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Saturday, July 30, 2011

Removing Difficulties/Barriers to Doing Business in the Philippines

The myriad of things that the entrepreneur has to mind prior to putting up the business:  inputs, processes, market, financials, customers, quality, price, delivery concerns, are too many and disheartening enough. And formidable.  Now add difficult and byzantine procedures and regulations of the government especially the local units.. The perception is that they are made difficult and takes long because:  a facilitation resource, or a person is needed.  Certain considerations must be made so that the documents will move to the next station so that somebody will sign.  etc. etc.  PHP for every signature as SOP, CIA etc. ( as for a cell site, certifcate of occupancy)

This is even made worse by the local government code where the barangays are given high authority. Another level of delay and red tape is added. Thats another level of consultation fee; lakbay aral donation. This is how it looks to a Filipino entrepreneur.  This is the reality.

For a foreigner does it look promising and inviting?

Hence, foreign investors flock to other countries where it is easier to do business.  Would we believe that Philippines lag behind ASEAN countries in entrepreneurship?

The President"s honesty and desire to rid the present bureaurcracy of crooks is a good start.  But the real work is in streamlining gov't processes in dealing with businessmen and entrepreneurs.  If not changing the mindset of those who are in those offices.

"Every generation needs a revolution an ENTREPRENEURIAL REVOLUTION."

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