Archive for August, 2007

The E-Factor (Part 2)

Thursday, August 30th, 2007

Last week’s column talked about the e-factor and how it is important to have a healthy mix of academic framework and experiential learning when it comes to entrepreneurship. Close to 30% of the successful entrepreneurs I featured last week studied in the best schools in the United States, while others studied in the Philippines, also in good schools. However, some excelled in school while others barely made the passing mark. This shows that the educational background can be a good advantage but may not be the sole determinant. The right character, attitude and values in being a successful entrepreneur are learned even outside the school system, from mentors, from experiences (both good and bad ones) and from exposure in actual business projects.

It is definitely a huge plus to come from the best schools here and abroad but realistically, over 65% of the youth go thru the public school system and more than half will not make it to college. What future do these young people have? How can we help them especially those who possess the right attitude and creativity to become successful entrepreneurs? This is where Go Negosyo wants to focus on. We want to reach out to those who possess the creativity, passion and determination to become successful entrepreneurs most especially those who are in need of mentors. As we unleash the spirit of enterprise, we must help empower and guide them on how to start and grow their business. What kind of mindset is needed? How can they search, screen and seize opportunities? How can they be different and better than the others, and not just be another “me too” type of business that can only give false hope with little chances of success?

We see this around us where businesses with exactly the same products gather in the same street or area – the sari-sari stores, tiangges, lechon manoks, grills, the so called sweet corn along Katipunan and many more. They can only drive down their prices and margins, and so mortality just goes up. Perhaps, they can start developing new business models, or an innovative and better product offering to differentiate from their neighboring business. One can offer them to explore what other products or services would complement the existing businesses in the area, or what are the unserved or underserved demand in the area. Example, a street with car wash services might be a good area as well for barbers shops/ salons or coffee shops that can service same customers, or healthy food stores/ resto and spas can be located beside gyms and sports centers.

In our hope to empower and inform our kababayans, we have developed different channels of communications to reach to as many aspiring entreps as possible. Right now we have the Go Negosyo Bigtime TV show on RPN9 every Monday at 10:30pm that features different business categories every episode. Go Negosyo Bigtime is a hip, fast-paced show on entrepreneurship which generally caters to the young people and those who are young at heart. Eventually we will have a Go Negosyo channel to provide constant negosyo lessons over TV and also make it available via internet. We are also coming out with a How-to Go Negosyo book to help people who want to start and grow their own business. There is always the gonegosyo.net website that we have loaded up with information and tools, as well as a feature that will allow anyone to ask for business advice from our registered mentors. We have also converted the site to allow creation of your own business website for the other web visitors and buyers to see, plus a forum to exchange ideas and information within the Go Negosyo community. We are also continuing with our caravans of forums and expos which hopefully can also give our kababayans, especially the youth that seed of hope and ignite a spark for them to pursue their own entrepreneurial journey. A reminder to join us in next week’s Go Negosyo sa Manila on September 7 at 9:30 am at the Philam Theater at UN Ave. Manila. All schools, especially in Manila, are invited to take advantage of the presence of Go Negosyo entrepreneurs/mentors. Meet and greet them and ask them for business advice. As always, admission is free and advice from experienced and successful entrepreneurs is also free. You can also meet the selected inspiring entrepreneurs from Manila who will be given due recognition on that morning.


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Let me share with you the insights of the top negosyo educators/ mentors on entrepreneurship education:
What is the best way to teach entrepreneurship?

The best way to teach entrepreneurship is thru experiential learning wherein the student is exposed to actual situations in running a micro enterprise. Concepts can be taught in the school curriculum but it should be enhanced thru actual entrepreneurial exercises. The concepts taught in the classroom are better appreciated by our students when they see these concepts are actually being applied.
Sec. Jesli Lapus (Secretary, Department of Education)

Learning how to run a business is like learning to ride a bike: you can’t learn it by reading about it; you have to actually get on the bike and start pedaling. The best way to teach entrepreneurship is to get the students to actually practice entrepreneurship even while still in school. If students do not go beyond creating business plans in school, then entrepreneurship becomes no more than an academic exercise for them— business plans are merely school requirement that stay on the shelf after graduation.
Rudy Ang (Dean, John Gokongwei School of Management, Ateneo De Manila University)

Under the general concept of entrepreneurship, it is observed that the following underlying qualities are present in people who are said to be entrepreneurs: creativity, capacity to evaluate and take risks and the capacity to innovate and “operationalize” one’s creative ideas. Entrepreneurial education should focus on enhancing these three qualities in the candidate entrepreneur. Aside from these qualities, there are a set of general competencies as well as functional competencies that are expected of an entrepreneur. A good entrepreneurial education should be able to address any deficiencies in the candidate as far as these competencies are involved. Needless to say, an entrepreneurship graduate should be well versed in the general management areas of Marketing, Ethics, Accounting, Quantitative Tools, Organizational Behavior and Theory, Human Behavior, Business Planning, General Information Technology, etc.
Joe Navarro (Director, Entrepreneurial Management Program, School of Management, University of Asia and the Pacific)

The best way to learn entrepreneurship is from an entrepreneur. At The One School, this is called Mentoring. While case studies are important there is no substitute from learning from someone who has at some point in his/her life put money on the line in a start-up venture. Also, another component of successful entrepreneurship education is that teachers bother to get to know the students as human beings. Small schools are better at this than big schools for obvious reasons. Entrepreneurship is finding the genius in oneself and starting a business around it. In environments where Mentors and students have a lot of close-in interaction it is easier to help students find their passions and create businesses around these.
Lex Ledesma (One School)

The best way to teach entrepreneurship is through experience. Students must learn by running enterprises in increasing degrees of complexity. Learning events should allow them to discover problems and develop problem-solving approaches on the spot. They learn to face life challenges or problems to which there may not be one correct solution.
Angie Resurreccion (Old Balara Christian Community School)

Entrepreneurship should be taught through mentorships, “real-world” models and creative problem solving. At the MI International School, Dr. Howard Gardner’s definition of intelligence which is “to problem solve and create products valued in one or more cultural setting” becomes part of applying their mathematical skills and people skills in the context of entrepreneurship. Children try to use their intelligences and passions to create products and services that are relevant to them and their families. By making the world their classroom, it empowers children to unleash their creativity.
Joy Abaquin (Directress, Multiple Intelligence School)

The E-Factor

Thursday, August 23rd, 2007

For the next 2 weeks, this column will talk about entrepreneurship education in the Philippines. Can running a negosyo really be taught and is a diploma important as one graduates in an entrepreneurship course? What is the right approach in teaching entrepreneurship? More and more schools have started to include entrepreneurship in its curriculum with CHED Memorandum Order 27, mandating all higher education institutions to offer entrepreneurship programs. DEPED has also required the inclusion of entrepreneurship as a subject at the high school level, in an effort to start our students young with the concept of entrepreneurship.

Recently, I also met with the top entrepreneurship professors from the Asian Institute of Management such as Andy Ferreria, Ed Morato, Jay Bernardo, Tommy Lopez and Danny Antonio. I know all of them quite well as I had been interacting with the academic community, being our partners in this advocacy. We usually discuss how negosyo is being and should be taught in school. These professors who I know are entrepreneurs by heart and have different ways in developing entrepreneurs probably found it difficult to fit in an AIM structure so they moved on to run the Asian Center for Entrepreneurship (ACE) program. I am told a happy solution was reached where they purchased ACE and gave AIM a seat on the Board. Now I am told they are going to be a part of a reality TV show similar to “Fab 5” and do makeovers for negosyos. That would be an interesting format. But more importantly, these “Fab 5” have seen a golden opportunity to reach out to the general public and elevate the awareness and understanding on entrepreneurship. In doing this, they will use their negosyo talents to complement what the other schools are doing in offering an entrepreneurship program.

Even Lucio Tan’s famous daughter, Vivienne Tan, a trustee of PCE whom I have known for some time, is pursuing a mission to teach negosyo. She has put up the Entrepreneurs School of Asia which only teaches entrepreneurship. As the negosyo fever gets stronger, more and more schools will put greater emphasis on entrepreneurship in its curriculum.

Some schools and institutions have started to give more attention in harnessing the “e-factor” of students. During our student years some decades ago, I would say schools were more rigid in sticking to standard curricula with little or no weight at all in developing the e-factor. In fact, a number of very successful entrepreneurs today are not at all embarrassed to say that they did not do well in school or were even drop-outs. Typical examples are some of the richest men on earth like Bill Gates and Steve Jobs. In the Philippines, there are the very inspiring and successful entrepreneurs like Fred Yao of the Zesto group, Nanay Coring of National Bookstore and Rey Lapid of Lapid’s Chicharon. And funny I myself who is involved with the brightest professors in town and leading a crusade on Negosyo have yet to get my diploma form La Salle with one subject, Quatech to go. My good friend Ricky Razon, who also had to transfer from La Salle to Aquinas for his high school studies, started working at a young age in the North Harbor and learned from his father the ropes in running a port operation business. The International Container Terminal Services Inc. (ICTSI) today under the leadership of Ricky has almost a billion dollars in market cap. Talk about someone who did not excel in school.

This is not to say that school is not important. There are also a number of leading CEO’s and successful entrepreneurs who excelled in their studies and graduated top of the class like Lance Gokongwei who graduated summa cum laude with a double degree from University of Pennsylvania, and named 2006 Entrepreneur of the Year. There is Jaime Augusto Zobel de Ayala who is an Economics cum laude graduate from Harvard and Paco Sandejas whom we call the “nerd IT entrepreneur” who graduated summa cum laude from UP with an MS and PhD from Stanford University and Dennis Mendiola of Chikka Asia who graduated summa cum laude from the University of Pennsylvania and graduated with MBA in Harvard. Gaita Fores of Cibo finished Magna Cum Laude from Assumption and passed the CPA, Ray Gapuz, a summa cum laude nursing graduate of UST, French Baker’s Johnlu Koa who is a cum laude and MBA from UP, Chowking founder Robert Kuan from UP Business school and an AIM MBA outstanding alumnus, Gov. Lray Villafuerte who topped his Political Science class in La Salle, celebrity Paolo Bediones of 1-Tech group who was a Deans lister from Ateneo, Richie Cuna of Fiorgelato who was a consistent honor student from San Beda with post graduate degree from Ateneo and Pennsylvania State University and Myrna Yao of Richwell who is a Dean’s lister from UE Business and Masteral school. We also have Illac Diaz of My Shelter Foundation who is an MIT graduate and is currently pursuing a post-graduate degree in Harvard’s Kennedy School of Government.

There are also other successful entreps who fared well in school like Vivienne Tan from University of San Francisco, Myla Villanueva from Sta. Clara University, Chit Juan from UP, Vicky Belo from UP and UST Medicine school, Philippine Brand Mango’s Justin Uy from University of San Carlos, Bobson Jean’s Victor Tan from PSBA, Island Souvenir’s Jay Aldeguer from Ateneo, Ronald Pineda of Folded and Hung who graduated from UE Dentistry, Lisa Gokongwei from Ateneo and Columbia University for journalism post grad studies and Level-Up’s Ben Colayco from New York University.

We can say that school plays a very important role, but more than the standard curricula, attention must be given to courses and activities that can develop the “e-factor”. Schools should help in harnessing your “e-factor” or I would say the mindset, the attitude and character of being entrepreneurial, even if in the end, you do not end up as an entrepreneur. As I always stress, entrepreneurship is a mindset, a positive can-do winning attitude, always looking for growth opportunities and better ways of doing things. He is someone with a clear vision of where he will bring his business idea, with strong passion to grow, to excel and be the best that he can be considering all his strengths and weaknesses. He is continuously searching, screening and seizing opportunities, harnessing creativity and is always in search for innovations to fill in gaps in the market… I guess these are the common traits of successful entrepreneurs and individuals, whose e-factors are either in-born or have been harnessed fully in school, and by mentors and, more often than not, through experience.

I would say that the e-factor is a character present in many of us, stronger though for some, while needing enhancements for others. Education and training are therefore vital to bring out the best of these entrep qualities in a person. Schools and institutions can provide the necessary framework, techniques and tools, but must also provide the needed exposure to actual projects and ventures, and interaction with other entrepreneur-mentors, which the Go Negosyo advocacy on the other hand, is trying to gather and be made accessible to the public.

That is why we continue to encourage those who have been successful entrepreneurs to give back and share to the society their time and talent and be the source of inspiration and to be a mentor to give advise to the thousands of aspiring entreps in the country in our drive to become an entrepreneurial country, hopefully a few years from now.

On a final note, let me pose a question: “What is the best way to teach entrepreneurship?”, and we shall have this answered by top Negosyo educators/mentors next week.

High Anxiety

Thursday, August 16th, 2007

Over the past few days, a number of friends and column followers have been asking me on the right thing to do as some people see the world markets collapsing and how sub-prime loans will affect us in the Philippines. I did touch on the subject a few weeks ago where I mentioned that the issue may have limited impact on enterprises as our general economic fundamentals are solid and only a few financial institutions have insignificant exposures to those instruments. However, what we now see is a roller coaster ride on the market as some global and local investors are a bit more careful but are still in selected safer investments. The Philippines has gone thru the Asian crisis and a lot of banks have been very strict in lending. Not helping the situation also were new scams that unfolded such as the Francswiss and the Performance Investments Products Corporation (PIPC) that victimized a lot of wealthy Filipinos.

Let me share with you the views of well known economist and finance expert Romeo Bernardo, who in the past was a bit pessimistic about the Philippine economy and is now quite bullish. In his paper, together with Marie-Christine Tang, published at The Global Source, he cited the “relative political calm and improved macroeconomic fundamentals as good combination that may enable the economy’s growth pattern to take on a more Asian character, (i.e., a more extended period of high growth). At the center of the current growth story (6.9% for the first quarter of 2007) is the growing remittance inflows from over 8 million OFWs, which has benefited the balance-of-payments picture and contributed to the Pesos’ continuing strength. Remittance inflows posted a compounded annual growth rate of 11% in the last 10 years to 2006 and comprise over 10% of GNP in the first quarter of 2007. According to the report, these income flows have been driving not only consumption growth but also investments in housing and deepening of financial markets as new savings and investment products aimed at capturing more of these flows, have developed.

Another factor that contributed to a good run are the recent high profile investments (e.g. purchase of Mirant Philippine assets for $3.2 billion by Tokyo Electric/Marubeni, $1 billion investments of Hanjin in shipbuilding, Texas instruments $1.8 billion) suggesting improved business confidence. The private sector has also started to increase its manufacturing capacity (75% capacity utilization for Jan-May 2007) after a decade of low investments. The government’s improved tax collection efforts also significantly improved primary surpluses and the government is expecting revenues from some upcoming asset sales (e.g. PNOC, SMC, FTI) that will offset the P48 billion revenue shortfall.

The other day I also invited Vinci Zaragoza together with some trustees of the Philippine Center for Entrepreneurship hopefully for him to support the Go Negosyo advocacy and shed light on what is happening in the world markets. Vinci Zaragoza is an esteemed investment banker based in Monaco who now runs his own pension fund of about USD 400million. He put up one of the first discount brokerage firms in the world, ViZa International and worked as a consultant for Swiss Bank International and Pension Fund, a company he has put up to pursue his first love, which is funds management, while financing various films once in a while. He also organizes the Monaco Film Festival, an activity which helps to raise funds for war and poverty stricken countries like Oman and Iraq.

What was good to hear from Vinci was that while the markets will remain volatile, he said that the central banks of the world will not allow the banks to go bust and that he sees a lowering of US interest rates and the continued support to create liquidity. In the end, the markets should recover.

I think the benefit for the Philippines is that the fourth quarter should be good and we should end with a record close in the index far better than last year. People should know how to invest in the markets specially stocks and bonds and not just join the band wagon just because everybody else is investing. They have to be very selective. While the markets have corrected, one can come in gradually and either invest on reputable stocks or funds, but perhaps trading daily so that one can average out the entry cost. The time to come in is now but gradually.


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After the successful caravans in Cebu, Bacolod and Baguio, Go Negosyo is continuing to spread the entrepreneurial revolution. Next stop is Go Negosyo sa Manila on September 7 at the Philamlife Auditorium in UN Avenue where we hope to gather over 1,000 Manileños who are in pursuit to learn and be inspired to become entrepreneurs. As with the other caravans, we are also going to award the most inspiring entrepreneurs in Manila which is not an easy task since Manila is known to be the birthplace of the country’s most successful businesses. Go Negosyo caravan will proceed to other key cities/provinces all over the Philippines. We will also be going to Pampanga on September 20, Quezon City on September 28, Cagayan de Oro City on October 19, Makati City on November 9, Binondo on November 16, Batangas City on November 23, and finally in Pangasinan on December 7.

Those who share our vision and advocacy to spread the good news and a mindset of entrepreneurship around the country, please don’t hesitate to join us or partner with us to make these efforts truly successful, and help make this country move forward.

It Is Better to Light a Candle than to Curse the Darkness

Thursday, August 9th, 2007

Last Thursday, the Makati Business Club and the Management Association of the Philippines (MAP) awarded Namfrel for its efforts in restoring democracy and protecting the people’s votes for the last 23 years. My father who is more known as Joecon founded Namfrel in 1983 because he was tired of seeing the rights of Filipinos violated and the economy controlled by only a few of Marcos’ cronies.

I was still an apprentice in RFM at that time, when the country’s situation was clearly taking a turn for the worse, I vividly remember asking my dad what he had in mind to help fight this dictatorship and restore democracy. He said he was working on something that would help the Filipinos rediscover their courage. The National Citizen’s Movement for Free Elections (Namfrel) was born with the help of concerned civic, professional, business, religious and community leaders such as Ting Jayme, Ting Paterno, Teresa Nieva, Bishop Antonio Fortich, Hilario Davide, Christian and Winnie Monsod, Vicky Garchitorena and Gregorio Atienza, among many others. Namfrel became the rallying point for the church and the private sector to band together and guard the ballot with their life. When Marcos called for snap elections, my father had to travel all across the country to mobilize Namfrel and I remember having a scary experience riding around with him, with bodyguards from all sides ready to shoot. Even in those dangerous times, a lot of Filipinos still joined the Namfrel movement and volunteered to poll watch.

For the first Operation Quick Count, it was a great sight to see the La Salle Greenhills Gym filled up with volunteers from all over the nation, people who were happy to be Namfrel volunteers. This was to me the start of Filipinos gathering courage and taking control of their destiny even if it meant sacrificing their lives. This was to me the start of Filipinos deciding to light their candles rather than cursing the darkness.

In a way Go Negosyo has that same vision as Namfrel, not to guard the ballots or restore democracy, but to bring Filipinos to light their own candle for their economic future and that of the nation. Rather than curse the economy or their situation, lighting the candle means taking control of their own destiny and doing something that will lead into a better future for themselves and our nation. The spirit of hope must be encouraged thru the inspirational stories of the countless entrepreneurs who have done well and who believe that nothing is impossible. In the end, it is a mindset change that we need as a nation. What Namfrel has started in a way has some similarities with some of the most influential advocacies of today such as Gawad Kalinga led by Frank Padilla and Tony Meloto, helping people light their own candle of hope.


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The Go Negosyo fever is spreading even to telecommunications companies as Globe SME launches their Masigasig campaign which promotes entrepreneurship via opportunities using the mobile, voice, and broadband products and services. They have a Masigasig magazine and a weekly TV show of the same title every Saturday at 6:30pm in QTV where they feature both successful and start-up entrepreneurs. PLDT on the other hand subsidizes computers for their business broadband subscribers so entrepreneurs can utilize the advantages of going broadband. Through their free pc program, PLDT has given away 7,000 computers to SMEs. The big brother-small brother approach is what will bring a greater support towards a Go Negosyo climate. Those larger corporations whose stock price or IPO’s have raised cash thru the market can truly help the nation as they create business opportunities for the SMEs. The band wagon must continue and so should the excitement. Banks must lend to more MFIs and rural banks so they can in turn lend to microentrepreneurs. Globe, in partnership with the government’s Microfinance Program Committee, also launched Micro Asenso! Text Facility, a service that leads you to the nearest microfinance institution in your area. In cities nationwide, you can locate an MFI by texting the following: “MICRO FIND NAME of CITY” Send to 2973 or in the provinces,“MICRO FINDNAME OF PROVINCE comma NAME of TOWN” Send to 2973 or “MICROHELP Send to 2973.

We have also heard good news about the impact of Go Negosyo especially in Cebu where we had the first leg of the caravan. According to Jay Aldeguer who was our co-chair for the event and the CBM 2007 Entrepreneurship Conference Chairman, “It’s been almost 2 months since the Go Negosyo launch in Cebu and the spirit not only continues to linger but has spurred strategic action from different sectors. The schools for instance have held mini Go Negosyo forums, the chamber has also set up local business councils in town, and CHED has also stepped up entrepreneurship advocacy in schools. But most of all, it is the students of different schools that have been most motivated. I spoke to a professor at St. Theresa’s College, Ms. Mayette Pastrano, and she says that half of her class have already engaged in some form of business since the Go Negosyo event. The university of San Jose Recolletos for instance under their president, Fr. Anthony Morillo, OAR, just inaugurated their business resource center, again inspired by Go Negosyo.”

In the end, this is what our Go Negosyo advocacy would like to see, to have that optimism and can-do attitude, to experience a spark within ourselves to embark on an entrepreneurial journey, to pursue their dreams. A Go Negosyo spirit among Filipinos will start lighting the many candles of hope around the nation.

Are the Good Times About to End?

Thursday, August 2nd, 2007

any people are saying that with the market in the USA crashing due to concerns in the sub-prime loans and weaker US housing market and I guess the ballooning US budget deficit because of America’s support for the war, what will make things worst is a continued stock market drop. Can America afford a collapse in the housing and stock market? Some analysts believe America is headed for that, which will lead to a recession.

While the Philippines is just about to enjoy the fruits after so many years of agony, and as the stock market brokers are about to buy their new BMWs, Benz and Porches, the stock market likewise reacted with some corrections. Is the party over? If these events do happen in America, will this be the end of the good times that has just started for the Philippines? Definitely not for as long as we don’t get all too greedy and push our own stock and property market to values that will lead to another collapse. Eventually, whatever happens to America will always affect us but in the end if Asia’s economic fundamentals are strong we will dechain from America’s downtrend.


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We were in Baguio over the weekend for the second edition of Teen Negosyo and were luckily greeted with good weather. This is something unusual for Baguio since rains are normally expected this time of the year. As usual, we had again a full house of 2,500 students and teachers, who poured into the streets outside Benitez Hall in Teacher’s Camp. It felt good walking in, feeling the message of Go Negosyo has slowly crept in these past few months. Almost everyone has heard about Go Negosyo and wanted to meet the entrepreneurs many of which were saying “Baka mahawahan ng kayamanan nila”. Well in a way it’s true. Brother Mike uses the panyo as a symbol of God’s grace of fortune and maybe the mere presence of these entrepreneurs and hearing them share their stories will inspire the people to become the next millionaires of this country.

Our Go Negosyo book completely sold out in an hour and as orders kept coming in, we had to rush shipments twice from Manila to Baguio. People lined up and got autographs, took pictures with the entreps both those from Manila and those Inspiring Baguio and CAR entreps who were recognized. This is the kind of environment we want to create. Inspiring people is truly fulfilling and if just a couple would become a Narda Capuyan, Evelyn Ibay of Ibay’s Silvershop and Michael del Rosario of Sunshine Grocery, then our objective would have been met.

Both Baguio City Mayor Bautista and DepEd Sec. Jesli Lapus gave very interesting speeches. Mayor Bautista whose family owns University of Baguio and who also taught HRM is running the city of Baguio like a hotel where excellent facilities and quality service are key. I believe Sec. Lapus is on the right track when he mentioned that he gives equal importance to good quality education as well as relevant vocational courses and technical training programs. Yes, we have many people who want to go to college but do they qualify and do we have the infrastructure that can take all of them? What we hope to see are trained and competent Filipinos who are able to pursue their dreams and ambitions in life, becoming productive members of our society. Both Sec. Lapus and I believe that what we need is a mindset change towards equipping the Filipinos with the appropriate education and/or training that will empower them to take on a career or excel in business. I was also concerned with quite a number of questions that were asked, such as why is government not helping? Paolo Bediones told the young man who asked this question to not wait for the government to help you, and that you should help yourself. Ray Gapuz of R.A. Gapuz Review Centers, Ronald Pineda of Folded and Hung, Les Reyes of Reyes Haircutters and Narda Capuyan of Original Ikat Creations also shared that they have never relied on government given that they also started with very limited capital. This is the mindset change that we need. We need to give them hope and encourage them to be independent and rely on their skills and determination to succeed in business. A number of private and government institutions provide these skills and entrep training programs and these information were shared during the forums. These are also made available in the gonegosyo.net and through DTI’s website and hotline.

In the end, this is what Go Negosyo hopes to achieve, to get entrepreneurs to come out and share their stories, give tried and tested business advise and inspire people not to lose hope and to take control of their destiny. As the caravan moves around the country and awards the most inspiring entrepreneurs, we are fortunate to have Philippine Star as one of our major partners as they share our vision that it’s time good news are told. The Go Negosyo advocates such as Victor Tan, Johnlu Koa, Chit Juan and Paolo Bediones, who continue to inspire and share their stories, DepEd CSCA Executive Director Joey Pelaez, Director Adelaida Inton and Ms. Joey Urmeneta of PTTC, Dean Pax Lapid of ESA, Willy Arcilla, Engr. Ferrenal of Southville International School and Colleges, Professor Rudy Ang of John Gokongwei School of Management, Jay Bernardo of AIM, our inspiring OFW entrep awardee Dr. Dayag, Peanut butter entrep and Citigroup awardee Jennilyn Antonio together with the veteran moderator Cito Beltran and the other local entrepreneurs all share their time and talent in spreading the good news on entrepreneurship in Baguio City. May God reward all these people and all those who joined us in giving hope and empowering other aspiring entreps in earlier caravans/forums.

The good times for the Philippines will last for as long as we don’t lose hope and believe that our time has come. To those entrepreneurs who are willing to share their time to join our caravans, please email us at gonegosyo@yahoo.com or thru sms at 09175591245, and send us information on your story.