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1. Credit
2. Better source of raw materials
3. Modern technology
4. More marketing information
Government Strategies to help
SMSEs.
1. Provide credit, technology and
marketing support to new
enterprises.
2. Tap overseas Filipino workers
to invest their earnings to
SMSEs.
3. Promote greater involvement of
local government units in
promoting small business
activities by:
a. Providing them information on
business opportunities.
b. Available sources of funds
c. Latest product design.
RA 9178 of 2002
Barangay Micro Business Enterprise Act of
2002 provides five incentives and benefits.
These are:
1. Exempt BMBEs from income tax and
encourages LGUs to exempt or reduce local
taxes imposed on BMBes.
2. Exempt BMBEs from coverage of the
minimum wage law
3. Improve credit delivery to
BMBEs
4. Provide for technology
transfer, production and
management training, and
marketing assistance to BMBEs
5. Provide trade and investment
promotions to BMBEs.
Importance of small and Medium
scale businesses in the country
1. They help provide the supply of
products to costumers.
2. They help provide personal
service.
3. Small and medium scale business
serves as a means of earning to an
unemployed individual.
4. The small and medium scale
businesses also provide
employment to other people.
5. Small and medium scale
entrepreneurs also pay taxes to the
government and such payment
allows the government to provide
service to the people.
Assignment
1. List down ten entrepreneurs in your community
and present in class the type of businesses they
are engaged in. Ask also their reasons for
engaging in business.
2. Read RA 9178 from DTI website at
www.dti.gov.ph
what is the main objective of the law?
Mention 3 major incentives from the law. Explain
the advantages of these incentives to a small
business enterprise.
Quiz
In your own words define
a. Entrepreneurship
b. Entrepreneur
c. List the 4 aspects of an
entrepreneur
d. 5 Roles of entrepreneurs in the
economy