The document discusses John Gokongwei Jr.'s views on entrepreneurship in the Philippines. It includes excerpts from a speech he gave encouraging graduates to become entrepreneurs rather than take high-paying corporate jobs, as entrepreneurship is needed to drive innovation and economic growth. It notes that many of the largest Philippine companies today are the same as before WWII, showing a lack of new businesses and ideas. The document advocates taking risks to start new companies that create jobs, and cites examples of young, successful Filipino entrepreneurs. It also includes a short interview where Gokongwei discusses how he would invest 1 million or 10 million pesos if he had it.
5. THE WELLNESS REVOLUTION
Php4T-Php6T UNDERGRADUATE
Php10T-Php15T PROFESSIONAL/
GRADUATE
Php30T-Php50T MANAGER /SMALL TIME
BUSINESSMAN
Php100T-Php200T - PRESIDENT/VICE-
PRESIDENT
BIG TIME BUSS/FRANCHISING
6. THE WELLNESS REVOLUTION
Php4T-Php6T UNDERGRADUATE
Php10T-Php15T PROFESSIONAL/
GRADUATE
Php30T-Php50T MANAGER /SMALL TIME
BUSINESSMAN
Php100T-Php200T - PRESIDENT/VICE-
PRESIDENT
BIG TIME BUSS/FRANCHISING
Php500T-Php1M INVESTORS
(BILLION CAP)
17. THE WELLNESS REVOLUTION
25 yrs old House And Lot + Car
40yrs old Php20M bank- Php140,000/mo
Do business 5 to 10 years after that
MONEY WORKS FOR THEM!
23. THE WELLNESS REVOLUTION
22- Graduate
30- Nagtratrabaho
40- Sawa sa trabaho
60- Resign sa trabaho
70 PATAY KAKATRABAHO
24. THE WELLNESS REVOLUTION
22- Graduate
30- Nagtratrabaho
40- Sawa sa trabaho
60- Resign sa trabaho
70 PATAY KAKATRABAHO
Works up to 60 asa sa SSS, GSIS and
RETIREMENT kapag overage na mgabroad
naman.
25. THE WELLNESS REVOLUTION
22- Graduate
30- Nagtratrabaho
40- Sawa sa trabaho
60- Resign sa trabaho
70 PATAY KAKATRABAHO
Works up to 60 asa sa SSS, GSIS and
RETIREMENT kapag overage na mgabroad
naman.
THEY WORK FOR MONEY FOR LIFE!
30. THE WELLNESS REVOLUTION
DOWNPAYMENT Php200,000
MONTHLY EXPENSES:
If 3yrs------------Php21,000
If 4yrs -----------Php17,500
GAS -------------Php12,000
31. THE WELLNESS REVOLUTION
DOWNPAYMENT Php200,000
MONTHLY EXPENSES:
If 3yrs------------Php21,000
If 4yrs -----------Php17,500
GAS -------------Php12,000
Maintenance---Php3,000
32. THE WELLNESS REVOLUTION
DOWNPAYMENT Php200,000
MONTHLY EXPENSES:
If 3yrs------------Php21,000
If 4yrs -----------Php17,500
GAS -------------Php12,000
Maintenance---Php3,000
TOTAL--------------- Php32,000
41. THE WELLNESS REVOLUTION
(CHINESE MINDSET)
Lucio Tan age 16 now 79 yrs old
Henry Sy age 12 now 83 yrs old
Gokongwei age 14 now 80 yrs old
42. THE WELLNESS REVOLUTION
(CHINESE MINDSET)
Lucio Tan age 16 now 79 yrs old
Henry Sy age 12 now 83 yrs old
Gokongwei age 14 now 80 yrs old
Alfredo Cam Yao age 12 now 71 yrs old
44. In most Americans minds its a
scam and a scheme ---
questionable or unethical at best,
immoral and illegal at worst.
THE WELLNESS REVOLUTION
HOMEBUSINESSMAG.COM
45. In most Americans minds its a
scam and a scheme ---
questionable or unethical at best,
immoral and illegal at worst.
There is even a move in
congress to outlaw it altogether!
THE WELLNESS REVOLUTION
HOMEBUSINESSMAG.COM
47. In the 1960s before Ray Kroc and
McDonalds, before Seven Eleven,
Subway, Pizza hut and all other
franchising companies
all of those are being said and done.
THE WELLNESS REVOLUTION
60. THE WELLNESS REVOLUTION
Means talking to a lot people everyday.
One of the
characteristic why
JOHN GOKONGWEI
became successful is
that he is
VERY ADAPTIVE TO
CHANGE
Speech at Ateneo
66. THE WELLNESS REVOLUTION
SPEECH OF JOHN GOKONGWEI JR. AT ATENEO
You have been taught at the Ateneo to be "a person for others." Of
course, that is noble: To serve your countrymen.
Question is: How?
And my answer is: Be an entrepreneur!
Entrepreneurship is the answer.
Meanwhile, in the Philippines, progress is slow. Very little is new.
Hardly anything is fresh. With a few exceptions, the biggest companies before the
war-like PLDT, Ayala, and San Miguel-are still the biggest companies
today.
All right, being from the Ateneo, many of you probably have offers
from these corporations already. You may even have offers from JG
Summit.
I say: Great! Take these offers, work as hard as you can,
learn everything these companies can teach-and then leave!
If you dream of creating something great, do not let a 9-to-5
job-even a high-paying one-lull you into a complacent, comfortable life.
Let that high-paying job propel you toward entrepreneurship instead.
We need young people who will find the idea, grab the opportunity,
take risk, and set aside comfort to set up businesses that will provide jobs.
Look at the young Filipino entrepreneurs who made it. When
I say young-and I'm 77, remember-I am talking about those in their 50s
and below. Tony Tan of Jollibee, Ben Chan of Bench, Rolando
Hortaleza of Splash, and Wilson Lim of Abensons. They're the guys who
weren't content with the 9-to-5 job, who were willing to delay their
gratification and comfort, and who created something new, something
fresh.
67. THE WELLNESS REVOLUTION
SPEECH OF JOHN GOKONGWEI JR. AT ATENEO
We want Piattos and Chippy to find their way into their shopping
carts as well. Our dream is to be the first group to plant the
Philippine flag throughout Asia.
Call it tritebut believe me, success can be achieved
through hard work, frugality, integrity, responsiveness to change,
and most of all boldness to dream. These have never been easy
slogans for me. I have lived by them.
I hope that many of you in this room will someday choose to be
entrepreneurs. But most of all, choose to be an entrepreneur because then
you desire a life of adventure, endless challenge, and the opportunity to be
your best self.
Thankfully, Dr. Albino Sycip, then chairman of china
bank, and DK Chiong, then president, gave me a clean loan of
Php500,000 to start my business.
ENTREPRENEUR/PHILIPPINES/OCTOBER ISSUE 2001
Entrepreneur: If you have a million pesos where would you put it?
Gokongwei: You know, a million pesos now wouldnt do you much good. Today
what kind of business will I do? Maybe Ill be a peddler again.
Entrepreneur: Ok. If you had 10 million pesos?
Gokongwei: With 10 million Ill put up a ministop which cost 3 million