CHAPTER II

2.1 BUSINESS CONCEPT

BUSINESS NAME

FOLD-IT and GO, is a furniture shop different from the others. Its name consists
of three words: “fold-it” “and” and “go” that perfectly describes the uniqueness that it
holds. The word “and” emphasizes two words which are connected to each other and
signifies dual purpose. “fold-it” gives the idea of foldable furniture and “go” entails the
idea of portability of furniture. Meaning, the FOLD-IT and GO furniture shop offers not
only high quality products but also convenience because of its two distinct features,
which are foldable and portable. Aside from the technical meaning of the name of the
said business, it is also made short and catchy for the people to remember well and
easily.

The proponents came up with this kind of business, a furniture shop, despite of
the numerous furniture shops that already exist. The reason is that, these furniture
shops are mainly after on offering furniture with good quality at a reasonable price, but
FOLD-IT and GO, is not only after on the furniture per se but also to the convenience
that the people desire.

BUSINESS TAGLINE

“We find space.”

The proponents came up with the business tagline “We find space”, considering
that this is an essential component of branding strategy. When customers look at the
business, they want to know what the business stands for and to be able to make the
brand more recognizable.

FOLD-IT and GO aims to give convenience in the lives of the people with the
furniture that they offer. The business tagline signifies taking of responsibility of the
others deliberately, such as providing innovative products that are durable and provides
comfort to the customers and can maximize space being limited or unlimited.

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 BUSINESS LOGO

(Figure 2.1 Business Logo.)

Letter “F” – indicates the word “furniture” that the business
manufactures/produces, and its business name “FOLD-IT and GO”.

Go – indicates the word “go”. Meaning, one of the purposes of the furniture that
the said business manufactures/produces, is to be easily transferred and moved from
one place to another.

Four (4) Screws – symbolizes the four (4) corners of a house/room/space,

where one of the business’ purposes is to maximize the space by using foldable
furniture. It also symbolizes that one of the materials needed in creating the foldable
furniture is metal (e.g. screws and nuts).

Supporting Details – green line (above and below), symbolizes the supporting
materials that is used in manufacturing/producing foldable furniture.

Chair – symbolizes one of the products of the business and represents

comfortability and uniqueness of the product.

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 Yellow-Brown or Gold Colored Rectangle – represents one of the products of
the business which is table.

Letter “O” – shaped as square, symbolizes that the products

manufactured/produced is made of materials that came from nature.

Plant – symbolizes that the business supports the protection of the nature.

Color Green – symbolizes the color of life, renewal, nature and energy. It shows
that the business is promoting the traditional way of making furniture.

Color Brown – symbolizes the color of the people, who are Filipinos, behind the
idea of the business.

BUSINESS CONCEPT

FOLD-IT and GO is not only offering typical furniture but also provides
furniture that gives assurance of having the experience of convenience. The business
offers furniture like chair, table, sofa and bed that can be folded, to maximize the
available space, and can be transported from one place to another. In short, FOLD-IT
and GO wants to make it possible for people to have furniture that is foldable and
portable. Considering the differences that each and every person has in terms of
preference, the proponents came up with creating a variety of designs of furniture that
will vary in color, so that people may choose whatever they prefer. Nowadays, people
tend to be more practical, so why not buy things that can be used inside and outside of
the house for the satisfaction of the desired convenience.

BUSINESS OFFERINGS

The FOLD-IT and GO will produce and manufacture its own furniture products.
Its concept is making foldable furniture like chair, table, sofa and bed that could be
transferred and moved to different places with less effort and could fit in to limited
spaces. The furniture will be sold to the public by the business itself, but won’t limit
opportunities to deal with existing known seller as part of its marketing plan.

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CHAIR

8
(Figure 2.2 Product: Chair.)
TABLE

(Figure 2.3 Product: Table.)

SOFA

9
(Figure 2.4 Product: Sofa.)
BED

10
 (Figure 2.5 Product: Bed.)

UNIQUE QUALITIES

FOLD-IT and GO will introduce furniture in the market that is foldable like chair,
table, sofa and bed to help the need in space at home. Unlike the typical furniture,
FOLD-IT and GO offers as such that can help minimize the space that specific furniture
occupies and to maximize the space available in the specific household.

These two or more folds furniture are convenient to the people who will acquire it
not just for maximization of space available but also for easy transfer in cases of outdoor
activities. It is not like the typical furniture that possesses too much weight that may
hamper the needs for easy-move and easy-bring stuffs.

BUSINESS STRUCTURE

The proposed furniture manufacturing business shall adapt the partnership type,
as a legal form of ownership, with the purpose of dividing the profits among the partners.

The said partners include the following persons:

1. Ms. Renjoice R. Padilla, Filipino citizen, 19 years old, resides at #156 A.

Bonifacio Street, Purok 2, New Cabalan, Olongapo City.
2. Mr. Harold R. Ambuyoc, Filipino citizen, 19 years old, resides at #1455
Tabacuhan, Sta. Rita, Olongapo City.
3. Ms. Kathlyn Mae C. Elison, 20 years old, resides at #62 Fontaine Street, East
Bajac-Bajac, Olongapo City.
4. Ms. Alyssa Caren G. Bueno, 20 years old, resides at Lot 16 Blk. 6, Mayumi
Street, Sta. Rita, Olongapo City.
5. Mr. Alvin M. Factura, 20 years old, resides at #47 9 th Corpuz Street, West
Tapinac, Olongapo City.
6. Ms. Karen Claire Legaspi, 19 years old, resides at #117 Acatan Street, East
Tapinac, Olongapo City.
7. Ms. Denny Lyn L. Lipata, 19 years old, resides at #45 Harris Street, East Bajac-
Bajac, Olongapo City.
8. Ms. Maria Eloisa M. Mejia, 20 years old, resides at #14-A Elicano Street, East
Bajac-Bajac, Olongapo City.

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 9. Ms. Karen Andrea M. Solayao, 20 years old, resides at #49 Gordon Street, New
Banicain, Olongapo City.
10. Ms. Anna Magdalene Sumiguin, 20 years old, resides at Blk. 20 Rimas Street,
Gordon Heights, Olongapo City.

The capital for producing furniture and for starting a furniture manufacturing
business will be Php 1,100,000.00 and this will be divided amongst the partners, Ms.
Padilla, Mr. Ambuyoc, Ms. Elison, Ms. Bueno, Mr. Factura, Ms. Legaspi, Ms. Lipata, Ms.
Mejia, Ms. Solayao and Ms. Sumiguin. Each will have a contribution of Php 110,000.00
capital and will provide this through selling of their personal property and others.

BUSINESS LOCATION

FOLD-IT and GO manufacturing business is located at #94 Gordon Avenue, New

Kalalake, Olongapo City. This area is near Mercury Drug, Gordon Avenue, Olongapo
City and Pag-Asa Public Market, Olongapo City, in front of M Lhuillier, Gordon Avenue,
Olongapo City. It is the best possible place where the customers can feel comfortable
and secure. Access to the business is much easier not only because it can easily be
found, but it is also along the way wherein public utility vehicles usually pass by.

12
(Figure 2.6 Business Location: Google Map.)

(Figure 2.7 Sketch of Business Location.)

13
(Figure 2.8 Actual Photo of the Business Location.)
BUSINESS FLOOR PLAN

14
15
(Figure 2.9 Proposed Business Floor Plan.)

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 BUSINESS OBJECTIVES

The proponents came up with the idea of establishing a manufacturing business

which will provide foldable furniture that can easily facilitate movement and transfer of
furniture.

Vision

To be the most successful manufacturer of quality furniture in Olongapo City that

produces foldable ones.

Mission

To be the most preferred furniture shop, that offers foldable ones, of every
household in Olongapo City.

Goals

To introduce a new innovative furniture in the market.

To provide furniture that is foldable for maximization of space.

To provide furniture that is portable to facilitate easy movement and transfer.

SWOT ANALYSIS

STRENGTHS WEAKNESSES
• Uniqueness of the products. • Limited capital.
• Convenient location. • Limited number of production
• Direct selling. personnel.
• Skilled production personnel. • Unestablished brand name.
• Availability of supplier of raw materials.

OPPORTUNITY THREATS
• Increasing number of target • Increasing number of minimum
market. wage earner.
• Increasing number of
competition.
• Economic factors.
(Table 2.1 SWOT Analysis.)

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 INDUSTRY REVIEW

Chamber of Furniture Industries of the Philippines stated that, in the global

market for furniture, the Philippines was named to be the Milan of Asia. The unique
design and craftsmanship of locally-manufactured furniture pieces have earned for
Philippine furniture a prime spot in the world market. The Philippine furniture industry
continues to be one of the country’s highest export sales earners.

According to a study, the Philippines ranks as one of the world's best producers
of fine furniture, from the traditional to the casual contemporary to the highly
experimental. From its unique creativity and designs, the country sets the most
demandable producer in this industry. The furniture industry manufactures affordable
products of fine craftsmanship that is the successful result of modern technology
combined with human creativity and love of beauty. From its prime position as the major
source of creatively designed wicker and rattan furniture, the industry has successfully
diversified into wood, metal, stone, bamboo, leather and mixed media furniture
collections.

The industry utilizes wood, rattan, bamboo and other materials such as buri,
metal, stone/marble and plastic, which are creatively and finely handcrafted into various
products including: leg items for chairs, tables, beds, setters case goods such as
cabinets, desks, chests of drawers, kitchen storage units, combinations for
building/home fittings, shelves and ornaments.

Olongapo City is the location of FOLD-IT and GO; there are currently 19
established names of furniture shops in this city. The furniture industry in Olongapo City
is not yet totally congested, as of now there are six furniture shops that are already
taking aggressive steps by establishing its branch. Furniture is evidently one of the
industries in Olongapo City that is in a good and stable condition.

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 2.2 MANAGERIAL FEASIBILITY

MANAGEMENT OF THE PROJECT

The business structure is a general partnership. The partners shall contribute

money or property. All rights and limitations of the partners, properties, obligations,
dissolution and agreements shall be covered by the Law on Partnership (Arts. 1767-
1867 of the Civil Code of the Philippines).

The business will be consists of a number of employees that is specifically

designed to a set of operations to accomplish a singular goal. The partners will examine
carefully to determine whether or not it will benefit the business.

HOURS OF OPERATION

The proposed business would have its regular operating hours which is from nine
o’clock in the morning (9:00 AM) to six o’clock in the evening (6:00 PM) for the total of
eight hours a day from Monday to Saturday. Then Sunday will serve as the rest day.
The eight (8) hour working rule will be strictly implemented and observed by the
business.

ORGANIZATIONAL STRUCTURE

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 (Figure 2.10 Organizational Chart.)
Proposed employees to be hired:
 Manager (1)
 Cashier/Sales Clerk (1)
 Production Personnel / Driver (1)
 Production Personnel (4)
 Security Guard (2)

Note: The security guards will be hired through an agency.

GANTT CHART

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 (Table 2.2 Gantt Chart.)

JOB MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDA SUNDAY

POSITION Y
Manager 9:00 am – 9:00 am – 9:00 am – 9:00 am – 9:00 am – 9:00 am –
6:00 pm 6:00 pm 6:00 pm 6:00 pm 6:00 pm 6:00 pm

Break Time 11:00 am – 11:00 am – 11:00 am – 11:00 am – 11:00 am – 11:00 am –

12:00 pm 12:00 pm 12:00 pm 12:00 pm 12:00 pm 12:00 pm
Cashier/ 9:00 am – 9:00 am – 9:00 am – 9:00 am – 9:00 am – 9:00 am –
Sales Clerk 6:00 pm 6:00 pm 6:00 pm 6:00 pm 6:00 pm 6:00 pm

Break Time
12:00 pm –
1:00 pm
12:00 pm –
1:00 pm
12:00 pm –
1:00 pm
12:00 pm –
1:00 pm
12:00 pm –
1:00 pm
12:00 pm –
1:00 pm
D
A
Production 9:00 am – 9:00 am – 9:00 am – 9:00 am – 9:00 am – 9:00 am –
Personnel 6:00 pm 6:00 pm 6:00 pm 6:00 pm 6:00 pm 6:00 pm
1

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 Y
12:00 pm – 12:00 pm – 12:00 pm – 12:00 pm – 12:00 pm – 12:00 pm –
1:00 pm 1:00 pm 1:00 pm 1:00 pm 1:00 pm 1:00 pm
Break Time
Production 9:00 am – 9:00 am – 9:00 am – 9:00 am – 9:00 am – 9:00 am –
Personnel 6:00 pm 6:00 pm 6:00 pm 6:00 pm 6:00 pm 6:00 pm
2
12:00 pm –
1:00 pm
12:00 pm –
1:00 pm
12:00 pm –
1:00 pm
12:00 pm –
1:00 pm
12:00 pm –
1:00 pm
12:00 pm –
1:00 pm
O
F
Break Time
Production 9:00 am – 9:00 am – 9:00 am – 9:00 am – 9:00 am – 9:00 am –
Personnel 6:00 pm 6:00 pm 6:00 pm 6:00 pm 6:00 pm 6:00 pm
3

Break Time
12:00 pm –
1:00 pm
12:00 pm –
1:00 pm
12:00 pm –
1:00 pm
12:00 pm –
1:00 pm
12:00 pm –
1:00 pm
12:00 pm –
1:00 pm F
Production 9:00 am – 9:00 am – 9:00 am – 9:00 am – 9:00 am – 9:00 am –
Personnel 6:00 pm 6:00 pm 6:00 pm 6:00 pm 6:00 pm 6:00 pm
4
12:00 pm – 12:00 pm – 12:00 pm – 12:00 pm – 12:00 pm – 12:00 pm –
1:00 pm 1:00 pm 1:00 pm 1:00 pm 1:00 pm 1:00 pm
Break Time

Production 9:00 am – 9:00 am – 9:00 am – 9:00 am – 9:00 am – 9:00 am –

Personnel 6:00 pm 6:00 pm 6:00 pm 6:00 pm 6:00 pm 6:00 pm
5 / Driver
12:00 pm – 12:00 pm – 12:00 pm – 12:00 pm – 12:00 pm – 12:00 pm –
Break Time 1:00 pm 1:00 pm 1:00 pm 1:00 pm 1:00 pm 1:00 pm
Security 6:00 pm – 6:00 pm – 6:00 pm – 6:00 pm – 6:00 pm – 6:00 pm – 6:00 pm –
Guard 1 2:00 am 2:00 am 2:00 am 2:00 am 2:00 am 2:00 am 2:00 am

Security 2:00 am – 2:00 am – 2:00 am – 2:00 am – 2:00 am – 2:00 am – 2:00 am –

Guard 2 10:00 am 10:00 am 10:00 am 10:00 am 10:00 am 10:00 am 10:00 am

WORK SCHEDULE

(Table 2.3 Time Schedule of Employees.)

COMPENSATION AND BENEFITS

Proposed Compensation

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 (Table 2.4 Compensation and Benefits Table.)

Proposed Benefits

Thirteenth (13th) Month Pay

All the employees who served in the business for at least one month are entitled
to a 13th month pay that should be received on or before December 24 of every year,
computed based on the monthly salary accumulated by the employee for one fiscal year.

Social Security System (SSS)

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 Social Security System aims to provide protection for its member from socially
recognized hazard condition, such as sickness, disability, maternity, old age, and death,
or other such contingencies not stated but resulted in loss of income or results to
financial burdens.

The employee and his/her employer are to contribute for the social security
benefits of the said employee in accordance to a given schedule by the Philippine Social
Security System. Monthly employee contribution depends on the employee’s actual
monthly salary.

PhilHealth

The National Health Insurance Program was established to provide health

insurance coverage and ensure affordable, acceptable, available and accessible health
care services for all citizens of the Philippines. It shall serve as the means for the healthy
to help pay for the care of the sick and for those who can afford medical care to
subsidize those who cannot. It shall initially consist of Programs I and II or Medicare and
be expanded progressively to constitute one universal health insurance program for the
entire population (Article III, Section 5 RA 7875 as amended).

Home Development Mutual Fund (PAG-IBIG)

Home Development Mutual Fund aims to provide its members with adequate
housing through an effective savings scheme. The Fund was created to address two of
the nation's basic concerns: (a) the generation of savings and (b) providing shelter for
Filipino workers.

The employer is required to contribute per month not less than P100.00 to the
employee's Home Development and Mutual Fund. In accordance to the periodic
remittance schedule provided by HDMF, the employer will remit this contribution, in
addition to that of the employee's, which is to be deducted from his/her payroll.

Service Incentive Leave

This shall be granted to an employee who has rendered one year of service in
the company, whether continuous or broken reckoned from the date he/she started
working. The incentive gives five (5) days of leave with pay, if not be used for a year, the
said five (5) days leave will be converted into cash and will be added to the salary of the
employee.

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Meal and Rest Period

The employer shall give his employees a not less than sixty (60) minutes time-off for
the regular meal. It shall also be the duty of every employer to provide each of his
employees a rest period of not less than twenty-four (24) consecutive hours after every
six (6) consecutive normal work days.

The following holidays will be observed:

Regular Holidays: Day Month

New Year’s Day 1 January
Maundy Thursday 24 March
Good Friday 25 March
Araw ng Kagitingan 9 April
Labor Day 1 May
Independence Day 12 June
Eid’l Fitr 6 July
National Heroes Day 29 August
Bonifacio Day 30 November
Christmas Day 25 December
Rizal Day 30 December
Special (Non-Working) Days
Chinese New Year 8 February
EDSA People Power Revolution 25 February
Black Saturday 26 March
Ninoy Aquino Day 21 August
All Saints Day 1 November
Additional Special (Non-Working) Days
2 January
31 October
24 December
26 December
31 December
(Table 2.5 List of Holidays.)

GENERAL RULES AND POLICIES

Business Operation:

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 The business must have eight (8) operating hours per day for six (6) days in a
week.
 All employees must personally log in and out their daily time records (DTR)
before entering and leaving the business premises in a central log book with the
presence of a security guard to monitor the accuracy of the records.
 All employees must strictly follow the time schedule of the business. Five (5)
minutes late will be considered as thirty (30) minutes late and that thirty (30)
minutes late will be deducted from their salary.
 All employees must be present ten (10) minutes before their time of duty.
 Absence without leave is strictly prohibited and is subject for sanction.
 Smoking, littering and eating are not allowed during the required working hours.
 The cashier/sales clerk and the manager must be the only people who have
access on the cash drawer.
 The manager and the production personnel must be the only people who have
access to the storage room.
 In the absence of the manager during break time, the cashier/sales clerk must
consult the manager to decide for critical situations and is not allowed to make
decisions by him.
 In the absence of the cashier/sales clerk during break time, only the manager
can take over to the duties and responsibilities of the cashier/sales clerk.
 In the absence of the manager or the cashier personnel, or both of them, only the
partners may take over to their duties and responsibilities.
 The cashier/sales clerk have the responsibility of taking care of the money in the
cash drawer, any loss incurred will be at his/her expense.
 The security guards have the responsibility of taking care of the keys of the
business, except for the keys for the cash drawer.
 At the end of every month, the Production Personnel 1/Leader shall report to the
manager about the overall status in the production.
 Maintain cleanliness and orderliness, safety and security at all times in the
workplace.
 Bullying, harassment, intimidation and threatening are strictly prohibited at all
times.

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  All books and records of all transactions, including cash inflow and out flow shall
be kept to show credibility and reliability in the operation.

Delivery:

 The vehicle must be used for business purposes only.

 The driver must be responsible for any damages incurred during the transfer of
the products to the customers and in cases of delay of the delivery except in
cases of fortuitous events.
 The delivery of the products to the customers will be subject for delivery charges
depending on the distance.
 The delivery charges will be imposed regardless of the quantity of the products
purchased.
 The delivery schedule is preferably on weekdays.

Delivery Charges:

 Within Olongapo City – Php 50.00

 Outside Olongapo City – additional Php 50.00 per 10 Kilometers or Php 5.00 per
kilometer.

PRODUCTION RULES AND POLICIES

 Materials, tools and equipment must be used solely for the production process of
the business.
 Each personnel must be responsible for the tools and equipment individually
assigned to them for their specific work. They must also be liable for any
damages caused by them.
 The production personnel must strictly follow the division of work and time
schedule for the production process implemented by the management.
 The production personnel must meet the standard quality of the product and the
required number of products to be produced.

RECRUITMENT AND SELECTION

27
 (Figure 2.11 Recruitment and Selection Process)

To be able to achieve the optimum business operation, there should be enough

manpower to execute the needed task. The manager is in-charge with the beginning to
ending process of recruitment and selection of applicants.

Step 1: Publish Vacancy. Through social media sites, job bulletins, job fairs and public
notices.

Step 2: Screening of Applicants. The manager will assess through the gathered
resume of applicants those who can do the job.

28
Step 3: Examination. The applicants who have passed the screening will do the
examination to test its capability and capacity in handling the position he/she applied for.

Step 4: Interview. Interview will take place if the applicant passes the examination test.
This is to see how the applicant interacts with other people and to see its behavioral
pattern.

Step 5: Evaluation. The process of choosing who among the applicants who have
reached the interview stage will be fit to work in the business.

Step 6: Finalize Recruitment. The chosen applicant must be informed about the rules
and regulations. The manager shall discuss everything about the system of the company
that will be of concern of the applicant including the benefits and salary. The applicant
shall observe full compliance with the needed requirements to be entitled for the
position. These are the following:

 SSS (Social Security System)

 PhilHealth
 PAGIBIG (HDMF)
 NBI Clearance
 Health Card

VACANCY ADVERTISEMENT

Prior to the start of operation of the business, hiring of personnel shall be made
through social media sites and job bulletins. The vacancies shall be posted in the said
mediums for it can be easily noticed by the people. Vacancies can also be posted in job
fairs and public notices for more possible network of applicants to be of choices.

JOB DESCRIPTION AND SPECIFICATION

Manager

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Job description:
 Manages the day-to-day operation of the business.
 Monitors the inventory, order and purchase supplies and materials.
 Supervises the storage of materials and the use of tools and equipment.
 Supervises the work of each personnel.
 Handles the recruitment and selection of potential employees.
 Foresees the training and development of employees.
 Implements sanctions, termination and dismissal of employees.
 Participates in developing the general rules and policies of the business.
 Possesses skills in business, financial and production management.
 Observes problems and develop relative courses of action for those problems.
 Responds to customer’s inquiries and complaints.
 Deposits sales every day in the bank after the cashier has recorded it and the
remaining cash will serve as change fund for the cashier.
 Performs bookkeeping and accounting.
 Prepares and presents necessary reports to the partners/owners of the business.
 Decides for critical situations.

Job specification:
 Male or female.
 Must be a graduate of Accountancy, Business Administration or any Business
related course.
 Must be a NC III holder in bookkeeping.
 Must have a minimum of one year (1) work experience.
 Must be computer literate.

Cashier/Sales Clerk
Job description:
 Greets customers entering the business.
 Receives cash payments.
 Issues receipts, refunds, or change due to customers.
 Counts change fund in cash drawers at the beginning of shifts to ensure that
amounts are correct and that there is adequate change.

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  Counts change fund in cash drawers at the end of shifts to monitor if the amount
in the drawers and the record is balance.
 Sorts, counts, and wraps currency and coins.
 Identifies the prices of the products and compute for the total bill of the
customers.
 Wraps products in accordance to customers’ instructions.
 Maintains clean and orderly checkout areas.
 Maintains monthly, weekly and daily record of transactions.
 Sets up advertising displays or arranges products on the display area to promote
sales. Replaces products that have defects on the display area.
 Decides and arranges special sale and clearance items on the display area.
 Stamps, marks, or tag prices on products.
 Obtains product requested by customer or receives product selected by
customer.
 Answers customer's questions concerning price, quality and use of product.
 Formulates strategies to increase sales.
 Reports to the manager about status of the business in terms of sales.

Job specification:
 Male or female.
 Must be a college level of any Business related course.
 Must have a minimum of one (1) year work experience.
 Must have good interpersonal and communication skills.

Production Personnel 1, 2, 3, and 4

Job description:
 Manufactures the product.
 Maintains the quality of the product.
 Takes care of the tools and equipment.
 Monitors the supply of the materials needed for the production process.
 Checks the quality of the materials to be used for the production process and of
the final products.
 Manufactures the required number of products to be produced.

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Job specification:
 Male.
 Must have a minimum of three (3) years’ work experience in furniture industry.
 Must have technical knowledge in using tools and equipment.
 Must have good interpersonal skills.
 Must be physically fit for work and can work under pressure.

Production Personnel 5 / Driver

Job description:
 Maintains, cleans, and checks on the vehicle’s condition, appliances, tools,
equipment and on the business premises.
 Loads, delivers, and set-ups the customers’ product orders.
 Inspect the products’ condition and details before the delivery.
 Checks and signs the receipt of the customers before giving the product.
 Issues delivery receipt to the customers after giving the product.
 Must have a valid driver’s license.
 Must always present an official receipt or an acknowledgement receipt for all
expenses incurred for the vehicle.
 Manufactures the product.
 Maintains the quality of the product.
 Takes care of the tools and equipment.
 Monitors the supply of the materials needed for the production process.
 Checks the quality of the materials to be used for the production process.
 Manufactures the required number of products to be produced.

Job specification:
 Male.
 Must be at least high school graduate.
 Must have a professional driver’s license with a restriction of 3 and clean driving
record.
 Must have a minimum of one (1) year delivery experience.
 Must have the ability to work on the flexible time schedule based on customers
and business needs.

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  Must be knowledgeable of the location of Zambales and nearby provinces,
particularly in Olongapo City.
 Must have a minimum of three (3) years’ work experience in furniture industry.
 Must have technical knowledge in using tools and equipment.
 Must have good interpersonal skills.
 Must be physically fit for work and can work under pressure.

DRESS CODE

Manager

Cashier/Sales Clerk

Production Personnel/Driver

33
 (Figure 2.12 Uniform of Employees.)

Dress Code Policy

All employees must wear prescribed uniform and ID during the required working
hours.

TERMINATION AND DISMISSAL

An employee may remain employed unless his/her service hinders the best
performance that can carry out due to any of the following:

a. Serious Misconduct;
b. Willful Disobedience;
c. Gross and habitual neglect of duty;
d. Fraud or breach of trust;
e. Commission of a crime or offense against the employer, his family or
representative;
f. Other similar causes;

Simple Negligence

Sanctions:

1st Offense – Verbal/Oral Warning

2nd Offense – Written Notice

3rd Offense – 1 Week Suspension

4th Offense – Termination

Habitual Negligence

This includes tardiness, absenteeism without valid reason, insubordination,

sleeping on duty, and other violation that falls under this category.

Sanctions:

1st Offense – Written Notice

2nd Offense – 1 Week Suspension

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 3th Offense – Termination

Sanctions on AWOL

1st AWOL – Written Notice

2nd AWOL – 1 Week Suspension

3rd AWOL – 2 Weeks Suspension

4th AWOL – Termination

Gross Negligence

This is characterize by serious misconduct which includes intentional damage to

the business, robbery or theft of the business property and negotiations, fighting with co-
worker inside the business premise and any other serious misconduct that may fall
under this category.

The section of this negligence is automatically dismissal and will be guided by

legal procedures mandated by the Labor Code of the Philippines.

BUSINESS MONITORING

 The attendance of the employees will be monitored by the use of daily time
record (DTR) and central log book.
 The production process will be monitored by the leader of the production, which
is production personnel 1, and the by the manager through the CCTV.
 The quality of the raw materials for production will be inspected by the production
personnel 1 and the manager, before placing it into the storage room.
 The quality of the products being produced will undergo a durability test with the
presence of the production personnel and the manager, before placing it into the
storage room.

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 The appliances, tools and equipment will be inspected weekly by the production
personnel 5.
 The supplies, raw materials and the products produced will be monitored by
having weekly inventory conducted by the manager.
 The sales of the business will be monitored through monthly audit conducted by
the manager.
The sales of the business will be deposited daily in the bank after the cashier has
recorded it by the manager.

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 ITEM AMOUNT
Office Supplies Expense 6,077.50
Office Equipment 70,324.00
Other Office Equipment 14,724.75
Furniture And Fixture 25,399.75
Other Furniture And Fixture 9,400.00
Tools And Equipment 66,854.00
Other Tools And Equipment 24,710.00
Raw Materials (Direct Materials) 118,865.64
Other Supplies 3,767.18
Maintenance Supplies Expense 1,650.00
Safety Supplies Expense 3,082.05
Vehicle 529,000.00
Prepaid Rent 128,000.00
Uniform Expense 6,090.00
Advertising Expense 10,750.00
Permits/Licenses 20,077.00
Revolving Fund 61,228.13
TOTAL 1100000.00

(Table 2.6 Pre-operating Expense.)

ARTICLES OF PARTNERSHIP

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 OF
FOLD-IT AND GO

KNOW ALL MEN BY THESE PRESENTS:

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

AND WE HEREBY CERTIFY:

ARTICLE I. That the name of the partnership shall be “FOLD-IT and GO”.

ARTICLE II. That the principal office of the partnership shall be at #94 Gordon Avenue,
New Kalalake, Olongapo City.

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

NAME CITIZENSHIP RESIDENCE

Harold R. Ambuyoc Filipino Olongapo City
Alyssa Caren G.Bueno Filipino Olongapo City
Kathlyn Mae C. Elison Filipino Olongapo City
Alvin M. Factura Jr. Filipino Olongapo City
Karen Claire Legaspi Filipino Olongapo City
Denny Lyn L. Lipata Filipino Olongapo City
Maria Eloisa M. Mejia Filipino Olongapo City
Renjoice R. Padilla Filipino Olongapo City
Karen Andrea M. Solayao Filipino Olongapo City
Anna Magdalene Sumiguin Filipino Olongapo City

Table 1: Names, Citizenship, and residence of the partners.

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

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

1. To conduct business related to furniture;

2. To attain competitive market.

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

Name Amount Contributed

Harold R. Ambuyoc P110,000.00
Alyssa Caren G. Bueno P110,000.00
Kathlyn Mae C. Elison P110,000.00
Alvin M. Factura Jr. P110,000.00
Karen Claire Legaspi P110,000.00
Denny Lyn l. Lipata P110,000.00
Maria Eloisa M. Mejia P110,000.00
Renjoice R. Padilla P110,000.00
Karen Andrea M. Solayao P110,000.00
Anna Magdalene Sumiguin P110,000.00
TOTAL P1,100,000.00

Table 2: Amount Contributed of Partners

That no transfer, which will reduce the ownership of Filipino citizens to less than
the required percentage of capital, shall be recorded in the proper book of the
partnership.

ARTICLE VII. That the profits and losses shall be divided pro-rata among the partners.

ARTICLE VIII. That the partners shall hire a Manager based upon the agreement of
partners who will manage the business

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ARTICLE IX. That the partners undertake to charge the name of the partnership
immediately upon receipt of notice or directive from the Securities and Exchange
Commission that another partnership, corporation of person has acquired a prior right to
the use of that the name has been declared misleading, deceptive, confusingly similar to
a registered name, or contrary public morals, good customs or public policy.

IN WITNESS WHEREOF, we have hereunto set our hands this at Olongapo City,
Zambales, Philippines.

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