Impact Hub Manila Opens Web Series for Entrepreneur Resiliency
Impact Hub Manila (IHM) tackles taxation and company operations in the time of the Enhanced Community Quarantine (ECQ) in its first webinar under its Entrepreneur Resiliency Project. The program includes a series of online events that aim to support the business community as it transitions into a new economy, brought about by the COVID-19 global pandemic.
The first session featured a panel of experts, including lawyer and startup consultant, Atty. Bayani “Abe” Abesamis; Taxumo co-founder, Ginger Arboleda; and Competition, Investment and Innovation Law specialist Atty. Kristine Alcantara of Abad Alcantara and Associates.
Ces Rondario, CEO of Impact Hub Manila and Regional Lead of Impact Hub Asia Pacific, moderated the discussion, opening with a broad picture of the current state of the Philippine economy. With MSMEs comprising at least 99% of the local business sector, small business owners, who are also considered frontliners in this crisis, grapple with new challenges that threaten their livelihood, and sources of income of the many Filipinos they employ.
Taking off from this, the panelists are all in agreement that the lockdown calls for everyone to revisit their business plans, and recalibrate their business strategies and operations.
“It’s the best time to get our creative juices flowing and revisit our business plan… Maximize the technology that we have. Look for new sources of revenue. Restructure; reorganize things,” said Arboleda.
Atty. Alcantara also advised MSMEs to look into shifting to digital operations, and putting in place a data protection protocol in light of the proliferation of data breaches going on as more people operate online.
Meanwhile, Atty. Abesamis urged participants to dig deep and ask themselves, “What is it that motivated you to get into your startup journey?” Abesamis said, entrepreneurs need a strong enough mission to carry them through this crisis.
Rondario encouraged the participants to look into the things that they can leverage on. It is a pivoting of the mind, of our vision. Remember that you have the power to make impact in your own communities, said Rondario.
The 8-part webinar series will tackle more aspects of business resilience such as cash flow management, revenue generation, and other hacks for thriving amid the implications of the lockdown.
Join the next session! Follow Impact Hub Manila on Facebook for timely updates.
Impact Hub Manila
IHM is an impact incubation hub focused on purpose-driven entrepreneurs whose venture ideas have the potential to impact the lives of Filipinos at large scale. It is part of the largest incubation network in the world, Impact Hub, headquartered in Vienna, Austria. IHM is recognized by the United Nations as a community driver for the achievement of UN’s Sustainable Development Goals (SDGs).
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