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Donald Trump won the US presidential elections by defeating his Democratic opponent Vice President Kamala Harris. By all accounts, it was a stunning victory not only because it was an impressive comeback from his electoral defeat in 2020 but also because his triumph expanded the Republican electoral geography by broadening support from usually reliable demographics: Blacks, Latinos and young voters. This resulted in his party dominating the Senate and the House of Representatives.

Eighty-nine years ago, on Nov. 15, 1935, the Commonwealth of the Philippines was inaugurated. This political arrangement, provided for under the Philippine Independence Act of 1934, otherwise known as the Tydings-McDuffie Act, is a 10-year transitional government in preparation for full Philippine independence. Earlier, on Sept. 16, Manuel L. Quezon and Sergio Osmeña were elected President and Vice President respectively, as well as members of the National Assembly.

In this column, I often write about the challenges faced by new entrepreneurs. I have advised young business owners to be prepared to make sacrifices, to deal with obstacles, and be prepared to fail. It is certainly not my intention to discourage anyone from taking that leap of faith into the world of entrepreneurship. I simply want young entrepreneurs to be prepared because putting up your own business is like navigating your way through a dense jungle.