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John Gokongwei Jr

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Text Preview February 6, 2014

From Rags-to-Riches
“Entrepreneurship is not for the weak of heart. There is no easy path to success. You will need to work harder than your employees, to keep your mind sharp, and to face your inner fears. In the end, entrepreneurship is not only finding opportunities to create value in the business sense, but also finding the opportunities to be your best self” (Khanser, 2007). John Gokongwei Jr. has everything that a person should possess in order to become a successful entrepreneur. He was confident enough to seek for opportunities, plan creatively/innovatively and intelligently take risks. A strong desire for achievement that made him responsible and self-directed is also John’s strength. He is also an independent man who has a core capability to solve problems of his business. Gokongwei's prosperity conveys with it an inexorable story that can motivate each yearning and begin up ambitious people to accompany his course and illustrations. Behind his considerable aggregation of organizations which gave him a shocking total assets of $3.2 billion (Forbes, 2013), is a tough rags-to-riches newfound wealth account. The extravagance that he appreciated all of a sudden vanished when the organizations that his father was obliged to back his organizations seized their lands as installments to the credits that his father made, abandoning them with practically nothing. As a result, John Jr., as the eldest kid and his mother chose to send off his five kin to China where the average cost for basic items is far less unreasonable. At the age of fifteen, he began to participate good to go by offering items in the adjacent towns of Cebu utilizing a bike. His unanticipated begin in the field of business endeavor with a definitive point of survival and his combats from there on has helped him gotten to be what and who he is today: an extremely fruitful tycoon utilizing many Filipinos and a thankful humanitarian supplying powerful sums to... Show More

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