Republic of the Philippines

UNIVERSITY OF RIZAL SYSTEM

GRADUATE SCHOOL

Course Title: T.L.E. 202 – Entrepreneurial Management Planning and

Have you ever thought about striking out on your own? After all, being your own
boss can be an exciting prospect. However, owning a business isn’t for everyone. To be
a successful entrepreneur, you must have -- or develop -- certain personality traits.
Entrepreneurs
- a person who organizes and operates a business or businesses, taking on
greater than normal financial risks in order to do so.
- an individual who, rather than working as an employee, runs a small business
venture, idea, or good or service offered for sale
ATTRIBUTES OF AN ENTREPRENEUR
1. Ambitious - you have a vision and a gut- wrenching need to see it through. Without a
vision, your boat will be lost at sea.
2. Self- confident/ Optimistic - you may waiver at times, but you have to believe in
yourself and your business. You should have a positive mental attitude. If you
maintain your confidence, continue to stay positive, you will be successful.
3. Humble - can you check your ego? You may need to ask for help to hit certain
milestones. One should be open to advice and have chosen the right people around.
Successful entrepreneurs do not only give orders, but also listen to advices from
mentors, industry friends, not necessarily using the advices but listening to them.
4. Passionate - we start business were passionate about but remember to be realistic
also because emotion, bias & sentiment can result in poor choices. There will be
tough days but your passion will carry you through.
5. Hardworking - you wear all the hats. Therefore, you will end up wearing several
different hats, including secretary, bookkeeper and so on. You need to be mentally
prepared to take on all these tasks, expect long hours, especially in the beginning.
6. Communicator - able to easily pass information and listen to staff and customers to
help them understand the exact nature of their job and the results expected and also
to encourage customers to buy and influence bankers or investors to supply money.
 You need to be able to accurately exchange information in a fast moving world using
a variety of communication methods (e.g., interpersonal, electronic).
7. Perseverance - you need to be able to sell your business and yourself to anyone at
any time. Still keep motivated, remain focused at all times, they just never take NO
for an answer, simply never give up on their dreams.
8. Creative /Resourceful - ability to create a product, constantly innovating and thinking
outside the box .
9. Comfortable with Risk - you have to love the idea of a calculated risk because it is
you who is making decisions. You can reduce your risk by thoroughly researching
your business concept, industry and market. You can also test your concept on a
small scale.
10. Technically skilled/ knowledgeable - you have to be good at what you do for your
business to succeed. Often means getting additional education and training on an
ongoing basis, sometimes for the purpose of obtaining credentials such as
certificates and licenses.
PROFILE OF SOME SUCCESSFUL ENTREPRENEURS
Top Ten Entrepreneurs Of Philippines In 2017
Posted by Nida Zaidi on November 7, 2016 
1. Henry Sy (Net worth: 12.7 billion dollars)
He is the owner of SM Malls in the Philippines. He is authorized as Philippines’
merchandising sovereign. His other occupational welfares include the SM
Investments Organization, SM Prime Holdings, Banco de Oro Universal Bank.
Henry is currently the richest person of Philippines.
2. Lucio Tan (Net worth: 6.1 billion dollars)
Lucio is a Chinese Filipino entrepreneur. He is the current owner of the
AsiaBrewery, Tanduay Holdings and Fortune Tobacco. In 1985, he credited the
Century Park Hotel as well. He is still graded number two in the list of richest man in
the Philippines with a net worth of $6.1 billion.
3. Rajo Laurel (Net worth: 6.1 billion dollars)
He is a fashion designer, artist and also a businessperson. He established the
house of Laurel in Makati. He has received honors as the Small Business Entrepreneur
of the Year in Philippines as well. Rajo has also performed in some small screen shows
like Philippines’ Next Top Model.
4. John Gokongwei Jr. (Net worth: 5.8 billion dollars)
John is a business magnate, stockholder, and humanitarian and has assets in
broadcastings, financial facilities, petrochemicals, power production, aeronautics and
livestock agricultural. He also runs Robinsons Land, one of the leading property
makers in the Philippines.
5. Andrew Tan (Net worth: 5 billion dollars)
Andrew Lim Tan is a Chinese Filipino tycoon with commercial welfares in real
estate, alcohol and fast food. Tan owns the Alliance Global Group Inc. (AGI) which
has sub companies i.e. Mega world Corporation, Emperador Distillers, Inc. and
Golden Arches Development Corporation.
6. Socorro Ramos (Net worth: 3.1 billion dollars)
Socorro and her late spouse Jose Ramos created the National Bookstore.
National Bookstore is well-thought-out these days in the Philippines and considered
as the leading bookstore chain. There are more than 80 outlets and more than 2,500
workers of National Bookstore.
7. Tony Tan Caktiong (Net worth: 3.9 billion dollars)
He is a Filipino businessperson. He is the originator, chairman and chief
executive of the Filipino fast food chain called Jollibee. Tan’s Jollibee has an
aggregate of 1,480 stores internationally such as Jollibee, Red Ribbon, Chowking,
Greenwich and Manong Pepe’s.
8. Jose Concepcion Jr. (Net worth: 1.46 billion dollars)
He is an industrialist and also an ex government worker who assisted as the
Secretary of Trade and Industry. Currently he is the chairman of the Swift Foods Inc.
and is also counted in the list of richest people of the world.
9. Ben Chan (Net worth: 39 million dollars)
Ben Chan is also a Chinese Filipino mogul who is the mastermind behind
Bench. Bench is renowned as the leading and famous clothing chain in the
Philippines. He has extended his supplies not only in the Philippines but also in
China, Dubai and Abu Dhabi.
10. George Yang (Net worth: 38 million dollars)
He is another famous Chinese Filipino entrepreneur. He established the
McDonald’s Philippines. Apart from being an effective capitalist, he is also a brilliant
singer. Ronald McDonald House Donations is also an aid started by McDonald’s
Philippines whose aim is to support requirements of Filipino families.
Resources:
http://www.smartearningmethods.com/entrepreneurs-philippines-2017/

https://www.monster.com/career-advice/article/entrepreneur-traits

http://yhponline.com/2011/03/11/10-attributes-of-successful-entrepreneurs/
http://www.entrepreneurmag.co.za/advice/successstories/casestudies/starbucks-
coffee-is-all-about-culture-for-a-reason/
http://static1.1.sqspcdn.com/static/f/1279882/17225693/1332273170533/
The+10+Characteristics+of+a+Successful+Entrepreneur+Multisport+University.pdf?
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