For the longest time, being an entrepreneur in the Philippines meant engaging in businesses that bought and resold products, or provided a service in a particular locale, or offering relatively low value-added products and services to an undemanding public.
For the most part, the risks borne by Filipino entrepreneurs looked modest compared to those carried by their Western counterparts – especially in the IT-based businesses in the United States – where most would either succeed or fail in a spectacular fashion.
“That’s why the country is the way it is. There are a lot of people shortcuts here: The easy buck,” says Dado Banatao who chairs the US-based Philippine Development Foundation (PhilDev) of the Ayala group of companies.
To read the full, original article click on this link: Revamping entrepreneurs’ mindsets | Inquirer Business
Author:Daxim L. Lucas
