Researches show that 50% of startup businesses fail within a year, 80% fail in five years, and a whopping 96% in ten. Simply put, out of 100 businesses, only 4 will live up to a decade!
Such staggering numbers would leave us asking what went wrong. Is it the product? The pricing structure? The marketing strategy? Did the business owner fail to “unlock his entrepreneurial mindset”?
1. Speaking at DTI's Youth Entrepreneurship Summit in Cagayan de Oro
In 2005, I built my voiceover company, Creativoices Productions, not because I wanted to compete against other recording studios or to earn big money doing voiceovers. I built the company in order to open the first and only voice acting school in the country, the Philippine Center for Voice Acting. My mission was to open the door of the voice acting industry to anyone who aspires to be part of it, and to equip them with the tools, skills and techniques they need to succeed. I know in my heart that my business is a success not because of the profit it generates, but because of the impact it has on the industry. I’m also proud to say that my contributions to the voice acting industry was recognized even by the Philippine Center for Entrepreneurship, more popularly known as Go Negosyo, when I was awarded as Most Inspiring Bataeno Microentrepreneur in 2009. Since then, I have been one of Go Negosyo’s “Angelpreneurs,” as a business mentor focusing on Youth Entrepreneurship.