Reasons for entering MSME sector Philippines 2018

Published by Statista Research Department, Jun 21, 2021
The statistic shows the results of a survey about the leading reasons why entrepreneurs enter the micro, small and medium enterprise (MSME) sector in the Philippines as of 2018. During the survey period, around 52 percent of the respondents in the Philippines stated that personal prosperity was the reason why they created their company.

Leading reasons for entering the MSME sector in the Philippines as of 2018

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Source

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Release date

October 2018

Region

Philippines

Survey time period

2018

Number of respondents

305 MSME entrepreneurs

Method of interview

Face-to-face interview, online survey

Supplementary notes

MSME stands for micro, small, and medium enterprises.

Survey question:
Why did you create your company? Please select all that apply.

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