Tips from top Pinoy entrepreneurs
MANILA, Philippines – The country’s top entrepreneurs were honored at the recently held 2013 Ernst & Young Entrepreneur of the Year Awards.
Ben Chan, the brains behind clothing chain Bench, was named the Philippines’ Entrepreneur of the Year. He will be the country’s representative to the 2014 World Entrepreneur of the Year awards in Monaco.
Chan was given recognition for making Bench an international brand with global stores in China, the Middle East, the US and Guam.
He said his success was a result of his passion in what he is doing, and not being afraid of failure. It is a mindset he wishes to share with aspiring entrepreneurs.
“If you love what you are doing, you can overcome everything, all the pain, everything will pay off. Follow your passion, never be afraid to fall down. You have to be resilient in what you are doing,” he said.
Chan said the secret is to be involved in something that doesn’t feel like “work.”
“If you like what you are doing, it's not working. It's something like work and play at the same time,” he said.
Serenitea president Juliet Herrera, named Young Entrepreneur of the Year, echoed Chan’s sentiments, saying fear should not be in the way of a good idea.
"Don't be afraid, if you have a good idea, you must put it into action immediately, because if not, someone will take it and do it. Tapos magsisisi sa huli, sasabihin nila, 'Ay naisip ko na 'yan ah, 'di ko pa ginawa,'" she said.
Herrera also advised budding business owners to “continue to dream” and not be afraid of taking risks.
This year’s Woman Entrepreneur of the Year, Milagros How of Universal Harvester, also highlighted the value of setting goals and pursuing them through hard work.
"I believe in dreaming, when we dream, we dream to achieve a goal. We should pursue it and work hard to pursue it. Stay focused to reach your goal," she said. -- With a report from Jekki Pascual, ANC