Untapped Potential

"A poor man is someone who doesn't know he is rich."

- Pilosopong Rodec

One of the main problem of Filipino entrepreneurs is sourcing capital. However, beyond capital resources, the Philippines has numerous resources for enterprise development that are underdeveloped and remains untapped.

There was a time when Mang Ambo has to walk for several hours to be able to ask help from Don Juan who lends at exhorbitant rates. He really wanted to ask Don Victor, who is a close friend, but he lives in Manila which is more than a days walk from Batangas. At the time of our Lolo and Lola's roads are unpaved and transportation is difficult.

Today, Batangas is a little more than an hour away via the South Express Way. If there was cellular phone then, Mang Ambo could just 'text' Don Victor so he could send money via LBC or even Smart Pasa Load. Actually, distance is almost irrelevant in the Internet era. Even if Don Victor was in Saudi or Europe, Mang Ambo can still contact him.

This is the power given to us by advances in transportation and communication technologies. This is the power made available to everyone in the Information Age. Distance is not longer a factor to able to contact and communicate. With this, the resources available to Mang Ambo or a Filipino Entrepreneur is not limited by distance.

This new economic age has opened up opportunities previously not available to entrepreneurs looking to start or expand their business. These are:
1. Filipino Scientists and Engineers working at Universities in Metro Manila or studying/working abroad;
2. Financial Resources from banks, funding institutions here and abroad;
3. Government Agencies in Metro Manila;
4. Natural Resources in provinces from Northern Luzon to Southern Mindanao; and
5. Overseas Filipino Workers (OFWs) and Pinoy Immigrants;