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Henry Sy’s Keys to Success
Who is Henry Sy? Are you rich and successful? If so, why is he mentioned? Why not rejoice in the achievements of Donald Trump the Student or Warren Buffet, the Oracle of Nebraska?
Henry Sy has inspired millions of people from the Philippines and around the world because of the way he built his business empire; how he created “the selling point” and revolutionized the shopping experience in the Philippines.
Henry was born in China. Poor and desperate at the age of 12, his family moved to the Philippines in search of greener pastures. At first, he set up a small retail shop as he looked for a better life. After World War II, he opened a few shoe stores. Encouraged by his early success, he started the Shoemart department store in 1958 and later department stores.
With persistence and hard work, he gradually expanded his stores to supermarkets to gain a larger market. When he planned to build this first mall, many people including banks and businessmen thought that it was not a good idea especially that the Philippines was going through a crisis. But he followed his vision and his first shop was a huge success.
And now, Henry’s companies own big banks, real estate business, and many supermarkets in the Philippines and China. In fact, three of his malls in Metro Manila are among the 10 largest malls in the world.
In 2008, Forbes Magazine named him one of the world’s billionaires and the richest person in the Philippines with a net worth of $3.1 billion. Wow! It is not good for someone who started with nothing.
What are Henry’s secrets to success?
Teresita Sy-Coson, Henry’s eldest daughter who runs many of his businesses, revealed her path to success. In one of his speeches (printed in the Philippine Daily Inquirer, Sep. 2004), he explained Henry’s 14 success strategies: 1. Leadership 2. Loyalty 3. Vision 4. Focus 5. Passion 6. Hard work 7. Perseverance 8. Hope 9. Confidence 10 Ethics 11 Organization 12 Mission 13. Social responsibility and 14. Recognition of opportunities. Do you have the characteristics of Henry?
Below, you will find questions on Henry’s success secrets. Read each one carefully and give your honest answers.
Are you ready to be different? Are you determined to establish a brand that represents who you are or how unique your business is? Are you willing to make the necessary but painful decisions to help your business?
Can people trust you? Can you trust yourself? Do you mean what you mean and mean what you mean? Do you walk the talk? Do you keep your promises?
Do you have a long term plan? Do you see yourself or your business 15 years from now? Or 50 years from now? Have you measured the steps necessary to reach your goals?
Are you fully focused on achieving your dreams? Do you make an effort to ignore distractions? Do you deal effectively with people who waste your time?
In the Passion
Do you have a burning desire to succeed? Do you like to enjoy success despite pain, disappointment and loss? Do you love what you do?
In hard work
Are you willing to put in extra hours to pursue sales or make a better product or improve your job? Are you giving your effort to advance your business or your cause?
Do you persevere through all the problems? Are you staying the course without negativism in your environment or problems in your family? Do you feel motivated to do better with your losses and failures?
If you answer oh yeah to all these questions, then you have what it takes to be successful like Henry Sy.
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