Go Negosyo
Table of Contents
Understanding Go Negosyo
Dear SMEs and Entrepreneurship Students:
Today, I want to share with you the incredible journey of Go Negosyo and how it’s transforming the entrepreneurial landscape in the Philippines. Imagine this as your personalized crash course in entrepreneurship.
Go Negosyo: Empowering SMEs in the Philippines
Picture a lighthouse guiding ships through turbulent waters. That’s what Go Negosyo is for SMEs in the Philippines. Founded by the visionary entrepreneur, Joey Concepcion, this non-profit organization is like a nurturing parent, dedicated to fostering the growth of SMEs across the nation.
Republic Act 10644: A Cornerstone of Go Negosyo’s Mission
Now, let’s talk about a game-changer: Republic Act 10644, or as it’s fondly called, the “Go Negosyo Act.” Enacted in 2014, it’s like the superhero in our story. This act gave birth to Negosyo Centers spread across the Philippines, acting as sanctuaries for SMEs. They offer a treasure trove of services and resources, all under one roof.
The Go Negosyo Act in Action
Now, let me walk you through some of the awe-inspiring initiatives spawned by this act:
- Capacity-Building Workshops and Seminars: Think of these as your entrepreneur boot camps. They cover everything from crafting a solid business plan to mastering financial management and marketing strategies.Meet Mary, a determined entrepreneur from a rural town. Thanks to a marketing workshop at her local Negosyo Center, she turned her small handicraft business into an international success story.
- Access to Market and Networks: Imagine a grand stage where SMEs get to flaunt their products and services. That’s what Go Negosyo creates through trade fairs, exhibitions, and networking events. It’s where dreams meet reality.Meet Juan, who runs a cozy bakery. After participating in a trade fair organized by Go Negosyo, his local pastries became the talk of the town, landing contracts with prestigious hotels and restaurants.
- Mentorship and Coaching: This is where seasoned entrepreneurs pass on their wisdom to SMEs. It’s like having a guardian angel guiding you through the challenges of the business world.Meet Maria, a startup owner navigating the complexities of supply chain. Thanks to her mentor, a logistics wizard, she streamlined operations and boosted her profitability.
Challenges and Considerations
Of course, no story is complete without its share of challenges. Here are a few hurdles Go Negosyo faces:
- Accessibility: In remote areas, reaching Negosyo Centers can be like a hero’s quest. Some entrepreneurs still struggle to tap into these invaluable resources.
- Market Competition: Picture a crowded arena with businesses vying for attention. SMEs, especially in saturated industries, need to constantly innovate to stay in the game.
- Regulatory Hurdles: Navigating the bureaucratic maze can feel like a labyrinth for many SMEs.
- Technological Adoption: In today’s digital age, embracing technology is crucial. However, not all SMEs have the resources or know-how to make this leap.
But despite these challenges, Go Negosyo’s impact is undeniable. It’s been a game-changer, empowering countless entrepreneurs, fueling economic growth, and painting a brighter future for the Philippine business landscape. Through continued efforts, Go Negosyo remains a guiding star for SMEs nationwide.
Go Negosyo | Initiatives
The Go Negosyo Act, implemented through the Philippine Center for Entrepreneurship (PCE), has introduced a range of activities aimed at empowering small and micro-entrepreneurs (SMEs) across the Philippines. Here are some specific initiatives:
- Establishment of Negosyo Centers:
- One of the flagship programs of the Go Negosyo Act is the creation of Negosyo Centers. These centers serve as one-stop hubs providing essential services to SMEs. They offer a wide array of resources, including training and mentorship programs, access to market information, and assistance in business registration and compliance.
- Mentorship and Coaching Programs:
- Go Negosyo, in collaboration with successful entrepreneurs, organizes mentorship programs. Experienced business leaders share their knowledge, skills, and insights with aspiring and existing entrepreneurs. This invaluable guidance helps SMEs navigate challenges and make informed decisions.
- Capacity-Building Workshops and Seminars:
- Go Negosyo conducts various workshops and seminars designed to enhance the entrepreneurial capabilities of SMEs. These cover a range of topics, including business planning, financial management, marketing strategies, and innovation.
- Access to Financing and Credit Facilities:
- The program facilitates access to financial resources through partnerships with banks, lending institutions, and government financing agencies. This includes providing information on available loans, grants, and credit facilities tailored to SMEs.
- Market Linkaging and Trade Exhibitions:
- Go Negosyo organizes trade fairs, exhibitions, and networking events. These platforms provide SMEs with opportunities to showcase their products and services to a wider audience. It also facilitates connections with potential customers, partners, and investors.
- Recognition and Awards Programs:
- The program acknowledges the achievements and contributions of successful entrepreneurs through awards and recognition ceremonies. This not only celebrates their accomplishments but also serves as inspiration for budding entrepreneurs.
- Advocacy and Policy Support:
- Go Negosyo plays an active role in advocating policies and reforms that support the growth and development of SMEs. They collaborate with government agencies and policymakers to create an enabling environment for entrepreneurship.
- Digitalization and Technological Adoption:
- Recognizing the importance of digital transformation, Go Negosyo promotes initiatives aimed at enhancing digital literacy and encouraging the adoption of technology among SMEs. This includes providing training on e-commerce, digital marketing, and other relevant digital tools.
- Incubation and Innovation Hubs:
- In some areas, Go Negosyo collaborates with local governments and organizations to establish incubation and innovation hubs. These hubs provide a conducive environment for startups and innovative enterprises to grow and thrive.
- Research and Market Intelligence:
- Go Negosyo conducts research and gathers market intelligence to provide SMEs with valuable insights into market trends, consumer behavior, and industry dynamics. This information equips entrepreneurs with the knowledge needed to make informed business decisions.
These activities collectively form a comprehensive approach to supporting SMEs in their entrepreneurial journey, helping them overcome challenges, and enabling them to scale and succeed in the competitive business landscape.
Go Negosyo Programs
Empowering Filipino Entrepreneurs: The 3M On Wheels Journey
A Nationwide Quest for Mentorship
In a bustling archipelago like the Philippines, where dreams of entrepreneurship thrive, one program has embarked on a mission to empower budding business minds – the 3M On Wheels (3MOW). Picture this: mentors crisscrossing the country, armed with knowledge and passion, ready to guide aspiring entrepreneurs.
The Quick-Stop Mentorship Haven
Imagine a quick-stop mentoring platform, tailor-made for on-ground encounters. That’s 3MOW for you! It’s not about fancy boardrooms, but real conversations in the heart of business hubs, under the open sky. Here, capacity-building happens through personal connections and shared experiences.
Sparks of Innovation Ignited
In 2018, Mentor Me On Wheels (MMOW) was born, a beacon of hope for those seeking to break free from the clutches of poverty through entrepreneurship. It was more than just advice; it was the spark that turned ideas into reality. MMOW filled the gaps in knowledge, providing solutions that budding Filipino entrepreneurs needed.
The Evolution: 3M On Wheels
As the MMOW program thrived, it evolved into 3M On Wheels – a holistic platform that not only offers mentorship but widens the horizon for MSMEs. It became a complete package of Mentorship, Money, and Market (the three M’s!), bringing forth a range of opportunities for small and medium enterprises.
Kapatid Mentor Me (KMME): Nurturing Growth, One Business at a Time
A Beacon Through Tough Times
As the world grappled with the challenges of a global pandemic, KMME stood tall, providing a lifeline to countless micro and small enterprises. When businesses were struggling to stay afloat, KMME emerged as a steadfast companion, offering guidance, support, and a path to growth.
A Blossoming Community
In 2020, the KMME-MME Online Program came to the rescue of over 2,000 MSEs, thanks to the dedicated pool of mentors. They not only shared their knowledge but also coached mentees in crafting business improvement plans. These plans, when presented to panelists, opened doors to financial and market opportunities.
A Flourishing Ecosystem
The numbers tell a powerful story. By October 2021, a staggering 3,084 mentees had participated in KMME Online activities. This program, in both its original and online forms, has touched the lives of 11,871 mentees since its inception. It’s a testament to the enduring impact of mentorship.
Kapatid Agri Mentor Me Program (KAMMP): Nurturing Agriculture for a Sustainable Future
Cultivating Agricultural ExcellenceI
In 2017, a program took root with a vision to transform agriculture in the Philippines. The Kapatid Agri Mentor Me Program (KAMMP) brought industry experts to the forefront, serving as mentors to farmers, fisherfolks, cooperatives, and agri-entrepreneurs. Their mission: to equip them with the entrepreneurial mindset and practical knowledge needed for expansion.
A Digital Shift in the Face of Challenges
As the COVID-19 pandemic swept the world, businesses faced unprecedented challenges. KAMMP, recognizing the need for adaptation, launched KAMMP Online in 2020. This digitalized version ensured that agripreneurs could not only survive but thrive, even amidst the most trying circumstances.
A Ray of Hope Amidst Uncertainty
KAMMP Online became the beacon of hope for agripreneurs across the country. It provided a platform for mentorship modules, effectively propelling agripreneurs towards success. In a time of uncertainty, KAMMP offered a lifeline, demonstrating that even in adversity, growth is possible.
National Summits: Fostering a Culture of Entrepreneurship and Innovation
A Confluence of Minds
Imagine a gathering where over 100,000 aspiring and existing entrepreneurs, along with half a million attendees from various sectors, converge. This is the essence of the National Summits organized by Go Negosyo. It’s a space where ideas flow freely, strategic dialogues unfold, and innovation is celebrated.
Empowering Through Exchange
The National Summits provide a platform for diverse industries to exchange ideas, strategies, and insights. They serve as a catalyst for creating pandemic-proof strategies, especially for post-COVID business recovery. Through mentorship, financial support, and market access, the summits empower MSMEs and businesses at large.
Nurturing Prosperity and Resilience
These summits are not just events; they are transformative experiences. They embody the spirit of resilience and prosperity, equipping entrepreneurs with the tools they need to navigate through challenges and emerge stronger than ever before.
ASEAN BAC: Bridging Borders, Empowering Entrepreneurs
A Vision of Inclusive Growth
In the heart of ASEAN, a vision emerged – one of inclusive growth and prosperity for all. The ASEAN Mentorship for Entrepreneurs Network (AMEN) was established, a testament to the commitment of ASEAN BAC to foster mentorship and knowledge-sharing among MSMEs.
Uniting ASEAN Entrepreneurs
AMEN was officially launched in 2017, bringing together mentors and entrepreneurs from the 10 ASEAN Member States. The goal was clear: to harness the collective expertise of the region, creating a platform for mentorship that transcends borders.
Strengthening Mentorship for a Brighter Future
With the support of the Japan-ASEAN Integration Fund (JAIF), AMEN underwent rigorous development. Regional discussions and scoping missions harmonized mentorship training frameworks. Pilot tests in Malaysia, Indonesia, and the Philippines in 2019 validated the modules, ensuring they catered to the diverse needs of ASEAN entrepreneurs.
Go Negosyo’ Kapatid Angat Lahat Agri Program or KALAP
For short aims to foster the transformation of major agricultural commodities and industries following inclusive business models, sustainable transformation initiatives, and a conducive business environment in the Philippines.
For Philippine Agriculture to be productive, profitable, sustainable, and competitive:
KALAP aims to,
- Catalyze partnerships between private companies and government agencies to help smallholder farmers/fishers.
- Foster inclusive business models in the transformation of priority commodity industries.
- Enhance the prosperity of the smallholder farmers/fishers.
- Create more job opportunities in the sector.
These initiatives collectively form a comprehensive approach to supporting SMEs in their entrepreneurial journey, helping them overcome challenges, and enabling them to scale and succeed in the competitive business landscape.
Empowering Filipino Entrepreneurs: The 3M On Wheels Journey
A Nationwide Quest for Mentorship
In a bustling archipelago like the Philippines, where dreams of entrepreneurship thrive, one program has embarked on a mission to empower budding business minds – the 3M On Wheels (3MOW). Picture this: mentors crisscrossing the country, armed with knowledge and passion, ready to guide aspiring entrepreneurs.
The Quick-Stop Mentorship Haven
Imagine a quick-stop mentoring platform, tailor-made for on-ground encounters. That’s 3MOW for you! It’s not about fancy boardrooms, but real conversations in the heart of business hubs, under the open sky. Here, capacity-building happens through personal connections and shared experiences.
Sparks of Innovation Ignited
In 2018, Mentor Me On Wheels (MMOW) was born, a beacon of hope for those seeking to break free from the clutches of poverty through entrepreneurship. It was more than just advice; it was the spark that turned ideas into reality. MMOW filled the gaps in knowledge, providing solutions that budding Filipino entrepreneurs needed.
The Evolution: 3M On Wheels
As the MMOW program thrived, it evolved into 3M On Wheels – a holistic platform that not only offers mentorship but widens the horizon for MSMEs. It became a complete package of Mentorship, Money, and Market (the three M’s!), bringing forth a range of opportunities for small and medium enterprises.
These narratives paint a vivid picture of how Go Negosyo and its programs are not just initiatives on paper, but living, breathing forces of change, transforming lives and businesses across the Philippines. Each chapter tells a story of empowerment, growth, and resilience, showcasing how entrepreneurship can truly be the driving force of a nation’s prosperity. Through mentorship, market access, financial support, and a thriving community, Go Negosyo is lighting the way for countless entrepreneurs, ensuring that their dreams don’t just stay dreams, but become vibrant, thriving businesses that fuel the nation’s economy.
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1. Go Negosyo aims to empower small and medium-sized enterprises (SMEs) in the Philippines by providing them with access to mentorship, finance, market, and information. It focuses on promoting entrepreneurship as a solution to poverty and unemployment in the country. Through various programs and initiatives, Go Negosyo encourages SMEs to innovate, grow their businesses, and create more job opportunities. It also advocates for a supportive business environment and policy reforms to help SMEs thrive.
2. The significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs is that it institutionalizes and strengthens the efforts of Go Negosyo in promoting and assisting small businesses. Key provisions of the Act include the establishment of Negosyo Centers in municipalities, cities, and provinces across the country. These centers serve as a one-stop-shop for aspiring and existing entrepreneurs, providing them with business registration assistance, training programs, mentoring, and access to financing. The Act also encourages the participation of the private sector, academe, and non-government organizations in supporting the development and growth of SMEs.
3. Negosyo Centers offer a wide range of capacity-building workshops and seminars to benefit entrepreneurs. Some examples of these sessions include business planning, marketing strategies, financial management, product development, and digital marketing. These workshops provide entrepreneurs with valuable knowledge, skills, and tools to improve their business operations, increase their competitiveness, and explore new market opportunities. They also provide networking opportunities and a platform for entrepreneurs to learn from successful business owners and industry experts.
4. Mentorship and coaching programs have a significant impact on the growth of micro and small enterprises (MSEs) through KMME (Kapatid Mentor Me) initiative. Mentors who are experienced entrepreneurs or industry experts provide guidance, advice, and support to MSEs in various aspects of their business, such as marketing, operations, finance, and human resources. Through one-on-one mentoring sessions, MSEs can learn from the experiences and challenges faced by their mentors, avoid common mistakes, and develop strategies for sustainable growth. The mentorship program also helps MSEs build networks and access resources that can further boost their growth and success.
5. The Kapatid Agri Mentor Me Program (KAMMP) contributes to the sustainability and expansion of agribusinesses in the Philippines by pairing successful agripreneurs with aspiring and existing agripreneurs. Mentors in KAMMP provide personalized guidance and knowledge sharing on various aspects of agribusiness, including crop production, post-harvest processing, marketing, and financial management. This mentorship program helps agripreneurs gain practical skills, access market linkages, and improve their business operations. By strengthening the skills and knowledge of agripreneurs, KAMMP aims to enhance the competitiveness and profitability of agribusinesses in the country.
6. The National Summits organized by Go Negosyo bring together aspiring and existing entrepreneurs, industry leaders, government officials, and experts to discuss relevant issues, trends, and opportunities in entrepreneurship. The key components of the National Summits include panel discussions, knowledge sharing sessions, inspirational talks, networking opportunities, and business matching activities. These summits provide aspiring entrepreneurs with inspiration, motivation, and a platform to learn from successful entrepreneurs. Existing entrepreneurs benefit from knowledge sharing and networking opportunities, allowing them to gain new insights, forge partnerships, and expand their businesses.
7. The ASEAN BAC (ASEAN Business Advisory Council) plays a crucial role in supporting MSMEs and entrepreneurs in the ASEAN region. It serves as a platform for private sector engagement with ASEAN governments, advocating for policies and programs that promote MSME development and entrepreneurship. One of the initiatives facilitated by ASEAN BAC is the ASEAN Mentorship for Entrepreneurs Network (AMEN). AMEN connects entrepreneurs with experienced mentors from ASEAN member countries, providing them with valuable guidance, insights, and networks across the region. Through mentorship, AMEN aims to facilitate knowledge exchange, skill development, and growth opportunities for MSMEs in the ASEAN region.
8. The Kapatid Angat Lahat Agri Program (KALAP) fosters inclusive economic growth in the agricultural sector by providing support to small-scale farmers, fisherfolk, and agribusinesses. KALAP initiatives include training programs, access to credit facilities, provision of farm equipment and machinery, market linkage assistance, and research and development support. For example, KALAP has introduced the “Farmerpreneur Caravans” which bring agriculture-related services and opportunities, such as agribusiness seminars and crop exhibits, directly to farming communities. These initiatives aim to equip farmers and agribusinesses with the necessary skills, resources, and support to improve their productivity, profitability, and competitiveness.
9. Digitalization and technological adoption are essential for SMEs in the modern business landscape as they enable businesses to reach new markets, streamline operations, improve efficiency, and stay competitive. Go Negosyo recognizes the importance of digitalization and promotes it through various initiatives, including digital marketing workshops, e-commerce training, and online platforms that connect SMEs with customers and suppliers. Go Negosyo also encourages SMEs to embrace technology by providing information and resources on the latest digital tools and trends, helping them leverage technology to grow their businesses and adapt to changing consumer behaviors.
10. One impactful Go Negosyo program for aspiring entrepreneurs is the Kapatid Mentor Me Program (KMME). This program pairs aspiring entrepreneurs with experienced mentors who provide guidance, advice, and support in various aspects of their business journey. KMME allows aspiring entrepreneurs to learn from the experiences and insights of successful mentors, helping them navigate challenges, refine their business models, and develop the skills needed for sustainable growth. The mentorship program also offers networking opportunities, allowing aspiring entrepreneurs to expand their connections and access further resources for their entrepreneurial ventures. Overall, KMME empowers aspiring entrepreneurs by equipping them with the knowledge, support, and network they need to succeed in their business endeavors.
1. How does Go Negosyo aim to empower small and medium-sized enterprises (SMEs) in the Philippines?
Republic Act No. 10644, commonly referred to as the “Go Negosyo Act,” empowers small and medium-sized enterprises through an array of dynamic initiatives and programs. This legislative action gave rise to Negosyo Centers strategically dispersed throughout the Philippines, serving as nurturing hubs for SMEs. These centers serve as invaluable repositories of services and resources, all thoughtfully consolidated within a single accessible location.
2. What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain its key provisions.
The Go Negosyo Act is profoundly significant in cultivating entrepreneurship and spurring economic development by offering a diverse range of robust support mechanisms to SMEs. It recognizes the need for capacity building among SMEs. The Act mandates as well the establishment of Negosyo Centers in cities and municipalities around the Philippines, which will serve as one-stop shops for SMEs’ business registration, information dissemination, training, and advisory services.
The key provisions encompass several critical elements. Capacity Development involves the provision of comprehensive training, seminars, and workshops meticulously designed to elevate the entrepreneurial skills and knowledge of SME owners. Market Access facilitates the active participation of SMEs in trade fairs, exhibitions, and various marketing initiatives—expanding their market presence. Lastly, Mentorship and Coaching open doors to experienced mentors or business owners who can extend invaluable guidance, advice, and opportunities for networking, significantly benefitting SMEs.
3. Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs?
3M On Wheels. 3M On Wheels is a free nationwide mentorship initiative, meticulously structured to serve as a rapid-deployment mentoring platform. Its primary mission is to foster the capacity-building and holistic development of entrepreneurs through meaningful onsite mentorship experiences spanning the entire nation. This program provides numerous benefits to entrepreneurs, gaining access to a diverse array of financial assistance programs and invaluable market growth opportunities through our esteemed partners. These strategic collaborations are instrumental in supporting entrepreneurs in achieving sustainable and substantial growth for their businesses.
Kapatid Agri Mentor Me Program (KAMMP). The KAMMP extends guidance and essential assistance to empower a diverse range of stakeholders, including farmers, fisheries, agricultural cooperatives, associations, youth, and agricultural enterprises. This program imparts the agripreneurs with essential entrepreneurial mindset, practical knowledge, and equip them with strategies that are instrumental in catalyzing the growth and expansion of their agribusiness ventures.
4. Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
The impact of mentorship and coaching programs of KMME empowers MSE owners with the knowledge, skills, and connections needed to navigate the competitive business landscape. Through mentorship, they are guided and trained in various aspects of business management—marketing, operations, financial management, and strategic planning to improve their overall business acumen. Being coached by industry experts and/or seasoned entrepreneurs not only enriches their entrepreneurial journey but also opens gateways to a vast landscape of market opportunities. Through purposeful networking, their participation in the program can result in forging meaningful partnerships, fostering collaborations, and connecting with potential customers, thereby catalyzing the MSE owners’ growth trajectory in the market. To illustrate, Rensel’s Food Products, under the management of Chef Selene Puentespina, has availed of KMME program in 2020. What commenced as the production of toasted pastillas in her humble hometown of Isabela have now graced the shelves of local showrooms in Bacolod City and have made significant inroads through participation in trade fairs across the nation. This compelling narrative stands as a living testament to the program’s efficacy in propelling businesses towards elevated heights—refining their products and strategies, which is a pivotal factor in ensuring success and longevity in the market.
5. How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusinesses in the Philippines?
With its mission “to equip them with the entrepreneurial mindset and practical knowledge needed for expansion,” it allows agripreneurs to navigate obstacles, take opportunities, and build thriving enterprises that contribute to the agricultural sector and economic development of the country. Among the lectures in this mentorship program include the sustainable farming practices, which help agribusinesses reduce their environmental impact, conserve natural resources, and fulfill increasing customer needs for eco-friendly products. Ideally, this program also assists agribusinesses in identifying new market opportunities and strategies for expanding their reach, which allows these businesses to be connected with potential buyers, participation in trade fairs and exhibitions—creating opportunities for them to market their products.
6.What are the key components of the National Summits organized by the Go Negosyo, and how do they benefit aspiring and existing entrepreneurs?
The key components of the national summits organized by the Go Negosyo emphasized cultivating entrepreneurship through the 3M (Mentorship, Money, and Market). Through this, it creates a nurturing environment—ensuring the robust recovery of MSMEs and fortifying the entire business community against the future uncertainties. Another is the Creativity and Innovation Summit which reinforces the entrepreneurial mindset of the people. This program could help best for those aspiring entrepreneurs because this summit will equip them the necessary skill sets a true entrepreneur should embody. Also, it can help widen their connections with other entrepreneurs as well.
7. Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region. How does AMEN facilitate mentorship for entrepreneurs?
The ASEAN Business Advisory Council (ASEAN BAC) is vital in assisting ASEAN’s MSMEs firms and entrepreneurs by offering strategic assistance, advocacy, and activities geared at stimulating their growth and development. Its in supporting MSMEs and entrepreneurs extends to facilitating their reach across regional and international borders. This encompasses a spectrum of initiatives aimed at fostering trade and investment, streamlining trade regulations, and paving the way for seamless market access. Another is the capacity building that provides training, mentorship, and skill development opportunities to enhance their competitiveness in the market. Moreover, it encourages the infusion of innovation and technology into entrepreneurial endeavors. Entrepreneurs are urged to harness the power of e-commerce platforms and digital tools to extend their market presence and reach new horizons. On the contrary, ASEAN Mentorship for Entrepreneurs Network (AMEN) aims to unite mentors and entrepreneurs hailing from the diverse landscape of the 10 ASEAN Member States. With unwavering clarity of purpose, AMEN aspires to harness the collective wisdom and expertise woven throughout the region, thereby crafting an unparalleled platform for mentorship that defies geographical boundaries and limitations.
8. How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives.
The Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector through offering training and capacity-building programs to help farmers and agripreneurs improve their skills and expertise. This can be illustrated as KALAP providing organic agricultural training to farmers, allowing them to minimize input costs while producing healthier, more marketable crops. Another initiative is its community development, by which KALAP assists in the formation of agricultural cooperatives and associations. An example is enabling farmers to negotiate for better prices and gain access to resources as a group. Financial support is also KALAP’s initiative, which helps farmers and agricultural companies obtain financial resources for their business. Such include partnering with local banks to provide farmers with low-interest loans for the acquisition of machinery.
9. Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go Negosyo promote this?
Digitalization and technological adoption are crucial for SMEs to thrive and compete in today’s business environment. Adopting digital tools improves not only operational efficiency but also market reach, customer engagement, and helps SMEs to make data-driven decisions that drive growth and innovation, which are vital for long-term success. Go Negosyo advocates for programs designed to elevate digital literacy and promote the integration of technology within SMEs. Their initiatives include training in e-commerce, digital marketing, and other pertinent digital solutions.
10. In your opinion, which Go Negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
Personally, it is the Kapatid Mentor Me Program because it provides access to expertise, fosters skill development, offers networking opportunities, tailors guidance, builds confidence, nurtures an entrepreneurial mindset, provides access to resources, offers long-term support, stimulates economic growth, and helps individuals fulfill their entrepreneurial aspirations. The coverage of the program sums up most of the essential topics covered in taking up Entrepreneurship degree.
Submitted by: Andrea Elizabeth Sotto | BSEN4-A; ENTRP111
1. How does Go Negosyo aim to empower small and medium-sized enterprises (SMEs) in the Philippines?
Go Negosyo is a non-profit organization that aims to provide assistance and empower Small and medium-sized enterprises(SME’s) in the Philippines by being able to create programs and initiatives in partnership with government organizations such as the Department of Trade and Industry (DTI). This is essential because the Go Negosyo serves as a guide that is dedicated to the growth of SMEs nationwide. Examples of some programs that can empower SME’s are mentorship programs and seminars conducted regularly by the DTI, those SMEs with financial challenges can opt to avail the financial assistance that DTI has to offer with the program called “P3 Program”. Another example as to how the Go Negosyo can empower SME’s in the Philippines is having Go Negosyo Centers that can assist potential SME Entrepreneurs start up their businesses and also assist existing SMEs.
2 What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain its key provisions.
The significance of Republic Act 10644 or the Go Negosyo Act in supporting SMEs is that the provisions of the mentioned act mainly focuses on as to how the government can be able to assist and support the SMEs. The Go Negosyo Act enacted in 2014 is significant and important to SMEs is that because before it was made, many entrepreneurs were having difficulties in different aspects of the business especially the financial aspect, there were also individuals who are interested in SME as it is their source of livelihood. One provision that is stated in the Republic Act is the mandation of establishments of Negosyo Centers nationwide in order for local SMEs to easily access their services and resources.
3.Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs?
Capacity- building workshops and seminars are one of the programs or initiatives offered by Go Negsoyo that covers the writing and implementation of the business plan,creating marketing strategies,studying and applying financial management. The reason why workshops and seminars are offered by Negosyo Centers is that it helps aspiring and existing entrepreneurs gain insights and knowledge in the sessions of the seminars. One example of a capacity-building workshop and seminar is the 3M( Mentorship, Money, and Market) on wheels which is a quick-stop mentoring platform intended for the development and growth of Entrepreneurs that are SME owners. One beneficiary of the workshop is Mary an entrepreneur who was able to develop her handcrafted business successfully.
4. Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
The mentorship and coaching programs of Go Negosyo plays an important role and has a huge impact on the growth of micro and small enterprises especially going through KMME which is an avenue for SMEs to be coached by experts to keep their business stable. That is why the KMME (Kapatid Mentor Me) was made in order for entrepreneurs to have a personal mentorship with the mentors who are willing to assist. KMME is a business consultation that can be conducted virtually or face to face that would help elevate your business in different aspects. One example is Virac Marketplace where they were able to have an online consultation with the mentor to seek coaching and guidance.
5. How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusinesses in the Philippines?
The The Kapatid Agri Mentor Me Program (KAMMP) contributes to the sustainability and expansion of agribusinesses in the Philippines by having a mentorship and coaching session from a group of agri experts to fishermen, farmers, and agri-entrepreneurs .This program was made in order to give ideas for these agri workers to have an entrepreneurial mindset by making them learn on the business opportunities and ventures they can have with the guidance of the mentors.Also another reason as to why this was made is that the mentorship that would come from experts be a way for farmers, fishermen and agri-entrepreneurs to thrive and scale up their agribusiness.
6. What are the key components of the National Summits organized by Go Negosyo, and how do they benefit aspiring and existing entrepreneurs?
The key components of the National Summits organized by Go Negosyo are Panel discussions or deliberation, workshops and seminars and networking sessions. These components benefit aspiring and existing entrepreneurs by being able to get smart business ideas from foreigners and also from locals. For example, you can learn how to innovate products from delegates who are foreigners.
7 Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region. How does AMEN facilitate mentorship for entrepreneurs?
The role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region is that it helps in Bridging Borders and Empower Entrepreneurs.AMEN helps facilitate mentorship for entrepreneurs by assembling and uniting ASEAN Entrepreneurs (10 ASEAN Member States) then undergo seminars and workshops together. An example as to how ASEAN BAC helps aspiring entrepreneurs is the pilot tests conducted in different parts of the ASEAN Region.
8. How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives
KALAP or the Kapatid Angat Lahat Agri Program is a program that is being conducted for the purpose of fostering inclusive economic growth in the agricultural sector. It can be possible by being able to partner with private companies and government agencies in order to help farmers, fishermen and agri-entrepreneurs. This can also foster economic growth in the agricultural sector by giving more job opportunities and provide technological advancements.
9. Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go Negosyo promote this?
Digitalization and technological adoption for SMEs in the modern business landscape is very important because of the unforeseen challenges that the world faced specifically the lockdowns due to the COVID-19 Pandemic.
10.In your opinion, which Go Negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
Among all the programs and initiatives that Go Negosyo has to offer, the most impactful for aspiring entrepreneurs is the Kapatid Agri Mentor Me Program or the KAMMP Program. The reason as to why this is impactful as aspiring entrepreneurs is that it gives them an opportunity to enter into a business venture or industry which is Agriculture. It is also a way for entrepreneurs to thrive in agribusiness.
1. How does Go Negosyo aim to empower small and medium-sized enterprises (SMEs) in the Philippines?
Go Negosyo is a non-profit organization that aims to provide assistance and empower Small and medium-sized enterprises(SME’s) in the Philippines by being able to create programs and initiatives in partnership with government organizations such as the Department of Trade and Industry (DTI). This is essential because the Go Negosyo serves as a guide that is dedicated to the growth of SMEs nationwide. Examples of some programs that can empower SME’s are mentorship programs and seminars conducted regularly by the DTI, those SMEs with financial challenges can opt to avail the financial assistance that DTI has to offer with the program called “P3 Program”. Another example as to how the Go Negosyo can empower SME’s in the Philippines is having Go Negosyo Centers that can assist potential SME Entrepreneurs start up their businesses and also assist existing SMEs.
2 What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain its key provisions.
The significance of Republic Act 10644 or the Go Negosyo Act in supporting SMEs is that the provisions of the mentioned act mainly focuses on as to how the government can be able to assist and support the SMEs. The Go Negosyo Act enacted in 2014 is significant and important to SMEs is that because before it was made, many entrepreneurs were having difficulties in different aspects of the business especially the financial aspect, there were also individuals who are interested in SME as it is their source of livelihood. One provision that is stated in the Republic Act is the mandation of establishments of Negosyo Centers nationwide in order for local SMEs to easily access their services and resources.
3.Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs?
Capacity- building workshops and seminars are one of the programs or initiatives offered by Go Negsoyo that covers the writing and implementation of the business plan,creating marketing strategies,studying and applying financial management. The reason why workshops and seminars are offered by Negosyo Centers is that it helps aspiring and existing entrepreneurs gain insights and knowledge in the sessions of the seminars. One example of a capacity-building workshop and seminar is the 3M( Mentorship, Money, and Market) on wheels which is a quick-stop mentoring platform intended for the development and growth of Entrepreneurs that are SME owners. One beneficiary of the workshop is Mary an entrepreneur who was able to develop her handcrafted business successfully.
4. Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
The mentorship and coaching programs of Go Negosyo plays an important role and has a huge impact on the growth of micro and small enterprises especially going through KMME which is an avenue for SMEs to be coached by experts to keep their business stable. That is why the KMME (Kapatid Mentor Me) was made in order for entrepreneurs to have a personal mentorship with the mentors who are willing to assist. KMME is a business consultation that can be conducted virtually or face to face that would help elevate your business in different aspects. One example is Virac Marketplace where they were able to have an online consultation with the mentor to seek coaching and guidance.
5. How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusinesses in the Philippines?
The The Kapatid Agri Mentor Me Program (KAMMP) contributes to the sustainability and expansion of agribusinesses in the Philippines by having a mentorship and coaching session from a group of agri experts to fishermen, farmers, and agri-entrepreneurs .This program was made in order to give ideas for these agri workers to have an entrepreneurial mindset by making them learn on the business opportunities and ventures they can have with the guidance of the mentors.Also another reason as to why this was made is that the mentorship that would come from experts be a way for farmers, fishermen and agri-entrepreneurs to thrive and scale up their agribusiness.
6. What are the key components of the National Summits organized by Go Negosyo, and how do they benefit aspiring and existing entrepreneurs?
The key components of the National Summits organized by Go Negosyo are Panel discussions or deliberation, workshops and seminars and networking sessions. These components benefit aspiring and existing entrepreneurs by being able to get smart business ideas from foreigners and also from locals. For example, you can learn how to innovate products from delegates who are foreigners.
7 Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region. How does AMEN facilitate mentorship for entrepreneurs?
The role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region is that it helps in Bridging Borders and Empower Entrepreneurs.AMEN helps facilitate mentorship for entrepreneurs by assembling and uniting ASEAN Entrepreneurs (10 ASEAN Member States) then undergo seminars and workshops together. An example as to how ASEAN BAC helps aspiring entrepreneurs is the pilot tests conducted in different parts of the ASEAN Region.
8. How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives
KALAP or the Kapatid Angat Lahat Agri Program is a program that is being conducted for the purpose of fostering inclusive economic growth in the agricultural sector. It can be possible by being able to partner with private companies and government agencies in order to help farmers, fishermen and agri-entrepreneurs. This can also foster economic growth in the agricultural sector by giving more job opportunities and provide technological advancements.
9. Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go Negosyo promote this?
Digitalization and technological adoption for SMEs in the modern business landscape is very important because of the unforeseen challenges that the world faced specifically the lockdowns due to the COVID-19 Pandemic.
10.In your opinion, which Go Negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
Among all the programs and initiatives that Go Negosyo has to offer, the most impactful for aspiring entrepreneurs is the Kapatid Agri Mentor Me Program or the KAMMP Program. The reason as to why this is impactful as aspiring entrepreneurs is that it gives them an opportunity to enter into a business venture or industry which is Agriculture. It is also a way for entrepreneurs to thrive in agribusiness.
1. How does Go Negosyo aim to empower small and medium-sized enterprises (SMEs) in the Philippines?
Go negosyo provides programs workshops and seminars it also cater individuals by allowing them to access ease in financial support and publicity especially in the field of digital marketing. It also aids the entrepreneurs to be mentored on taking the right path towards growth.
2. What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain its key provisions.
RA 10644 or known as the go negosyo act of 2014 promotes the assistance for MSMEs by providing the needed tools to grow a business. The said law pushes initiatives to ease the implementation of business and the process as said in section 4 paragraph a.
3. Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs?
In the likes of KMME, OTOP, and Go Lokal are the programs intended for the MSMEs by the government to aid the entrepreneurs for their start up and their improvement towards progressive business implementation. These programs help the entrepreneurs in the aspect of money, market, and mentorship.
4. Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
Kmme participants started with more than 2 thousand individuals in coming from 101 provinces and on october of 2020 having 11 thousand plus simply displays the rapid growth through its program
5. How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusinesses in the Philippines?
KAMMP helps in propelling the programs intended for the Filipino people in the field focusing on Agricultural industry. With the given program the government aims to connect the local and small agricultural workers to agripreneurs in hopes of building network for ease of access to supplies, techniques, and mentorship to expand the current state of their livelihood.
6. What are the key components of the National Summits organized by Go Negosyo, and how do they benefit aspiring and existing entrepreneurs?
Network opportunities, workshop and training, exhibits and trade show, access to resource, inspiration and motivation are the key components in conducting a national summit which would help the entrepreneurs in the hopes of having the opportunity to showcase their product.
7. Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region. How does AMEN facilitate mentorship for entrepreneurs?
The role of the asean bac is to facilitate a mentorship program hence the creation of amen where they started by Organizing a unified pool of mentors made up of duly certified individuals from the ASEAN member countries and to establish the procedures and systems for recruiting, certifying, and deploying them for the AMEN Program
8. How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives.
Through the efforts of president elect bbm, kalap would foster inclusive economic growth through its initiative which is the 3 m that stands for mentorship money market.
9. Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go Negosyo promote this?
Under the latest program of Go negrosyo 3M on wheels was launched mentoring more than 700 social media influencers on how to have a successful online brand promotion
10. In your opinion, which Go Negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
In my own perspective KMME is the most impactful initiative for the aspiring entrepreneurs. As an aspiring entrepreneur, we may be equipped with technological advancement and fresh ideas but we are still in dire need for the wisdom, knowledge and experiences from those who came before us.
1. How does Go Negosyo aim to empower small and medium-sized enterprises (SMEs) in the Philippines?
Go Negosyo aims to empower small and medium-sized enterprises (SMEs) by providing them with the necessary tools, knowledge, skills, and network to succeed in the business world. This legislation promotes ease of doing business, facilitates access to grants and financial assistance, and encourages entrepreneurship and job creation.
2. What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain its key provisions.
The Republic Act 10644 provides significance in supporting SMEs by the means of creating Negosyo Centers to provide business registration assistance, training, and advisory services to SMEs. These centers also offer seminars and capacity-building workshops, supporting entrepreneurs in their business endeavors.
3. Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs?
Examples of capacity-building workshops and seminars offered by Negosyo Centers include training for entrepreneurs, financial management workshops, marketing strategies, and business plan development. These sessions equip entrepreneurs with essential skills, knowledge, and strategies to run and grow their businesses effectively.
4. Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
Mentorship and coaching programs, such as the Kapatid Mentor Me Program (KMME), play a vital role in the growth of micro and small enterprises (MSEs). They provide guidance, industry insights, and practical advice, enhancing business acumen and fostering sustainable growth. They were also able to help businesses survive in the post pandemic era by establishing an online workshop that is open to SMEs and aspiring entrepreneurs.
5. How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusinesses in the Philippines?
The Kapatid Agri Mentor Me Program (KAMMP) contributes to the sustainability and expansion of agribusinesses by pairing seasoned agri-entrepreneurs with mentees. These mentors provide valuable guidance and expertise to help agribusinesses thrive and contribute to the overall development of the agricultural sector.
6. What are the key components of the National Summits organized by Go Negosyo, and how do they benefit aspiring and existing entrepreneurs?
National Summits organized by Go Negosyo serve as platforms for entrepreneurs to gain insights, network, and access new opportunities. These summits typically include panel discussions, workshops, and networking sessions, benefiting both aspiring and existing entrepreneurs by enhancing their knowledge and connections.
7. Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region. How does AMEN facilitate mentorship for entrepreneurs?
The ASEAN Business Advisory Council (ASEAN BAC) plays a crucial role in supporting MSMEs and entrepreneurs in the ASEAN region. The ASEAN Mentorship for Entrepreneurs Network (AMEN), facilitated by ASEAN BAC, connects mentors and mentees, promoting knowledge sharing and fostering entrepreneurship across ASEAN countries. This enables every country to learn and exchange ideas that can help both countries in maintaining and improving their economic status.
8. How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives.
The Kapatid Angat Lahat Agri Program (KALAP) contributes to inclusive economic growth in the agricultural sector through initiatives such as providing training, access to finance, and market linkage opportunities for farmers and agri-entrepreneurs, promoting their sustainable development. In these ways, the beneficiaries are able to find ways how to upscale their businesses in a manner that would help them gather more customers and cater clients much more effectively and efficiently.
9. Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go Negosyo promote this?
Digitalization and technological adoption are crucial for SMEs in the modern business landscape. In today’s world, businesses need to adapt in the technological advancements that would help them imroove their efficiency and develop relationships with their customers and Go Negosyo promotes this by encouraging the use of digital tools, providing training on digital marketing, and showcasing successful digital transformation stories to inspire and guide SMEs in leveraging technology for growth.
10. In your opinion, which Go Negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
In my opinion, the Kapatid Mentor Me Program (KMME) stands out as one of the most impactful Go Negosyo initiatives for aspiring entrepreneurs. For me it is the backbone of the other Go Negosyo Act programs since it had the first idea of providing a structured mentorship approach, fostering practical skills and knowledge transfer from experienced mentors to mentees, which is fundamental for business success and growth.
1. How does Go Negosyo aim to empower small and
medium-sized enterprises (SMEs) in the Philippines?
– Go negosyo aims to empower SMEs by providing them support and resources necessary for their growth. Also giving opportunities to improve the quality of their lives. For example, the “Munting Paraiso ni Yoly Farm” which is owned by Yolanda Riguer in Angat Bulacan. Their business grew by the help of the Go Negosyo. Providing trainings to create more entrepreneurs
2. What is the significance of Republic Act 10644 (Go
Negosyo Act) in supporting SMEs? Explain its key
provisions.
– The significance of the go negosyo act in supporting SMEs is that it was created to strengthen the SMEs in order to provide more jobs to people. For example, putting up Negosyo Centers, having negosyo centers help to dissiminate information easily on business opportunies, market trends and other data. It is significant because it provides support to SMEs to make it easy for entrepreneurs to access all resources.
3. Can you provide examples of capacity-building workshops
and seminars offered by Negosyo Centers? How do these
sessions benefit entrepreneurs?
– Examples of capacity building workshops and seminars offered by negosyo centers are 3m on wheels which is a mentorship program designed as a quick stop mentoring platform. Kapatid Mentor Me is a program that aims to help MSMEs scale up their business through coaching and mentoring.
4. Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
– The impact of mentorship and coaching programs shaped entrepreneurs with newly acquired skills and knowledge and putting these in their startup businesses. Through KMME, thousands of people were already mentored here in thr Philippines. For example, a mentee named Seth Moral Aguinillo. He has a business called Bicol Bottles and Packaging Depot located at Camarines Sur. Because of kmme, he learner the importance of having a mentor to guide you to do business.
5. How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of
agribusinesses in the Philippines?
– Kapatid Agri mentor me program contributes through nurturing a community of dynamic, competitive, and sustainable agri entrepreneurs. Through coaching and mentoring, mentees would be able to digest information and apply it in order for agribusiness to be sustained and expand.
6. What are the key components of the National Summits
organized by Go Negosyo, and how do they benefit
aspiring and existing entrepreneurs?
– The key components of the National summit types of summit organized to the needs of thr entrepreneurs. for example, msme summit was designed to foster strategic dialogue where various people from different industries exchange ideas. Another is the creativity and innovation summit and etc.
These summits benefit aspiring and existing entrepreneurs by providing them a platform for the, to gain knowledge and connect with the industry
7. Explain the role of ASEAN BAC in supporting MSMEs
and entrepreneurs in the ASEAN region. How does AMEN
facilitate mentorship for entrepreneurs?
– ASEAN Business Advisory Council (ASEAN BAC) role in supporting MSME’s and entrepreneurs in the ASEAN region is to advocate them for the policies and regulations, also they promote initiatives to improve access to financing which is needed by every business that needs assistance. Their role is to promote and facilitate economic growth and integration within the ASEAN region.
AMEN is a system under ASEAN BAC that focuses on mentorship for entrepreneurs. They help provide experienced mentors to entrepreneurs that seek guidance on various aspects of business and others.
8. How does the Kapatid Angat Lahat Agri Program
(KALAP) foster inclusive economic growth in the
agricultural sector? Provide examples of its initiatives.
-The Kapatid Angat Lahat Program (KALAP) foster inclusive economic growth in the agricultural sector by addressing the needs of farmers, fisherfolks, and rural entrepreneurs.
through partnering with financial institutions and government agencies to provide credit and loans. KALAP also promotes the development of agricultural value chains and facilities. Also through capacity building, farmers can acquire knowledge and skills to improve their quality of crops.
9. Discuss the importance of digitalization and technological adoption or SMEs in the modern business landscape. How does Go Negosyo promore this?
– Digitalization and technological adoption are essent for SMEs in the modern business landscape because they can do many things and can automate various tasks and reduce manual workloads. For example, e-commerce, having a website for your business is one way to showcase your business. With the use of these digital tools, it increased efficiency.
Go Negosyo conducts training programs and workshops that focuses on digital skills, e-commerce, and technology adoption. Also providing resources, partnerships, and policy advocacy to empower SMEs in the Philippines.
10. In your opinion, which Go Negosyo program or initiative
do you find most impactful for aspiring entrepreneurs? Why?
– For me, it would be the Kapatid Mentor Me (KMME). Since KMME is designed to provide guidance, support, and knowledge transfer from experienced mentors. I find this program most impactful for aspiring entrepreneurs because it assists SMEs in starting their business offering various platforms and partnership and also providing finance and trainings and workshops
1. How does Go Negosyo aim to empower small and medium-sized enterprises (SMEs) in the Philippines?
Go Negosyo aims to empower SMEs by providing them with training programs like production and management training, and technology transfer, also for technical jobs, that the TESDA provides.
2. What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain its key provisions.
It supports small and medium enterprises by giving them ease of doing business and much more accessible to the government. In addition, it empowers the competitive Filipino entrepreneurs to scale up their micro small, and medium enterprises. This also provides help to starting enterprises by providing them with loans and financial assistance.
3. Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs?
Some of the capacity-building workshops and seminars offered by Negosyo Centers are, 3M on Wheels (3MOW)(mentorship, money market), Kapatid Mentor Me (KMME), Kapatid Angat Lahat Agri Program (KALAP), and many others. These workshops and seminars offered by Negosyo Centers allow new and current entrepreneurs to know more about how businesses work and how they can scale up their own businesses. It can also encourage aspiring entrepreneurs who are still in the processs of learning ways to start their own businesses.
4. Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
With the help of KMME, MSEs were able to strengthen their Business Improvement Plans because of the coaches that KMME provided to mentees of their program. This gives the mentees an idea of how they will be able to scale up and enhance their businesses because they are given the chance to access mentorship and coaching from experts and also they can access money and the market provided by the program.
5. How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusinesses in the Philippines?
The KAMMP helps farmers and fish folks and agricultural cooperatives by mentoring them to equip them with entrepreneurial mindset and skills. Also by strategizing their resources to expand them.
6. What are the key components of the National Summits organized by Go Negosyo, and how do they benefit aspiring and existing entrepreneurs?
National Summit held a one-day program where entrepreneurs and business people are in one place where they can exchange ideas and learn from each other in their respective business industries. Also in post-pandemic, to help one another to make their enterprises pandemic-proof in the future.
7. Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region. How does AMEN facilitate mentorship for entrepreneurs?
The ASEAN BAC supports MSMEs in the ASEAN region through establishing the ASEAN Mentorship for Entrepreneurs Network (AMEN). This program allows mentors and teaching modules for MSMEs to be continually developed and shared across the ASEAN region to promote inclusive growth and development for the countries included.
8. How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives.
The goal of KALAP is to make agriculture more sustainable and productive, also being profitable and providing jobs in this sector. In addition, to accelerate partnerships between the government and private sectors and also the small businessmen of farmers/fishermen. Lastly, by increasing the profitability of small-scale farmers and fishermen.
9. Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go Negosyo promote this?
It is important that SMEs are able to adapt to the digitalization and technological advancements of the modern business landscape as this will give them an edge if they want to remain in the industry. Being able to adapt to these changes can help in maintaining their competitiveness and relevancy to the consumers/customers. With digital advancement, people are actively picking and looking for ways to easily satisfy their needs and wants to cope up with the ever-changing industry. Go Negosyo is able to promote this importance by constantly encouraging and establishing programs that can help entrepreneurs cope with these changes. Through active mentoring and coaching mentees, they are able to give them ideas on how they can enhance their own businesses.
10.In your opinion, which Go Negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
For me, the most impactful program for the aspiring entrepreneurs in the Philippines is the KMME program that caters aspiring entrepreneurs by teaching them business through coaching and mentoring. Also KMME offers online mentorship that is provided by the government. For example the business of Kristen Faye after she graduated college she enrolled to the KMME program that helped her on her venture in the peanut butter industry called, “Fayenuts”. Being a graduate of the KMME program, she was able to secure a loan under DOST’s SETUP program.
1. Go Negosyo, led by Joey Concepcion, is a Philippine Center for Entrepreneurship (PCE) advocacy. This non-stock, non-profit organization advocates for a change in mindset and attitude. It believes Filipinos can combat poverty through entrepreneurship, fostering an optimistic, creative, resourceful, and persevering character. It tells people to use their resources and skills to start businesses that have the potential to produce income. In addition, Go Negosyo encourages financial institutions to provide small and medium-sized enterprises (SMEs) with easily accessible credit and financing options. This is important for SMEs since obtaining money is often a significant challenge when striving to develop their companies.
2. The significance of Republic Act 10644, or the Go Negosyo Act, is the establishment of Negosyo Centers. In an interview, Bam Aquino explained that a Negosyo Center has four main functions: providing links on financing for micro, small, and medium enterprises (SMEs) through coops or other financing institutions. Another function is mentorship, where business leaders constantly help entrepreneurs. It also serves as a one-stop shop for the processing of requirements. The last function is marketing support to link the entrepreneurs with trade fairs and other major product outlets, as it has been found that many high-quality products have yet to reach the larger market.
3. Negosyo Centers in the Philippines offer various capacity-building workshops and seminars to support entrepreneurs and small and medium-sized enterprises (SMEs). One example is the product development and innovation sessions. These events are all about developing new products, services, and ideas. Entrepreneurs learn to find market possibilities, establish unique selling points, and transform their products and services to meet customers’ changing wants, knowing that innovation can give a business an edge over its competitors. Specifically, last September 22, they had a skills training on kamias fruit processing wherein it educated 20 existing Micro, Small, and Medium Enterprises (MSMEs) on processing different products made of kamias fruit. Seminars on financial literacy are also held to teach entrepreneurs how to manage their finances effectively such as Accounting for Non- accountants and Financial Management are present.
4. Go Negosyo studies problems connected to business and uses those findings to push for policies and programs that help small and medium-sized business enterprises (SMEs). Concerning this, they apply their learning through mentorship and networking, such as the Kapatid Mentor ME (KMME) program. The organization runs training programs where successful leaders and entrepreneurs share their knowledge and advice with SMEs. These mentoring programs enable SMEs to gain understanding from the experiences of others and develop meaningful business relationships. Also, when SMEs face problems, mentors and coaches provide guidance and help brainstorm solutions, thus preventing minor issues from evolving. Their website also stated that the KMME program has been consistently acknowledged as a crucial support that helped many companies stay afloat and even flourish during the Pandemic.
5. Agribusiness faces many problems, such as those caused by the weather, changes in the market, and problems in the supply chain. Kapatid Agri Mentor Me Program (KAMMP) has given agripreneurs ways to build resilience and adapt to unforeseen circumstances, which would have kept their business going. Furthermore, KAAMP helped connect agribusinesses with local and international markets interested in their products. This increased market access enabled agripreneurs to expand their customer base and potentially increase sales and revenue. Not only this, KAAMP has also shifted to online platform during the pandemic wherein they sustained the same modules for mentorship that helped businessmen to survive despite the circumstance.
6. MSME Summit was made to encourage strategic dialogue where people from all kinds of industries can share their ideas and thoughts on how to set up pandemic-proof strategies for post-Covid business recovery and encourage entrepreneurship using the 3Ms (mentorship, money, and market) to make sure that MSMEs and the business community as a whole can recover. Digital Sign Up Now Summit aims to provide a good place to promote online business opportunities, drive digital transformation, and start meaningful conversations between industry players in order to help MSMEs grow in a way that benefits everyone in this digital age with a lot of social and economic change.
7. The ASEAN Mentorship for Entrepreneurs Network (AMEN) was set up by the ASEAN BAC during the Philippine Chairmanship as a Public-Private Partnership (PPP) platform where mentors and teaching modules for MSMEs can be constantly developed and actively shared across ASEAN as an effective way to promote inclusive growth and prosperity for all, as shown by its theme for 2017 (ASEAN BAC 2017).
8. Go Negosyo’ Kapatid Angat Lahat Agri Program or KALAP for short aims to foster the transformation of major agricultural commodities and industries following inclusive business models, sustainable transformation initiatives, and a conducive business environment in the Philippines. For Philippine Agriculture to be productive, profitable, sustainable, and competitive: KALAP aims to, Catalyze partnerships between private companies and government agencies to help smallholder farmers /fishers: foster inclusive business models in the transformation of priority commodity industries; enhance the prosperity of the small holder farmers/fishers; create more job opportunities in the sector.
9. Digitalization and technological adoption simplify repetitive tasks and cut down on paperwork. This efficiency allows SMEs to operate more cost-effectively and serve customers faster. Also, digital tools gather and analyze vast amounts of data, which helps small and medium-sized businesses (SMEs) make choices based on customer tastes, market trends, and how well their operations are running. Data-driven insights lead to better strategies and competitiveness. Go Negosyo knows that the best way to succeed in this digital change is to give the people the skills they need to succeed in this economy and business. Empowering less fortunate people is the real driver of thorough, ongoing digital transformation based on sustainable growth and inclusion. Digital transformation is about changing people’s lives more than it is about changing technology. Last September 23, a Sign-Up Summit was held encouraging MSMEs to embrace digital technology in scaling up their businesses through inspirational talks and informative sessions.
10. Based on my understanding, 3M on Wheels (mentorship, money, market) is the most impactful since it is made to be a quick-stop instructing platform for businesses to build their skills through face- to-face guidance sessions held all over the country by the respected network of Go Negosyo Mentors. This would give aspiring entrepreneurs insights, motivations, and resources to equip them to set up their businesses. Also, this program provides financial assistance, which is an excellent initiative since it is usually a struggle for a start-up.
1. How does Go Negosyo aim to empower small and medium-sized enterprises (SMEs) in the Philippines?
As mentioned on the website, The Go Negosyo Act is like the lighthouse guiding ships through turbulent waters. In other terms, the act aims to help the SMES to keep up and step up with the growing market by being innovative, updated, informed, and to be a developing enterprise.
2. What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain its key provisions.
The operation system of this act is to basically foster national development, promote inclusive growth, and reduce poverty by encouraging the establishment of MSMEs that facilitate local job creation, production and trade in the country. These things make the economy, the country, and the people itself develop and prosper in a productive way.
3. Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs?
As to what I have seen numerous on the website naming, 3M on wheels which platform that not only offers mentorship but widens the horizon for MSMEs. It became a complete package of Mentorship, Money, and Market (the three M’s!), bringing forth a range of opportunities for small and medium enterprises. KMME, a program of providing a lifeline to countless micro and small enterprises. When businesses were struggling to stay afloat, KMME emerged as a steadfast companion, offering guidance, support, and a path to growth. KAMMP, a program which invisions to transform agriculture in the Philippines. The Kapatid Agri Mentor Me Program (KAMMP) brought industry experts to the forefront, serving as mentors to farmers, fisherfolks, cooperatives, and agri-entrepreneurs. Their mission: to equip them with the entrepreneurial mindset and practical knowledge needed for expansion and lastly, National Summits: Fostering a Culture of Entrepreneurship and Innovation, these provide a platform for diverse industries to exchange ideas, strategies, and insights. They serve as a catalyst for creating pandemic-proof strategies, especially for post-COVID business recovery. Through mentorship, financial support, and market access, the summits empower MSMEs and businesses at large.
4. Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
This program, in both its original and online forms, has touched the lives of 11,871 mentees since its inception. It’s a testament to the enduring impact of mentorship. Everyone was taught to stay competitive in the market and how to keep the operations going with proper growth techniques.
5. How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusinesses in the Philippines?
As a part kf the third world country, where agriculture is one of the main sources of living, this program taught entrepreneurs and the aspiring ones how to utilize the available agricultural resources in the country effeciently and at the same time keep the renewable ones sustained.
6. What are the key components of the National Summits organized by Go Negosyo, and how do they benefit aspiring and existing entrepreneurs?
They benefit through gathering aspiring and existing entrepreneurs so innovative and new ideas are visible and presented. Exchange of ideas, strategies, and insights, mentoring through financial support, market access, these events make comnections from one business to another available. Market expansions are about to be expected to happen with this kind of event.
7. Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region. How does AMEN facilitate mentorship for entrepreneurs?
AMEN was boosted with the support of the Japan-ASEAN Integration Fund (JAIF) wherein the ASEAN Business Advisory Council (ASEAN-BAC) through its AMEN Project Management Office have conducted a Regional Discussion with relevant stakeholders and series of scoping missions that facilitated the harmonization of mentorship training frameworks and modules and the enhancement of such to suit for a universal use among AMS. To validate the completeness, relevance and inclusiveness of the mentorship modules, pilot tests were conducted in the 3 AMS-Malaysia, Indonesia, and Philippines in 2019.
8. How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives.
As a public-private sector partnership initiative, KALAP aims to promote inclusive economic growth using Go Negosyo’s framework of providing micro, small, and medium enterprises (MSMEs) access to money, markets, and mentoring. Initiatives such as access to financing and credit facilities and mentorship and coaching programs are present in this program.
9. Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go Negosyo promote this?
Technology adoption has not only been a successful survival strategy for SMEs during the pandemic, but it has also become a vital strategy for companies to develop their operational, financial, sales, and marketing strategies if they are to remain competitive. Our findings may encourage company executives to invest in digital technology, particularly cloud computing, big data analytics, and online platforms for marketing and transactions.
10. In your opinion, which Go Negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
3M On Wheels, a reflection of its overarching mission of providing not just mentorship, but a wider range of opportunities for MSMEs.
3M On Wheels (Mentorship, Money, and Market) is a free nationwide mentorship program pioneered by the Philippine Center for Entrepreneurship “Go Negosyo” that is designed as a quick-stop mentoring platform for capacity-building development of entrepreneurs through onsite mentorship encounters across the country conducted by the esteemed network of Go Negosyo Mentors. Concurrently, it offers a variety of access to financial assistance programs and market growth opportunities from our partners to help entrepreneurs achieve their business’ sustainable scale-up.
How does GoNegosyo aim to empower SMEs in the Philippines?
GoNegosyo aims to promote ease of doing business, facilitate access to government services through Negosyo Center. They work closely with government agencies and other stakeholders to create an environment conducive to business growth and conduct seminars, workshops, and training programs to enhance the skills and capabilities of SME owners and entrepreneurs.
Significance of RA10644. Explain key provisions
RA10644’s key provisions is promoting job generation and inclusive growth through the development of micro, small, and medium enterprises. It facilitates job creation, production and trade and can increase income and build business equity and personal assets. One of the most significant provisions of the Act is the establishment of Negosyo Centers. These centers serve as a one-stop shop for entrepreneurs, providing access to various services and information needed to start, operate, and grow their businesses. The Act encourages financial institutions to provide financing options tailored to the needs of MSMEs.
Examples of capacity-building workshops and seminars offered by Negosyo Center and its benefits
P3 Program – deploy fund through micro finance institutions, stabilize informal lending (5-6 lending), prevents micro entrepreneurs from falling victims from scammers
Can borrow up to P200,000 with low interest rate.
Kapatid Mentor Me Program – weekly f2f interactions between mentors/mentees
coaching/mentoring approach
One Town, One Product – drive inclusive local economic growth
Enables localities and communities to determine, develop, support and promote products/services that are rooted in its local culture
GoLokal! – market access platform for MSMES for market incubation and brand testing
Impact of mentorship and coaching programs through KMME
SME entrepreneurs can gain valuable skills, result in improved business performance, expand professional network, provide emotional support, and build confidence, can stimulate innovation.
How does KAMMP contribute to sustainability?
KAMMP equip agri-entrep with mentors who provide guidance and assistance, with the right entrepreneurial mindset, practical knowledge and strategies. Mentorship programs can foster a culture of innovation by introducing farmers to new technologies, practices, and research findings that support sustainability. It can assist farmers in accessing markets for sustainably produced goods.
Key Components of national summits organized by Go Negosyo and how they benefit aspiring and existing entrepreneurs
National summits often feature prominent speakers, including successful entrepreneurs, government officials, and industry experts. Panel discussions cover a range of topics relevant to entrepreneurship. Aspiring and existing entrepreneurs gain valuable insights and knowledge from experienced individuals. They can learn about industry trends, best practices, and strategies for business success. Entrepreneurs have the opportunity to participate in hands-on workshops and learn practical skills that they can apply to their businesses. National summits provide a platform for entrepreneurs to network with fellow business owners, potential partners, investors, and mentors.
Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN Region. How does AMEN facilitate mentorship for entrepreneurs?
ASEAN BAC works to promote the growth and development of MSMEs in the ASEAN region. The council offers policy recommendations to ASEAN governments that are aimed at fostering a conducive business environment for MSMEs. ASEAN BAC works towards increasing access to financial services for MSMEs, including credit, insurance, and other forms of financial support. AMEN organizes mentorship programs, workshops, and events where entrepreneurs can interact with their mentors. AMEN may provide an online platform where entrepreneurs can access resources, connect with potential mentors, and participate in virtual mentorship sessions
How does the KALAP foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives.
KALAP catalyzes partnerships between private companies and government agencies to help smallholder farmers /fishers:
foster inclusive business models in the transformation of priority commodity industries;
enhance the prosperity of the smallholder farmers/fishers;
create more job opportunities in the sector.
9. Importance of digitalization and technological adoption in the modern business landscape. How does Go Negosyo promote this?
Digital tools and technologies automate tasks, streamline processes, and enhance overall operational efficiency, allowing businesses to do more with less. It provides access to large volumes of data that can be analyzed for insights and trends, enabling businesses to make informed, data-driven decisions. It can significantly reduce infrastructure costs, making it more cost-effective for businesses to scale their operations. Go Negosyo organizes workshops and seminars focused on digital transformation, educating entrepreneurs on the benefits of adopting technology in their businesses. It offers online resources, articles, and guides on topics related to digitalization, providing entrepreneurs with valuable information on how to leverage technology for business growth.
10. Which Go Negosyo Program or initiative do you find most impactful for aspiring entrepreneurs?
Kapatid Mentor Me Online (KMME Online):
This is an online platform that provides access to mentorship, training, and resources for entrepreneurs.: KMME Online offers a convenient way for entrepreneurs to access valuable information and mentorship resources, especially for those who may face logistical challenges in attending in-person events
1. How does Go Negosyo aims to empower small and medium-sized enterprises (SMEs) in the Philippines?
Go Negosyo aims to assist SMEs in the Philippines in their development. They provide them with training and leadership programs as well as workshops
2. What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain its key provisions.
To support small and medium-sized enterprises in the Philippines, Republic Act 10644, known as the “Go Negosyo Act”, is essential. To make it easier for SMEs to access registration, advice, training, and funding services, it will set up a network of Negosyo Centres across the country by opening up Negosyo Centers across the country which serves as its satellite offices in towns and cities. As a result, the process of starting and growing businesses is simplified. This mandate pushes for coherence regarding services offered and funding in the different government offices across each region. The Act aims to facilitate entrepreneurship education, enhance access to financing, acknowledge exceptional entrepreneurs, and promote inclusivity by empowering women and indigenous peoples in the field of entrepreneurship. In essence, it offers crucial resources and support, enabling small and medium-sized enterprises (SMEs) to make substantial contributions to the economic growth and development of the nation.
3. Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs?
Recently, there is a program called 3M on wheels. It is a free nationwide mentorship program designed as a quick-stop mentoring platform for capacity-building development of entrepreneurs across the country. he program has been of great service in terms of providing insights into how one’s business ideas can turn into reality. Currently, it has mentored a total of 2,372 MSMEs and aspiring entrepreneurs. These sessions are pivotal in nurturing business growth by enhancing financial acumen, marketing strategies, and regulatory compliance. Workshops encompass topics such as business planning, financial management, and digital marketing, empowering entrepreneurs to chart a path to success.
4. Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
The KMME program was created with the goal of building successful local economies that generate sustainable jobs, support competitive production, and promote inclusive entrepreneurship. It’s essential for the program to continue even after participants graduate to ensure that they remain committed to building a prosperous future for themselves and their communities. After completing the KMME program, there is also still the need keep track of the mentee graduates and assess how the program has enhanced their entrepreneurial skills. By closely monitoring their progress, the DTI can identify those who are thriving and those who may need additional support. The main advantages of the program are hands-on learning, easy networking, a conducive environment, and the trainers’ undivided attention.
Via an assessment study conducted by JPAIR multidisciplinary research with it’s research site being the area of Central Visayas, was discovered that 74.75% of the mentee graduates had improved their business status after joining the program.
5. How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusinesses in the Philippines?
Through the program’s goal to harness hard work, creativity, and innovation, small-scale farmers, with the guidance of more established counterparts, can effectively utilize their resources and skills. They can thus turn the assets and business practices that they currently have into that of more sustainability and efficiency. Agriculture being a major contributor into our economic growth and catering to the needs of the masses, such a program can help ensure that agri-entrepreneurs are not left behind in development of technology, expansion, and sustainability.
6. What are the key components of the National Summits organized by Go Negosyo, and how do they benefit aspiring and existing entrepreneurs?
Go Negosyo’s National Summits bring together top-notch speakers, industry experts, and successful entrepreneurs to share insights, strategies, and inspiration. These summits offer a dynamic platform for networking, learning, and collaboration. Aspiring and existing entrepreneurs gain invaluable knowledge, discover growth opportunities, and connect with mentors and potential partners. It’s like a turbo boost for their entrepreneurial journey
E.g Creativty and Innovation summit (networking, inspiration), Kabayan Summit (OFWs), Agri-Negosyo Summit (lectures, discussions, future plans), Filipina Entrepreneurship Summit
7. Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region. How does AMEN facilitate mentorship for
ASEAN BAC is like the supportive big sibling of MSMEs and entrepreneurs in the ASEAN group. They’re all about helping these small businesses grow and succeed in the Southeast Asian neighborhood. One of their influential moves is AMEN, which is like their mentorship program. It’s all about connecting experienced business pros with up-and-coming entrepreneurs, kind of like a mentorship matchmaking service. So, ASEAN BAC, through AMEN, gives these small players a boost by sharing knowledge and experience, helping them navigate the business world like a pro.
8. How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives.
KALAP, the Kapatid Angat Lahat Agri Program, is all about fostering inclusive economic growth in agriculture. They offer training programs that equip farmers with modern techniques, like improving seed quality and farming methods. This leads to higher yields and increased income for small farmers, benefiting the entire agriculture sector.
But that’s not all. KALAP acts as a bridge, connecting small farmers with big businesses. By facilitating these connections, they create a win-win situation. Small farmers gain access to larger markets and better prices for their produce, while the agriculture sector as a whole sees increased productivity and economic growth.
In a nutshell, KALAP plays a crucial role in ensuring that economic growth in agriculture is shared by everyone. It’s like a superhero for the farming community, empowering them with the tools and connections they need to thrive.
9. Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go Negosyo promote this?
In today’s business world, going digital is like giving your small business a turbo boost. It’s all about survival and growth. Digital tools and tech adoption help SMEs reach more customers, streamline operations, and stay competitive.
Go Negosyo knows this drill well. They’re all about empowering small businesses, and one way they do it is by pushing the digital agenda. They offer workshops and webinars that teach SMEs how to use tech tools effectively. From setting up websites to harnessing social media, they help SMEs ride the digital wave.
But it’s not just about knowing the tech stuff. Go Negosyo also connects SMEs with experts who can mentor them on digital strategies. They make sure that tech adoption isn’t just a trend but a real game-changer for small businesses. So, in today’s fast-paced digital world, Go Negosyo is like the sidekick every SME needs to thrive and stay ahead of the curve.
10. In your opinion, which Go Negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
The Creativity and Innovation Summit I feel is a turbo-boost for entrepreneurial dreams. it’s all about thinking outside the box and finding unique solutions. This summit is like a treasure chest of fresh ideas and strategies that can set us apart in the competitive world of business. What makes it super impactful is that it’s not just about theories or bookish stuff. It brings in real-life success stories, battle scars, and strategies from entrepreneurs who’ve been there, done that. It’s like learning from the pros. Plus, it’s highly interactive – we get to ask questions, share ideas, and connect with fellow dream-chasers. Compared to other Go Negosyo programs, this one focuses specifically on the power of creativity and innovation. While others cover important topics too, this summit is the secret sauce that can turn a regular business into a trendsetter. It’s like the X-factor for success, making it a must-attend for anyone who wants to level up their entrepreneurial game.
HANNAH GALLO
ENTRP111
1. How does Go Negosyo aim to empower small and medium-sized enterprises (SMEs) in the Philippines?
The Go Negosyo aims to empower the small and medium-sized enterprises (SMEs) in the country by offering assistance like training, mentoring, financing and technology adoption in order to help the business to prosper and also to empower entrepreneurs to achieve their goals. For example, the Go Negosyo has a “Kapatid Mentor Me” (KMME) program that aims to help small and medium-sized enterprises (SMEs) to grow and develop their business through coaching and mentoring. Through the Go Negosyo, the small and medium enterprises (SMEs) will help them to improve their competitiveness in expanding their market and they could also create more job opportunities.
2. What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain its key provisions.
The Republic Act No. 10644 or also known as the “Go Negosyo Act” plays an important role in supporting the small and medium-sized enterprises (SMEs) in the Philippines. It gives the Filipinos a chance and an opportunity to establish their own businesses that will really help them to support their everyday needs. The key provisions of the Go Negosyo Act is to create “Negosyo Centers” in every province, city, town, and municipality in the Philippines that will serve as one-stop shops for business assistance. Through these centers, it will help SMEs to have an easier access to those programs and training that the Go Negosyo Act offers. For example, the Negosyo Center will offer training and seminars to SMEs that will help them gain insights and strategies for their business.
3. Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs?
One of the programs that the Negosyo Centers offers for capacity-building workshop and seminars is the “3M on Wheels” program. It is a mentorship program that is designed as a quick-stop mentoring platform for the capacity-building development of entrepreneurs. It offers a variety of access to financial assistance programs for entrepreneurs and market growth opportunities in order to achieve their business’ sustainable scale-up. One of the examples is the financial literacy workshops, wherein entrepreneurs will study and learn about the budgeting, managing cash flows and making financial decisions. Through this program, the entrepreneurs will be equipped with their financial management skills which is very important in running your business successfully.
4. Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
Through the “Kapatid Mentor Me” program that offers mentorship and coaching programs to the micro and small enterprises (MSEs) gives a great impact to the entrepreneurs to have guidance, industry insights and advice to their businesses. For example, a food business wants to receive a mentorship program from a successful chef and entrepreneur that can offer insights on how to develop their menu and customer service. Therefore, the KMME program will really help the MSEs to improve their business operation and can increased their revenue.
5. How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusinesses in the Philippines?
The Kapatid Agri Mentor Me Program (KAMMP) is critical to the sustainability and growth of agribusinesses in the Philippines. Experienced mentors provide guidance and knowledge transfer to agribusiness owners and farmers through KAMMP. For example, a small-scale rice farmer may be mentored in modern farming techniques and sustainable agricultural practices. This not only improves crop quality and yield, but also lowers production costs. Furthermore, KAMMP promotes agricultural sector connections and collaboration, assisting agribusinesses in accessing new markets and distribution channels. KAMMP empowers agribusinesses to thrive by enhancing skills and encouraging innovation in order to have food security, rural development, and economic growth in the Philippines.
6. What are the key components of the National Summits organized by Go Negosyo, and how do they benefit aspiring and existing entrepreneurs?
The National Summits organized by Go Negosyo typically include several key components such as inspirational keynote speeches from successful entrepreneurs and government officials, panel discussions featuring industry experts, interactive workshops, and networking opportunities. These events provide a platform for aspiring and existing entrepreneurs to gain valuable insights, knowledge, and inspiration. For example, during a summit, an aspiring entrepreneur can attend workshops on business planning, marketing strategies, and financing options. They can also hear success stories and best practices from accomplished business figures. Networking sessions enable entrepreneurs to connect with potential partners, mentors, and investors, fostering collaboration and growth opportunities. Overall, these summits serve as a valuable resource for entrepreneurs by equipping them with the tools, knowledge, and connections needed to thrive in the competitive business landscape.
7. Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region. How does AMEN facilitate mentorship for entrepreneurs?
The ASEAN Business Advisory Council (ASEAN BAC) is critical in assisting ASEAN’s micro, small, and medium-sized enterprises (MSMEs) and entrepreneurs. It serves as a link between the private sector and the ASEAN governments, advocating for policies and initiatives that promote entrepreneurship and the growth of small and medium-sized enterprises. The ASEAN Mentorship for Entrepreneurs Network (AMEN), one of its key programs, facilitates mentorship for entrepreneurs. AMEN connects experienced mentors with aspiring and established ASEAN entrepreneurs. For example, a Malaysian technology startup founder could benefit from mentorship from a seasoned entrepreneur in Singapore with experience scaling tech businesses.
8. How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives.
The Kapatid Angat Lahat Agri Program (KALAP) is critical to fostering inclusive economic growth in the Philippines’ agricultural sector. Its primary focus is on assisting smallholder farmers, indigenous people, and other marginalized groups. One of its initiatives is to promote diverse and sustainable farming practices. For example, KALAP may implement agroforestry systems, in which farmers plant trees alongside their crops to improve soil fertility and generate additional income through timber or fruit sales. Another initiative aims to improve market access for these farmers by connecting them with buyers and providing post-harvest handling training. KALAP contributes to poverty reduction and economic inclusivity in the agricultural sector by providing knowledge, resources, and market links to traditionally underserved agricultural communities, ensuring that more stakeholders benefit from the country’s agricultural growth.
9. Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go Negosyo promote this?
Digitalization and technological adoption are critical for SMEs in today’s business landscape because they provide numerous benefits such as increased efficiency, expanded customer reach, and increased competitiveness. Using digital tools and platforms allows SMEs to streamline operations, gain access to global markets, and quickly adapt to changing consumer preferences. Go Negosyo promotes this digital transformation through initiatives like the “Pilipinas Angat Lahat sa Digital” campaign, which provides SMEs with e-commerce, digital marketing, and online payment system training. For example, a local artisan selling handmade crafts can broaden their market reach by establishing an online store and marketing through social media platforms, increasing sales and sustaining their business in a rapidly evolving digital economy.
10. In your opinion, which Go Negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
The “Kapatid Mentor Me Program” (KMME) is one of the most effective Go Negosyo initiatives for aspiring entrepreneurs. KMME offers one-on-one mentoring sessions with successful entrepreneurs, allowing aspiring business owners to benefit from industry leaders’ knowledge and experiences. These mentorship relationships are tailored to each mentee’s specific needs and cover a wide range of entrepreneurship topics, from business planning to financial management. A seasoned entrepreneur in the tech industry, for example, can provide advice on product development and market entry strategy to an aspiring tech startup founder.
1. Go Negosyo aims in providing guidance through mapping the way of success to those small and medium-sized enterprises (SMEs) in the Philippines. It enables conferences for MSMEs and businesses in general in providing mentorship, financial assistance, and access to markets.
2. Republic Act 10644 guarantees that businesses in the Philippines will be made easier. One of its actions are programs to empower Filipino entrepreneurs. One of its provisions is free mentoring across the nation called 3M On Wheels as a quick-stop mentoring platform. Go Negosyo makes sure to extend their hand in financing the growth and promotion of MSMEs, as outlined in the MSMED, a Start-up Fund for MSMEs is established for those entrepreneurs that needed a help.
3. There are several capacity-building workshops and seminars that Go Negosyo offers. As a vision to help entrepreneurs create jobs in the country the MSMES can avail the following, 3M On Wheels (3MOW) quick-stop mentoring platform, Kapatid Mentor Me (KMME), Kapatid Agri Mentor Me Program (KAMMP), National Summits, ASEAN Mentorship for Entrepreneurs Network (AMEN), Kapatid Angat Lahat. Through these sessions entrepreneurs are equip with the right knowledge and tool into surviving the business world. It has made their journey as a business person more brighter for they already had an idea how to handle hurdles through the Go Negosyo workshops and seminars.
4.Kapatid mentor me Program, is 10 week one-on-one, module-based consultations and coaching sessions with business experts. The impact of this mentorship and coaching programs on the growth of MSEs has helped the heightening of the businesses despite the pandemic. Several MSEs were able to survive the pandemic for the Go Negosyo provided direction, support, and a way to flourish despite the challenges.
5. Kapatid Agri Mentor Me Program (KAMMP) objectives are to encourage the country’s MSMEs in diving more on the agribusiness in the nation. They believed that it has a lot of potential for entrepreneur. Through the Go-Negosyo 12 week session KAMMP teaches the youth and farmer in utilising technology in expanding and teaching them in planting Cash crop for a sustainable enterprise.
6. National summits organised by Go Negosyo motivates aspiring and existing entrepreneur by being inspired and to connect and relate to the success stories of entrepreneurs nationwide. The Summit served as a valuable venue for education, cooperation, and encouragement by bringing together key stakeholders and enablers to promote competitive Filipino entrepreneurs.
7. ASEAN BAC is said to be a regional mini MBA for business owners. Participants can learn about everything from attitude to cash flow management. They lay foundation on for exchange in entrepreneurial knowledge. By bringing together businesspeople and mentors from the 10 ASEAN Member States. to provide a platform for mentorship that crosses boundaries by utilising the region’s collective experience.
8. Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth by having these 3M’s accessible to our small farmers and fisherfolk, mentorship, access to money and access to markets. With the government and private sector partnering success can be achieved, providing farmers the fair share or profit of their hard work.
9. Digitalization and technological adoption is one of the stepping stone of MSMEs in surviving the business world. It has help multiple enterprises in running their business, this can be a great tool to use in their growth. One of the ways that Go Negosyo promotes this is through partnering with Globe business. It is stated that Digitalization has increased entrepreneurs’ access to technology and highlighted the value of MSMEs’ capabilities, talents, and operations for expansion. The Summit provided an invaluable setting for education, teamwork, and inspiration.
10. In my own opinion, the Go Negosyo program that I find the most impactful would be the mentorship programs. As an aspiring entrepreneur being able to learn and mentored would be big help to step-up my business. Being an amateur business person, learning the right way of running a business and listening to fellow entrepreneurs stories would motive and give me inspiration for what I’m going through is a normal thing and with the right guidance and partner we can help the economy.
How does Go Negosyo aim to empower small and medium sized enterprises (SMEs) in the Philippines?
Go Negosyo is a non-government organization in the Philippines that focuses on empowering small and medium-sized enterprises (SMEs) through various initiatives:
1. **Entrepreneurship Education:** They provide training, workshops, and seminars to aspiring and existing entrepreneurs, equipping them with the knowledge and skills needed to run successful businesses.
2. **Access to Financing:** Go Negosyo connects SMEs with financial institutions and government programs that offer loans, grants, and other financial support to help them start or expand their businesses.
3. **Mentorship Programs:** They facilitate mentorship programs where experienced entrepreneurs and industry experts guide SMEs, offering valuable insights and advice.
4. **Market Access:** Go Negosyo helps SMEs access new markets and distribution channels, both locally and internationally, to expand their customer base and increase sales.
5. **Policy Advocacy:** The organization advocates for policies and regulations that support SME growth and development. They work with the government to create a more favorable business environment for small businesses.
6. **Networking and Collaboration:** Go Negosyo organizes events and platforms for SMEs to network, collaborate, and share ideas with other entrepreneurs, potential partners, and investors.
7. **Innovation and Technology:** They promote the adoption of innovation and technology in SME operations to enhance productivity and competitiveness.
In summary, Go Negosyo aims to empower SMEs in the Philippines by providing them with the knowledge, resources, and support they need to thrive in the business landscape, while also advocating for policies that foster their growth and sustainability.
What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain it’s key provisions.
Republic Act 10644, also known as the “Go Negosyo Act,” is significant in supporting Small and Medium Enterprises (SMEs) in the Philippines by creating a framework for entrepreneurship development. Its key provisions include:
1. **Establishment of Negosyo Centers:** The act mandates the establishment of Negosyo Centers in all provinces, cities, and municipalities in the Philippines. These centers serve as one-stop shops for aspiring and existing entrepreneurs, providing access to information, training, technical assistance, and support services.
2. **Access to Finance:** The Act facilitates access to finance for SMEs by promoting linkages with financing institutions and government programs. It encourages banks to set aside a portion of their loan portfolio for SMEs and startups.
3. **Mentorship and Training:** Negosyo Centers are tasked with organizing and facilitating mentorship programs, training, and seminars for entrepreneurs. They connect SMEs with successful business mentors who can guide and advise them.
4. **Streamlined Business Registration:** The Act aims to simplify and streamline the business registration process, making it easier for SMEs to register and formalize their businesses. This reduces the bureaucratic hurdles that often discourage entrepreneurship.
5. **Information Dissemination:** Negosyo Centers are responsible for disseminating information on market trends, opportunities, and best practices in entrepreneurship. This helps SMEs make informed decisions and stay competitive.
6. **Advocacy and Policy Support:** The Act supports the advocacy efforts of organizations like Go Negosyo in promoting entrepreneurship and advocating for policies that benefit SMEs. It encourages coordination between government agencies and the private sector to create a more supportive business environment.
7. **Access to Shared Service Facilities:** SMEs can access shared service facilities
Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs ?
Negosyo Centers in the Philippines offer a wide range of capacity-building workshops and seminars tailored to the needs of entrepreneurs. Here are some examples of such sessions and their benefits:
1. **Business Planning Workshops:** These workshops guide entrepreneurs in developing comprehensive business plans. Participants learn how to set clear goals, create financial projections, and develop strategies for sustainable growth. This helps entrepreneurs make informed decisions and secure financing.
2. **Marketing and Branding Seminars:** These sessions teach entrepreneurs effective marketing strategies, including digital marketing, social media marketing, and branding techniques. Entrepreneurs can reach a wider audience and build brand awareness, leading to increased sales.
3. **Financial Management Training:** Entrepreneurs learn about basic financial principles, budgeting, cash flow management, and financial record-keeping. This knowledge helps them manage their finances more effectively and make sound financial decisions.
4. **Product Development Workshops:** These workshops focus on helping entrepreneurs improve existing products or develop new ones. They cover aspects like product design, quality control, and innovation, enabling businesses to stay competitive and meet customer demands.
5. **Market Research and Analysis:** Entrepreneurs gain insights into conducting market research, identifying target markets, and understanding customer preferences. This knowledge helps them tailor their products or services to meet market demands.
6. **Digital Skills Training:** In an increasingly digital world, these sessions teach entrepreneurs essential digital skills such as website development, e-commerce, and online sales strategies. This enables businesses to expand their reach online.
7. **Legal and Regulatory Compliance Seminars:** Entrepreneurs learn about business registration, permits, and compliance with government regulations. This ensures that businesses operate legally, avoiding potential legal issues.
8. **Export and International Trade Workshops:** Entrepreneurs interested in expanding globally learn about export procedures, trade regulations, and market entry strategies. This opens up opportunities for international expansion.
9. **Networking and Pitching Events:** These events provide entrepreneurs with opportunities to network, connect with potential partners or investors, and pitch their business ideas. Building a strong network can lead to collaborations and business growth.
10. **Leadership and Team Building Workshops:** Entrepreneurs gain skills in leadership, team management, and conflict resolution. This fosters a productive work environment and helps businesses scale with a capable workforce.
Benefits for Entrepreneurs:
– Enhanced Knowledge: Capacity-building workshops and seminars equip entrepreneurs with practical skills and knowledge that are essential for running successful businesses.
– Improved Decision-Making: Entrepreneurs can make more informed decisions related to business planning, marketing, finance, and operations.
– Increased Competitiveness: By learning best practices and staying updated on industry trends, entrepreneurs can make their businesses more competitive.
– Access to Support Networks: These sessions often provide opportunities for networking and mentorship, connecting entrepreneurs with valuable resources and experienced business professionals.
– Confidence Building: Entrepreneurs gain confidence in their abilities to navigate challenges and grow their businesses, which is crucial for their success.
Overall, capacity-building workshops and seminars offered by Negosyo Centers empower entrepreneurs with the skills and knowledge needed to start, operate, and expand their businesses successfully.
Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME
Mentorship and coaching programs have a significant impact on the growth of Micro and Small Enterprises (MSEs) through the “Kapatid Mentor Me” (KMME) program in the Philippines. Here’s how they contribute to MSE growth:
1. **Knowledge Transfer:** Mentorship programs under KMME involve experienced entrepreneurs and business experts sharing their knowledge and expertise with MSE owners. This knowledge transfer is invaluable as it helps MSEs understand industry-specific best practices, management techniques, and strategies for success.
2. **Skill Development:** MSEs receive practical guidance on various aspects of business operations, including financial management, marketing, product development, and customer service. These programs help entrepreneurs acquire essential skills that can be applied directly to their businesses.
3. **Problem-Solving and Decision-Making:** Mentors and coaches assist MSE owners in identifying and addressing challenges and bottlenecks in their businesses. They provide insights and guidance that enable entrepreneurs to make informed decisions and find creative solutions to problems.
4. **Networking Opportunities:** Through KMME, MSEs have the chance to connect with a network of mentors, fellow business owners, and potential collaborators. These connections can lead to partnerships, supplier relationships, and access to new markets, which are crucial for growth.
5. **Improved Business Strategies:** Mentorship and coaching programs encourage MSEs to develop and refine their business strategies. Entrepreneurs can receive feedback on their business plans and adapt them to changing market conditions, ensuring long-term sustainability.
6. **Increased Confidence:** MSE owners often gain confidence in their abilities and the potential of their businesses through mentorship. This boost in self-assurance can motivate them to take calculated risks, explore new opportunities, and strive for growth.
7. **Access to Resources:** Mentors can provide guidance on accessing financing, grants, and other resources that can fuel business expansion. They may also introduce MSEs to investors or financial institutions willing to support their growth.
8. **Enhanced Productivity and Efficiency:** Mentorship programs emphasize best practices for managing operations and resources effectively. MSEs learn to streamline processes, reduce waste, and improve productivity, leading to cost savings and increased profitability.
9. **Long-Term Planning:** Mentorship encourages MSEs to think beyond day-to-day operations and focus on long-term planning. They learn to set achievable goals and create roadmaps for scaling their businesses sustainably.
10. **Economic Impact:** As MSEs grow and thrive, they contribute to the local economy by creating jobs and generating revenue. This has a positive ripple effect on the community, improving livelihoods and overall economic stability.
In summary, mentorship and coaching programs, such as KMME, play a crucial role in fostering the growth of Micro and Small Enterprises. They provide MSEs with knowledge, skills, and support systems that empower them to overcome challenges, make informed decisions, and ultimately achieve sustainable growth and success. This, in turn, benefits not only the individual businesses but also the broader economy and society.
How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusiness in the Philippines?
The Kapatid Agri Mentor Me Program (KAMMP) contributes significantly to the sustainability and expansion of agribusiness in the Philippines in several ways:
1. **Knowledge Transfer:** KAMMP connects experienced agribusiness mentors with aspiring and existing agri-entrepreneurs. These mentors share their knowledge of agricultural best practices, crop management, livestock care, and agribusiness strategies. This knowledge transfer is essential for improving agricultural productivity and sustainability.
2. **Technical Skills Enhancement:** Participants in KAMMP gain hands-on training and technical skills in various aspects of agriculture, such as soil management, crop rotation, pest control, and sustainable farming practices. This empowers agribusiness owners to optimize their operations.
3. **Market Access and Diversification:** The program helps agribusinesses explore new markets, both domestically and internationally. It encourages diversification of products and value-added processes, enabling farmers to tap into higher-value markets and increase income.
4. **Financial Literacy and Management:** KAMMP provides training in financial literacy and management, helping agri-entrepreneurs create and manage budgets, access financing, and make informed financial decisions. This is crucial for the long-term financial sustainability of agribusinesses.
5. **Sustainable Farming Practices:** The program promotes sustainable farming methods that focus on conserving resources, reducing environmental impact, and ensuring the long-term viability of agricultural operations. This is in line with global trends toward sustainable agriculture.
6. **Access to Resources and Technology:** KAMMP assists agribusinesses in accessing resources such as modern agricultural machinery, seeds, and technology. This leads to increased efficiency and productivity in farming operations.
7. **Networking and Collaboration:** Participants have opportunities to network with fellow agribusiness owners, potential partners, and industry experts. Collaborative efforts can lead to the sharing of resources, knowledge, and market insights, which benefits all involved.
8. **Policy Advocacy:** KAMMP can play a role in advocating for policies that support agribusiness growth and sustainability. By collaborating with government agencies, the program can help address regulatory challenges and create a more conducive environment for agri-entrepreneurs.
9. **Improved Product Quality and Safety:** Through mentorship and training, agribusinesses learn about quality control, food safety standards, and certification processes. This enables them to produce high-quality, safe products that meet market demands.
10. **Community Development:** The success of agribusinesses supported by KAMMP has a positive impact on local communities by creating jobs, improving livelihoods, and contributing to food security. It also encourages the younger generation to consider careers in agriculture.
In summary, the Kapatid Agri Mentor Me Program (KAMMP) plays a vital role in enhancing the sustainability and expansion of agribusiness in the Philippines. It empowers agri-entrepreneurs with knowledge, skills, and resources needed to thrive in a dynamic agricultural landscape while promoting sustainable practices that benefit both farmers and the environment.
What are the key components of the National Summits organized by Go Negosyo and how do they benefit aspiring and existing entrepreneurs?
National Summits organized by Go Negosyo typically encompass several key components, and they offer a range of benefits to both aspiring and existing entrepreneurs. Here are the key components and their benefits:
**1. Inspirational Talks and Keynote Addresses:**
– **Benefits:** These talks provide entrepreneurs with motivation and inspiration by showcasing success stories and experiences of accomplished business leaders. Aspiring entrepreneurs gain valuable insights and the belief that they too can achieve success.
**2. Panel Discussions and Workshops:**
– **Benefits:** These interactive sessions cover a wide range of topics such as business trends, market opportunities, and practical strategies for business growth. Entrepreneurs can learn from experts, ask questions, and gain actionable knowledge.
**3. Business Networking Opportunities:**
– **Benefits:** National Summits facilitate networking among entrepreneurs, mentors, investors, and industry professionals. This networking can lead to collaborations, partnerships, and access to resources and support networks.
**4. Mentorship and Coaching:**
– **Benefits:** Many National Summits offer one-on-one mentorship or coaching sessions with experienced entrepreneurs and industry experts. This personalized guidance helps entrepreneurs address specific challenges and refine their business strategies.
**5. Access to Funding and Investment Opportunities:**
– **Benefits:** Some Summits connect entrepreneurs with potential investors, venture capitalists, and financial institutions. Aspiring and existing entrepreneurs can explore funding options to start or scale their businesses.
**6. Product and Service Exhibitions:**
– **Benefits:** These exhibitions allow entrepreneurs to showcase their products or services to a broader audience, potentially attracting customers, partners, and investors.
**7. Policy Advocacy and Government Support:**
– **Benefits:** National Summits often feature discussions on policy issues affecting entrepreneurship. Entrepreneurs can gain insights into government programs, incentives, and policies that can support their businesses.
Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region . How does AMEN facilitate mentorship for the entrepreneurs?
The ASEAN Business Advisory Council (ASEAN BAC) plays a crucial role in supporting Micro, Small, and Medium Enterprises (MSMEs) and entrepreneurs in the ASEAN (Association of Southeast Asian Nations) region. Here’s an overview of its role and how the ASEAN Mentorship for Entrepreneurs Network (AMEN) facilitates mentorship:
**Role of ASEAN BAC in Supporting MSMEs and Entrepreneurs:**
1. **Policy Advocacy:** ASEAN BAC serves as a bridge between the private sector and ASEAN governments. It advocates for policies and initiatives that promote the growth and development of MSMEs and entrepreneurs. This includes advocating for regulatory reforms, reduced trade barriers, and improved access to financing.
2. **Market Access:** The council works to create a more integrated and harmonized ASEAN market. This benefits MSMEs by providing them with access to a larger consumer base within the ASEAN region, encouraging cross-border trade and business expansion.
3. **Capacity Building:** ASEAN BAC supports initiatives that enhance the capabilities of MSMEs and entrepreneurs. This includes promoting entrepreneurship education, providing training, and facilitating knowledge exchange to improve business skills and competitiveness.
4. **Access to Finance:** The council collaborates with financial institutions and stakeholders to improve access to financing for MSMEs. It encourages the development of financial products and services tailored to the needs of small businesses.
5. **Market Information:** ASEAN BAC helps MSMEs access market information and intelligence, enabling them to make informed decisions about market entry, product development, and export opportunities.
**Role of AMEN in Facilitating Mentorship:**
AMEN, the ASEAN Mentorship for Entrepreneurs Network, is a program under ASEAN BAC that focuses specifically on providing mentorship to entrepreneurs. Here’s how AMEN facilitates mentorship:
1. **Matching Mentors and Mentees:** AMEN identifies experienced and successful entrepreneurs and business leaders willing to serve as mentors. These mentors are matched with aspiring or existing entrepreneurs seeking guidance and mentorship.
2. **Structured Mentorship Programs:** AMEN often organizes structured mentorship programs, which can include one-on-one mentorship, group mentorship sessions, or mentorship clinics. These programs are designed to address specific needs and challenges faced by entrepreneurs.
3. **Tailored Guidance:** Mentors provide tailored guidance and support to their mentees. This can include advice on business strategy, market entry, financial management, and personal development.
How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide specific examples of it’s initiatives
The Kapatid Angat Lahat Agri Program (KALAP) aims to foster inclusive economic growth in the agricultural sector of the Philippines by implementing various initiatives that address the needs of farmers, fisherfolk, and agri-entrepreneurs. Here are some specific examples of KALAP initiatives and how they contribute to inclusive growth:
1. **Access to Market:** KALAP facilitates market linkages for small-scale farmers and fisherfolk, connecting them with buyers, distributors, and retailers. This ensures that their produce reaches a broader consumer base, leading to increased income. For example, KALAP may organize farmer-producer forums or establish partnerships with supermarkets and restaurants to source local products.
2. **Capacity Building:** The program conducts training and capacity-building workshops for farmers and fisherfolk. These sessions cover topics such as sustainable farming practices, post-harvest handling, and value addition. By enhancing skills and knowledge, KALAP empowers individuals to improve their agricultural practices and product quality.
3. **Technology Adoption:** KALAP promotes the adoption of modern farming technologies and practices. For instance, it may introduce farmers to the use of precision agriculture techniques, improved seed varieties, and efficient irrigation methods. These innovations enhance productivity and reduce post-harvest losses.
4. **Access to Financing:** KALAP helps farmers and agri-entrepreneurs access financing options and credit facilities. This enables them to invest in their agricultural ventures, purchase equipment, and expand their operations. For example, KALAP may collaborate with rural banks or microfinance institutions to provide tailored loan products.
5. **Infrastructure Development:** The program supports the construction and improvement of agricultural infrastructure, such as farm-to-market roads, irrigation systems, and post-harvest facilities. These infrastructural investments reduce transportation costs, increase market access, and improve the overall competitiveness of agricultural products.
6. **Value Chain Development:** KALAP works on strengthening agricultural value chains. For instance, it may facilitate the establishment of agri-processing centers where farmers can add value to their products by processing and packaging them. This adds value to raw produce and increases profitability.
7. **Market Information:** KALAP provides farmers with market information and intelligence. This includes data on market prices, consumer preferences, and demand trends. Armed with this information, farmers can make informed decisions about what and when to produce, reducing market uncertainties.
8. **Community-Based Initiatives:** The program supports community-based agricultural projects and cooperatives. These initiatives encourage collective action among farmers, enabling them to pool resources, share knowledge, and negotiate better terms with buyers.
9. **Climate Resilience:** KALAP addresses climate change adaptation and resilience in agriculture. It may promote the use of drought-resistant crops, introduce climate-smart farming practices, and offer training on disaster risk reduction.
10. **Gender-Inclusive Approaches:** KALAP recognizes the role of women in agriculture and ensures that its initiatives promote gender inclusivity. For example, it may provide training and resources to women-led farming cooperatives or offer gender-sensitive training programs.
In summary, the Kapatid Angat Lahat Agri Program (KALAP) fosters inclusive economic growth in the agricultural sector of the Philippines by implementing initiatives that empower farmers, improve their productivity and income, and create a more resilient and competitive agricultural industry. These efforts contribute to reducing poverty and improving the livelihoods of rural communities.
Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape . How does Go Negosyo promote this?
Digitalization and technological adoption are of paramount importance for Small and Medium Enterprises (SMEs) in the modern business landscape. Here’s why, along with how Go Negosyo promotes these aspects:
**Importance of Digitalization and Technological Adoption for SMEs:**
1. **Improved Efficiency:** Digital tools and technologies streamline business operations, reducing manual processes and paperwork. This leads to increased efficiency, faster decision-making, and cost savings.
2. **Enhanced Customer Engagement:** Online presence through websites, social media, and e-commerce platforms allows SMEs to engage with a broader audience. They can reach and communicate with customers more effectively, leading to increased sales and brand loyalty.
3. **Access to Global Markets:** Technology facilitates access to global markets, enabling SMEs to export products and services internationally. Online marketplaces and digital marketing strategies break down geographical barriers.
4. **Data-Driven Decision-Making:** Digital tools provide valuable data and analytics that SMEs can use to understand customer behavior, market trends, and business performance. This data informs strategic decisions and helps identify growth opportunities.
5. **Cost-Effective Marketing:** Digital marketing is often more cost-effective than traditional advertising. SMEs can use targeted online ads, email marketing, and social media to promote their products or services without breaking the bank.
6. **Competitive Advantage:** SMEs that embrace technology can gain a competitive edge. They can adapt to market changes more quickly, respond to customer needs faster, and provide innovative solutions that set them apart from competitors.
7. **Access to Financing:** Online lending platforms and fintech solutions provide easier access to financing for SMEs. Digital records and data can help SMEs secure loans or investments from various sources.
**How Go Negosyo Promotes Digitalization and Technological Adoption:**
1. **Training and Workshops:** Go Negosyo conducts training and workshops that focus on digital skills, e-commerce, and the use of technology in business. These sessions equip SMEs with the knowledge and tools needed to embrace digitalization.
2. **Digital Transformation Support:** Go Negosyo provides guidance on the digital transformation journey. This includes helping SMEs choose the right software, tools, and platforms to streamline operations and enhance their online presence.
3. **Access to Digital Resources:** Go Negosyo offers resources such as webinars, online courses, and digital toolkits to help SMEs understand and leverage digital technologies effectively.
4. **Entrepreneurship Education:** Go Negosyo incorporates digital literacy and technology-related topics into its entrepreneurship education programs. This ensures that aspiring and existing entrepreneurs are prepared for the digital age.
5. **Advocacy for Digital Policies:** Go Negosyo advocates for policies that support digitalization and technology adoption among SMEs. They work with the government to create a conducive environment for digital business growth.
6. **Partnerships:** Go Negosyo collaborates with tech companies, industry experts, and digital service providers to bring SMEs access to cutting-edge technologies and solutions.
7. **Digital Marketing Support:** Go Negosyo helps SMEs improve their digital marketing strategies, including social media marketing, search engine optimization (SEO), and online advertising.
In summary, Go Negosyo recognizes the critical role of digitalization and technological adoption in the success of SMEs in the modern business landscape. By providing education, resources, and advocacy, Go Negosyo empowers SMEs to embrace digital technologies, stay competitive, and thrive in the digital era.
In your own opinion, which Go Negosyo program or initiative do you find impactful?
For me, the KMME or he Kapatid Mentor Me Program is the most impactful because it gives entrepreneurs a hands on training program that would enable them to maximize their skillets based on their businesses.
1.How does Go Negosyo aim to empower small and medium-sized enterprises(SMEs) in the Philippines?
Go Negosyo empowers SMEs in the Philippines through various programs and initiatives. Go Negosyo supports SMEs in the Philippines to overcome obstacles and challenges that are often encountered by small businesses by giving them access to markets, funding, and mentoring.
2.What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain its key provisions.
Republic Act 10644 is a significant act of law in the Philippines helps SMEs grow and contribute to job creation, economic development, and poverty reduction in the Philippines by granting access to business support services, supporting entrepreneurship education, and encouraging collaboration. Go Negosyo supports SMEs in the Philippines to overcome obstacles and challenges that are frequently experienced by small enterprises by giving them access to capital, markets, and mentoring. Go Negosyo hopes to support SMEs in their growth, help the nation’s economy grow, and increase opportunities for employment through these activities.
3.Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs?
Go Negosyo provides mentoring initiatives like 3M On Wheels and Kapatid Mentor Me. A nationwide mentorship initiative called 3MOW aims to increase entrepreneurs’ capabilities through on-site mentoring interactions. KMME, on the other hand, focuses on connecting aspiring and established businesspeople with seasoned executives and subject matter experts who can offer advice and mentoring.
4.Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
Mentorship and coaching are tailored to the specific needs and challenges of each MSEs. This personalized approach ensures that the guidance provided is relevant and impactful. Through mentorship and coaching, MSMEs can improve their business management skills. They learn about financial management, marketing strategies, operational efficiencies, and other critical aspects of running a successful business. The collective growth of MSMEs through mentorship and coaching programs can contribute significantly to the overall economic growth and stability of a region or country.
5.How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusinesses in the Philippines?
The KAMMP program places an extreme value on mentoring by facilitating regular in-person meetings between mentors and mentees to strengthen agribusiness owners’ ability for entrepreneurship[2]. The goal of this mentorship is to improve access to the 3Ms of mentoring, money, and market opportunities. KAMMP helps agribusinesses in growing and sustaining their operations by offering effective mentoring and business advice. The educational program covers a variety of entrepreneurship functional areas and helps the mentees have a deeper grasp of their respective industries. KAMMP helps agribusinesses succeed by offering mentorship and support, which boosts their capacity and raises the survival rate of those businesses. This in turn has a beneficial impact on the Philippines’ agribusiness sector’s expansion and sustainability.
6.What are the key components of the National Summits organized by Go Negosyo, and how do they benefit aspiring and existing entrepreneurs?
The Go Negosyo National Summits give business owners an opportunity to network and receive support for their enterprises. Each year, these summits are hosted with an emphasis on several industries, including MSMEs, tourism, women, youth, and digital, in order to encourage and support these industries, which also support Filipinos. The summits offer a special chance for business mentoring and coaching. Keynote speakers from a variety of business disciplines share their personal stories and offer advise on how to develop and succeed as an entrepreneur. Entrepreneurs can receive one-on-one guidance and mentoring from professionals in the industry. The summits inspire and motivate entrepreneurs, providing them with a platform to learn from successful business leaders and practitioners. The business mentoring offered during the summits helps entrepreneurs develop their businesses, overcome challenges and increase their competitiveness.
7.Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region. How does AMEN facilitate mentorship for entrepreneurs?
Through a number of initiatives and programs, ASEAN BAC assists MSMEs and entrepreneurs. The ASEAN Mentorship for Entrepreneurs Network (AMEN) is one of these programs. By putting entrepreneurs in touch with experienced mentors who can offer direction and assistance, AMEN fosters mentorship for business owners. This mentoring program intends to improve entrepreneurs’ abilities and skills, especially in areas like market access, creativity, business planning, and financial management. Entrepreneurs can gain knowledge from accomplished company leaders and experts by participating in AMEN’s mentorship programs, workshops, and networking events. Through this platform, business owners may sharpen their entrepreneurial abilities, broaden their networks, and learn priceless lessons from professional mentors.
8.How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives.
One of their key initiatives is the Kapatid Angat Lahat program, which is a public-private sector partnership that aims to promote inclusive economic growth. This program provides SMEs with access to money, markets, and mentoring, which are critical elements for the success and growth of SMEs. KALAP provide farmers with access to essential resources such as improved seeds, fertilizers, and modern farming equipment. These resources can enhance productivity and crop yields. They offer training and educational opportunities to farmers.
9.Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go Negosyo promote this?
Technology enables businesses to better understand and engage with their customers. Personalized marketing, online customer support, and data analytics help build stronger customer relationships. Digital tools collect and analyze vast amounts of data, helping businesses make informed decisions, identify trends, and adapt to market changes. Companies that embrace technology often gain a competitive edge in their industries by responding quickly to market shifts and customer demands.
Go Negosyo conducts seminars, workshops, and training sessions that focus on digital skills, e-commerce, and the use of technology in business operations. These programs help entrepreneurs understand the importance of technology and how to leverage it effectively.
10.In your opinion, which Go Negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
For me, the most impactful initiative of Go Negosyo is the Mentorship and Coaching programs. Mentors and coaches typically have extensive knowledge and experience in their respective fields. They can share their insights, lessons learned, and best practices with entrepreneurs, helping them avoid common pitfalls and make informed decisions. Mentors and coaches can provide guidance and advice, offering alternative perspectives and helping entrepreneurs navigate difficult situations. Having a mentor or coach who believes in them and provides encouragement can boost an entrepreneur’s confidence, helping them tackle challenges with a positive mindset.
1. How does Go Negosyo aim to empower small and medium-sized enterprises (SMEs) in the Philippines?
Republic Act No. 10644, commonly referred to as the “Go Negosyo Act,” empowers small and medium-sized enterprises through an array of dynamic initiatives and programs. This legislative action gave rise to Negosyo Centers strategically dispersed throughout the Philippines, serving as nurturing hubs for SMEs. These centers serve as invaluable repositories of services and resources, all thoughtfully consolidated within a single accessible location.
2. What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain its key provisions.
The Go Negosyo Act is profoundly significant in cultivating entrepreneurship and spurring economic development by offering a diverse range of robust support mechanisms to SMEs. It recognizes the need for capacity building among SMEs. The Act mandates as well the establishment of Negosyo Centers in cities and municipalities around the Philippines, which will serve as one-stop shops for SMEs’ business registration, information dissemination, training, and advisory services.
The key provisions encompass several critical elements. Capacity Development involves the provision of comprehensive training, seminars, and workshops meticulously designed to elevate the entrepreneurial skills and knowledge of SME owners. Market Access facilitates the active participation of SMEs in trade fairs, exhibitions, and various marketing initiatives—expanding their market presence. Lastly, Mentorship and Coaching open doors to experienced mentors or business owners who can extend invaluable guidance, advice, and opportunities for networking, significantly benefitting SMEs.
3. Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs?
3M On Wheels. 3M On Wheels is a free nationwide mentorship initiative, meticulously structured to serve as a rapid-deployment mentoring platform. Its primary mission is to foster the capacity-building and holistic development of entrepreneurs through meaningful onsite mentorship experiences spanning the entire nation. This program provides numerous benefits to entrepreneurs, gaining access to a diverse array of financial assistance programs and invaluable market growth opportunities through our esteemed partners. These strategic collaborations are instrumental in supporting entrepreneurs in achieving sustainable and substantial growth for their businesses.
Kapatid Agri Mentor Me Program (KAMMP). The KAMMP extends guidance and essential assistance to empower a diverse range of stakeholders, including farmers, fisheries, agricultural cooperatives, associations, youth, and agricultural enterprises. This program imparts the agripreneurs with essential entrepreneurial mindset, practical knowledge, and equip them with strategies that are instrumental in catalyzing the growth and expansion of their agribusiness ventures.
4. Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
The impact of mentorship and coaching programs of KMME empowers MSE owners with the knowledge, skills, and connections needed to navigate the competitive business landscape. Through mentorship, they are guided and trained in various aspects of business management—marketing, operations, financial management, and strategic planning to improve their overall business acumen. Being coached by industry experts and/or seasoned entrepreneurs not only enriches their entrepreneurial journey but also opens gateways to a vast landscape of market opportunities. Through purposeful networking, their participation in the program can result in forging meaningful partnerships, fostering collaborations, and connecting with potential customers, thereby catalyzing the MSE owners’ growth trajectory in the market.
To illustrate, Rensel’s Food Products, under the management of Chef Selene Puentespina, has availed of KMME program in 2020. What commenced as the production of toasted pastillas in her humble hometown of Isabela have now graced the shelves of local showrooms in Bacolod City and have made significant inroads through participation in trade fairs across the nation. This compelling narrative stands as a living testament to the program’s efficacy in propelling businesses towards elevated heights—refining their products and strategies, which is a pivotal factor in ensuring success and longevity in the market.
5. How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusinesses in the Philippines?
With its mission “to equip them with the entrepreneurial mindset and practical knowledge needed for expansion,” it allows agripreneurs to navigate obstacles, take opportunities, and build thriving enterprises that contribute to the agricultural sector and economic development of the country. Among the lectures in this mentorship program include the sustainable farming practices, which help agribusinesses reduce their environmental impact, conserve natural resources, and fulfill increasing customer needs for eco-friendly products. Ideally, this program also assists agribusinesses in identifying new market opportunities and strategies for expanding their reach, which allows these businesses to be connected with potential buyers, participation in trade fairs and exhibitions—creating opportunities for them to market their products.
7. Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region. How does AMEN facilitate mentorship for entrepreneurs?
The ASEAN Business Advisory Council (ASEAN BAC) is vital in assisting ASEAN’s MSMEs firms and entrepreneurs by offering strategic assistance, advocacy, and activities geared at stimulating their growth and development. Its in supporting MSMEs and entrepreneurs extends to facilitating their reach across regional and international borders. This encompasses a spectrum of initiatives aimed at fostering trade and investment, streamlining trade regulations, and paving the way for seamless market access. Another is the capacity building that provides training, mentorship, and skill development opportunities to enhance their competitiveness in the market. Moreover, it encourages the infusion of innovation and technology into entrepreneurial endeavors. Entrepreneurs are urged to harness the power of e-commerce platforms and digital tools to extend their market presence and reach new horizons.
On the contrary, ASEAN Mentorship for Entrepreneurs Network (AMEN) aims to unite mentors and entrepreneurs hailing from the diverse landscape of the 10 ASEAN Member States. With unwavering clarity of purpose, AMEN aspires to harness the collective wisdom and expertise woven throughout the region, thereby crafting an unparalleled platform for mentorship that defies geographical boundaries and limitations.
8. How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives.
The Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector through offering training and capacity-building programs to help farmers and agripreneurs improve their skills and expertise. This can be illustrated as KALAP providing organic agricultural training to farmers, allowing them to minimize input costs while producing healthier, more marketable crops. Another initiative is its community development, by which KALAP assists in the formation of agricultural cooperatives and associations. An example is enabling farmers to negotiate for better prices and gain access to resources as a group. Financial support is also KALAP’s initiative, which helps farmers and agricultural companies obtain financial resources for their business. Such include partnering with local banks to provide farmers with low-interest loans for the acquisition of machinery.
9. Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go Negosyo promote this?
Digitalization and technological adoption are crucial for SMEs to thrive and compete in today’s business environment. Adopting digital tools improves not only operational efficiency but also market reach, customer engagement, and helps SMEs to make data-driven decisions that drive growth and innovation, which are vital for long-term success. Go Negosyo advocates for programs designed to elevate digital literacy and promote the integration of technology within SMEs. Their initiatives include training in e-commerce, digital marketing, and other pertinent digital solutions.
10. In your opinion, which Go Negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
Personally, it is the Kapatid Mentor Me Program because it provides access to expertise, fosters skill development, offers networking opportunities, tailors guidance, builds confidence, nurtures an entrepreneurial mindset, provides access to resources, offers long-term support, stimulates economic growth, and helps individuals fulfill their entrepreneurial aspirations. The coverage of the program sums up most of the essential topics covered in taking up Entrepreneurship degree.
Submitted by: Andrea Elizabeth Sotto | BSEN4-A; ENTRP111
1. How does Go Negosyo aim to empower small and medium-sized enterprises (SMEs) in the Philippines?
The Go Negosyo empowers small and medium enterprises through Capacity-building workshops and seminars, mentorship and coaching, and access to market and networks. This serves as a training ground from creating a business plan to managing its financial aspects, and provides a platform for business owners to showcase their products and services to potential markets.
2. What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain its key provisions.
Go Negosyo Act or Republic Act No. 10644 strengthens MSMEs and promotes inclusive growth in the country. It provides ease of doing business and assistance in processing important documents needed in starting up a business. By the help of their mentoring programs, this gives starting entrepreneurs an opportunity and provides resources to showcase and improve their products and services to their target market. It also provides market information wherein business owners can acquire knowledge about their target markets and be able to provide what the market needs.
3. Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs?
Capacity-building workshops and seminars such as, business planning, mastering financial management, developing marketing strategies, and innovations. This helps entrepreneurs in establishing their brands, manage their businesses responsibly, attract possible investors, and gain customers.
4. Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
Despite the challenges caused by the pandemic due to the virus’s threats, the KMME has emerged as a steadfast partner for Micro and Small Enterprises (MSEs). The KMME has provided assistance and direction to help these MSEs not only survive but also thrive. Through initiatives like the KMME-MME Online Program, approximately 2,000 MSEs have been rescued. This program involves sharing knowledge, offering mentorship, and contributes in the development of business improvement strategies, which are presented to panelists. These efforts opened doors for market and financial opportunities.
5. How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusinesses in the Philippines?
The primary goal of the KAMMP is to equip farmers, fisherfolks, cooperatives, and agri-preneurs with the entrepreneurial knowledge and expertise necessary for growth. The KAMMP Online platform served as a means for delivering mentorship modules, effectively driving agripreneurs toward achieving success. With enough business knowledge, agri-preneurs may develop and provide innovative products from the agricultural sector that contribute to our environment and promote sustainable business ventures.
6. What are the key components of the National Summits organized by Go Negosyo, and how do they benefit aspiring and existing entrepreneurs?
The different kinds of summits launched are the key components of the National Summits organized by Go Negosyo. They hold different kinds of activities/summits that entrepreneurs may participate in. An example of these summits are, the MSME Summit which is designed to foster strategic dialogues where business owners from different kinds of businesses exchange insights to improve one’s enterprise. Another type of summit is the Filipina Entrepreneurship Summit wherein they focus on Filipina women in the industry. These activities have specific goals which aspiring and existing entrepreneurs can draw inspiration from to incorporate in their business ventures.
7. Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region. How does AMEN facilitate mentorship for entrepreneurs?
The role of the ASEAN Business Advisory Council is significant in its support for entrepreneurs. This includes advocating policies, promoting innovation, establishing partnerships with fellow business individuals, and facilitating trade and investments.
AMEN facilitates mentorship for entrepreneurs by connecting mentors among business owners, providing access to networks and contacts, sharing knowledge and resources, and guiding entrepreneurs on how to run their businesses.
8. How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives.
Kapatid Angat Lahat Agri Program (KALAP) focuses on the agricultural commodities and industries wherein private companies and the government build partnerships with our local farmers/producers. Through partnerships like these, it showcases the abundant produce of our farmers and helps them reach a high-paying market. Another initiative is financial assistance, farmers may partner with financial institutions that may help in acquiring equipment, fertilizers, seeds, and other agricultural needs in order to reproduce resources. KALAP also provides training to educate farmers of modern farming techniques and sustainable agricultural practices that they may need to improve their production processes.
9. Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go Negosyo promote this?
Digitalization and technological adoption is important for SMEs because this brings convenience and makes their production process more efficient and less time consuming. An example of this is the online shopping platforms. Through this, it is easier to market the product and transactions are way faster. The same goes as the online payment system. In today’s generation, it is encouraged to go for cashless transactions.
Go Negosyo provides free training in creating an online platform/website that showcases different products that entrepreneurs may offer to the market.
10. In your opinion, which Go Negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
Kapatid Agri Mentor Me Program (KAMMP) is what impacts me the most as an aspiring entrepreneur. Everyone of us rely on the agriculture industry in order to survive. With the help of private companies and the government partnering with our local farmers, this boosts the productivity of the agriculture sector in producing daily necessities that are needed by everyone. Through this, our country will no longer depend on imports from other nations since we can provide our own supply and we have a lot of resources to choose from. This also boosts our economy and may provide plenty of opportunities for the Filipinos.
1. How does Go Negosyo aim to empower small and medium-sized enterprises (SMEs) in the Philippines?
Go Negosyo is a crucial supporter of small and medium-sized businesses (SMEs) in the Philippines. They emphasize the importance of entrepreneurship and work with the government to create business-friendly rules. They also assist SMEs in securing financing, offer educational programs, connect them with experienced mentors, and provide opportunities to showcase their products.
2. What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain its key provisions.
• Capacity-Building Workshops and Seminars: These are like intensive training sessions for entrepreneurs, covering everything from business planning to financial management.
• Access to Markets and Networks: Go Negosyo creates a platform for SMEs to showcase their products and services through trade fairs, exhibitions, and networking events.
• Mentoring and Coaching: Experienced business leaders offer invaluable advice and assistance to small businesses, serving as mentors in the business world.
3. Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs?
• 3M On Wheels: Offers mentorship, finance, and market bringing multiple opportunities for SME’s.
• Kapatid Mentor Me (KMME): Companion, guidance, support and a path to growth.
The program didn’t just share what they knew; they also helped their trainees create plans to make their businesses better. When these plans were shown to experts, they led to chances to get money and access to new markets.
• Kapatid Agri Mentor Me Program (KAMMP): This initiative brought in experienced experts who acted as mentors for farmers, fishermen, cooperatives, and agricultural entrepreneurs. Their role was to instill an entrepreneurial mindset and provide practical knowledge, helping small business owners prepare for growth and expansion.
• National Summits: Fostering a Culture of Entrepreneurship and Innovation: The summit offers a space for various industries to share ideas, strategies, and valuable insights.
4. Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
The online program came to the rescue of more than 2,000 Micro and Small Enterprises (MSEs). During a challenging period when these businesses were facing difficulties, the KMME program provided companionship, guidance, support, and a roadmap for their recovery. Additionally, they mentored their trainees in creating business strategies. These strategies, when presented to a panel of experts, unlocked access to financial resources and new market opportunities.
5. How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusinesses in the Philippines?
The KAMMP program played a pivotal role in bolstering the long-term viability and growth of agribusiness in the Philippines by introducing KAMMP Online in 2020. Recognizing the imperative need for adaptation in response to the pandemic, KAMMP’s digitalized platform not only ensured the survival of agripreneurs but also facilitated their flourishing, even in the face of exceptionally challenging circumstances.
6. What are the key components of the National Summits organized by Go Negosyo, and how do they benefit aspiring and existing entrepreneurs?
The National Summits offer a space where different industries can share thoughts, plans, and valuable information. They act as a driving force for developing strategies that can withstand pandemics, particularly for businesses recovering after COVID-19.
7. Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region. How does AMEN facilitate mentorship for entrepreneurs?
The ASEAN BAC plays a pivotal role in promoting mentorship and knowledge exchange among MSMEs. AMEN created a platform that unites the most skilled mentors and entrepreneurs from all 10 ASEAN Member States, effectively facilitating mentorship for aspiring entrepreneurs.
8. How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives.
The KALAP Program foster inclusive economic growth in the agricultural sector by being productive, sustainable, profitable and competitive in the market.
Examples of its initiatives:
• Catalyze partnerships between private companies and government agencies to help smallholder farmers/fishers.
• Foster inclusive business models in the transformation of priority commodity industries.
• Enhance the prosperity of the smallholder farmers/fishers.
• Create more job opportunities in the sector.
9. Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go Negosyo promote this?
Enhanced Efficiency and Productivity: Digital tools and technologies streamline operations, automate repetitive tasks, and improve overall efficiency. For SMEs with limited resources, this means they can accomplish more with fewer resources, which is crucial for competitiveness and profitability.
Global Reach: Digitalization opens up global markets to SMEs. Through e-commerce and online platforms, SMEs can reach customers worldwide, expanding their customer base and revenue potential without the need for a physical presence in multiple locations.
Innovation and Adaptation: Staying competitive in the digital age requires constant innovation and adaptability. SMEs that embrace technological change are better positioned to respond to market shifts, customer demands, and emerging trends.
Go Negosyo promotes this by providing e-commerce training, digital marketing, and other relevant digital tools.
10. In your opinion, which Go Negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
One of the most influential programs offered by Go Negosyo for aspiring entrepreneurs is “3M On Wheels” because it provides a comprehensive solution. It not only assists with financing but also offers valuable mentorship and facilitates market access, making it a well-rounded support system.
1. Go Negosyo’s many projects are aimed at equipping small and medium-sized firms (SMEs) in the Philippines with the tools, resources, and assistance they need to be successful in the market. It empowers SMEs in a number of ways, such as:
Access to Information: Through its Negosyo Centers, online tools, and events, Go Negosyo provides helpful information and resources. This knowledge aids SMEs in decision-making and navigating the challenges of entrepreneurship.
Capacity Building: It holds seminars, workshops, and training sessions to strengthen entrepreneurs’ skills and expertise and make them more competitive in their respective industries.
Networking Opportunities: Go Negosyo fosters an atmosphere where SMEs may network, cooperate, and form alliances with other companies, governmental organizations, and investors, which may result in growth opportunities.
Advocacy and Policy Support: The group works closely with the government to improve the business climate for small businesses and promotes legislation that help SMEs.
2. The Go Negosyo Act, also known as Republic Act 10644, is significant in assisting SMEs in the Philippines because of its essential elements. One of these is the act requiring the creation of negosyo centers, which must be established in all towns, cities, and provinces. This is evident is Sections 3 and 4 of the RA 10644, these facilities act as one-stop shops for business owners, offering knowledge, instruction, and support in a variety of business development areas. By helping business owners obtain loans and grants and easing their participation in government financing initiatives, the access to funding increases access to financing. Additionally, mentoring and training that emphasizes the significance of mentoring and training initiatives to assist entrepreneurs in enhancing their company expertise. Streamlined business registration, which lowers administrative barriers for aspiring business owners by streamlining the business registration procedure. Last but not least, MSMEs are given incentives to promote growth and development, such as tax breaks and streamlined regulatory requirements.
3. For entrepreneurs, Negosyo Centers provide a range of capacity-building courses and seminars on topics like business planning, money management, marketing tactics, and product creation evident in the National Summit where these ideas, tactics and innovation can be exchanged and be developed. These seminars like the Mentor Me on Wheels help business owners because:
It enhances their business knowledge and skills.
Provides practical guidance on addressing common business challenges.
Offers opportunities for networking and collaboration with other entrepreneurs.
Increases their confidence and readiness to start or expand their businesses.
4. Through KMME (Kapatid Mentor Me), mentoring and coaching programs play a critical role in the expansion of micro and small companies (MSEs) by offering individualized guidance, business insights, and useful suggestions. By gaining access to seasoned mentors who can share their knowledge and network, receiving guidance in particular business areas they may be unfamiliar with, developing confidence and resilience to overcome challenges, and creating long-term strategies for business growth and sustainability, entrepreneurs benefit from these programs. Successful MSEs can mostly credit their development to the helpful advice and encouragement they received from mentors who have faced comparable difficulties.
5. By matching agripreneurs with knowledgeable mentors, the Kapatid Agri Mentor Me Program (KAMMP) aids in the expansion and sustainability of agribusinesses in the Philippines. This program provides advice on contemporary farming methods, market accessibility, and agribusiness management; it also makes it easier to access financing and government support for the development of agribusiness; it aids agripreneurs in scaling their operations, improving product quality, and increasing profitability; and it promotes cooperation among agribusiness stakeholders, which promotes innovation and industry growth. A small-scale farmer, for instance, might be mentored in organic agricultural techniques, which could result in higher output and better market prospects.
6. The following essential elements are frequently included at the National Summits Go Negosyo organizes:
Panel Discussions: Successful businesspeople, sector specialists, and public figures share their ideas and discuss timely business topics.
Workshops and Breakout Sessions: providing helpful guidance and practical training in different facets of entrepreneurship.
Networking Opportunities: connecting prospective partners, investors, and mentors with established and aspiring business owners.
Exhibition Areas: showcasing locally produced, cutting-edge goods and services.
These summits assist business owners by supplying them with information, motivation, and a venue to develop their networks and look into new opportunities.
7. MSMEs and business owners in the ASEAN region are greatly aided by the ASEAN Business Advisory Council (ASEAN BAC). The ASEAN Mentorship for Entrepreneurs Network (AMEN), run by ASEAN BAC, facilitates cross-border collaborations and market access, offers insights into regional business trends and opportunities, and encourages knowledge sharing and best practices among ASEAN entrepreneurs. It also provides mentorship opportunities for entrepreneurs. AMEN assists company owners in growing their enterprises across national boundaries and entering the variety of ASEAN markets.
8. Through programs like these, the Kapatid Angat Lahat Agri Program (KALAP) promotes inclusive economic growth in the agricultural industry.
Market Linkages: establishing connections between small farmers and agribusinesses and larger markets both locally and abroad.
Technology Adoption: Promoting the use modern agricultural technologies to boost productivity and product quality.
Training and Education: supplying farmers with the information and abilities required for sustainable farming methods.
Access to Financing: facilitating the acquisition of funds for the growth of agribusiness. One of KALAP’s better applications is that it might assist a small-scale rice farmer in using mechanized farming practices, increasing yields and income.
9. In the current business environment, SMEs must embrace digitalization and technology. Go Negosyo promotes this by providing workshops and seminars on digital marketing, e-commerce, and IT solutions; encouraging the use of online platforms and social media for business promotion; facilitating access to digital tools and resources; and advocating for policies that support digitalization and innovation among SMEs. Adopting digital technologies enables SMEs to expand their customer base, streamline their business processes, and remain competitive in a rapidly changing business environment.
10. The KMME (Kapatid Mentor Me) program is one of the Go Negosyo initiatives I believe has the most influence on aspiring business owners. It offers individualized mentoring and coaching, which can completely shift the game for small firms. It is quite valuable to have access to seasoned mentors who can provide advice catered to the requirements of a particular firm. Mentorship supports long-term success in entrepreneurs by accelerating their learning curve and assisting them in navigating obstacles. Additionally, the curriculum is very effective at preparing entrepreneurs for success in the cutthroat business environment because it places a strong emphasis on practical knowledge and real-world experience.
1. How does Go Negosyo aim to empower small and medium-sized enterprises (SMEs) in the Philippines?
This non-profit organization is like a loving parent, dedicated to promoting the growth of SMEs across the country. This act gave rise to Negosyo Centers dispersed over the Philippines, operating as sanctuaries for SMEs. They provide a wealth of services and resources all under one roof.
2. What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain its key provisions
Just as the article mentioned “Go Negosyo Act” is the superhero of the story, It opened a lot of opportunity such as the Negosyo Centers that offer services and resources, all under one roof. These services are the following: 1. Capacity-Building Workshops and Seminars – guiding entrepreneurs in creating a solid business plan to mastering financial management and marketing strategies. 2. Access to Market and Networks – providing trade fairs, exhibitions, and networking events. 3. Mentorship and Coaching – In these program there are invited entrepreneurs and coaches where they share their wisdom and experience in the business world.
3. Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs?
One of the Workshops and seminars that I first handedly experienced was the Youth Entrepreneurship Program that happened last August 15-18, 2023. The lessons was same but the workshop was different compared to a classroom set up, during the workshop we we’re really encouraged to participate in activities which helped us to better grasp the lessons. It was also a way to socialize with other participants and officials widening your network.
4. Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
Through KMME, mentorship and coaching programs became the pillar and foundation of the growing MSEs. Starting during the time of pandemic it stood tall offering companionship, guidance, and support. In addition, its notable act during 2020, KMME-MME online program helped over 2,000 MSEs in partnership with their pool of mentors. By 2021, We can see the result of the these hardwok the program have touched the lives total of 11,871 mentees.
5. How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusinesses in the Philippines?
In response to the challenges posed by the COVID-19 pandemic, KAMMP launched KAMMP Online in 2020. This digital platform allowed agripreneurs to access mentorship and educational modules remotely. This adaptation to digital technology ensures that agribusinesses can continue to thrive even during difficult times, highlighting the program’s commitment to resilience and sustainability.
6. What are the key components of the National Summits organized by Go Negosyo, and how do they benefit aspiring and existing entrepreneurs?
The key components of the National Summits organized by Go Negosyo include networking opportunities, cross-sectoral engagement, mentorship, financial support, and market access. These components collectively empower both aspiring and existing entrepreneurs, enabling them to succeed and contribute to the culture of entrepreneurship and innovation in the Philippines. The summits bring together a vast number of aspiring and existing entrepreneurs, creating a dynamic and diverse ecosystem for networking and idea exchange. This convergence allows entrepreneurs to connect with like-minded individuals, potential partners, mentors, and investors.
7. Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region. How does AMEN facilitate mentorship for entrepreneurs?
The ASEAN Business Advisory Council plays a crucial role in supporting Micro, Small, and Medium-sized Enterprises and entrepreneurs in the ASEAN region. It serves as a bridge between the private sector and government bodies within the ASEAN member states. ASEAN BAC’s primary objectives include promoting entrepreneurship, advocating for business-friendly policies, and fostering economic growth within the region. The establishment of the ASEAN Mentorship for Entrepreneurs Network is one of the ways ASEAN BAC supports MSMEs and entrepreneurs. AMEN, initiated by ASEAN BAC, serves as a dedicated platform for mentorship and knowledge-sharing among entrepreneurs in the ASEAN region. It brings together mentors and entrepreneurs from all ten ASEAN member states.
8. How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives.
KALAP encourages partnerships between private companies and government agencies to support smallholder farmers and fishers. These collaborations can result in access to resources, technology, and markets that smallholders might not have on their own. For example, a partnership between a food processing company and local farmers can ensure a stable market for their produce.
9. Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go Negosyo promote this?
Digitalization and technological adoption are of paramount importance for small and medium-sized enterprises in the modern business landscape. They offer several advantages and opportunities for SMEs, and Go Negosyo’s efforts in promoting digitalization and technology adoption can significantly benefit these businesses. Go Negosyo Promote digitalization through training programs that focus on digital literacy, e-commerce, digital marketing, and other relevant digital skills. These programs equip SMEs with the knowledge and tools needed to harness technology effectively.
10. In your opinion, which Go Negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
For me I find the most impactful is the The 3M on Wheels. 3MOW offers the three M’s: Mentorship, Money, and Market. This means it provides a comprehensive package of support, including mentorship, access to funding opportunities (Money), and access to markets, helping small and medium-sized enterprises (MSMEs) thrive. They provide a unique mentoring platform designed for on-ground encounters. Rather than traditional boardrooms, mentorship happens in the heart of business hubs, promoting real conversations under the open sky. This personal approach fosters strong connections and shared experiences.
Carmona, Anne BSEN4A
QUESTIONS:
How does Go Negosyo aim to empower small and medium-sized enterprises (SMEs) in the Philippines?
One of the many initiatives that the Go Negosyo Act offers to empower SMEs in the Philippines is providing these SMEs access to financing and credit facilities. When starting a business, it is no secret that having the necessary resources and funds are important in establishing it. The most important role of this program is to provide these SMEs with government financing agencies.
What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain its key provisions.
The Go Negosyo Act is very important in supporting SMEs because it was created in order to improve growth, foster national development, and reduce poverty by encouraging these SMEs to establish their own businesses.
Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs?
The KMME or Kapatid Mentor Me, Kapatid Agri Mentor Me Program (KAMMP) is one of the workshops that is provided by the Go Negosyo Act. In these programs, they served as one of the best pillars in supporting micro and small entrepreneurs. The mentors in these programs provided business improvement plans and guidance in nurturing growth for these enterprises.
Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
Many lives and enterprises have been transformed through the KMME. It has created so much good changes that mentees who participated in these programs have their businesses thriving from the help of their mentors.
How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusinesses in the Philippines?
Agriculture has a very significant role in the Philippines. It’s important for farmers, fisherfolks, and agri entrepreneurs to learn from experts of this industry because these mentors from KAMMP prepare them into having the entrepreneurial growth mindset and knowledge needed to expand their enterprise. With that said, discussing sustainability in agribusiness is also prioritized in order for these mentees to know how crucial its role is in the business.
What are the key components of the National Summits organized by Go Negosyo, and how do they benefit aspiring and existing entrepreneurs?
In these National Summits organized by Go Negosyo, many aspiring and existing entrepreneurs come here and exchange thousands of ideas. With this event, many connections are made and plans exchanged. This really benefits all kinds of entrepreneurs because this event enables them to engage in a way where innovation, strategies, and growth foster together. Resulting into even more improvements in their respective businesses.
Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region. How does AMEN facilitate mentorship for entrepreneurs?
The ASEAN Mentorship for Entrepreneurs Network, facilitates mentorship for entrepreneurs by connecting experienced mentors with aspiring business owners. It offers guidance, knowledge, and valuable insights to help entrepreneurs navigate challenges and grow their businesses effectively, contributing to the development of the ASEAN entrepreneurial community.
How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives.
The program KALAP promotes economic growth specifically in agriculture by providing access to markets as it helps farmers connect with larger markets and minimize middle man parties. It is a way to assist/help farmers distribute their produce to specific or potential buyers such as post-harvest facilities and processing companies that could valuably add processing of agricultural products like turning tomato into tomato paste that could increase the value of their produce. KALAP also provides extension workers to expand knowledge towards farmers that could adapt to new technologies and practices. Through the help of these extension workers, it could organize workshops and training wherein these extension workers share several new practices that are efficient in terms of production.
Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go Negosyo promote this?
Go Negosyo promotes this by offering programs, mentorship, and resources to help SMEs embrace digitalization and technological advancements, ensuring they stay relevant and thrive in the modern business and brand awareness.
In your opinion, which Go Negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
Knowing that establishing a business is very challenging, the establishment of negosyo centers are very essential and the most impactful initiative for aspiring entrepreneurs because this center not only provides them with the basic knowledge that they need in order to start their own business. This negosyo center acts almost as a perfect foundation in providing training, mentorship programs, and access to market information making it highly important for aspiring entrepreneurs that seek guidance.
1. How does Go negosyo aim to empower small and medium sized enterprises (SME’s) in the philippines?
– Go Negosyo aims to empower small and medium-sized enterprises (SMEs) in the Philippines by providing them with access to entrepreneurship education, mentorship, and resources. Through various programs and initiatives, they support SMEs in developing their business skills and expanding their market presence.
2. What is the significance of republic act 10644 in supporting SME’s? Explain its key previsions.
– Republic Act 10644, also known as the Go Negosyo Act, is significant in supporting SMEs by promoting ease of doing business and facilitating access to financing and resources. Its key provisions include the creation of Negosyo Centers in local government units to assist entrepreneurs and the establishment of a financing program to provide capital for SMEs.
3. Can you provide examples of capacity building workshops and seminars offered by Negosyo center? How do these sessions benefit entrepreneurs?
– Negosyo Center offers capacity building workshops and seminars on topics like business planning, marketing, and financial management. These sessions benefit entrepreneurs by equipping them with essential skills and knowledge to run successful businesses.
4. Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSE’s) through KMME.
– Mentorship and coaching programs through KMME have a substantial impact on the growth of micro and small enterprises (MSEs) by providing guidance, networking opportunities, and practical advice from experienced mentors, which can help MSEs navigate challenges and scale their businesses.
5. How does the kapatid agri mentor me program (KAMMP) contributes to the sustainability and expansion of agribusiness in the philippines?
– The Kapatid Agri Mentor Me Program (KAMMP) contributes to the sustainability and expansion of agribusiness in the Philippines by pairing agripreneurs with seasoned mentors who share expertise and best practices, ultimately improving the agribusiness sector’s competitiveness and growth.
6. What are the key components of the National Summits organized by Go Negosyo, and how do they benefit aspiring and existing entrepreneurs?
– National Summits organized by Go Negosyo typically include keynote speeches, panel discussions, and networking opportunities. They benefit aspiring and existing entrepreneurs by offering valuable insights, fostering connections, and inspiring innovation in the business community.
7. Explain the role of ASEAN BAC in supporting MSMEs and entreprenuers in the ASEAN region. How does AMEN facilitate mentorship for entreprenuers?
– ASEAN BAC plays a crucial role in supporting MSMEs and entrepreneurs in the ASEAN region by advocating policies that benefit small businesses. AMEN, under ASEAN BAC, facilitates mentorship for entrepreneurs by connecting them with experienced mentors who can provide guidance and support.
8. How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide example of its initiatives.
– The Kapatid Angat Lahat Agri Program (KALAP) fosters inclusive economic growth in the agricultural sector through initiatives such as providing access to modern farming technologies, market linkages, and training for farmers and agribusinesses.
9. Dicuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go negosyo promote this?
– Digitalization and technological adoption are crucial for SMEs in the modern business landscape as they enhance efficiency and competitiveness. Go Negosyo promotes this by offering training and resources to help SMEs embrace digital tools and strategies to grow their businesses.
10. In your opinion, which Go negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
– In my opinion, the Go Negosyo program that I find most impactful for aspiring entrepreneurs is the mentorship and coaching programs, such as KMME and KAMMP. These initiatives provide personalized guidance and support, which can be invaluable for entrepreneurs as they navigate the challenges of business growth and development.
1. Go Negosyo aims to empower small and medium-sized enterprises (SMEs) in the Philippines by providing them with the necessary knowledge, resources, and networks to thrive in the business landscape. They offer various capacity-building programs, mentorship, and training initiatives to enhance the skills and competencies of SME owners and aspiring entrepreneurs. Additionally, Go Negosyo fosters a conducive environment for entrepreneurship through advocacy and policy initiatives to create a more supportive ecosystem for SMEs in the Philippines.
2. Republic Act 10644, also known as the Go Negosyo Act, holds significant importance in supporting SMEs in the Philippines. Its key provisions include the establishment of Negosyo Centers in every city and municipality, which serve as one-stop shops for aspiring and existing entrepreneurs, providing access to information, training, and services necessary for business development. The act also mandates the integration of entrepreneurship education into the curriculum at all levels of education, fostering a culture of entrepreneurship from an early age. Furthermore, it promotes ease of doing business by simplifying the business registration process and reducing red tape, making it easier for SMEs to start and operate their businesses.
3. Examples of capacity-building workshops and seminars are Business Planning Workshops, Product Development and Innovation, Financial Management Seminars and Marketing Seminar. These workshops and seminars offered by Negosyo Centers benefit entrepreneurs by providing them with essential knowledge, skills, and resources to thrive in the business landscape. These sessions empower entrepreneurs to make informed decisions, improve their business practices, and enhance their competitiveness within their industries. Additionally, they facilitate networking opportunities, fostering valuable connections with peers and mentors that can lead to collaborations and partnerships, ultimately contributing to the growth and success of their enterprises.
4. Mentorship and coaching programs have a profound impact on the growth of micro and small enterprises (MSEs) through the Kapatid Mentor ME (KMME) initiative in the Philippines. Firstly, these programs provide MSEs with access to experienced mentors who can offer guidance, share industry insights, and help entrepreneurs navigate challenges. Secondly, mentorship and coaching foster skill development and strategic thinking among MSE owners, enabling them to make informed decisions, improve operations, and identify growth opportunities. Finally, by enhancing the capabilities and confidence of MSEs, KMME mentorship and coaching programs contribute to the overall economic development of the country, creating a more vibrant and resilient SME sector.
5. The Kapatid Agri Mentor Me Program (KAMMP) significantly contributes to the sustainability and expansion of agribusinesses in the Philippines by providing targeted support and resources. KAMMP plays a pivotal role in strengthening the agricultural sector, promoting economic growth, and ensuring food security in the Philippines by nurturing a more vibrant and competitive agribusiness landscape.
6. The key components of the national summit include A Confluence of Minds, Empowering Through Exchange and Nurturing Prosperity and Resilience. These components benefit aspiring and existing entrepreneurs by creating a dynamic environment for learning and growth. Through the exchange of ideas and experiences with successful entrepreneurs and experts, participants gain valuable insights and knowledge to empower their businesses, enhance their resilience in a changing market, and foster prosperity through innovative strategies and collaborations.
7. The ASEAN Business Advisory Council (ASEAN BAC) plays a crucial role in supporting Micro, Small, and Medium-sized Enterprises (MSMEs) and entrepreneurs in the ASEAN region. ASEAN BAC acts as a bridge between the private sector and governments within ASEAN member countries. It advocates for policies and initiatives that promote entrepreneurship and MSME growth, helping create a more favorable business environment. One of ASEAN BAC’s initiatives is the ASEAN Mentorship for Entrepreneurs Network (AMEN).
AMEN facilitates mentorship for entrepreneurs by connecting experienced business leaders with emerging entrepreneurs in the region. These mentors provide guidance, share knowledge, and offer practical advice, empowering mentees to overcome challenges and seize opportunities. By fostering mentorship relationships, AMEN contributes to the development of a robust entrepreneurial ecosystem in the ASEAN region, nurturing the growth and sustainability of MSMEs and startups.
8. The Kapatid Angat Lahat Agri Program (KALAP) fosters inclusive economic growth in the agricultural sector of the Philippines through a range of initiatives. For instance, it facilitates market linkages, connecting small-scale farmers and agri-entrepreneurs to broader markets, thereby increasing their income and market access. Additionally, KALAP promotes technology adoption, skills training, and access to finance, empowering individuals in the agricultural sector to enhance productivity, reduce production costs, and improve the overall competitiveness of their enterprises. These initiatives collectively contribute to inclusive economic growth by lifting the livelihoods of small-scale farmers and agri-entrepreneurs, ultimately benefiting the broader agricultural industry and the economy as a whole.
9. Digitalization and technological adoption are crucial for the growth and sustainability of SMEs in the modern business landscape. They enable SMEs to enhance their competitiveness, streamline operations, reach a broader customer base, and adapt to changing market dynamics. Embracing digital tools and technologies can improve efficiency, reduce costs, and facilitate data-driven decision-making, all of which are essential for SME success.
Go Negosyo promotes digitalization and technological adoption through various programs and initiatives. They offer capacity-building workshops and seminars on digital marketing, e-commerce, and technology integration, providing SMEs with the knowledge and skills to leverage digital tools effectively. Additionally, Go Negosyo advocates for policies that support the digital transformation of SMEs and collaborates with industry partners to provide access to technology resources and expertise. By encouraging and facilitating technological adoption, Go Negosyo empowers SMEs to thrive in the modern business landscape, contributing to economic growth and innovation.
10. In my opinion, one of the most impactful Go Negosyo programs for aspiring entrepreneurs is the “Mentor Me Program” (MEP). This initiative connects aspiring entrepreneurs with experienced mentors who provide guidance, knowledge, and insights to help them navigate the challenges of starting and growing a business. MEP’s personalized mentorship can be particularly valuable as it offers practical advice and tailored support, empowering aspiring entrepreneurs with the skills and confidence needed to succeed in the competitive business landscape. Additionally, the emphasis on one-on-one mentorship fosters a nurturing and collaborative environment, which can significantly accelerate the learning curve for those just starting their entrepreneurial journey.
1. How does Go Negosyo aim to empower small and medium-sized enterprises (SMEs) in the Philippines?
Go Negosyo aims to empower small and medium-sized enterprises (SMEs) in the Philippines through a variety of programs and initiatives that provide support, mentorship, and resources to help SMEs grow and succeed. They focus on promoting entrepreneurship, job creation, and poverty alleviation by equipping aspiring and existing entrepreneurs with the knowledge and tools they need to thrive in the competitive business landscape.
2. What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain its key provisions.
The Republic Act 10644, also known as the Go Negosyo Act, is significant in supporting SMEs in the Philippines because it institutionalizes and strengthens the efforts of Go Negosyo in promoting entrepreneurship and SME development. Its key provisions include:
• Establishment of Negosyo Centers: The act mandates the creation of Negosyo Centers in every province, city, and municipality, which serve as one-stop shops for entrepreneurs, providing business registration assistance, training, and other support services.
• Business Registration Assistance: Negosyo Centers assist entrepreneurs in registering their businesses, making it easier for them to start and formalize their enterprises.
• Training and Development Programs: These centers offer capacity-building workshops, seminars, and training programs to enhance the entrepreneurial skills of SMEs.
• Access to Finance: The act encourages the development of financing programs for SMEs, making it easier for them to access capital for business expansion.
• Mentorship and Coaching: It promotes mentorship programs to guide and advise SMEs, fostering their growth and sustainability.
3. Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs?
Negosyo Centers offer various capacity-building workshops and seminars, including topics such as business planning, financial management, marketing strategies, and digitalization. These sessions benefit entrepreneurs by equipping them with essential skills and knowledge needed to run successful businesses. For example, a workshop on digital marketing can help entrepreneurs expand their online presence and reach a wider customer base.
4. Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
Mentorship and coaching programs through the Kapatid Mentor Me (KMME) initiative provide invaluable guidance and support to micro and small enterprises (MSEs). Experienced mentors offer practical advice, share industry insights, and help MSEs navigate challenges. This mentorship leads to improved business strategies, enhanced decision-making, and increased competitiveness, ultimately contributing to business growth.
5. How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusinesses in the Philippines?
The Kapatid Agri Mentor Me Program (KAMMP) contributes to the sustainability and expansion of agribusinesses in the Philippines by pairing experienced mentors with aspiring agri-entrepreneurs. This mentorship helps agri-entrepreneurs improve their farming practices, market their products effectively, and access financing. By enhancing their agricultural skills and business acumen, KAMMP helps agribusinesses thrive and contribute to the agricultural sector’s growth.
6. What are the key components of the National Summits organized by Go Negosyo, and how do they benefit aspiring and existing entrepreneurs?
National Summits organized by Go Negosyo typically consist of panel discussions, workshops, and networking opportunities. They bring together aspiring and existing entrepreneurs, government officials, and industry experts. The key components include inspirational talks by successful entrepreneurs, discussions on industry trends, and access to resources and networking. These summits benefit entrepreneurs by providing them with knowledge, inspiration, and connections necessary for business growth.
7. Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region. How does AMEN facilitate mentorship for entrepreneurs?
The ASEAN Business Advisory Council (ASEAN BAC) plays a crucial role in supporting MSMEs and entrepreneurs in the ASEAN region. The ASEAN Mentorship for Entrepreneurs Network (AMEN) facilitates mentorship by connecting experienced entrepreneurs with mentees across ASEAN countries. This mentorship helps entrepreneurs gain valuable insights, expand their networks, and navigate regional business opportunities.
8. How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives.
The Kapatid Angat Lahat Agri Program (KALAP) fosters inclusive economic growth in the agricultural sector through initiatives like farmer training, access to financing, and market linkages. For example, KALAP may provide farmers with modern farming techniques, connect them to buyers, and help them secure funding for agricultural investments. These initiatives empower farmers and agri-entrepreneurs, ultimately contributing to the growth of the agricultural sector.
9. Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go Negosyo promote this?
Digitalization and technological adoption are vital for SMEs in the modern business landscape as they enhance efficiency, competitiveness, and market reach. Go Negosyo promotes this by offering training programs and seminars on digital marketing, e-commerce, and technology adoption. These initiatives equip SMEs with the skills and tools needed to leverage technology for business growth and sustainability.
10. In your opinion, which Go Negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
The most impactful Go Negosyo program for aspiring entrepreneurs may vary depending on individual needs and circumstances. However, the Go Negosyo Act (Republic Act 10644) is particularly significant as it institutionalizes support for SMEs through Negosyo Centers, which offer a wide range of services, including mentorship, training, and business registration assistance. This comprehensive approach can have a broad and lasting impact on the development and success of SMEs in the Philippines.
Shelby Mae Jimenea Jeanjaquet BSEN 4-A 09-26-2023
1. How does Go Negosyo aim to empower small and medium-sized enterprises (SMEs) in the Philippines?
– Go Negosyo offers entrepreneurship training such as capacity development workshops and seminars to help aspiring and established entrepreneurs enhance their knowledge and abilities in company management. Go Negosyo offers mentorship and coaching, in which experienced entrepreneurs and professionals guide and share their skills and insights to assist SME’s in growing and strengthening their businesses. They help small and medium-sized enterprises expand their market reach by giving them opportunities to showcase their products and services at trade shows, exhibits, and networking events.
2. What is the significance of Republic Act 10644 (Go Negosyo Act) in supporting SMEs? Explain its key provisions.
– Republic Act 10644 is intended to assist and promote the growth of SMEs. One of the key elements of the Go Negosyo Act is the construction of Go Negosyo Centers in certain sites around the Philippines. These facilities act as a one-stop shop for SME-related services. Another effort is the access to finance and credit facilities, in which the program promotes financial institutions to give financing choices tailored exclusively to SME’s. Go Negosyo works with local governments and groups to develop incubation and innovation centres in select areas. These centers create an atmosphere in which entrepreneurs and creative businesses may flourish and thrive.
3. Can you provide examples of capacity-building workshops and seminars offered by Negosyo Centers? How do these sessions benefit entrepreneurs?
The 3M On Wheels Journey is an initiative under the Go Negosyo Program that aims to empower Filipino entrepreneurs by offering them a comprehensive platform for mentorship and capacity development. This program not only provides onsite mentorship but also presents a wide array of opportunities for small and medium-sized businesses in terms of mentorship, money and market. Through the 3M On Wheels Journey, entrepreneurs are given the necessary tools and guidance to enhance their skills, expand their networks, and thrive in the competitive business landscape.
4. Describe the impact of mentorship and coaching programs on the growth of micro and small enterprises (MSEs) through KMME.
– Many businesses, whether micro, small, or medium-sized. All of which experienced numerous obstacles, with some even closing their doors as a result of the global epidemic. The KMME program, with the assistance of many exceptional mentors, aided a large number of businesses. Mentors not only shared their knowledge and skills with mentees, but they also guided them on how to improve their business ideas. When it was presented to the panelists, it opened up financial and market prospects. 3084 mentees engaged in KMME online activities as we adapt to the new normal in October 2021. Since the start of the organization, it has influenced the lives of 11 871 mentees through both its original and online platforms.
5. How does the Kapatid Agri Mentor Me Program (KAMMP) contribute to the sustainability and expansion of agribusinesses in the Philippines?
– KAMMP matches agribusiness entrepreneurs with seasoned mentors who are experts in agriculture and related sectors. This mentoring teaches mentees about crop production, animal husbandry, and other agricultural techniques. As a result of the COVID-19 agribusinesses faced several obstacles. When the KAMMP program realized there was a need for a solution, it established KAMMP Online for those agripreneurs. This enabled them to live and thrive in the middle of the pandemic.
6. What are the key components of the National Summits organized by Go Negosyo, and how do they benefit aspiring and existing entrepreneurs?
– The key components of Go Negosyo’s National Summit, is A Confluence of Minds, Empowering Through Exchange, and Nurturing Prosperity and Resilience. It enabled entrepreneurs to share their thoughts, tactics, and experiences with a varied set of guests. Entrepreneurs obtain mentorship, financial assistance, and market access chances, allowing them to begin and build their firms. They may also learn about and implement strategies that will allow their businesses to survive even during and after the COVID-19 pandemic. The National Summit is an open space where they may share their ideas, engage with others, and celebrate innovation.
7. Explain the role of ASEAN BAC in supporting MSMEs and entrepreneurs in the ASEAN region. How does AMEN facilitate mentorship for entrepreneurs?
– The ASEAN Business Advisory Council is a key player in supporting Micro, Small, and Medium-sized Enterprises and entrepreneurs in the ASEAN region. Its initiative, the ASEAN Mentorship for Entrepreneurs Network (AMEN), promotes mentorship and knowledge-sharing among MSMEs. AMEN brings together mentors and entrepreneurs from 10 ASEAN Member States, uniting them and harnessing regional expertise. ASEAN BAC advocates for policies that promote entrepreneurship, such as access to finance, regulatory reduction, and cross-border trade. AMEN has been developed with the Japan-ASEAN Integration Fund, ensuring tailored programs for diverse needs. These initiatives contribute to the prosperity and resilience of MSMEs and businesses in the region.
8. How does the Kapatid Angat Lahat Agri Program (KALAP) foster inclusive economic growth in the agricultural sector? Provide examples of its initiatives.
– KALAP aids the building of partnerships between private companies and government organizations in order to assist small-scale farmers and fishermen. These collaborations involve the provision of modern farming techniques, technology, and resources. A cooperation between a private agribusiness firm and a government agency, for example, might result in the distribution of high-yielding seeds or the introduction of efficient agricultural methods to small-scale farmers. KALAP also understands the need of generating agricultural work possibilities. It may encourage agricultural investments that provide jobs in rural regions. A food processing firm, for instance, expanding its operations might provide jobs for local residents, adding to the community’s economic prosperity.
9. Discuss the importance of digitalization and technological adoption for SMEs in the modern business landscape. How does Go Negosyo promote this?
– Digitalization and the adoption of technology are extremely important for small and medium-sized businesses in today’s business world. Firstly, digitalization helps improve efficiency and productivity by automating tasks and improving workflow management. This allows businesses to use their resources more effectively and reduce costs. Secondly, digitalization opens up new opportunities for businesses to engage with customers and expand their market reach. Through digital marketing and e-commerce platforms, businesses can connect with a larger audience, build their brand, and reach customers globally. Go Negosyo recognizes the importance of digitalization for SMEs and provides educational resources, workshops, and funding opportunities to help them navigate the digital landscape. They also advocate for policies that support digital growth in the SME sector and provide networking opportunities for SMEs to connect with digital experts and potential partners.
10. In your opinion, which Go Negosyo program or initiative do you find most impactful for aspiring entrepreneurs? Why?
– For me, The 3M On Wheels program is incredibly significant for individuals who aspire to become entrepreneurs, as it offers accessibility to anyone who dreams of running a successful business. This program goes above and beyond by providing mentorship experiences that take place at various locations throughout the country. Additionally, it offers a wide range of financial assistance programs and market growth opportunities through partnerships, all aimed at helping entrepreneurs achieve sustainable growth and expansion for their businesses.
1. Go Negosyo aims to empower small and medium-sized enterprises (SMEs) in the Philippines through various initiatives designed to provide them with the necessary tools, resources, and support to succeed in the business landscape. Some of the ways it empowers SMEs include:
• Access to Information: Go Negosyo offers valuable information and resources through its Negosyo Centers, online platforms, and events. This information helps SMEs make informed decisions and navigate the complexities of entrepreneurship.
• Capacity Building: It conducts capacity-building workshops, training programs, and seminars to enhance the skills and knowledge of entrepreneurs, making them more competitive in their respective industries.
• Networking Opportunities: Go Negosyo creates a conducive environment for SMEs to network, collaborate, and establish partnerships with other businesses, government agencies, and investors, which can lead to growth opportunities.
• Advocacy and Policy Support: The organization advocates for policies that benefit SMEs and works closely with the government to create a more conducive business environment for small enterprises.
2. Republic Act 10644, also known as the Go Negosyo Act, is significant in supporting SMEs in the Philippines due to its key provisions. One of these is the establishment of negosyo centers the act that mandates the establishment of Negosyo Centers in all municipalities, cities, and provinces. These centers serve as a one-stop-shop for entrepreneurs, providing information, training, and assistance in various aspects of business development. The access to financing that promotes access to financing by assisting entrepreneurs in securing loans and grants and facilitating their participation in government financing programs. Also mentoring and training that emphasizes the importance of mentoring and training programs to help entrepreneurs improve their business skills and knowledge. Streamlined business registration which simplifies the business registration process, reducing bureaucratic hurdles for aspiring entrepreneurs. Lastly, incentives for MSMEs that provides incentives for MSMEs, such as tax exemptions and simplified regulatory requirements, to encourage their growth and development.
3. Negosyo Centers offer various capacity-building workshops and seminars for entrepreneurs, such as business planning, financial management, marketing strategies, and product development. These sessions benefit entrepreneurs by:
• Enhancing their business knowledge and skills.
• Providing practical guidance on addressing common business challenges.
• Offering opportunities for networking and collaboration with other entrepreneurs.
• Increasing their confidence and readiness to start or expand their businesses.
For example, a workshop on digital marketing can help entrepreneurs reach a wider audience and boost sales in the online space, while a financial management seminar can teach them how to manage their finances more effectively, leading to better business sustainability.
4. Mentorship and coaching programs play a crucial role in the growth of micro and small enterprises (MSEs) through KMME (Kapatid Mentor Me) by providing personalized guidance, industry insights, and practical advice. Entrepreneurs benefit from these programs by gaining access to experienced mentors who can share their knowledge and network, receiving guidance in specific areas of business that they may be unfamiliar with, building confidence and resilience to overcome challenges, and developing long-term strategies for business growth and sustainability. Successful MSEs can attribute much of their growth to the valuable insights and support received from mentors who have navigated similar challenges.
5. The Kapatid Agri Mentor Me Program (KAMMP) contributes to the sustainability and expansion of agribusinesses in the Philippines by pairing agripreneurs with experienced mentors. This program offers guidance on modern farming techniques, market access, and agribusiness management, facilitates access to financing and government support for agribusiness development, helps agripreneurs scale their operations, improve product quality, and increase profitability and encourages collaboration among agribusiness stakeholders, fostering innovation and industry growth. For example, a small-scale farmer may receive mentorship on organic farming practices, which can lead to increased productivity and better market opportunities.
6. The National Summits organized by Go Negosyo typically consist of the following key components:
• Panel Discussions: Featuring successful entrepreneurs, industry experts, and government officials discussing relevant business topics and sharing insights.
• Workshops and Breakout Sessions: Offering practical advice and hands-on training in various aspects of entrepreneurship.
• Networking Opportunities: Allowing aspiring and existing entrepreneurs to connect with potential partners, investors, and mentors.
• Exhibition Areas: Showcasing innovative products and services by local businesses.
These summits benefit entrepreneurs by providing them with knowledge, inspiration, and a platform to expand their network and explore new opportunities.
7. ASEAN BAC (ASEAN Business Advisory Council) plays a significant role in supporting MSMEs and entrepreneurs in the ASEAN region. The ASEAN Mentorship for Entrepreneurs Network (AMEN), facilitated by ASEAN BAC, provides mentorship opportunities for entrepreneurs by matching entrepreneurs with experienced mentors from various ASEAN countries, facilitating cross-border collaborations and market access, offering insights into regional business trends and opportunities, promoting knowledge sharing and best practices among ASEAN entrepreneurs. AMEN helps entrepreneurs expand their businesses beyond national borders and tap into the diverse markets within the ASEAN region.
8. The Kapatid Angat Lahat Agri Program (KALAP) fosters inclusive economic growth in the agricultural sector through initiatives such as:
• Market Linkages: Connecting small farmers and agribusinesses with larger markets, both domestically and internationally.
• Technology Adoption: Promoting the use of modern agricultural technologies to improve productivity and product quality.
• Training and Education: Providing farmers with the knowledge and skills needed for sustainable farming practices.
• Access to Financing: Facilitating access to funding for agribusiness development.
One of the best uses of KALAP is it may help a small-scale rice farmer adopt mechanized farming techniques, leading to increased yields and income.
9. Digitalization and technological adoption are crucial for SMEs in the modern business landscape. Go Negosyo promotes this by offering workshops and seminars on digital marketing, e-commerce, and IT solutions, encouraging the use of online platforms and social media for business promotion, facilitating access to digital tools and resources, advocating for policies that support digitalization and innovation among SMEs, embracing digital technologies helps SMEs reach a broader customer base, streamline operations, and stay competitive in a rapidly evolving business environment.
10. In my opinion, one of the most impactful Go Negosyo programs for aspiring entrepreneurs is the KMME (Kapatid Mentor Me) program. It provides personalized mentorship and coaching, which can be a game-changer for small businesses. Having access to experienced mentors who can offer guidance tailored to a specific business’s needs is invaluable. Mentorship not only helps entrepreneurs navigate challenges but also accelerates their learning curve and fosters long-term growth. Plus, the program’s emphasis on practical knowledge and real-world experience makes it highly effective in preparing entrepreneurs for success in the competitive business landscape.
1.Go Negosyo’s primary aim is to empower small and medium-sized enterprises (SMEs) in the Philippines through a wide range of initiatives and programs. These offerings include mentorship, workshops to enhance skills and knowledge, access to financing, assistance in establishing market connections, and advocacy for policies that foster the growth of SMEs. By equipping SMEs with the necessary resources, skills, and knowledge, Go Negosyo helps them overcome challenges, improve their competitiveness, and expand their businesses.
2. Republic Act 10644, known as the Go Negosyo Act, is a significant legislation that provides support to SMEs in the Philippines. It mandates the establishment of Negosyo Centers throughout municipalities, cities, and provinces nationwide. These Centers serve as comprehensive service hubs where aspiring and existing entrepreneurs can access information, training, and support services. Additionally, the act requires the inclusion of entrepreneurship in higher education institution curricula, promoting an entrepreneurial mindset among the youth.
3. Negosyo Centers offer a diverse range of capacity-building workshops and seminars to support entrepreneurs. These sessions cover various topics such as business planning, financial management, marketing strategies, product development, and digital marketing. By providing practical knowledge and skills, these workshops empower entrepreneurs to make informed decisions, enhance their business operations, and adapt to changing market demands. The workshops also create networking opportunities and facilitate knowledge exchange among participants.
4. The Kapatid Mentor Me Program (KMME) has a significant impact on the growth of micro and small enterprises (MSEs) through its mentorship and coaching programs. Experienced entrepreneurs and industry experts mentor MSEs through KMME, offering guidance, sharing best practices, and helping them overcome challenges. This personalized support assists MSEs in developing effective business strategies, improving their skills, and building confidence. The mentorship and coaching programs provided by KMME contribute to the sustainable growth and success of MSEs.
5. The Kapatid Agri Mentor Me Program (KAMMP) supports the sustainability and expansion of agribusinesses in the Philippines by providing mentorship and facilitating knowledge sharing. KAMMP connects experienced agripreneurs with aspiring and existing agribusiness owners, offering guidance on various aspects of agribusiness such as production techniques, market access, value chain development, and financial management. By imparting practical knowledge, KAMMP helps agribusinesses improve their productivity, profitability, and competitiveness.
6. The National Summits organized by Go Negosyo serve as platforms for aspiring and existing entrepreneurs to gain insights, inspiration, and practical knowledge. These summits bring together industry leaders, successful entrepreneurs, government officials, and experts who share their experiences, discuss relevant topics, and provide guidance. The National Summits consist of plenary sessions, panel discussions, networking opportunities, and business mentoring sessions. These events inspire and empower entrepreneurs, foster collaboration, and create an environment conducive to learning and business growth.
7. The ASEAN Business Advisory Council (ASEAN BAC) plays a crucial role in supporting micro, small, and medium enterprises (MSMEs) and entrepreneurs across the ASEAN region. ASEAN BAC works towards establishing a favorable business environment, promoting entrepreneurship, and advocating for policies that benefit MSMEs. The ASEAN Mentorship for Entrepreneurs Network (AMEN), an initiative by ASEAN BAC, facilitates mentorship for entrepreneurs. AMEN connects entrepreneurs with experienced mentors from diverse industries, facilitating the transfer of knowledge, skills development, and networking opportunities across the ASEAN region.
8. The Kapatid Angat Lahat Agri Program (KALAP) promotes inclusive economic growth in the agricultural sector through various initiatives. KALAP focuses on empowering farmers, fisherfolk, and agribusinesses by providing them with access to financing, modern technologies, market connections, and capacity-building programs. For example, KALAP includes initiatives like the Kapatid Agri Microfinance Program, which offers financing options to small-scale agribusinesses. KALAP also advocates for sustainable farming practices, value chain development, and entrepreneurship in the agricultural sector.
9. Digitalization and technological adoption are crucial for SMEs in the current business landscape. They enable SMEs to streamline their operations, expand their reach to broader markets, engage with customers more effectively, and improve overall efficiency. Go Negosyo promotes digitalization and technological adoption through various means, such as organizing workshops and seminars on digital marketing, e-commerce, and technology integration. Go Negosyo also collaborates with industry partners to provide SMEs with access to digital tools, platforms, and resources that can benefit their businesses. By embracing digitalization, SMEs can gain a competitive edge and thrive in the digital economy.
10. The Kapatid Mentor Me Program (KMME) is highly regarded among the Go Negosyo programs for its impact. KMME offers personalized mentoring and coaching to micro and small enterprises (MSEs), assisting them in overcoming challenges and achieving sustainable growth. The program’s focus on one-on-one mentoring and practical guidance from experienced entrepreneursand experts is immensely beneficial for aspiring entrepreneurs. By addressing the specific needs of MSEs and providing tailored support, KMME has the potential to make a significant impact on the success and growth of participating entrepreneurs. However, it’s important to note that the effectiveness and impact of a program can vary depending on individual circumstances and needs. Other Go Negosyo programs and initiatives, such as capacity-building workshops, access to finance, and market linkages, also play a crucial role in empowering entrepreneurs and supporting SME development.