By Moje Ramos-Aquino, FPM
We need entrepreneurs to protect our economy
This is the best time to buy those machines, apparatus, materials and others
that you will need to make your products and service while the peso is
strong against other currencies. Now is the time for our government to pay
off our national debts as much as we could afford without sacrificing
As businessman Rey Angeles would say, "The Philippine economy is not
entrepreneurial. Our government would rather send abroad our hard-working
and talented people to work as employees and build competitive advantage for
foreign industries and help the burgeoning economy of other countries at the
expense of our local industries and our own economy in the long run." This,
in fact, encourages more importation of even the littlest items that we
need, e.g. undergarments, shoes, garments, and others. The garments and
shoes industries were thriving until those who work there started their
exodus abroad. The mining industry is a big casualty also since almost all
our mining and geodetic engineers are now fully employed abroad. And when
these OFWs come home, there is no job waiting for them because there are not
many viable business operating. So they go back abroad and leave their
children and spouse with all the consequences of "broken homes." And
remember, this strong peso will not hold for long.
What do we need to do? Encourage entrepreneurship among our people, not the
buy-and-sell type of entrepreneurs, though. Entrepreneurship in areas that
will use our people's creativity, talent and diligence and our natural
resources to our advantage. Entrepreneurship where our returning OFWs could
use their newly acquired knowledge skills and money just like those
returning Chinese did for China.
I hope these stories will inspire and guide you to get going with the
business idea percolating in your mind.
Q: How many Japanese businessmen does it take to change a light bulb?
A: Five. One to ask the question why six times. One to make sure the new
bulb is Japanese. One to look into the quality of the new bulb. One to
change the bulb. And one to study the export potential of the old bulb.
The town's richest man met with the minister after the Sunday service.
"Why does everyone call me cheap and stingy?" complained the man. "I've
told everyone I'm leaving half my money to the church when I die."
The minister nodded. "It reminds me of the story of the pig and the cow.
The cow was much loved by the farmer and his neighbors, while the pig was
not popular at all. The pig could not understand this and asked the cow
"How come you are so well-like? People say you're generous and good because
you give milk and butter and cream every day. But I give more than that.
From me they get bacon and ham; they even pickle my feet. Yet I am not
popular and you are. Why do you think that i?
The cow looked down at the pig and answered, "Perhaps it's because I give
while I'm still alive."
Woody Allen: If only God would give me some clear sign! Like making a
deposit in my name in a Swiss bank account.
Benjamin Disraeli: It is well known what a middleman is: He is one who
bamboozles one party and plunders the other.
Q: How many creative people does it take to screw in a light bulb?
A: Does it have to be a light bulb?
An oil prospector died and was met by St. Peter at the Heavenly Gates.
"I have bad news," said St. Peter. "You're certainly qualified for
residence here in Heaven, but the section reserved for oil men is full."
The prospector thought for a moment and then asked if he might just say four
words to the present occupants. St. peter agreed. The prospector cupped
his hands and yelled, "Oil discovered in Hell!" In a split second the gate
opened and the compound emptied as all the oil men scrambled down to hell.
St. Peter, amazed, invited the prospector to move right in.
The prospector shook his head and headed for Hell. "No," he said, "I think
I'll go along with them. There might be some truth to that rumor."
Q: How many software programmers does it take to screw in a light bulb.
A: None. It's a hardware problem.
Corporation: An ingenious device for obtaining individual profit without
The biggest joke of all? My cable internet provider—it is out of service
more often than it works.
Happy 83rd birthday to my mom, Nanay Ning, today!