Three Challenges of Entrepreneurs in The Philippines

The previous few weeks nearly in all places I’m going be it coffee shops, boards, or informal conversations, I typically encounter somebody or a bunch expressing the difficulties in doing enterprise in 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 join as we explore solutions.

Number 1: Authorities Licensing and Permits: entrepreneurs complain on how troublesome it is to apply or renew with certain 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 efficient transaction. It makes somebody feel like being in a private office. So what can we do here? I really feel we have to get more people to come out in the open, express and determine the place those LGUs are giving difficulties to the entrepreneur. I always consider 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 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 nonetheless are feeling a bigger intensity of “OUCH” with rental rates and other incidental charges. Can there be an trustworthy to goodness dialogue between Entrepreneurs and Mall Operators? Hear out every other. Allow us to keep away from squeezing the entrepreneurs dry to the bone. I always believe 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 is one held or initiated? Typically I wish there’s a mall operator whose 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 ultimately gets boarded up with a tag “For Lease”.

Number 3: Manpower: There are various who have no jobs. Unemployment is high within the country. Every time there is a job honest, I see hundreds queuing even under the heat of the sun or in mall corridors. One point noted is the quality and expertise of manpower. Entrepreneurs do look for many who will not be just doing menial tasks. They’re in need of people that have the suitable 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, efficiency has been affected. One entrepreneur was complaining he would typically catch his office workers always on-line in social media like Facebook or doing SMS to friends. The necessity of employing individuals is a necessity unless we now have robots already in place. Nevertheless 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 publicity and associated to their courses. Ultimately this a big improvement as earlier than students are merely asked to do cleaning the office, preparing coffee and filing papers as their task.

This is article could also be an eye-opener to some but for the others the challenges perhaps are part of being an entrepreneur. I think we want not be complacent if we would like our country to achieve progress. From what I was taught by my mom, grandparents and teachers, it is the duty of every 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 much better than just taking no motion at all. The president of the country can’t be expected to do everything. Now we have to pitch in. Can we therefore say, “It’s more fun to do business within the Philippines?” without butting an eye?

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