I’ve always been interested about starting my own business. But for lack of certain things, it’s more daydreaming ;) than a real intent at this point. But out of curiosity, I’ve been trying to look for the procedure for starting a business. I’ve asked a few friends, read some articles, and today I stumbled on Doing Business which has, among other things, a ranking of the ease of doing business in various countries. The Philippines ranks a dismal 144 in the list of 183 countries!!!
The difference between the procedures to start at business in the Philippines and starting one in Singapore, which ranks 1, is telling. No wonder comparatively few attempt to start a business here and even fewer succeed. But I guess there’s a wicked Darwinian mechanism in place here: if you are persistent, determined, and I guess lucky enough to get through all the red tape then you have an excellent chance at succeeding with your business. That’s the government working for you!