BUSINESS experts encouraged young entrepreneurs to build more startups in “The Bayanihan Ecosystem: Cultivating Philippine Startups,” a business conference held last Oct. 19 at Vertis Tent, Quezon City.

The summit encouraged young entrepreneurs to start their own businesses and build more sustainable and feasible companies.

“You can start your own business even if you are a student, mother or whatever. As long as you have a dream, passion and commitment, nothing is impossible,” Philippines Disaster Resilience Foundation President Butch Meily said.

He emphasized that in starting a company, it is important to have ideas, passion and a team to help build success.

“We want [you] to succeed and that will only happen if [you learn] to work together,” he added.

Carmina Bayombong, founder and CEO of InvestEd, a study now, pay later startup, said one of the challenges most businesses encounter is the entrepreneurs’ fear of downfall, but added that one should always look at the positive side of every failure.

“It’s not really about triumph, it’s about the trials that make you remember your mission in starting up,” Bayombong told the Varsitarian.

She also cited the fear of being rejected.

“When you start your company, it’s not about you and your ego; it’s about your mission. If you’re not gonna do it, who else will?” she said.

Organized by the BusinessWorld and BusinessWorld Spark Up, this year’s Spark Up Summit sought to create spaces for interlocking powers and cultural realities that will help elevate a business idea into “something world-changing.”


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