Business Plan Proposal

THE SCISSOR’S EDGE: BARBERSHOP

Dave Francis P. Saño

February 25, 2022

Submitted to:

Mr. Reynaldo Dadural

CHAPTER I
EXECUTIVE SUMMARY
 A. PROJECT BACKGROUND

I. PROJECT HIGHLIGHT

NAME ADDRESS CAPITAL

Saño, Dave Francis P. Barangay 398, Padre Campa Street Sampaloc, Metro
Manila

  TABLE 1: PROJECT HIGHLIGHT

 II. PROPOSED NAME OF THE BUSINESS

The Scissor’s Edge name originated from the quality, standard, and function of a scissor which
will provide an adequate service to our customers.

III. TYPE OF BUSINESS ORGANIZATION SOLE PROPRIETORSHIP

A sole proprietorship is a business that has an owner that is responsible for making decisions,
receives all the profits, claims all losses, and does not have separate legal status from the business with lia
limited liability partnership.

IV. LOCATION OF THE BUSINESS

The Scissor’s Edge is located at Barangay 398, Padre Campa Street Sampaloc, Metro Manila
near 7 11 and Uncle Johns.

FIGURE: 1 VICINITY MAP

V. BUSINESS LOGO

FIGURE 2: BUSINESS LOGO

The logo of The Scissor’s Edge symbolizes the razor formed as a scissor like shape which
represents the main equipment used for the services of the desirable style of a man.

B. OBJECTIVES OF THE STUDY

B.1 GENERAL OBJECTIVES

    1.1 (MARKET)
To improve quality assurance and linkage with our customers.
    1.2 (TECHNICAL)
To maintain technical skills and service through our customers.
    1.3 (MANAGEMENT)
Ensuring the quality service of our staff through our customer’s desirable hairstyles and
assistance.
    1.4 (FINANCIAL)

Maintaining innovative measures through our customers with affordable prices of our service as
we meet their standards and expectation.
    1.5 (SOCIO ECONOMIC)
The continuity of high-end standards and development of quality service by staying ahead with
the innovative industrial trends and contribution to socio-economic growth.

2. FUNCTIONAL OBJECTIVES
   2.1. MARKET STUDY
2.1.1. Analyzing the products to offer, affordability of the prices, competitor standards, and
marketing strategies.
2.1.2. Evaluating products to offer, affordability of the prices, competitor standards, and
marketing strategies.
2.1.3 Analyzing and understanding the quality standard and service that the customers desire.
 2.1.4 Understanding customers choice in terms of preferences and strategic information through
purchasing patterns.
2.1.5 Evaluating the potential of the product and service quality to the customers that would result
in the feasibility of marketing the shop and economic demand.

    2.2. TECHNICAL STUDY

2.2.1. Providing high-end practice and trained staff for customers.
2.2.2 Providing accuracy of estimated time under the service you would give for bike haircuts and
styles.
2.2.3. To provide maintenance of equipment and materials used inside the shop.
2.2.4. Identifying and repairing mechanical issues in equipment and materials in cutting.
2.2.5. To provide and acceptance of feedback among the customer enable to improve the quality
of the skillset of the shop.

      2.3. MANAGEMENT STUDY

2.3.1. To maintain standard levels of inventory control and management.
2.3.2. To provide high-quality customer service to address any concerns customers may have.
2.3.3. To assess how well the customer service will be given.
2.3.4. To foster positive and beneficial feedback in the work environment of employees.
2.3.5. To establish the problem to be solved and correct the customer’s satisfaction.

      2.4 FINANCIAL STUDY

2.4.1. To maintain the affordability of the given service.
2.4.2. To improve the financial value of the business service in locals.
2.4.3. To develop the effectiveness and efficiency of the financial management strategies.
2.4.4. To maintain the cashflow inside the shop.
2.4.5. To increase the number of customers with the service given.

      2.5. SOCIO ECONOMIC

2.5.1. To nurture the effect of the environment and ecology on consumption and wealth.
2.5.2. To support local shops under self-employment service.
2.5.3. To give opportunities to students and unemployed citizens inside the community to give
standard living for their families.
2.5.4. To contribute to economic development.
2.5.5. To encourage citizens to create small businesses and a proper lifestyles.

       C. CONCLUSION
C.1. The market’s tangibility would consider the factors that would give a company highly
tangible quality, such as the appearance of its headquarters, its employees' attire and demeanor, its
marketing materials and its customer service department.
C.2. The connection of staff in every step of customer interaction, including the delivery or
execution of the good or service, swift and precise problem resolution, and competitive pricing. 
C.3. Learning new ability and measure will result to improve service quality is a valuable skill,
but it requires research and expertise.
C.4. Measuring and improving the service quality of the barber shop can increase your
organization's profits and reputation.
C.5. The demand for barber shops in local areas would maintenance of supporting the local shops
and promoting a proper lifestyle in citizens.
 CHAPTER II

MARKET STUDY

A. DEMAND
Refers to customers’ desire and willingness to buy a product or service. Demand is a
force that affects economic growth and market expansion.

AI. PAST DEMAND ANALYSIS

YEAR MARKET TARGET FREQUENCY ANNUAL

ACCEPTANCE POPULATION AGREEMENT DEMAND
2018 48.75% 25, 173 50.75% 6, 227.95
2019 48.75% 27, 283 50.75% 6,750.47
2020 48.75% 25, 173 50.75% 6, 222.95
2021 48.75% 23, 061 50.75% 5, 705. 43
2022 48.75% 25, 173 50.75% 6, 227.95
Table 2: Past Demand
The historical demand was calculated using the data from the registered of Sampaloc, Metro Manila

A2. PROJECTED DEMAND

YEAR MARKET TARGET FREQUENCY ANNUAL

ACCEPTANCE POPULATION AGREEMENT DEMAND
2023 48.50% 27, 289 50.75% 6, 750.47
2024 48.50% 29, 397 50.75% 7, 273.00
2025 48.50% 31, 309 50.75% 7, 795.52
2026 48.50% 33, 621 50.75% 8, 318.04
2027 48.50% 35, 733 50.75% 8, 840.56
Table 3: Projected Demand
The rate of annual population growth is used to calculate the annual increase in demand

SUPPLY
- A stock of a resource from which a place can be prouded with the necessary number of resources.

B1. PAST SUPPLY

YEAR MARKET TARGET FREQUENCY ANNUAL

ACCEPTANCE POPULATION AGREEMENT DEMAND
2018 49.50% 25, 173 50.75% 6, 323.77
2019 49.50% 27, 285 50.75% 6,834.33
2020 49.50% 25, 173 50.75% 6, 323.77
 2021 49.50% 23, 061 50.75% 5, 293.21
2022 49.50% 25, 173 50.75% 6, 323.77
Table 4: Past Supply
B2. PROJECTED SUPPLY

YEAR MARKET TARGET FREQUENCY ANNUAL

ACCEPTANCE POPULATION AGREEMENT DEMAND
2023 49.50% 27, 289 50.75% 6, 834.33
2024 49.50% 29, 397 50.75% 7, 384.89
2025 49.50% 31, 509 50.75% 7, 915.45
2026 49.50% 33, 621 50.75% 8, 446.01
2027 49.50% 35, 733 50.75% 8, 976.57
Table 5: Projected Supply
The rise in supply is also due to population growth

C. MARKET SEGMENTATION

C1. GEOGRAPHIC
LOCATION: Padre Campa St.
BARANGAY: Brgy. 398
REGION: NCR
CITY: Sampaloc, Metro Manila
DENSITY OF AREA: Urban
CLIMATE: Wet and Dry

C2. DEMOGRAPHIC

AGE MALE FEMALE TOTAL

0-11 MONTHS 281 630 911
OLD
1-10 YEARS OLD 302 280 582
11-20 YEARS OLD 1, 189 1, 469 2, 658
21-30 YEARS OLD 3, 053 2, 872 5, 925
31-40 YEARS OLD 2, 472 1, 860 4, 332
41-50 YEARS OLD 2, 030 1, 950 3, 980
51-60 YEARS OLD 2,468 1, 560 4, 028
61-70 YEARS OLD 1, 788 874 3, 980
71-80 YEARS OLD 648 433 4, 028
81-90 YEARS OLD 495 380 1, 081
91 YEARS OLD 80 171 251
TOTAL 14, 806 12, 479 27, 285
Table 6: Age Bracketing
 APPENDIX A
SURVEY QUESTIONNAIRE

Direction: Shade the following for your preference.

1. What is the most important factor when choosing a barbershop?

Price and quality
Location and Ambiance
Variety and services offered

2. Would you use to have a barbershop in your area?

Yes
No

3. Do you follow the latest trends in your hair styles?

Yes
No

4. How easy was it to find your current barbershop?

Easy
Difficult

5. Do you prefer an online appointment?

Yes
No

6. Do you prefer to pay via online banking?

Yes
No

7. What services do you expect a barber shop?

Hair cut
Beard trim/ Shave
Hair Styling/ Color

8. How do you go to the barbershop?

Walking
Ride a Tricycle
Others

9. Do you stick to one barber?

Yes
No

10. Would you like or prefer home service?

 Yes
No
APPENDIX B
TALLY OF SURVEY QUESTIONNAIRE

1. What is the most important factor when choosing a barbershop?

SCALE NO. OF RESPONDENTS TOTAL

PROCE AND QUALITY 8, 632 13, 301
LOCATION AND 4, 000
AMBIANCE
VARIETY OF SERVICE 669
OFFERED

2. Would you use to have a barbershop in your area?

SCALE NO. OF RESPONDENTS TOTAL

YES 13, 000 13, 301
NO 301

3. Do you follow the latest trends in your hair styles?

SCALE NO. OF RESPONDENTS TOTAL

YES 13, 301 13, 301
NO 0

4. How easy was it to find your current barbershop?

SCALE NO. OF RESPONDENTS TOTAL

EASY 10, 568 13, 301
DIFFICULT 2, 733

5. Do you prefer an online appointment?

SCALE NO. OF RESPONDENTS TOTAL

YES 6, 600 13, 301
NO 6, 701

6. Do you prefer to pay via online banking?

 SCALE NO. OF RESPONDENTS TOTAL
YES 6,600 13, 301
NO 6,701

7. What services do you expect a barber shop?

SCALE NO. OF RESPONDENTS TOTAL

HAIR CUT 13, 000 13, 301
BEARD TRIM 108
HAIR STYLING 193

8. What services do you expect a barber shop?

SCALE NO. OF RESPONDENTS TOTAL

WALKING 3, 990 13, 301
RIDE A TRICYCLE 3, 990
OTHERS 5, 321

9. Do you stick to one barber?

SCALE NO. OF RESPONDENTS TOTAL

YES 8, 966 13, 301
NO 4, 335

10. Would you like or prefer home service?

SCALE NO. OF RESPONDENTS TOTAL

YES 13, 000 13, 301
NO 301

D. COMPETITORS ANALYSIS
This paper implies to analyze the three largest competitors in the barbershop
industry as well as their business structure and strategies which will gauge the target
market of the customers. However, there are companies that operate within areas such as
local and international expansion with standard and quality, performance metrics.
Wherein they use social media influence, to leverage their authority, authentic content,
and personal connections to target customers and create marketing strategies.

E. DEMAND – SUPPLY GAP ANALYSIS

 YEAR ANNUAL ANNUAL SUPPLY GAP
DEMAND
2023 6, 750. 47 6, 854.33 83.86
2024 7, 273. 00 7, 384.89 777.89
2025 7, 795. 52 7, 915. 45 119.93
2026 8, 318. 04 8, 446.01 127.97
2027 8, 840.56 8, 976.57 136.57
Table 7: Demand-Supply Gap
F. MARKETING STRATEGIES

G1. PRODUCT
All products, tools, and supplies are sanitized and clean. It provides good haircuts. As a
very good barber knows, the foundation of our business is a pair of hair clippers that is affordable
with quality. Our equipment is ready to sterilize and disinfected.

G2. PLACE
The Scissor’s Edge barbershop is located at Brgy. 398 Padre Campa St. Sampaloc, Metro
Manila near 7/ 11 (Seven Eleven) convenient store and beside Uncle Johns. It is very convenient
because of the location, you can easy to locate our shop. Our shop has a good ambiance, eco-
friendly and safe place. It also has an emergency exit and fire extinguisher. Our comfort room is
always clean and fragrant. We have also CCTV for safety purposes.

G3. PRICING
The service of our barbershop can satisfy the customers. It also depends of our services
like harcuts or hair dyes. In our cheap prices we will do our best to make your haircut excellent.
And it will be highly recommended.

G4. PROMOTION
The Scissor’s Edge barbershop also offer a promotion thru flyers and social media
accounts, in facebook page. It also have a website page at www.scissorsedgebarbeshop..com.ph.
It will also offer our two-hair cut free one (person) haircut services. It can also offer a little
discount 20% off for every first ten persons.
 CHAPTER III
TECHNICAL STUDY

A. NAME OF THE BUSINESS

The Scissors Edge Barbershop is the name of the business. Barber shop originated in
Ancient Egypt when the hairdressers of the noble families started gaining popularity. Where do
get the business name? the most useful things when going to barbershop is scissors, when hear a
scissor the first thought is “to cut”. The word edge came to itself, to advance by repeated slight
movements, that’s why the business name is “The Scissors Edge Barbershop”.

B. PRODUCTS/ DESCRIPTION/
The Scissors Edge Barbershop is considered an upscale full-service barber shop; services
exclusively for men. Our services are haircut and style, hair color and scalp treatment, shaves
with traditional razor, we have also waxed services and hair laser removal.
Figure 3: Product

C. PRODUCT PRICING

MEN’S SERVICE PRICES

Shampoo, cut style and blow dry ₱ 150.00

Hair and scalp treatment ₱ 2, 500.00
Color blending ₱ 500.00
Mustache and beard trim ₱ 150.00
Hair style ₱ 250.00
Eyebrow shaping ₱ 100.00
Laser hair removal ₱ 4, 000.00

PRODUCTS PRICES

Shave ₱ 150.00
Shave cream ₱ 200.00
Oils ₱ 80.00
Shampoo ₱ 100.00
Accessories

Table 8: Product Pricing

D. PRODUCT PREPARATION GUIDE

 The Scissor’s Edge Barbershop is open 8:00am to 8:00pm every Monday,
Tuesday and Wednesday is Rest day. Will be open again on Thursday same time until
Saturday and Sunday.

Chair 1

Chair 2

Chair 3

Figure 4: Product Guide

E. BUSINESS PROCESS
The Scissor’s Edge Barbershop is open 8 A.M. – 8:00 P.M. every Monday and Tuesday. Wednesday
would be Rest day and will open again on Thursday until Saturday and Sunday will be rest day gain.

F. BUSINESS LOCATION
 Figure 5: Vicinity Map

G. FLOOR PLAN

Figure 6: Floor Plan

H. MACHINERIES AND EQUIPMENT

DESCRIPTION FUNCTION QUANTITY COST TOTAL
Hood Dryer A hood dryer has 2 ₱7, 6546.00 ₱15, 128.00
a hard plastic
dome that fits
over a person’s
head to dry their
hair.

Heat Lamp Heat lamps 3 ₱4, 650.00 ₱13,950.00

operate on the
same principles as
regular
incandescent
lamps, but
produce much
more infrared
radiation.

Blow Dryers Blow dryer or 4 ₱2,3390.00 ₱9,356.00

hairdryers is an
electromechanical
device that blows
ambient or hot air
over damp hair to
speed the
separation of
water to dry the
hair.
Hair A flat iron. 4 ₱1, 299.00 ₱5, 196.00
Strengtheners Straightener
temporarily
straightens the
hair by applying
heat to the hair
shaft.

Hair Curlers The activity for 4 ₱1, 065.00 ₱4,260.00

which the curling
iron is most
commonly used n
curling pieces of
hair. Can also be
used to straighten
hair or to warm
hair for easier
styling.

Hair Clippers Hair clippers for 5 ₱3, 480.00 ₱17, 400.00

men, work on the
same principle as
 scissors, but are
distinct from
scissors
themselves and
razors.

Laptop Used by the 1 ₱19, 838.00 ₱19, 838.00

general manager
for the daily
reports and to
sales and other
transaction.

printer Used to print all 1 ₱13,500.00 ₱13, 500.00

paper works
related to the
business, receipts
and others.

Phone To receive callas 1 ₱1, 359.30 ₱1, 359.30

and messages of
clients for the
confirmations of
appointments.

Computer Used by cashiers 1 ₱15, 000.00 ₱15, 000.00

as pos. also used
for social medias
advertisement of
my business. Can
used also for
appointments
through social
media.
Table 9: Machineries and Supplies

I. FURNITURE AND FIXTURE

DESCRIPTION FUNCTION QUANTITY COST TOTAL

Reception Desk Where a person 1 set ₱12, 580.00 ₱12, 580.00

and Table or manager’s
place. Entertain
new clients and
receiving
messages and
 inquiries.

Slam Chairs For styling chair 6 ₱5, 299.00 ₱31, 794.00

used for styling,
dtying and
cutting a
customer’s hair.
Includes full
recline feature
for sharing. A
comparatively
luxuries option
for relaxation
and massaging.

Chairs For the 6 ₱879.00 ₱5, 274.00

employee’s room
for resting and
others.

Backwash Units Designed with 2 ₱7, 700.00 ₱15, 400.00

client comfort in
mind, this unit
puts your client
at the perfect
angle for their
head to lay
comfortably in
the bowl while
providing extra
lumbar support.

Sofa Place in the 2 ₱18, 000.00 ₱36, 000.00

waiting area of
clients or
customer.

Mirror Place in front of 4 ₱2, 000.00 ₱8, 000.00

clients while
doing haircuts
and other
services to give a
better view of
hair from the
front and back to
the customers.

Lighting So that barber 6 ₱1, 457.00 ₱8, 742.00

can see what is
he doing.
 Carts and Trols Where to put the 4 ₱1, 299.00 ₱5,196.00
cream, oils,
scissors, comb,
shavers, and
others.

Salon retail stands Where to put or 4 ₱3, 445.00 ₱13, 780.00

display the
shampoos,
cream, and
others.

Massage rack Placed near the 2 ₱165.00 ₱330.00

waiting area so
that the
customers or
clients will not
bore while
waiting.

Table 10: Furniture and Fixture

J. SUPPLIES

DESCRIPTION FUNCTION QUANTITY COST TOTAL

6 ₱278.00 ₱1, 668.00
White tooth Easily detangles
combs knots of the hair

Hair water spray Spray water to 7 ₱140.00 ₱980.00

the customers
hair for easy
cutting.

Scissors Use for cutting 7 ₱750.00 ₱5, 250.00

hair.

Comb Used for 7 ₱158.00 ₱1, 106.00

combing hair’s
clients.

Salon towel Used for 10 ₱99.00 ₱990.00

shampooing.

gloves Used when 2 boxes ₱138.00 ₱276.00

applying dyes or
creams in the
 hair.

Tissue Used during 4 packs ₱94.00 ₱376.00

cutting the hair
Table 11: Supplies

K. UNIFORM

Color of Uniform: Cream with nude colors with Apron

Figure 7: Business Uniform

L. UTILITIES REQUIREMENTS

L1. ELECTRICITY
Electricity is essential utility requirements that every business needs. Without it, no
business, company, or office can run or operate as a working business. The business coordinated
to Meralco and cooperate and also apply for electrical requirements. Electrical plans and needs
are given.

L2. WATER
Water is another essential utility requirement for barbershop business. Water is needed
for every customer and employees wash hands and to wash scissor, blade, razor, and other tools
for barbers to sanitize equipment, and to remove cut hair for wash to customer head to feel
comfortable.

L3. TELECOMMUNICATION
 Telecommunication is essential utility requirement for barbershop and other business. For
efficiently book client and track their preferred services. Stable Wi-Fi is enough to a business.
Connect with clients or customer and to have CCTV because if Wi-Fi and have a free Wi-Fi for
customer so that these who are waiting are not bored.

L4. WASTE MANAGEMENT DISPOSAL

Waste management is essential utility requirement for all business. Separate all your
waste properly for environment and business. For barbershop needs to separate the garbage such
as tissue paper, plastic gloves, plastic wraps, and more. Separate the metal because the equipment
of barbershop is sharp like blade, razor, scissor, and more. Put them in container. And lastly, hairs
and hair color or treatments. Proper recycling for environment and safety of customer and the
business owner.

M. DIRECT LABOR REQUIREMENT

General managers 1
Manager 1
Cashier 2
Barbers 3
Janitor 1
Security guard 1
total 9
Table 13: Direct Labor Requirement

N. SCHEDULE WORK

EMPLOYEES MON TUES THUR FRI SAT SUN

General WD WD WD WD WD RS
manager
Manager WD WD WD WD RS RS
Cashier 1 WD WD WD RS WD RS
Cashier 2 WD WD WD WD RS RS
Barber 1 WD WD WD WD RS RS
Barber 2 WD WD RD WD WD RS
Barber 3 WD WD WD RD WD RS
Janitor WD WD WD WD WD RS
Security guard WD WD WD WD WD RS
Table 14: Schedule Work
 CHAPTER IV
MANAGEMENT STUDY
A.FORM OF OWNERSHIP
The business is established as a sole proprietorship under The ownership of Dave francis
P. Sano.
Even a barbersop is only a simple or small business, all the documents must be prepared
before the business start. Such as registration, business license or permits. And other payments.

B. VISION, MISSION AND CORE VALUES

B. 1 VISION
The Scissor Edge Barbershop vision is to help clients to final their personal style and
where everyone tels comfortable and welcome. And it will be recognized and admined by the
people no matter Where they come from.

B.2 MISSION
To give high quality service. And how to communicate to clients or customers.

B. 3 CORE VALUES

RESPECT
Being valued and treated respectfully to promote a positive work
between employer’s And so with clients or customers.
HONESTY
Honesty is the correstone of all success. Should be open with the everyone.
 INTEGRITY
It is vital to decision making, serving customers and managing employees.
Treat everyone the same.
TRUST
Trust is important in business between the customers, supplies,employers
And others. And it provide safetiness of the business.
CREATIVITY
To think or suggest what kind of haircut suits to clients or customers.
COURAGE
To deal better to clients or customers.
POSITIVITY
Help to keep a clear mind, staying energized and organized.
LOYALTY
A relationship between employer, employees and customers. Deroted to
everyone.
PASSION
To promote your business, And to create more ideas to become more successful
Successful my business (Barbershop).
COMMITMENT
When you love your work and business. And giving importance to your duties
and responsibilities.
COMMUNICATION
Sharing information between employers, employees and customers.
LEGENDARY
Occurs when the management through its employees, Serve the customer so well that the
Customers receive a powerful,positive and emotional reaction that propels them to repeat the
experience.

AUTHENTICITY
Must learn how to effectively connect with customers. Connected customers tend to be
More loyal, translating into repeat business.

C. CAPITALIZATION

DAVE FRANCIS P.SANO

CAPITAL Ᵽ11,500,000.00 (Ᵽ850,000.00-My Savings)
(Ᵽ300,000.00-Inherit from my mother)

D. ORGANIZATIONAL CHART Dave francis P. Sano

F.2 HIRING PROCEDURE

 F.2.1 INDENTIFICATION OF THE POSITIONS NEED
An opening is a specific vacancy where your management wants to wire
An individual.
F.2.2 CREATE JOB SPECIFICATION AND DESCRIPTION
Indentitying the location of the business. And the main purpose and objectives of
The job.
F.2.3 PUBLICSTIONS OF THE AVAILABILITY OF THE OPEN POSITION
By posting the positions of the job.
F.2.4. REVIEW APPLICANTS
Screening the applicants through resumes / biodata. And others needed
Like barangay clearance and Police Clearance.
F.2.5. EMPLOYMENT TEST
In barbershop neead a basic skill test. Like appropriate colour and
Applications and others.
F.2.6. INTERVIEW
For a better result the management should be the one to communicate to the
Employee about his job and especially the salary offer.
F.2.7 HIRED
After processing the identification, interviewd, it’s time for hiring process. All
Documents and files submitted and accomplished the requirements such as medical
Clearance. The personnel will hired and its how our employee.
G.1 MAYOR’S PERMIT
.Barangay clearance Permit
.Cedula of the owner (community Tax Certificate)
.Tax declaration of the owner
.DTI business Name
.Authorization letter of owner with I.D
 CHAPTER V
FINANCIAL STUDY
A. MAJOR ASSUMPTION

BREAK DOWN ASSUMPTION

TOTAL PLANNED INVESTMENT Ᵽ 11,500,000.00

MAJOR EQUIPMENTS / MACHINERIES Ᵽ 114,987.30
FURNITURE / FIXTURES / SUPPLIES Ᵽ 147,742.00
PAYROLL Ᵽ 1,938,636.00
13TH MONTHPAY Ᵽ 120,000.00
LEGAL PERMITS / LICENCES Ᵽ 23,042.00
UTILITIES Ᵽ 475,000.00
MARKETING AND ADVERTISING Ᵽ

*OPENING Ᵽ 48,000.00
*MONTHLY (Ᵽ12,000.00) Ᵽ 144,000.00
DEPRICATION EXPENSES Ᵽ 48,800.00
CONSTRUCTION Ᵽ 3,800.00
MISCELLANEOUS Ᵽ 49,780.00
HEALTH INSURFACE Ᵽ 12,660.00
 MAINTENANCE Ᵽ12,800.00

TABLE 18: BREAK DOWN OF COST

B. INCOME STATEMENT

The Scissor,s Edge Barbershop Statement of Comprehensive Income for Year Ended
December 31,2027
2023 2024 2025 2026 2027
SALES REVENUE Ᵽ30,684,321 Ᵽ53,264,183.18 Ᵽ25,119,272.00 Ᵽ31,206,000.00 Ᵽ40,994,113.00
OPERATING Ᵽ6,937,047.3 Ᵽ4,217,327.02 Ᵽ4,016,875.00 Ᵽ3,751,083.00 Ᵽ3,514,855.42
EXPENSES
MAJOR Ᵽ111,987.30 Ᵽ72,908.00 Ᵽ130,000.00 Ᵽ88,000.00 Ᵽ54,000.00
EQUIPMENTS/
MACHINERIES
FURNITURES/ Ᵽ147,742.00 Ᵽ94,111.02 Ᵽ164,000.00 Ᵽ83,000.00 Ᵽ57,896.00
FIXTURES
PAYROLL Ᵽ1,938,636.00 Ᵽ1,938,636.00 Ᵽ1,938,636.00 Ᵽ1,938,636.00 Ᵽ1,938,636.00
13TH MONTH PAY Ᵽ120,000.00 Ᵽ120,000.00 Ᵽ120,000.00 Ᵽ120,000.00 Ᵽ120,000.00
UTILITIES Ᵽ475,000.00 Ᵽ 490,000.00 Ᵽ200,000.00 Ᵽ490,000.00 Ᵽ402,000.00
LEGAL PERMITS Ᵽ23,642.00 Ᵽ23,642.00 Ᵽ23,642.00 Ᵽ23,642.00 Ᵽ23,642.00

MAINTENANCE Ᵽ12,800.00 Ᵽ7,991.00 Ᵽ17,125.00 Ᵽ9,111.00 Ᵽ10,003.00

MARKETING
AND
ADVERTISING
 OPENING Ᵽ48,000.00
MONTHLY Ᵽ744,000.00 Ᵽ676,000.00 Ᵽ 750,000.00 Ᵽ 490,000.00 Ᵽ440,000.00
(Ᵽ12,000.00)
DEPRECIATION Ᵽ49,800.00 Ᵽ 38,701.00 Ᵽ56,811.00 Ᵽ50,114.00 Ᵽ43,900.00
EXPENSES
CONSTRUCTION Ᵽ3,800,000.00 Ᵽ700,000.00 Ᵽ550,000.00 Ᵽ400,000.00 Ᵽ280,000.00
MISCELLANEOUS Ᵽ49,780.00 Ᵽ42,678.00 Ᵽ53,761.00 Ᵽ45,919.00 Ᵽ42,118.00
HEALTH Ᵽ12,660.00 Ᵽ12,660.00 Ᵽ12,660.00 Ᵽ12,660.00 Ᵽ12,660.00
INSURANCE
NET INCOME Ᵽ23,747,273.77 Ᵽ29,028,856.16 Ᵽ21,102,697.00 Ᵽ27,454,917.00 Ᵽ37,497,235.00
BEFORE TAX
INCOME TAX Ᵽ7,124,182.18 Ᵽ8,708,656.80 Ᵽ6,330,809.10 Ᵽ 8,236,475.10 Ᵽ11,243,777.40
(30%)
NET INCOME Ᵽ16,623,091.59 Ᵽ20,320,199.36 Ᵽ14,771,887.90 Ᵽ19,218,441.90 Ᵽ26,235,480.60
TABLE 19: INCOME STATEMENT

CHAPTER VI
SOCIO-ECONOMIC STUDY

Its aim to be socially responsible and profitable organization through building long term relationship with
all interested parties. It always endeavors to keep the highest level of quality in our actions, behavior and
advice. In support of the above statement, it will commit the following;

 Continually improve the quality of our services in order to exceed the demands of customers.
 To take all the necessary measures to secure the business continuity at all time.
 Comply with all relevant national/international laws, regulation and directives for health and
safety at work and environment protection
 Meet the requirement of the standard of ISO
 Provide training regarding the above management issue to employees.
 Improve on operation by introducing new technology and new technology about operating
standard.
 Provide a responsible communication channel per innovative ideas and constructive criticism.
 A. SOCIO-ECONOMIC CONTRIBUTION
A1. CONTRIBUTION TO THE PHILIPPINE ECONOMY
One of its most confusing features is the clash between profit versus employees, customers, the
environment, and the public. The concept of social responsibility has been cultivated to address this issue
and some prominent firms have thrived under this philosophy. But the focus on responsibility and
profitability.
The proposed business will benefit the Philippine Economy by paying their tax obligation as provided by
law. Tax will help the government generate funds for improvement of public service and growth and
development of Philippine economy. These only possible if every firm will be responsible enough to
perform their duties and obligation to their customers, community and cause of the government.

A2. EMPLOYMENT GENERATION