CROSSING THE POVERTY LINE: THE CHALLENGES OF STARTING A BUSINES…
Angie Latuhan
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Posted Jun 12, 2023
This blog highlights the need for government support in providing resources to entrepreneurs, particularly those in poverty.
Starting a business in the Philippines is undoubtedly challenging, especially for the poor. Capital is a huge obstacle, and it's often difficult to accumulate enough money to start even a small business. It's a sad reality that most Filipinos are living in poverty, and the cost of living continues to rise with high inflation rates. Every day, people struggle to provide for themselves and their families, and the thought of starting a business seems almost impossible.
The difficulties don't stop there. Rent is another significant challenge for entrepreneurs, especially those who are just starting. Rent prices in prime areas are extremely high, and it's often impossible to find a suitable location at a price that is affordable for those living below the poverty line.
Starting a business in the Philippines also requires a lot of patience and perseverance. There are numerous obstacles to overcome, such as bureaucracy and the lack of government support. Entrepreneurs are left to their own devices, often without any guidance or support, to navigate through the complexities of the business world.
I believe that the government should do more to help those who are living in poverty to cross the poverty line by providing support and resources to start their own businesses. They should also invest in infrastructure and education to provide better opportunities for the future. By doing so, the government can create a more prosperous society and reduce poverty levels, which will ultimately benefit the country's overall economy.
In conclusion, starting a business in the Philippines is not for the faint-hearted. It requires a lot of hard work, determination, and a little bit of luck. But, for those who have the drive and the passion to succeed, it can be a rewarding experience. If the government can provide support and resources to help entrepreneurs, especially those who are living in poverty, we can create a better future for everyone. So, to the government, I plead with you, please help us cross the poverty line.
