Activity #1

PART 1
Direction: Answer the question with YES or NO.

___YES_____1. Am I a planner, dreamer, or goal setter?

___YES_____2. Do I offer a product that people want to buy?
___NO_____3. Do I have enough resources to start my business?
___NO_____4. Will my business plan allow cash to flow as soon as possible?
___NO_____5. Am I working around a tight budget for my expenses?
___NO_____6. Do I have good credit status?
___NO_____7. Am I expecting too much from my revenues as a result of my hard
work?
___YES_____8. Am I ready to asses and measure everything before putting it out for
the
public.
___YES_____9. Do I have strong people skills?
___YES_____10. Do I enjoy making decisions and being in charge?
___NO_____11. Am I good at short-range and long- range planning?
___YES_____12. Am I willing to take initiative when confronted with difficult
situations?
___YES_____13. Am I flexible, and can adapt to changing circumstance?
___YES_____14. Am I willing to take calculated risk?
___YES_____15. Am I ready to learn and accept the mistakes that I might
encounter along
the way.

PART II

A. Give 5 Successful Filipino Entrepreneurs and how they got started.

1. John Gokongwei Jr. (J.G. Holdings)

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. He
then began to trade by boat and truck until he began importing from the United
States. he switched focus to manufacturing and borrowed PHP 500,000 from
Chinabank to launch a maize milling company that is now known as Universal
Corn Products.
2. Henry Sy (Shoe Mart)
Henry Sy grew up in Jinjang, Xiamen, China, in a low-income household. Due to
the challenges in their home country, they moved to the Philippines in 1936 and
opened a tiny convenience shop in Manila.
3. Edgar Sia (Mang Inasal)
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. Sia, then 26 years old, decided to
launch the fast-food restaurant Mang Inasal – meaning “Mr. Barbecue” in his
native Hiligaynon – in 2003. In his hometown, the first branch was erected in a
mall parking lot.
4. Alfredo M Yao (Zest-O)
Yao did a variety of odd jobs, including working at a printing machine. He learned
how to print cellophane wrapping for candy and biscuits during his time there and
was inspired to create his own printing company as a result of his experiences.
5. Joe Magsaysay (Potato Corner)
Potato Corner is a well-known food cart company in the United States. It was
founded in 1990 by Joe Magsaysay, who dropped out of school to work at a fast-
food restaurant. He was then offered the opportunity to become a manager; his
store management abilities came in handy when he and a friend decided to open
Potato Corner. He went on to become one of the Philippines’ most successful
businesspeople.

B. Give 5 Famous Entrepreneurs in the world and their success stories.

1. MaryBeth Hyland- Founder of Spark Vision

One of the most inspiring entrepreneur's stories is of MaryBeth Hyland. Hyland

believes that all the ugly things she went through in life have helped her succeed.
Her survival is an inspiration for all of us, especially because she uses her past
experiences to connect with people. Spark Vision is a company that collaborates
with other businesses and encourages them to maintain a collaborative office
workplace, moving away from the toxic office culture.

2. Eric Yuan – Founder of Zoom

Without Zoom, can you imagine what quarantine would have been like, especially
since businesses and schools have turned to the platform to carry out their day-
to-day tasks and activities? However, once you find out how Zoom came into
existence, you will be shocked. Today, 750,000 businesses use the platform to
connect businesses via video and audio conferencing. He kept at it because he
believed that he could do great things. Today, 750,000 companies use Zoom.
During the era of the internet boom – mid-'90s- Eric Yuan entered the US from
China. Yuan worked for a Silicon Valley communication startup initially, and by
2012, he introduced Zoom to the world.

3. John Paul DeJoria– Founder of Patron Spirits and House of Blues

The one thing you might not is what these brands have in common. John Paul
DeJoria is the mastermind behind both these companies, but he did not start off
as a billionaire. In fact, his journey to success has been extremely difficult. Yet,
he has managed to inspire millions and get his name included in the top stories of
successful business entrepreneurs. Today he is a philanthropist who helps
provide resources to homeless people and continues to fight for justice. He
partnered with Paul Mitchell, and with a loan of $700, both of them went on to
build an empire which is today famously known as John Paul Mitchell Systems.
He went on to found Patron Spirits and co-founded the House of Blue chains. Yet,
he has managed to inspire millions and get his name included in the top stories of
successful business entrepreneurs.

4. Jan Koum- Founder of WhatsApp

Jan Koum, the founder of WhatsApp, comes from a small village in Ukraine. His
family moved to California when he was young as they were unable to make ends
meet. Koum started to read more about computers whenever he got time. His
interest started to develop and by the age of 18, he had some brilliant skills
computing skills. The legendary founder of WhatsApp has a successful
entrepreneur's story because he was able to make the most of his circumstances.

5. Pierre Omidyar- Founder of eBay

Pierre Omidyar was a software developer who jumped from gig to gig. In 1995, he
launched an auction website and named it Auction Web. The idea behind this was
to get rid of the possessions that he did not use and were taking space in his
house. To this day, eBay continues to dominate the market, even though several
other enterprises have entered the market and are trying to compete with the
initial auction website.