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    Entrepreneurship revolution

    OUR generation and older generations of Filipinos are all familiar with the sight of the early Chinese peddlers in the streets of Manila and its suburbs. Their shoulders weighed down by a meter-long bamboo stick with tin containers at both ends, full of taho and paraphernalia, or tiklis in which to load used bottles of patis and gin or scrap metal.  Others, who were a little higher on the business hierarchy, tended corner sari-sari stores or operated small hardware stores.

    The street peddlers usually wore white sleeveless shirts that had turned brown with sweat and dirt. The store or hardware merchants sometimes wore T-shirts or polo shirts. They were called beho or ponga, not in derision, but because they were different. They showed less concern about looking affluent, like many Filipinos do, than making money, the real proof of affluence.

    We know their stories all too well. Those behos or pongas of yesteryears no longer peddle taho. They are now the producers. And they no longer deal in junk. They manufacture the products that are sold in the bottles they used to buy many years back.

    Yes, those Chinese vendors and others who tended sari-sari stores are now the Philippine tycoons—building malls and skyscrapers, operating banks and running factories here and elsewhere in the world.

    The success stories of virtually all Chinese tycoons can be summed up in just one word: entrepreneurship. Some of them started as salaried employees but quickly threw themselves in the risky, but more rewarding, independent business ventures. True, they lost their shirts in some of their adventures, but their perseverance and hard work carried them to eventual success.

    Most of the prominent tycoons went through hard times before they reaped their rewards. Not many people are capable of going through with what they went through. Fortunately for us, the present times provide us with an opportunity to succeed with fewer challenges and less personal sacrifice than those tycoons used to face.

    Right now everything is hot in the Philippine economy. Unfortunately, only the big companies and investors are benefiting, because most of us still live under a culture of fixed salaries and regular employment.

    Still, this is the perfect time to launch an “entrepreneurship revolution” so that all of us can share in the benefits of economic growth. Local government units, which have been copying each other’s job-fair projects, should shift attention from job generation to entrepreneurship.

    The revolution that I have in mind must start in schools. Our children must learn and live the culture of entrepreneurship. When they graduate (or even before graduation) they would be able to plan and put up their own businesses, instead of lining up for interviews and landing jobs with a fixed salary, but with a very slim chance of getting to a tenth of what entrepreneurs achieve.

    Some government programs encourage entrepreneurship through training and financial assistance. Many Filipinos are already succeeding in putting up and running their own businesses. However, we need to develop and spread entrepreneurship faster and wider.

    Until it becomes part of our culture, we will not become a nation of businessmen. I have drafted a proposed legislation, tentatively titled Young Graduates/Student Entrepreneurship Act, which I hope will help in cultivating a culture of entrepreneurship in our youth.

    Some of the highlights of the proposed measure are:

    §          establishment of a fund to provide small loans and other assistance to young entrepreneurs and graduates who want to go into business;

    §          creation of a body that will integrate existing government programs on entrepreneurship, such as those being implemented by the Department of Trade and Industry, Small Business Guaranty Fund Corp., Department of Agriculture, Technology and Livelihood Resource Center (TLRC) and the Department of Science and Technology; and

    §          mandating and institutionalizing product design and development, technical training and basic accounting knowledge.

    Tycoons of today did not have access to government-financed small business loans, or livelihood training from agencies like TLRC. They had to learn from their mistakes. Today, we can give our youth all the tools and assistance they need to learn and succeed in business. But the first step is to inculcate in their minds the value and necessity of entrepreneurship.

    Let us all launch the “Entrepreneurship Revolution” now! 

    You may send your comments/ feedback to mbvillar_comments@yahoo.com.

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