Help for Would-Be Entrepreneurs

After finding out about the free briefing sessions offered by the Department of Trade and Industry, I explored their website to see what other services they offered entrepreneurs or those who are still on the planning stage.  It was a pleasant surprise that to learn that DTI has business counselors who provide free counselling services to would-be or existing entrepreneurs. To those who have no time to visit any of DTI’s MSME Centers, there’s a host of resources available in the website that can be downloaded to guide you in planning and starting your business.

Starting a Business

The Start Your Business section includes downloadable handbooks to help you brainstorm on a business idea.  If you need help creating your own Business Plan, there’s a sample available and a thorough explanation on how you can identify the factors that are critical to your business.   The most helpful information I found here are the downloadable files for various business ideas such as Beauty Salon, Herbal Bath Soap, Water Refilling Station, and various food products.  There’s a handy business primer for each business type that details how much investment one needs to start the business, computations of product costs and projected income, and even suggestions on where to borrow capital for your new business venture.

Micro, Small, and Medium Enterprise (MSME) Centers

I haven’t been to one so I can’t tell how helpful they really are but from the information in the DTI website, you can apparently get free business counseling from MSME Centers nationwide.

MSME Centers provide business consultancy and advisory services; MSME information brochures, newsprints, and business reports; assistance in preparation of feasibility studies and business plans; and coordination of entrepreneurship and management training.  They also facilitate business name registration and  business linkages between buyers and suppliers.

These services would indeed be very helpful to those who want to start their own businesses this year.  If you are a would-be entrepreneur, do go to www.dti.gov.ph for more information on how to set up your own business.

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