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• TWO IMPORTANT FACTORS HINDER OUR GROWTH AS A NATION:-poverty and population
• Poverty is the making of its people and the kind of leaders that hold the wheels of economic fortune.
• 2. Population explosion is another factor that contributes to the poverty of our nation.
• LOVE FOR IMPORTED PRODUCTS.

  The country's colonization for centuries has developed in the Filipinos a culture of dependence and love for foreign products.
• B. OUR VALUES OF BAHALA NA

  A true Filipino entrepreneur will not put his destiny in the hands of the BATHALA.
• C. CRAB MENTALITY

  Crab Mentality is the action of people to pull down others who are about to get out of the verge of poverty and reach for their success.
• D. THE MAÑANA HABIT

  MAMAYA NA or BUKAS NA
• E. THE VALUE OF TIME

  We take all the time in our hands, not thinking that the meaning of progress rest in our value of this precious gift of time.
• F. OUR VALUE OF HIYA HIYA

  Could be a positive value in dealing with business condition.
• G. FIESTA AND SOCIAL OCCASIONS

  The celebration of Fiestas of Saints that we inherited from the Spanish colonizers could be another factor in the slow development of our economy.
• AVAILABILITY OF NEEDED CAPITAL

  The banks are sources for limited capital for small and medium enterprises
• Republic Act 6977, known as the Magna Carta for Small and Medium Enterprises
• It provides for the setting of a RELIEF SYSTEM for distress enterprises as preventive bankruptcy measures and the setting up of insurance against-extraordinary disasters
• It provided for INTENSIVE INFORMATION CAMPAIGN and ENTREPRENEURAL EDUCATION (the intention of which is to give opportunity for all those with entrepreneurial talent and interest.)
• The law provides easier access and uses of tax credits and other tax and duty incentives as provided for in OMNIBUS investment code and other laws.
• Republic Act No. 6810 is the establishing the MAGNA CARTA FOR COUNTRYSIDE AND BARANGAY BUSINESS ENTERPRISES
• republic act no.6810- absence of BUREUCRATIC RESTRICTIONS and granting of incentives and other benefits.
• under republic act no.6810 The number of employees should not be more than twenty (20) at any time for the purpose of undertaking a productive business enterprise that will help the economy in the area.
• ENTREPRENEUR AND SOCIO-ECONOMIC DEVELOPMENT

  The development of the nation economic activity is the making of small and medium enterprises mostly located in the countryside.