Small and medium enterprises (SMEs) comprise 99.6% of registered businesses in the Philippines and employ 70% of the workforce. However, SME statistics in the Philippines are limited due to deficiencies including a lack of timely data, limited coverage of informal SMEs, and restricted availability and compatibility of data. Current initiatives by the government aim to address these issues through projects like the National Business Registration project to create a consolidated database of all registered businesses and the SME Database project to monitor assistance given to SMEs. Improving SME statistics is important for effectively developing policies and programs to support the growth of SMEs in the Philippines.
Problems Of Funding Small And Medium Scale Enterprises In Nigeriaiosrjce
This paper examined the problems of funding small and medium scale enterprises in Nigeria. The
study identified the sources of finance, types of finance available to small scale enterprises and the various
financial challenges bedevilling the smooth operation of small and medium scale enterprises and suggested the
way forward. Observation and review of relevant documents were employed in carrying out the study. It was
discovered that though adequate finance is indispensable for the successful operation of small and medium
scale enterprises, government still needs to create a more conducive environment for small scale business to
thrive by streamlining business tax policies to eliminate extortion from small scale businesses.
Impact of the COVID-19 pandemic on micro, small, and medium enterprises (MSM...MicrosaveConsulting1
MSC presents the report on the impact of the Covid-19 pandemic on micro, small and medium enterprises based in Kenya. It also highlights how the post-pandemic relaxations haven't helped these enterprises in reaping the financial benefit.
Improving Sales in SME Using Internet MarketingIOSR Journals
Abstract : In Indonesia, SMEs are the backbone of the Indonesian economy. Number of SMEs until 2011 to
reach around 52 million. SMEs in Indonesia is very important for the economy because it accounts for 60% of
GDP and 97% of the workforce holds. But access is limited to financial institutions only 25% or 13 million
SMEs who have access to financial institutions. Indonesian government, SMEs, through the Department of
Cooperatives and SMEs, in each province or regency / city.
Although Small and Medium Enterprises (SMEs) is driving the nation's economy, but in reality many of
the problems SMEs are still entangled. The main thing to note is the ability of SMEs to access a wider market.
Because of the ability to change and adapt to a changing environment will determine the existence of small
businesses in the nation's economy. In the end, the existence of small businesses that have high competitiveness
will strengthen the nation's economy as a whole. Thus, in this study will use an appropriate technology tools
that can provide assistance in introducing products through internet and increase sales in each SME
This study uses a sample of students at the State University of Malang that can make a significant
contribution in the small and medium businesses that are being initiated by students.
Keywords: Small Medium Enterprise, Internet Marketing, Sales Improvement
Philippine Business Permits Licensing ProcessKirk Go
A handbook on Philippine business permit & licensing procedures, outlining processes, fees, and appropriate government agencies handling regulatory functions for specific businesses.
Problems Of Funding Small And Medium Scale Enterprises In Nigeriaiosrjce
This paper examined the problems of funding small and medium scale enterprises in Nigeria. The
study identified the sources of finance, types of finance available to small scale enterprises and the various
financial challenges bedevilling the smooth operation of small and medium scale enterprises and suggested the
way forward. Observation and review of relevant documents were employed in carrying out the study. It was
discovered that though adequate finance is indispensable for the successful operation of small and medium
scale enterprises, government still needs to create a more conducive environment for small scale business to
thrive by streamlining business tax policies to eliminate extortion from small scale businesses.
Impact of the COVID-19 pandemic on micro, small, and medium enterprises (MSM...MicrosaveConsulting1
MSC presents the report on the impact of the Covid-19 pandemic on micro, small and medium enterprises based in Kenya. It also highlights how the post-pandemic relaxations haven't helped these enterprises in reaping the financial benefit.
Improving Sales in SME Using Internet MarketingIOSR Journals
Abstract : In Indonesia, SMEs are the backbone of the Indonesian economy. Number of SMEs until 2011 to
reach around 52 million. SMEs in Indonesia is very important for the economy because it accounts for 60% of
GDP and 97% of the workforce holds. But access is limited to financial institutions only 25% or 13 million
SMEs who have access to financial institutions. Indonesian government, SMEs, through the Department of
Cooperatives and SMEs, in each province or regency / city.
Although Small and Medium Enterprises (SMEs) is driving the nation's economy, but in reality many of
the problems SMEs are still entangled. The main thing to note is the ability of SMEs to access a wider market.
Because of the ability to change and adapt to a changing environment will determine the existence of small
businesses in the nation's economy. In the end, the existence of small businesses that have high competitiveness
will strengthen the nation's economy as a whole. Thus, in this study will use an appropriate technology tools
that can provide assistance in introducing products through internet and increase sales in each SME
This study uses a sample of students at the State University of Malang that can make a significant
contribution in the small and medium businesses that are being initiated by students.
Keywords: Small Medium Enterprise, Internet Marketing, Sales Improvement
Philippine Business Permits Licensing ProcessKirk Go
A handbook on Philippine business permit & licensing procedures, outlining processes, fees, and appropriate government agencies handling regulatory functions for specific businesses.
Planning in the region starts with a vision about what we want to be. It is the aspiration of the Filipinos particularly those from SOCCSKSARGEN Region to have a long-term vision for the region and the country as a whole to become a prosperous, predominantly middle class society where no one is poor. The challenge is how every Filipino can afford to have a “matatag, maginhawa at panatag na buhay by 2040.”
Micro, small and medium enterprises (MSMEs) dominate the Philippine business sector particularly in the rural areas. The Philippine government adapted the One Town, One Product (OTOP) program as a job generation and poverty reduction strategy by promoting the creation and growth MSMEs. The study reveals that after six years of implementing the program, it has generated positive results in terms of investments, sales, enterprises assisted and jobs generated. Despite certain limitations and misgivings in its implementation, the study concludes that the program was successful in upgrading rural enterprises and linking them with the mainstream market. Conversely, the entrepreneurs deem the OTOP-Philippines very useful and they are satisfied with the kind of support that their businesses are receiving through the program. Some observations and recommendations for reforms were put forward to make the program more relevant and effective.
International Public Sector Accounting Standards and Financial Reporting in N...iosrjce
IOSR Journal of Economics and Finance (IOSR-JEF) discourages theoretical articles that are limited to axiomatics or that discuss minor variations of familiar models. Similarly, IOSR-JEF has little interest in empirical papers that do not explain the model's theoretical foundations or that exhausts themselves in applying a new or established technique (such as cointegration) to another data set without providing very good reasons why this research is important.
Financial Literacy and Financial Performance of Small and Medium Enterprises ...ijtsrd
There is a perception that SMEs in Nigeria tends to lack skills and knowledge needed to run their businesses profitably. This also tend to have direct impact on the financial performance of SMEs as the small business owners may not be proficient in financial education. This paper examined the role of financial literacy in enhancing the financial performance of SMEs among selected firms in Lagos State. In order to achieve the objective of this paper, some research questions were raised and hypotheses formulated. Various literatures relating to financial literacy and financial performance were reviewed in ordered to establish a relationship between the two constructs under investigations. The study made used of primary data sourced from questionnaires administered to respondents. The research design adopted was survey research design and correlational research design. Three hundred and eighty four SMEs firms were selected from the twenty local government councils in Lagos State. The ordinary least square regression technique was used to analyze the role of financial literacy in enhancing the financial performance of SMEs. The result of the analysis revealed that a relationship exist between financial literacy and financial performance. The study further revealed that SMEs in Lagos State are lacking in financial education poor in financial knowledge weak in cash flow management lack financial discipline amongst others. It is therefore concluded that lack of financial literacy have undermined the financial performance of SMEs in Lagos State in particular and Nigeria in general. The study recommends that SMEs should engage the services of accountants and also send their owners and managers to attend accounting courses, trainings and seminars to provide the necessary basic knowledge of financial education to enable SMEs grow financially. Oguh Festus. A. | Adjene Veronica E. | Onaghise Osagie C. "Financial Literacy and Financial Performance of Small and Medium Enterprises (SMES) among Selected Firms in Lagos State" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-2 , April 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd55089.pdf Paper URL: https://www.ijtsrd.com.com/management/accounting-and-finance/55089/financial-literacy-and-financial-performance-of-small-and-medium-enterprises-smes-among-selected-firms-in-lagos-state/oguh-festus-a
The causes of success in the micro and small enterprises in Brazil paper - ...Cristiano Machado
Artigo apresentado na Conferência anual do Conselho Canadense para Pequenas Empresas e Empreendedorismo 2010.
Paper presented at CCSBE 2010 - Canadian Council for Small Business and Entrepreneurship - Annual Conference 2010.
Apresentação do artigo: "The Causes of Success of the Micro and Small Enterprises in Brazil: a review of the last few years" - Conferência anual (2010) do Conselho Canadense para Pequenas Empresas e Empreendedorismo - Calgary Canada
Presentation of the paper: "The Causes of Success of the Micro and Small Enterprises in Brazil: a review of the last few years" - CCSBE 2010 - Canadian Council for Small Business and Entrepreneurship Annual Conference 2010 - Calgary Canada
CHARTERED ACCOUNTANT’S ASSISTANCE FOR EXPONENTIAL GROWTH OF YOUR BUSINESS IN ...CA. (Dr.) Rajkumar Adukia
This article will be covering how Chartered accountants can make the best use of their expertise to help businesses/organizations in achieving exponential growth by assisting them beyond the areas of taxation & regulatory compliance.
When most people in the industry talk about online or digital reputation management, what they're really saying is Google search and PPC. And it's usually reactive, left dealing with the aftermath of negative information published somewhere online. That's outdated. It leaves executives, organizations and other high-profile individuals at a high risk of a digital reputation attack that spans channels and tactics. But the tools needed to safeguard against an attack are more cybersecurity-oriented than most marketing and communications professionals can manage. Business leaders Leaders grasp the importance; 83% of executives place reputation in their top five areas of risk, yet only 23% are confident in their ability to address it. To succeed in 2024 and beyond, you need to turn online reputation on its axis and think like an attacker.
Key Takeaways:
- New framework for examining and safeguarding an online reputation
- Tools and techniques to keep you a step ahead
- Practical examples that demonstrate when to act, how to act and how to recover
AI-Powered Personalization: Principles, Use Cases, and Its Impact on CROVWO
In today’s era of AI, personalization is more than just a trend—it’s a fundamental strategy that unlocks numerous opportunities.
When done effectively, personalization builds trust, loyalty, and satisfaction among your users—key factors for business success. However, relying solely on AI capabilities isn’t enough. You need to anchor your approach in solid principles, understand your users’ context, and master the art of persuasion.
Join us as Sarjak Patel and Naitry Saggu from 3rd Eye Consulting unveil a transformative framework. This approach seamlessly integrates your unique context, consumer insights, and conversion goals, paving the way for unparalleled success in personalization.
Planning in the region starts with a vision about what we want to be. It is the aspiration of the Filipinos particularly those from SOCCSKSARGEN Region to have a long-term vision for the region and the country as a whole to become a prosperous, predominantly middle class society where no one is poor. The challenge is how every Filipino can afford to have a “matatag, maginhawa at panatag na buhay by 2040.”
Micro, small and medium enterprises (MSMEs) dominate the Philippine business sector particularly in the rural areas. The Philippine government adapted the One Town, One Product (OTOP) program as a job generation and poverty reduction strategy by promoting the creation and growth MSMEs. The study reveals that after six years of implementing the program, it has generated positive results in terms of investments, sales, enterprises assisted and jobs generated. Despite certain limitations and misgivings in its implementation, the study concludes that the program was successful in upgrading rural enterprises and linking them with the mainstream market. Conversely, the entrepreneurs deem the OTOP-Philippines very useful and they are satisfied with the kind of support that their businesses are receiving through the program. Some observations and recommendations for reforms were put forward to make the program more relevant and effective.
International Public Sector Accounting Standards and Financial Reporting in N...iosrjce
IOSR Journal of Economics and Finance (IOSR-JEF) discourages theoretical articles that are limited to axiomatics or that discuss minor variations of familiar models. Similarly, IOSR-JEF has little interest in empirical papers that do not explain the model's theoretical foundations or that exhausts themselves in applying a new or established technique (such as cointegration) to another data set without providing very good reasons why this research is important.
Financial Literacy and Financial Performance of Small and Medium Enterprises ...ijtsrd
There is a perception that SMEs in Nigeria tends to lack skills and knowledge needed to run their businesses profitably. This also tend to have direct impact on the financial performance of SMEs as the small business owners may not be proficient in financial education. This paper examined the role of financial literacy in enhancing the financial performance of SMEs among selected firms in Lagos State. In order to achieve the objective of this paper, some research questions were raised and hypotheses formulated. Various literatures relating to financial literacy and financial performance were reviewed in ordered to establish a relationship between the two constructs under investigations. The study made used of primary data sourced from questionnaires administered to respondents. The research design adopted was survey research design and correlational research design. Three hundred and eighty four SMEs firms were selected from the twenty local government councils in Lagos State. The ordinary least square regression technique was used to analyze the role of financial literacy in enhancing the financial performance of SMEs. The result of the analysis revealed that a relationship exist between financial literacy and financial performance. The study further revealed that SMEs in Lagos State are lacking in financial education poor in financial knowledge weak in cash flow management lack financial discipline amongst others. It is therefore concluded that lack of financial literacy have undermined the financial performance of SMEs in Lagos State in particular and Nigeria in general. The study recommends that SMEs should engage the services of accountants and also send their owners and managers to attend accounting courses, trainings and seminars to provide the necessary basic knowledge of financial education to enable SMEs grow financially. Oguh Festus. A. | Adjene Veronica E. | Onaghise Osagie C. "Financial Literacy and Financial Performance of Small and Medium Enterprises (SMES) among Selected Firms in Lagos State" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-2 , April 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd55089.pdf Paper URL: https://www.ijtsrd.com.com/management/accounting-and-finance/55089/financial-literacy-and-financial-performance-of-small-and-medium-enterprises-smes-among-selected-firms-in-lagos-state/oguh-festus-a
The causes of success in the micro and small enterprises in Brazil paper - ...Cristiano Machado
Artigo apresentado na Conferência anual do Conselho Canadense para Pequenas Empresas e Empreendedorismo 2010.
Paper presented at CCSBE 2010 - Canadian Council for Small Business and Entrepreneurship - Annual Conference 2010.
Apresentação do artigo: "The Causes of Success of the Micro and Small Enterprises in Brazil: a review of the last few years" - Conferência anual (2010) do Conselho Canadense para Pequenas Empresas e Empreendedorismo - Calgary Canada
Presentation of the paper: "The Causes of Success of the Micro and Small Enterprises in Brazil: a review of the last few years" - CCSBE 2010 - Canadian Council for Small Business and Entrepreneurship Annual Conference 2010 - Calgary Canada
CHARTERED ACCOUNTANT’S ASSISTANCE FOR EXPONENTIAL GROWTH OF YOUR BUSINESS IN ...CA. (Dr.) Rajkumar Adukia
This article will be covering how Chartered accountants can make the best use of their expertise to help businesses/organizations in achieving exponential growth by assisting them beyond the areas of taxation & regulatory compliance.
When most people in the industry talk about online or digital reputation management, what they're really saying is Google search and PPC. And it's usually reactive, left dealing with the aftermath of negative information published somewhere online. That's outdated. It leaves executives, organizations and other high-profile individuals at a high risk of a digital reputation attack that spans channels and tactics. But the tools needed to safeguard against an attack are more cybersecurity-oriented than most marketing and communications professionals can manage. Business leaders Leaders grasp the importance; 83% of executives place reputation in their top five areas of risk, yet only 23% are confident in their ability to address it. To succeed in 2024 and beyond, you need to turn online reputation on its axis and think like an attacker.
Key Takeaways:
- New framework for examining and safeguarding an online reputation
- Tools and techniques to keep you a step ahead
- Practical examples that demonstrate when to act, how to act and how to recover
AI-Powered Personalization: Principles, Use Cases, and Its Impact on CROVWO
In today’s era of AI, personalization is more than just a trend—it’s a fundamental strategy that unlocks numerous opportunities.
When done effectively, personalization builds trust, loyalty, and satisfaction among your users—key factors for business success. However, relying solely on AI capabilities isn’t enough. You need to anchor your approach in solid principles, understand your users’ context, and master the art of persuasion.
Join us as Sarjak Patel and Naitry Saggu from 3rd Eye Consulting unveil a transformative framework. This approach seamlessly integrates your unique context, consumer insights, and conversion goals, paving the way for unparalleled success in personalization.
Come learn how YOU can Animate and Illuminate the World with Generative AI's Explosive Power. Come sit in the driver's seat and learn to harness this great technology.
The digital marketing industry is changing faster than ever and those who don’t adapt with the times are losing market share. Where should marketers be focusing their efforts? What strategies are the experts seeing get the best results? Get up-to-speed with the latest industry insights, trends and predictions for the future in this panel discussion with some leading digital marketing experts.
The Secret to Engaging Modern Consumers: Journey Mapping and Personalization
In today's digital landscape, understanding the customer's journey and delivering personalized experiences are paramount. This masterclass delves into the art of consumer journey mapping, a powerful technique that visualizes the entire customer experience across touchpoints. Attendees will learn how to create detailed journey maps, identify pain points, and uncover opportunities for optimization. The presentation also explores personalization strategies that leverage data and technology to tailor content, products, and experiences to individual customers. From real-time personalization to predictive analytics, attendees will gain insights into cutting-edge approaches that drive engagement and loyalty.
Key Takeaways:
Current consumer landscape; Steps to mapping an effective consumer journey; Understanding the value of personalization; Integrating mapping and personalization for success; Brands that are getting It right!; Best Practices; Future Trends
Is AI-Generated Content the Future of Content Creation?Cut-the-SaaS
Discover the transformative power of AI in content creation with our presentation, "Is AI-Generated Content the Future of Content Creation?" by Puran Parsani, CEO & Editor of Cut-The-SaaS. Learn how AI-generated content is revolutionizing marketing, publishing, education, healthcare, and finance by offering unprecedented efficiency, creativity, and scalability.
Understanding
AI-Generated Content:
AI-generated content includes text, images, videos, and audio produced by AI without direct human involvement. This technology leverages large datasets to create contextually relevant and coherent material, streamlining content production.
Key Benefits:
Content Creation: Rapidly generate high-quality content for blogs, articles, and social media.
Brainstorming: AI simulates conversations to inspire creative ideas.
Research Assistance: Efficiently summarize and research information.
Market Insights:
The content marketing industry is projected to grow to $17.6 billion by 2032, with AI-generated content expected to dominate over 55% of the market.
Case Study: CNET’s AI Content Controversy:
CNET’s use of AI for news articles led to public scrutiny due to factual inaccuracies, highlighting the need for transparency and human oversight.
Benefits Across Industries:
Marketing: Personalize content at scale and optimize engagement with predictive analytics.
Publishing: Automate content creation for faster publication cycles.
Education: Efficiently generate educational materials.
Healthcare: Create accurate content for patients and professionals.
Finance: Produce timely financial content for decision-making.
Challenges and Ethical Considerations:
Transparency: Disclose AI use to maintain trust.
Bias: Address potential AI biases with diverse datasets.
SEO: Ensure AI content meets SEO standards.
Quality: Maintain high standards to prevent misinformation.
Conclusion:
AI-generated content offers significant benefits in efficiency, personalization, and scalability. However, ethical considerations and quality assurance are crucial for responsible use. Explore the future of content creation with us and see how AI is transforming various industries.
Connect with Us:
Follow Cut-The-SaaS on LinkedIn, Instagram, YouTube, Twitter, and Medium. Visit cut-the-saas.com for more insights and resources.
[Google March 2024 Update] How To Thrive: Content, Link Building & SEOSearch Engine Journal
March 2024 disrupted the SEO industry. Websites were deindexed, and manual penalties were delivered—all to produce more helpful, more trustworthy search results.
How did your website fare?
Watch us as we delve into the seismic shifts brought about by Google's March 2024 updates and explore strategies to not just survive, but thrive in this dynamic digital landscape.
You’ll learn:
- How to create content that is valuable to users (not just search engines) using E-E-A-T.
- How to build links that can boost rankings and withstand algorithm updates.
- Best practices for content creation and link building so you can thrive during algorithm updates.
With Vince Ramos, we'll examine the implications of the latest algorithm changes on content creation, link building, and SEO practices, and offer actionable insights from businesses like yours that have remained steadfast amidst the volatility.
Using real-life case studies, we’ll also show you the effectiveness of manual link building techniques and person-first content strategies.
Whether you're a seasoned SEO professional, a budding content creator, or anyone in between, this webinar will help you weather the changes in Google's algorithms and capitalize on them for sustained success.
Check out this webinar and unlock the secrets to thriving in the new Google era.
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User JourneysSearch Engine Journal
Digital platforms are constantly multiplying, and with that, user engagement is becoming more intricate and fragmented.
So how do you effectively navigate distributing and tailoring your content across these various touchpoints?
Watch this webinar as we dive into the evolving landscape of content strategy tailored for today's fragmented user journeys. Understanding how to deliver your content to your users is more crucial than ever, and we’ll provide actionable tips for navigating these intricate challenges.
You’ll learn:
- How today’s users engage with content across various channels and devices.
- The latest methodologies for identifying and addressing content gaps to keep your content strategy proactive and relevant.
- What digital shelf space is and how your content strategy needs to pivot.
With Wayne Cichanski, we’ll explore innovative strategies to map out and meet the diverse needs of your audience, ensuring every piece of content resonates and connects, regardless of where or how it is consumed.
It's another new era of digital and marketers are faced with making big bets on their digital strategy. If you are looking at modernizing your tech stack to support your digital evolution, there are a few can't miss (often overlooked) areas that should be part of every conversation. We'll cover setting your vision, avoiding siloes, adding a democratized approach to data strategy, localization, creating critical governance requirements and more. Attendees will walk away with actions they can take into initiatives they are running today and consider for the future.
As the call for for skilled experts continues to develop, investing in quality education and education from a reputable https://www.safalta.com/online-digital-marketing/best-digital-marketing-institute-in-noida Digital advertising institute in Noida can lead to a a success career on this eve
Monthly Social Media News Update May 2024Andy Lambert
TL;DR. These are the three themes that stood out to us over the course of last month.
1️⃣ Social media is becoming increasingly significant for brand discovery. Marketers are now understanding the impact of social and budgets are shifting accordingly.
2️⃣ Instagram’s new algorithm and latest guidance will help us maintain organic growth. Instagram continues to evolve, but Reels remains the most crucial tool for growth.
3️⃣ Collaboration will help us unlock growth. Who we work with will define how fast we grow. Meta continues to evolve their Creator Marketplace and now TikTok are beginning to push ‘collabs’ more too.
SMM Cheap - No. 1 SMM panel in the worldsmmpanel567
Boost your social media marketing with our SMM Panel services offering SMM Cheap services! Get cost-effective services for your business and increase followers, likes, and engagement across all social media platforms. Get affordable services perfect for businesses and influencers looking to increase their social proof. See how cheap SMM strategies can help improve your social media presence and be a pro at the social media game.
For too many years marketing and sales have operated in silos...while in some forward thinking companies, the two organizations work together to drive new opportunity development and revenue. This session will explore the lessons learned in that beautiful dance that can occur when marketing and sales work together...to drive new opportunity development, account expansion and customer satisfaction.
No, this is not a conversation about MQLs and SQLs. Instead we will focus on a framework that allows the two organizations to drive company success together.
Core Web Vitals SEO Workshop - improve your performance [pdf]Peter Mead
Core Web Vitals to improve your website performance for better SEO results with CWV.
CWV Topics include:
- Understanding the latest Core Web Vitals including the significance of LCP, INP and CLS + their impact on SEO
- Optimisation techniques from our experts on how to improve your CWV on platforms like WordPress and WP Engine
- The impact of user experience and SEO
The digital marketing industry is changing faster than ever and those who don’t adapt with the times are losing market share. Where should marketers be focusing their efforts? What strategies are the experts seeing get the best results? Get up-to-speed with the latest industry insights, trends and predictions for the future in this panel discussion with some leading digital marketing experts.
Mastering Local SEO for Service Businesses in the AI Era is tailored specifically for local service providers like plumbers, dentists, and others seeking to dominate their local search landscape. This session delves into leveraging AI advancements to enhance your online visibility and search rankings through the Content Factory model, designed for creating high-impact, SEO-driven content. Discover the Dollar-a-Day advertising strategy, a cost-effective approach to boost your local SEO efforts and attract more customers with minimal investment. Gain practical insights on optimizing your online presence to meet the specific needs of local service seekers, ensuring your business not only appears but stands out in local searches. This concise, action-oriented workshop is your roadmap to navigating the complexities of digital marketing in the AI age, driving more leads, conversions, and ultimately, success for your local service business.
Key Takeaways:
Embrace AI for Local SEO: Learn to harness the power of AI technologies to optimize your website and content for local search. Understand the pivotal role AI plays in analyzing search trends and consumer behavior, enabling you to tailor your SEO strategies to meet the specific demands of your target local audience. Leverage the Content Factory Model: Discover the step-by-step process of creating SEO-optimized content at scale. This approach ensures a steady stream of high-quality content that engages local customers and boosts your search rankings. Get an action guide on implementing this model, complete with templates and scheduling strategies to maintain a consistent online presence. Maximize ROI with Dollar-a-Day Advertising: Dive into the cost-effective Dollar-a-Day advertising strategy that amplifies your visibility in local searches without breaking the bank. Learn how to strategically allocate your budget across platforms to target potential local customers effectively. The session includes an action guide on setting up, monitoring, and optimizing your ad campaigns to ensure maximum impact with minimal investment.
2. Small and Medium Enterprises in
the Philippines
Current State of SMEs in the
Philippine Economy
Available SME Statistics
Deficiencies in the present system
of SME statistics
Current initiatives to develop
SME statistics
Conclusion
3. A. SMALL & MEDIUM
ENTEPRISES in the Philippines
Small and medium
enterprises (SMEs) comprise
99.6% of all registered
business in the Philippines
and employ 70% of the
workforce
4. Recently, Republic Act No. 9178,
otherwise known as the
Barangay Micro Business
Enterprise (BMBE) Act of 2002
has redefined the categories.
Hence, the present structure,
by law, is as follows :
Micro - up to 3,000,000
Small - P3,000,001 - 15,000,000
Medium - P15,000,001 - 100,000,000
Large - above P100,000,000
SMEs
5. B. Current State of SMEs in the
Philippine Economy
1. Number of Establishments and Employees
According to the 2001 statistics of business
establishments published by the National
Statistics Office, there are 811, 589 business
establishments in the country.
Of total, micro-enterprises account for 743,949
(97.1%), small enterprises 61,759 (7.6%), medium
enterprises 2, 923 (.4%), and large enterprises
2,958 (0.3%).
6. 2. Geographic Distribution
The analysis of geographic
distribution of enterprises
throughout the country indicates a
high concentration in the National
Capital Region (NCR), which
accounts for 24.4% of all
establishments and 40.1% of all
employees.
The five regions subject to the present study (NCR, Regions
3, 4, 7 and 11) hold a combined share of 65.0% of total
establishments. Similarly, the regions account for 72.1% of
total employees. As a result, around two-thirds of SMEs are
concentrated in the five regions.
7. 3. Sales and Value Added
by SMEs
The recent trends in value added by SMEs in the
country and their sales indicate a growing share.
SMEs as a whole have been steadily growing year
after year with the overall industrial growth, as
indicated by relevant factors, including the number
of establishments and the number of employees.
Nevertheless, compared to the absolute number of
establishments and employment, SMEs hold
relatively small share of value added and sales, less
than 30%, thus suggesting their development
potential in the country.
8. C. Available SME Statistics
1. National Statistics Office
The primary source of statistics on
Philippines SMEs is the National
Statistics Office.
NSO is the major statistical agency
at the national level responsible in collecting,
compiling, classifying, producing, publishing, and
disseminating general-purpose statistics. Statistics on
the census of establishments is done every 5 years
9. 2. Loans lent to SMEs
All lending institutions are required to lend set
aside at least 6% of their total loan portfolio to
small enterprises and at least 2% to medium-sized
enterprises.
The Republic Act 6977 enacted in 1991 (the
Magna Carta for Small Enterprises) required
10% more to be diverted to SME’s. Then, it was
amended in 1997 under the Republic Act 8289
to extend the applicable period to 2007 and
lower the minimum level to 6% and 2%.
The Bangko Sentral ng Pilipinas is mandated
by law to monitor this initiative.
10. 3. Tradeline Philippines
Tradeline Philippines is an online
database service that provides
product search listing thousands
of manufactured exported
Philippine products complete
with product specifications and is
a business search allowing users
to contact Philippine exporters,
suppliers and local/foreign buyer
details and the products/services
they manufacture / provide and
export
11. 4. Exponet
The Bureau of Export and Trade Promotion's (BETP)
Export Assistance Network (EXPONET) helps
exporters and prospective exporters’ access
information and resolve specific problems related to
exporting
Exponet provides information on export seminar
schedules, export organizing, export procedures and
documentation, import facilities for exporters, buyer
linkages, export financing and incentives, product
raw material sourcing and other statistical
information. The agency also assists exporters in
export-related problems / trade complaints.
12. D. Deficiencies in the present system
of SME statistics
1. Timeliness
Statistics on the census of
establishments (done every 5
years) and the annual survey of
establishments are usually
released 15-24 months after the
year. This makes the data more
or less an imprecise tool for
analysis and decision-making.
In the same manner, BSP collects information on the loans
lent to SMEs (in compliance with the Magna Carta for
Small and Medium Enterprise) every quarter. The data
athered is usually released only after 3 months.
13. 2. Cross compatibility with other
countries for cross country comparisons
The major classification used by most countries to define
SMEs is through assets and employment size.
However, the size ranges of their classification differ,
since developed countries have large industries than
the less developed ones.
Hence, what might be considered as “small” by
developed countries will already fall into the
“medium” or “large” category for developing
countries like the Philippines. Thus, cross
compatibility with other countries for cross country
comparison, is sometimes inappropriate or could not
be used as basis for a policy recommendation.
14. 3. Inadequateness
The scope and coverage of SME statistics are limited to 1)
the number of establishments, 2) employment
contribution, and 3) regional distribution. More
important data which will help policy makers and
businesses to react quickly in a competitive environment
are usually not available. These statistics include:
Export contribution of SMEs
(direct and indirect contribution)
Contribution of micro enterprises/
informal SMEs to GDP, etc.
Sectoral statistics/Growth potentials
of industries.
15. 4. Availability
There are confidentiality clauses in census for
firm level data. This cannot be accessed at the
National Statistics Office because their agency
has to comply with the rules of
confidentiality.
In similar ways, banks also ensure that access to
customer information is limited to selected
bank employees and are very conservative in
disclosing client information.
16. 5. Coverage
The Philippines has a large section of small business
constituting the so-called underground or informal
economy. This refers to the small scale units in the
national economy, which produce and distribute goods
and services without the benefit of official sanction or
control.
They don't register, don't keep books and don't pay taxes.
They operate beyond the reach of the law. They have little
or no access to organized markets, credit institutions,
educational or training centers or public services.
Although efforts are being made by the government to
bring the underground economy to the surface, the nature
of this sector makes it very difficult to gather and process
statistics on them.
17. E. What are the current initiatives to
develop SME statistics?
1. National Business Registration (NBR) Project
The NBR project aims to address the growing concern of having
consolidated information on all the registered businesses in the
country.
Currently, no government agency has a complete record of all registered
businesses since registration is being done by various agencies. It is
the objective of the NBR project to integrate the information
contained in the various agencies and have a single consolidated
database containing basic information of all registered businesses.
The NBR project is considered a “timely” project for the country in this
day and age of global economy. The NBR will not only enable
Filipino entrepreneurs to find business ventures with fellow Filipinos
but with foreign investors as well.
18. 2. SME Database Project
The SME Database (headed by the DTI SME-Project
Management Office) aims to act as a repository (databank) of
the corporate profiles of SMEs. Its objective is to serve as a
tool for monitoring the assistance given by the different
agencies to each SME firm. The database is also designed to
identify individual companies and to track the kinds of
government assistance given to each.
The interim database will enable the much-needed tracking of
SMEs during the crucial first six (6) months of 2003,
especially for measurement against the National SME
Agenda objectives. The final database could act as a master
database of all SMEs nationwide, possibly supporting other
organizations outside DTI, and would allow for more
complex analysis and reporting. A networked database
would facilitate the encoding of data from the provinces at
the source of the information
The ultimate benefit of the SMEs is the possibility of
minimizing, if not eliminating the need to register numerous
times with various organizations.
19. F. Conclusion
While the SME sector is recognized as the focal point
for growth that will ensure that the Philippine
economy moves forward despite the threats of an
unfavorable global environment, the overall fiscal
condition of the country prevents it from being
given utmost financial support.
Development programs have been laid out but
resources are not readily available because of
competing demands for government support.
20. It is also in this light that the government is
open to learn new modalities in gathering
and analyzing data. The administration has
given outmost policy attention to SME
development and hopes that that through
new and better development initiatives,
stakeholders can move the program
forward.