The Business Practices of Micro-Food Enterprises in Antipolo City

Abstract

The need to uplift and better the situation of life of every Filipino family gave birth to the entrepreneurial spirit of individuals leading to the establishment of most of the microenterprises. The rise in the number of micro-entrepreneurs triggered the curiosity of the researcher on their world. There were stories of success, failures and complacency which served as a lesson to those sprouting microenterprise that prompted the researcher of the need toreview the nature and practice of the microenterprises. This study sought to determine the level of effectiveness of the business practices of micro-food enterprises in Antipolo City. It made use of the descriptive research method with the survey questionnaire as its instrument which was personally distributed by the researcher to the 71 participating micro-food enterprises. The method of frequency and percentage distribution, ranking and weighted means were used to analyze and interpret the data gathered.The study revealed that most of the respondents have been operating in the business for more than 15 years; most of the respondents have 1 to 2 employees; majority of the source of funds were from 5-6 lenders; and majority of the respondents have a total capitalization of ₱500,000 and below. Micro-food enterprises tend to be complacent after they have overcome the survival years of the business and has reached the market acceptance, has lesser manpower required to maintain, preferred to the take source of fund from informal lenders that is more accessible to them, and has increasing capitalization based on their growth.