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Seeking An Advice: Survey Results and Graph Analysis
Seeking An Advice: Survey Results and Graph Analysis
Seeking an advice
20%
Yes
No
80%
Out of the aforementioned 394 respondents, 20% of them said that they do not
have an interest in seeking advice from consultants and the remaining 80% said that they
would consider seeking advice from an outsourced consulting firm which indicates that
there is a higher possibility for the firm to obtain clients in the market.
26%
Sole Proprietorship
57%
17% Partnership
Corporation
Based on the data above, more than half of the respondents with 57% of the
respondents are classified as a sole proprietorship, 17% are partnership, and 26%
represents corporation. This indicates that Gallardo Mendoza & Associates could acquire
higher demand and generate higher revenue if they focus on marketing their services to
sole proprietors. However, it would be best if they could also attract clients among those
Nature of Business
18%
43%
8%
Service Business
Merchandising Business
Manufacturing Business
31%
Franchising
Based on the survey conducted, service and merchandising business dominates
the business industry in Las Piñas and Muntinlupa, wherein service business having a
share of 43% and merchandising business dominating 31% of the market. These
indicates that there is a higher possibility of acquiring clients among these kind of
businesses compared to Franchising, which only represents 18% of the respondents; and
Length of Existence
32%
45%
business for at least one year and at most three years, 23% said that they are now in the
market with three to five years of existence, and 45% already exist for more than five
years. Since majority of the respondents have already operating for more than five years,
the firm should consider focusing more on stabilizing the clients business or helping them
Consultancy Engagement
26%
Yes
74% No
82 respondents, which are equal to 26%, have their own consultant in their
businesses, while 235 out of 317 respondents said that they do not have any. This
indicates that Gallardo Mendoza & Associates have greater possibility of penetrating the
market. Since, there are still a small number of businesses who have their own
consultants. With the use of proper and effective marketing strategy, Gallardo Mendoza
& Associates could attract these possible clients and could be able to increase their
demand in no time.
15% 12%
is based on the quality and expertise of the consultants with 47% followed by the price of
Location’s rank is not that high because of the advancement of technology making
long-distance communication possible. On the other hand, name in the industry was not
given much opportunity since many of the clients nowadays became more aware of the
profession and believes that the partners and their staffs are professional enough to
provide their needs. Clients nowadays tend to continue getting services from a firm
regardless of its name in the industry as long as their needs and demands have been
met.
enhancing the quality of its service and at the same time offering services at a lower cost
21%
Yes
No
79%
8. Have you tried consulting for your business new product development?
28%
Yes
72% No
28% of the 317 respondents have already tried availing the services of a
consultancy firm regarding their new product development; however, majority of the
respondents with a percentage of 72% haven’t tried availing such service yet.
Using these figures, Gallardo Mendoza & Associates have a great opportunity to
gain potential clients by attracting and persuading those who haven’t tried that service yet
9. If no, are you willing to avail our services regarding new product
development?
14%
Yes
No
86%
86% of the respondents who haven’t tried availing new product development
service are willing to try this kind of service offered Gallardo Mendoza & Associates which
indicates that there is a high percentage of potential clients that the firm could generate.
10. For New Product Development, how much are you willing to pay for this
5%
8%
new product development at a range of ₱5,000 to ₱10,000 which is the lowest price
offered by the firm. 31% of the respondents are willing to pay at a range of ₱10,001 to
₱20,000 while only 8% and 5% are willing to pay at a much higher price at a range of
₱20,001 to ₱30,000, and more than ₱30,000, respectively. Based on these data, Gallardo
Mendoza & Associates will be offering its services at a lower price to meet the demands
11. For New Product Development, how often do you plan to seek for this
service?
18%
27%
Monthly
30% Quarterly
25% Semi- Annually
Annually
12. What other services are you willing to avail?
Other Services
40%
20%
40%
13. For Financial Advisory Services, how much are you willing to pay for this
1%
6%
32%
14. For Financial Advisory Services, how often do you plan to seek for this
service?
23%
38%
Monthly
16%
Quarterly
Semi- Annually
23% Annually
15. For Tax Advisory Services, how much are you willing to pay for this
6%
1%
16. For Tax Advisory Services, how often do you plan to seek for this service?
19%
Monthly
Quarterly
Semi- Annually
44%
Annually
17. For Audit and Assurance Services, how much are you willing to pay for
0%
8%
18. For Audit and Assurance Services, how often do you plan to seek for this
service?
8%
20% Monthly
Quarterly
32%
Semi- Annually
Annually
40%