Three Challenges Of Entrepreneurs In The Philippines

Three Challenges Of Entrepreneurs In The Philippines

The previous couple of weeks virtually in all places I go be it coffee shops, boards, or informal conversations, I often encounter somebody or a bunch expressing the difficulties in doing business within the country. Is this coincidental or was I just getting aware? At any rate I made a decision to begin writing and enumerating to avoid duplicity. I do encourage readers to affix as we explore solutions.

Number 1: Authorities Licensing and Permits: entrepreneurs complain on how tough it is to use or renew with sure native authorities units. All the while I thought President Aquino has ordered the streamlining of government transactions. In equity there are cities, which are known for efficient transaction. It makes somebody really feel like being in a private office. So what can we do right here? I really feel we have now to get more individuals to return out within the open, categorical and establish the place these LGUs are giving difficulties to the entrepreneur. I always imagine that to complain is one other thing but to do something offers us more the ability to achieve results.

Number 2: Prohibitive Rental Rates and other clauses in Malls: this comes virtually as a tie with the above. There is no doubt that doing enterprise 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 nonetheless are feeling a bigger intensity of "OUCH" with rental rates and different incidental charges. Can there be an sincere to goodness dialogue between Entrepreneurs and Mall Operators? Hear out every other. Let us keep away from squeezing the entrepreneurs dry to the bone. I always consider that transparency achieves a synergistic relationship. A mall operator can initiate an effort with their tenants. Unless I'll have missed such event, does anybody know if there is one held or initiated? Sometimes I want there's a mall operator whose coronary heart is for the tenants first before profits. It hurts to see a newly opened store and after six to 12 months show signs of losing cash, which ultimately gets boarded up with a tag "For Lease".

Number 3: Manpower: There are numerous who have no 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 individuals who are usually not just doing menial tasks. They're in need of people who have the fitting attitude and disposition in life. Oftentimes, there's lack of focus or seriousness on the work. Well with the presence of smartphones and Internet, efficiency has been affected. One entrepreneur was complaining he would typically catch his office employees always online in social media like Facebook or doing SMS to friends. The necessity of using people is a necessity unless we've got robots already in place. Nevertheless anybody wanting a job has to exert effort in being constant and serious 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're on OJT (On The Job Training) are monitored if they are getting the proper exposure and related to their courses. Finally this a big improvement as before 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 but for the others the challenges maybe are part of being an entrepreneur. I think we'd like not be complacent if we want our country to achieve progress. From what I was taught by my mother, grandparents and lecturers, 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 among Asian countries. A small achievement every day is a lot better than just taking no motion at all. The president of the country can't be anticipated to do everything. We've to pitch in. Can we due to this fact say, "It is more fun to do enterprise within the Philippines?" without butting an eye?

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