The jeepney is often touted as the greatest symbol of Filipino enterprise and ingenuity, but oh, I beg to differ. For me, that title belongs to the sari-sari store.Ah, the humble sari-sari store. Unless you’ve lived your entire life in a chi-chi residential village where each plot of land costs ten times that of an average person’s lifetime earnings, you may have come across one at least once. You probably even frequent a trusty Aling Nena’s Tindahan or something like that close to where you live.Apart from being the no.
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Sari-sari stores account for 90% of the retail outlets in the Philippines. They have been around to make money for countless small proprietors. It is a business worth considering for a gradual entrepreneurship take off.
1 purveyor of “chichirya” (junk food) and cigarettes, sari-sari stores are often the first choice of many OFW dependents when it comes to setting up a small business, and with good reason. For one, they require only a small space and very little capital.
With just 5-10 square meters and around Php5,000-Php10,000 worth of initial inventory, you can already get started. For another, sari-sari stores allow most store owners to earn money while still looking after their homes and their children, especially if the store itself is just on the ground floor of the house.Still, while this business is fairly easy to get into, making any actual money from it in the long term does require certain strategies, such as the following: 1. Location, location, location.Oh, gosh, this rule pretty much applies to any brick and mortar business that I’ve lost count of how many times I’ve written those three words here on the iRemit blog.Having a sari-sari store on your doorstep can be a start, but. If your house is located in a busy neighborhood with lots of foot traffic, that’s great. If not, you should also consider venues that can bring in more potential customers, such as those near schools, town plazas, or public transportation hubs. Set your prices carefully.A sari-sari store’s goods usually cost a little more than their supermarket counterparts since your customers are also paying for convenience.On the other hand, try not to set too high a price on your stuff, especially if you’re competing with existing stores in the area. As a guide,.Better still if you can somehow institute a price war by charging the lowest possible amount for your goods while still retaining a decent profit.
How do you that? Check out the next item. Look for good suppliers and cultivate a healthy relationship with them.Most sari-sari store owners get their inventory from the market or from the grocery (Hello, Puregold). And because most of your customers also go to these places to restock their household consumables, they can easily tell if you’re pricing your items a little too high.If you want to be really competitive, go directly to distribution companies that supply groceries and try to source your merchandise from there. This way, you’ll be able to lower your costs AND price your items lower, further increasing your profitability. Keep track of your revenues and expenses.Being on top of your financial transactions is crucial to any successful business.
Noting your product costs and sales in ledger notebooks is good, but if you can set up a computer spreadsheet for your sales records, so much the better. Pick the right merchandise to stock.If you do your bookkeeping correctly, you’ll be able to glean which products are most in-demand in your area.
Are the students in the school nearby flocking to your store for soft drinks and packets of Boy Bawang? Do the construction workers from the site across you come by every afternoon for a fresh pack of cigarettes? Look at the figures after a month’s operations and figure out what kind of story they’re telling, then take your lead from there. Take note of your customers’ buying habits. Image Credit:It’s especially important to identify the items that your regular customers always look for but currently aren’t on stock.
If there are quite a handful of your regulars asking for the same thing, you may want to add this to your product line.The same goes for items you need to take off your display:. Don’t mooch off your inventory.Tempting as it may be, don’t use your sari-sari store’s goods to stock your pantry or fridge at home. Or if you do so, you should reimburse the business for the cost of those items.Consuming your goods without paying for them will not only diminish your display, but it will also shrink your capital. Before you know it, you’ll have eaten or consumed your entire business, so keep your hands (and those of your kids) off the merchandise.While you’re at it, keep the finances of your household and your sari-sari store separate so that you have an accurate record of how much you are spending on your business and how much money it’s making, if at all. Preserve the quality of your goods.
Image Credit:Monitor your shelves at least once a week to see if there are any expired or damaged products you need to discard. Avoid placing items in direct sunlight and remove any rotten fruit or vegetables at once if you decide to sell fresh produce. And if you use thumbtacks or staple wire to display sachets of powdered goods, try not to puncture these beneath the seal.
Even a small tear in the packaging can cause air to come in and harden the contents, and if the sachet happens to contain powdered milk, then the ants will come calling.The last thing you want is a customer asking for a refund while returning a defective or damaged product. Set aside a portion of your profits to cycle back into the business.This strategy is key if you really want to grow your business beyond its humble beginnings.The rule of thumb is to set aside ten percent of each day’s earnings as profit, so for example, if you sold Php300 worth of items today, squirrel away Php30 of it. It may seem like a small amount, but if you are faithful to this approach, it can easily add up to something substantial, which you can then use to widen your range of product offerings or perhaps even rent out a second location. Register your business.Operating your business gives you more credibility and makes your store more trustworthy since those plaques and certificates tell your customers that you are complying with basic hygiene and safety standards.Fortunately, most local government units have a one-stop shop department that allows small business owners like yourself to process the necessary permits more efficiently. Visit your Municipal and City Hall and see what the requirements are so that you can prepare them in advance.In sum, putting up and running a sari-sari store business is simple, but it’s still not easy. However, if you stick it out and do things right, you may find your little corner shop blossoming into something more in the future, such as a full-fledged grocery, and that’s sure to prove even more rewarding.
Establishing McDonald Restaurant Feasibility Study1. General Objectives1.1 Description of the Business ProjectThe proposed business will need a three-storey building in a 2,000 square-meter lot with a parking space at the rear. The customers will drive in the left entrance greeted by the water-sprinkled Indian trees partly shielding the establishment from the fumes coming from the busy street. Embraced by the multi-colored lights, the trees will set the cosmopolitan setting to a rustic atmosphere.
The M insignia appearing to be cradled by the trees from a distance will outshine the multi-colored lights below stressing the romantic surrounding. The building will be constructed to hide the stockroom complementing the architectural masterpiece. The smoothly cemented exit passing through the well-manicured lawn will draw sighs of satisfaction from the customers.The state of the art tables, chairs and utensils will enhance the customers feeling that they are in a five-star hotel. Very affordable, the food will enthrall every customer to come and savor the food over the widely spaced tables on the immaculately marbled floor.
The electronically flushing system of the restrooms will motivate the customers to force their friends and relatives to frequent this new McDonald Branch at the heart of the university belt.1.2 Project Time TableAll minor detail considered, the project will start serving the ten thousand targeted daily customers within five months. The contractors will complete the fence and the framework of the building in the first month. They will finish the walls and the floors in the second month.
They will install the electrical and the air conditioning units in the third month After the first and second layer coating, they will complete the final painting in the fourth month and finally they will landscape and plant balled-trees in the fifth month. As the project will be in progress, the company will buy the facilities to be used.1.3 Management of the BusinessWith three managers alternately scheduled on an eight-hour duty to man the 130 crew in the 24-hour service, the business will surely satisfy the customers, propelling profit to soar.The personnel will make a customer feel that he is the only one served amidst the queuing multitude. The high wage given by the company and, likewise, the humane treatment of the superiors will inspire the crew to render machine-precise service.2. Product and Market Aspects2.1 Market OutcomeA variety of expensive fireworks commence the business to attract the children, students, parents and professionals. This opening blast will have been advertised a month before.
The initial big crowd from the different districts of the city will keep growing to actualize the management’s vision that this McDonald Branch will be the most profitable among the food chains that mushroom in the metropolis.2.2 Market and Selling PriceThe customers can order from a variety of choices in the counter staffed with beautiful and handsome ever-smiling crew. The waiters will serve the orders in the well-crafted, smoke-free dining areas with both oriental and western motifs to fit their number and their tastes. These areas will enhance customer-privacy as the customers enjoy eating while talking about the gossips of the town, or as they engage in a highly intellectual calisthenics about a hot political issue. The area will also conduce lovers to cement their relationship with their soul-penetrating interlocked gazes that only lovers could fathom, as they savor their food.3. Technical Aspect3.1 Location FactorSituated at the corner of R. Nicanor Reyes streets at the heart of the University belt, this food center will surely draw customers from the cross-section of society.
The following factors will back-up the company’s foresight:3.1.1 TopographyThe 2,000 square-meter lot does not need labeling because the area is already flat. Although the place lies in the lowest part of Manila, Mayor Atienza’s Buhayin ang Maynila program has eradicated the perennial floods that residents of the area suffer from. No matter how strong the typhoon will be, the rains will not flood the area. The customers will not be drawn away from enjoying the services of McDonald.3.1.2 Cost of LandThe fertile business venture will cheapen the current Php 20,000 per square meter piece of land. The forty million peso worth of property will double after only three years of operation.3.1.3 SecurityThe place will be very safe.
Secretly installed cameras will monitor every move to ensure the security of the customers. Four security guards simultaneously assigned to the area will guarantee the safety of the clients. This will be backed up the policemen assigned at the outpost nearby.3.2 Size and Layout of the BuildingTo maximize the 40 x 50 meter land area, the engineers will erect the 20 x 50 meter land area, the engineers will erect 20 x 30 meter proposed three storey building, leaving five meters at both sides and 18 meters fronting the street. Only two meters will be left at the back of the building This will ventilate the establishment.3.3 EquipmentThe San Jose Builders will construct the building.
This construction company will use modern building equipment like a cement mixer, caterpillar, automatic digging drill, and other state-of-the-art construction materials.4. Project Cost4.1 The Land and the BuildingThis project will cost about Php 43,500,000 which is roughly broken into the following:Cost of 2,000 meter lot – Php 40,000,000Cost of the 3-storey building – Php 3,000,000Accessories and equipment – Php 500,000Total Cost – Php 43,500,000The 40 million pesos worth of land is the biggest of the capital investment but it is worth it because unlike the other expenses, the land value will appreciate through the years. The contract with the San Jose Builders for the proposed three-storey building is Php 3,000,000. This includes materials and labor.
With the five-month paying scheme, McDonald will pay Php600,000 every month until the last month. The food center will need Php500,000 for the imported accessories like tables, chairs and other needs.4.2 FranchiseThe food center will pay the current Php1,000,000 McDonald franchise.4.3 Sources of FinancingThe proprietor will put in Php3,500,000 The remaining Php40,000,000 will be borrowed from the bank5. Proposed Location: Paniqui Productivity Center, McArthur Highway, Samput, Paniqui, TarlacProponents: Russel D. Garcia, Kathleen E.
Gonzales, Lara Joy T. Martinez, Jonelyn F.
Mendoza, Emmaloida H. TabagDegree: Bachelor of Science in Industrial EngineeringSchool: College of Engineering, Tarlac State UniversityDate: March 2003Brief Description of the ProjectThe project proposes to manufacture an ergonomically designed school backpack, branded as “Pack ‘Em All” It is a backpack aimed at helping elementary students to correct posture and reduce stress on back and shoulder while carrying loaded backpack. The bag has properties unique from other bag presently available. The aluminum places at the back portion of the bag but it is not visibly seen and will serve as the back support.
The aluminum is contoured to fit the shape of the back. This will trigger the back straightening of the user.
This will prevent the user from slouching and eventually develop a good posture. It has a wider sling to have a greater support.
It has a waist support to sustain the lower part of the torso. It has more space inside to cater to students who bring lots of school materials. The bag is ergonomically designed for the ease and comfort to prevent backaches, shoulder pain and abnormal curve of the spine, thus creating a good relationship between the bag and the user.Summary of the FindingsA. Management AspectThe product shall be pre-operated eight (8) months before the start of the operation. Partnership shall be the type of business organization, and shall be composed of five (5) partners. The organizational set up shall be in a line function.
The business shall have an initial capital of Php 625,000 and Php350,000. The business shall be loaned from DBP.The General Manager shall be the head of the organization. Under him is the Plant Manager who shall be responsible on the production area, and has the overall control on the company personnel, marketing of the product and even the allocation of budget for the company. Along with him is a Secretary. Under the Plant Supervisor is the Human Resource Personnel; under him are the Utility Man/Driver, Security Guard, and Janitor/Messenger. Next is the Quality Control, under him is the Sewer, Machine Operator, Packager and Stockman.
Next is the Marketing and Sales Personnel, under him is the Purchaser Finally, the Finance Personnel, next to him is the Accountant, who shall be classified as retainer, because he shall render service only once every end of the month. The required personnel shall come from nearby places of the plant and within Tarlac. As soon as the business normally operates, all benefits are to be given to all employees. The company shall hire additional workers after six (6) years of operation, based on the forecasted increase of plant capacity.
They are to be paid at a minimum starting salary and shall also increase to 10% annually.B. Marketing AspectThe proposed product is based on the idea that elementary students have a hard time in carrying their things from school and that in the latter of their lives, they may experience back disorders if not properly taught. The demand of the supply shall be based the total number of students from Grade IV-VI, and the supply shall be based on the existing competitors in malls. A market share of and 43.2% is available for the product.
Pack ‘Em All’ is the brand name of the product and is priced using Full cost pricing at the market at an amount of Php 682.75 inclusive of Value Added Tax.C. Technical AspectThe bag is created for enhancing desirable human values such as increased comfort and improved quality of life. The product will provide lumbar binder fitted to the body waist, which will offer some trunk support through elevation on intra abdominal pressure and will serve to remind us of proper posture. It will also provide back support for the spine. This support is made up of 0.4 cm thick and 2.5 cm wide flat-bar aluminum material.
Its height varies in three different sizes, 12, 14 and 16 inches. This is based on the length of spine from Thoracic level 3 (T3) to lumbar Region five (L5) of our target market.The manufacturing process is based on the usual process done by any bag manufacturing in the province, which is by the use of high-speed electrical sewing machine. The molding process of the aluminum back support is done by a hydraulic press. The whole production operation is estimated to have a standard time of 353.2455 minutes, including pattern making. But in case of mass production, this process will be eliminated and the total production time will be 104.8455 minutes or 1.75 hours.The plant size or plant capacity is measures based on the machine used.
The plant will have the capacity of 10,080 units/day. The production schedule will be 10% of the average market share every year to provide safety stocks in case any increase in demand arises.The plant is located at Paniqui Productivity Center, Brgy, Samput, Paniqui, Tarlac. This building is divided into two parts. The first part has already been leased and the proponents will lease the southern part The building has a floor of 630 sq.m and has a monthly rental of Php 20.00 per square meter.
It is a 4 1/2 drive from our suppliers and 30 minute away from our target market. It is along McArthur Highway, which makes it accessible to public transportation.
Paniqui is known for its sewing business, so laborers with that particular skill will not be a problem. Nearby towns could also provide manpower for the plant. The water requirements will only be minimum and will be supplied by the Paniqui Water District. The power consumption will be generated from the Tarlac Electric Corporation (TARELCO). The plant will not provide toxic wastes. Only excess fabrics will the wastes, and these will be sold to some backyard manufacturing that produce tokens and small purse for different occasions.D. Financial AspectThe current ratio or working capital ratio is one of the fundamental measurements of a company’s liquidity.
This measurement is computed by dividing the total current assets by the total current liabilities.For JR. JEK PARTNERS, the profit margin on sales means that for the year 2002, they generated 6.66% of net sales. The decrease in the second year results from the inability of the plant to shoulder the expenses incurred in the production. Title:Project Feasibility Study on the Production of a Shoe Insole Deodorizer using Activated Carbon and Baking SodaProposed Location:Brgy Anupul, Bamban, TarlacProponents:Eda S. CastroFerdinand D. ConstantinoJane M. Delos SantosGian Carlo R.
SoteloDivine Grace B. TuazonDegree:Bachelor of Science in Industrial EngineeringSchool:Tarlac State UniversityDate:March 2003Brief Description of the ProjectThis project proposes to produce a shoe insole deodorizer using activated carbon and baking soda as the active ingredients. The product shall be branded as “POWER SOLE”.
It is a flat insole type deodorizer that can neutralize the odor and absorbs moisture on foot caused by sweating. It can also serve as a shoe pad for loosed shoes. The product has five (5) sizes (5,6,7,8 and 9) to cater different foot sizes it has also a suggested life span o one (1) month, but this will depend on the lifestyle of the person using it.Summary of Findings:1. Management AspectsThe Power Sole Enterprises shall be a pre-operate for 12 months before its normal operations. The enterprise shall be a partnership type of business organization. The business shall employ its personnel, which shall be headed solely by the plant manager who shall supervise the production, administrative/finance, and marketing officers. Under these officers are the production laborers, warehouse man, product inspector, accounting clerk, security guards and driver respectively.
All personnel shall come from the province of Tarlac. Giving importance to the nearby towns where there are skilled workers in relation to this kind of work. The compensation of the personnel shall be based on the existing labor code. The enterprise shall pay Php 1,291,584.00 for its salaries/wages during the first year of operation. Benefits such as SSS, EC and PhilHealth shall be given to the employees. Every year of operation, the enterprise will hire one (1) additional production to meet the increasing demand of the product.2. Marketing AspectThe marketability or salability of the proposed product is anticipated, since this project entails comfort, easy and convenient to use compared to existing foot deodorizer.
The demand of the product shall be based on the past demand of foot deodorant products consumed by each household population of Tarlac City’s urban barangays, and the supply shall be based on the number of foot deodorant purchased from several distributors/suppliers. The market share of this product is 42.05% of the average yearly demand from 2003-2207, which is equivalent to 178,546 pairs of shoe insole deodorizer but considering the result of the survey conducted by the researchers, the researcher had decided to increase the average capacity of the plant from 178,546 to 1800,000 for the first year of operation.
The proposed selling of the product shall be Php 16.50 which is inclusive of value added tax (VAT). The project will sell the proposed product in cash discount basis.
And limited its retail price to 20% increase from the set factory price to the retailer (distributor) to achieve the pricing objective of meeting the existing price competition in the market. The Product shall be introduced and promoted through posters, billboards, banners and radio ads.The proposed product shall be packed in a vacuum-sealed transparent plastic packaging material with a descriptive label, which contains features and specification of the product, and finally the packaged products are placed in a carbon box for protection in the storage and delivery. The outer surface of the box is printed with the product name, the description or specifications, and the name and address of the manufacturer The product shall bear the brand name “POWER SOLE”, which signifies the characteristic and nature of the product.3.
Technical AspectThe proposed product is a shoe insole deodorizer using activated carbon and baking soda. The activated carbon is part of the product because it can absorb odors and volatile organic compounds. We also have to add the treatment of the foam and cumbelli to help activated carbon to help activated carbon to neutralize the odor.
In this study, we conducted laboratory tests to determine the volatile content of activated carbon before and after used. We found out in testing activated carbon, with the use of a gravimetric oven, that when it is not treated, only 3.423% of moisture will be absorbed by the carbon and 45.181% was absorbed by the carbon a exposed naked on the humid environment When the researchers treated the carbon, they did not absorb moisture of 43.5 In conclusion, before the manufacture of the product, see to it that it was treated An odor test was also conducted to determine the effectiveness and lifespan of the product. Based on the test, the suggested lifespan of the product is one month.The manufacturing process is a continuous processing wherein the workers must meet the target output per day. The capacity depends on the expected market share of 42.05%, which us 278,546 pairs of shoe insole deodorizer But the researchers decided to product 180,000 pairs in the year of operation due to the consideration of the result conducted by the researchers for the willingness of the respondents to try and buy the proposed product.The plant will be producing an average of 180,000 pairs a year, that is 15.000 pairs a month or 750 pairs a day. Some nearby hardware and electronic suppliers supply machineries and equipment.
But other equipment will be purchased in Manila. The plant shall be located at Brgy. Anupul, Bamban, Tarlac, the productivity center of the town. It is located at the back of the Municipal Hall building which is 100 km. The transportation is so easy because it is along the highway. The availability of manpower will never be a problem; customers will be assured of economical and fast delivery of the products due to the project proximity to the raw materials, suppliers, and to its target market. The hiring of labor forces will not be a problem since the plant requires a minimal number of employees.
The Tarlac II Electric shall supply electricity and water requirements of the plant. The productivity center has an area of 1,260 sq.m. Half of the area will only be occupied. The enterprises shall pay the monthly rentals of Php 20.00 per sq.m for the 630 sq.m floor area or at Php 12,600.00 monthly with escalation rate, payable within the first week of each month.The waste material will be in the form of scraps, which will serve as another source of income for the enterprise. The proposed project is environment friendly because it will not affect the nature during or after producing it.4. Financial AspectThe financial needs of the project shall be sourced from the partners’ equity.
Each of the five (5) partners shall contribute an initial amount of Php 150,000.00 in cash which is Php 750,000.00 the said amount is estimated to be used in all expenses to be incurred during the pre-operating period and during the first half of the year of normal operations. All purchases shall be on cash basis and sales are on cash discount basis with term payment of 5/15 net 30. The projects liquidity ratios are computed to be 6:1, 8:1, 10:1, 12:1, and 15:1, on the first, second, third, fourth and fifth years, respectively, which shows that the project can liquidate its total current liabilities very satisfactorily. The rates of return on investment for the first five years of normal operations are 16.32%, 30.81% and 39.35% respectively.5.
Social Desirability AspectThe project is aimed at helping individuals who have an unpleasant odor and foot moisture. The business enterprise shall give a great contribution to the government because of the money paid in the form of taxes. These taxes can be paid in different forms. Through the introduction of this business, consumers will be given more choices for the same effect. The producers of the raw materials can increase its profitability. The competing products can also lower their process because of increased competitors. Also there will be a decrease of unemployment by giving jobs to individuals when they will be hired, which will improve their lives and the society as a whole.
Marketing Aspects1. The Snack stand will be very much positive in offering a lot of services to satisfy customers needs, accept suggestion and criticisms to improve our business2. Snack stand will utilize with honesty and credibility thru our products and services.3. Snack stand will be always “open-minded” to those other competitors and will seek only the best.Technical Aspect1. The final location of the business will be at the Common Terminal, Balanga City, Bataan.2.
Raw materials will be obtained during its freshness and nearness to the source which is Elizabeth Supermarket in Balanga City itself.3. The management will provide cleanliness of the stall, especially the food for satisfaction of customers.Management Aspect1.
The best organizational structure to adopt in the same manner communication will be facilitated from the top to bottom and from the bottom to the top.2. The democratic atmosphere will always prevail in the business to ensure hormones interpersonal relationship between management and personnel.3. The Snack stand will develop the service activity to satisfy the need of the customer.Socio-Economic Aspect1. The Snack stand will be very much responsible in promoting environmental, clean air act and proper waste disposal.2. Taxes assured for the city government.3. The partner’s will make sure of the observance and God-fearing to all of them.Financial Aspect1.
The amount of fifty thousand pesos (Php50,000.00) is substantially enough to put up the proposed project Snack stand.2. Based on the projections as depicted by the financial statements, the proposed project is a kind of lucrative undertaking.3. The proponent of the project will be responsible in producing the capital requirement.Prepared by: Arde Reyes. The central idea of management is to make every action or decision help achieve a careful chosen goal.The word management is also used to mean the group of persons called executives who perform management activities.Objectives1. To keep the subordinates be alert to what is expected to them.2.
To know the duties and responsibilities of each member and personnel.3. To know different strategies to be able to achieve the company’s goal.Description of Activities1. DTI Permit ApplicationThe business name of GF Snack Stand should be register with the Department of Trade and Industry. It would take only four days to five days before the permit is receive. If there as no other name of its type.Three (3) different name should be apply so when one is approved, so they can use other applied business name (see appendix)2. Rental SpaceThe project business will be located at Bataan terminal at 2nd floor Ibayo, Balanga City, Bataan.
The application will only about three to four weeks before it is approved.3. Mayor’s PermitThe Mayor’s Permit application will acquire the submission of the following:a. SSS Clearance Permitb. Sanitary Permitc. TAN (Tax Account Number)The project business will be registered at the Bureau of Internal Revenue District Office No.
(1020) located at Capitol drive, San Jose, Balanga City. The following forms should be accomplished with necessary attachments.BIR FORM No. Attachment Required, Mayor’s Permit and DTI Permit5. Buying of machineries and equipmentInvolves the acquisition of the necessary machinery and equipment in the food snack as mentioned in technical aspect.6. PromotionIncludes advertising and personal selling partnership in a variety of promotional activities to inform customer about products and service and to encourage them to buy.7.
Start of OperationAfter securing all the necessary permits and other needed materials. The said will be now ready to operate.C. Organizational StructureThrough GF Snack Stand is just a simple business, the organization structure will have a simple flow. It is not as complicated as big ventures.Over – All manager / CashierCook 1, Cook 2Utility Man 1, Utility Man 2D.
Personnel StructureThe GF Snack Stand is required to have the members of personnel and service crew.Staff – Over all Manager – 1Cashier – 1Cook – 2Utility Man – 2E. Duties and Responsibities1. Over-all Manager / Cashier– Supervise the overall operation of the business– Computer the total amount of the purchased item– Assist the customers2.
Cook 1– Prepares the necessary ingredients– Cooks the items/products3. Cook 2– Prepares the necessary ingredients– Cooks the item/products4. Utility Man 1– In charge of cleaning the workplace– Delivers items within the vicinity– In charge of buying raw materials from suppliers– In charge of the inventory5. Utility Man 2– In charge of cleaning the workplace– Delivers items within the vicinity– In charge of buying raw materials from the suppliers– In charge of the inventoryExcerpt from Management Project by Arde R.
Name and Address of the BusinessThe GF Snack Stand (Good Food Snack Stand) is proposed to be located at the 2nd floor of the Bataan Common Terminal, Ibayo, Balanga City, Bataan.B. Nature BusinessThe GF Snack Stand offers a wide variety of snacks and beverages. It caters the need of the persons in transit and others who are waiting for their ride home in the said common terminal. It also provide hip and soothing music to those who are weary from work and school.The menu mainly consists of chicken, ham, ham and egg and hotdog sandwiches, fishballs, kikiam, squidballs, french fries and juices such as gulaman and pineapple juice.The said snack stand is open Mondays through Sundays from 7:00 AM to 7:00 PM.Management Aspect1.
What are the roles and responsibilities of each personnel?2. What are the different strategies were going to use in order to cope up with the competition?3.
How can we cope up with the competition?Financial Aspect1. How much will be the total cost of the project?2.
How much is the contribution of each member?3. How much profit were going to earn this kind of project?Socio-Economic Aspect1. How can the business contribute to the reduction of unemployment?2. How can the business contribute to the community?3. How can the business contribute to the economy?Excerpt from Management Project by Arde R. Name of the EnterpriseThis proposed sugar mill shall be called as Sweet Sugar Incorporated, obviously sugar is sweet and sweet is sugar. Due to economic crisis, it is hard to decide which business should be started.
In order to minimize the risk, a thorough study must be undertaken.Food business is very rewarding since man can give up almost everything except food. Men have to eat in order to live. But of course, you will also to be considered the location, security, market, management, facility, and financial to certain that the business could be carried out profitably. Examples of food business are restaurant, canteen, fast food, bars, coffee shop and many more.LocationLocation is one of the important things to consider when planning any business. Choose the best place to establish a food business.
The location should be accessible to your prospective customer. As much as possible, it should be located near colleges, municipal, church, hospital, public and private offices and residences.SecuritySafeness of your business should also be considered. The business is secure if it is located around several establishments.MarketKnow the population of your place in order to know if there are enough people who will patronize your food business.
Also, observe your competitors to be able to assume the demands. Food offers must be affordable to the people who live on your community.FacilitiesFind out the facilities to be used in your business such as the tables, chairs, cooking utensils, etc.ManagementIdentify the personnel to be hired.FinancialEstimate the total capital requirements.
Forecast the monthly income and expenses of your food business in order to know the potential profits. Consider also the sources of financing.Waste ManagementProper disposal of waste should be implemented. What will be the waste disposal method to be adopted. Feasibility Study of Establishing Cindy’s Fast Food Branch Along Plaza of Balanga, Bataan1. General Objectives1.1.
Description of the Business ProjectThe proposed business will need a two-storey building in a 2,000 square-meter lot with a parking space at the rear. The customer will drive in the left entrance greeted by the water-sprinkled Indian trees partly shielding the establishment from the fumes coming from the busy street. Embraced by the multi-colored lights, the trees will set the cosmopolitan setting to a rustic atmosphere. The building will be constructed to hide the stockroom complementing the architectural masterpiece.
The smoothly cemented exit passing through the well-manicured lawn will draw sights of satisfaction from the customers.The state-of-the-art tables, chairs and utensils will enhance the customers feeling that they are in a five-star hotel. Very affordable, the food will enthrall every customer to come and savor the food over the widely spaced tables on the immaculately marbled floor. The electronically flushing system of the restrooms will motivate the customers to force their friends and relatives to frequent this new Cindy’s Branch at the heart of the Balanga.1.2. Project Time TableAll minor details considered, the project will start serving the five thousand targeted daily customers within five months. The contractors will complete the fence and the framework of the building in the first month. They will finish the walls and the floors in the second month.
They will install the electrical and the air conditioning units in the third month. After the first and second layer coating, they will complete the final painting in the fourth month and finally they will landscape and plant balled-trees in the fifth month. As the project will be in progress, the company will busy the facilities to be used.1.3. Management of the BusinessWith three managers alternately scheduled on the eight hour duty to man the 95crew in the 24 hour service, the business will surely satisfy the customers, propelling profit to soar.The personnel will make a customer feel that he is the only one served amidst the queuing multitude. The high wage given by the company and, likewise, the humane treatment of the superiors will inspire the crew to render machine-precise service.2.
Product and Market Aspects2.1 Market OutcomeA variety of expensive fireworks commence the business to attract the children, students, parents, and professionals. This opening blast will have been advertised a month before. The initial big crowd from the different districts of the province will keep growing to actualize the management’s vision that this Cindy Branch will be the most profitable among the food chains in the City.2.2 Market and Selling PriceThe customers can order from a variety of choices in the counter staffed with beautiful and handsome ever-smiling crew. The waiters will serve the orders in the well-crafted, smoke free dining areas with both oriental and western motifs to fit their number and their tastes.
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These areas will enhance customer privacy as the customers enjoy eating while talking about the gossips of the town, or as they engage in a highly intellectual calisthenics about a hot political issue. The area will also conduce lovers to cement their relationship with their soul-penetrating interlocked gazes that only lovers could fathom, as they savor their food.3.
Technical Aspect3.1 Location FactorAt the center of Balanga Plaza, this food center will surely draw customers from the cross-section of society. The following factors will back-up the company’s foresight:3.1.1 TopographyThe 2,000 square-meter lot does not need labeling because the area is already flat and it is located in high location. No matter how strong the typhoon will be, the rains will not flood the area. The customers will not be drawn away from enjoying the services of Cindys.3.1.2 Cost of LandThe fertile business venture will cheapen the current P20,000 per square meter piece of land. The forty five million peso worth of property will double after only three years of operation.3.1.3 SecurityThe place will be safe.
Secretly installed cameras will monitor every move to ensure the security of the customers. Four security guards simultaneously assigned to the area will guarantee the safety of the clients. This will be backed up by policemen assigned at the outpost nearby.3.2 Size and Layout of the BuildingTo maximize the 40 x 50 meter land area, the engineers will erect the 20 x 30 meter proposed two storey building, leaving five meters at both sides and 18 meters fronting the street. Only two meters will be left at the back of the building. This will ventilate the establishment.3.3 EquipmentThe Bataan Builders will construct the building. This construction company will use modern building equipment like a cement mixer, caterpillar, automatic digging drill, and other state of the art construction materials.4. Project Cost4.1 The Land and the BuildingThis project will cost about P 45,000,000.00 which is roughly broken into the following:Cost of 2,000 meter lot – P 40,000,000.00Cost of 2 storey building – P 4,000,000.00Accessories and Equipments – P 1,000,000.00Total Cost – P 45,000,000.00The 45 million pesos worth of land is the biggest of the capital investment but it is worth it because unlike the other expenses, the land value will appreciate through the years.
The contract with the Bataan Builders for the proposed two-storey building is P 4,000,000. This includes materials and labor. With the five-month paying scheme, Cindy will pay P 800,000 every month until the last month. The food center will need P 1,000,000 for the imported accessories like tables, chairs and other needs.4.2 FranchiseThe food center will pay the current P 1,000,000 Cindy franchise.4.3 Sources of FinancingThe proprietor will put in P 5,000,000.
The remaining P 40,000,000 will be borrowed from the bank.5.
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March 2023
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