According to data released by the Philippine Statistics Authority (PSA) in 2015, the country is home to more than 900,000 registered businesses. Large enterprises account for only 0.5% of this number, and the remainder comprises of micro, small, and medium sized entities.
While this may serve as good news for entrepreneurs, existing players face increased competition, and new entrants don’t have it particularly easy. Fortunately, there are measures that small businesses can employ when it comes to saving money. Continue reading 5 Important Ways for Small Businesses to Save Money