Top 3 Reasons Why Filipinos Are Not Into Business
Some of us are not born in a wealthy family, and we are awakened by our parents,
neighbors, and teachers that being an employee can make you rich and successful. In our
childhood days, we usually heard from elders to finish study to get good employment.
They said it can ascend us in poverty. But the truth is that very few people got well off
through income derived from being an employee. So getting into business is an
effective and efficient way to become prosper in life.
There are many Chinese-Filipinos who become successful through investment and
business. Reading their inspiring or rags-to-riches stories encourage us to give a
chance to step into ventures. But despite promising prosperity in business, many
Filipinos are incompetent and unwilling to make that happen. Let’s talk about the
possible reasons why many of us chose to be employed than owning a business.
SHOWING A LITTLE INTEREST OR PASSION IN BUSINESS
Particular TV shows highlight successful business-minded people and families that can
really inspire us to go through the way. Schools are where we start to think, grow, and
dream of our future. They thought us how to start and do business but do not
explain why we should do it. Students are generally trained to become employees and
not as owners or employers. If we talk about business, we Filipinos are less active and
engage in this topic. We are more contented in making side-line projects, gigs, and full-
time jobs. In reality, a business idea is just confined in conception or dream and less
on making it happen.
In some institutions, they became open and vocal in encouraging young people to
explore new things and think outside the box for creating and owning a business. But it
would still be a big challenge to get students in entering an event for ventures and
capital in starting their own business ideas.
WE ARE DEVOTED IN STABLE AND REGULAR JOBS
When the time we finished studies, our first goal is to be an employee and paid regularly
by working eight (8) hours per day. Who doesn’t like having a job with doing the same work
routine and less vulnerable to danger or risk? Being an adult is not easy; we have our
expenses and bills to pay such as electricity, rentals, food, and also our entertainment.
Having a regular job ensures that we are capable of living and can sustain our needs
and wants. Aside from monthly income, we are also looking forward to occasional
bonuses every middle and end of the year.
This is the biggest reason why employees are not interested in starting a business, since
they have their stable jobs.
OUR FINANCIAL OR CAPITAL IS NOT ENOUGH
We think that business requires more financial resources. Yes, maybe your money is
sufficient enough to start a business, but there are many ways to make it possible.
Putting up a business can be tough especially here in our country, where corruption and
fixers are the major problems. For business or venture to grow, we need to provide a
proper business plan and strategy is significant.
If you are lacking capital or finances in starting a business, here are tips that may
help with your concerns.
Loans in government institutions or private banks.
Seek help in different business sectors.
Find a good business partner that may help you in financing the business.
Are you planning to have your own business? We can help you to figure out what
business you may start right now.
We will introduce you to the hex of business through franchising. We are conducting free
seminar and food tasting for the interested clients.
Send us a message.