‘Entrepreneurs must have common sense’

ONE of the country’s most prominent inspirational speakers and business consultants stressed the importance of common sense among entrepreneurs, especially those have been losing many times

Francis Kong, at the sidelines of his recent speaking engagements in Bacolod City, said business persons incurring losses in several enterprising ventures should have the common sense to stop grieving and mourning.

Kong suggested that those undergoing difficulties in their business operations need to sit down and start thinking and analyzing what went wrong.

Common sense is very important for entrepreneurs, he said, adding that one should ask “is it because I am embracing a dying industry.”

There is also a need for business persons to recognize the possibility of never having managerial skills. Or, think if it is because the competition is killing them.

But of the many questions enterprises should reflect to, Kong said, “do they have technology?”

In his talk during the Globe myBusiness Academy at SM City Bacolod earlier this week, Kong emphasized that if enterprises are not using technology, they will die.

Kong pointed out that in a business competition, if one has a technology, the other without is lost by default.

“Once they have learned these things, even though their businesses fall, the failure is no longer a failure but tuition instead,” he added.


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