I.

Introduction

1.1 Rationale of the Study

1.2 Research Objective The success of most research are measured through the set of objectives arrange by the researchers. And with regards to gauge the success of the research as a whole the following general and specific objectives must meet upon researching and operating the business:

General objectives: In conducting a research, we should consider five different aspects which is the main concern of the research. It is the marketing, technical, management, financial, and socio-economic aspects. First is the marketing aspect which we aim to know the demand in connection to market share, the direct competitors and the suppliers. Our aim to determine the products and services we are going to offer, what are the machineries and equipment we are going to use and the direct labor needed in the business is under technical aspect. In terms of management aspect, we aim to establish the form of ownership, to specify the total amount of capital and who will provide it, create the organizational structure from top management to rank and file and to identify the legal requirements to be submitted to related agencies. For financial aspect, our purpose is to determine the sources of capital to derive the total project cost and to know return on investment and the payback period.

Lastly, the socio economic aspect in which we are aiming to provide employment for each employee to have the opportunity to enhance their quality of life and generate taxes to the government to help improve the community.

Specific objectives: To practice and/or apply every topic we learned with respect to the subject matter. To measure how far or how much we learn in the subject. Gather suitable information to prove that the proposed business will grow upon launching and operating. Enable the researcher to know/identify whether to pursue the proposed business or not through gathered information. To collect data and ideas connected to the business as to its operation, promotion and the like. This research also aims to help students conducting similar study, by providing them the information that they could use as references; help entrepreneurs and businessman planning and deciding to own and operate similar business. After approval this research could be use by the academe like teachers as a reference in teaching.

1.3 Significance of the Study The proponents devoted their time and effort in making this kind of study. We did the actual gathering of information and personally talk to relevant organizations. Information that is written in this study was gathered factually, from surveys, interviews to legal requirements from related agencies and individuals. We want to make sure that this study could become significantly helpful. This study will help people by giving ideas from the data herein. Furthermore, this will give an opportunity and benefits to both public and private individuals like: 1. Investors- we understand that most investors are afraid of losing their capital investment, so before investing they were making sure that the business they were going to engage is worthy or could give profit to them. By this study they will be provided the assurance of having the profit from the market being studied. 2. Entrepreneurs- those aspiring entrepreneurs who are confused on what business to engage with will have a choice. By reading and analyzing this study they will be persuade that in this kind of business industry profit is always be on hand. The detailed and accurate information will provide them the concrete idea about this kind of enterprise. 3. Students- this will be a big help to students who are making similar project. They could get ideas and accurate information to make and establish their own study/research. This will become their basis from format to actual study.

4. Teachers- after this study has been approved, members of the academe like teachers could use it as reference in teaching. This will be very useful as an example to their students because of the factual information that they could browse in this study. 5. Financing institutions- lending companies and banks will be provided their needed requirement, this study---a feasibility study, in case we will borrow money from them. With the feasible marketing and financial aspect of this study we will be able to present to them what will be the great return of our business. 6. Researchers- while doing this kind of study the researchers could improve their knowledge about business operation and undertakings. It gives them an idea on how to run a business. It makes them updated on what is happening around the community, improve their sense of responsibility and boost their entrepreneurial spirit.

1.4 Scope and Limitation Okasyon, Event Planning and Souvenir Shop will cover the catering of products and services to both business establishments and individuals. We will provide the services like catering, entertainment, videographies and

photographies, transportation services, bakeries, make-up artist and designer through our external service providers. Through them all actual products will be assured to satisfy the desire of our clients. And the souvenir items and invitation will be personally designed by the business. Okasyon will operate and cater services within Nueva Ecija. All our clients are from Nueva Ecija but in case the client desired to conduct their event outside Nueva Ecija, we will consider different factors: the side of our sub-contractors if they would agree; and the prices of the products and services, they will be entitled for additional payments for the related expenses that may incur in travelling and planning for their event.

The business will not cover the actual services thus it will be contracted to sub-contractors. As to be included to our mission, after dominating Nueva Ecija, Okasyon will become the leading event planning and souvenir shop in the Philippines so as to cater to any point of the country will be provided.

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1.5 Methodology Marketing Aspect The proponents used the survey questionnaires as the research instrument and through this we will be able to determine the demand of the target market as well as the proper strategies to be employed. The survey questionnaires include the respondents profile, product and service profile, and the viability profile. We also used the five Ps of the marketing program namely: people, product, price, promotion, and place. We also used some reference like books of feasibility study for the market study.

Technical Aspect Canvassing of materials in various construction supplies was done by the proponents to acquire the lowest price possible of the materials. We also performed the time and motion study, particularly looking and studying the products, supply, tools, machines that we are going to use in the business operation. We also interviewed Mr. Sid Dela Rosa for the location of our business. We also interviewed people to gather some information with regards to this aspect.

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Management and Legal Aspect We consulted the Municipal Office of Cabanatuan City with regards to the legal requirements needed in starting and operating this business. As well as the BIR to know on how much is the cost for the business permit. We also used different references as guide on what are the appropriate organizational structure and the implementation of such policies. We also asked some professors for proper guidance and assistance.

Financial Aspect The proponents, to determine the appropriate amount of capitalization, preparation of budget and the projection of financial position of the business, through the use of financial and accounting books. The proponents also asked the help of accountants and professors for assistance and consultation purposes.

Socio-economic Aspect The proponents consulted certain economic books for the destination of social desirability of the product. The consultation of person in related field was sought for other reference.

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II.

Summary of Business

2.1 Name of the Business The proposed project will be named as Okasyon, for it is the business is all about. We are catering event planning to customers depending on what event or affair they like. As the meaning of Okasyon defines, it is the Filipino word of occasion which means special time or event. Choosing the right name would mean having a great stand in the market. It is a form of promotion to get the interest of your prospective clients. If you have a good name you could easily catch the customers attention and create a good insight about your business. We choose Okasyon because the word is very easy to remember and it would mean a lot the business we are offering.

2.2 Location Proper location would mean profit. Right choice of location answers the accessibility of our business to prospective customers. The proposed business will be located at 2nd floor Stateside Building Kilometer 111 Maharlika Highway, Cabanatuan City.

Specifically, in front NE Pacific Mall which many prospective customers could be found and at 2nd floor of SXY General Merchandise.

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2.3 Brief Description of the Project The project which will be named Okasyon that will focus primarily in catering events by providing event planning, catering and event hosting as its services and souvenir/giveaway and invitation as its products. It will operate at the center of industrialization in Nueva Ecija which is Cabanatuan City having a great opportunity to open this kind of business because of the huge number of population and different business establishments. We will have our different subcontractors or external service providers to cater the events and they will be the one to make the actual product depending on what clients like. As the business continued its operation, they will study on how they will adopt their subcontractors strategy so that in the near future they are the one to provide all its services to maximize profit. The researchers take the opportunity to supply the untapped market in the location. It will also help the community by providing opportunities to its people.

2.4 Project Summary 2.4.1 Market Feasibility Based on the research conducted, the researchers proved that there is a big demand of our business in the market. Most answers that we get from the surveyed individuals and business establishments were in favor of answering the demand of our business. The target market of our proposed business are individuals who celebrate birthdays, baptismal, anniversaries, wedding, reunions, and other family and
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group gatherings, parties and the like. We will also serve corporate events like seminars/trainings, anniversaries, product launching, branch opening and others.

2.4.2

Technical Feasibility The proposed business will offer both service and product to prospective customers. We are serving event planning, catering and event hosting. Catering, entertainment, videographies and photographies, transportation services, bakeries, florist, make-up artist, designer will be provided by sub contractors while event planning and event hosting will be the total work of our business. The souvenirs and invitations is our product, we are going to manufacture it by our own and make original designs that will make our product exceptional to others. The location of the business will surely answer the accessibility and availability of both supplies and customers. And the City will provide the utilities.

2.4.3

Management Feasibility Sole/ single proprietorship will be the form of ownership of the business. It will be easy to form, small capital needed to start up, and all profit will be earned by the owner-manager. There will be five personnel that will be needed to be employed that include
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manager, event coordinator, bookkeeper, assistant manager and utility/ driver.

2.4.4

Financial Feasibility The initial capital of the proposed business will be Php 1,000,000.00 that will come from the sole owner Mr. Ronaldo D. Puyat Jr. The capital will cover the pre-operating expenses and all other unexpected expenses that may arise in the business operation during the year.

2.4.5

Socio-economic Feasibility By putting up this kind of business we are committed to provide significant contributions to the community as well as the economy. This includes the following contributions that our business could provide the economy: 1. Total quality and variation of our products and services to satisfy customers preference of taste; 2. Product and services ill be competitively and

reasonably priced; 3. Generate employment; 4. Generate income;

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5. It will become environment friendly; 6. Promote and help other business establishment like our external service providers; 7. Contribute taxes to the City government; 8. Promote youth welfare, i.e. making annual activity.

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III.

Background of the Study

3.1 Brief Background of the Study The researchers found out that people nowadays are too busy with their own schedule specially those who are employed or if not owner of any business which make them no time to plan or organize any occasion they were going to celebrate. The researchers wanted to help those people with regards to the extent of that matter while earning profit in return. And to prove that the researchers speculations are correct they conducted a survey as a supporting data as to the feasibility of demand of the products and services. Pre-operating assumption and operating financial projections are also based on the said survey and interview to competitors and other business entity to have a reliable consultation as to the assumption and projection. Consideration of important factor s such as target market, product pricing, and capital outlay are done with the aid of those consultations. To determine the demand for the services and products thorough research was done to the residents and business owners in Cabanatuan City. The study conducted shown the big demand for the products and services which lead us to pursue the proposed business. And we immediately conducted other study that will support its viability on its first stage of operation and expected to last in a long run.

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Total market size yield a larger market for the competitors and it needs a great marketing strategy and program to satisfy the increasing demand of clients not only in Cabanatuan City but also in whole Nueva Ecija. Establishing Okasyon, event planning and souvenir shop offers the same or better quality compare to our competitors but of a lower cost. With the help of excellent promotional tools we will meet such demand of that business in the market. Our competitors have already established name in market as event planning so it was a big challenge to us to surpass the quality of their products and services and establish our own name in the market.

3.2 Operational Description of Terms a. Proponents- a person who argues in favor of something. b. Birthday- is a day when a person celebrates his/her date of birth. c. Anniversaries- is a day that commemorates and/or celebrates a past event that occurred in the same day of the year as initial event. d. Wedding- is a ceremony in which two people are united in marriage or a similar institution. e. Reunion- usually a family, friend or school gathering wherein they were being reunited to see and have a bonding moment to each other. f. Baptismal- one of the seven sacraments of Christian church; frequently called the first sacrament.

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g. Seminars- it has the function of bringing together small groups for recurring meetings, focusing each time on some particular subject, in which everyone present is requested to actively participate. h. Product launching- is a process by which product is being introduce to the market. i. Branch opening- a successful business is often leads to consider expanding the business. It is an activity by which a newly open branch will formally introduce to the public. j. Mark up- is the difference between the cost of a good or service and its selling price. It is added to the total cost incurred in order to create profit. k. Original cost- it is the total cost associated with the purchase of an asset. l. Down payment- also known as initial payment. The upfront portion of the total amount die and it is usually given in cash at the time of finalizing the transaction. m. Margin- the percentage of the final selling that is profit. n. Memorandum of Agreement- is a written document between parties to cooperatively work and comply on agreed upon project or meet at agreed objective. The purpose of MOA is to have a written understanding of the agreement between parties. o. Legal and Statutory Requirements- standards set by the various state regulatory authorities that determine how financial statement

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must be prepared for regulators. And all laws in operating a business regulated by the country and local community. p. Labor Code of the Philippines- a decree instituting a labor code thereby revising and consolidating labor and social laws to afford protection to labor, promote employment and human resources development and insure industrial peace based on social justice. q. Depreciation- the decline in value of assets (fair value depreciation), and the allocation of the cost of assets to periods in which the assets are used (depreciation with the matching principle). r. Contingency- a possible but not very likely future event or condition; eventuality; something dependent on a possible future event.

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IV.

Market Study

4.1 Objectives of the Study 4.1.1 To determine if there is a demand for our business, event planning and souvenir shop. 4.1.2 4.1.3 4.1.4 To identify who are the direct competitors to derive our market share. To compare the demand and supply trends. Generally, to state the result of the market study conducted.

4.2 Demand Cabanatuan City as the center of industrialization in Nueva Ecija, having lots of corporation and business enterprises and also having a large number of population really identifies and answers the demand of our business in the market. Most of the corporations and business enterprises are in favor in their answer in the survey form, showing that there is a demand. Activities with high demand are seminars/trainings, anniversaries, product launching, and branch opening. Those surveyed corporations and business enterprises usually gave souvenirs for their event. And the most in demand souvenirs are mugs, keychain, button pins, t-shirt, certificates, badge, picture and umbrella.

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On the other hand, the projects services and products also have a demand to such individuals who held birthdays, anniversaries, wedding, reunion, christening/baptismal, and other family and group gathering, parties and the like. And they also gave souvenirs and giveaways.

Figure 1 Projected Demand (Businesses)

120.00% 100.00% 85.71% 80.00% 60.00% 40.00% 20.00% 0.00%
Seminars/Training Anniversaries Product launching Branch opening Others

96.43% 82.14% 71.43%

17.86%

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Figure 2 Projected Demand (Individuals)

100.00% 95.00% 90.00% 84.72% 85.00% 80.00% 75.00% 70.00% Birthdays Anniversaries Wedding Reunion Baptismal Others 81.94%

97.22% 91.67%

94.44%

87.50%

Note: Demand was derived from the surveyed businesses and individuals in Cabanatuan City, conducted last August 26, September 1 and September 9, 2011.

4.3 Supply We are not the only business who offers event planning services in the said location. In fact, presently we have two competitors namely: Shyllas Botique and Precious Moments. Identifying the direct competitors that the proposed business may encounter is one of the most significant factor that has to be considered. For it will affect the demand identification of your business or the market share in the location.

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4.4 Demand and Supply Analysis It is the analysis of the share of the market by establishing the proposed production volume as against the total market size available. With the big population and with the huge number of business establishments in the said location there is an equivalent huge demand of our products and services. Our two competitors were not able to satisfy and supply the demand of the market. That is why there is an untapped market or unsatisfied market of 59.39 % that is shown below:

Table 1 Untapped Market

Competitors Shyllas Botique Precious Moments

Estimated supplied market 12000 8000

Average population Percent of and business supplied market establishment 49250 27.37% 49250 16.24%

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Computation: Total market share Competitors market share = Untapped market 100% - (24.37%+16.24%) = 100% - 40.61% = 59.39% Untapped Market

The percent of supplied market is computed as: Shyllas Botique: 12,000 / 49,250 X 100% = 24.37%

Precious Moments: 8000 / 49,250 X 100% = 16.24%

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4.5 Market Share Figure 3 Projected Market Share

16.24%

59.39%

24.37%

Precious Moments Shylla's Botique Untapped Market

The market share of our proposed business is the untapped market derived from the percentage of unsupplied market of our competitors. Only 24.37% of the total market demand has been supplied by Shyllas Botique and 16.24% from Precious Moments. And the rest 59.39% is the available market that our proposed business could serve.

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4.6 Marketing Strategies To be recognized or to be known by the public there should be various marketing strategies to be applied. It is a must to a newly established business that wanted to be profitable to provide and make marketing strategies just like advertising the product. Furthermore, as business continue in its operation its good reputation and popularity plays a vital role in marketing the products and services.

4.7 Pricing We are providing different products and services that require different pricing techniques. For our event planning and catering, we are the one to coordinate with different sub-contractors or external service providers like catering, entertainment, videographies and photographies, transport services, bakeries, florist, make-up artist and designer. We are directly relying our prices to our sub-contractors. By making mark up to the original cost and 10% commission we will be able to derive our profit. For our souvenir items and invitations which will be provided by our business we will set prices after calculating all related expenses to the product and add margin to it. And also we are going to follow the existing price of our competitors to adopt the flow of the business trend. The price of our products will not be very high but not very low, it is only on the right margin where there will be profit to us and people can afford it.

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Okasyon offers service package on a cash basis or installment basis (down payment must at least be half of the total price agreed and the remaining to be completed upon rendition of services desired by the contracting party): Basic fees: Membership fee (payable upon signing of contract) Coordinators fee Php 500.00 10,000.00 Php 10,500.00 Other fees and rentals (optional) Bridal car Audio- visual effects Invitations A B C Php 1,500.00 5,000.00 75/item 55/item 35/item

Giveaways/Souvenirs A B C 75/item 55/item 35/item

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Balloons and Decorations A B C 5,000.00 3,500.00 2,000.00

Note: It should be indicated in the contract that any payment made by Okasyon to any external service providers (ex. Down payment), church or government sectors in relation to the processing of an event shall be reimburse.

Below is the list of External Service Provider. The researcher will determine their respective pricing and marketing offers and it will be presented to our clients on an updated basis. There should be a Memorandum of Agreement (MOA) between Okasyon and its External Service Providers indicating that all reservations and/or referrals made by the former, 10% commission on the total sales shall be paid by the latter to Okasyon.

Table 2 External Service Provider

Category Entertainment Caterers/Reception Facility

External Service Providers Ground Zero Hapag Vicenticos Rustica Aracelis

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Plaza Leticia Circles Bar Honeys Restaurant Nitas Catering Lumang Bahay La Parilla Microtel Pricilas Social Venue Videographies/Photographies Aeons Heartworks Digital Photography Cabanatuan Portrait Studio Click Transportation Services Bakeries Bro Rent A Car NE Bakeshop Goldilocks Cakeland Florist Lhaydies Flower Shop Blooms Make-up Artist Enrique Salon Jun Encarnacion Aidas Salon Joey Divina Salon

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Designer

Famosso Tailoring Bestida Postura

Note: The prices of every products and services may vary depends on what the clients desire.

4.6.2 Place of Operation In selecting the suitable location for our business we consider different factors that may affect the existence of our business. We are located at 2nd floor Stateside Building, Kilometer 111 Maharlika Highway, Cabanatuan City, which is near to our sub contractors so the accessibility of supplies will be answered. The location has its own utilities like Cabanatuan Electric Corporation (CELCOR) and Cabanatuan Water District. The business will operate within the whole Nueva Ecija, especially in Cabanatuan City most of prospective clients like corporation, banks, schools and other business and individuals can be found there.

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4.6.3 Promotion and Advertising As a market beginner, we need to introduce our products and services or mainly the business itself to the customers and other people, generally the market. We need to promote and advertise well our business to be recognized and attract clients. It is a great advantage to any kind of business if it is generally known by the public. Our promotion is timely and tactical to be able to catch up customers attention. We designed it in the form of advertising through: -Banners and signage -Flyers and sample coupons -Radio advertisement -Brochures -And naturally, word of mouth by the employees and the owner of the business

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V.
5.1 Objectives of the Study

Technical Study

The objective of technical study is to detail the formation of the product and services. Part of this feasibility determine machine and equipment, furniture and fixture, scope of operation ,supplies and utilities, direct labor requirement, geographical location of competitors, building and facilities and waste disposal. It determines the capacity of the project on how the business adopts the technology. It shows on how the business will produce, store, deliver and track its product and services. It serves as a flow chart if how the product and services evolve and move through the business to physically reach the market.

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5.2 Products and Services It is what business is going to produce or to render. Table 3 Proposed Services/Products and Description

Services Event hosting

Description Its function is to receive and entertain guests in a social or official capacity and perform as a master of ceremonies in occasions, where the relation of the word to the notion of hospitality is stretched still further.

Event planning

It is the process of planning of events. Event planning includes some or all of the following depending the event: motif, arranging for speakers, coordinating location support, arranging dcor, table, chairs, tent event support.

Catering

Business providing food service at a remote site or a site like a hotel, public house and other various location depending on the suggestion of the clients.

Products Souvenir/Giveaway In every event, souvenir serve as remembrance, memento or keepsake, an object brings home for memories associated with it. The design being used is depends upon the suggestion of the clients. Invitation It is a letter asking the recipient to attend an event. It is typically written in formal, third person language and mailed 3-5 weeks before the event date.
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5.3 Schedule of Operation Okasyon will operate everyday, 6 days a week and it will be open at 8 in the morning and be close at 5 in the afternoon. We decided to come up to 6 days a week to extend the office time because we are located near two well known malls and the big number of people that went to malls is Saturday. It will be a complement to our business when there would be more possible clients to see and inquire to our business. Six days a week will be from Monday to Saturday. Eight hours per day, 8:00 am to 5:00 pm to submit the standard office hours of a regular employee set by the Labor Code of the Philippines. The employees will be given 30 minutes for their lunch break and another 15 minutes break both in the morning and afternoon for their snacks, a total of one hour break per day. In arranging and checking of the master list or products/services to be rendered, the employees has an extending hours for their work. To the manager-owner, event planning requires to extend his personal hours to the business for some clients that are going to call and meet him beyond working hours.

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5.4 Machine and Equipment These are the materials that are used by the business for its operation like enhancing the office comfortability, safety, production and for related business communication.

Table 4 Machines and Equipment

Quantity 1 1 1 1 1 1 1 Total

Unit Piece Set Piece Set Piece Piece Piece

Description Air-conditioner Computer Telephone Stereo Television Vehicle (2nd hand car) Fire extinguisher

Amount Php 15,000.00 6,000.00 2,999.00 3,500.00 3,000.00 170,000.00 4,000.00 Php 204,449.00

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5.5 Furniture and Fixture These will be use by the business to enhance the physical feature of the business office. To become physically attractive to the eyes of clients the business should choose the appropriate furniture and fixture. The business should consider who will be the possible clients so the right one will be choose. The quality of each product to be bought, color and designs must be considered also.

Table 5 Furniture and Fixtures

Furniture/Fixtures Office table Office chair Sofa set Display cabinet Mirror Blind strip Frames Total

Quantity 1 1 1 2 1 1 1

Unit cost Php 2,500.00 1,500.00 10,000.00 5,000.00 500.00 2,800.00 1,000.00 Php 23,300.00

Amount Php 2,500.00 1,500.00 10,000.00 10,000.00 500.00 2,800.00 1,000.00 Php 28,300.00

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5.6 Supplies These are the supplies that will be used in business operation.

Table 6 Office Supplies

Office supplies Official receipt Calculator Record book Stapler Bond paper Ball pen Scissor Fastener Staple Wire Pentel Pen Ink Total

Quantity 4 pads 1 piece 3 pads 1 piece 2 rim 10 pieces 2 pieces 1 box 5 box 1 piece 2 pieces

Unit cost Php 50.00 1,000.00 47.50 75.00 150.00 10.00 25.00 80.00 15.00 50.00 100.00 Php 1,602.50

Amount Php 200.00 1,000.00 142.50 75.00 300.00 100.00 50.00 80.00 75.00 50.00 200.00 Php 2,272.50

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5.7 Utilities Utilities are needed in the business because it helps the business to run. Technically, it provides the business the materials to absorb the technology. It consists of electricity, fuel and water required. Okasyon is receiving electricity from Cabanatuan Electric Corporation (CELCOR). We need a supply of electricity for the operations of machines and equipments. The other one is the water supply which will be supported by Cabanatuan Water District. And with the number of gasoline stations in Cabanatuan City like Petron, Shell, Caltex the needed fuel will be filled.

5.8 Direct Labor Requirement This refers to the various jobs and functions necessary for operational stage. It is important to the business because it is the main contributor and maker of the product/services. Table 7 Salaries

Position Manager Event coordinator Bookeeper Assistant Manager Utility/Driver

No. of Employee 1 1 1 1 1

Monthly Income Php 10,000.00 8,500.00 7,500.00 7,000.00 6,000.00

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5.9 Geographical Location of Competitors A business must be aware where the competitors located. It will identify the promotional and marketing strategies that the business must conduct. For if the business assesses the location of the competitors it could find the most strategically site for its own advantage. Shyllas Botique and Precious Moments are the major competitors of our business. It takes 6 kilometers and 2.5 kilometers respectively, away from our proposed business. Far enough to our business, so as the large market will be available.

5.10 Building and Facilities We prefer to have a 40 sq. m. for the office of the business. The office is situated at 2nd floor Stateside Building, Kilometer 111 Maharlika Highway, Cabanatuan City. The building has its own comfort room and a window for proper ventilation. It also has its own stairway to avoid overcrowding in going up to other units. It will have a receiving area for the clients while they were waiting. The front desk for the information area and a wide space beside the sofa set to position the two display cabinets where the sample souvenirs and invitations will be place.

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The unit will be rented to the owner, Mr. Sid Dela Rosa for Php 25,000.00 a month. We planned to renovate the unit to enhance it and to make it much pleasing to the eyes and to follow the needed design for the business. For the renovation of the unit the following materials will be use:

Table 8 Renovation

Description Wood (2X2X10) Ply (4X10X4/4) Ply (4x10X1/4) Nail (assorted) Door lock Total

Quantity 2 pcs.

Unit Price Php 170.00 790.00

Amount Php 1,360.00 790.00

board 1 pc.

wood 2 pcs.

380.00

760.00

1 kg. 2 pcs.

50.00 35.00 Php 1,425.00

50.00 70.00 Php 3,030.00

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5.11 Waste Disposal Okasyon, the event planner and souvenir shop is making its commitment to the community to become an environment friendly business. The business is making sure that they have a proper segregation of waste in which white garbage bin for bio-degradable, green garbage bin for non bio-degradable and blue one for recyclable waste. The bio and non bio-degradable wastes will be properly disposed to the Citys dumpsite and recyclable waste to be sold in junkshop.

Figure 4 Waste Disposal

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VI.

Management Study

6.1 Objectives of the Study 6.1.1 To determine the form of ownership that we are going to adopt. 6.1.2 To determine the manpower needed, their qualifications and responsibilities. 6.1.3 To determine the capital needed in establishing the proposed project.

6.2 Form of Ownership Single/sole proprietorship is the form of ownership that our business is going to adopt. It is more advantageous than any form of ownership like it is the fastest form of ownership to establish because there is less legal requirements to be pass not just like in corporation too much legal requirements to be pass to Securities and Exchange Commission and law must be followed from Corporation Code of the Philippines; and against partnership, decisions came from the sole owner while in partnership all partners must agree first and it avoids easy dissolution of the business; and also all profit will be on the owners hands. In our business the owner is also the manager. The overall operation and management will be carried out by the owner-manager as well as the supervision of employees.

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6.3 Capitalization It is simply how much cash you need to start your business and keep it running until it is self- sustaining. It is the fund that will be going to use by the business o finance different expenses during the start up year of the operation. All needed capital will be provided by the sole owner which is amounting to Php 1,000,000.00. It will derive from his personal money and invest it in the business. It will cover all pre-operating expenses that the business will incur.

6.4 Manpower Requirement The most important asset of any business is its people. It is the one who will do the certain works in the business. It is the greatest input to the business for without him there would also be no production or business operation. It is the source of ideas why business succeeds. Excellent manpower would bring great results to the business.

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Table 9 Job Qualification

Position Manager Bookeeper

Qualification

-must be a graduate of BS Accountancy -with at least one year of

experience in bookkeeping -computer literate Event coordinator -graduate of any 4 year business course -psychology accepted -must have a fundamental graduate is also

background in theatre, directing and other productions -proficient in oral and written communication -computer literate Assistant manager -graduate of BS Accountancy -proficient in oral and written communication

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-computer literate -knowledgeable correspondence Utility/driver -at least high school graduate -with good moral character -must have a drivers license -hardworking with business

Table 10 Job Description

Position Manager

Job Description The owner will serve as the manager. responsible He is for the one the

formulation of policies and decision. Bookeeper Responsible preparation of for the financial

statements and other business reports, process disbursement

47

orders,

purchase

orders,

preparation of checks and other accounting works. He will be the co- signatory of the manager. Event coordinator Handles the overall directive and coordination among

service providers and clients. Assistant Manager Act as the secretary of the manager. She attends to

shoppers and clients, process contracts between parties,

collect payments and sends collection letters and other correspondents. She will give assistance to coordinator. She will be the alternate cosignatory of the manager in case bookkeepers not around. Utility/driver As the title sounds, he handles the driving He and will janitorial be the

services.

authorize person to transact

48

business

in

cases

where

employees cannot transact in banks due to any reason.

6.2 Compensation It the salaries/wages to be given to employees in exchange to their work done in the business.

Table 11 Position and Salaries

Position

No. of Employee 1 1

Monthly Salaries Php 10,000 8,500

13th Month Pay Php 10,000 8,500

Annual Salaries

Manager Event coordinator Bookeeper Assistant Manager Utility/driver

Php 130,000.00 110,500.00

1 1

7,500 7,000

7,500 7,000

97,500.00 91,000.00

6,000

6,000

78,000.00

49

6.3 Contribution Table 12 SSS Contribution Position Manager Event coordinator Bookeeper Assistant Manager Utility/Driver Monthly Salary 10,000.00 8,500.00 7,500.00 7,000.00 6,000.00 Contribution Total Employer EC Employee 606.70 10 333.30 950.00 515.70 10 283.30 809.00 455.00 10 250.00 715.00 424.70 10 233.30 668.00 364.00 10 200.00 574.00 2366.10 50.00 1299.90 3716.00 3 3 3 3 7098.30 150 3899.70 11148.00 4 4 4 4 28393.20 600.00 15598.80 44592.00

X 3 months Contribution per quarter X 4 quarters Annual contribution

Table 13 Philhealth Contribution Position Monthly Salary 10,000.00 8,500.00 7,500.00 7,000.00 6,000.00 Contribution Employer Employee 125.00 125.00 106.25 106.25 93.75 93.75 87.50 87.50 75.00 75.00 3 3 1,462.50 1,462.50 4 4 5,850.00 5,850.00 Total 250.00 212.50 187.50 175.00 150.00 3 2,925.00 4 11,700.00

Manager Event coordinator Bookeeper Assistant Manager Utility/Driver X 3 months Contribution per quarter X 4 quarters Total annual contributions

50

6.4 Organizational Structure Figure 5 Okasyon Organizational Chart

Manager

Bookeeper

Event coordinator

Assistant Manager

Utility/Driver

51

6.5 Legal Requirement Every business should comply to legal and statutory requirements for it to be accepted legally by the public.

Figure 6 Permits and Licenses

Sanitary Permit Health Certificate Garbage Fee Business Name Business Permit Permit Personnel Business Tax Zoning Fee DTI Permit Fire Permit BIR TOTAL

Php 150.00 350.00 315.00 60.00 120.00 1,260.00 2,500.00 50.00 60.00 7,500.00 500.00 Php 13,365.00

Source: Cabanatuan City Hall, Cabanatuan City, Nueva Ecija

52

VII. Financial Study

7.1 Objectives of the Study 7.1.1 To determine initial capital requirement such as total project cost. 7.1.2 To determine the projected income statement, statement of cash flow and balance sheet. 7.1.3 To determine the feasibility of financial aspect of this proposed project.

7.2 Source of Fund The initial capitalization will be provided by the sole-owner manager of the business, Mr. Ronaldo D. Puyat Jr., through his personal savings.

7.3 Estimate and Bills of Materials Supplies Particular Official Receipt Calculator Record book Stapler Bond paper Cost Php 50.00 1,000.00 4,750.00 75.00 150.00

53

Ball pen Scissors Fastener Staple wire Pentel pen Ink Total

10.00 25.00 80.00 15.00 50.00 100.00 Php 6,305.00

Renovation Description Wood(2X2X10) Ply Board(4X10X3/4) Ply wood(4X10X1/4) Nail(assorted) Door Lock Total Quantity 8pcs. 1pc 2pcs. 1kg. 2pcs. Unit Price 170 790 380 50 35 Total Php 1360 790 760 50 70 Php 3030

54

7.4 Total Project Cost

Total Project Cost

Fixed Asset Machinery and Equipment Furniture and Fixture 204,499.00 28,300.00

Sub-total Pre-operating expenses Building renovation Permit and licenses Supplies Advertising 3,030.00 13,365.00 2,272.50 3,000.00

232,799.00

Sub-total Operating expenses Building Rentals(6 Month) Salaries and wages Gasoline Utilities 150,000.00 468,000.00 15,000.00 18,000.00

21,667.50

Sub-total

651,000.00

Total

905,466.50

Add:5% Contingency

45,273.33

Total project cost

950,739.83

55

7.5 Assumption Total sales are composed of 90% cash sales and 10% credit sales. Credit sales are collectible by the following year. Purchase cost will increase by 10% per year. There shall be corresponding SSS and Phil health Contributions as part of the Employer and employee. Cost of advertisement for the first 2 years will be Php. 3,000.00 and decline by Php.500.00 for the next 3 years. Collection of basic fees must be Php 500.00 + 50% coordinators fee upon signing of contract and the remaining 50% shall be collected on or after the event day but not later than 2 days after the event. The number of clients to be served is estimated to be 33, 40, 53, 65, 80 on the first five years respectively. Salaries will increase by 10% every after 2 years. Supplies, light, water and communication expense will increase by 10% per year. Permits and licenses will increase by 10% per year. Depreciation is computed using straight-line method. Salvage value is estimated at 10% of the acquisition cost. Miscellaneous expenses are estimated at Php 5,000.00 per year. Income tax will be paid yearly

56

Gasoline will increase 10% per year. Repair and maintenance is 2% of the cost of the non-current assets, repair and maintenance will start in year 2. This will increase by 10% per year.

Purchases of raw materials to be used for creation of giveaways, invitation and souvenir shall be charge against supplies account. However, sales derived from finished giveaways, invitation and souvenir shall be lodge to other income

57

OKASYON Projected Cash Flow Statement For the year end Dec.31, 20__

Operating Activities Total Revenue Add: AR Jan.1 Less: AR Dec.31 Total Cash received from customer Supplies Used Add: Supplies Beg. Less: supplies End Total cash paid to suppliers Payment made for operating expense Rental Salaries and wages 13th Month Pay SSS Contribution Phil health Utilities Gasoline Advertising Permits and Licenses Commission Expense Repair and Maintenance Miscellaneous expense Income tax Expense Total operating expenses Net cash used in operating Activities

Year 1 1,080,750.00 -108,075.00 972,675.00 (2272.50) -1175.00 (3447.50) (300,000.00) (468,000.00) (39,000.00) (28,393.20) (5,850.00) (18,000.00) (15,000.00) (3,000.00) (13,365.00) (34,650.00) (5,000.00) (930,258.20) 38,969.30

Year 2 1,310,000.00 108,075.00 131,000.00 1,287,075.00 (2499.75) (1175.00) 1292.50 (2617.25) (300,000.00) (468,000.00) (39,000.00) (28,393.20) (5,850.00) (19,800.00) (16,500.00) (3,000.00) (14,701.50) (42,000.00) (4,716.58) (5,000.00) (6,365.51) (953,326.79) 331,130.96

Year 3 1,735,750.00 131,000.00 173,575.00 1,693,175.00 (2749.73) (1292.50) 1421.75 (2878.98) (300,000.00) (514,800.00) (42,900.00) (28,393.20) (5,850.00) (21,780.00) (18,150.00) (2,500.00) (16,171.15) (55,650.00) (5,188.24) (5,000.00) (55,426.93) (1,071,809.52) 618,486.50

Year 4 2,128,750.00 173,575.00 212,875.00 2,089,450.00 (3024.70) (1421.75) 1563.93 (3166.88) (300,000.00) (514,800.00) (42,900.00) (28,393.20) (5,850.00) (23,958.00) (19,965.00) (2,500.00) (17,788.27) (68,250.00) (5,707.07) (5,000.00) (164,733.91) (1,199,845.45) 886,437.67

Year 5 2,620,000.00 212,875.00 262,000.00 2,570,875.00 (3327.17) (1563.93) 1720.32 (3483.56) (300,000.00) (566,280.00) (47,190.00) (28,393.20) (5,850.00) (26,353.80) (21,961.50) (2,500.00) (19,567.10) (84,000.00) (6,277.78) (5,000.00) (284,412.65) (1,397,786.03) 1,169,605.41 58

Investing Activities Purchase of office equipment Purchase of Furniture/fixture Building renovation Net cash provided by Investing activities Financing Activities Initial/Additional Investment Owner's Drawing Net cash provided by Financing Activities Net increase in Cash Add: Cash beg. Of the year Cash and cash equivalent at the end of the year

(204,499.00) (28,300.00) (3,030.00) (235,829.00) 1,000,000.00 1,000,000.00 803,140.30 803,140.30

(200,000.00) (200,000.00) 418,486.50 1,134,471.26 1,552,957.76

886,437.67 1,552,757.76 2,439,195.43

(400,000.00) (400,000.00) 769,605.41 2,439,195.43 3,208,800.84

331,130.96 803,140.30 1,134,271.26

59

OKASYON Projected Income Statement For the year end of Dec.31,20__ Year 1 Revenues: Membership fee Coordinators Fee Commission Other Income Total Gross Income Less: Operating Expenses Depreciation Rental Salaries and wages 13th Month Pay SSS Contribution Phil health Supplies Utilities Gasoline Advertising Permits and Licenses Commission Expense Repair and Maintenance Miscellaneous expense Total operating Expenses Income before Income Tax Income tax Net Income Php16,500.00 330,000.00 396,000.00 338,250.00 Php1,080,750.00 Year 2 Php20,000.00 400,000.00 480,000.00 410,000.00 Php1,310,000.00 Year 3 Php26,500.00 530,000.00 636,000.00 543,250.00 Php1,735,750.00 Year 4 Php 32,500.00 650,000.00 780,000.00 666,250.00 Php2,128,750.00 Year 5 Php 40,000.00 800,000.00 960,000.00 820,000.00 Php2,620,000.00

Php 42,449.22 300,000.00 468,000.00 39,000.00 28,393.20 5,850.00 2,272.50 18,000.00 15,000.00 3,000.00 13,365.00 34,650.00 0 5,000.00 Php 974,979.92 105,770.08 6,365.51 Php 99,404.57

Php 42,449.22 300,000.00 468,000.00 39,000.00 28,393.20 5,850.00 2,499.75 19,800.00 16,500 3,000.00 14,701.50 42,000.00 4,717 5,000.00 Php 991,910.25 318,089.75 55,426.93 Php 262,662.82

Php 42,449.22 300,000.00 514,800.00 42,900.00 28,393.20 5,850.00 2,749.73 21,780.00 18,150.00 2,500.00 16,171.15 55,650.00 5,188.24 5,000.00 Php1,061,581.54 674,168.46 164,733.91 Php 509,434.55

Php 42,449.22 300,000.00 514,800.00 42,900.00 28,393.20 5,850.00 3,024.70 23,958.00 19,965.00 2,500.00 17,788.27 68,250.00 5,707.07 5,000.00 Php1,080,585.46 1,048,164.54 284,412.65 Php 763,751.89

Php 42,449.22 300,000.00 566,280.00 47,190 28,393.20 5,850.00 3,327.17 26,353.80 21,961.50 2,500.00 19,567.10 84,000.00 6,277.78 5,000.00 Php1,159,149.77 1,460,850.23 416,472.07 Php1,044,378.16

60

OKASYON
Projected Balance Sheet As of Dec.31,20__ Assets Current Assets: Cash on Hand Cash on Bank Petty Cash fund Accounts receivable Supplies Total Current Assets Non-Current Assets Machinery and Equipment Less: Accumulated dep'n. Furniture/fixture Less: Accumulated dep'n. Building renovation Less: Accumulated dep'n. Total Non-Current Assets Total Assets Year 1 160,628.06 622,512.24 20,000.00 108,075.00 1,175.00 912,390.30 204,499.00 36,809.82 167,689.18 28,300.00 5,094.00 23,206.00 3,030.00 545.40 2,484.60 193,379.78 1,105,770.08 Year 2 226,854.25 887,417.01 20,000.00 131,000.00 1,292.50 1,266,563.76 204,499.00 73,619.64 130,879.36 28,300.00 10,188.00 18,112.00 3,030.00 1,090.80 1,939.20 150,930.56 1,417,494.32 Year 3 310,551.55 1,222,206.21 20,000.00 173,575.00 1,421.75 1,727,754.51 204,499.00 110,429.46 94,069.54 28,300.00 15,282.00 13,018.00 3,030.00 1,636.20 1,393.80 108,481.34 1,836,235.85 Year 4 487,839.09 1,931,356.34 20,000.00 212,875.00 1,563.93 2,653,634.36 204,499.00 147,239.28 57,259.72 28,300.00 20,376.00 7,924.00 3,030.00 2,181.60 848.40 66,032.12 2,719,666.48 Year 5 641,760.17 2,547,040.67 20,000.00 262,000.00 1,720.32 3,472,521.16 204,499.00 184,049.10 20,449.90 28,300.00 25,470.00 2,830.00 3,030.00 2,727.00 303.00 23,582.90 3,496,104.06

61

Liabilities and Equity Current Liabilities Income Tax payable Equity R. Puyat Capital beg. Less: Drawing Add: Net income Ending Total Liabilities and Equity

6,365.51 1,000,000.00 99,404.57 1,099,404.57 1,105,770.08

55,426.93 1,099,404.57 262,662.82 1,362,067.39 1,417,494.32

164,733.91 1,362,067.39 200,000.00 509,434.55 1,671,501.94 1,836,235.85

284,412.65 1,671,501.94 763,751.89 2,435,253.83 2,719,666.48

416,472.07 2,435,253.83 400,000.00 1,044,378.16 3,079,631.99 3,496,104.06

62

Schedule 1: Salaries and Wages

Position Manager Event coordinator Bookkeeper Assistant manager Utility/driver Total Number 1 1 1 1 1 Monthly Income 10,000.00 8,500.00 7,500.00 7,000.00 6,000.00 39,000.00 Annual Income 120,000.00 102,000.00 90,000.00 84,000.00 72,000.00 468,000.00

63

Schedule 2: Distribution of Cost

(Total expense for year) Particular Permits and licenses Supplies Salaries and wages Utilities Advertising Gasoline Miscellaneous expenses Total Amounts 13,365.00 2,272.50 468,000.00 18,000.00 3,000.00 15,000.00 5,000.00 524,637.50

64

Schedule 3: Depreciation
Particular Building Renovation Machinery and equipment Furniture and Fixtures Total Cost 3,030.00 204,499.00 28,300.00 235,829.00 Salvage value 10% of cost 303.00 20,449.90 2,830.00 23,582.90 Depreciation value 2,727.00 184,049.10 25,470.00 212,246.10 Estimated useful life 5 5 5 Annual depreciation 545.40 36,809.82 5,094.00 42,449.22

Schedule 4: Repair and Maintenance

Particular Building Renovation Machinery and Equipment Furniture and Fixture Total Year 1 0 0 0 0 Year 2 60.6 4089.98 566 4716.58 Year 3 66.66 4498.978 622.6 5188.238 Year 4 73.33 4948.88 684.86 5707.06 Year 5 80.66 5443.76 753.35 6277.77
65

Schedule 5: Income Tax

Particular Earnings before Income tax Personal Exemption Taxable income Year 1 105,770.08 50,000.00 55,770.08 Year 2 318,089.75 50,000.00 268,089.75 Year 3 674,168.46 50,000.00 624,168.46 Year 4 1,048,164.54 50,000.00 998,164.54 Year 5 1,460,850.23 50,000.00 1,410,850.23

Annual tax due 30,000.00 25,770.08X15% 250,000.00 18,098.75X30% 500,000.00 124,168.46X32% 500,000.00 498,164.46X32% 2,500.00 3,865.51 50,000.00 5,426.93 125,000.00 39,733.91 125,000.00 159,412.65
66

500,000.00 910,850.23X32% Income tax 6,365.51 55,426.93 164,733.91 284,412.65

125,000.00 291,472.07 416,472.07

Schedule 6: Utilities
Particular Light Water Communication Total Cost 7,000.00 6,000.00 5,000.00 18,000.00 Year 1 7,000.00 6,000.00 5,000.00 18,000.00 Year 2 7,700.00 6,600.00 5,500.00 19,800.00 Year 3 8,470.00 7,260.00 6,050.00 21,780.00 Year 4 9,317.00 7,986.00 6,655.00 23,958.00 Year 5 10,248.70 8,784.60 7,320.50 26,353.80

67

Schedule 7: Purchases
Particular Official Receipt Calculator Record book Stapler Bond paper Ball pen Scissors Fastener Staple wire Marker Ink Total Cost 50.00 1,000.00 4,750.00 75.00 150.00 10.00 25.00 80.00 15.00 50.00 100.00 6,305.00 Year 1 55.00 1,100.00 5,225.00 82.50 165.00 11.00 27.50 88.00 16.50 55.00 110.00 6,935.50 Year 2 60.50 1,210.00 5,747.50 90.75 181.50 12.10 30.25 96.80 18.15 60.50 121.00 7,629.05 Year 3 66.55 1,331.00 6,322.25 99.83 199.65 13.31 33.28 106.48 19.97 66.55 133.10 8,391.96 Year 4 73.21 1,464.10 6,954.48 109.81 219.62 14.64 36.60 117.13 21.96 73.21 146.41 9,231.15 Year 5 80.53 1,610.51 7,649.92 120.79 241.58 16.11 40.26 128.84 24.16 80.53 161.05 10,154.27

68

Schedule 8: Revenue From Membership and Coordinators Fee

Particular MF(500X33) CF(10000X33) MF(500X40) CF(10000X40) MF(500X53) CF(10000X53) MF(500X65) CF(10000X65) MF(500X80) CF(10000X80) Year 1 16500 330000 20000 400000 26500 530000 32500 650000 40000 800000 Year 2 Year 3 Year 4 Year 5

69

Schedule 9: Estimated Commission Income From Other External Service Provider

Particular Ave. total expenses to be incurred for the event X Estimated No. of clients to be served Total X commission rate Commission Income 33 3,960,000.00 10% 396,000.00 40 4,800,000.00 10% 480,000.00 53 6,360,000.00 10% 636,000.00 65 7,800,000.00 10% 780,000.00 80 9,600,000.00 10% 960,000.00 120,000.00 120,000.00 120,000.00 120,000.00 120,000.00 Year 1 Year 2 Year 3 Year 4 Year 5

70

Schedule 10: Commission Expense

Particular MF(500X33) CF(10000X33) MF(500X40) CF(10000X40) MF(500X53) CF(10000X53) MF(500X65) CF(10000X65) MF(500X80) CF(10000X80) Total 346,500.00 420,000.00 556,500.00 682,500.00 Year 1 16,500.00 330,000.00 20,000.00 400,000.00 26,500.00 530,000.00 32,500.00 650,000.00 40,000.00 800,000.00 840,000.00 Year 2 Year 3 Year 4 Year 5

71

X Commission Rate Commission Expense

10%

10%

10%

10%

10%

34,650.00

42,000.00

55,650.00

68,250.00

84,000.00

Schedule 11:Estimated Revenue Derived from the Sale of Giveaways and Invitations
Particular Average Cost of invitations Add Average Cost of Giveaways Total X Expected no. of pieces to be ordered Total 150.00 16,500.00 150.00 16,500.00 150.00 16,500.00 150.00 16,500.00 150.00 16,500.00 55.00 110.00 55.00 110.00 55.00 110.00 55.00 110.00 55.00 110.00 Year 1 55.00 Year 2 55.00 Year 3 55.00 Year 4 55.00 Year 5 55.00

72

Add: Optional fee Ave. no of Souvenir Total X estimated n. of clients to be served Total X Probability percentage of Clients availing for sother/ optional fees Estimated Other Income 50% 354,750.00 50% 430,000.00 50% 569,750.00 50% 698,750.00 50% 860,000.00 33 709,500.00 40 860,000.00 53 1,139,500.00 65 1,397,500.00 80 1,720,000.00 5,000.00 21,500.00 5,000.00 21,500.00 5,000.00 21,500.00 5,000.00 21,500.00 5,000.00 21,500.00

73

Schedule 12: Cost of Renovation

Description Wood(2X2X10) Ply Board(4X10X3/4) Ply wood(4X10X1/4) Nail(assorted) Door Lock Total Quantity 8pcs. 1pc 2pcs. 1kg. 2pcs. Unit Price 170 790 380 50 35 Total 1360 790 760 50 70 3030

74

VIII. Financial Analysis

8.1 Return on Investment Return on investment = Net Income Investment Year1 = 99,404.57 X 100 = 8.99 1,105770.08 226,662.82 X 100 = 18.53 1,417,494.32 509,434.55 X 100 = 27.74 1,836,235.85 763,751.89 X 100 = 28.08 2,179,666.48 1,044,378.16 X 100 = 29.87 3,946,104.06

Year 2=

Year 3=

Year 4 =

Year 5 =

22.64 Ave. Rate of Return

75

8.2 Payback Period PBP = Investment Net Income Particular Year 1 Year 2 Year 3 Year 4 Year 5 Ave. Net Income Net income 99,404.57 262,662.82 509,434.55 763,751.89 1,044,378.16 535,926.40

Add: Depreciation Total

42,449.22 578,375.62

PBP =

1,105,770.08 578,375. 62

= 1.91185459

76

IX.

Socio-economic Impact

Customers Satisfaction As part of the community, the possible customers like individuals and business entities must be well satisfied by our business. By providing them quality products with prices is competitively and reasonably made, we could assure customers satisfaction is achieved .Thinking always the customers on welfare is one of the main goal of our business ,so by depending on their taste and preferences our products and services will be guaranteed quality produces delivered .We are after what are the customers desire ,so that the product s and services that we are going to make are all complying to their needs so as to satisfy them.

Employment and Income By establishing this business we will create opportunities to the public. Okasyon will give employment to residents of Cabanatuan City or nearest towns especially those persons who are unemployed but highly qualified to become part our business .Out of the employment that we could and work to the business .We are giving income in exchange for their work to be perform where in they could use it to improve their standard of living and to meet their family`s basic needs which is really necessary for them. The salaries of employees will be given at the exact date agreed by the two parties involved.

Environment Friendly Our business are providing quality product and service to its customers while committing itself to become environment friendly. We are making proper disposal of our waste .By segregating all bio degradable and recyclable waste separately. We are assuring the community that our waste from our operations will just be dispose elsewhere in the street instead following the rules of the City Government in proper waste disposal.

77

Taxes Upon operation of the business we aim to have profit .As a low abiding citizen of our country we are entitled to pay taxes within the proper period of time required to us. Okasyon, event planning and souvenir shop its great impact in the Philippines economy, specifically to the local Government unit of Nueva Ecija for the taxes that we are going to pay. Aside from taxes we could also become contributor to the economy by paying the licenses .clearances and permits required by law. The taxes that will be collected to us by the provincial Government will be use to projects of community like roads and highways ,Infrastructures ,health programs and most specially the education program ,which Nueva Ecija Provincial Government is giving emphasis, great example is Eduardo L Joson Memorial College.

Youth Welfare Our business can also render social service to the community at the same creating favorable image and goodwill. We notice that the number of less fortunate children like street children are increasing, in that manner our business will try to give them a sense to belongingness into the community they included so they could feel that they were not being left .By conducting Christmas parties even once a year for example, this event will surely become special to them that they b could feel that they are important to the community.

78

X. Appendices

79

A. Used and Other Supporting Documents

80

B. Plant Layout and Vicinity Plan

81

C. Pictorial

82

D. Curriculum Vitae

83