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Henry Sy’s Keys to Success
Who is Henry Sy? Is he rich and successful? If so, why are they talking about him? Why not just stick with the successes of Donald Trump on The Apprentice or Warren Buffet, the Oracle of Nebraska?
Henry Sy has inspired millions of people from the Philippines and around the world because of how he built his business empire; how he created the “malling phenomenon” and transformed the shopping experience in the Philippines.
Henry was born in China. At the age of 12, poor and desperate, his family moved to the Philippines in search of greener pastures. At first, he set up a small shop as he aimed for a better life. After World War II, he opened several shoe stores. Inspired by his early successes, he started the Shoemart department store in 1958 and later grocery stores.
With perseverance and hard work, he gradually expanded his stores to malls to capture a larger market. When he planned to build the first mall, many people including bankers and businessmen thought it was not a good idea, especially since the Philippines was going through a crisis at the time. But he followed his vision and his first center was a huge success.
And now, Henry’s companies own major banks, a real estate business, and several major headquarters in the Philippines and in China. In fact, his three malls in Metro Manila are among the top 10 malls in the world.
In 2008, Forbes Magazine named him one of the world’s billionaires and the richest man in the Philippines with a net worth of $3.1 Billion. Wow! Not bad for someone who started with almost nothing.
What are Henry’s secrets to success?
Teresita Sy-Coson, Henry’s eldest daughter who runs several businesses, revealed her success formula. In one of her speeches (published in the Philippine Daily Inquirer, September 2004), she described Henry’s 14 success strategies: 1. Leadership 2. Health 3. Vision 4. Focus 5. Hard work 6. Hard work 7. Patience 8. Optimism 9 Faith 10. Discipline 11. Organization 12. Mission 13. Social responsibility and 14. Recognition of opportunities. Do you have Henry’s features?
Below, you will find questions about the secrets of Henry’s success. Read each of them carefully and give your correct answers.
Are you ready to be different? Are you ready to create a brand that reflects who you are or how unique your business is? Are you ready to make the necessary and painful decisions to help your business?
Can people trust you? Can you believe it? What do you say and what do you say? Are you speaking? 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 later? Have you considered the necessary steps to achieve your goals?
Are you fully focused on achieving your dreams? Are you trying not to get distracted? Do you deal tactfully with people who waste your time?
Do you have a burning desire to succeed? Do you want to enjoy success despite pain, disappointment and loss? Are you passionate about what you do?
About hard work
Are you willing to put in extra hours to drive a sale or create a better product or improve your work? Are you giving your best effort in promoting your business or your cause?
Do you persevere against all odds? Do you stay the course despite negativity in your community or problems in your family? Do you motivate yourself to do better through your losses and failures?
If you answer yes to all these questions, then what do you need to be a success like Henry Sy.
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