1.

Warren Buffet of Berkshire Hathaway

Warren had been an investment salesman – a job that he liked doing, except when the stocks he suggested dropped
in value and lost money for his clients. To minimize the potential of having irate clients, Warren started a partnership
with his close friends and family. By 1959, Warren had opened a total of seven partnerships and had a 9.5% stake in
more than a million dollars of partnership assets. Three years later, Warren was now a millionaire and merged all of
his partnerships into a single entity.
In 1962, Warren saw an opportunity to invest in a New England textile company called Berkshire Hathaway and bought
some of its stock. Warren began to aggressively buy shares after a dispute with its management convinced him that
the company needed a change in leadership.

2. Steve Jobs of Apple Computer

In 1976, Steve Jobs and Steve Wozniak created the first Apple, Inc. computer, the Apple I. Just as importantly, their
company had received seed capital from early investors. The next year, they were ready to unveil their newest
creation, the Apple II, their first mass-produced computer.
They debuted the home computer at that year’s West Coast Computer Faire, and it went on to become one of the
first successful mass-produced desktop computers.
The computer’s success made Jobs a millionaire by the time he was 23, in 1978. That same year, with the company
growing, Jobs and Wozniak hired Mike Scott from National Semiconductor to serve as CEO. By late 1980, Apple was
ready to hold an initial public offering (IPO), a sale that generated more capital than any IPO since the 1956 Ford Motor
Company’s offering, and created roughly 300 millionaires instantly, more than any IPO in history.
By 1981, Apple was one of the three top producers of personal computers in the United States, and possibly the
biggest.

3. Henry Sy of SM
Sy started out with a small sari-sari store business that helped them in their day-to-day life. Sy and his father lived in
a small space until the fruits of their labor made them successful in the following years. However, when the Philippine
economy collapsed in World War II, their store burned down that forced his father to go back to China. Henry Sy
stayed in the Philippines and built his own shoe business in Marikina.
Sy did not have an overnight success. He did not give up and pushed through maybe because he knew that something
big, which is what he has now, is about to come.
After a series of failures in his business, Henry Sy stood back up and persevered to attain his goal. He established a
small shoe store in Quiapo, Manila in 1958 named “Shoe Mart” that eventually marked the establishment of SM Prime
Holdings. He has become the richest man in the country for 11 consecutive years since 2005 and ranked 52nd in Forbes
World Billionaires List of 2018.

4. Jaime Zobel of Ayala

Ayala’s story started in 1834 when entrepreneur Domingo Roxas and young industrial partner Antonio de Ayala
created a distillery, which is an agribusiness company that grew and became popular as they started exporting
products to Europe. They then garnered recognition that made them a name in the international scene. From rural to
urban, they brought with them their bestselling brand that is Ginebra San Miguel.
When the Spanish royal decree established Southeast Asia’s first private commercial bank, it was Antonio de Ayala
who was the appointed director. There, Ayala became involved in banking and that same bank is now known as the
Bank of the Philippine Islands (BPI).
When de Ayala got married, they still continued to do business. As many decades later, the Ayala engaged at real
estate development as parts of the Hacienda Makati were developed. With all these developments and business
engagements with regards to real estate, Philippines’ first modern Central Business District was known. To this day,
Ayala is still rich not only with money, but also with social purpose that also helps in Philippines’ economy.

5. A successful business person in your community

 Buddy’s was started in 1985 by Salvador “Buddy” Veluz, and is currently run by his entire family. He used to be a
performer and Electrolux seller before returning to his hometown, Lucban, and finding his roots again through farming
and cooking. From lumpia to Buddy burgers to various other items on their menu, all of Buddy’s food was greatly
loved by friends, neighbors, and fellow residents of Lucban. Thus, he opened the first Buddy’s restaurant in the ground
floor of his ancestral home, and from there, it seems the rest is history.
So if you’re looking for delicious homegrown food from Lucban, Quezon, look no further than Buddy’s Pancit Lucban
and Longganisa Lucban, one of the most popular local restaurants in Metro Manila today. In its 32 years of existence,
it has become one of the most successful businesses from Quezon Province—an achievement it owes in large part to
its dedication and love for the city of Lucban.

If you were to establish your own business, what would be your reasons or purpose? Expound on your reasons.

Of course one of my main reason for establishing my own business is to make money and gain profit. As we all
know it is always one of the main goal of every business because having profit is what makes the business grow and
become even more successful. Another is to gain satisfaction from my target customers because they say that customers
are the foundation of the business and they are the reason why the business keeps its existence. Also, another reason is
to help the community to solve its problems by helping others. Establishing a business that is in demand to the community
will solve its problem and at the same time the business will also give satisfaction to the customers because of helping
them with their problems. Lastly, being an ABM student at the moment, I want to use my knowledge and skills that I
learned in the future. I am sure that this will surely help me to have a successful business in the future.