WHY IS THERE NO MERCURY DRUG IN SM MALLS?

 HAVE YOU EVER WONDERED? Why?

Henry Sy, Sr. (born December 25, 1924) is a Chinese Filipino businessman with interests in retailing, real estate, hospitality, banking, mining, education including healthcare services. He pioneered the establishment of SM Malls, anchored by Shoemart Department Store and Supermarket earning him the title; the Philippines’ Retail King. He is the chairman of SM Prime Holdings, Inc., the holding corporation for all his business interests in his vast business empire. In 2011, Forbes Magazine listed him as the no. 1 billionaire in the Philippines.
Have you ever wondered why there is no Mercury Drug in SM Malls here in Philippines? well… here’s the story…
Mr. Sy was a very ambitious man. He wanted to get rich more than 2 decades ago. He tried many businesses to get enough income but failed. After trying so hard to make both ends meet; he finally have earned enough money to start a small business.

Something crossed to his mind. He will build a small shoe store. He thought how could he get some customers.

An idea popped out.

He noticed that Mercury Drug, which is big drug store and been to the business for many years, has many loyal customers coming to them. He approached the owner and asked if he can rent and place his small shoe store there even with a very small portion. He was not allowed and got embarrassed even though he asked politely.
Mr. Sy then promised to himself that Mercury Drug will never step in his life when he gets rich. So in 1958, Mr. Sy established his shoe store in Quiapo, Manila, which became SM Quiapo, the first SM Mall, in November 1972.

Now, Mr. Sy is the richest man in the Philippines because of his own will and determination, gaining $5 billion in 2010, amid the global financial crisis. He is also the owner of Chinabank and operator of BDO. Aside from his numerous malls, supermalls and supermarkets in the Philippines, he also owns 6 SM Malls in Mainland China, and 1 SM Mall in Guam.

Now he never lets a single Mercury Drug do business in any of his SM malls. Instead he franchised Watson’s from Hong Kong which became the substitute for Mercury Drug.



*** Another Story: The real story was, Mr. Sy and the owner of Mercury Drug is good friends, Sy was a 'sapatero' in front of the Mercury Drug store (he actually got permission from the owner to do that there). Then one day, Mr. Sy's mother got sick and since they were poor and got no money to pay for the hospital bills, he tried asking the owner of mercury drug, to lend him some money. But the mercury drug owner refused to lend him so his mother died. Ever since that day, Mr. Sy swore to himself that once he got rich, he'll never allow such selfish company be related to him. That's why he there's no Mercury Drug in SM

.(TEAM UNSTOPPABLE INTERNET ENTREPRENEURS)

 

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Education Doesn't Mean A Good Judgement

 There is a story about a man who sold hot dogs by the roadside. He was illiterate, so he never read newspapers . He was hard of hearing, so he never listened to the radio. His eyes were weak, so he never watched television. But enthusiastically, he sold lots of hot dogs. His sales and profit went up. He ordered more meat and got himself a bigger and a better stove. As his business was growing, the son, who had recently graduated from college, joined his father. Then something strange happened. The son asked, "Dad, aren't you aware of the great recession that is coming our way?" The father replied, "No, but tell me about it." The son said, "The international situation is terrible. The domestic is even worse. We should be prepared for the coming bad time." The man thought that since his son had been to college, read the papers, and listened to the radio, he ought to know and his advice should not be taken lightly. So the next day, the father cut down his order for the meat and buns, took down the sign and was no longer enthusiastic. Very soon, fewer and fewer people bothered to stop at his hot dog stand. And his sales started coming down rapidly. The father said to his son, "Son, you were right. We are in the middle of a recession. I am glad you warned me ahead of time."

What is the moral of the story?

1. Many times we confuse intelligence with good judgment.

2. A person may have high intelligence but poor judgment.

3. Choose your advisers carefully and use your judgment.

4. A person can and will be successful with or without formal education if they have the 5 Cs: character

commitment

conviction

courtesy

courage

5. The tragedy is that there are many walking encyclopedias who are living failures.

 Formal education will make you a living; self-education will make you a fortune.
Jim Rohn

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LIFE IS AN ECHO

A little boy got angry with his mother and shouted at her, "I hate you, I hate you." Because of fear of reprimand, he ran out of the house. He went up to the valley and shouted, "I hate you, I hate you," and back came the echo, "I hate you, I hate you." This was the first time in his life he had heard an echo. He got scared, went to his mother for protection and said there was a bad boy in the valley who shouted "I hate you, I hate you." The mother understood and she asked her son to go back and shout, "I love you, I love you." The little boy went and shouted, "I love you, I love you," and back came the echo.

That taught the little boy a lesson that our life is like an echo: We get back what we give. Benjamin Franklin said, "When you are good to others, you are best to yourself.”

 

      

  Our life is simply a reflection of our      actions. If you want more love in the world, create more love in your heart. If you want more competence in your team, improve your competence. This relationship applies to everything, in all aspects of life; Life will give you back everything you have given to it.” 

 

 

 

 

 

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A Short Story - Importance of Attitude

Importance of Attitude

There was a man who made living selling balloons at a fair. He had all colors of balloons Including red, yellow, green. Whenever business was slow, he would release a helium filled balloons into the air and when the children saw it go up, they all wanted to buy one. They would come up to him, buy a balloon and his sales would go up again. He continues this process all day. One day, he felt something tugging his jacket. He turned around and saw a little boy who asked,” If you release a black balloon, would that also fly?” Moved by the boy’s concern, the man replied with empathy.” Son, it is not the Color of the balloon, it is what inside that makes it go up.”

The same thing applies to our lives. It is what is inside that counts. The thing inside of us that makes is go up is our attitude.



A creative man is motivated by the desire to achieve, not by the desire to beat others.
Ayn Rand

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The successful man will profit from his mistakes and try again in a different way.
Dale Carnegie

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