Promoting Entrepreneurship in The Philippines

PROMOTING
ENTREPRENEURSHIP
IN THE
PHILIPPINES
PROMOTING ENTREPRENEURSHIP IN THE
PHILIPPINES
 ORIGINS IN ENTREPRENEURSHIP
 ENTREPRENEURSHIP IN THE PHILIPPINES
 YOUTH ENTREPRENEURSHIP
ORIGINS OF ENTREPRENEURSHIP
RICHARD CANTILLON
 An economist, who in a paper
published in 1775 introduced the
concept of entrepreneurship.
 He observed the activities of
merchants, farmers, and craftsmen
of his time and developed the early
theories on entrepreneurship.
JOHN BAPTISTE SAY ADAM SMITH
 A Scottish economist who wrote about free
 A French businessman
enterprise in his book “Wealth of Nations”,
 He described how the published in 1776, at the dawn of the
entrepreneur is involved in the Industrial Revolution.
exchange of goods for money.  He talked about “invisible hand”, a theory
which consequently influenced the
economic system.
JOSEPH ALOIS SCHUMPETER
 An Austrian-American economist, was one of
the first to study entrepreneurs and the impact
of entrepreneurial capitalism on society.
 “The Theory of Economic Development”, he
believed that innovation and creativeness
distinguished entrepreneurs from other
business people.
 He wrote that innovation and entrepreneurship
are closely intertwined since entrepreneurs
created “clusters of innovations” that caused
disruptive dislocations in the established
business cycles.
ENTREPRENEURSHIP IN THE PHILIPPINES
YOUTH ENTREPRENEURSHIP
PRESIDENT GLORIA
MACAPAGAL – ARROYO issued
E.O. 470 in 2005 which enhanced the
program of “establishing the Youth
Entrepreneurship Program…” which
largely enjoined the active participation
of the private business sector in ensuring
the success of the program.
Vital provisions of this order state that:
“ SECTION 1. Approval of the Youth Entrepreneurship Program (YEP). The YEP as
formulated by the NYC is hereby approved for implementation. The Program, which is
envisioned to develop the entrepreneurial skills of the youth and hereby contribute to nation
building shall have the following components:
a. Entrepreneurship Education, which involves the immersion of the youth in the

principles and ideas around the character, psychological and attitudinal demands of
entrepreneurship, as well as the provision of technical assistance/development of business
plans, starting and managing business enterprises, and other management efficiency
enhancement modules;
b. Credit Assistance and Lending, which involves the provision of information on available
credit and lending facilities in government agencies and the system/mechanism to access
available resources for viable and profitable business proposals;
c. Role Modeling and Mentoring, which involves the exposure of the youth to personalities
in the business community who are worth emulating; establishment of a mentor-apprentice
relationship between the Youth and the Agency, local business club or business personality;
organizing site that can provide venues for interactions; and giving the youth insight on “market
trend”, business opportunities, and new technologies that will improve products, services, and
business operations;
d. Business Plan Development and Training, which involve the provision of technical
assistance such as basic skills training on the preparation/development of business plans,
starting and managing business enterprises. Continuing entrepreneurship education and
competence development activities aimed at improving business operations;
e. Market Syndication and Linkaging, which will link the young entrepreneurs with the
market through the organization of trade fairs and/or business matching activities; and
f. Business Information Network, which involves the provision of continuing information
assistance to young entrepreneurs concerning market trends, other business opportunities, and
technologies that will improve products, services, and business operations through publications
or Internet access.
(From the Speech of Mr. Joey Concepcion, Presidential Adviser for Entrepreneurship)
Mr. Joey Concepcion
The founder of Go Negosyo
GO NEGOSYO
 Is a nationwide movement that promotes entrepreneurship as a
solution to poverty.
 It seeks to be the institution that brings together different people and
resources to create dynamic Filipino entrepreneurs and instill a
thriving entrepreneurial culture.
 It organizes activities such as caravans, summits, seminars, and
mentoring sessions, where business opportunities, business advice,
and inspiring ideas are shared.
 Many young people and students are among the participants of the
various events of Go Negosyo as well as viewers of its television
and radio shows and
 Recently, Go Negosyo published a book entitled “50 Inspiring
Stories of Young Entrepreneurs” which features the
entrepreneurial ventures and adventures of young people.
ENTREPRENEURSHIP
MODELS
Entrepreneurs have been called the new “movers and
shakers” of contemporary society.
HENRY SY: SM
 One of the fifteen Filipino billionaires, as the
Philippine’s richest man.
 The “Father of Philippine Retail”
JULIE GANDIONCO: JULIE’s BAKESHOP
Tony Tan Caktiong
is a Filipino entrepreneur. He
is the founder and chairman of
Jollibee Foods.
Eugenio Gabriel "Gabby" L.
López III
is the chairman emeritus of ABS-CBN

Corporation, the largest entertainment
and media conglomerate in the
Philippines. He is also director and
treasurer of López Holdings
Corporation.
Five Simple Bisaya Questions:
1. Kanus-a nag start ang business?

2. Nganong kini man nga business?
3. Unsa may pinaka kinahanglanon nga Batasan sa usa ka
entrepreneur or business woman/man para magmalampuson ang
iyang business?
4. Ni take risk ba ka Ma’am/Sir sa pagtukod aning business nimo?
Like unsa?
5. Unsay mahatag nimo nga advice para sa mga tawo nga plano mag
tukod og business?
LITTLE THAI KITCHEN
CARREDO’s FAMILY
1. We opened our Thai Restaurant last year, October 2017. It is located at the Ground Floor of Soho
Mall, B. Rodriguez St. Since then, we also opened satellite shops at Sugbo Mercado, IT Park and
Booth Camp near USC Main.
2. Our family lived in Thailand for 20 years before we came back for good. Our daughter who was
born and raised there had a hard time adjusting to the Filipino dishes. So we tried all the Thai
restaurants here in Cebu but not one suited our taste buds. So we came up with an idea of putting
up our own Thai restaurant so we can develop the dishes to how we remember Thai food taste. We
hired a Thai chef to train our Filipino cook. All our ingredients are from Thailand so our dishes are
as authentic as it could get. So we are proud that everything in our menu were created and
developed according to how dishes tasted back in Thailand.
3. The main attitude needed is perseverance. Putting up a business entails so many challenges but one
has to persevere in order to thrive. Otherwise, when trials come up, it is easy for someone to give
up.
4. Yes, we took a deep plunge when we put up the business. All our savings were invested in this
venture. Being educators, we did not have a background in business. All we had was our love for
Thai food that we would like to share to our fellow Cebuanos. Up to this time, we are still
struggling to make a name and thus, we have not reaped the fruits of our investments yet. But we
have high hopes that we will get there in God’s time.
5. One advise when putting up a business is to study all the possibilities. The location is very
important. Marketing is also a priority in order to reach put to various clients. Lastly, one has to be
passionate about the business so whatever trials and challenges come your way, one will always find
ways to keep it afloat.
1. 2010
2. Patok siya basta summer kay gitukod ni siya pag 2010 nga summer pero wala
mi conflict sa Meltons kay ang tag iya ani kay ig agaw raman sad sa tag iya sa
Meltons maong hapsay ra ang pagtukod ani.
3. Patience and respect sa mga customers labi na ang mga tiguwang (senior
citizen)
4. Katong nag uwan og maayo niya ang tubig kay nisod sa taas niya nagbaha jud.
Katung Yolanda nga bagyo grabe jud to.
5. Make a better decision. Don’t direct sa specific plan without consulting sa
ubang members kay basig ma komplikado ba kung wala joy tarong nga plano.
Baby Jean Tolin

Grade 11 Pardo Senior High

Promoting Entrepreneurship in The Philippines

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PROMOTING

a. Entrepreneurship Education, which involves the immersion of the youth in the

is the chairman emeritus of ABS-CBN

1. Kanus-a nag start ang business?

Baby Jean Tolin

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