![]() ![]() ![]() Sia, who is native to Iloilo City, dropped out of college at the age of 19 to start his own laundry and photo-developing business. Start Your Own Business: Your Business IdeaĮdgar Sia, the brains behind Mang Inasal, is widely regarded as the Philippines’ pioneer in limitless rice meals. Follow in his footsteps with our Science of Success course. His family is now one of the most successful Filipino business families and owns the Robina Land Corporation, which owns Robinsons Supermarkets and Department Stores, as well as the commercial airline Cebu Pacific. He began adding more goods, such as Blend 45, and soon changed the name of his company to Universal Robina Corporation. He borrowed PHP 500,000 from Chinabank to launch a maize milling company that is now known as Universal Corn Products.Īlthough this business venture was a success, he did not stop there. Seeing that low trade margins would always limit his income, he switched focus to manufacturing. He then began to trade by boat and truck until he began importing from the United States. When his father died, however, the family fortune evaporated and he had to support his family by peddling goods from his bicycle in the streets of Cebu. was the heir to one of Cebu’s wealthiest families. Holdings)īorn in China, John Gokongwei Jr. Check out our Bookkeeping for Personal and Business Accounting course to get your burgeoning business off on the right financial foot. If you want to sell books, it’s also important to know how to balance them. At the age of 98, Socorro Ramos is worth an estimated USD 3.1 billion, making her one of the country’s richest people. The National Book Store now has around 3,000 employees. Ramos adopted a hands-on approach to running her business, even designing the company’s logo herself. The Ramoses built a nine-story structure along Avenida after the postwar boom brought increased revenue for the company. She and her husband supplemented their income by selling other products such as candles and soaps. The Japanese imposed censorship on books and publications at the time, which included her burgeoning business. With a capital of PHP200, she and her husband launched National Book Store in Escolta at the age of 19, selling books and school supplies to children. Socorro Ramos began her career in publishing and retail as a salesgirl in a bookshop. If you’d like to set up your own food business, check out our Entrepreneurship in Food and Beverage course, which will get you set up in this exciting, fast-paced industry. With over 2,500 outlets in the Philippines and locations in the United States, China, Saudi Arabia, Vietnam, Singapore, Brunei and the UK, Jollibee is a fast-food behemoth. Ĭaktiong was able to expand across the country after embracing the fast-food business model, growing his humble restaurant into one of the Philippines’ most successful businesses.įurthermore, by establishing a franchise, he has been able to break into the international market. Customers came to the store to buy his products after word spread in his area. He bought an ice cream shop in 1975, but owing to low sales, he decided to add other items such as fried chicken, fries, and burgers. His family maintained a Chinese restaurant in Manila at the time, which enabled him to finish college. Tony Tan Caktiong, another Chinese immigrant, is the brains behind this popular food chain. The cheerful tagline “langhap sarap” – a Jollibee trademark – is well-known among Filipinos. Get a handle on this ever-changing industry with our Fashion Management course. Today, the fashion industry looks somewhat different to when Henry Sy founded his humble shoe store. As a result, he was one of the world’s wealthiest men. ![]() Sy’s legacy lives on today in his many SM malls and other acquired businesses. Sy, who died in 2019 at the age of 94, was survived by his family. Despite being unable to find vendors that could make the shoes he wanted, Sy persisted. This is where the name “Shoe Mart” originates: it was Manila’s first shoe store at the time. Sy, on the other hand, continued to pursue his entrepreneurial interests by selling worn military combat boots and other items to American soldiers. Shortly after, World War II broke out and ruined the family business. ![]() Due to the challenges in their home country, they moved to the Philippines in 1936 and opened a tiny convenience shop in Manila. Henry Sy grew up in Jinjang, Xiamen, China, in a low-income household. SM started modestly and from humble beginnings, despite its now upmarket reputation. It provides a wide range of services, including shopping, theatres, locations for date nights, parties and other special occasions, ice skating, and food courts. It is now a well-loved institution of which many Filipino families hold fond memories. Shoe Mart, or SM for short, is one of the country’s retail behemoths, and far more than just a mall. The Top 12 Most Successful Entrepreneurs in the Philippines 1. ![]()
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