One Day at a Time: Negosyong Pinoy 2006

Last weekend we went to SM Megamall to attend the 1st Negoyong Pinoy Exhibit. Negosyong Pinoy, the 1st micro entrepreneur trade fair in the Philippines was staged by the Center for Small Entrepreneurs (CSE) together with Trade Advertising Exhibitions and Conventions International, Inc. (TRADECON, INC.) to foster entrepreneurship through growth oriented business opportunities. It ran from October 27 - 29, 2006 at the Megatrade Hall 1 of SM Megamall. It took center stage in promoting micro entrepreneurship in one exposition event. The main expo comprised of national government entities, micro-entrepreneurs, banks, home-grown franchise businesses, retailers and wholesalers, exporters and importers, inventrepreneurs, business solutions companies, freight forwarders and cooperatives. It was a good meeting place for people who are looking for business opportunities and to update entrepreneurs of current business trends.

There was an entrance fee of PhP 20 for adults and upon entering the fair, you will be greeted by a lot of people and given brochures about the franchise they offer. You can have a business for as small as PhP 500 startup capital (E-load business). There were new names in food carts/stalls with franchise fee less than PhP 50,000.

A guest from the BIR explained how small businesses with up to PhP 3,000,000 annual net profit can be tax exempt under their program. The requirements are simple and is a solid support that the governement is giving to entrepreneurs.

Casino Filipino presented their e-Casino Filipino franchise. It will cost around PhP 500,000 to setup or convert 3-4 computer stations to run exclusively e-Casino Filipino games. You get 25% of what eCasinoFilipino wins as your earnings - in Pinoy terms "25% ng panalo ng bangka ay iyo." Not bad if this kind of business is your cup of tea.