Pinoy Business Coach

One big windfall from the rating is the possible influx of investments. Foreign businessmen would be lured into looking at various opportunities that the Philippines has to offer. They may also be transferring their regional offices or manufacturing plants to the country, a move that would be a boost to generating employment.

Let me focus on local businesses and examine how competitive they can be vis-à-vis their foreign counterparts.

The micro and small entrepreneurs need to be assisted. It is a fact that majority of our businesses stem from these players. We cannot allow our entrepreneurs to remain now and forever selling at public markets and street corners.

I do salute those entrepreneurs who have gone beyond the parochial mind-set. They believe that with passion, innovation and respect for consumers, they would be able to make their businesses grow.

The Department of Trade and Industry (DTI) has been holding various seminars almost every week for the micro and small entrepreneurs. The Bureau of Micro, Small and Medium Enterprise Development (BSMED), under Director Rhodora Leano, has been hosting these seminars. The speakers for different topics are all professionals. I take time off to honor invitations for me to share my business experience with many participants. I was surprised that  people young and old came to listen and interact. Majority wanted to know techniques on growing and expanding their business.

There is also the Go Negosyo group, which is having “Nego” seminars almost every month at the RFM Auditorium in Mandaluyong City. (Nego is short for negosyo, Filipino colloquial for “business.”) The place is almost standing room only as everybody listens to speakers coming from the pool of Angelpreneurs,  group of entrepreneurs who volunteer to share and talk about their businesses.

There are other groups and companies that  are reaching out, as well, to various  communities. The question I have to ask the entrepreneurs is: Is there willingness on their part to cope and adapt to improve?  We can attend seminars or enroll in graduate courses but  if we fail to cross the bridge and implement what we learn, then we fail and just waste money and time. What matters most to me is not to lose out on opportunities being presented to us. On second thought, we Filipinos are one breed who always excel in everything we do.

*This article is a repost from this original source. This author is one of the principal driving forces to "Mang Inasal". I agree with everything that he said, the business aptitude, experience and education coupled with the right timing and application of proven business principles will enable one to succeed and have a thriving enterprise.