Entrepreneurs’ Practices, Crisis Management Strategies and Resiliency

This study employed a descriptive-correlational research design to examine entrepreneurial practices, crisis management strategies, and resiliency among 128 rice retail entrepreneurs in Negros Occidental, Philippines, in 2024. Respondents were selected through purposive sampling, meeting criteria such as registration with the Department of Trade and Industry (DTI), valid business permits, and National Food Authority (NFA) licenses, with a capitalization range of ₱50,000 to ₱100,000. Their businesses operated across 12 cities in the province. Data was collected using a researcher-made questionnaire, supplemented by adapted tools from Andy Marker (2022) for business practices, Allan Martinez’s Business Ultimate Guide (2023) for crisis management strategies, and a modified literature-based resilience questionnaire. The instrument covered demographic profiling, entrepreneurial practices, crisis management strategies, and resiliency assessment. Statistical analysis included frequency count, percentages, mean, ranking, Chi-square, Mann-Whitney U Test, Kruskal-Wallis H Test, and Spearman's rho, processed via SPSS Software. Findings revealed that most respondents were aged 41 and above, married, and held baccalaureate degrees, with nearly half having less than 10 years of business experience. Entrepreneurs exhibited strong adherence to core business practices, particularly legal compliance and flexible payment options, though digital adaptation and marketing strategies required improvement. While crisis management strategies were well-developed, structured planning and external monitoring needed reinforcement. Resiliency was high, especially in problem-solving and sales optimization, though emotional control in crises could be strengthened. No significant relationships were found between entrepreneurial practices, crisis management strategies, and resiliency, suggesting that external factors and personal mindset may play a more significant role in business resilience than demographic attributes.