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    Henry Sy Entrep

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    Ashly Macandili
    Henry Sy immigrated from China to the Philippines as a child and started working in his father's small shop. After the shop was destroyed in a fire, he was determined to make it on his own in the Philippines with just 10 cents. He began selling surplus army boots and discovered local suppliers, eventually expanding into importing shoes. Though he faced many challenges as an entrepreneur, he worked hard and was resilient. Sy grew his business into the SM retail group, one of the largest shopping mall chains in Asia. He demonstrated strong leadership and business acumen that allowed him to succeed across multiple industries such as retail, banking, and real estate development.

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    Henry Sy Entrep

    Uploaded by

    Ashly Macandili
    29 views1 page
    Henry Sy immigrated from China to the Philippines as a child and started working in his father's small shop. After the shop was destroyed in a fire, he was determined to make it on his own in the Philippines with just 10 cents. He began selling surplus army boots and discovered local suppliers, eventually expanding into importing shoes. Though he faced many challenges as an entrepreneur, he worked hard and was resilient. Sy grew his business into the SM retail group, one of the largest shopping mall chains in Asia. He demonstrated strong leadership and business acumen that allowed him to succeed across multiple industries such as retail, banking, and real estate development.

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    Henry Sy immigrated from China to the Philippines as a child and started working in his father's small shop. After the shop was destroyed in a fire, he was determined to make it on his own in the Philippines with just 10 cents. He began selling surplus army boots and discovered local suppliers, eventually expanding into importing shoes. Though he faced many challenges as an entrepreneur, he worked hard and was resilient. Sy grew his business into the SM retail group, one of the largest shopping mall chains in Asia. He demonstrated strong leadership and business acumen that allowed him to succeed across multiple industries such as retail, banking, and real estate development.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    29 views1 page

    Henry Sy Entrep

    Uploaded by

    Ashly Macandili
    Henry Sy immigrated from China to the Philippines as a child and started working in his father's small shop. After the shop was destroyed in a fire, he was determined to make it on his own in the Philippines with just 10 cents. He began selling surplus army boots and discovered local suppliers, eventually expanding into importing shoes. Though he faced many challenges as an entrepreneur, he worked hard and was resilient. Sy grew his business into the SM retail group, one of the largest shopping mall chains in Asia. He demonstrated strong leadership and business acumen that allowed him to succeed across multiple industries such as retail, banking, and real estate development.

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    of 1

    One of my favorite entrepreneurs Henry Sy so let's take a look at his life before and the path

    that bring him to success, Henry Sy, who comes from a low-income family in Quanzhou, China, was not
    born with a silver spoon in his mouth. When he was twelve years old, Sy immigrated to the Philippines
    and began working at his father's modest sari-sari shop in Quiapo, Manila. As the Second World War
    broke out, their tiny store was destroyed by fire, forcing Henry's father to leave for China. He insisted on
    remainingng, steadfastly determined to succeed here in the Philippines rather than go to China with his
    father. Left with only 10 cents in his pocket, Sy started to empower himself by studying commerce and
    learning English and the Filipino language at the same time. He began selling GI boots surplus. Sy
    focused on trading shoes at the onset which lead him to discover local suppliers and explore importing
    shoes to be able to cope with the supply and demand chain. He wed a fellow Chinese immigrant woman,
    and they were blessed with six children. Henry's wife Felicidad assisted Sy throughout the entire
    business procedure. Felicidad sells lace in Manila, and she gave Sy the idea to add more goods and items
    to his Shoe Shop. Henry Sy began selling shoes on the streets of Manila in the sweltering heat and
    freezing rain, and it was by no means an overnight success. In the past, Sy was wounded by shrapnel and
    on the verge of death from excessive bleeding. Someone helped him, and in return, that person became
    his friend, and, out of gratitude, he joined him in business. As a result, Sy is now successful. Although
    there were several challenges throughout the startup phase, they were all conquered one step at a
    time. He owned the Bdo, Sm or shoe mart, and many others. Sy didn't mind running the risk of going
    international as long as the success keeps up. The first SM Mall ever opened in China in 2001. With six
    branches in the following regions: Chengdu, Xiamen, Suzhou, Zibo, Chongqing, and Jinjiang, Branches in
    China are still growing. With a long-standing connection with local and international brands and
    suppliers, SM Primes in China maintains a high level of occupancy. In 2016, SMDC also began to explore
    China. The Silk Residence in Chengdu, China, was the name of their China project. At the age of 93,
    Chairman Emeritus Henry Sy was able to win numerous awards and recognition in the business world,
    particularly in retailing and banking as well as in his management skill. This global step for SMDC was a
    strong testament to the company's firm commitment to developing world-class projects that are well-
    acknowledged by the international target market. The family's second generation has taken over the
    company and is carrying on the history that their father started. What matters in business is how much
    commitment and determination you will put into it, not how much money you have in your pocket. Your
    dedication to what you're doing and your labor of love are both priceless. I franchise phi. (2020).

    So these are the top 3 characteristics of Henry Sy that bring him to have a successful life for the first one
    is working smart not hard Henry can handle difficult situations and solve them, and he is good at
    decision-making like going or not going Henry was ready to take the risk whether it can cause bad or
    good. The second one is to think outside the box and be a confident person it makes a person more
    productive about actions. The third one is Leadership be a good leader to your members or employee
    can bring to your success like no hatred and betrayal, be a good leader by sharing knowledge and
    learning from experience than you for reading and have a nice day.

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