Republic of the Philippines

BATANGAS STATE UNIVERSITY

The National Engineering University
Alangilan Campus
Golden Country Homes, Alangilan, Batangas City, Philippines 4200
Tel Nos.: (0 43) 425-0139; 425-0143 local 2121
E-mail Address: [email protected] | Website Address: http://www.batstate-u.edu.ph

College of Engineering – Department of Electrical Engineering

RESEARCH TASK : 1

In Partial Fulfillment of the

Requirements for the subject:
ENGG 405 - Technopreneurship

Submitted by:
Sawali, John Vic M.

Submitted to:
Engr. Rosalynn C. Hernandez
Instructor

September 2024
 Republic of the Philippines
BATANGAS STATE UNIVERSITY
The National Engineering University
Alangilan Campus
Golden Country Homes, Alangilan, Batangas City, Philippines 4200
Tel Nos.: (0 43) 425-0139; 425-0143 local 2121
E-mail Address: [email protected] | Website Address: http://www.batstate-u.edu.ph

College of Engineering – Department of Electrical Engineering

I. INTRODUCTION

Entrepreneurship is more than just beginning a business; it is a mindset that converts ideas into
opportunities, and then into successful companies. Entrepreneurship is really about producing value for
customers, communities, and entrepreneurs themselves. Entrepreneurs are dreamers, risk-takers, and
problem solvers who identify market gaps where others see barriers. They have important attributes
including vision, passion, resilience, adaptability, risk tolerance, and leadership. These characteristics
allow them to negotiate all aspects of the entrepreneurship path, from ideation and validation to launch
and growth.

Usually, the method of entrepreneurship includes recognizing a market problem or need, testing
the idea, creating a business plan, acquiring capital, launching the product or service, and scaling the
business. Throughout this process, entrepreneurs face a variety of challenges including financial risk,
long hours, high stress levels, and the need to respond to quickly changing market conditions. Despite
these challenges, many people find the entrepreneurial journey extremely rewarding, providing
personal growth, financial independence, and the joy of making a dream a reality.

Entrepreneurs have a critical role in encouraging economic development and innovation. They
create jobs, pioneer new technology and business structures, and frequently address social and
environmental challenges through their initiatives. Entrepreneurship has an impact on all sectors of the
economy, from small local enterprises to worldwide online giants. While not everyone is cut out to be
an entrepreneur, grasping the fundamentals of entrepreneurship can be useful in any field. Whether
starting a new business, innovating within an existing one, or simply adopting a more entrepreneurial
mindset, the spirit of entrepreneurship - the desire to create value and make a difference - can be a
powerful force in attaining one's objectives.

II. DISCUSSION
1. Socorro Ramos (National Book Store)

From Salesgirl to Billionaire: The Inspiring Journey of Socorro

Ramos and National Book Store
In the bustling streets of Manila, a story of perseverance, adaptability, and entrepreneurial spirit
unfolded that would reshape the landscape of Philippine retail. This is the tale of Socorro Ramos, the
woman behind the iconic National Book Store, whose journey from a humble salesgirl to a billionaire
businesswoman spans nearly a century of Philippine history.

Our story begins with a young Socorro, stepping into the world of work as a salesgirl in a
bookshop. Little did she know that this modest beginning would be the first page in an extraordinary
narrative of success. At the tender age of 19, Socorro, along with her husband, made a bold decision that
would change their lives forever. With a mere PHP200 in capital - a sum that would barely buy a textbook
today - they opened the first National Book Store in Escolta, the then-heart of Manila's business district.

The young couple's dream was simple yet ambitious: to provide books and school supplies to
children, fostering education and literacy in their community. However, their timing couldn't have been
more challenging. The store opened its doors during the Japanese occupation of the Philippines, a period
marked by strict censorship on books and publications. For many, this would have spelled the end of their
entrepreneurial journey. But not for Socorro and her husband.

Demonstrating remarkable resilience and adaptability, the couple pivoted their business strategy.
While they couldn't sell books freely, they refused to give up on their store. Instead, they diversified their
inventory, selling essential items like soap and candles. This strategic move not only kept their business
afloat during the trying times of war but also laid the foundation for the diverse range of products
National Book Store would come to be known for in the future.
 Republic of the Philippines
BATANGAS STATE UNIVERSITY
The National Engineering University
Alangilan Campus
Golden Country Homes, Alangilan, Batangas City, Philippines 4200
Tel Nos.: (0 43) 425-0139; 425-0143 local 2121
E-mail Address: [email protected] | Website Address: http://www.batstate-u.edu.ph

College of Engineering – Department of Electrical Engineering

As the war clouds cleared and the Philippines entered a period of postwar reconstruction and
economic boom, National Book Store found itself perfectly positioned to grow. The Ramoses seized this
opportunity with both hands. Their small store in Escolta soon became inadequate to meet the growing
demand, leading to a significant milestone in the company's history - the construction of a nine-story
building along Avenida.

Throughout this period of growth, Socorro maintained a hands-on approach to her business. She
was not content to merely oversee operations from afar. Instead, she immersed herself in every aspect of
the business, even designing the company's logo herself. This personal touch became a hallmark of
National Book Store, fostering a sense of connection with customers that would contribute significantly to
its success.

As the decades rolled by, the National Book Store continued to expand, becoming a household
name across the Philippines. From its humble beginnings with just two people, the company grew to
employ around 3,000 individuals, becoming not just a business success story but also a significant
contributor to the Philippine economy.

Today, at the remarkable age of 98, Socorro Ramos stands as a testament to the power of
perseverance and lifelong dedication to one's vision. With an estimated net worth of USD 3.1 billion, she
is counted among the country's wealthiest individuals. But more than the financial success, Socorro's
legacy lies in the millions of Filipinos who have walked through the doors of the National Book Store,
finding knowledge, inspiration, and the tools for education within its shelves.

The story of Socorro Ramos and the National Book Store is more than just a tale of business
success. It's a narrative that embodies the resilience of the Filipino spirit, the power of adapting to
challenges, and the impact of staying true to one's vision. From weathering the storms of war to riding the
waves of economic booms, Socorro's journey demonstrates that with determination, innovation, and hard
work, it's possible to turn even the most modest beginnings into an empire.

For aspiring entrepreneurs, Socorro's story offers invaluable lessons. It highlights the importance
of adaptability in the face of adversity, the value of hands-on leadership, and the power of staying
connected to one's customers and community. Moreover, it underscores that age is no barrier to success
and that with passion and perseverance, one can continue to grow and achieve well into their later years.

Socorro Ramos's legacy extends far beyond the countless National Book Store branches that have
become fixtures in Philippine malls and streets. She stands as an inspiration to entrepreneurs across
generations, a living proof that with the right mix of resilience, adaptability, and vision, one can rise from
the humblest of beginnings to the pinnacle of business success, all while making a lasting impact on
society.

2. Edgar Sia (Mang Inasal)

From College Dropout to Billionaire: The Inspiring Journey of
Edgar Sia and Mang Inasal
In the vibrant culinary landscape of the Philippines, one name stands out as a true innovator and
entrepreneurial success story: Edgar Sia, the visionary behind Mang Inasal. Known as the pioneer of
unlimited rice meals in the country, Sia's journey from a college dropout to the youngest billionaire in the
Philippines is a testament to the power of determination, innovation, and seizing opportunities.

Our story begins in Iloilo City, where a young Edgar Sia was faced with a pivotal decision. At the
age of 19, he chose to leave college behind, driven by an entrepreneurial spirit that couldn't be contained
within classroom walls. This bold move marked the beginning of his business journey, as he ventured into
the world of laundry services and photo development. Little did he know that these early experiences
would lay the foundation for his future success.
 Republic of the Philippines
BATANGAS STATE UNIVERSITY
The National Engineering University
Alangilan Campus
Golden Country Homes, Alangilan, Batangas City, Philippines 4200
Tel Nos.: (0 43) 425-0139; 425-0143 local 2121
E-mail Address: [email protected] | Website Address: http://www.batstate-u.edu.ph

College of Engineering – Department of Electrical Engineering

As Sia gained valuable business experience, a new idea began to take shape in his mind. In 2003,
at the age of 26, he decided to enter the competitive fast-food industry with a unique concept. Drawing
inspiration from his Ilonggo roots, he named his new venture "Mang Inasal," which translates to "Mr.
Barbecue" in the local Hiligaynon dialect. This name would soon become synonymous with delicious,
affordable Filipino barbecue and unlimited rice meals.

The first Mang Inasal branch opened in a humble location - a parking lot of a mall in Sia's
hometown. This unassuming beginning belied the massive success that was to come. The restaurant's
concept of offering unlimited rice with its flavorful chicken inasal (grilled chicken) struck a chord with
Filipino diners, who value both taste and value for money.

Mang Inasal's popularity exploded, and soon branches began popping up across the Philippines.
Sia's innovative approach to fast food, which combined traditional Filipino flavors with a unique dining
concept, proved to be a winning formula. The restaurant chain grew rapidly, capturing a significant share
of the country's fast-food market.

The phenomenal success of Mang Inasal didn't go unnoticed. In a twist of fate that would change
Sia's life forever, his growing business caught the attention of Tony Caktiong, the founder of Jollibee, the
Philippines' largest fast-food chain. Recognizing the potential of Mang Inasal, Caktiong made an offer
that would make headlines across the country - a staggering PHP5 billion buyout.

For Sia, this buyout was not an endpoint but a new beginning. With the wisdom of a seasoned
entrepreneur, he reinvested the proceeds from the sale into new ventures, diversifying his portfolio into
sectors such as banking and healthcare. This strategic move demonstrated Sia's business acumen and his
ability to spot opportunities beyond the food industry.

Edgar Sia's journey reached a new milestone when, at the age of 42, he became the youngest
billionaire in the Philippines. This achievement is a testament to his entrepreneurial skills, his ability to
innovate, and his courage to take calculated risks.

The story of Edgar Sia and Mang Inasal is more than just a tale of financial success. It's an
inspiring narrative that embodies the spirit of Filipino entrepreneurship. From a college dropout to the
creator of a beloved national brand, and finally to a diversified billionaire, Sia's journey demonstrates that
with passion, innovation, and hard work, it's possible to turn a simple idea into an empire.

For aspiring entrepreneurs, especially those eyeing the fast-food industry, Sia's story offers
valuable lessons. It highlights the importance of understanding local tastes, innovating within familiar
concepts, and always keeping an eye on expansion opportunities. Moreover, it underscores the value of
reinvesting success into new ventures, continually pushing the boundaries of one's business acumen.

Edgar Sia's legacy extends far beyond the countless Mang Inasal branches that dot the Philippine
landscape. He stands as an inspiration to young entrepreneurs across the nation, a living proof that with
the right idea, unwavering dedication, and a willingness to take risks, one can rise from humble
beginnings to the pinnacle of business success.

3. Gregorio G. Sanchez Jr. (LactoPAFI)

From Provincial Problem to Global Solution: The LactoPAFI
Probiotic Story
In the lush landscapes of Cebu, Philippines, a tale of innovation and perseverance unfolded that
would not only transform local agriculture but also make waves in the global probiotics industry. This is
the story of Gregorio Sanchez and the birth of LactoPAFI Probiotic Bacteria.

Our story begins in the provincial board rooms of Cebu, where Gregorio Sanchez served as a
dedicated board member. But Sanchez was more than just a public servant; he was an astute observer with
 Republic of the Philippines
BATANGAS STATE UNIVERSITY
The National Engineering University
Alangilan Campus
Golden Country Homes, Alangilan, Batangas City, Philippines 4200
Tel Nos.: (0 43) 425-0139; 425-0143 local 2121
E-mail Address: [email protected] | Website Address: http://www.batstate-u.edu.ph

College of Engineering – Department of Electrical Engineering

a keen eye for detail. It was during his tenure that he noticed a troubling trend: the pigs being sold in local
markets were consistently underweight.

For many, this observation might have been just another statistic, a footnote in a report. But for
Sanchez, it was a call to action. Driven by curiosity and a desire to help his community, he embarked on a
personal mission to uncover the root cause of this agricultural anomaly.

With no high-tech laboratory at his disposal, Sanchez turned his home into a makeshift research
facility. Armed with nothing more than ordinary pots and pans, he began a series of tests and trials. His
goal was clear: to find a solution to Cebu's cattle malnutrition problem. This was no easy task, and
Sanchez faced numerous setbacks along the way. But where others might have given up, he persevered,
driven by an unwavering belief that a solution was within reach.

His dedication finally paid off when he made a crucial discovery: the underweight pigs were
infected with harmful bacteria. This revelation was just the beginning. Sanchez realized that to combat
these harmful bacteria, he needed to introduce beneficial ones. Thus began his work on developing a
probiotic solution that would boost the body's healthy bacteria count.

Through countless hours of experimentation and refinement, Sanchez's efforts culminated in the
creation of LactoPAFI Probiotic Bacteria. What started as a solution to a local problem soon caught the
attention of the wider agricultural community. The effectiveness of LactoPAFI in improving livestock
health and weight gain was undeniable, and word began to spread.

As the success stories multiplied, LactoPAFI's reputation grew beyond the shores of the
Philippines. Soon, buyers from around the world were clamoring for this innovative probiotic solution.
Japan, New Zealand, Hong Kong, Norway, Australia, France, and the United States all became markets
for LactoPAFI, transforming a homegrown solution into a global leader in the probiotics industry.

The success of LactoPAFI is a testament to Gregorio Sanchez's innovative spirit and unwavering
determination. By identifying a critical gap in the market - the need for effective probiotics in livestock
farming - and working tirelessly to fill it, Sanchez not only solved a local problem but also created a
product with global appeal.

This story serves as an inspiring example of how identifying a market need and innovating to
meet it can lead to extraordinary success. Sanchez's journey from a provincial board member to a global
business leader highlights the power of observation, perseverance, and creative problem-solving.

For aspiring entrepreneurs, the LactoPAFI story offers valuable lessons. It demonstrates that
groundbreaking innovations can arise from everyday observations, that setbacks are part of the journey to
success, and that with dedication and the right solution, even a small-scale project can evolve into a global
enterprise.

Gregorio Sanchez's legacy extends far beyond the borders of Cebu. Through LactoPAFI, he has
not only improved livestock health worldwide but also shown that with ingenuity and persistence, it's
possible to transform a local challenge into a global opportunity.

4. Joe Magsaysay (Potato Corner)

From Fast Food Worker to Global Entrepreneur: The Potato
Corner Story
In the bustling world of fast food, one man's journey from a humble employee to a global
business mogul stands out as a testament to perseverance, vision, and entrepreneurial spirit. This is the
story of Joe Magsaysay and the rise of Potato Corner.

Our tale begins in the Philippines, where a young Joe Magsaysay made a decision that would
 Republic of the Philippines
BATANGAS STATE UNIVERSITY
The National Engineering University
Alangilan Campus
Golden Country Homes, Alangilan, Batangas City, Philippines 4200
Tel Nos.: (0 43) 425-0139; 425-0143 local 2121
E-mail Address: [email protected] | Website Address: http://www.batstate-u.edu.ph

College of Engineering – Department of Electrical Engineering

shape his future in ways he couldn't have imagined. Opting to leave school behind, Joe chose to dive
headfirst into the world of work, landing a job at a fast-food restaurant. Little did he know that this
decision would be the first step on a path to extraordinary success.

Joe's natural talent for management quickly became apparent. His hard work and dedication
caught the eye of his superiors, leading to an offer that would change the trajectory of his career – the
opportunity to become a manager. This role allowed Joe to hone his skills in store management, building a
foundation of knowledge that would prove invaluable in the years to come.

As Joe's experience grew, so did his ambitions. In 1990, armed with his keen business acumen
and a friend by his side, Joe took a leap of faith. Together, they founded Potato Corner, a small food cart
business that would eventually grow into a global phenomenon.

The early 1990s saw Potato Corner gain traction, but it was in 1992 that the business truly found
its footing. The simplicity of their offering – flavored french fries – combined with Joe's expertise in
management and his innovative approach to business, sparked rapid growth. What started as a single food
cart soon multiplied, spreading across the Philippines and capturing the hearts (and taste buds) of
customers everywhere.

But Joe's vision extended far beyond the borders of his home country. With determination and
strategic planning, he transformed Potato Corner from a local success into a global franchise. Today, the
brand's distinctive green kiosks can be found not just in the Philippines, but also in the United States and
numerous other countries around the world.

Joe Magsaysay's journey from a fast-food worker to one of the Philippines' most successful
businesspeople is a powerful reminder of the potential that lies within each of us. His story embodies the
classic entrepreneurial dream – starting small, dreaming big, and working tirelessly to turn that dream into
reality.

The success of Potato Corner is not just about selling french fries; it's about recognizing an
opportunity, understanding customer needs, and building a brand that resonates with people across
cultures. Joe's ability to take a simple concept and scale it globally speaks volumes about his business
acumen and his capacity to adapt and innovate in an ever-changing market.

As we reflect on the inspiring journey of Joe Magsaysay and Potato Corner, it's clear that with the
right skills, mindset, and determination, it's possible to transform a simple idea into a global success story.
For aspiring entrepreneurs looking to follow in Joe's footsteps, his story serves as a powerful reminder
that with vision, hard work, and the right opportunities, even the humblest beginnings can lead to
extraordinary achievements.

5. Milagros, Clarita, and Doris Leelin (Goldilocks)

The Sweet Success of Goldilocks: A Filipino Bakeshop's Rise to

Fame
In the heart of Makati, Philippines, a small bakery was about to embark on a journey that would
transform it into a household name. This is the story of Goldilocks, a testament to the power of passion,
family, and entrepreneurship.

The year was 1966 when sisters Milagros and Clarita Leelin, along with their sister-in-law Doris,
decided to turn their love for baking into a business. With modest beginnings, they opened their first
Goldilocks store in a humble 70-square-metre space. The bakeshop started with just two cake displays
and a team of ten dedicated employees. Little did they know that this small venture would be the seed of a
baking empire.
 Republic of the Philippines
BATANGAS STATE UNIVERSITY
The National Engineering University
Alangilan Campus
Golden Country Homes, Alangilan, Batangas City, Philippines 4200
Tel Nos.: (0 43) 425-0139; 425-0143 local 2121
E-mail Address: [email protected] | Website Address: http://www.batstate-u.edu.ph

College of Engineering – Department of Electrical Engineering

As the aroma of freshly baked goods wafted through the streets of Makati, Goldilocks began to
capture the hearts and taste buds of Filipinos. The sisters' commitment to quality and their delectable
creations quickly gained popularity. Over the years, their small bakeshop grew, fueled by the increasing
demand for their sweet treats.

A pivotal moment came in 1991 when Goldilocks introduced its franchising program. This
strategic move allowed the brand to expand rapidly, bringing its beloved cakes and pastries to more
corners of the Philippines and beyond. Today, Goldilocks boasts an impressive network of around 420
stores, a far cry from its single-store origins.

But the Leelin sisters didn't stop at conquering the Philippine market. Goldilocks spread its wings,
establishing a presence in the United States, Canada, and various countries in Southeast Asia. The small
Makati bakeshop had transformed into an international brand, carrying the flavors of Filipino baking
across oceans.

From its modest PHP 66,000 start-up capital, Goldilocks has grown into a multi-million-dollar
food enterprise. The bakeshop that once employed just ten people now provides livelihoods for over 4,000
individuals, contributing significantly to the Philippine economy.

The Goldilocks story is more than just a tale of business success. It's a narrative of how passion,
combined with hard work and strategic thinking, can turn a small family venture into a global
phenomenon. From its humble beginnings in Makati to its current status as a beloved international brand,
Goldilocks continues to sweeten lives around the world, one cake at a time.

As we reflect on the inspiring journey of Goldilocks, it's clear that the baking industry holds
immense potential for aspiring entrepreneurs. For those looking to follow in the footsteps of the Leelin
sisters and carve their own path in the world of baking, there are numerous opportunities to hone their
skills and knowledge. Aspiring bakers can explore various courses and training programs to kickstart their
baking careers and perhaps create the next big success story in the world of pastries and confections.

III. CONCLUSION

Entrepreneurship is an important source of innovation, economic growth, and social change.

Entrepreneurs transform ideas into value-driven businesses that benefit not just themselves, but also
their clients and communities. Their capacity to recognize opportunities where others see challenges is
essential to their success, and the qualities they possess, such as resilience, adaptability, and leadership,
allow them to overcome the risks and obstacles associated with starting and developing a business.

The path to entrepreneurship is rarely smooth. It involves carrying out market research,
developing business plans, gathering resources, introducing a product or service, and responding to
market changes. Entrepreneurs frequently face financial risks, hard hours, and high stress levels, but the
personal and professional benefits can be enormous. Many entrepreneurs gain substantial personal
growth and happiness from seeing their vision come true while contributing to the economy and
society.

Finally, entrepreneurs play an important part in defining sectors and driving innovation. Their
efforts generate jobs, promote new technologies, and address societal challenges. While not everyone is
interested in entrepreneurship, adopting its mindset—embracing creativity, problem-solving, and value
creation—can benefit people of many backgrounds. Understanding entrepreneurship fosters a proactive
response to opportunities, which fuels innovation and success in a variety of professional situations.

IV. REFERENCES
Baumol, W. J. (1996). Entrepreneurship: Productive, unproductive, and destructive. Journal of
 Republic of the Philippines
BATANGAS STATE UNIVERSITY
The National Engineering University
Alangilan Campus
Golden Country Homes, Alangilan, Batangas City, Philippines 4200
Tel Nos.: (0 43) 425-0139; 425-0143 local 2121
E-mail Address: [email protected] | Website Address: http://www.batstate-u.edu.ph

College of Engineering – Department of Electrical Engineering

Business Venturing, 11(1), 3–22. https://doi.org/10.1016/0883-9026(94)00014-x

Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers.

(n.d.). Wiley.com.

https://www.wiley.com/en-ie/Business+Model+Generation%3A+A+Handbook+for+Visi

onaries%2C+Game+Changers%2C+and+Challengers-p-9780470876411

GEM Global Entrepreneurship Monitor. (n.d.). GEM Global Entrepreneurship Monitor.

https://www.gemconsortium.org/report/gem-20202021-global-report

Blank, S. G. (2006). The Four Steps to the Epiphany (Second Edition). Lulu.com.

https://web.stanford.edu/group/e145/cgi-bin/winter/drupal/upload/handouts/Four_Steps.p

df

Bygrave, W. D., & Hofer, C. W. (1992). Theorizing about Entrepreneurship. Entrepreneurship

Theory and Practice, 16(2), 13–22. https://doi.org/10.1177/104225879201600203

Van Der Linden, D. (2014). The Lean Startup: How Today’s Entrepreneurs Use Continuous

Innovation to Create Radically Successful Businesses. Hogeschool-rotterdam.

https://www.academia.edu/6418358/The_Lean_Startup_How_Today_s_Entrepreneurs_U

se_Continuous_Innovation_to_Create_Radically_Successful_Businesses

Causation and Effectuation: Toward a Theoretical Shift from Economic Inevitability to

Entrepreneurial Contingency on JSTOR. (n.d.). www.jstor.org.

https://www.jstor.org/stable/259121

Review: [Untitled] on JSTOR. (n.d.). www.jstor.org. https://www.jstor.org/stable/258006

The Promise of Entrepreneurship as a Field of Research on JSTOR. (n.d.). www.jstor.org.

https://www.jstor.org/stable/259271

Croitoru, A. (2012). Schumpeter, J.A., 1934 (2008), The Theory of Economic Development: An

Inquiry into Profits, Capital, Credit, Interest and the Business Cycle, translated from the

German by Redvers Opie, New Brunswick (U.S.A) and London (U.K.): Transaction

Publishers. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4499769
 Republic of the Philippines
BATANGAS STATE UNIVERSITY
The National Engineering University
Alangilan Campus
Golden Country Homes, Alangilan, Batangas City, Philippines 4200
Tel Nos.: (0 43) 425-0139; 425-0143 local 2121
E-mail Address: [email protected] | Website Address: http://www.batstate-u.edu.ph

College of Engineering – Department of Electrical Engineering

FutureLearn. (2024, March 12). The most successful entrepreneurs in the Philippines -

FutureLearn. FutureLearn.

https://www.futurelearn.com/info/futurelearn-international/most-successful-entrepreneurs

-philippines
 Republic of the Philippines
BATANGAS STATE UNIVERSITY
The National Engineering University
Alangilan Campus
Golden Country Homes, Alangilan, Batangas City, Philippines 4200
Tel Nos.: (0 43) 425-0139; 425-0143 local 2121
E-mail Address: [email protected] | Website Address: http://www.batstate-u.edu.ph

College of Engineering – Department of Electrical Engineering

Sante Barley

I. INTRODUCTION

Maximo, 57, is a dedicated health and wellness advocate who has dedicated his life to helping
others improve their well-being. He is the proud seller of barley, a natural grain recognized for its
tremendous healing capabilities and capacity to improve the body's energy. With years of experience in
the health sector, Maximo has witnessed firsthand how barley can refuel the body, boost immunity, and
promote general health, making it a reliable cure for people seeking a natural approach to wellbeing.
His purpose is to spread the transforming advantages of barley to as many people as possible.

II. DISCUSSION (INTERVIEW)

Maximo, a 57-year-old health passionate, has made a living and fulfilled his dreams as a
natural health product reseller for Santé Barley, a supplement recognized for its healing qualities and
ability for enhancing general health. His business path began upon realizing the numerous advantages
of barley, which inspired him to not only consume the grain but also to distribute it to others. John
entered the reselling of Santé Barley company because he was passionate about health and wanted to
have a positive impact on those around him.

Maximo's earnings as a reseller changed based on the level of product demand. He typically
makes between 500 and 1,000 pesos as his least gain each transaction and between 3,000 and 5,000
pesos as his greatest profit. Thanks to these financial gains, Maximo has been able to market a product
he truly believes in and generate a consistent earnings flow. His goal as a reseller is to improve other
people's health in addition to making a profit.

Maximo thinks that success comes from focusing on the present and grabbing opportunities as
they arise, even though the future is unpredictable. His straightforward but meaningful advise to
prospective entrepreneurs is to "go for it and take the risk." Maximo encourages people to trust in their
path, embrace the unknown, and take risks because they can only completely know what is ahead if
they dare to attempt. He wants to encourage others to jump into entrepreneurship with courage and
tenacity by sharing his story.

III. DOCUMENTATION (PHOTOS)

 Republic of the Philippines
BATANGAS STATE UNIVERSITY
The National Engineering University
Alangilan Campus
Golden Country Homes, Alangilan, Batangas City, Philippines 4200
Tel Nos.: (0 43) 425-0139; 425-0143 local 2121
E-mail Address: [email protected] | Website Address: http://www.batstate-u.edu.ph

College of Engineering – Department of Electrical Engineering

Lorieta’s Small business

I. INTRODUCTION

My neighbor, 63-year-old Lorieta Bitaga, is the proud owner of a little business close to my
house. She started her entrepreneurial adventure in 2019 with a strong sense of passion and dedication,
making her goal a reality. It's never too late to follow one's aspirations because of Lorieta's dedication
to her community and business, even at her advanced age. Her company is proof of her tenacity and
commitment, encouraging people around her to take risky moves in the direction of their own goals.

II. DISCUSSION (INTERVIEW)

Lorieta Bitaga, who is 63 years old, is a bright example of a determined and enterprising
person. She made the decision to launch her own business in 2019, which is currently well-known in
the community as Lorieta's Small Business. Even though Lorieta started her business later in life, it is a
testament to her dedication and excellent financial planning.

It's not easy to run a tiny business in a competitive sector, but Lorieta has kept her earnings
consistent. Her daily earnings range from 500 pesos to 1,500 pesos on average. These profits show that
her efforts have been successful because they enable her to maintain and steadily expand her business.
Lorieta credits careful preparation and resource management, constantly concentrating on optimizing
her profits without sacrificing quality, for her financial success.

Lorieta provides clear and helpful advice to would-be business owners: "Know how to
maximize the use of money for the business." She highlights the significance of making wise financial
decisions, especially when it comes to budgeting and reinvesting in the business's growth. Lorieta
asserts that smart financial management and resource allocation are essential to sustaining a profitable
company. Her experience serves as a reminder that anyone can be successful in the field of
entrepreneurship if they have perseverance, prudent money management, and a growth-oriented
mindset.

III. DOCUMENTATION (PHOTOS)

 Republic of the Philippines
BATANGAS STATE UNIVERSITY
The National Engineering University
Alangilan Campus
Golden Country Homes, Alangilan, Batangas City, Philippines 4200
Tel Nos.: (0 43) 425-0139; 425-0143 local 2121
E-mail Address: [email protected] | Website Address: http://www.batstate-u.edu.ph

College of Engineering – Department of Electrical Engineering

Mandigma’s Sari-sari store

IV. INTRODUCTION

53-year-old businesswoman Fhely Mandigma makes her living mostly from her sari-sari store,
which she has been operating since 2019. Her neighborhood now relies heavily on her little business to
supply essentials and convenience items. Despite the difficulties, Fhely's store is still successful and her
family is supported by her commitment and dedication.

V. DISCUSSION (INTERVIEW)

Fhely Mandigma, 53, is the owner of Mandigma's Sari-Sari Store, a small but successful
sari-sari business. Since its founding in 2019, this side project has grown to be her main source of daily
income, allowing her to support her family and maintain her financial independence. Even with its
hidden location close to the Sorosoro Ibaba Development Cooperative, Fhely's business is still a
community center, providing necessities to customers who depend on its accessibility.

Depending on the volume of business, Fhely's profits can range from a minimum of 500 pesos
to a high of 1,000 pesos every day. Despite the challenges presented by the store's remote location, her
commitment to her business has allowed her to consistently generate profits. Her determination in
conquering the obstacles to her store's exposure has enabled her to build up loyal customers in the
neighborhood.

Her guidance for prospective entrepreneurs is based on experience and prudence. Fhely wants
to give people who are starting their own enterprises the lesson that lending money without strict terms
can lead to financial issues. She says, "Be careful of those who borrow money from you because they
might be the cause of your downfall." Fhely uses her experience to highlight the value of financial
responsibility and earning protection in order to maintain stable and sustainable business growth.

VI. DOCUMENTATION (PHOTOS)

 Republic of the Philippines
BATANGAS STATE UNIVERSITY
The National Engineering University
Alangilan Campus
Golden Country Homes, Alangilan, Batangas City, Philippines 4200
Tel Nos.: (0 43) 425-0139; 425-0143 local 2121
E-mail Address: [email protected] | Website Address: http://www.batstate-u.edu.ph

College of Engineering – Department of Electrical Engineering

Cresenciana’s Puto

VII. INTRODUCTION

A 49-year-old businesswoman named Cresenciana Macuha started her own tiny puto making
business. In 2018, she started her search by learning how to make puto using internet instructions. A
quick learner, Cresenciana became an expert in the field and made a successful business out of her
newly acquired talent. Her dedication is now well-known in the community because of her commitment
and the abilities she developed with the help of online learning.

VIII. DISCUSSION (INTERVIEW)

This motivated businesswoman's journey started with a straightforward goal: to make delicious
foods for her family. She made a variety of sweets every day and gave them to her loved ones. Her
family drove her to pursue her passion as a business after noticing the excellence and appeal of her
designs. She turned her kitchen into a small production hub with their continuous support, hoping to
serve not just her family but also the larger community.

At first, the profits were not large; they could be as little as 500 pesos or as much as 2,000
pesos, depending on how many orders she brought in. This unpredictability emphasized how crucial it
is to develop an audience and adjust to market demands. Her profits increased along with her reputation
in the community, which gave her the freedom to reinvest in her company and broaden its offers.

As she considers her journey, she gives insightful advise to aspiring business owners: "Focus
on the things you want to do because, in the future, it will bloom." This approach has helped her
overcome obstacles and confirms the idea that pursuing one's passions may result in success. Her
experience serves as a motivational reminder that anyone may realize their dreams if they are
committed to the process and have a clear vision.

IX. DOCUMENTATION (PHOTOS)

 Republic of the Philippines
BATANGAS STATE UNIVERSITY
The National Engineering University
Alangilan Campus
Golden Country Homes, Alangilan, Batangas City, Philippines 4200
Tel Nos.: (0 43) 425-0139; 425-0143 local 2121
E-mail Address: [email protected] | Website Address: http://www.batstate-u.edu.ph

College of Engineering – Department of Electrical Engineering

Moreno’s Sari-sari store

I. INTRODUCTION

The 45-year-old married Myrine Moreno started her entrepreneurial adventure in 2003 when
she made an important choice to launch a sari-sari store. With her first child barely a year old at the
time, Myrine wanted to establish a means of income that would sustain her family and bring
convenience to her neighborhood. She started something fresh while managing the responsibilities of
motherhood, setting an example for her family that would teach them the value of tenacity and hard
work in the future.

II. DISCUSSION (INTERVIEW)

When Myrine Moreno opened her sari-sari business in 2003, she started on her entrepreneurial
path. The company made a little profit at first, beginning with 500 pesos. But Myrine's commitment to
offering top-notch goods and first-rate customer support quickly paid payments. Her earnings rose to
5,000 pesos as she adjusted to the demands of her community and developed connections with them.
This expansion was due to more than just her dedication; it also showed how well she could connect to
her clients and comprehend what the market needed.

Myrine faced difficulties that put her resolve to the test as her firm expanded. Being discerning
about the people around her was one of the most important skills she learned. For any business,
networking is crucial, but Myrine discovered that not everyone was looking out for her best interests. A
few people she had once regarded as allies accidentally brought about losses that affected her business.
She learned from this experience to exercise caution and carefully consider the people in her life,
making sure that she was surrounded by reliable and encouraging people.

Myrine reflects on her experience and shares some insightful advise with the future business
owners: "Be careful of the people around you because they might be the cause of your loss." This
guidance emphasizes the value of having a solid support system and the necessity of protecting one's
goals and resources. Myrine's experience serves as a reminder of the value of perseverance, community,
and awareness as she keeps facing the difficulties of being an entrepreneur.

III. DOCUMENTATION (PHOTOS)