Age 16-25 years old 26-35 years old 36-45 years old 46 years old and above Sex Male Female Length of Service 1 - 2 years 3 – 4 years 5 years and above
Part II. Causes of Business Loss and Its Impacts to Meat Vendors Instruction: Put a check (√ ) on your designated answer. 5 – Strongly Agree 4 – Agree 3 – Uncertain 2 – Disagree 1 – Strongly Disagree
What are the causes of business loss prior to
the meat vendors? 5 4 3 2 1 1. Natural calamities, disasters, phenomenon etc. 2. Misunderstanding of laws implemented by the government 3. Wrong management/ financing of sales
4. Failure to price your product or service
correctly 5. Failure to react with the competition in the market
What are the impacts of business loss to the
meat vendors? 5 4 3 2 1 1. May lead the business bankruptcy
2. Changes in the nature of business (product,
place, etc.) 3. Owners become more hands on to the business 4. May cause financial problem to the owner’s/ employee’s family 5. Business’ reputation may suffer How can an entrepreneur prevent business loss? 5 4 3 2 1 1. Create innovations by using latest equipment on preserving meats.
2. Have a good financial manager
3. Be strict on the input and output process
happening in the business (such as the inflows/outflows of cash, increase/decrease of inventory, differences in the loss and profits) 4. Implement effective strategies that is a key for a business to grow
5. Create a management that is organized,
responsible and skilled enough in managing businesses about meats