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We have something new for you.... We will share things, thoughts, Questions and Answers about Ways, tips, lists, discussions, do’s, don’ts,
know how’s… anything and everything… extra information beyond books that you will surely excite and entice all of you.
I, together with PATV Team is working hard and continuously strive for excellence in order to give you not just entertainment and general
information. We aim to share with you a degree or an amount greater than life’s norms and standards that will be best for everyone
especially to our Filipino Overseas Workers with their families not only to improve our present lives but to build a better future.
As this is our first… Impok 101, I would like to discuss the meaning “business” since one of the goals of IMPOK is to assist OFW to have a
source of livelihood to rely on when they decide to go back to our home country, the Philippines.
In a typical dictionary, business means The occupation, work, or trade in which a person is engaged. In some dictionaries it says an
1. occupation, profession, or trade - example His business is poultry farming.
2. the purchase and sale of goods in an attempt to make a profit.
3. a person, partnership, or corporation engaged in commerce, manufacturing, or a service; profit-seeking enterprise or concern.
But for common Filipinos, business means “having a kind of freedom and the need of being their own boss.” Freedom to operate
independently and desire to make their own decisions, take their own risks, and reap the rewards of their efforts. But most of them are
having a hard time to make it happen due to decide which business is applicable for them. Apart from the elder’s advise to “start small”.
A small business, also called mom and pop store by some in the United States, is a business that is privately owned and operated, with a
small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or
sole proprietorships. The legal definition of & “small” varies by country and by industry.
In the Philippines, small businesses thrive everywhere: from small sari-sari store (convenience store type), bakeries, beauty parlors,
dressmakers , food stands, etc. It is not known to everyone that procedures in putting them up are the same as large scale businesses.
On our next discussion, I will discuss the options on how to start your own business.