CHAPTER II

INTRODUCTION AND BACKGROUND OF THE STUDY

A. Brief Description of the Study

Kindled Mind is a co-working space that aims to provide an environment

for students and independent professionals who are in need of a space that is conducive

for learning, sharing ideas and meeting deadlines. The proponents have identified the

growing demand of students and freelance workers who endeavor to break the isolation

of their homes and distraction of coffee shops to find a convivial environment that allows

them to interact, share, build and co-create. Kindled Mind aims to provide facilities that

are suitable for productivity and creativity.

B. Company Profile

Kindled Mind is a study hub located at 1st floor, Pala-pala Square Building

Dasmarinas, Cavite

OUR MISSION

OUR VISION

C. Background of the Study

 Nowadays, coffee shops and sometimes fast food chains have been a go-to

place for students when libraries are not available or professionals alike who want to

catch up with work after office hours. However, the facilities of these places are not built

for a learning environment and could also get uncomfortable for long-term work or study.

In response to this need, co-working spaces or study hubs have been

established to attend the growing number of students and independent professionals who

are in need of a conducive place to be productive. Co-working spaces provide facilities

that are designed to cater people who seek to find a comfortable environment that favors

meetings and creativity. Practically these are small hubs who enable users to use their

private spaces for a fee.

D. Objectives of the Study

a) To offer facilities that enhance productivity and allows creativity to proliferate.

b) To ensure the success and completion of the business.

c) To ensure customer satisfaction and become one of the market leaders.

d) To provide a good ambience ideal for conducive learning and getting the work

done.

e) To offer an affordable space that allows people to innovate ideas through

collaboration and meetings.

E. Methodology of Data Gathering

The proponents used different techniques in gathering information to support the

study.

E1. Survey

The proponents conducted a survey among 60 respondents to get their opinion

regarding study hub/ co-working space business. The population used in the study

consists of students and freelancers around the area of Cavite particularly in Dasmarinas

City, identified via Facebook, an online social media platform and from where they have

completed a self-administered survey sent to them using google forms. It was used so that

the proponents would be able to know the respondent’s perception and preference

regarding their proposed business.

E.2 Sampling Techniques

The researchers used a random sampling procedure and utilized nonprobability

sampling or convenience sampling in which respondents are chosen based on their
convenience and availability to gather information from the target market.

E.3 Survey Questionnaire

For the proponents to gather information and collect important data regarding the
customers’ taste and preferences, the researchers employed Survey Questionnaires
through google form and had a total of 60 respondents. In this process, we were able to
determine the demand of our proposed service.

F. Operational Definition of Terms

G. Scope and Limitation of The Study

The study and analysis of Kindled Mind study hub is limited only to

Higher Education Institutions (HEI) in Dasmarinas, comprising students under pre-

baccalaureate, baccalaureate, post-baccalaureate, masters and doctoral programs. The

main focus of the study are the students and freelance workers that will be covered as part

of the respondents. The competitors that the firm will consider are the nearby co-working

spaces and coffee shops around the vicinity of Dasmarinas, Cavite.

Chapter III

TECHNICAL FEASIBILITY

A. Description of Service

Kindled Mind aims to provide the customers an environment that combines the

best elements of a conducive studying/working space such as tranquility, positive

ambience, quality space with proper ventilation and lighting with a bonus of free-flowing
 coffee. The proponents aim to offer a better alternative for students and independent

professionals who usually resort to congested coffee shops and crowded uncomfortable

places just to get the work done.

Kindled Mind aims to offer a premium environment designed to accommodate the

students or freelancers who are in need of a space to create, collaborate and share ideas.

The proponents aim to offer these services 24/7 and strategically located in Dasmarinas,

Cavite.

B. Materials and Supplies Requirements

Materials/Supplies Sample Specifications Estimated Cost

Ream of bondpaper -Ultra white Copier Php 540.00

(short/long/a4) Paper

- Advance Ink-Lock
 System

- 99.99% Jam Free

- 70gsm/sub 20

-Php 180 each

Box of Ballpen Box of 12 pcs. Php 198.00

(blue/red/black)

Box of Highlighter Pens Box of 10 pcs. Php 350.00

Colors: Green, Blue,

Yellow, Orange, Pink

Stapler

Calculator

Box of Staples

Thermal Paper

Logbook

C. Labor Requirements
 Manpower is considered to be the lifeblood of any business organization.
Kindled Mind will operate on a 24-hour basis.

D. Site Layout

E.Furniture And Equipments Requirement

Furniture/ Equipment Sample Specifications Quantity Price

Couch/Sofa

Table

Desk Chair

Reception Desk
Desktop PC set Intel® Pentium® 3 Php 42,000

Processor G5400

(4M Cache, 3.70

GHz)

4GB DDR4

2400/2666 MHz

Memory

240GB 2.5" SATA

Solid State Drive

H310M 8th Gen

LGA1151

Motherboard

Integrated HD

Graphics

Micro ATX Casing w/

700w PSU

Keyboard and Mouse

USB

AVR 500w

Portable USB Speaker

 18.5" LED

Widescreen

Monitor

Locker Storage

Printer/Photocopier/Sca

nner

CCTV

LCD Projector 2600 Lumens 2 Php 46,000

XGA (1024 x 768)

500:1 Contrast Ratio

Worldwide

Compatibility 1W

Speaker Output

6000 Hours Lamp

Life In EcoMode

PC Monitor Output

Wireless Fidelity RT-AC66U Dual- 1 Php 10,000

Band Wireless AC

1750 Gigabit

Router 5th-

Generation

802.11ac Chipset

Dual-Band

2.4GHz / 5.0GHz

Frequencies RJ-

45 Ethernet

Speeds Up to 1.75

Gbps Four

10/100/1000

BaseT Ethernet

Ports Three

Adjustable

Antennas for More

Range File,

Printer & 3G

Sharing via USB

Ports With ASUS

AiCloud, AiRadar,

& ASUSWRT

Perfect for
 Streaming HD

Media & Games

Air Conditioner Unit ● 2.0 HP Split Type 2 Php 60,000

Basic Inverter

Airconditioner

● Digital Inverter

Technology

● Digital 8-Pole

Inverter (Fast

Cooling, Energy

Saving, Less

Noise &

Vibration)

F. Utilities Requirement

I.1.Electricity

It is one of the primary utility requirements of a co-working space business.

Kindled Mind will greatly need this for the efficient and effective carrying out of
 business operations. This will also set the atmosphere of the restaurant for its proper

lighting and ambience. The store electricity will be provided by the Pala-Pala Square

management for it is included at their monthly rental payment of the hub.

I.2. Water Supply

As Kindle Mind carry out its operations, it needs a good water supply to maintain

hygiene and cleanliness of the comfort room. Water Supply payment will also be

provided by the Pala-Pala Square Management included in the monthly rental fee.

I.3. Telecommunications

Telecommunications is a form of communication that is said to be indispensable

throughout the operations of Kindle Mind. This will enable the customers to get their

work done through the use of internet. This will also help our business in terms of

receiving customer feedback, suggestions, recommendation and other customer concerns

that could benefit our business.

G. Waste Disposal Method

To ensure the satisfaction of our customers, Kindled Mind will also ensure the

maintenance of cleanliness in the business premises. Our study hub will strictly comply

with the set of standards in cleanliness specifically with the proper disposal of waste.

Kindled Mind will provide trash bins in the pantry area with cover and proper labels for

segregation. There will be small trash bins in the reception area as well as in the

conference rooms. The accumulated garbage per day will be collected by the utility man
 of Pala-Pala Square Management. This kind of system will be continually observed in our

day to day operation.

H. Conclusion of Technical Feasibility

 CHAPTER IV

MARKET FEASIBILITY

A. Market Feasibility Objectives

a. to analyze the market demand and supply of the business,

b. to identify the target customer of the business through market segmentation,

c. to determine the marketing strategies to be applied in the business,

d. to analyze the complexities of the co-working space business,

B. Methodology of Data Gathering

The proponents used different techniques in gathering information to support the

study.

B.1 Survey

The proponents conducted a survey among 70 respondents to get their opinion

regarding study hub/ co-working space business. The population used in the study

consists of students and freelancers around the area of Cavite particularly in Dasmarinas

City, identified via Facebook, an online social media platform and from where they have

completed a self-administered survey sent to them using google forms. It was used so that

the proponents would be able to know the respondent’s perception and preference

regarding their proposed business.

B.2 Slovin’s Formula

The group used the Sloven’s Formula to determine the needed number of

respondents.
Formula: n = N / 1+Ne2

Where:

N = the number of people who qualify in the area of study

e = margin of error which is 12%

n = number of needed respondents

Solution:

n = 25,363 / 1+ (25,363 x .12^2) = 69.40

B.3 Sampling Techniques

The researchers used a random sampling procedure and utilized nonprobability

sampling or convenience sampling in which respondents are chosen based on their

convenience and availability to gather information from the target market.

B.4 Survey Questionnaire

For the proponents to gather information and collect important data regarding the

customers’ taste and preferences, the researchers employed Survey Questionnaires

through google form and had a total of 60 respondents. In this process, we were able to

determine the demand of our proposed service.

C. Demand-Supply Analysis

It is essential for us to understand the demand of our service in order to

satisfy our prospective customers. Knowing the demand will help us to determine the

trend of the market.

C.1 Projected Demand

The annual projected demand for the years 2021-2025 is computed by getting

the target population of higher education institutions in the area of Dasmarinas, Cavite

multiplied by market acceptability which is obtained by getting the percentage of

respondents who are willing to avail the service with 84.40% and multiplied to the

frequency of agreement or the times the customers avail the products annually. It

increases annually based on the annual growth of the student population of Dasmarinas

City by 3.37% .

Year Marketability Target Frequency of Annual

Acceptance Population Agreement Demand

2021 84.40% 25,563 79 1,704,439

2022 84.40% 26,424 79 1,761,847

2023 84.40% 28,235 79 1,882,597

2024 84.40% 29,187 79 1,946,072

2025 84.40% 30,170 79 2,011,615

 C.2 Projected Supply Analysis

The projected supply will help to determine the total satisfied market or

the total number of customers who will avail the service for five years. It was

obtained by percentage of purchases to the target population with 3.37% growth

rate to the frequency of agreement.

e. demand and supply analysis

I. Demand and supply growth rate

III. Target market share for the product

f. Projected sales

a. Projected sales for product

g. formulation of marketing strategies

I. Area analysis

II. Competitor Analysis

III customer analysis

Iv. The marketing plan

V. SWOT analysis

VI Marketing strategies and programs

VII. Porter’s five forces

VIII Conclusion on market analysis

 CHAPTER IV

MANAGEMENT AND ORGANIZATION FEASIBILITY

a. Management and Organization Feasibility

1. To define the mission and vision of our business.

2. To be able to hire a qualified and right personnel.

3. To ensure timely completion of the project.

4. To ensure the quality of service.

5. To ensure the accessibility of our location especially to our target market.

6. To make sure that the project will be able to cater the needs and demands of our

consumer.

7. To ensure the satisfaction of our customers.

b. Form of Business Ownership and Capitalization

The form of organization Kindle Mind Study Hub chose is a General

Partnership. In General Partnership, two or more entities will form the business. All

entities are to share or contribute money, property or industry according to the

agreement and share profit and loss. In this form of organization, all partners have the

right to take part in the management of the business but also have the responsibility to

all the company's liability.

 ARTICLES OF PARTNERSHIP

of

Kindled Mind Study Hub

That we, the undersigned, all of legal age and residents of the Republic of thePhilippines have
agreed to amend a limited partnership under the terms and conditions herein set forth and
subject to the provisions of existing laws of the Republic of thePhilippines.

AND WE HEREBY CERTIFY:

ARTICLE I. That the name of the partnership shall be: Kindled Mind Study Hub

ARTICLE II. That the principal office of the Partnership shall be located at

ARTICLE III. That the names, citizenship, residence and designation of the partners of said
partnership are as follows:

Name Citizenship Residence Designation

Rima, Murielle Nadeene A. Filipino Brg. Biluso, Silang Cavite General Partner

Yncierto, Hannah Lynne R. Filipino Brg. San Vicente II, Silang General Partner
Cavite

ARTICLE IV. That the term for which said partnership is to exist is 20 years from the original
recording of said partnership by the Securities and Exchange Commission.

ARTICLE V. That the purpose for which said partnership is formed are as follows:

1. To offer facilities that enhance productivity and allows creativity to

proliferate.
2. To provide a good ambience ideal for conducive learning and getting the
work done.
3. To offer an affordable space that allows people to innovate ideas through
collaboration and meetings.

ARTICLE VI. That the capital of the partnership shall be ( capital ), Philippine Currency
contributed in cash by the partners as follows:

Name Amount Contributed

Rima, Murielle Nadeene A.

 Yncierto, Hannah Lynne R.

ARTICLE VII. That the profits and losses shall be divided equally among the partners.

ARTICLE VIII. That should there be any additional contribution made by a limited partner,
such must be agreed upon by all the partners in writing and duly recorded at least two (2)
days after signing of the same agreement. Such contribution shall amendArticle VI of the
Articles of Partnership and in no case shall such amendment be done less than one (1) year
after the original recording of said partnership by the Securitiesand Exchange Commission.

ARTICLE IX. That the contribution of each limited partner may be returned to him/ her three
(3) years after the original recording of said partnership by the Securitiesand Exchange
Commission.

ARTICLE X. That the limited partner may be given the right to substitute an assignee as
contributor in his place, provided that he has duly notified his partners in writing, stating the
reasons therefor, five (5) days before effectivity of said substitution.Provided further that
such limited partner has already settled his obligation to the partnership prior to the
substitution.

ARTICLE XI. That a partner may admit an additional limited partner, provided that the other
partners have been duly notified in writing five (5) days before effectivity of admission and
duly concurred by all the partners in writing.

ARTICLE XII. That the remaining general partner or partners shall have the right to continue
the business in cases of death, retirement, civil interdiction, insanity or insolvency of a
general partner.

ARTICLE XIII. That the firm shall be under the management of Norhanna P.Paporo, as General
Manager and as such she shall be in charge of the management of the affairs of the
partnership.

ARTICLE XIV. That the partners willingly undertake to change the name of the partnership
immediately upon receipt of notice/ directive from the Securities andExchange Commission
that another partnership, corporation, or person has been declared misleading, deceptive,
confusingly similar to a registered name or contrary to public morals, good customs or public
policy.

IN WITNESS WHEREOF. We have hereunto set our hands this 27th day of May 2020, at Silang
Cavite, Philippines.

Rima, Murille Nadeene A Yncierto, Hannah Lynne R.

 Tin Tin

ACKNOWLEDGEMENT

Republic of the Philippines }

Province of Silang Cavite } S.S.

BEFORE ME, a Notary Public, for and in Silang Cavite, Philippines this 27th day of May 2020

, personally came and personally appeared the following persons with their Community Tax
Certificates as follows:

Name CTC # Date Place Issued

Rima, Murille Nadeene A. Silang Cavite, Philippines

Ynciert, Hannah Lynne R. Silang Cavite, Philippines

Known to me to be the same persons who executed the FOREGOING ARTICLES OF

PARTNERSHIP and they acknowledged to me that the same is their voluntary act and deed.

WITNESS MY HAND AND SEAL on the date first above written.

Name of legal Counsel

Notary Public

Valid until December 31, 2020

PTR No
 IBP No

Role of Attorney No.

TIN

Silang Cavite, Philippines

Doc. No.:

Page No.:

Book No.:

Series of 2020

c. Organization Structure

Rima, Murielle Nadeene &

Yncierto, Hannah Lynne
Partners/Owners

Manager

Receptionist Cashier Maintenance P

Receptionist Cashier Maintenance P

Receptionist Cashier Maintenance P

The Figure shows the organizational structure of Kindled Mind Study Hub

from top to the lower position. The business is classified as a general partnership, where

both general partners have the right to manage the business.

 The manager will be the one to overlook the business on site to reach each

goal and serve its purpose which will be supported by the receptionist, cashiers and

maintenance personnels.

d. Vision and Mission Statement

Our Vision

To help growing a future ready youth by providing students and young

professionals a place where they can grow and make their way to their goal.

Our Mission

To give additional help to students and professionals by:

1. Providing a good and comfortable place for them to study and accomplish their

task

2. Ensuring the quality of service we offered

3. Offering all the necessity and facilities they will be needing

e. Manpower Requirement

The proposed business will be required three major job opportunities, a

manager, a receptionist,a cashier and maintenance personnel. The owners will be the

one to be in charge in handling the finances of the business.

1. Manager - responsible for overseeing and leading the work of a group of people

in many instances.

The responsibilities and duties of a manager are:

● Plan staffing level

 ● Provide oversight and direction to the employees in the operating unit in

accordance with the organization's policies and procedures.

● Coach, mentor, and develop staff, including overseeing new employee

onboarding and providing career development planning and

opportunities.

● Provide effective performance feedback through employee recognition,

rewards, and disciplinary action, with the assistance of Human Resources,

when necessary.

● Maintain employee work schedules including assignments, job rotation,

training, vacations and paid time off, telecommuting, cover for

absenteeism, and overtime scheduling.

● Establish and maintain relevant controls and feedback systems to

monitor the operation of the department.

● Prepares periodic reports for management, as necessary or requested, to

track strategic goal accomplishment.

The qualifications of a manager are:

● Must be a graduate of any 4 years business course.

● Must have knowledge and experience in business supervision and

management.

● Outstanding interpersonal relationship building and employee coaching

and development skills.

 ● Excellent computer skills in a Microsoft Windows environment. Must

include knowledge of Excel and skills in Access.

● Evidence of the ability to practice a high level of confidentiality.

● Excellent organizational management skills.

● Specialized training in managing human resources, preferred.

● Perform other duties and responsibilities, as assigned.

2. Receptionist - they will be the one to be responsible in welcoming and

interacting with the customers. Receptionist will manage our front desk on a

daily basis and to perform a variety of administrative and clerical tasks.

The responsibility and duties of a receptionist are:

● Greet and welcome customers

● Answer calls

● Ensure reception area is tidy and presentable

● Provide basic and accurate information about the services we offer

● Receiving and sorting of mails

● The qualifications of receptionist will be:

● Must be at least a high school graduate

● Must have basic computer skills, knowledge, and appropriate software

proficiency.

● Must possess multi-task handling ability, and knowledge of administrative

procedures and clerical actions.

● Must be skillful in Microsoft office, telephone and personal communication and

listening skills.

● Cashier - is responsible to receive and disburse money in our business.

The responsibilities and duties of a cashier are:

● Operating scanners, scales, cash registers, and other electronics.

● Balancing the cash register and generating reports for sales

● Accepting payments

● Maintain clean work place

● The qualifications of a cashier are:

● High School Diploma or equivalent.

● Customer service or Cashier experience.

● Ability to handle transactions accurately and responsibly.

● High level of customer service skills.

● Basic math and computer skills.

● Helpful, courteous approach to resolving complaints.

3. Maintenance Personnel - they are the one that cleans and provides upkeep for

spaces and buildings, performs basic repairs, maintains cleaning supplies,

operates cleaning equipment, and works for corporate and government clients.

The responsibility and duties of a janitor are:

● Clean building floors by sweeping, mopping, scrubbing, or vacuuming them.

● Emptying the garbage bins

● Service, clean, and supply restrooms.

 ● Requisition supplies and equipment needed for cleaning and maintenance

duties.

● Clean and polish furniture and fixtures.

● Make adjustments and minor repairs to systems.

The qualifications of a janitor are

● Can efficiently manage time.

● Can do lifting jobs.

● Have the ability to handle basic repairs.

● Must be a high school graduate.

f. Compensation Plan

It is the responsibility of the company to compensate its workers at a level

sufficient to encourage them and inspire them to work more effectively and efficiently

and establish excellent performance in achieving their goals.

The salary payment policy of the Kindled Mind Study Hub will be the usual

cut-off during 15th and 30th of every month. The employees were to claim their salary

in the cashier.

WORK PAY

The salary would be according to the minimum wage of Dasmariñas Cavite

which is Php. 373.00.

FRINGE BENEFITS

The employees are entitled to 13th month pay and bonuses 1 year after the

business is established.
 Philheath - is a government program that provides hospitalization and medical

assistance to the employee.

Social Security Service (SSS) Benefits - insurance program mandated by the

government to all income earners or workers in the Philippines.

Pag - IBIG

OVERTIME PAY

Employees will receive compensation for work in excess of their regular

work hours (8 hrs).

EMPLOYEE OF THE MONTH

The manager was to choose 3 employees as employees of the month based

on the excellency of their performance. It will be measured by their punctuality on their

work hours, the efficiency of how they do their task, and by how they respect both

customers and co- workers. The chosen employees were to receive additional 1000 to

their salary as an incentive.

Salary Breakdown: Basic Pay

Position No. of Daily Annual 13th SSS Philhealth Net of

Emplo Rate Rate month Monthly Monthly annual
yee pay Deduction Deduction pay

Manager 1 400 125,200 10,433 378.73 143.46 129,366

.72

Receptionist 3 373 116,749 9,729 324.85 133.77 120.974

.56

Cashier 3 373 116,749 9,729 324.85 133.77 120.974

.56
 Maintenanc 3 373 116,749 9,729 324.85 133.77 120.974
e Personnel .56

Annual Rate

The annual rate was computed by deducting the 52 sundays in a year from

the 365 total days in a year since the study hub will always be closed during

sunday, doing so the researcher was able to find out that they have 313

operating days.

313 Operating Days x Php 400 Daily Rate = 125,200 Annual Salary for Manager

313 Operating Days x Php 373 Daily Rate = 116,749 Annual Salary for the other

workforce.

Annual SSS Contribution

g. Organization Policies

Policies are vital part of every organization because it provides a baseline and

stand as a foundation for internal control that lets the employees to know and

understand their responsibilities and limitations.

UNIFORM

1. Employees must make sure to always be presentable and present themselves

neatly

2. All employees must always wear the company uniforms according to the rules.

They are to wear the designated uniform by the management from Monday -
 Friday and they are allowed to wear anything they desire during Saturday as long

as it is professionally presentable.

RULES OF CONDUCT

1. Employees are not allowed to leave their job without permission during work

hours.

2. Employees must respect all their co-workers and their rights. Any proven

attempt of harming their co-workers in any way that will endanger them shall be

subject to disciplinary action.

3. Employees are expected to obey rules and follow instructions given to them

WORKING HOURS

1. Kindled Mind Study Hub will be open for 24hrs

2. Each employees are required to have an 8hrs duty with 3 shifts (6 am - 2pm, 2pm

- 10 pm and 10pm - 6am)

3. Sick leave - is a paid absence of duty. To help our employee on the expense they

have during the days they can't come to work we will be offering a 5 days sick

leave payment.

4. Paternity Leave - We offer paternity leave in accordance with the law. According

to RA 8187, all male employees are entitled to 7 days of paternity leave with the

first 4 days being paid. Furthermore their spouses can transfer 7 days of their

105 days maternity leave to their husband.

5. Maternity leave - We offer 105 days of maternity leave in accordance with the

law.
 6. We will also offer payment on other leave in accordance with the law.

WORKPLACE POLICIES

1. The management must ensure the confidentiality of data and information of

their employees.

2. Given that employees might be given or acquired confidential information about

the business, employees shall hold all information about the company in strict

confidence that they will not disclose it in any manner.

3. Drug-free workplace - because of the negative result of the use of drugs and the

nature of the service offered, the company will strictly require all employees to

undergo a drug test.

SERVICE PRICING

The price varies depending on the time the customers will spend on the

study hub, the basic price per hour is 50 pesos but discount will be available upon

availing a longer time. Every time extension charges according to how long it is. Below

are the list pricing we implement:

Timespan Price

1 Hour 50

4 Hours 120

8 Hours 180

12 Hours 250

24 Hours 350
 Another service offered is the use of a conference room which will require

an additional payment of Php. 150.00 and also the use of a computer that requires an

additional Php. 50.00. Kindled Mind Study Hub also offer a printing photocopy service

that costs, 50cents for xerox and Php 1 for B&W printing ( price will vary for colored

printing)

SECURITY POLICIES

Ensuring the safety of both the customers and employees is one of the priority of

the company. The security policies of the company are placed not just to ensure the

physical safety of the customers and employees but also to protect their intellectual and

property as well.

h. Regulatory Requirements

After deciding all the necessary details about the business it is important to

comply with the requirements given by the government for it to legally operate. Below

are the list of requirements that the partners should comply with.

1. Security and Exchange Commission (SEC)

The Securities and Exchange Commission is the agency of the Government

of the Philippines responsible for regulating the securities industry in the

Philippines. SEC Registration is one of the requirements in order to obtain a

license from the city or municipal government. The basic requirements needed

on SEC Registration are:

 ● Cover Sheet

● Reservation Payment Confirmation

● Name Verification Slip

● Articles of Partnership (AP)

● Joint Undertaking to Change Name

2. Department of Trade and Industry (DTI)

The DTI is a government agency where you can register the name of your

business in order to make sure that no other business or organization will have

the same name as you. In order to register a business name to DTI the following

requirements will be needed.

● Applicants must be at least 18 years old.

● Valid ID (SSS, GSIS, Passport, Voter’s ID, or any government-issued ID)

● Application Form

● Documentary Stamp worth PhP 15

● A set of three business names

3. Bureau of Internal Revenue (BIR)

For taxation purposes, every business must be registered to BIR. Any business

must secure a number and must register to the RDO that has jurisdiction over

the place of the business.

● Application for Taxpayer Identification Number (TIN)

● Application for Registration Update

4. Municipal Permit or License

 Another important permit we should get before we officially open our

business in the Mayor's Business Permit from the LGUs. Below are the

requirements needed in order to accomplish it:

Philippines Business Registration

● Barangay Clearance.

● DTI Business Name Certificate (Single Proprietor)

● Certificate of SEC Registration / Articles of Incorporation (for Corporation)

/ Articles of Partnership (for Partnership)

● Public Liability Insurance (for Restaurants, Cinemas, Malls, etc.)

● Authorization Letter of owner with ID

● Lease Contract/ Tax Declaration

● SSS Certification/Clearance

● Community Tax Certificate - CEDULA

Business permits are renewed every year. Renewal period is usually in the first

month of the calendar year. Penalties are imposed on businesses that fail to

renew their business permits on or before the prescribed period.

5. Other registration requirements are SSS, PHILHEATH and Pag-IBIG

i. Conclusion of Management and Organization Feasibility

At the beginning of this paper we showed the criteria of data to be feasible

in the Marketing Aspect. The research shows the whole organization arrangements of

the business. From its objective, the mission-vision, the type of business structure and

the persons required in operation of business to the policies to be implemented and all
the requirements needed to be able to operate legally. In order to obtain all these, the

management must be able to plan all the activities of the proposed business for us to

accomplish our goals and be able to compete with the same businesses.

CHAPTER VI

FINANCIAL FEASIBILITY

1. Financial Statement Objectives

2. Total Projected Cost
3. Sources of Financing
4. Financial Statements
1. Financial Statement Assumptions
5. Financial Ratios
1. Liquidity Ratio
2. Profitability Ratio
3. Activity Ratio
4. Discounted Payable (iRR)
5. Net Present Value
6. Conclusion on Financial Feasibility
 CHAPTER VII

SOCIO-ECONOMIC IMPACT

1. Socio-economic objectives
2. Contribution to the economy
3. Employment generation
4. Social desirability
5. Conclusion of social economic impact
 CHAPTER VIII

BIBLIOGRAPHY

CV of researcher
 CHAPTER VIII

APPENDICES

. Introduction
1. Company Logo and Motto (tagline)
B. Technical Feasibility
1. Product/Service offerings with prices
2. Inventory price listings
3. Floor plan
C. Market Feasibility
1. Computation of market size
2. Computation of sample size
3. Supporting document for market/growth rate
4. Computation of average frequency
5. Computation of supply
6. Images of head office/plant or site
7. Survey questionnaire
8. Survey tally sheet
D. Management and Organization Feasibility
1. Organizational Chart
2. Process Flow Chart
E. Financial Feasibility
1. Projected 5 year income statement
2. Projected 5 year cash flow statement
3. Projected 5 year balance sheet
4. Projected 5 year capital statement
5. Notes to financial statement
6. Schedules
a. Computation of initial project cost
b. Depreciation schedule