Activity 3: “If Given a Chance” Instruction: If you have a chance to start a business this pandemic time,

what are top three (3) businesses you would be interested to get into? What comes to your mind why you
are interested to these businesses?

If I would given a chance to start my own business this pandemic time, i would definetely put up a coffee
shop library, convinient store, and a water refilling station since, a coffee shop library is one of my ideal
type of coffee shop that I dream of even though I have’nt try drinking coffee then also, the reason I
wanted to have a library so that book worms and study enthusiast can not just able to drink their favorite
coffee but at the same time can read their books and study well peacefully. It is quite expensive to have
coffee shop but I think it is always what I wanted to achieve where I can able to provide the needs of
those people especially students and professionals that Entrepreneurs don’t mind that much when
putting up businesses. While a convinient store is a great investment to put up since, the daily needs of
the people is already in the section and having a convinient store is one of the specific need especially of
today’s time of pandemic. And a water refilling station is also a great investment to put up in this time,
and basically it provides one of the important needs of the people which is water and having a water
refilling station is very convinient for those people that really mind that much the cleanliness when it
comes in water specifically with drinking water.

Performanace Task: Fine some of the successful Filipino entrepreneurs from the internet and choose at
least one whom you were inspired by his/her success stories, you can also choose any entrepreneurs
near your place whom you know. Find out how this entrepreneur come up with his venture and what
made him to succeed.

Entrepreneur’s Name: Henry SY

Name of the Business: SM(Shoe Mart) Investments and Banco de
Oro
Business Success Story: Henry Sy was not born with a silver spoon
in his mouth, at the age of 12 his family
went to the Philippines and that is where
he started working on his father’s sari-sari
store located in Quiapo Manila, and the
life he has was very poor and the only goal
his aiming for is to succeed in life so he
started to buy goods from “Divisoria Flea
market”. Where he carries all goods on his
back and then sells them in a small store of
her father called (sari-sari). When World
war-2 came and the store of his father
eventually burned and robbed. He did lots
of selling and buying many odds things
during war and helped his family to
survive. After the war, he ventured into
purchasing American Shoes that were
imported by the Enterprising Gis.

Henry Sy enrolled himself and graduated

with degree in commerce at Far Estern
University and He sold overrun and
rejected shoes. He wants to change his life.
He never gives up and always try hard to
achieve the best success. After failures in
business, he stood back-up and attain goal.
In 1958, he established a shoe store in
Quiapo, Manila. The name of the store
was “Shoe Mart”. For the time, he was
purchasing many shoes, leather goods, and
accessories. He hopes to change the way of
shoe manufacturer strategy.

And in 1970, the store became the full-line

department stores that change the name
from “Shoemart” to SM with the
pioneering store at the Makati City. He
invested in the properties for malls that
were patterned after the suburban shopping
centers.

In 1972, he opened department store after

two months of Martial laws. At the start,
the business worked slow but get succeed
with time. He continued to open more
exceeding departmental stores in such a
way that one time came, he had no space
in exciting shopping centers. He thought
about long-term goals.

On November 25, 1985, 1st supermall

opened in the city of Quezon. Today there
are 43-malls across the country Philippines
and the branches in China.

With lots of criticism and armed with the

optimism and sheer determination, he
opened supermarket, departmental store,
and tenants.

At the same time, the “Shoemart Makati”

was faced with severe strikes. At that time,
he was so disappointed, but his employees
and customer encourage him to proceed.
At this difficult time, he never discourages
and boosts his confidence to continue his
business. He was committed to achieving a
valuable goal for an organization. He not
only convinces himself but also his team
members to follow his enthusiasm.

During 1997, when the Asian crisis came,

the team of Henry Sy. continued to plan an
expansion of mall that includes the “Mall
of Asia” which was envisioned the biggest
and most renowned mall in the region of
Asia. But planning stopped because Henry
recognized the Tsunami-like effects in
Asia. They went on progressively and open
other malls.
 The business grew in numbers instead of
the size and serving various more modest
markets. The business also expands from
departmental stores to hardware stores,
supermarkets, appliance superstore, and
others.

Henry Sy. was one of the greatest bankers

so he also looked into the banking
business. He established the “Banco de
Oro” bank that was a medium-sized bank.
The members of the business were
considered conservative in the lending
process. The business strengthened and
reorganize while developing the best
growth strategies that started working in
2000.

It was not at all an overnight success for

Henry Sy, he started selling shoes in the
streets of Manila under the heat of the sun
and the cold of the rain. At one point in his
past, Sy was shot by a shrapnel and almost
die in excessive bleeding, someone helped
him, that someone became his friend and
as an act of gratitude, he bacame a business
partner and now indeed became successful
because of him. There has been so many
obstacle in the start up process but was able
to overcome it one step at a time.

How this entrepreneur come up with his Due to the fact that he came from in a
venture simple family and started to aim for the
goal of success at the young age, he started
a retail business where he sold goods at
their neighborhood and he also sold G.I
boots where in, when he had enough save,
he started to finance his first own business
established by the year 1958 in Quiapo
Manila called ShoeMart.
What made this entrepreneur to succeed? It is about Henry Sy’s eagerness and
perseverance to attain his goals to succeed
in life that he unconditionaly put into, with
every thing he does to reach it and able to
managed the real crisis of life and that is
being a poor. And in his business where
rejection and failures he got to experience
and people who aspire him by which
become his life long inspiration that
motivates him to never give up with his
goals.
Traits I want to emulate from this The traits I wanted to emulate with the
entrepreneur great Entrepreneur Henry Sy is the spirit of
“taking risk” especially when it comes to
business and life, and the fact that he never
manage to give up with his long term goal
to become successful with all difficulties he
has to experience at the young age. I’ve
known his life ever since when I was in
my Elementary days and I was very
inspired by how he never give up with his
aims in life even though he experience to
be rejected and criticize by big
entrepreneurs in his time, instead he use
those experiences and critization for him to
succeed in his field.
Lessons I learned from this entrepreneur’s The lessons I learned from the success
success story story of Henry Sy is that having difficulties
in life is a great lesson to experience, and
being in simple state of life does’nt mean
that you are a failure and will never gain
any innovation in life, and success is not
for the people who was born with a silver
spoon in mouth, every body has the ability
and capability to have a goals and attain
success in life as long as you have the
power of striving, perseverance and
determination to reach it.