Three Challenges of Entrepreneurs in The Philippines


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The last few weeks almost all over the place I am going be it coffee shops, boards, or casual conversations, I typically encounter somebody or a group expressing the difficulties in doing business within the country. Is this coincidental or was I just getting acutely aware? At any rate I decided to begin writing and enumerating to keep away from duplicity. I do encourage readers to join as we discover solutions.

Number 1: Government Licensing and Permits: entrepreneurs complain on how tough it is to use or renew with certain local authorities units. All of the while I believed President Aquino has ordered the streamlining of government transactions. In equity there are cities, which are known for environment friendly transaction. It makes somebody feel like being in a private office. So what will we do here? I feel we’ve to get more individuals to return out within the open, express and determine where those LGUs are giving difficulties to the entrepreneur. I always believe that to complain is one other thing but to do something provides us more the ability to achieve results.

Number 2: Prohibitive Rental Rates and different clauses in Malls: this comes almost as a tie with the above. There isn’t any doubt that doing business in shopping malls has advantages. Life for most individuals has included a weekly if not twice visits to the malls. An exemption is when the red label with words “SALE” is displayed hordes just keep on pouring inside. Entrepreneurs nevertheless are feeling a bigger intensity of “OUCH” with rental rates and different incidental charges. Can there be an honest to goodness dialogue between Entrepreneurs and Mall Operators? Hear out each other. Let us avoid squeezing the entrepreneurs dry to the bone. I always imagine that transparency achieves a synergistic relationship. A mall operator can initiate an effort with their tenants. Unless I may have missed such occasion, does anybody know if there’s one held or initiated? Sometimes I wish there’s a mall operator whose coronary heart is for the tenants first earlier than profits. It hurts to see a newly opened store and after six to 12 months show signs of dropping cash, which eventually gets boarded up with a tag “For Lease”.

Number 3: Manpower: There are various who haven’t any jobs. Unemployment is high within the country. Every time there’s a job honest, I see 1000’s queuing even under the heat of the sun or in mall corridors. One level noted is the quality and experience of manpower. Entrepreneurs do look for many who usually are not just doing menial tasks. They are in want of people who have the right attitude and disposition in life. Oftentimes, there’s lack of focus or seriousness on the work. Well with the presence of smartphones and Internet, effectivity has been affected. One entrepreneur was complaining he would often catch his office staff always on-line in social media like Facebook or doing SMS to friends. The need of employing individuals is a necessity unless we now have robots already in place. Nonetheless anybody wanting a job has to exert effort in being consistent and critical in the conduct of employment. Our academic institutions have begun their drive on the proper molding of their students. I know of a school where students who are on OJT (On The Job Training) are monitored if they are getting the proper exposure and related to their courses. Eventually this a big improvement as earlier than students are merely asked to do cleaning the office, getting ready coffee and filing papers as their task.

This is article may be an eye-opener to some yet for the others the challenges perhaps are part of being an entrepreneur. I think we’d like not be complacent if we would like our country to achieve progress. From what I was taught by my mother, grandparents and academics, it is the duty of each Filipino to contribute in making motherland shining again. We did years ago when the Philippines was occupying the top spot amongst Asian countries. A small achievement every day is significantly better than just taking no action at all. The president of the country cannot be expected to do everything. We have now to pitch in. Can we due to this fact say, “It’s more fun to do business within the Philippines?” without butting an eye?

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