Getting to grips with the learning curve of doing business in the Philippines

One thing that sees the death of peoples dreams in the Philippines is dealing with business ventures. They arrive with high hopes and a spring in their step believing they can outdo the last guy that failed. Reality check and realising that its an entirely different culture and business mind set doesn’t matter we can make this work!

In reality that is what many do and more often than not the information and advice is on hand right in front of them. People like myself have been here a while, I won’t say a long time and I won’t say I know it all because I have done neither. But what I have done is gained experience and knowledge along the way and its still a journey that will continue to be a learning curve.

There have been a lot of negative things written in the last six months but along with that we are still here and there has been many positive things alongside. Often the negatives will overshadow the positives simply because something that irritates you is more likely to be on your mind rather than the playing badminton and jumping straight in the cold pool afterwards before lounging in the warm sun.

If I was going to advise someone to do business here I would simply say take your time and try a few small scale things first. They may not be relevant to what you want to do but a lot of the issues are to do with mindset and trust. If you can conquer those your pretty much on your way to working within the system that is the Philippines business circuit.

Have I learned anything? Did I make mistakes? Did I do things right? well nearly everything I get upto is in the blog and although I stick the negatives sometimes and I do get people saying “hey I just want the positive stuff!” its relative as like life it throws some curve balls with a lot of high and lows your never 100% what will happen next or what today will bring.

2 comments for “Getting to grips with the learning curve of doing business in the Philippines

  1. Tomdean34
    August 17, 2010 at 12:57 am

    Matt
    I think “going slow” for most foreigners is impossible. They come to the Philippines feeling rich and with the attitude that they are going to show everyone how it is done. I have seen foreigners lose everything they owned, and become stranded because they can’t even afford a plane ticket home. I am far from an expert, but I do have some common sense. Some of these foreigners lack even that. I also love to observe things and then gather information and what works and what doesn’t. I have saved a fortune by putting that knowledge to use. It is very hard to believe that they refuse advice and even think you are trying to thwart their efforts in getting some lame business off the ground. Usually you don’t have to wait long for them to fail, and then the excuses and the hate for everything regarding the Philippines come to light. They are so full of themselves, that they will not lay any of the blame on themselves.

  2. Tropicalpenpals
    August 17, 2010 at 1:48 am

    I have heard it many times with “its my business i will run it the way I want”. At the same time they are grumbling about everything.. also handed over some contacts to someone on a plate who’s answer was “don’t need them my wife deals with that business”. Which is why when the renewals come up (they dont come from this area or had to deal with!) I won’t be helping.. I have to be honest generally the people who come via TP are different as generally they are searching for as much information as possible so probably got a head start purely because they listen..