Filipinos as Entrepreneurs
Entrepreneurs are the leading occupation of most Filipinos right now. Basically, you don’t need to earn a degree just to acknowledge yourself as an entrepreneur — a small business will do acknowledge you as one. But if you want to be academically-prepared as an entrepreneur, you might need to enroll in a entrepreneurship bachelor degree.
Filipinos are known to be resourceful persons. When you go to a public market in the Philippines, you will hear people tirelessly promoting their products in a repeating manner. You might also be used to hear phrases like “Ate/Kuya, ano po hanap niyo?” in every side of the streets as you go along with your shopping.
In the cyber world, the emergence of online shopping is enormously increasing. You might wonder why your friends are posting items in their Facebook profiles, in Twitter accounts or even in Instagram accounts. It’s because they are resourceful and they are willingly to invest enough money to sell some products and earn their investment back.
However, little did you know, selling and advertising aren’t still enough to accommodate your needs as you provide the needs of your customers. Especially, if you are seeking to make your business big, you definitely need to claim some wisdom from successful people.
If you know some successful people who can share and guide you in your business, why not ask for a help from them? Otherwise, you don’t literally need to talk to someone just to collect advise and ways on how to do such thing. Actually, there’s one key to be successful. You know what is the key?
Reading is the key.
Magic happens when you read. It opens up a lot of possibilities ahead of you. You might also learn some techniques, lessons, strategies and even failures from successful people. Thus, it’s your chance to learn from their mistakes and prevent yourself from making the same mistake again.
Some of the richest people in the world loves to read. They read a lot, they learn from it and they apply it afterwards. To name a few, Bill gates, Mark Zuckerberg and Elon Musk are just some of the successful and powerful people when it comes to technology and innovation.
According to sources, they are really book lovers. Bill Gates reads approximately 50 books a year. Mark Zuckerberg, on the other hand, reads two books every week. And, Elon Musk, who’s the founder of space x are able to read books at a very young age which isn’t obvious how they have a position in life today.
Top 10 Books For Filipino Entrepreneurs
1. The Lean Startup by Eric Ries
When we’re talking about building a company or launching a product in the market, there are many uncertainties by which a young entrepreneur experiences. And yes, starting a business could be a tragic decision if your don’t have enough plan ahead.
In this book, Filipino entrepreneurs will gain plenty of knowledge based on Eric Ries experiences when he was starting his own company. Uncertainties could the main problem during startups and this book will remove those barriers that block your vision of having a small business and turn it into a growing company in the most efficient and productive strategy.
2. The 7 Habits of Highly Effective People by Stephen R. Cover
First of all, let me get this straight, this book is considered as the most influential book ever written. Becoming an entrepreneur isn’t only entitled of having a great communication skills and bright vision ahead — to be a consistent, high-yielding and resourceful entrepreneur.
One must start to change what makes them vulnerable to something. In this book, although it isn’t focused on business frameworks, Stephen Cover wrote this book to reflect the ability and personality of a person as a flexible entity to adapt and evolve into a better one.
No business related principles but the most fundamental part of this book is focusing on the critical part of changing a person’s perspective which is manifested by most successful people in the world.
3. Think and Grow Rich by Napoleon Hill
This book written by Napoleon Hill was inspired by the success of a leading philanthropist of the United states and the British empire named Andrew Carnegie. His life experienced bedrock bottom as he climbed to the sunrise of great fortune.
He became one of the richest Americans in history and this book relies on the secrets of Andrew Carnegie as it really gave a powerful statements of pushing the limits of people whom he had shared with. Secrets like this aren’t supposed to be lurking around but this book offers you the opportunity to peep until you decided to dwell on the context and wisdom given by this book.
4. Innovator’s Dilemma by Clayton M. Christensen
This book was published almost three decades ago from now and even became a national bestseller that time. The innovator’s dilemma written by a Harvard professor Clayton M. Christensen focused on the needed flexibility of businesses in promoting and innovating products.
Filipino entrepreneurs should know the limitations and maximum length of doing their business routine especially if they wanted to engage with their customers for a long period of time. You’ll also know here the opposition behind the motto “Customers are always right” based on the business concepts discussed in this book.
5. The Entrepreneur Mind by Kevin D. Johnson
As the book title implies, the entrepreneur mind has all the lessons of being an entrepreneur — a total of one hundred lessons revolving the concepts of leadership, finance, marketing and sales, motivation, education and people.The writer of this book, Kevin D. Johnson, has compiled narratives of the mind of a business-tycoon as its the best tool for redirecting the mind of a younger one.
Filipino entrepreneurs should not only be entitled with their properties as entrepreneurs but also their mind has to be nourished with principles, wisdom and techniques from higher business-minded people. The lessons they gave could bypass a lot of failures that you could make yourself focused on other priorities.
6. Lost and Founder by Rand Fishkin
To start with, this book is about a startup life, but never romanticizing the famous startup story of a company owned by a college dropout who overcomes and insists lots of criticisms of pulling him down. And eventually became a young millionaire.
Rand Fiskin is the founder and former CEO of Moz tech. A $45 million a year business and took 15 years for his business to be successful. And he wasn’t a college dropout but has a partnership with his mother which fell into a great debt at the very start.
Rand Fishkin has been loved by his blog readers with his unbiased and humoring lessons about startup culture. His book are too flexible and can be apply in any kind of businesses as long as you can understand and cope up with the various conditions that could happen once you begin your own startup culture.
Entrepreneurs should always ready on facing uncertainties but you should also have a plan ahead on what you should do when a dead end hits you.
7. The War of Art by Steven Pressfield
The War of Art written by Steven Pressfield is a non-fiction book made entirely of guides on how to focus more in your work, but not just work, it should have a touch of creativity and how to get it done. This book has nothing to do with business concepts, ideas or principle but this is necessary for Filipino entrepreneurs to overlook this one.
In this book, it will show us the enemy within us hindering our creativity and productivity and letting ourselves never reach our optimum performance in doing stuff whether its about business, arts or sciences. However, we should not be worried about it because this book will teaches us how to face and overcome it and thus we can achieve success in any means.
As entrepreneurs, creativity must be equipped at all times. With a touch of it, it’s easy to captivate your goal with people as they are attracted to how you engage with them in the most creative way.
Steven Pressfield delivers a guide to inspire and support those who struggle to express their creativity. He believes that “resistance” is the greatest enemy, and he offers many unique and helpful ways to overcome it.
8. The $100 Startup by Chris Guillebeau
It’s about a traveler who wrote a book based on his case studies with 1,500 individuals who are earning at least $50,000 with just an investment of $100 or less. Chris Guillebeau will offer you the path of life with adventure, meaning and purpose, at the same time, you’re earning a living for it…. a very good living.
His experience of having an inconsistent and not permanent income led him to explore the possibilities of others with similar condition just like his. However, with his unstable income, he has a gifted way of turning ideas into income and used it to support his life through years of travelling.
The main point of the book is to redirect readers to discover what passion they really have as it can turn them into a great money maker in the future. These are very evident to how Filipinos earn their money, with their resourceful personality, Filipinos as small entrepreneurs, will do everything just earn for a living.
If you are encourage to take a deeper understanding how you can expand your investment based on a scientific study made by Chris Guillebeau, this remarkable book is perfect for you!
9. The Alchemist by Paul Coelho
This story, dazzling in its powerful simplicity and soul-stirring wisdom, is about an Andalusian shepherd boy named Santiago who travels from his homeland in Spain to the Egyptian desert in search of a treasure buried near the Pyramids. Along the way he meets a Gypsy woman, a man who calls himself king, and an alchemist, all of whom point Santiago in the direction of his quest.
No one knows what the treasure is, or if Santiago will be able to surmount the obstacles in his path. But what starts out as a journey to find worldly goods turns into a discovery of the treasure found within. Lush, evocative, and deeply humane, the story of Santiago is an eternal testament to the transforming power of our dreams and the importance of listening to our hearts.
The Alchemist will never stop reminding you to never lose hope as you chase your dreams. However, it’s also true that when we’re chasing our dreams we become tired of waiting when there’s nothing happening. As you go along with Santiago, he will help you realize that dreams will stay as dreams if you didn’t do anything to transform it into a reality.
Entrepreneurs must be tirelessly chasing their plans just like when they were still a kid chasing their dreams before. It has nothing to do with a magical and fictional approach shared by the alchemist but the book will also let you realize the things you needed to fulfill.
10.The Hard Thing About Hard Things by Ben Horowitz
Ben Horowitz is a co-founder and general partner at the venture capital firm Andreessen Horowitz. He wrote this book based on his experiences of founding a company, running it, selling products and services, managing the company and investing into it.
This is perfect for Filipino entrepreneurs because it offers you advice and practical tips on difficult issues regarding relationship between your company and the employees you have worked with.
The responsibility of entrepreneurs are difficult and Ben Horowitz is very honest with that. In his blog, a lot of blog readers approached him to ask for guidance on the running of their business. And some of the tips you’ll see is what should you do when firing an employee, poaching with competitors, from cultivating and sustaining a CEO mentality to knowing the right time to cash in.
Would you start reading one the books listed above?