Getting into business is challenging, yet personally gratifying for some; but is it for you?
When I interview people for a job, I usually ask the question, “How do you see yourself 10 years from now?” Surprisingly, a large percentage of those I’ve interviewed say that they would like to get into business. I’m not so sure if this is the same with other countries; but, in the Philippines, it is certainly the case.
I believe that many Filipinos think that getting into business is an escape from their job or a way to get rich. What most don’t realize is that, in business, we often need to give much more of ourselves than if we were to stick with a nine-to-five job.
Getting into business is not something you should take lightly. As a business consultant for start-ups and SMEs in the Philippines, I always ask my potential clients what their purpose is for starting a business in the Philippines; and if the benefits they see in starting a business outweigh the risks involved. If they honestly believe that setting up a business is what they were meant to do, then (and only then) do I take them in as clients.
Having a “purpose,” for me, is probably the most important aspect of starting a business. If your purpose is strong, no challenge is too great. But “purpose” doesn’t necessarily mean “getting rich”. As a matter of fact, earning money (and getting rich) is simply a means to an end; a way to achieve your purpose for doing business. Your purpose for starting a business could be:
is the Managing Director of Our-Knowledge Asia and a Business Consultant for Local and Foreign Start-ups, SMEs and Organizations based in the Philippines.