Concepcion says Pinoy’s entrepreneurial spirit is fruitful – Manila Bulletin

With 81% of Filipinos interested in starting their own business, Joey Concepcion, the founder of Go Negosyo, announced on Sunday, January 8, his long-time advocacy for entrepreneurship. expressed elation, saying, “It continues to bear fruit.”

He cited a recent study by OCTA Research conducted in October 2022. The survey reported that 81% of Filipino adults would prefer to go into business if they had enough knowledge.

According to the same survey, 80% of the A, B, C, and D tiers are interested in starting a business, and 74% of the E tier are also interested in starting a business.

“We are pleased to see the efforts of the past 17 years continue to bear fruit. A recent survey by our friend OCTA Research found that most Filipinos are willing to enter the I found that more than half recognize the advocacy that I and the Go Negosyo team have been promoting,” Concepcion said. in a statement.

“Building small business optimism and willingness to engage in the economy is critical,” he added.

The founders of Go Negosyo were appointed by President Ferdinando “Bonbon” Marcos Jr. as the leader of the Job Cluster of the Private Sector Advisory Board, which consists of national business sector leaders to provide guidance to the Chief Executive Officer. rice field.

He was also an economic adviser to former President Rodrigo Duterte.

The survey not only showed Filipinos’ interest in entrepreneurship, but 53% were aware of Concepcion and his work at Go Negosyo, a non-profit organization he founded in 2005. I understand too.

Go Negosyo finds that 52% of Filipino adults view them as partners or supporters of small businesses/enterprises, and 47% of Filipino adults view them as teaching them how to run a business.

The survey included 1,200 respondents aged 18 and over, covering socioeconomic classes A, B, C, D, and E.

For Concepcion, the survey showed that Go Negosho and its entrepreneurial push are having an impact on Filipinos.

Since 2005, Go Negosyo has promoted entrepreneurship as a way for Filipinos to escape poverty.

“Some 26 million Filipinos still live in poverty and are unable to meet their basic food and non-food needs – nearly a quarter of the total population,” he said. Concepcion said.

“By providing access to the 3 Ms essential to successful entrepreneurship: mentoring, markets and money, or access to capital, we can increase the number of Filipinos who can build successful businesses and, in turn, more. of Filipinos can be employed.” Share.

Founder of Go Negosyo As a leading proponent of Micro, Small and Medium Enterprises (MSME), the founder of Go Negosyo believes that SMEs are still the backbone of the country’s economy and can improve the lives of many. I’m here.

He said MSMEs account for more than 62% of job creation, so helping the country’s MSMEs grow would create more jobs across the country.

Over the years, Go Negosyo’s mentoring program has benefited tens of thousands of active and aspiring Filipino entrepreneurs.

Among its projects are the highly successful mall-based free mentoring roadshow 3M on Wheels, structured training for active entrepreneurs in collaboration with the Department of Trade and Industry (DTI) and the Department of Agriculture (DA), For example, the regular Facebook Live Show Go. His Negoshow offering free mentoring on social media platforms on the Go Negosyo Facebook page.

The company recently updated its Kapatid Angat Lahat program aimed at facilitating the transformation of MSMEs by including them in the value chain of large enterprises.

The program also provides mentorship, funding, and market access to MSMEs. Process and production improvement. business models; digital innovation; capacity building; and new technologies.

Concepcion said MSMEs were adversely affected by the Covid-19 pandemic, but digital technology has helped some companies to turn around and find a more stable base to do business.

He expressed confidence that 2023 “will be a much better year for our entrepreneurs,” boosted by the reopening of the economy.

“I think our growth will continue. I think we will reach a tipping point where commodity prices will fall, probably by the second quarter. will drop, and so will the electricity bill,” he added.