Republic of the Philippines

Department of Education
Region IV-A CALABARZON
Division of Batangas
District of Mabini
Anselmo A. Sandoval Memorial National High School

Science, Technology, Engineering and Mathematics (STEM)

BAGODEVI Company
BamboColoCo Souvenir Shop
Anilao Proper, Mabini, Batangas

In partial fulfillment of the requirements in:

ENTREPRENEURSHIP

Submitted by:
Balita, John Andrei A.
De Chavez, Ronalyn
Gonda, Khen Joshua M.
Villanueva, Romelia Y.
STEM11- HYDROGEN

Submitted to:
Mrs. Joji C. Balaquit

March 2020
 ACKNOWLEDGMENT
This business plan is both an opportunity and task that our group must
take on. An opportunity which gives us a chance to be an advertiser of a product.
And a task which stand as part of our activity in Entrepreneurship. We would like
to give an honour to our teacher, Mrs. Joji C. Balaquit who guides us towards
finishing this task. Giving her full attention and giving us time to finish it; those
things are very special and made us feel thankful. We sincerely acknowledge our
class adviser, Mrs. Alma Ramos who also encourage and motivate us to be
dedicated while finishing all the needed requirements. We are very thankful to our
parents for being supportive and always telling us that we can surpass all the
hindrances we were facing right now. Special acknowledgment for Mhel John A.
Balita for helping us to prepare the prototype of our products, also the family of
John Andrei Balita for giving us the warmest welcome since the first day of
making this business plan. We would like to congratulate ourselves who did not
fail to support each and every one of us just to complete this business plan. Also
to give gratitude on those who are willing to help until this business plan is over.

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 Business Plan Outline
Table of Contents

Title Page ……………………………………………………………………………….i

Company Logo and Acknowledgement …………………………………………..ii
Table of Contents …………………………………………………………………….iii
Introduction……………………………………………………………………………..1
I. Executive Summary ………………………………………………….……………3
1.1Name of Business……………………..……………………………….....3
1.2 Goal of Business………………………………...………………………..3
1.3 Location of Business……………………………………………………..3
1.4 Brief Description of Business………………………………...………...4
1.5 Objective of Study…………………………………..…………………….4
a. Marketing Aspects………………………………..………………..4
b. Management Aspects……………………………………………...4
c. Technical Aspects……………………………………………….....4
d. Financial Aspects…………………………………………………..5
e. Socio-economic Aspects……….…………………………………5
1.6 Scope and Limitation…...………………………………………………..5
II. Marketing Aspects…..…………………..………………………………………...6
2.1 Objectives of the Study……...…………………………………………..6
2.2 Market Description…..........................................................................6
2.3 Company’s Mission…………………………….…………………………6
2.4 Company’s Vision…………………………………………………………6
2.5 Values……………………………………………………………………….7
2.6 Methodology……………………………………………………………….7
2.7 Historical Demand………………………………………………………...8
2.8 Projected Demand………………………………………………………...8
2.9 Historical Supply………………………………………………………….9
2.10 Projected Supply …………………………………………………..……9
 2.11 Market Share (Pie Graph) …………………………………………….10
2.12 Marketing Plan………………………………………………………….11
2.13 Marketing Strategies ………………………………………………….11
2.14 Target Market……………………………………………………………12
2.15 SWOT Analysis………………………………………………………….13
2.16 Advertising materials………………………………………………….14
2.17 Business Logo………………………………………………………….14
2.18 Business Card…………………………………………………………..14
2.19 Business Tagline……………………………………………………….15
2.20 Facebook Page…………………………………………………………15
2.21Product Packaging……………………………………………………..16
III. Management Aspects……………………………………………………………17
3.1 Objectives of the Study…………………………………………………17
3.2 Management Description………………………………………………17
3.3 Process of Securing Licenses and Permits………………………...18
3.4 Forms of Business Organization……………………………………..18
3.5 Organizational Structure……………………………………………….19
3.6 Duties and Responsibilities of the Personnel……………………...20
3.7 Qualifications of Personnel……………………………………………22
3.8 Hiring Process and its Requirements………………………………..23
3.9 Business Requirements………………………………………………..24
3.10 Salary Compensation………………………………………………….24
3.11 Schedule of Salary……………………………………………………..25
3.12 Employer/Employee Schedule ………………………………………26
3.13 Business Needed ……………………………………………………...27
3.14 Projected Expenditures ………………………………………………29
3.15 Projected Profit ………………………………………………………...30
3.16 Gant Chart ……………………………………………………………....31
IV. Technical Aspects ………………………………………………………………33
4.1 Objectives of the Study…………………………………………………33
 4.2 Technical Description…………………………………………………..33
4.3 Building……………………………………………………………………33
4.4 Pricing schedule…………………………………………………………35
4.5 Pictures of Machinery and Equipment………………………………35
4.6 Pictures of Furniture and Fixtures……………………………………36
4.7 Pictures of Office Supplies…………………………………………….37
4.8 Pictures of Maintenance Supplies……………………………………38
4.9 Pictures of Sanitary Supplies………………………………………….40
4.10 Pictures of Product Materials/Supplies…………………………….41
4.11 Quantity and Prices of Machinery and Equipment……………….42
4.12 Quantity and Prices of Furniture and Fixtures……………………43
4.13 Quantity and Prices of Office Supplies…………………………….43
4.14 Quantity and Prices of Maintenance Supplies…………………....44
4.15 Quantity and Prices of Sanitary Supplies………………………….44
4.16 Quantity and Prices of Product Materials/Supplies……………...44
4.17 Utility Consumptions………………………………………………….45
4.18 Leasehold Improvements…………………………………………….45
4.19 Floor Plan………………………………………………………………..46
V. Financial Aspects ………………………………………………………………..47
5.1 Objective of the Study…………………………………………………..47
5.2 Financial Description……………………………………………………47
5.3 Financial Assumptions…………………………………………………47
5.4 Project Financing………………………………………………………..49
5.5 Total Projected Cost…………………………………………………….51
5.6 Financial Statements……………………………………………………52
VI. Socio-economic Aspects ………………………………………………………60
6.1 Objectives of the Study…………………………………………………60
6.2 To the Customers………………………………………………………..60
6.3 To the Community……………………………………………………….60
6.4 To the Government……………………………………………………...61
 6.5 To the Employers/ Employee………………………………………….61
6.6 To the Environment……………………………………………………..61
References
Appendices 1
Supporting Details
Partnership Agreement
Appendices 2
Legal Aspects
Business Documents and Evidences

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 INTRODUCTION

BamboColoCo is a souvenir shop situated in the town of Mabini in

Batangas province. Mabini is a 1st class municipality here in Batangas and
known for its snorkeling sites and diving in coastal areas. When they want to
have fun and see the view of the sunset and the sunrise it is highly recommended
to visit our place. Lot of people and tourists wants to enjoy here for the vacation
with their families and friends and that's the opportunity to offers about everything
you want in a coastal town. In every summer vacation, lot of tourist people goes
to Mabini for their summer vacation, which is because it is near in Metro Manila.
Since Mabini is included in one of the tourist spot in Batangas, we proposed to
build a souvenir shop that will attract both tourists and locals. The BAGODEVI
Company decided to place it in Anilao Proper MabiniBatangas. It is because most
of the travel agencies programs that visited in Batangas including (either bus or
private vehicles), a large amount of tourists who visiting Mabini, who spend a few
couples of hours in Anilao said to be the birthplace of scuba diving in the country,
and has received several international recognition for being one of the best diving
spots in Asia.
In today's highly competitive environment, it is more difficult to differentiate
between one souvenir shops to another. Most of the souvenir shops in the tourist
places are selling similar product and services. The customers can’t find the
items that satisfy their wants because of common products. Souvenir shop
named "BamboColoCo" unlike a typical souvenir shop, it will provide a unique
combination of souvenirs and art works. Our products are divided in 3 categories:
1) souvenirs, 2) home and decor, 3) bags. Souvenirs are 86% of our production
because our main target groups are tourists. We offer a variety of handmade
souvenirs like straws, vases, cups, key chains, bags, coin/money bank and etc.
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 Souvenirs will be highly-quality handmade product in authentic and in the
same time in artistic styles. The diversity of art products and the materials that
they are made will attract a lot of customers at fair prices.
The second category of our production is wall art. Although the souvenir
shop in the town is in great competition, we will bring out something new to the
market. Souvenir shop "BamboColoCo" will be innovative as appearing with
home and wall decor. We expect that art lovers in the region will be fascinated in
our works. Home and wall decor will represent 9% of total production. The third
product category is bags and it represents 5% of total production.
The BamboColoCo Souvenir Shop is an important component of the
tourist experience, with most tourists bringing back mementos and souvenirs as
evidence. People will be reminded of their special moments in their lives and to
hold evidence for those special moments. The research identifies the core
importance of the souvenir as evidence of the experience as well as the roles of
memory and as gifts.“BamboCoLoCo’s Fresh and Unique Style, Giving People
Joy and Make Them Smile.”

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 CHAPTER I
EXECUTIVE SUMMARY
1.1 Name of the business

The name of the proposed business is the “BAMBOCOLOCO SOUVENIR

SHOP". The organization in the BAGODEVI Company came up with the idea how
to have a unique shop that will promotes and offers eco-friendly products
especially those that is made of bamboos and coconut plants with creative and
artistic designs. The company's shop name was formed because if the customer
saw it they will easily distinguished and think about what is that particular shop
and what are souvenir products are made of.

1.2 Goal of the business

The main goal of the business is to promote eco-friendly products that
expose the artistry and creativity of people of Mabini, make many branches in
Batangas and have many customers that can acquaint the products the souvenir
item shop. Also the goal of the business is to provide and meet the needs and
wants of the customers especially the tourists and to be more exclusive in
different places.
1.3 Location of the business

The BAMBOCOLOCO SOUVENIR SHOP is located in Anilao Port, Anilao

Proper, Mabini, Batangas. The reason why it is located in Anilao Port is because
most people usually tourists frequently go there. Also it is located near the
different popular resorts in Mabini and it is the location of the terminal to Tingloy,
Batangas, another tourist attraction with full of tourists, it can help the tourism
industry to grow more. It is an opportunity for us to introduce and establish our
shop there.

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1.4 Brief description of the business

The BAMBOCOLOCO Souvenir Shop is a business entity that offers eco-

friendly products or memorable souvenir items made of bamboos and coconut
plants with artistic designs. The reason why the organization BAGODEVI
Company chose this kind of business is because they wanted to introduce again
the declining bamboo and coconut industry.
1.5 Objectives of the study
This business aims to introduce the products of BAMBOCOLOCO
Souvenir Shop in the market by possessing and addressing the following
objectives:
A. Marketing Aspects
• To know how to price the product
• To know what marketing strategy will be used to gain more profit
and make more branches
• To know how to satisfy the customers’ needs and wants

B. Management Aspects
• To know how to handle the employees
• To learn how to divide each employee that suit or fits in this kind of
work
• To know how to choose the best employees that suits or fits in this
kind of work

C. Technical Aspects
• To know the tools and materials that can help to develop new
designs of the product
• To determine where to put up a new branch of the business

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 • To know how to maintain the satisfaction of the customers

D. Financial Aspects
• To determine the range of money will be needed to invest on
establishing the BAMBOCOLOCO Souvenir Shop
• To learn how to manage the expenses
• To know the financial requirements that will be needed

E. Socio-Economic Aspects
• To find out what will be the impact of products of the souvenir shop
in the business industry

1.6 Scope and limitation

The scope is within the vicinity of other places in Mabini, Batangas. The
presumable customers are the tourists all the way from different places and also
households or people who would like to avail souvenir items. There is some
limitation on pricing the products offered by the shop because the design and the
raw material used are not the same in all the products. The products can be also
distributed through direct selling or through online. The customers within
Batangas City can be part of the local customers of the shop if they are willing to
purchase the souvenir products.

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 CHAPTER II
MARKETING ASPECTS
2.1 Marketing objectives
• To attract tourists as well as local customers and increase sales of
souvenir items
• To develop and offer new unique souvenir products
• To set up a unique shop and innovate new designs of the souvenir
products

2.2 Market description

The target location of BAMBOCOLOCO Souvenir Shop is in Anilao Port,
Anilao Proper, Mabini, Batangas, it is near on different popular resorts and
beaches that contains a lot of tourists or people in the locality. Anilao Port is the
departure and arrival station or location of the people coming from Tingloy,
Batangas, the number of people there can be added to the number of customers
in Mabini where in most of the customers will go there because it has many stalls
of different businesses.

2.3 Company's mission

Strive to be a unique shop in the local market and make clients to
experience the artistic atmosphere of the shop and offers great value and having
a quality souvenirs, create a sense of "place-worth-to-visit" for both tourists and
locals.

2.4 Company's vision

To be one of the leading and successful souvenir shop business that offers
eco-friendly products after 2 years

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2.5 Values

Cheerfulness- By showing our feeling of appreciation; show our customer

that they are very important to us.

Fairness- Be fair at all times; give and offer product with fair prices to each
customers, former or new customers.

Accountable- Be always on account so if the customer has complaints

about the product; customer should be assess accordingly so they won’t
had any bad feedback about our service and product; can still make the
customer go by and purchase the product.

2.6 Methodology
The BAGODEVI Company decided to create a shop named
BAMBOCOLOCO Souvenir Shop that offers different products that is made of
bamboos and coconut plants parts just like bamboo sticks, coconut leaves,
coconut dried items and many more with unique style and fashionable design.
The proponents used survey, questionnaire and analysis to understand the
workability of the research and gather information and data about different areas
such as the target market's needs and wants. The researchers also conduct
analysis to other existing souvenir items to have a comparison and take an
evaluation to learn the process and the needed methods to establish the
proposed business.

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2.7 Historical demand
YEAR POPULATION %OF DEMAND DEMAND

2015 42,560 50% 21,280

2016 43,870 55% 21,134

2017 46,110 60% 27,666

2018 48,660 65% 31,629

2019 51,280 70% 35,896

Table 2.1: The population use as basis for demand was gathered from the
license department of Municipality of Mabini, Batangas. The % of demand is
based on result of the survey and is being multiplied to the population to arrive at
the total demand.
2.8 Projected demand
YEAR POPULATION %OF DEMAND DEMAND

2021 54,548 75% 40,911

2022 56,240 75% 42,180

2023 58,610 80% 46,888

2024 60,350 80% 48,280

2025 62,460 85% 53,091

Table 2.2: From the data of historical population, the proponents got the
average percentage of increase in population per year and they apply it to the
present year up to the projected year to get the population for projected demand.
8
 The population multiplied by % of population from historical demand. The
product will be multiplied by the population.
2.9 Historical supply
YEAR POPULATION %OF SUPPLY SUPPLY

2015 42,560 30% 12,768

2016 43,870 35% 15,354.50

2017 46,110 40% 18,444

2018 48,660 45% 21,897

2019 51,280 50% 25,640

Table 2.3: From the data of historical population, the proponents got the
average percentage of increase in population per year then apply it to the present
year up to the projected year to get the population for projected supply. The % of
supply is based on result of the survey and is being multiplied to the population to
arrive at the total supply.
2.10 Projected supply
YEAR POPULATION %OF SUPPLY SUPPLY

2021 54,548 50% 27,274

2022 56,240 55% 30,932

2023 58,610 60% 35,166

2024 60,350 65% 39,227.50

2025 62,460 70% 43,722

9
 Table 2.4: From the data of historical population, the proponents got the
average percentage of increase in population per year and they apply it to the
present year up to the projected year to get the population for projected supply.
The population multiplied by % of population from historical supply. The product
will be multiplied by the population to arrive the supply per year.

2.11 Market share

SALES

20% BAMBOCOLOCO
SOUVENIR SHOP
PASALUBONG
50% CENTER
30% OTHER SHOPS

Figure 2.1: It depicts the total share of different souvenir shops in the
market. The different businesses have their share in market represented by the
total share in percent form. The BAMBOCOLOCO Souvenir Shop has the highest
percent in terms of market share and followed by other souvenir businesses.

10
2.12 Marketing plan
The proponents came up with this product in the business world because
they want to provide something new or innovated unique products that will meet
the wants and taste of the target customers. The concept of this is based on what
is the current situation of the industry of bamboo and coconut plants and now it
will be the calling time to exclusively introduce again and to build a plan where a
defined goal is set. The main objective of this study it to truly introduce and
promote eco-friendly products that can be useful for the tourism industry. The
purpose of this study is to make the customers feel the eco-feeling and
appreciate arts and designs. They also show SWOT Analysis to discuss and
show the strengths, weaknesses, opportunities and the threats of the business.

2.13 Marketing strategies

The BAMBOCOLOCO Souvenir Shop of BAGODEVI Company will use
flyers and posters as their advertising materials that will distribute and posted
around different selected and preferred places. Media platforms such as
Facebook will be used also to endorse and advertise the products offered by the
shop to the digital community. Also some of the staffs and employees will
approach the possible customers or different people and give them samples or
present the unique styles of products of the shop. The company will display
tarpaulins on designated areas and give flyers to easily inform and attract and
guide the customers towards the shop to avail the products offered.

11
2.14 Target market
As they analyzing for their target market, the first thing that came up to
their mind was the tourists coming from different seasons and locations in the
Municipality of Mabini. They chose them as their primary target because they
know that part of a vacation on a tourist destination of tourists is to have
memorable items that can bring in their home while leaving the place. The target
market of the BAGODEVI Company are those tourists who want tangible items
that could be a souvenir as they visit a particular place aside from having digital
pictures or their experiences. They can have something that will bring them back
to their unforgettable moments on visiting a specific location. Local community
people are also included to their target location. Items are to be categorized
depends on the likes of different tourists and the artistic designs of the
BAMBOCOLOCO Souvenir Shop will surely satisfy their wants on having a lot of
souvenir items.
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2.15 SWOT analysis

BAGODEVI COMPANY: BAMBOCOLOCO SOUVENIR SHOP

Strengths

• Artistic and unique styles of the products offered

• Good location of the business and geographic place of material
sources

Weaknesses

• If there is a sudden disaster that may affect the source of materials or

an earthquake that may occur that results the business to suspend its
operation
• If there are other retail outlets or a competitor produced products that
can cause low sales

Opportunities

• Customers especially tourists wants souvenir items while having a

vacation
• Lifting industry demand on different products when tourists are
expected to travel to Mabini, Batangas

Threats

• Products offered by other business competitor with the same

characteristics and kind of materials used

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2.16 Advertising materials
2.17Business logo

2.18 Business card

WHOLESALE OR RETAIL SHOP OF SOUVENIR ITEMS

Location: ANILAO PORT,ANILAO PROPER, MABINI

BATANGAS
Cell phone No.: 0995-284-5482

Email: [email protected] [email protected]

[email protected]
[email protected]

14
2.19 Business tagline

“BamboColoCo's Fresh and

Unique Style,

Giving People Joy and Make

Them Smile”

2.20 Facebook page

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2.21 Product packaging

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 Chapter III
MANAGEMENT ASPECTS
3.1 Objective of the study
• To identify and find the type of ownership to be form
• To determine the organizational structure that are suitable in setting –
up the BAGODEVI Company
• To identify the different positions, qualifications needed, its duties and
responsibilities
• To determine the process of hiring personnel

3.2 Management description

In establishing a business, management is one of the important aspects. It
is the performance of conceiving and achieving desired results by means of
group effort consisting of utilizing human talents and resources. This is
considered as the force that runs an enterprise and is responsible for business
success or failure. This aspect includes a study of the offices and key personnel,
financial capability and new technologies, as well as the basic consideration in
forming the organization, form of business ownership, the hiring process, its
requirements and the organizational chart and also the projected schedule.
According to McDaniel and Gitman (2008), it is the process of guiding the
development, maintenance, and allocation of resources to realize the objectives
of an organization. It implied that management can be regarded as the process of
planning, organizing, leading and controlling an organization’s human, financial,
physical and informational resources in order to realize predetermined
organizational objectives in the most efficient manner. It is supported by Hellriegel
(2005), management refers to the tasks and activities involved in directing an
organization or of its units: planning, organizing, leading and controlling.

17
3.3 Process of securing licenses and permits
The following requirements should be met by the business to legally operate:
1. Registration of the business name to the Department of Trade and
Industry.
2. Application for SEC Registration
3. Application and securing for a Mayor’s permit as well as for the sanitary
permit.
4. Application for building permit and Electrical, Fire Safety Inspection
Certificate
5. Registration to Home Development Mutual Fund
6. Registration of Bureau of Internal Revenue
7. Registration to Phil. Health
8. Registration to S. S. S.

3.4 Forms of business organization

The form of ownership that the business will pursue is partnership.
Partnership is an association composed of two or more persons who have
agreed the combine their labour, property and skill or some of all them, for the
purpose of engaging the law full business and sharing profit and losses between
them and to contribute money and/or labour with the intention of dividing the
profits and losses to be generated among them. The group decided to adopt a
partnership type of ownership as the legal form of business because it is the
easier and less expensive to organize and more personnel and informal. It is
simpler to manage because of having a strong agreement about establishing the
chosen business. Every partner is expected to contribute capital and labour in the
conduct of the business.
The organization will operate under the name of “BAGODEVI
COMPANY”. This is the general partnership composed of four partners namely:
JOHN ANDREI BALITA, KHEN JOSHUA GONDA, RONALYN DE CHAVEZ,
ROMELIA VILLANUEVA who agreed to contribute money and industry to a
common fund. Each member shall equally contribute money with intention of
dividing profits and losses.

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3.5 Organizational structure

GONDA, KHEN BALITA, JOHN

JOSHUA M. ANDREI A.
Manager Supervisor

DE CHAVEZ, VILLANUEVA,
RONALYN R. ROMELIA Y.
Sales Assistant Production Assistant

Production Staff Production Staff

Production Staff Production Staff

Production Staff Production Staff

Production Staff Production Staff

Production Staff Production Staff

Production Staff Production Staff

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3.6 Duties and responsibilities of personnel
A. Manager
• Responsible for overseeing the smooth running of the souvenir shop
• Part of the team that determines the quantity, types and brands of souvenir
items to be retailed in the store and responsible in checking sales record
• Responsible for training, evaluation and assessment of the entire work
force and assigning employees task
• Ensures that the shop meets the expected safety and health standard at
all times as well as the product quality

B. Supervisor
• Setting goals for performance and deadlines in ways that comply with
company’s plans and vision
• Overseas and organizes the workflow and ensuring that employees
understand their duties or delegated tasks in the business environment
• Monitors employees productivity and providing feedback and coaching
• Passes information to manager either about the reward and promotion of
employees based on performance or concerns in hiring and firing
employees
• Receive complaints and resolve problems, ensure adherence to legal and
company policies and procedures and undertake disciplinary action if the
need arises

C. Sales Assistant
• Maintains relationship with clients by providing support information and
guidance on product selection of them
• Sells product by establishing contact and develops relationship with
prospects and recommending solutions
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 • Responsible for keeping and records of sales, processing, cash and card
payments, balancing cash registers with receipts
• Answering queries from customers and responsible in reporting
discrepancies and problems to the supervisor
• Working within established guidelines, particularly with brands
• Ensuring high levels of customer satisfaction through excellent sales
service

D. Production Assistant
• Prioritize, plan, schedule and manage production activities to meet
manufacturing objectives in timely and cost-effective manner
• Identify production issues, analyze root causes and derive resolutions
• Perform inventory management and report the production process status
to Manager
• Develop production plan and schedule to ensure continuous operations
• Develop logistic strategy to avoid downtime and delays
• Develop process improvements to improve workflow efficiency

E. Production Staff
• Planning and organizing production schedules, assessing project and
resource requirements.
• Overseeing production process including measuring and quantifying the
set of raw materials needed for production.
• Selecting, ordering and purchasing materials, organizing the repair and
routine maintenance of production equipment.
• Executes work assignments and procedures, supervising the work of junior
staffs.

21
3.7 Qualifications of personnel
A. Manager
• Male or female
• Must be 25 years old above
• Possesses bachelor’s degree or master’s degree in Business
Administration
• Having at least 2 years work/proven experience as manager or relevant
role
• Must have a good moral character
• Must be able to speak effectively in English language
• With pleasing personality
• Must have a strong dedication and conviction to work

B. Supervisor
• Male or female
• Must be 21 years old and above
• Possesses bachelor’s degree in Business Administration
• Having at least 2 years work/proven experience as supervisor or relevant
role
• Must have an excellent communication skills
• Must have an outstanding organizational and interpersonal skills
• Familiarity with company policies and legal guidelines in the field
• Must be responsible and hardworking

C. Sales Assistant
• Female or male
• Must be at least 20 years old
• Possesses bachelor’s degree in Business Administration

22
 • Knowledgeable in the aspects of information technology, market trends
and commercial environment
• Must have a comprehensive understanding on the area of sales and
inventory techniques
• Must have relevant experience

D. Production Assistant
• Female or Male
• Must be at least 20 years old
• Proven experience as production assistant or a passion for the industry
• A team player with great communication skills
• Any degree subject is acceptable even without high school diploma,
although high school graduates are more pretend

E. Production Staff
• Female or Male
• Must be at least 18 years old
• Must be able to work briskly and efficiently
• Must have technical, team working and project management skills
• Considered work ethics and organizational skills
• Must be able to concentrate or doing repetitive task

3.8 Hiring process and its requirements

1. Employment examination
2. Interview
3. Background checking
4. Final Interview
5. Physical Examination
6. Placement in the job

23
3.9 Business requirements
The BAGODEVI Company’s proposed business will provide job opening
by flyers and posters or tarpaulins posted around different selected places in
Mabini, Batangas and nearby places. Also, they will require an online application
by messaging and approaching the social media platform account of the
company on Facebook page named BamboColoCo Souvenir Shop. The
applicants required to submit the following:
1. Transcript of records (diploma/certifications)
2. Resume
3. Certificate of eligibility
4. Birth Certificate or NSO
5. SSS Tin
6. Phil. Health
7. Barangay Clearance or NBI Clearance
8. Police clearance

3.10 Salary compensation

Compensation
Each employee will receive a fixed monthly compensation to be given in
two instalments. The first half will be given on the 15 th day of the month while the
remaining half will be given and taken on the 30 th day of the same month. An
increase in salary will be given to each employee to each employee on a fixed
yearly increment.

24
3.11 Schedule of Salary
Table 3.1
Compensation/Allowance Schedule
Position Daily Monthly Annually

Manager Php 12,750.00 Php 153,000.00

Supervisor 12,250.00 147,000.00

Sales Assistant 12,000.00 144,000.00

Production 12,000.00 144,000.00

Assistant

Production Staff 375.00 11,250.00 135,000.00

375.00 11,250.00 135,000.00
375.00 11,250.00 135,000.00
375.00 11,250.00 135,000.00
375.00 11,250.00 135,000.00
375.00 11,250.00 135,000.00
375.00 11,250.00 135,000.00
375.00 11,250.00 135,000.00
375.00 11,250.00 135,000.00
375.00 11,250.00 135,000.00
375.00 11,250.00 135,000.00
375.00 11,250.00 135,000.00

25
 Production Production Sales Supervisor Manager POSITION
Staff assistant assistant
Table 3.2

1
1
1
1

12
NO.

920.80 1,141.80 1,141.80 1,178.70 1,178.70 ER

454.20 563.20 563.20 581.30 581.30

EE
3.12 Employer / Employee Schedule

1375.00 1,705.00 1,705.00 1,760.00 1,760.00

L
SOCIAL SECURITY

TOTA

10.00 30.00 30.00 30.00 30.00

ER
EC

930.80 1,171.80 1,171.80 1,208.70 1,208.70

ER

454.20 563.20 563.20 581.30 581.30

EE
TOTAL

1,385.00 1,735.00 1,735.00 1,790.00 1,790.00

CONTRIBUTION

L
TOTA

26
3.13 Business Needed
Table 3.3

ITEM/S What are Needed Sources Cost

Nails, cardboard, metal

Commercial Php
Materials ring, strings, zippers,
Stores 150,000.00
glue stick, glue gun etc.

Complete set of tools

Tools and for making mugs, Commercial
250,000.00
Equipment vases home decors, Stores
table, swivel chair etc.

Box, plastic, card board

Materials/ Commercial
and other kinds of 100,000.00
Packaging Stores
packaging materials

Flyers, posters,
Promotions 50,000.00
sampling

Water, electricity, and

Utilities 120,000.00
communication
 Payment of Human
Salaries 192,000 .00
Service

Lot 2,000,000.00

Sanitary permit,
Permit/ taxes Municipal permit,
30,000.00
Due barangay permit,
Permit1year

Monthly protection for

Insurance 15,000.00
employee (1month)

Ledger, logbooks,
Supplies 45,000.00
ballpens, marker

Php
TOTAL
2,952,000.00

28
 Yearly Monthly Weekly Daily

Period
Table 3.4

Materials/Pac
1,512,000.00 126,000.00 31,500.00 Php 4,500.00
kaging

336,000.00 28,000.00 7,000.00 Php 1,000.00 Promotion

3.14 Projected Expenditures

1,915,200.00 159,600.00 39,900.00 Php 5,700.00 Salaries

252,000.00 21,000.00 5,250.00 Php 750.00 Utilities

504,000.00 42,000.00 10,500.00 Php 1,500.00 Insurance

2,000,000.00 Lot

6,519,20.00 376,600.00 94,150.00 Php 13,450.00 Total

29
3.15 Projected Profit
Table 3.5

Total Projected Total Projected Total Expected

Period Covered
Sales Expenditures Profit

Daily Php 30,000.00 Php13,450.00 Php 16,550.00

Weekly 210,000.00 94,150.00 115,850.00

Monthly 840,400.00 376,600.00 463,800.00

Yearly 10,080,000.00 6,519,200.00 3,560,800.00

Php
Expected Net
3,560,800.00
Income after a
-2,952,000.00
year of
Php 608,800.00
operation

30
3.16 GANT Chart
Table 3.6

SEPTEMBER 2020

NOVEMBER 2020

DECEMBER 2020
OCTOBER 2020

JANUARY 2021
Process

Time
allocated for
the site
selection

Time
allocated of
preparation of
feasibility
study

Time
allocated for
sourcing of
capital
 Time
allocated for
securing
licenses and
permits

Time
allocated for
improvement
of leasehold
Time
allocated for
acquisition of
equipment
and
machinery
Start of
normal
operation

32
 Chapter IV
TECHNICAL ASPECTS
4.1 Objective of the Study
• To ensure that each customer receives fast, professional, friendly and
courteous service and good quality handmade products
• To provide fair price-well prepared product using only quality materials
• To give idea about the product service, manufacturing and alternative
process, materials to be used and utilities required to maintain the proper
orientation of the business

4.2 Technical Descriptions

The technical aspect discusses about the processes of production, the
total production cost, plant lay out of the kiosk and the advertisement or how the
owners will market their product. It states also the machineries and equipment
used in production and other aspects regarding bringing the raw materials into a
finished product ready for selling and consumption. Also, the lists of tools are
enumerated with their corresponding costs and quantities, the raw materials and
fund sources are also cited.
4.3 Building
The proponents consider of having their own space for their business,
instead of renting in an establishment, they want to build their own building.
BAGODEVI Company’s BamboColoCo Souvenir Shop space is enough for the
Manager, Production Staff, Sales Assistant and other workers. The right side can
accommodate by the customers who wants to buy products. The price of the lot
which is ranging in two million is enough to create the establishment. There is
also one comfort room in the store in the side of the stock room. There is 1
entrance door and fire exit in the store. The business logo will be at the top of the
store to easily attract customers.
33
 There will also be a standing tarpaulin to be placed in front of the store
where customers can see the product being offered.

34
4.4 Pricing schedule
The proponent decided to price the product depends upon on the size
designs and styles of the product’s variety they will take or bought. Each
souvenir items is available for different classification and choices. Add-on scheme
is one of the factor or basis of pricing the souvenir products. The customers will
be the one to choose based on their needs and wants.

PRODUCT PRICE

Bags Php 199.99.00

Wallet 30-50.00

Mugs 95.00

Necklace 50.00

Fan 50.00

Money bank 99.99

Home decor 85.00

4.5 Pictures of Machinery and Equipment

Computer- is an electronic device for
storing and processing data. They are
often used for point-of-sale and
inventory tracking systems. This allows
the store to keep an inventory which
they can easily search, and which is
updated each time an item is sold, so
they can always know whether or not the
item is in stock.
35
 Printer- is a device that can copy or print a
picture or a document. A peripheral device which
makes a persistent representation of graphics or
text, usually on paper. It prints the needed
documents of the shop.

Calculator- is used for

making mathematical calculations; in particular small
electronic devices. It has unique uses that make them a
vital tool for many aspects of a business. Applications for
a business calculator include the business and financial
calculations, time and data management, statistical
calculations
Telephone- is a telecommunication device that
the two or more persons can talk even if they
are far apart to be heard directly.
Phone Systems Voice over Internet Protocol,
can tie in with customer relationship
management software and can include very
high level capabilities for managing phone calls
within a business.
4.6 Picture of Furniture and Fixtures
Swivel Chair- a chair with a seat able to turn on its
base to easily face any direction; is designed for use
at a desk in an office. It is usually a swivel chair, with a
set of wheels for mobility and adjustable height. Modern
office chairs typically use a single, distinctive load
bearing leg.

36
 Cabinet- a piece of office furniture usually used
to store paper documents in file folders. It is an
enclosure for drawers in which items are stored;
a piece of furniture that has doors and drawers
and is often used for storage, like an office
cabinet that holds your items and important
things.

Desk- a piece of a furniture with a flat or sloped

surface and typically with drawers, at which one
can read, write or do other work. A flat table-style
work surface used in stacking items and other
purposes.

Mono block- is a light weight stackable polypropylene

chair, usually white in colour, often described as the
world’s most common plastic chair.

4.7 Pictures of Office Supplies

Bond Paper- is a high quality durable writing
paper similar to a blank paper, especially
suitable for electronic printing and use in
office machines including copiers and
network and desktop printers. It is
typically used for letterheads,
stationery, business forms, and a variety of
documents produced with inkjet and laser printers
37
 Ink- a component of an inject printer that
contains the ink that deposited onto paper
during printing. It is very important in a
business because of printing bulk sets of
documents.

Ballpen-is a writing instrument with an internal

ink reservoir and a sphere for a point. It is
used on recording some important reminder
and tasks in a business.

Scissor- is a hand-operated cutting

instrument. They consist of a pair of metal
blades pivoted so that the sharpened edges
slide against each other. It cuts the things
need to sort and repair within the business
vicinity.

4.8 Pictures of Maintenance Supplies

Broom- is a cleaning tool consisting of stiff

fibers attached to, and a cylindrical handle the
broomstick. It is used to clean the dirt and
wastes in the working area.

38
 Door Mat-is a generic term for a piece of fabric
or flat material generally placed on a floor or in
other flat surface and serving a range of
purposes. It is placed at the door so that the
people who will enter the working area will be
able to clean their feet.

Dust Pan- is a cleaning utensil it is commonly

used to combination with the broom. Carry the dirt
and waste collected by the broom in the working
area.

Mop- used to soak up the liquid, for cleaning

floors and other surfaces in the working area

Light Bulb- use to lighten the working area in the

shop

39
4.9 Pictures of Sanitary Supplies

Hand Sanitizer- a supplement to hand washing

with soap and water. It is commonly located at the
sink of the CR and other places.

Soap- mainly used as surfactants for

washing, bathing and cleaning. Placed in the
CR and used after using the comfort room.

Air freshener- consumer products used at

homes.

Tissue- a soft paper product used to

maintain personal hygiene after human
urination.

40
 Toilet Cleanser- refers to a number of
chemicals that remove colour, whiten or
disinfect via oxidation.

Toilet Brush- is a domestic implement

designed for the cleaning of the
lavatory pan.

4.10 Pictures of Product Materials/Supplies

Glue Stick- is a form of thermoplastic
adhesive that is commonly supplied on solid
cylindrical sticks of various diameters,
designed to be melted in an electric hot glue
gun.

41
 Glue Gun- a very useful tool for joining
modelling materials and even more substantial
materials can be fixed together with it.

4.11 Quantity and Prices of Office Machinery and Equipment

Table 4.1

Product Quantity Price Total

COMPUTER 3 pcs Php 19,999.00 Php 59,997.00

PRINTER 3 pcs 7,000.00 21,000.00

CALCULATOR 3 pcs 650.00 1,950.00

TELEPHONE 3 pcs 950.00 2,850.00

TOTAL Php 85,797.00

42
4.12 Quantity and Prices of Furniture and Fixtures
Table 4.2

Product Quantity Price Total

DESK 6pcs Php 1,500.00 Php 9,000.00

SWIVEL CHAIR 6 pcs 900.00 5,400.00

MONOBLOCK 50 pcs 80.00 4,000.00

CABINET 8 pcs 4,500.00 36,000.00

TOTAL Php 54,400.00

4.13 Quantity and Prices of Office Supplies

Table 4.3

Product Quantity Price Total

BOND PAPER A4 size (4 pcs) Php 150.00 Php 600.00

INK 1 set 1,500.00 1,500.00

BALLPEN 10 pcs 6.00 60.00

SCISSOR 6 pcs 35.00 210.00

TOTAL Php 2,370.00

43
4.14 Quantity and Prices of Office Maintenance Supplies
Table 4.4

Product Quantity Price Total

BROOM 2pcs Php 120.00 Php 240.00

FLOOR MOP 2pcs 200.00 400.00

LIGHT BULB 4pcs 100.00 400.00

DUST PAN 2pcs 50.00 100.00

DOOR MAT 2pcs 55.00 110.00

TOTAL Php 1,250.00

4.15 Quantity and Prices of Sanitary Supplies

Table 4.5
Product Quantity Price Total
HAND 2 bottles
Php60.00 Php 120.00
SANITIZER (250ml)
SOAP 4 box 26.00 104.00
AIR
2 cans 160.00 320.00
FRESHENER
TISSUE 4 packs 75.00 300.00
TOILETCLEANS
1 bottle (500ml) 120.00 120.00
ER
TOILET BRUSH 2pcs 50.00 100.00
TOTAL Php 1,114.00
44
4.16 Utility Consumptions
Table 4.6

Monthly Annual
Particulars
consumptions consumptions

WATER Php 3,500.00 Php 42,000.00

ELECTRICITY 8,500.00 102,000.00

TOTAL Php12,000.00 Php 144,000.00

4.17 Leasehold Improvements

Table 4.7

Materials Prices

FIRE EXIT Php 5,000.00

DOOR 5,500.00

INSULATION 4,500.00

TOTAL Php 15,000.00

LABOR COST 3,000.00

TOTAL RENOVATION COST Php 18,000.00

45
4.18 Floor Plan

Storage Personnel’s Comfort

Room Room Room

Souvenirs
Manager’s
table

Souvenirs

Cashier
Souvenirs

46
 CHAPTER V
FINANCIAL ASPECTS

5.1 Objective of the study

• To determine the costs to be needed to invest on establishing the
BamboColoCo Souvenir Shop
• To analyze the financial viability of the project
• To learn how to manage the expenses
• To know the financial requirements that will be needed

5.2 Financial description

Accounting is the way to communicate the financial of a business for us,
owners. The Importance of understanding and analyzing the financial statement
do not see some of the business owners. Without monthly preparation and proper
understanding of the financial statements, business owners are sometimes not
able to make business good decision based on financial data. If there’s a lack of
financial basis of business decision- making if may lead to financial difficulty. It
may often cause the financial distress of us, business owners.
The capital of the business is about (Php 3,000,000.00) three million pesos
that deal with its own expenses not just in the product but also on the location
where they can built the store to sell its ultimate products. Financial description
will be given by not just on the income information but also all about the financial
expenses.

5.3 Financial assumptions

A. The business will operate as General Partnership.
B. A five year projection is made starting 2021.
47
 C. The company will generate its sales through offering souvenir product
such as mugs, vases, wallets and many more.

D. Total revenue is estimated to come from the projected demand which is

composed of 90%.
E. Revenue is composed of 90% in cash.

F. Accounts receivable is collected by 50% within the year and the

remaining 42% is to be collected by the following year wherein 8% is estimated to
be uncollectable.
G. Salary will increase by 7% annually.
H. The 13th month is equivalent to one month basic salary.

I. SSS, Pag – ibig contribution are computed on the form field up by

employees.
J. The depreciation expensed is computed using straight line method. The
useful life of the equipment is 5 years and furniture and fixture are 10 years.

K. Repair and maintenance is to be 5% of the carrying value of the non-

current assets.
L. Utilities and Equipment is expected to increase at 8% annually, it
includes water and electricity.

M. Ending office supplies and other supplies is estimated to 35% of the

budget supplies.
N. Permit and licenses are estimated to 30,000 and expected to increase
at 3% annually.
O. Building location and establishment is estimated as Php 2,000,000.00.
P. Additional loan from the bank.
48
 Q. If the cash is enough, the business would distribute profit with the
following amount:
• 1st year- Php 913,437.83
• 2nd year- Php 1,538,340.55
• 3rd year- Php 2,210,586.79
• 4th year- Php 2,780,276.27
• 5th year- Php 3,379,846.95

5.4 Project financing

The sources of capital that the partners will use are taken from their
personal savings.
PROJECT FINANCING
The partners will use an initial investment of Php3, 000,000.00 to finance
the operation of BAGODEVI Company. This will be allocated to 4 partners.
Table 5.1

BAGODEVI Company
Partner’s Capital Contribution

% on total
Description Contribution Amount
Balita, John Andrei A. 25 % PHP 750,000.00

De Chavez, Ronalyn R. 25 % PHP 750,000.00

Gonda, Khen Joshua M. 25 % PHP 750,000.00

Villanueva, Romelia Y. 25 % PHP 750,000.00

49
 The partners’ equity and their share in the profit of loss would be based on
the partners’ contribution which is equally distributed.
Figure 5.1

BAGODEVI Company
PARTNER'S CAPITAL CONTRIBUTION

Balita, John Andrei A.

De Chavez, Ronalyn R.
25% 25%

Gonda, Khen Joshua M.

25% 25%

Villanueva, Romelia Y.

Figure 5.1: It depicts that there is an equal distribution of capital shares of

partners on the company. Four partners equivalent to 25% is enough to create a
100% full of invested capital share. The contribution is enough for the existence
of the business.
50
5.5 Total projected cost
Table 5.2
Total projected cost

Fixed Assets

Machinery and Equipment Php 85,797.00

Furniture and Fixtures 54,400.00

Leasehold Improvement 72,000.00

Total 212,197.00

Working Capital (3 months)

Salaries and Wages 192,000.00

SSS Contribution-Workers 30,274.20

Expenses

Utilities Expenses 120,000.00

Supplies Expenses 150,000.00

Transportation Expenses 95,000.00

Permit and Licenses 30,000.00

Advertising Expenses 50,000.00

Building Expenses 2,000,000.00

Total Projected Cost Php 2,879,471.20

51
Table 5.3
Initial Capital

PARTNERS CAPITAL CONTRIBUTIONS

Balita, John Andrei A. PHP 750,000.00

De Chavez, Ronalyn R. PHP 750,000.00

Gonda, Khen Joshua M. PHP 750,000.00

Villanueva, Romelia Y. PHP 750,000.00

TOTAL Php 3,000,000.00

5.6 Financial statement

Financial statement of the company provides the accounting image of the
financial position and the company’s financial operations over the period of time.
It has the main objective of providing information about the financial
position, performance and cash flows of an entity.
It is used by the users to evaluate the business function with respect to
financing, investing and operating the activities to arrive at sound economic
decisions.
The purpose of a financial statement is to enable a business to establish
the result of its operations over a period of time and to determine its worth at a
specific date.
Financial statements are often prepared by business people to assist them
in evaluating their financial condition.
A basic set of financial statements is consisted of an:
52
 Income Statement it shows the several elements that enter the

computation of net profit or net loss over a period of time.

Statement of Financial Position is a summary of the assets, liabilities and

equity of the business at a specific date.

Statement of Cash Flows, which provides information about cash inflows

and outflows during an accounting period as well as the net change in cash flows

the operating, investing and financing activities in a manner that, reconciles the

beginning and ending cash balances.

The performance of BAGODEVI Company is based on the two-year (2)

annual projections and supported by the financial assumptions for the figures that

needed to be assumed.

The Income Statement of BAGODEVI Company is comprised of sales,

cost of goods sold and operating expenses. The level of income earned by the

firm through the efficient and effective use of its resources is determined.

Information about cash flows is useful in order to assess the operating,

financing and investing activities of the firm during the period.

The Statement of Financial Position, commonly known as Balance Sheet

comprises its assets, liabilities and equity at a particular time. It pertains to the

liquidity, solvency, financial structure and capacity for adaptation of the firm.

53
Table 5.4
BAGODEVI Company
Income Statement
As of December 31, 2020

Net Sales Php 1,375,310.00

Less: Expenses

Material Expense 150,000.00

Promotion Expense 50,000.00

Salaries Expense 192,000.00

Utilities Expense 120,000.00

Insurance Expense 30,274.20

Total Expenses 542,274.20

Income Before Tax 833,036.00

Tax Expense 224,236.00

Php 608,800.00
Net Income

54
Table 5.5
BAGODEVI Company Balance Sheet
As of December 31, 2020
ASSETS

CASH ON HAND 400,000.00

CASH ON BANK 250,000.00

ACCOUNT RECEIVABLE 200,000.00

BUILDING 2,000,000.00

EQUIPMENT 250,000.00

SUPPLIES 45,000.00

FURNITURE & FIXTURES 55,000.00

TOTAL ASSETS PHP 3,200,000.00

LIABILITIES
ACCOUNTS PAYABLE 100,000.00

TOTAL LIABILITIES 100,000.00

EQUITY

GONDA’S CAPITAL 750,000.00

BALITA’S CAPITAL 750,000.00

DE CHAVEZ’S CAPITAL 750,000.00

VILLANUEVA’S CAPITAL 750,000.00

TOTAL EQUITY PHP 3,000,000.00

TOTAL LIABILITIES AND EQUITY PHP 3,200,000.00

55
Table 5.6
BAGODEVI Company
Projected Income Statement
For the Year Ended December 31, 2021-2025

2021 2022 2023 2024 2025

Projected 1,150,500. 1,890,250. 2,680,540. 3,350,462. 4,055,465.

Sales 00 00 50 70 95

Less: Sales
34,515.00 56,707.50 80,416.22 100,513.88 121,663.98
Discount

Net Sales 1,115,985. 1,833,542. 2,600,124. 3,249,948. 3,933,801.

00 50 29 82 97
Less: Cost
of goods 70,787.47 77,868.24 80,155.84 82,209.07 84,315.16
sold

Gross Profit 1,045,197. 1,755,674. 2,519,968. 3,167,739. 3,849,486.

53 26 44 75 81
Less:
Selling and
7,200.00 7,560.00 7,938.00 8,334.90 8,751.65
administrati
ve Expense
Income
1,037,997. 1,748,114. 2,512,030. 3,159,404. 3,840,735.
Before Tax 53 26 44 85 17
Income Tax
124,559.70 209,773.71 301,443.65 379,128.58 460,888.22
Expense
Net
1,538,340. 2,210,586. 2,780,276. 3,379,846.
913,437.83
Income 55 79 27 95

56
Table 5.7
BAGODEVI Company
Cash Flow Statement 2021-2025
2021 2022 2023 2024 2025
OPERATING ACTIVITIES
Net 913,437.8 1,538,340. 2,210,586. 2,780,276. 3,379,846.
Income 3 55 79 27 95
Add:
Depreciati
0.00 0.00 0.00 0.00 0.00
on
Expense
Adjusted
913,437.8 1,538,340. 2,210,586. 2,780,276. 3,379,846.
Net
3 55 79 27 95
Income
Account (288139.8 (291,618.6 (295,468.7 (299,502.9 (303,465.7
Receivable 0) 6) 7) 9) 2)
Accounts 214,717.0 260,090.5 269,076.8 275,520.0 281,858.1
Payable 0 8 9 2 9
698,720.8 1,278,249. 1,941,509. 2,504,756. 3,097,988.
Total
3 97 90 25 76
INVESTING ACTIVITIES
Capital
Expenditur 0.00 - - - -
es
Acquisitio
- - - - -
ns
Total
0.00
Invested
FINANCING
2,506,248. 380,336.4
Payables - - -
00 2
Equity 3,300,000. 3,300,000. 3,300,000. 3,300,000. 3,300,000.
Issued 00 00 00 00 00
Less:
840,000.0 900,000.0 1,200,000. 1,210,000.
Withdrawa 3.00
0 0 00 00
ls
4,966,248. 2,780,336. 2,100,000. 2,090,000. 3,299,997.
Total
00 42 00 00 00
 -
Net Cash 4,267,527. 1,502,086. 158,490.1 202,008.2
414,756.2
Flow 17 45 0 4
5
Add:
4,267,527. 5,769,613. 5,928,103. 5,513,347.
Beginning -
17 63 73 48
Cash
Ending 4,267,527. 5,769,613. 5,928,103. 5,513,347. 5,715,355.
Cash 17 63 73 48 71

Table 5.8

Payback Period

Initial Investment 3,000,000.00

Less: Net Income (1st year) 913,437.83

Balance 2,086,562.17

Less: Net Income (2nd year) 1,538,340.55

Balance 548,221.62

Less: Net Income (3rd Year) 2,210,586.79

(0)

Payback Period 2 years and 2 months

58
 Net Profit After
Return on 608,800.00
Taxes
Sales (ROS) =
Sales = 2,010,000.00

= 0.30 or 30%

Return on Net Profit After

608,800.00
Assets (ROA) Taxes
= Assets = 3,200,000.00

= 0.19 or 19%

Net Profit After

Return on 608,800.00
Taxes
Equity (ROE) =
Equity = 3,200,000.00

= 0.19 or 19%

59
 CHAPTER VI
SOCIO-ECONOMIC ASPECTS

6.1 Objective of the study

• To determine the conduciveness of the company and how it can contribute
to the business world
• To improve the standards of living of the community by providing quality
service and employment
• To support local economy by using local materials to aid local producers

6.2 To the customers

BAGODEVI Company shall offer a product with a high quality, uniqueness
and a thing that very useful one with an affordable price guaranteed to each
customer. They will establish a business that provides reliable information about
the shop and the products it offers usefulness and uniqueness to the customer to
satisfy and meet their needs and wants on visiting BamboColoCo Souvenir Shop.

6.3 To the community

The BAGODEVI Company proposed a business named BamboColoCo
Souvenir Shop will generate employment. The business will not only benefit the
owners and the members of this but also the society itself, aside from giving job
in the people of Mabini and nearby areas, this will be a great help to lessen the
unemployment and it is an opportunity on serving the community. The community
can benefit from the business for the owners can sponsor or help on some of the
community's projects or activities or have some scholarship grants.
60
6.4 To the government
The BAGODEVI Company is not only composed of the owners and the
members of the business but also the government and public. All income that will
incur will generally help and contribute to the much needed things of the society.
The earnings of hired employees and the income coming from the customers
purchased products will be added to the income of the government in terms of
taxes. BamboColoCo Souvenir Shop is for profit entity, which generates profit
through operations and obliged to pay income taxes and business taxes to the
Bureau of Internal Revenue (BIR) that will be remitted to the government.

6.5 To the employers/employees

The BAGODEVI Company will provide the employers and employees with
proper wages and benefits. These will able to improve economics as well as their
own skills to the highest degree to become an asset of the company while
employees were be able to become more productive and enable them how to
make each client’s/customers of the business satisfied not only on the product
but all to their very gladdening attitude on how they can motivate each clients to
come back multiple times in the shop/company just to buy the souvenir product it
offers.

6.6 To the environment

The BAGODEVI Company is an environmental friendly business; they
follow the proper waste disposal to help the environment in lessening great
effects of wastes and to maintain the cleanliness. If there are programs or
activities related to the environment, the company is willing to join, participate and
support its objectives, they make sure that the environment maintained its
cleanliness. This company also makes sure all machineries and equipment that
they will use will limit its consumption of electricity.
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