber: Everyone's Common Sense Guide to Becoming Financially Independent --
- Introduction to ENTREPRENEURSHIP: Success Stories of Filipino Entrepreneurs --
- John L. Gokongwei, Jr. - The Path of Entrepreneurship (Part 2) --
- Banker to the Poor: Micro-Lending and the Battle Against World Poverty --
Older posts:
- The E-Myth Revisited (Why Most Small Business Don't Work and What to Do About It) --
- 12 Little Things Every Filipino Can Do to Help Our Country --
- 10 Little Things OFWs, Balikbayans and Pinoy Expats Could Do To Help --
- A Smart and Practical Guide for New Entrepreneurs --
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