Entrepreneur of the Year (2005): Lance Gokongwei

Success stories of Filipino entrepreneurs result to a two-sided domino effect. On the part of the Pinoy entrepreneur, the prestige accompanying the recognition as one of the top entrepreneurs – particularly among the ubiquitous Top Ten list – brings in more business. On the other hand, and more importantly, the story of a successful entrepinoy inspires the aspiring ones.

Among those who honor entrepreneurs is Ernst and Young, through the Entrepreneur Of The Year award. Through this award, one of the world’s leading professional services firms honors the achievements of outstanding entrepreneurs within successful, growing, and dynamic businesses.

In the Philippines, the first Entrepreneur of the Year is Tony Tan Caktiong, President and CEO of Jollibee Foods Corporation. Mr. Tony Tan Caktiong went on to win the World Entrepreneur Of The Year. Then followed the Entrepreneur of the Year – Philippines for 2004, Socorro “Nanay Coring” Cancio-Ramos, founder of National Book Store.

After these two successful Pinoy entrepreneurs, Cebu Air, Inc. president and CEO Lance Gokongwei was named as the 2005 Entrepreneur of the Year Philippines. When asked for words of advice or encouragement for fellow entrepreneurs, Lance Gokongwei mentioned the following:

  • Honesty, hard work, and dedication.
  • Educate yourself in the business.
  • Have a good team.
  • Make life better for the customers.
  • Love what you do. Entrepreneurship is ultimately about passion. It is not about fame or fortune, so the most important thing is that you have to love what you do, through thick or thin, through good or bad, till death do you part.

Read more why Lance Gokongwei had been selected as the Entrepreneur of the Year for 2005. Of course, it helped that he is stepping on the shoulders of a giant – his father, John Gokongwei, Jr. Incidentally, John Gokongwei is also included – together with Entrepreneur of the Year awardees Tony Tan Caktiong and Socorro “Nanay Coring” Cancio-Ramos in Joey Concepcion’s book, NeGOsyo: Inspiring Stories of 50 Successful Filipino Entrepreneurs.

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