The Henry Sy Story Short Summary

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Henry Sy, also known as Sys Chi Sighing, was born in 1923 in a small village in Southern China. His father was a trader seeking economic opportunities and moved the family to the Philippines when Henry was twelve years old. From a young age, Henry had a strong drive to succeed and overcome poverty through hard work and frugality. He attended the Anglo Chinese School and later enrolled at Far Eastern University to improve his entrepreneurial skills. Henry started his business by selling cheap American shoes and eventually opened his first store, Shoe Mart, which became very popular. He then went on to create the largest franchising mall in Southeast Asia, the SM Department Stores. Throughout his life, Henry believed that success was a combination of hard work, good credit standing, opportunity, readiness, and timing, and that it would not last if not taken care of.

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On December 25, 1923, a boy named Sys Chi Sighing was born on a small village in Southern China. His father was a trader seeking opportunities for a place where economic progress was bright and promising. Back then, the Philippines was the country that had this special distinction that’s why he migrated. He later followed his Dad and migrated to the Peskiness at the age of twelve.

Since then, Sys Chi Seeing only had one goal in life: “The will to strive or excellence and to overcome the harsh environment of poverty through the discipline Of hardwood and frugality. ” Sys was enrolled at the Anglo Chinese School at the age of јlevel. Throughout history, his business life was always marked by risk and luck. During World War II, the unforgettable tragedy happened in the Philippines. In 1946, their shop was plundered into ashes and rubbles. Then his father simply went back to China without any second thoughts. But he never gave up and decided to stay.

He began returning into business by peddling cheap American shoes. To improve his entrepreneurial skills in the buy and sell trade, he later enrolled at the Far Eastern University in 1950. He also considered the change of his legal name into Henry Sys after obtaining Philippine citizenship. Then he took up the opportunity by setting up a shoe store where he named it “Shoe Mart” along Carried Street. The store soon became very popular until one store expanded into three outlets but he soon noticed that his business was just a small scale cottage industry which was very limited.

Because of this dissatisfaction, he decided to create meeting new and better. At this point of his life, he already began his journey towards climbing up his own mountain, the biggest franchising mall in whole southeast Asia, which is the well-known Shoemaker(SMS) Department Stores. “There is no such thing as overnight success or easy money. If you fail, do not be discouraged; try again. When you do well, do not change your ways. Success is not just good luck: it is a combination of hard work, good credit standing, opportunity, readiness and timing. Success will not last if you do not take care of it. ”

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