• Introduction by Jimbo Owen Gulle
    from Entrepreneur Philippines Magazine, June 2009

     biz_CI.jpg

    (Entrepeneur.com.ph ) For less than P10,000, one can start a spiced-ham or bottled-food business, a t-shirt company can get off the ground with under P25,000 in capital, about P50,000 should be enough to get a shoe factory up and running, and one can start a travel and tours agency for just P100,000.

    No matter what business the aspiring entrepreneur has in mind, it's been proven that a little cash can go a long way, and most Filipino business owners know this by heart.

    Indeed, according to the latest statistics from the Department of Trade and Industry, 97 percent of all registered businesses in the country are micro enterprises, or those with under P3 million in assets. And this obviously doesn't take into account the thousands of other businesses in the "underground economy"--those that operate without government licenses and don't pay taxes on their incomes.

     

    Read the full article on entrepeneur.com.ph

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