It is very common today that a lot of people are engaging into business. The government is so focused in attempting to provide assistance to these people who would jump in to the entrepreneurial wagon. There are really a lot of opportunities in the Philippines to embark on to have an enterprise of their own. If only one would just search for it in many government agencies, then definitely they will be able to find a place for themselves, in business. The biggest source for business information in the Philippines is the Department of Trade and Industry.
Jumping into business takes a lot of risk. One will be losing his regular monthly income, will be losing his employee benefit and bonuses come Christmas day. The risk of losing everything you have worked for a lifetime may also be possible in venturing into your business. Very risky indeed! Business on the other hand may also quadruple your annual income from employment which is what is likely to happen if a well planned business is executed.
Business as we know involves capital, skills, land/building and People. Capital is the money you put to start your own venture. If you venture into a restaurant business, then your expertise in cooking will be your skill. Land of course is the venue where you put up your restaurant business and people are the hired employees who would be helping you run the business. Without these 4 pillars, it will be difficult for you to start any venture at all, and obviously these are things that most of the employed class lack. Let me add one more trait for a business adventurer - guts.
The Philippine government is supporting anyone who is desirous to venture into business. They will provide you with loan assistance to start your own venture and we get a lot of successful testimonies of those people who have benefited from these assistance. There are a lot of business ventures also which everyone can pick, these are the food cart business and many other small medium enterprise one can think off. You will just have to be careful that your are talking to legitimate providers as not to be enticed to spend more than what is required, or worse be swindled.
It is really noble for the government to have the initiative to provide assistance to would be entrepreneurs. The only problem I noticed with this set up is that with little managerial experience from these people, the money that they loan from the government, instead of it being a lifesaver, may sometime turn out to be a debt nightmare for them. They will be indebted to the government to the point of losing all because the business they started failed.
We can help these people best if the government has the right facility to gather these peoples resources and pool them together to start a community of entrepreneurs working together as one unit. Similar to how cooperatives work where we pull together the resources to work on one objective. A cooperative (also co-operative or cooperative; often referred to as a co-op or coop) is defined by the International Co-operative Alliance's Statement on the Co-operative Identity as an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise. It is a business organization owned and operated by a group of individuals for their mutual benefit. A cooperative may also be defined as a business owned and controlled equally by the people who use its services or who work at it. Cooperative enterprises are the focus of study in the field of cooperative economics.
Until we don't realize that working together is the only solution to make this country great again, we always be at the mercy of foreign companies and foreign countries to provide us with job opportunities.
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