Henry Sy: Life and Success Story ~ iFranchise.ph (2024)

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What is the success story of Henry Sy summary? ›

In his twenties, Sy became a store manager working for an American business involved in the local shoe industry in the Philippines; he opened his first sole-proprietorship store in Quiapo, Manila in 1948. He opened at least three shoe stores in the Carriedo area which was then known for its heavy pedestrian traffic.

Henry Sy, SM Group of Companies: On Perseverance

“There is no such thing as overnight success or easy money. If you fail, do not be discouraged; try again.” Henry Sy, the man who built the SM empire from the ground up, is living proof that success can only be achieved through perseverance.

Henry Sy is a businessman and investor. He is known as the “Father of Philippine Retail” and the #1 Philippines' richest man. Before his passing, he was declared as the country's richest person, with an estimated net worth of $20 billion. SM's Group Founder.

Henry Sy has maintained traditional Confucian values of hard work, frugality, discipline, love of study, self-sacrifice for the family welfare, and harmonious social relationships. He has said: “The SM business model is anchored on hard work, focus, determination, and the ability to take risks and make bold calls.

Henry Sy Learn lots of innovative things from his suppliers, employees, and customers. With intensive on-site job research, he got enough confidence to expand his business to the department store chain. In life many needs are grow-out and to fulfills these needs, you should become determined.

"There is no such thing as overnight success or easy money," Henry Sy said. "If you fail, do not be discouraged; try again. When you do well, do not change your ways. Success is not just good luck: It is a combination of hard work, good credit standing, opportunity, readiness and timing.

The growth strategy of Henry Sy also created a cluster of competitive advantages that made SM hard to beat in their game, evident in their group rewards program.

Who is considered as one of the successful Filipino entrepreneurs in the Philippines who is also the owner of Jollibee Foods corporations? ›

Tony Tan Caktiong, Jollibee Foods Corp.

He now owns Jollibee Foods Corporation, which owns 11 restaurant brands including its flagship brand and namesake — Jollibee, the largest quick-service restaurant network in the Philippines with over 3,500 local stores and 2,500 scattered across the globe.

John L.

Gokongwei Jr. is the man behind JG Summit Holdings Inc. This is the business conglomerate which holds some of the biggest names in the country. Some of those names include Cebu Pacific, Robinsons Retail Holdings, and Robinsons Land Corporation, one of the largest real estate companies in the Philippines.

Bill Gates is the most famous entrepreneur and holds the Guinness World record for inventing "World's First Microcomputer" in 1980.

Henry Sy achieved his goal of becoming a businessman, emerging as the Philippines' and Southeast Asia's richest man, and the 53rd wealthiest person in the world with a net worth estimated at $19 billion by Forbes. (See photos in This Week on PeopleAsia at the Allure section of the Philippine STAR today.)

No matter how good your plans are, if you don't work hard these plans will be nothing. Moreover, Sy taught his children to be hardworking, too. Thus, unlike many family businesses that fail because the second and/or third generation are lazy, Sy's children are as hardworking as he was.

What does it mean to become an overnight success? ›

something that becomes successful very quickly.

It means that, even if you feel you haven't achieved whatever you define as “success,” you most likely can and will achieve it. You just haven't gotten there yet. Don't rush life – live it.

There ought to be 3 T's in your journey that will ensure that your endeavours succeed. They are Talent, Team and Trends and why without them you're nothing?

Possibly one of the most famous and accomplished young entrepreneurs is Mark Zuckerberg, who at 19 co-founded Facebook (now Meta). Also topping the charts is Dustin Moskovitz, co-founder of Facebook; and Evan Spiegel and Bobby Murphy, co-founders of Snapchat.

Joseph Calata (born July 31, 1980) is a Filipino businessman. He served as the Chairman and Chief Executive Officer of Calata Corporation, a company formerly listed on the Philippine Stock Exchange. At the age of 31, he became the youngest Chairman of a publicly listed company in the country.

Gaston Taratuta is EY World Entrepreneur Of The Year™ 2022 | EY - Global.

“Hardworking,” “persistent,” and “optimistic”—these are words strongly associated with the Filipino culture. More so, these are also the usual words that paint the character of businessmen in the Philippine setting.

With the help of his wife Grace, his family, and in-laws, they started everything with a small family business selling ice cream in the streets of Manila. Three years after starting, the family saw the opportunity for hot meals. They converted the ice cream parlors into the Jollibee brand we know today.

Who are 3 successful entrepreneurs? ›

Andrew Carnegie, Henry Ford, Oprah Winfrey, Bill Gates, and Larry Page are among the most celebrated American entrepreneurs in history.

DAVAO CITY

The “Crown Jewel of Mindanao.” Together with Zamboanga, Davao also shares the title of being one of the wealthiest cities in the Philippines found in Mindanao. It is the largest city in terms of land area and the most populous city outside Metro Manila.

Entrepreneur salary in India ranges between ₹ 1.0 Lakhs to ₹ 27.0 Lakhs with an average annual salary of ₹ 6.0 Lakhs.

Facebook founder is world's youngest billionaire

Mark Zuckerberg, the 23-year-old founder of social networking site Facebook, is the youngest ever self-made billionaire, according to an ann...

As a kid, Alexandr Wang was a math whiz who liked participating in national math and coding competitions.

Of the 21 individuals who stand a chance of reaching this phenomenal milestone in their lifetime, Elon Musk is predicted to be the first. When the first billionaire was announced in 1916 this colossal figure must have seemed even more unreachable than it is today.

Who is the richest person in history? ›

Who was the richest person ever? The richest person ever is thought to have been an emperor with an accumulation of wealth often described as “unimaginable” or “incalculable.” The title goes to 14th-century African emperor Mansa Musa, and his wealth has been estimated to be the modern day equivalent of $400 billion.

Many notable success stories began in failure: Henry Ford went bankrupt before starting the Ford Motor Company; Thomas Edison and his colleagues tested thousands of materials before creating the carbon-filament lightbulb; J. K. Rowling received twelve rejections before the first Harry Potter book was published.

Some of the best habits of successful people involve only conscious effort, like getting up early every day. Others, such as becoming organized, may take a little more skill and practice but ultimately result in the most desired outcome of all—success.

From the ashes of World War II, Mariano Que built what would become the thriving Mercury Drug Corporation. He opened the first Mercury Drug store on March 1, 1945, in Manila, Philippines. Orphaned at age 10, he was only able to attend school up to the seventh grade.

In 1967, Sy started to venture into banking industry as he bought Acme Savings Bank which he later change its name to Banco De Oro. His initial goal upon venturing to banking was to provide for his supplier's cash management.

Under Que, the store became the pioneer of pharmaceutical services like using centralized and computerized warehouses and refrigerators for preserving medicines and drive-through services. It was also the first to introduce pharmacy counseling and 24/7 service.

2022 Philippines 50 Richest Net Worth

Vivian Que Azcona is the president of Mercury Drugs, the largest drugstore chain in the Philippines. The pharmacy chain was founded in 1945 by her late father Mariano Que who died in March 2017 at age 96.

In 1952, the stores were open 24/7, which made the drugstore become a valuable part of the community. As a matter of fact, because of this scheme, Mercury Drug has been the go-to medical store of the Filipino people.