Living and Growing a Business in the Philippines

In this very impromptu video, I will go through the pros and cons of living in the Philippines and hiring Filipinos for your company. This video was done at the Nomad Summit in Chiang Mai, Thailand. We discuss why the Philippines is the best place to go to for growing your business at the early stages when you are still bootstrapping your business.

Summary

• Philippines is known to be the “BPO Capital of the world” due to its fast growth and development.

• Compared to other BPO giants such as India, Filipinos speak in English more fluently. The Philippines is also the third-largest English-speaking country in the world, thanks to its long and rich history with the Western nations.

• The average household income int he Philipines is Php 22,250 (USD 436.78) per month per household, with an average 2 working adults. (Philippine Statistics Office, 2015)

• Filipinos are very good at following instructions, although, for high level positions that needs more critical thinking, it would take longer to find them.