Three Challenges of Entrepreneurs in The Philippines

The previous couple of weeks nearly all over the place I go be it coffee shops, forums, or informal conversations, I typically encounter somebody or a group expressing the difficulties in doing business in the country. Is this coincidental or was I just getting aware? At any rate I decided to begin writing and enumerating to avoid duplicity. I do encourage readers to hitch as we discover solutions.

Number 1: Authorities Licensing and Permits: entrepreneurs complain on how tough it is to apply or renew with sure local government units. All the while I assumed President Aquino has ordered the streamlining of presidency 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 right here? I feel we’ve got to get more people to come out in the open, categorical and establish the place these LGUs are giving difficulties to the entrepreneur. I always imagine that to complain is another thing however to do something gives us more the ability to achieve results.

Number 2: Prohibitive Rental Rates and different clauses in Malls: this comes nearly 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 however 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 may have missed such occasion, does anybody know if there’s one held or initiated? Sometimes I wish there’s a mall operator whose 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 shedding cash, which ultimately gets boarded up with a tag “For Lease”.

Number 3: Manpower: There are many who haven’t any jobs. Unemployment is high within the country. Each time there is a job fair, 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 those who aren’t just doing menial tasks. They’re in want of people that have the correct attitude and disposition in life. Oftentimes, there may be 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 typically catch his office employees always on-line in social media like Facebook or doing SMS to friends. The need of employing folks is a necessity unless we have robots already in place. However anybody wanting a job has to exert effort in being consistent and critical within the conduct of employment. Our academic institutions have begun their drive on the proper molding of their students. I know of a school the place students who’re on OJT (On The Job Training) are monitored if they’re getting the proper exposure and associated 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 could also be an eye-opener to some yet for the others the challenges perhaps are part of being an entrepreneur. I think we want not be complacent if we wish our country to achieve progress. From what I used to be taught by my mom, 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 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 have to pitch in. Can we subsequently say, “It’s more fun to do business in the Philippines?” without butting an eye?

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