The john gokongwei story

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The john gokongwei story

  1. 1. The John Gokongwei Story A Lesson in Entrepreneurship By: Carlos Gonzaga
  2. 2. Early Enterprise <ul><li>John Gokongwei Jr., being the eldest child is the breadwinner of the family </li></ul><ul><li>He learned how to sell food and other goods in the streets of Cebu, competing with men and women who were at least twice his age. </li></ul>Photo c/o People.nfo.ph
  3. 3. <ul><li>In his teenage years, Gokongwei bought his own bicycle so he can go to nearby towns and barrios to sell soap, thread, candles and other things that people need. </li></ul><ul><li>He would wake up early so he can start selling early on </li></ul><ul><li>By sunset, he would be on his way home to bring food and money back to his family </li></ul>Early Enterprise Photo c/o Wesley Tanaka
  4. 4. <ul><li>Lesson: </li></ul><ul><li>“ I did not become an entrepreneur to help the country, create jobs, or even to profit from something in which I excelled in. I became an entrepreneur to survive .” </li></ul><ul><li>- John Gokongwei, Jr. </li></ul>Early Enterprise
  5. 5. Opportunity amidst Despair <ul><li>After WW2, he started importing goods from the United States. Between 1945-1955, he went to the United States several times to get goods for sale in the Philippines—clothes, tires, food, anything! </li></ul><ul><li>Lesson : Entrepreneurs tend to have that special optimism that makes them hardy and resilient in times of difficulties in their environment. </li></ul>Photo c/o John Pilot/Flickr
  6. 6. Sipag at Tiyaga = Swerte <ul><li>In 1956, Gokongwei started contacting banks to get loans that could finance his foray into the manufacturing sector. </li></ul><ul><li>When the top brass of Chinabank, D.K. Chiong (bank president) and Dr. Albino SyCip (chairman of the board), saw him, they give him the loan! Dr. SyCip said that he knows a good man when he saw one . </li></ul><ul><li>Lesson: Entrepreneurs may be considered lucky because they cultivate good countenance and intense credibility. </li></ul>
  7. 7. The Gokongwei Enterprise Today
  8. 8. The Calling <ul><li>“ What propels me is not the money I made, although that has been great. Nor is it even the satisfaction of helping my countrymen. Entrepreneurship, for me, is a path to a life lived to the fullest. It is a road strewn with challenges that constantly tested my character. For those who want a life of adventure, this is it.” </li></ul><ul><li>- John Gokongwei, Jr </li></ul>
  9. 9. Thank you!
  10. 10. References <ul><li>www.JGsummit.com.ph </li></ul><ul><li>www.Robinsonsland.com </li></ul><ul><li>www.transformationalleadershiphq.com </li></ul>

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