Bo Sanchez - The Secrets of Successful Entrepreneurs in Philippines

. Bo Sanchez is an author, entrepreneur,preacher,celebrity and lay evangelist in the Philippines.

He believes that it is possible to earn money in abundance while attaining spiritual development.
He lost all the money he had but he learned his lessons well. He share the secrets of successful
entrepreneurs in the Philippines.

First and the most important is the Fire.It comes grounded with a lot of research a lot of
knowledge. He said that will die with fire burning within him, but his fire is not money. Money
should not be a source of fire for it will just make an entrepreneur’s life miserable. An
entrepreneur must be burning with passion, driven with desires. One who loves what he do, not
only what you love as an entrepreneur but what you love for the customers and for the people
that work with you. You’re going to love the effect of your business for your stakeholders that
are involved in that business of yours.

The next one is flexibility. The entrepreneur journey is long and a hard journey, one must be
flexible in learning new stuffs so that is very crucial. You can’t just say “hanggang dito lang
ako”because that’s the worst thing people can say. They have this mindset that limits their
capabilities on doing something. So to be a successful entrepreneur it starts with changing your
mindset because once you change your mindset, everything will change. Keep on learning, keep
adjusting, look at the market. Don’t start a business, rather solve a problem. If you want to start a
business , find a gap .

Third is finance. Looking at the numbers. Make sure that you separate your personal finance to
your business finance. The money of the business is not yours, it’s the businesses’ own money. If
you want to make sure that you can’t separate your personal finance to your business finance ,
you pay yourself a salary and live within that salary. You don’t get whatever cash is there in that
business and spend it to yourself. That’s the worst thing that you can do.