Flores, Renato Jr. S.

120-0229

SMARTpreneur Business Strategies

Patience and hardwork. These are the business tips and strong qualities that every
successful entrepreneur would say to youths to inspire them in succeeding in life. In the 4th
Business Forum, Mrs. Amor, the speaker of the event, shared a story about the success of their
business, Lavana Oh Lala laundry shop and the tips that need to be executed before and after
establishing business in the industry.

Throughout the discussion in the forum, I have learned many business strategies that
may help me in the future. Some of these helpful tips include time and dedication. This made
me realize that time management is really important if you are working in a business
environment. For instance, in a production plant, proper usage of time is essential in business to
become efficient and effective in producing products. In addition, being hardworking and patient
to become successful really affects me a lot because I get easy to give up immediately when I
experience failures. So, this tip enlightened my mind and forced me to work harder to achieve
my goals in life.

As a BSA student, this forum is significant and worthy because it can inspire and teach
us on how to face the real business world when we graduate. For example, Mrs. Amor cited her
experience on how to earn money through investment. She says that you should invest your
money in multiple industries in order to grow the money continuously. With that, you will not lose
profit in the long term.

Aside from financing the capital properly, Mrs. Amor also talked about the marketing
aspects in the business. She provides knowledge about pricing strategies that should be
different from the competitors. She advised that a price should start from the affordable but not
too low price so that customers could attract customers to your business. On the other hand,
she also discussed the importance of employee-employer relationship. This is very important
because if there is no employee, the business will not work and earn more profit.