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  1. #1
    Chief viclogic's Avatar
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    What are the reasons why Filipinos are discouraged to enter into business?

    What do you think are the reasons why many Filipinos are discouraged to start business and entrepreneurship in the Philippines?

    The following are my own 6 reasons:

    1. Business registration and licensing processes are inconvenient.

    2. Taxation system in the Philippines is burdensome.

    3. Employment offers a more secure income

    4. Filipinos lack financial capital to start their business.

    5. They lack the skills and experience to manage a business.

    6. They cant get the support they need from the people around them.

    Source: http://businesstips.ph/reasons-why-filipinos-dont-start-business-philippines/
    Read business and other related articles at BusinessTips.Ph
    Submit your business listing for free at BusinessDirectory.Ph

  2. #2
    New Member rolland55's Avatar
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    true! specially support from the family.. sometimes though.

  3. #3
    Chief viclogic's Avatar
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    Unfortunately, there is a culture or tradition in the Philippines that children should go to school to become employees and earn stable income. Some people don't encourage business and entrepreneurship because the income is unstable.
    Read business and other related articles at BusinessTips.Ph
    Submit your business listing for free at BusinessDirectory.Ph

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