Achieving success in business is no small feat. It is a long, arduous journey, and when you reached your goals, nothing could be sweeter. The best way to give back is to share what lessons you learned along the way. And these three successful entrepreneurs happily share the most significant business lessons they have learned as they make their way to the top.
Injap Sia: Know where you are going and be prepared.
Double Dragon Properties and Mang Inasal founder advise budding entrepreneurs that before they go into business, they must see to it that they know what they are doing. They have to do their homework—study and understand deeply the thing they want to do.
“if you are prepared, you will know where you are going,” he said.
Dennis Uy: Know how to take a risk and be decisive.
When Phoenix Petroleum started, there are already several independent oil players in the country. In spite of this, Dennis Uy persevered to build his business. With his limited resources, he was able to land a big service contract with Cebu Pacific, and it was the break he was waiting for.
Uy describes himself as having more balls than brains. When he sees an excellent opportunity, he goes ahead and plans later. He said that when you don’t decide immediately, it may be costlier later on.
Edgar Saavedra: Know how to stand up and have guts.
After college, Edgar Saavedra is already doing fit-out and renovation projects, together with a partner. However, he wanted to more. He wanted to venture into construction, but he did not have the capital and the experience. But despite these limitations, he began doing high-rise projects while still learning the ropes. He had his break after Megawide Construction secured multiple projects with SM Development Corporation.
His tip to aspiring entrepreneurs? He said,” At first, it was not easy to get projects, but he thought that they came from nothing, so they had nothing to lose. Sometimes, you won’t go into a battle because you already how big the struggle is, but if you don’t, you do it. Because once you are in the battle, you cannot turn your back anymore.”