Warren Buffet of Berkshire Hathaway
Warren Buffet of Berkshire Hathaway
Warren Buffet of Berkshire Hathaway
3. Henry Sy of SM
Sy started out with a small sari-sari store business that helped them in their day-to-day life. Sy and his father lived in
a small space until the fruits of their labor made them successful in the following years. However, when the Philippine
economy collapsed in World War II, their store burned down that forced his father to go back to China. Henry Sy
stayed in the Philippines and built his own shoe business in Marikina.
Sy did not have an overnight success. He did not give up and pushed through maybe because he knew that something
big, which is what he has now, is about to come.
After a series of failures in his business, Henry Sy stood back up and persevered to attain his goal. He established a
small shoe store in Quiapo, Manila in 1958 named “Shoe Mart” that eventually marked the establishment of SM Prime
Holdings. He has become the richest man in the country for 11 consecutive years since 2005 and ranked 52nd in Forbes
World Billionaires List of 2018.
If you were to establish your own business, what would be your reasons or purpose? Expound on your reasons.
Of course one of my main reason for establishing my own business is to make money and gain profit. As we all
know it is always one of the main goal of every business because having profit is what makes the business grow and
become even more successful. Another is to gain satisfaction from my target customers because they say that customers
are the foundation of the business and they are the reason why the business keeps its existence. Also, another reason is
to help the community to solve its problems by helping others. Establishing a business that is in demand to the community
will solve its problem and at the same time the business will also give satisfaction to the customers because of helping
them with their problems. Lastly, being an ABM student at the moment, I want to use my knowledge and skills that I
learned in the future. I am sure that this will surely help me to have a successful business in the future.