Editor's note: This is the first in a three-part blog series by Joseph Paulini, a businessman and entrepreneur based in northern Virginia who recently headed up a Business as Mission trip to the Philippines with another longtime Five Talents supporter, Jeff Johnson. Five Talents is seeking to deepen its work with proven micro-entrepreneurs in the Philippines. Joseph notes that his reflections on the trip are shared by Jeff. Click here to read part two.
Five Talents has long wanted to develop an Entrepreneurship Training Program in the Philippines that would go beyond the basic two-day training program that we have used since about 2005.
Having visited the program two previous times, first in 2002 and again in 2005, I was recently enlisted to return to the Philippines and help to move this agenda into the action phase.
I traveled with my dear friend and long-time Five Talents volunteer, Jeff Johnson, a graduate of George Mason University (1973).
Our current training program is an excellent introduction to business practices for the newly emerging entrepreneurs. By ensuring a basic understanding of a business plan outline, accounting/bookkeeping, marketing and cash flow management, we are equipping budding business people with the skills that help businesses succeed.
Even though we were at first focused on helping businesses get started with loans ranging from $50 to $300, we knew that some would grow beyond the "mom and pop store" level. The wonderful news is that some indeed did and now we are preparing to give them the extra support that they desperately need.