ENHANCING ENTREPRENEURIAL CAPABILITIES OF MICRO BUSINESSES IN ILOCOS SUR Dominador A. Asyon Jr., Felix M. Del Rosario, Ederlina M. Sumail, Gloria D. Tuzon, Francisco D. Lopez
Ilocos Sur Polytechnic State College
Abstract
Ilocos Sur Polytechnic State College is mandated to perform four-fold functions: Instruction- Research - Extension - Production, all interrelated and with each function as support to the others. The college while promoting graduates conducts research and extension activities in support to the partner enterprises. Micro businesses are the clients of this undertaking. The development of micro businesses in the province through enterprise development training, thereby promoting inclusive growth in the community is its primary objective. To enhance Bookkeeping Capabilities, Awareness to Legal Compliance, and TRAIN (Tax Reform for Acceleration and Inclusion) and familiarization with the relevant enterprise strategies are the secondary objectives. The improved operations of the micro businesses is the ultimate output thus enabling the micro business owners to become efficient partners of the local government in enhancing the economy towards inclusive growth. The program resulted into One hundred twenty three capacitated micro business owners equipped with bookkeeping skills and gained enterprise planning and development concepts that will allow them to evaluate the outcome of the business operations for a given time.
Keywords: micro businesses, management practices, capability enhancement, development training
