76% of businesses put up by OFWs fail -- study

[neblus]

76% of businesses put up by OFWs fail -- study
By Veronica Uy

INQUIRER.net
Last updated 06:04pm (Mla time) 02/22/2007
MANILA, Philippines -- Seventy-six percent of businesses put up by overseas Filipino workers fail because the OFWs lack the skills, Foreign Affairs Assistant Secretary Luis Cruz said Thursday at the Dr. Alfredo J. Ganapin Advocacy Forum at the University of the Philippines.



http://globalnation.inquire r.net/news/news/view_article.php?art icle_id=51009

[tokyoboi2]

76% of businesses put up by OFWs fail -- study
By Veronica Uy

INQUIRER.net
Last updated 06:04pm (Mla time) 02/22/2007
MANILA, Philippines -- Seventy-six percent of businesses put up by overseas Filipino workers fail because the OFWs lack the skills, Foreign Affairs Assistant Secretary Luis Cruz said Thursday at the Dr. Alfredo J. Ganapin Advocacy Forum at the University of the Philippines.



http://globalnation.inquire r.net/news/news/view_article.php?art icle_id=51009
Thats true...at first i failed too but i learned a lot from those mistakes. Lack of skills, mismanagement, lack of tech-know-how to name a few are the factors of failed biz. They just put up the biz without knowing anything about it, then they will leave again and entrust the venture to their relatives who knows nothing bout the biz too. Thats the biggest failure mostly of OFW. Focus and Tech-know how will run the biz smoothly...