Wanted: More Pinoy Entrepreneurs
May 28, 2008 by annamanila
Thirty years ago – maybe more – we have been said to be on the verge of some industrial take off or other. We were up there in the Asian economic totem pole third only to Japan and Singapore.
The take off never happened. Did we run out of gas, suffered a flat tire, got derailed by infighting?
The signposts are alarming. Many of our women still dream of going abroad to be mail-order brides, to be singers and entertainers, or to take domestic and “care-giving” jobs most of the locals — Americans, Europeans, etc. — wouldn’t touch with a ten-foot pole.
Our men possibly fare better, but not too much better. Many train to become engineers, technicians and skilled artisans; but once they get some minimum experience locally, they take off for some job abroad, draining our country of the skilled human resources it needs so badly for its own oft-postponed “take-off.”
The social costs of Pinoys leaving home in pursuit of the American dollar are unquantifiable. We see them all around us — broken homes, split marriages, unsupervised children dropping out of school and turning to drugs and other vices or entering into relationships for which they are not ready.
Many concerned Filipinos have wearied of trying to study what’s wrong with the country or the national psyche.
They just want action — an action plan that is doable or, to use the technocrat’s term, SMART (specific, measurable, attainable, realistic and timebound).
There may be very few action plans smarter than a national entrepreneurship campaign – a campaign for independent, job-creating, income-producing entrepreneurship — where all sectors can close rank for.
In communities where entrepreneurs abound, the population stay rather than migrate, roads and infrastructures are built, social and educational services are improved, commerce booms, and the quality of life rises. Enterprise begets more enterprise, progress begets more progress.
This is why President Arroyo is trying to implement the “A Million New Entrepreneurs Program” as the centerpiece of her economic agenda. Taking the cue, local governments have set up their own local enterprise promotion programs.
This is also why entrepreneurship subjects have been infused into the curriculum at both high school and collegiate levels.
… and why industry associations, civic clubs, and even religious groups have joined the “small business” bandwagon.
… and why this little corner makes a pitch for entrepreneurship.
And the pitch is addressed to you, kababayan/katoto/kapwa-Pilipino — whether you are a salaried employee, a housewife bored or hardpressed making ends meet, a graduate who can’t find a good job, a retiree, an OFW, or an expatriate Filipino.
The next pieces in this corner will discuss more about the advocacy for entrepreneurship, the entrepreneurial personality, starting a business, improving a business, and entrepreneurial role models.


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Entrepreneurs,
Useless, lazy, or corrupt government employees & tax/import laws make it impossible for a small business venture to take off.
I was in the process of importing used motorcycles from Japan to sell in Metro Manila. The business plan would have created 5 jobs for local employees and provided safe and reasonably price motorcycles to consumers.
Next comes the most outrageous protective tax law on the planet; it must have been written by a senator who owns a car or motorcycle dealership. No matter how old the vehicle is, it will be taxed at a rate no less than 50% of the new cost of a 5 year old vehicle. For example, I have a 1998 motorcycle that cost 250,000 peso when it was new. A 2003 version of that motorcycle cost 300,000 peso. So right from the start I have to pay at least 150,000 peso in tax on a 10-year old motorcycle if customs approves the 50% valuation. Then throw on another 12% VAT & 45,000 peso in overhead and I have to try and sell a 10-year old bike for 225,000 just to get a 5% profit. I would have not problem just paying the 12% VAT, but the other part of the law just does not make sense.
I could make more money selling a perfectly good motorcycle for scrap metal to a Chinese steel company.
Articles like this do not bring to light all of the problems caused by the Philippine government. A market has to be free and open for small business to work.
To Felix Pellosma,
Government policies and the way they are enforced can often dampen entrepreneurial initiatives. Even if programs are well-meaning, the implementation leaves much to be desired, leaving an impression of a government at cross-purposes with itself. A later article will discuss government support issues like red tape, corruption, and the need to reexamine laws that are not conducive to enterprise promotion and development.
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Some Pinoys with capital and want to venture into business here are discouraged by the red tape in securing permits and the bribes they have to shell out to expedite their papers. Plus the city hall employees who would bug them and sell things or push for their own suppliers….Or worse, teach them to be a smuggler (for importers) to evade paying huge taxes.
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