5th Young Entrepreneurs' Convention: In the Shades of a Revolutionized Entrepreneurship; Do You Have a Bright Business Idea? Then Allow Us to Mind Your Business. This Is the Bold and Straight Forward Invitation of the Members of UP Circle of Entrepreneurs (UPCE) in the University of the Philippines Diliman as They Once Again Host the Most-Anticipated Young Entrepreneurs' Convention (YEC) Held at the Hotel Rembrandt Recently

Manila Bulletin, March 6, 2004 | Go to article overview

5th Young Entrepreneurs' Convention: In the Shades of a Revolutionized Entrepreneurship; Do You Have a Bright Business Idea? Then Allow Us to Mind Your Business. This Is the Bold and Straight Forward Invitation of the Members of UP Circle of Entrepreneurs (UPCE) in the University of the Philippines Diliman as They Once Again Host the Most-Anticipated Young Entrepreneurs' Convention (YEC) Held at the Hotel Rembrandt Recently


Byline: Text and photos by MERLINA R. HERNANDO

Clinging to the essence of the words dream, dare and defy, UPCE, being one of the most commendable university-wide student organizations in the campus, has once again played its vital role in the society by striving to foster an environment that advocates entrepreneurial spirit.

After five years, the annual conference has been giving a venue where college students from different schools all over Metro Manila could nurture the spirit of entrepreneurship among participants, as well as provided new information and introductory training on business and its functional fields. With the theme, REACH: REspond and ACHieve, the YEC dared to deliver a better, more value-adding convention, covering a wider scope of topics to be discussed by some of the country's best and most competent resource speakers. According to Sherry Lynn Magno, vice president, operations committee, This is the highly-budgeted and culmination of the CE week where we invite speakers from different agencies to share and discuss various topics on entrepreneurship. More than 60 promising entrepreneurs taking up Management, Business Administration, Entrepreneurship, and Economics from different participating schools like University of the Philippines Diliman, University of Santo Tomas, New Era University and ABE International College of Business Economics attended the annual convention. Aiming to foster and cultivate young entrepreneurship and camaraderie among its participants, YEC continues to inspire and enlighten budding entrepreneurs on various entrepreneurial developments happening in the Philippines through the talks provided by resource speakers from both the private and public sectors.

ENTREPRENEURSHIP AS AN ALTERNATIVE Boiled to essentials, empowerment should be something that young people must achieve themselves. Empowerment not only in the basic aspects of life but also in other facets which requires development. In the recently concluded YEC, it has been proven that empowerment can be achieved not only through self-reliance but by using available resources. Since almost all of the participants are business management majors, the convention became a venue for them to prepare in case they decide to put up their own businesses in the future. The student delegates were able to gain valuable knowledge and deeper understanding on what's crucial to eventually become successful entrepreneurs through the lectures and personal insights of Marlo Sanchez from Pinoybisnes Resource Center who discussed Teaching Marginal Groups Free Enterprise; Eric Teng of Maldita, Commissioner Araceli Aves of National Youth Commission on NYC's Youth Entrepreneurship Program; Jovel Cipriano of Pinoydelikasi.com who delivered an inspirational talk and shared his personal experiences; and Armando Bartolome from the Association of Filipino Franchisers Inc. who tackled Putting up your own business. Sharing his experiences about the secret of failure during the convention, Teng says, A failure is an experience we learn to grow. As such, we learn more from our failures than we do from success. Commending the organization's project, Aves says, This is a good event because it encourages young people to know more about entrepreneurship because what we need right now are entrepreneurs who would be globally competitive. Observing that the Filipino young entrepreneurs have so much potential, the Aves says they should learn how to network for them to be able to gather a lot of resources and new ideas not only here but also abroad. As a result of having been able to evolve into a distinguished institution, a formal memorandum of agreement will be signed between UPCE and the NYC to link them up with other government agencies and institutions that have financial and technical courses so that they will be able to enhance or improve on their project.

IN THE LIGHT OF NURTURING YOUNG ENTREPRENEURS Most people's misconception about entrepreneurs is that they are avaricious individuals who know nothing but to make money at the expense of othersbut that conception is now being redefined. …

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5th Young Entrepreneurs' Convention: In the Shades of a Revolutionized Entrepreneurship; Do You Have a Bright Business Idea? Then Allow Us to Mind Your Business. This Is the Bold and Straight Forward Invitation of the Members of UP Circle of Entrepreneurs (UPCE) in the University of the Philippines Diliman as They Once Again Host the Most-Anticipated Young Entrepreneurs' Convention (YEC) Held at the Hotel Rembrandt Recently
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