by Business World, Jun 18, 2019
PAYPAL HOLDINGS, Inc. said a study it conducted has found that nearly 70% of freelancers in the Philippines have business plans, signalling their intention to make occasional work assignments become more sustainable over the long term.
In a statement Tuesday, PayPal said: “(N)early 70% of respondents said they have a business plan in place to support their work.”
In the survey, conducted in April, PayPal said 69.82% of freelancers had a business plan, with 65% of respondents believing that having a blueprint for a businesses is a key to success.
“The survey results are reflective of how the idea of freelancer turned ‘solopreneur’ has been gaining traction in the Philippines, given the flexibility and freedom that freelancing offers. But unlike full-time employees, freelancers often lack the back-channel support to manage their enterprises,” according to PayPal General Manager for Southeast Asia Cross-Border Trade Nagesh Devata.
In PayPal’s survey, 39% of freelancers said “Financial Planning” was the most vital aspect in every business plan while 38% cited “having a client-acquisition strategy”.
Other valuable aspects of business plans according to freelancers include a “project pipeline” (12%) and “rate cards” (8%).
Some 95% of the self-employed still believe they need training to further enhance their skills.
Mr. Devata added: “Even if a majority of freelancers already have a business plan, almost all of them see a clear need for additional training in this area. This shows a strong appetite for knowledge and constant improvement, which are crucial in this globally competitive playing field.” — Gillian M. Cortez
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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