Unlocking Potential: The Boardroom Experience for Future Entrepreneurs
At Go Negosyo, we believe in transforming education by bridging the gap between classroom learning and real-world business. Our initiative, The Boardroom Experience, invites select senior high school students from public schools to engage directly with business leaders. This program immerses them in discussions about entrepreneurship, leadership, and innovation, providing insights that can shape their future careers.
Why the Boardroom Matters
How many Filipino kids actually step inside a corporate boardroom?
Very few.
This unique opportunity allows students to interact with CEOs and gain firsthand exposure to the corporate world. It’s not just about sitting in a fancy chair; it’s about understanding the dynamics of business and the skills needed to thrive.
Empowering Students Through Immersive Learning
The Boardroom Experience is designed to enhance learning through:
- Direct Interaction: Students engage with seasoned entrepreneurs and industry leaders.
- Real-World Insights: Discussions cover everything from market strategies to crisis management.
- Skill Development: Participants learn how to pitch ideas and navigate business challenges.
We want these young minds to explore what lies beyond school. Is the corporate world their calling, or are they destined to become the next wave of entrepreneurs? Both paths are valuable, and our aim is to help them discover their strengths.
What Students Ask: A Window into Their Minds
During one session at RFM headquarters, I was struck by the curiosity of the students. One asked what RFM stood for, leading to an engaging discussion about the company’s history and evolution. I explained that RFM stands for Republic Flour Mills, which initially focused on flour milling but diversified into a variety of food products.
- Brands like Selecta: We partnered with Unilever to create the leading ice cream brand in the market.
- Market Dynamics: We discussed how joint ventures work, the importance of market share, and how to face competition.
This type of dialogue not only informs students about the business world but also inspires them to think critically about their futures.
Bridging Generational Gaps in Marketing
These students grew up in a digital age, so I shared how marketing used to be done before smartphones and social media:
- Traditional Media: TV, radio, and newspapers were the go-to platforms.
- In-Person Promotions: Supermarket sampling was essential for gathering feedback and promoting new products.
By contrasting past and present marketing strategies, students gain a broader understanding of how business adapts to changing environments.
Lessons from Failure: A Real Talk
One question that came up was whether I had ever experienced failure in business. I shared the story of the Asian Financial Crisis and how it impacted RFM and many others.
- Crisis Management: We talked about debt restructuring and how interconnected financial markets are.
- Pandemic Challenges: I related these lessons to the recent pandemic and its effects on businesses.
The takeaway? In business, challenges are inevitable. They shape your character and resilience.
The Reality of Entrepreneurship
I stressed that not every entrepreneur finds success. There are more stories of failure than success. This is crucial to understand because:
- Learning from Mistakes: We often overlook failures, but they offer invaluable lessons.
- Character Development: Facing adversity builds problem-solving skills and a calm mindset.
The Mindset of a Successful Entrepreneur
When asked about the essential traits of entrepreneurs, I emphasised the need for optimism:
- Problem-Solving Attitude: You can choose to see challenges as insurmountable or as opportunities for growth.
- Practical Steps: In tough times, I advised them to:
- Pray for guidance.
- Think and work hard on solutions.
Finding a Mentor: A Vital Step
I shared my belief that mentorship is invaluable. Here’s how to find the right mentor:
- Choose Wisely: Surround yourself with positive influences.
- Build a Network: Engage with people who inspire you and can provide support.
Starting with a job in a company allows aspiring entrepreneurs to gain vital experience before launching their ventures.
Passion: The Driving Force
Ultimately, what we can’t teach is passion.
- Intrinsic Motivation: The desire to succeed must come from within.
- Resilience and Drive: These are the qualities that set successful entrepreneurs apart.
Conclusion: Empowering the Next Generation
The Boardroom Experience is about more than just education; it’s about empowerment.
By exposing students to real-world business practices, we equip them with the tools to make informed career choices.
As they step into their futures, I hope they carry the lessons learned in the boardroom with them, ready to tackle whatever comes their way.
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