Every parent has their own dream of what their child might be when he or she grows up. If you've ever pictured your little one as one the Philippine's next business magnate (and billionaire!), here are signs that your dreams may just come true:
1. Your child is persistent and doesn't give up easily
Don't give up yet just because your child isn’t at the top of his class Jack Ma, the second richest man in China and founder of online e-commerce giant Alibaba, shares he was “considered to be a bad student.” He told Entrepreneur, “I failed a key primary school test two times, I failed the middle school test three times, I failed the college entrance exam two times.” He got rejected from Harvard University 10 times!
Yet, these "failures" did not discourage Ma from pursuing what he wants. When he really wants to learn something, he doesn’t give up on it. At 12 years old, he taught himself English by riding his bike for 40 minutes every day to a hotel where he volunteered as a tour guide to foreigners to practice the language. Talk about dedication!
2. Your child is a problem-solver
Take Mang Inasal’s Injap Sia for example who, at 8 years old, like think of ways to make a job easier. It was his job at his parents' grocery store to repack candies and sugar into smaller bags for retail selling. “We used a candle to seal the repacked bags one by one,” reads Life Principles by Injap Sia.
“Upon my suggestion, we started to use an electric sealer for the plastic bags — it was a small change (and it was perhaps less fun than working with a candle), but that little tweak improved our work.” Injap Sia opened the first Mang Inasal when he was just 26 years old, and in 2016, was the youngest dollar billionaire in Forbes Asia’s list of wealthiest.
3. Your child has good people skills
Her sociable ways have made her a lot of friends. She gets along well with her classmates and with other adults. It’s a skill every entrepreneur should have if she wants to become successful, says Ma.
Emotional intelligence, or the ability to understand other’s emotions and connect with people, is even more important than IQ. “If you want to be successful, you have to have great EQ (emotional quotient). No matter how smart you are, if you never know how to work with people, you will never succeed,” Ma shared.
4. Your child knows how to motivate and inspire people
In other words, she has leadership qualities that shine through even at a young age. In the children’s book Nanay Coring: The Story of National Book Store’s Socorro Ramos, it reveals that the chairman of the country's leading bookstore was aready a great boss as a child.
Socorro Ramos was a working student who took small jobs to pay for her studies. One of the jobs she took on was unwrapping tobacco. The story reads, “My boss paid me five centavos to unwrap each package of tobacco. There was a lot of tobacco to unwrap, and I knew my friends wanted to make some money too. So I hired them to work for me. I paid them two and a half centavos for every package they unwrapped. We made a lot of money that summer.”
5. Your child is maparaan
Sometimes her pilyo ways have gotten her into trouble, but later in life, her tenacity to find ways to solve a problem may just become her secret weapon to success. Did you know Injap Sia won a car from a contest as a young man, thanks to his maparaan ways?
The contest was done via text and every text message sent was counted as an entry. He made computations and deduced that he had to send in a certain number of texts both day and night to reach top five. But, of course, he had to sleep. So, what did he do? He approached a classmate and told him, “I’m going to join [this contest]. I propose that you do the texting at night, and I’ll pay you 200 pesos a day. If I win I’ll give you a cellphone of your choice.” Injap Sia got the car, and he still has the newspaper clipping that announced his win.
6. Your child hoards books by the bucketload
He not only hoards them, but he always has his nose buried in their pages! John Gokongwei, Jr., founder of JG Summit and the second richest Filipino in 2016, according to Forbes Magazine, told The Philippine Star, “I started reading at an early age. Aside from books, I subscribe to magazines and newspapers.” He mentioned more than a dozen titles including the National Geographic, Wall Street Journal, Bloomberg Businessweek, Forbes and more.
And to whom John Gokongwei, Jr. attribute his love of reading? “My mother and father encouraged me to read,” he shared.
So, you think your child has what it takes to become a billionaire?
This story originally appeared on Smartparenting.com.ph.
* Minor edits have been made by the Entrepreneur.com.ph editors.