Business ideas for returning female OFWs

Business ideas for returning female OFWs

by UA&P News Desk on July 12, 2011 - 3:18 pm

From Inquirer.net, Thinking Global, by Dr. Bernardo Villegas

Because of the slow growth or high rates of unemployment in such countries as the US, Japan and other advanced nations in Europe, we may see a good number of women OFWs returning to the Philippines in the next few years. These women—exposed to modern business practices and technology—could consider starting small or medium-scale enterprises in the Philippines. Let me share with these potential female entrepreneurs an experience I had last April.

I have given countless economic briefings to business people around the Philippines and around the world. Last April 12 at the Tent in Rockwell, the briefing I gave to 87 women entrepreneurs gave me a special satisfaction that was quite unique. Those who were in the audience were graduates of the Goldman Sachs 10,000 Women Business Training Program in the Philippines, in collaboration with the University of Asia and the Pacific and the IESE Business School in Barcelona, Spain. Similar training programs have been held in China and other emerging markets in Africa and Latin America. All these entrepreneurs had a previous track record for starting and operating a stable and profitable business before they joined the program. What they needed was a formal management training that would help them bring their respective businesses to the next level of long-term sustainable growth and expansion. They do not belong to the micro-enterprise sector. They are among the small and medium-scale businesses that in any country make the greatest contribution to employment generation.

Read full article on Inquirer.net »

Photo: Philippine Airlines by Eustaquio Santimanto on Flickr under CC BY 2.0; Illustration from SoxFirst.com
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