Image by Getty Images via @daylifeBusinesses are like babies. They need looking after from their hardworking parents, the entrepreneurs.
These entrepreneurs have to care for their “babies” when they aren’t doing well and sing their praises when they reach new heights.
And eventually, entrepreneurs will have to let their firms leave the nest and have prosperous lives of their own.
For parents, this usually means sending their sons and daughters to college. For entrepreneurs, this can mean an initial public offering (IPO).
Jose Antonio Villar, head of the Philippine Stock Exchange (PSE) Marketing Services Department, said some local entrepreneurs have discovered that going public has helped their companies grow faster than if they had remained private.
Despite this, many businessmen that are “in love” with their businesses still have reservations about selling part of their companies to total strangers.
“I know, many of you are thinking, ‘Why should I share my company?’” Villar said.
He acknowledged that many business owners are worried about sharing their company profits and control with outside investors.
But listing on the stock exchange is one way to get cheap capital needed to fund growth and expansion.
He thus urged the small business owners to conduct an IPO and take advantage of the strong capital flows that are expected to enter Asia as international fund managers make bets on the region’s growth prospects.
http://business.inquirer.net/money/topstories/view/20110317-326023/PSE-encourages-more-SMEs-to-go-public
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