Starting a business in Iloilo City – very easy (Part-2) PDF Print E-mail
Friday, 06 June 2014 00:00

(This is a continuation of yesterday Pep Talk feature about the free assistance the Iloilo Department of Trade and Industry Office to people interested to go into business.)

The DTI-Iloilo Entrepreneur presentation was able to capsulize a whole business book or a semester business class in one sitting by DTI-Iloilo Senior Trade and Industry Development Specialist Esterlita “Baby” Baddong. And to think, my co-participants were all first timers in hearing the topic. Baddong made it simple to understand for all to appreciate.

There were about 3 or 5 OFWs who don’t want to work abroad anymore, a fisherman who lost his boat due to Typhoon Yolanda, a small sari-sari store owner, and a seamstress among the audience. They learned, I guess, what I have been studying and doing for years! I was really enthralled with the presentation and the positive enthusiasm this DTI business seminar created.

When I asked (as if I don’t know how to do it), where can I seek help to make my business plan. Baddong said the template and example business plan they gave us is easy to follow. Just fill in the blanks, she encouraged. And if we need further assistance, she advised us to go back to their office where their competent personnel can assist us for FREE. This will save money for those who are just starting their business, she said. But she can recommend us to local business consultant entities that do it especially when it involves a big amount or when loaning from a bank. Doing a business plan even a simple one is essential, she emphasized.

Aside from all business related brochures, manual, and hard copy of the presentation they gave us for free, to my surprise, we were able to copy the presentation too in our USB. Normally, business presentation such as this has proprietary rights and could not be copied. This one is different. I surmise this is okay with DTI-Iloilo so the business idea how to start properly can be spread more to others easily.

When I was probed what business I like to go into, I answered I have to assess first. Baddong named what other local and national government agencies in Iloilo City we can approach for help and assistance. Western Visayas State University for one, she shared, is conducting a business livelihood seminars we can enroll for free. She also mentioned an exclusive city agency, the Technical Institute of Iloilo City, where products and services for business are readily available for Iloilo residents only.

By the way, I can apply anywhere what I learned from this seminar. What concerns most investors really are the support and incentives they get from local government unit.

(Watch out next in Pep Talk what Iloilo Investment Office is offering for small and big time investors. Pep Talk will also feature what’s in Davao, Cebu, Cagayan de Oro, and other cities for business.)

By Dante Corteza

“God has not given me a spirit of fear, but of power, love and sound mind.” 2 Timothy 1:7 (NKJV) Making decisions in your small business based on fear is never helpful. For that matter making decisions in anger is not good either. Try hard not to be reactionary with clients, vendors or employees. Use factual information and up-to date financials to make sound business decisions.