“Entrepreneurs are the backbone of our economy,” Labor and Employment Secretary Rosalinda Dimapilis-Baldoz said yesterday as she encouraged high school graduates to consider and enroll in short-term or collegiate entrepreneurial courses, which will equip them with formal business management training that they could use to build and establish viable and rewarding careers.
“A lot of factors may be considered in choosing a profession. It includes personal considerations, but most of the time, it involves economic conditions. The Philippines is a good venue for business; and it would be a waste if we do not produce well-versed entrepreneurs who will strongly promote trade and create more wealth in the country,” Baldoz said.
She also said the Labor and Employment Plan 2011-2016, the accompanying sectoral plan to the Philippine Development Plan 2011-2016, has specifically identified entrepreneurship as part of the country’s strategic responses to meet the challenge of improving employment levels and access to employment opportunities.
“Bachelor of Science in Entrepreneurship is one of the leading courses now being offered by over 105 schools in the country. It is designed to provide strong foundation to would-be entrepreneurs in the nuances of starting, operating, and expanding a business,” Baldoz said.
The bachelor’s degree in entrepreneurship program takes four years to complete, and the cost of education ranges from P22,000 in state universities to P46,000 in private institutions per academic year.
According to www.finduniversity.ph, a web search portal for finding schools within the Philippines, some of the subjects included in the entrepreneurship program are management and organizational development; managerial effectiveness through diversity; business, society, and the global economy; transportation systems management; organizational analysis and practice; compensation and reward systems; negotiation and conflict resolution; human resource management; and marketing management.
Some of the schools located in the National Capital Region that offer entrepreneurial degree programs are the Philippine Women’s University; Adamson University; Mapua Institute of Technology; University of the East; University of Santo Tomas; De La Salle University; Perpetual Help College of Manila; St. Paul University; Emilio Aguinaldo College; Assumption College; La Consolacion College; Colegio de San Juan de Letran; Angelicum College; Asian Institute of Management; San Beda College; Pamantasan ng Lungsod ng Maynila; Manila Business College; Entrepreneurs School of Asia; Saint Jude College; Enderun College; and Miriam College.
“The common notion is that entrepreneurship students will eventually build and operate their own business. But for those who do not have substantial capital, there is a wide range of employment opportunities in marketing, management, finance, accounting, and information technology that they may venture in,” Baldoz said.
Some of the jobs for graduates of entrepreneurship, as culled from www.phil-job.net, the official job portal of the Philippine government, are sales clerk, 2,485 vacancies; marketing assistant, 1,184; loans manager, 1,000; merchandiser, 963; customer service officer, 682; sales associate professional, 814; and administrative assistant, 75.
“Entrepreneurs nowadays are considered the aggressive catalysts of free trade. While some of them fail within a few years and leave deeply in debt (there is an inherent risk in going to business), others have used innovation and creativity to turn fledgling businesses into multimillion-worth enterprises in less than a decade,” Baldoz said.
“Entrepreneurship programs can guide you toward effective business management. There are risks and rewards that an entrepreneur usually balances; but you can tip the scales by arming yourself with relevant knowledge and skills which will help you beat the odds and grow your business well into the future,” she added.
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