Presented by: DTI-10

Lanao del Norte Provincial Office

What do you see?

What do you see this time?

ENTREPRENEURSHIP

PROFITABLE

LONG-TERM

RESULTS

OPPORTUNITY

RESOURCES

ACTION

Is the act of creating,

building and growing a

business enterprise.

ENTREPRENEURSHIP

Have unlimited opportunity to make money

Be your own Boss

Tap your creativity

Ability to overcome challenges & feel fulfilled

Able to Help Others

Build a legacy

Risk of Failure

Unpredictable Business Conditions

Long Hours of Work

Unwanted or Unexpected Responsibilities

DO YOU WANT TO GO INTO DO YOU WANT TO GO INTO BUSINESS? BUSINESS?

PROCESS FLOW:STARTING A SMALL PROCESS FLOW:STARTING A SMALL ENTERPRISESENTERPRISES

Self-Analysis: Are You Entrepreneurial?

Considering Other Factors

Determining Your Product/Service Line

And Type of Business

Writing a Business Plan

Determining Your Financial Requirements

Getting Your Business Started

Hiring/Training Personnel

Registering Your Business

Choosing the Site/Location

Of Your Business

Seeking Sources of Capital

Factors to ConsiderFactors to Consider

Self AnalysisSelf Analysis

1.1. Personal InterestPersonal Interest

2.2. Knowledge/TalentsKnowledge/Talents--should be attuned to your should be attuned to your chosen line of businesschosen line of business

3.3. Training/Work ExperienceTraining/Work Experience

4.4. Financial CapacityFinancial Capacity

5.5. Government Support/Assistance ProgramsGovernment Support/Assistance Programs

6.6. Rate of Growth of BusinessRate of Growth of Business--consider market consider market trends, business growth & market share.trends, business growth & market share.

7.7. Other Considerations Other Considerations –– return in terms of return in terms of income, employment generation, services, and income, employment generation, services, and the likethe like

Starting a Small BusinessStarting a Small Business

What is the best business to go into?What is the best business to go into?

Look for products, processes or services that you Look for products, processes or services that you know somethingknow something

-- start with what you know and what you have.start with what you know and what you have.

Identify business opportunities Identify business opportunities –– observe observe developments and trends in the economy, society; developments and trends in the economy, society; political, ecological, & technological events.political, ecological, & technological events.

-- It will greatly affect your decision on what It will greatly affect your decision on what

products or services to offer.products or services to offer.

Determining Your Product/Determining Your Product/ Service LineService Line 1. Product Industries 1. Product Industries –– manufacturing manufacturing your own product or serviceyour own product or service 2. Process Industries 2. Process Industries –– initial operations on raw initial operations on raw

materials; milling, cutting, woodcarving, materials; milling, cutting, woodcarving, etcetc 3. Subcontracting Industries 3. Subcontracting Industries –– subcontracting the subcontracting the

manufacture of components, supplies..manufacture of components, supplies.. 4. Service Industries 4. Service Industries –– repair & maintenance shops,repair & maintenance shops, printing, etc.printing, etc. 5. Trading Business 5. Trading Business -- retailingretailing

Choosing the Site/location of Your businessChoosing the Site/location of Your business

1.1. Know the population of the trading area Know the population of the trading area –– determine the purchasing power of the determine the purchasing power of the populationpopulation

2.2. Study the competition Study the competition –– who is your who is your greatest competitor in the area?greatest competitor in the area?

3.3. Study the location’s accessibility Study the location’s accessibility –– is the is the store close to store close to jeepneyjeepney & bus and other & bus and other transport facilities? Parking areas? transport facilities? Parking areas? Accessible to customers, employees and Accessible to customers, employees and yourself?yourself?

Be in business for the RIGHT reasons. . .

Be honest with yourself

Your Motivation. . . . .

The MSME Sector is the country’s main engine of economic

growth

SME Centers

NERBAC

Industry Clustering Program

One Town, One Product (OTOP) Program

DTI-CARP Program

Business Information

Advisory Services

Access to Financing

Trainings

Marketing/Market Devt

Trade Fairs, Trade Houses

PRIORITY PROJECTS

Priority Industry Clusters

1. Bamboo

2. GDH (Gifts, Decors and House wares)

* SPIN (Sub-contracting Partners for Innovation)

* Water Hyacinth

* Abaca

3. Coco Coir

4. Rubber

5. Seaweeds

6. Tourism

7. Processed Foods & Nuts

* Coffee

* Other Food Processing

One is never too old to become an

entrepreneur. - Julie Gandionco, Founder of Julie’s Bakeshop

Entrepreneurs are discovered and

developed…not born.

- Vivienne Tan, Executive Chairman of Entrepreneurs

School of Asia. Asia’s only college dedicated entirely to

Entrepreneurship Education and Development.

.

Other Agencies involved .

Mayor’s permit

SSS

BIR

PhilHealth

BOI

.

Mayor’s permit

SSS

BIR

PhilHealth

BOI

.

Mayor’s permit

SSS

BIR

PhilHealth

BOI

.

Mayor’s permit

SSS

BIR

PhilHealth

BOI

.

Mayor’s permit

SSS

BIR

PhilHealth

BOI