We are fortunate to have as one of our students the executive assistant of SB Corporation, a govt financial institution under the umbrella of Department of Trade and Industry. Its mandate includes financial inputs, marketing and the like to assist starts and other msme launch their businesses. It is just one part of total package of assistance to entrepreneurs: product design, trade fair and exhibition, export promotion. Then there is quasi public movement: Go Negosyo. The connection at SB Corp is a great resource to the present and past entrep students at AGSB to obtain financing, if financing is the stumbling block to the next big thing.
But SB, which does an extensive risk asset analysis, requires a business plan(so better learn business plan writing skills NOW!) (I hinted if SB can sponsor a business plan writing competition at AGSB.
There is a also that the other side of govt action that seem to block if not hinder growth of entrepreneurship:
delays, bureaucracy, corruption.
Yet despite these, TA (total activity for entrepreneurship) as ranked by GEM (Global Entrepreneurship Monitor) ranks Phil 2nd in the world. First is Peru.
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