Vision

To be recognized as one of the established service business for trusted

household repairs and maintenance in National Capital Region (NCR) within 5
years.

Mission
Mr. Fix Corporation aims to provide a convenient and quality service of
house repairs and maintenance and a stress-free service for attribute works.

Business Objectives
Mr. Fix Corporation's objectives for the first three years of operation are as
follows:
 To established a dominating service business in NCR.
 To be recognized as one of the trusted household service repair and
maintenance.
 To earn good financial returns for its owner.
 To give a quality service to its future customers/clients
 To increase the number of clients we serve by 20% per year by providing
superior service.
 To generate consistent revenue per year by the end of year three

Target Market

Figure 1: Satellite map of Batasan Hills

(Source: Google Map Images)

Residents and rental properties in Batasan Hills, Quezon City, will be Mr. Fix
Corporation's target market. The company's goal is to provide a high-quality service
to households who are dealing with home repair and maintenance issues.
 Mr. Fix Corporation's key markets are homeowners and property managers.
Those homeowners who lack the necessary skills, time, or desire to repair and
maintain typical household issues. They would rather call someone and have them
handle it.

 Property managers are likely to be consumers because they manage a

number of rental properties that require maintenance on a regular basis. Property
managers with less than 20 units rarely have on-site maintenance personnel. It is less
expensive to hire someone as needed. It's uncommon for a property manager to
have any maintenance abilities, and those who do usually don't have time during the
day to perform the repairs.

Operational Plan

Purchasing

The diagram below shows the step-by-step process in purchasing supplies

and equipment that will be needed in the service of Mr. Fix Corporation.

1. Needs for Goods Identified

At this stage, Mr. Fix Company should identify and list all of the necessary
equipment, tools, and supplies for the service.

2. Purchase Requisition to Purchase Order

The purchase requisition contains complete information about the items to be
acquired. The individual, team, or department requesting the goods or services will
submit a purchase requisition to the purchasing department or purchasing manager.
Purchase requisitions that are rejected are returned to the issuing party for review
and, if necessary, correction or clarification, whereas approved purchase requisitions
can be transferred to purchase orders.
3. Purchase Order Review and Approval
Purchase orders that have been approved are sent to accounting to ensure that
funds are available in the appropriate budget to cover the requested goods.

4. Requests for Proposal

Purchase orders that have been budgeted for are returned to the purchasing
department and, as needed, used to create requests for proposals. These are
distributed to vendors in order to solicit offers for the fulfillment of a purchase order
for goods or services.

Potential suppliers submit bids, which are carefully evaluated based on their past
performance, compliance records, and key criteria such as average lead times,
reputation, and pricing.
5. Contract Negotiation and Approval
The winning bidder is then given a contract, before being signed, to guarantee
optimal terms and conditions and a mutually satisfying arrangement for both sides.
The purchase order is a legally binding agreement between Mr. Fix Corporation and
the seller once the contract is signed.

6. Shipping and Receiving

The goods are delivered within the agreed-upon time range by the supplier. Once
they've arrived, Mr. Fix Corporation thoroughly inspects the goods and services to
guarantee they've received exactly what was promised, and tells the vendor if there
are any problems.

7. Three-Way Matching
The comparison of shipping documents/packing slips with the original purchase
order and the supplier's invoice must be adhered to. This comparison is performed
to confirm that all transaction-related information is correct.

8. Invoice Approval and Payment

Payment is approved for orders that have been successfully matched. Any changes
or additional costs may necessitate a second round of approvals before payment is
made. Payment is made to the seller once it has been approved. Such payments
should preferably be made in order to take advantage of early payment discounts
and other incentives while avoiding late payment fees.

9. Accounting Records Update

Completed orders are recorded into the company's books, and all documents
pertaining to the transaction are kept in a secure area.
Financial Controls

To ensure the accuracy of reporting and the eradication of fraud, the

following controls on Mr. Fix Corporation's financial resources must be applied.

 Knowledgeable accounting and finance personnel are in place to guarantee that

applicable accounting standards are evaluated and implemented throughout the
firm so that financial data is appropriately reported.
 A clear segregation of duties exists between the following functions: sales, order
placement, receiving, invoicing,accounts payable, and account reconciliation.
 Seek to ensure that any funds allocated for the organization are received,
immediately deposited, accurately recorded, reconciled, and stored in a secure
environment.
 Require credit check on customers prior to credit issuance.
 Consider hiring an outside accountant/bookkeeper to assist with and review
financial statement.
 Before any overtime is worked, it must be approved by management.
 All new vendors and changes made to vendor information require manager
approval.
 All manual check disbursements require the signature of the chief operating
officer.
 Ensure that payroll disbursements are made only after receiving valid approval
from bona fide employees, that payroll disbursements are properly recorded,
and that all related legal requirements (such as payroll tax deposits) are met.
 Ensure that supplies are only received and/or sent with proper authorization
and documentation, that they are properly recorded, and adequately
safeguarded.
 The owner or estimator should authorize all vendor invoices together with the
purchase order.
 Implement secure measures for the handling of cash and checks.

Action Plan
Business Establishment
Mr. Fix Corporation's business establishment clearly shows how the
establishment will be built. This is where Mr. Fix Corporation’s office will be placed,
as well as where all of the service supplies will be kept.
The following are the action plans that must be considered when
constructing Mr. Fix Corporation's establishment.
 Mr. Fix Corporation must examine the business's location; it must be accessible,
in a densely populated area, and provide adequate amenities such as parking,
refreshments, and transportation.
 Mr Fix Corporation needs to find a location where workers is readily accessible
and materials for the operation can be obtained quickly. Look for a location that
can help you earn government refunds and incentives.
 Mr. Fix Corporation should make sure the location is within budget and has
potential for expansion.
 Mr. Fix Corporation will need to recruit building contractors who will be in
charge of designing, leading, executing, supervising, and inspecting a
construction company.

Operation
Mr. Fix Corporation's operation shows how the company starts its operation
to generate sufficient revenues to cover expenses and earn a profit for the owners of
the business.
The following are the action plans that must be implemented in order for Mr.
Fix Corporation to accomplish its aims.

 Mr. Fix Corporation must evaluate the capital and expense requirements, as well
as ensure that the necessary registrations are in place, such as DTI or SEC,
Barangay, Mayor, and BIR, before operating a business.
 Mr. Fix Corporation should identify and list all of the expenses or spending
needed to operate the company, including salaries, office supplies, utilities,
building construction, operating expenses, and so on.
 Mr. Fix Corporation will have to choose possible suppliers of the supplies needed
for the service. Consider their cost, location, reliability, and hours of operation.
 Mr. Fix Corporation should make a list of all the resources that are essential for
operations. This may include the following example: computers, equipment,
furniture, vehicle, carpentry tools, plumbing tools and electrical tools and etc.
List down not only the item but also the quantity and price.
 Mr. Fix Corporation must engage staff who are well-trained and experienced in
order to provide the service in a timely and effective manner. Must take into
account salary as well as other government rules such as DOLE, SSS,
PHILHEALTH, and Pag-ibig.
 Mr Fix Corporation will operate efficiently to minimize waste in terms of time,
effort, and materials while still providing a high-quality service.

Conclusion