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There are only few taipans, and they were given that title as a result of their wealth, influence, and their success in building their fortunes virtually from scratch.

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Without exceptions, these taipans started from scratch and built their fortunes through hard work, gut feel, and a strong business sense. As immigrants or children of immigrants from mainland China, most of them were only adolescent when they began working to augment the family income. "They were extraordinarily thrifty and industrious", says Ang-See. " I guess it came from knowing firsthand what backbreaking labor means. Given this background, you can't afford to waste a single centavo without meaning or returned.

Who will be the new taipans? John Gokongwei, on occasions, cites Tony Tan Caktiong of Jolibee, Ben Chan of Bench, Wilson Lim of the Abenson Appliance chain, and Eddie Sy Gaisano of the Southern retail chain for their remarkable leadership and business savvy. At the low-key Federation of Filipino-Chinese Chambers of Commerce and Industry, their peers consider new directors flour magnate Alfonso Uy, Henry Lim Bon Leong of the Sterling Paper Group, and Alfredo Yao of Zesto juice as the next candidates for taipanship.

However, Gokongwei once said that some of  the Philippines next business leaders might come not from the ranks of today's business clans, but from other provinces or even from the poor area - where some unknown but determined entrepreneurs are today struggling to build their fortune and make a name for themselves even as we speak

The above mentioned names were as we all know that they are all big businessman here in the Philippines, but as we know their individual stories they start in a small money capital on their businesses, but their secrets are hard-work, good management, patience in their customer and even perseverance.

As I read their business history, i can say that wealth is just within our reach. The following tips on how to use our hard earned money in business are :
  • Assess the risk.  Before investing your money in any business, first consider its risks and chances of success. Ask yourself: How much will to have to invest in the business? What kind of demands will it make on your time? Is your timing right? Can you easily sell the business if the need arises?
  • Invest and diversity. Make your money grow by using investment vehicles like mutual funds, bank products and government securities such as Treasury bills and Treasury bonds, etc. If you can afford  to buy a franchise, do so, but make sure you can devote all your energies to running it.
  • Look for possible business partners.  From partnership with people you can trust so much, and then invest your combined resources in a business or other investment ventures.
Still, the road to becoming a taipan is long and difficult decades to be a taipans. There is no such thing as an overnight success as they say. But then, there's no stopping an upstart from becoming one. There will always be some enterprising, bold and ambitious entrepreneurs with fire in their bellies who can be a future taipans.



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