SPECIAL REPORT ON ENTREPRENEURSHIP

To Prof Jorge SaguinsinSubmitted by

Arlene A.PanganibanMarch 25,2014

THE ABUNDANCE FORMULA

ByBO SANCHEZ

INSPIRATION OR MENTOR

Bill Gates- Steve Jobs Dean Pax Lapid, Manny Pangilinan Bible- Live Mentor

THE AUTHOR-BO SANCHEZ

 Bo Sanchez is a best-selling author,, entrepreneur, preacher and lay minister in the Philippines. He is known as the "Preacher in Blue Jeans". He was born in July 11, 1966 in Caloocan City . He started giving talks at an adult group at age 13. He has published around

27 books and 7 magazines. In 2006 he was a recipient of The Outstanding Young Men (TOYM) award for Community Service. In 2007, he received the Serviam Award, the highest award that can be given to a lay practitioner, from the Catholic Mass Media Awards. He publishes a magazine known as "Kerygma" which was translated into a television show at RPN 9 ..

He is the founder of one of the religious communities in the Philippines, the Light of Jesus . The community, as of 2013, has 3,000 members in the Philippines and the rest of the world. Through this, he founded two gatherings, the annual inspirational convention Kerygma Conference (which was founded on 2006)and the weekly fellowship and worship The Feast.

BO IS AN ENTREPRENEUR

Lost 18 million before his business started to succeed.

Now manage 12 successful businesses Supports 9 ministries Is an author , writer, communicator,

preacher Visible on TV, internet, radio, magazine

and in person traveling around the world

THE ABUNDANCE FORMULA

Jesus spoke about money more than any other topic. Out of 57 parables, more than half were about money

When you earn money, it’s not the money that’s important. It’s who you become through the process of earning money.

CORE INGREDIENTS TO GROW INCOME

MINDSET- consciousness of wealth. Many competent people don’t have the consciousness of wealth. They have the scarcity mindset. They need to enlarge their psychological wallet and increase their money comfort zone.

The story of the fish in the glass walled aquarium The invisible wall is inside you that holds you up.

Your past, your hurts, fear, what people say haunts you as a wall.

Is money evil? Do you think it fits you to be rich?

CORE INGREDIENTS TO GROW INCOME

Theory of “The Secret” – The story of Jim Carrey happened to Bo

COMPETENCY -financial literacy.

Lotto winners and rich kids? NBA superstars ,Scottie Pipen with 120 million career went bankrupt.

CHARACTER – the most important value of all. Money is a magnifying glass. It doesn’t bring anything to the table. It simply magnifies what is already there.

BIBLE

“If , then , you have not been faithful in handling worldly wealth, how can be trusted with true wealth” ( Luke 16:11)

How you handle your money reveals who you really are….

“Do not neglect your gift”( 1 Timothy4:14) –determination, perseverance on your core gift

“ Do you see a man skilled in his work? He will stand before kings” ( proverbs 22:29)

BIBLE

The story of Christ and the apostles- when they couldn't catch fish, Christ wanted them to move deeper and throw their nets again—Differentiation

What brought you where you are now will not bring you to where you want to go.

The story of the three servants that were given gold before the master left

BIBLE

The 2 servants doubled the gold but 1 servant kept the gold sacred it will get lost…the master replied ”You wicked and lazy servant”

(Matthew 25: 25-26)- Profit in encouraged and investing is encouraged in the Bible.

In some religious circles, profit business and selling are frowned upon.

Its not about money, serve right with love and the universe will come kneeling at your feet.

BOOK CONCLUSIONS

The only way for blessings to flow into your life is if you give. This is the law of the universe.

Questions: Tithing? Bo has been tithing since he was

13 years old. The only way to keep your wealth is to

give it away.

LAST REWARD

Whatever you give is an eternal investment. “Provide for yourself purses that don’t wear

out, and save your riches in Heaven where they will never decrease” ( Luke 12:33)

Bo said “Even if I wasn’t budgeting why was I still getting richer? I realized why- simple budget of the abundance formula.”

10-20-70 ABUNDANCE FORMULA !!!!

OTHER TOPICS TO STAY WEALTHY

Invest in the future, before the present. “Everything reproduces according to its

kind” (Genesis 1:11)- means love produces

love, money produces more money. ( money begets money?)

Create wealth for your old age. Many wealthy people grow old poor.

Building wealth is overtime.

OTHER TOPICS

The secret of wealth is to keep you wealth to reproduce on its own.

Plug the hole of materialism- by simplicity “When it comes to possessions, I’ve

reached my “happiness point” Anymore possessions wont make me happier”

Delaying gratification works. Lastly enjoy your 70% wealth specially

with people that matters

THANK YOU