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A Business Feasibility Study Conducted o
A Business Feasibility Study Conducted o
TRENDY BUFFET
A Feasibility Study
Taytay, Rizal
By
Lutao, Erica B.
Villanueva, Hazeleen S.
October 2016
APPROVAL SHEET
Campus, this Feasibility Study on the business “Trendy Buffet” has been prepared
and submitted by Neil John D. Abejero, Kaye Trina C. Gonzales, Erica B. Lutao,
examination.
Mr. Joel P. Wanagen, CPA, MBA Ms. Kathelyn D.J. Samson, MBA
Member of the panel Member of the panel
First and foremost, the proponents would like to glorify the Lord God
Almighty for His guidance and for the strength, knowledge, wisdom and patience
He had given all throughout the duration of this study. The glory, honor and praise
diligence and support of their respected professor and adviser of this study, Mrs.
Jasmin Mayo, has shared in the process of making this feasibility study. The
proponents are sincerely grateful for pushing us to finish this work well. Thank you
To the critic of this study, Ms. Charmaine Gaye Lopez, who have helped the
proponents finish this study correctly and diligently, and had share her knowledge,
experiences and ideas to further improve it, thank you very much.
The proponents would also like to express their gratitude to their families,
most specifically to their parents, who have supported them physically, financially,
and emotionally. Their support, trust, wisdom, and guidance has given them the
The proponents would also like to thank all the respondents who have took
time and cooperated in answering the survey questionnaire to finish this study.
To all their friends, classmates, schoolmates, and other professors who
have cheered them up and supported them in the process, and to these special
TABLE OF CONTENTS
Content Page #
I. Title page i
V. List of figures ix
Business Description 1
Market Feasibility 1
Technical Feasibility 1
Financial Feasibility 2
Socio-economic Feasibility 3
Project Proponents 4
Proposed Name 5
Content Page #
Mission 5
Vision 5
Logo 6
History 9
Market Description 10
Marketing Program 12
Marketing Strategy 14
Survey Questionnaire 16
Demand Structure 19
Operational Activity 30
Physical Facilities 31
Floor Plan 32
Store Process 33
Materials - Administrative 35
Content Page #
Organizational Structure 44
Articles of Partnership 46
Conditions of Employment 54
Payments of Employees 64
Work Schedule 71
Statement of Assumption 73
Income Statement 78
Note 4: Salaries 83
Note 7: Rent 84
Financial Ratio 93
The Employees 94
The Municipality 95
The Environment 95
SWOT Analysis 97
XV. Appendices
Page #
gender
status
working status
business
business
business
Page #
business
Figure 2.12 The factor that the respondents consider for current 26
business location
store
manpower
business
the workers
Page #
2019
2021
Business Description
This part tackles about the product to be offered by the proponents of the
business. Trendy Buffet is a shop that provides distinct consignment and rental
services for the online sellers of clothing lines, bags, shoes and other products that
can be sold in-house. Also, this chapter includes the history of the business, its
mission and vision, the proponents of the business, location, type of business
Market Feasibility
demographics of the business, and the demand and supply that may impact the
business. It also tells the primary target market, marketing strategies and
programs, as well as the other factors that may affect the demand. All this
Technical Feasibility
This chapter discusses the operational flow of the business and the various
Waste Disposal System tells about how the waste will be disposed and the
Physical Facilities involves the facilities that the business has to offer.
Organizational structure
This chapter is about the organizational structure of the business and its
business. It also contains the organizational chart that signifies the flow of
command, and the articles of partnership that tells what the rights of the owners.
The duties and responsibilities of employees are also defined in this chapter.
Financial Feasibility
financial projections will help the management to easily understand and quantify
the potential financial capability of the business. The proponents of the business
this part.
Socio-Economic Feasibility
This chapter discusses the socio economic aspect of the business. This
include the duties and responsibilities of the employees, the impact, contributions
The last part of the feasibility study is the project implementation table. This
includes the Gantt chart table that demonstrates the timetable of the activities of
Business Description
services from a seller in a real time or without an intermediary service over the
internet. Trendy buffet will therefore serve as a liaison shop that will offer rental
and marketing services to online businesses as it will provide them not just a
physical place but will also market their product to the public. The concept of the
business is to create a place where both big and small online shops are gathered
together to also sell their products physically. Trendy buffet will tender services to
the clients that will satisfy them by simply offering them a good working
relationship, and to the customer through friendly assistance as the business has
This chapter discusses the description of the business including the project
proponents, proposed name of the business, mission, vision, logo description, type
Project Proponent
Rizal, namely, Neil John D. Abejero, Kaye Trina C. Gonzales, Erica B. Lutao, Vince
curriculum.
Proposed Name
The name of the proposed business is “Trendy Buffet”, that consists of two
words "Trendy" and “Buffet”. “Trendy” means modern, very fashionable, or up-to-
date as the business will offer up-to-date products that trends in the internet;
"Buffet" is a room or counter in a public place where various types of food and
drinks are laid out from which guests or customers serve themselves, just like how
the business serves various sorts of products from food to clothes. Trendy Buffet’s
uniqueness is shown by serving various trendy products from the internet like food,
clothes, shoes and different types of items all served in one place.
Mission
spaces to have the best quality, and most comfortable and affordable rental
Vision
The business has chosen this logo for it is simple and attractive. The logo
includes a shirt and a shoe for the business offers different types of product
depending on the online shops. The box signifies a particular space given to each
online shop. The black and white color design signifies that the business is formal,
elegant, and prestigious, which is consistent with the business’ mission in providing
business for profit. All partners of Trendy Buffet enter into partnership through a
written agreement that covers all terms of the parties’ business relationship. The
Lutao, Erica B.
Villanueva, Hazeleen S.
Under this partnership, the partners have agreed that profit and loss of the
Barangay San Juan, Cainta, Rizal, a walking distance away from villages and
commercial establishments. The primary target markets of the business are the
young professionals, students, and the residents that are near in the location.
option for extension and has a monthly rental fee of Php25,000, excluding
expenses for utilities. At the beginning of the operation, 3 months of advance rental
worth Php75,000 will be paid. The annual rental fee amounts to Php300,000. For
and at the back that is available for workers and patrons. It can be easily accessed
through the Ortigas Avenue Extension, the Eagle Street in Don Mariano
Taytay, Rizal started a Feasibility Study that led in creating a retail shop. These
students got together and envisioned of a shop where people could physically buy
products that are also sold in the internet. This plan was developed into a concept
and soon, the concept became a reality. The owners decided to start a business
Cainta, Rizal that is located in a commercial and residential area and in a corner
be involved and connected towards its customers, its employees, the local
Market Feasibility
potential buyers. These are important to the progress of the business as these
This chapter also includes the description of the market, factors affecting
demand, market program, market strategy, survey form, and the target market of
the business.
Market Description
quality marketing programs and customer service in the store. The business
belongs with malls, bazaars, flea markets (tianggê) and other establishments that
The location brings in walk-in customers from the schools and businesses
around the area, and the online services brings in clients ordering in the internet
that will be picked up in the store. Trendy Buffet also gives convenience and
environment, and a clean place to shop. The shop also provides cheaper rental
rates, wherein marketing and customer services are also included, than flea
The business primarily targets online business owners who are looking for
a space where they can place their products and make it more visible in the market
and to the consumers. Trendy Buffet targets online sellers aged 18-40 years’ old.
Young entrepreneurs and small and medium business owners who are selling
customized items, fashionable items and gadgets, and sells them in the internet or
Trendy Buffet is also a one-stop shopping store for trendy products found
online, from fashion items, gadgets, to food for all ages. The young ones and elders
can drop by and purchase the best and finest products from the shop. Teenagers
and young professionals who love accessories, fashionable items and gadgets,
professionals with a stable income aged 30-40 years’ old who love to buy quality
trendy stuff, students from a school campus near the vicinity of the business, and
the residents near the location are among the customers the business targets.
The domestic economy is one of the biggest external factors that may affect
the demands of the business. When the economy of the country is in the good
condition, the flow of demand is stable. Also, the bank transaction and activity of
the people like interest rates, the availability of the credit, and consumer spending
Trend also comes as a big factor as every now and then. The likings and
tastes of the consumers constantly change and the product may eventually get
and wealth of the consumers can contribute to the demand. The bigger the
population, the bigger the chance for demands to increase. The same case
happens when the income of the consumers arises. When income rises, the
demand for the product will increase; when income falls, the demand for the
product will decrease. Other issue includes consumers’ diversity. It may affect the
changing demographics.
the area, its visibility to the public, and its good surrounding. These have high
Marketing Program
The following promotional tactics for generating buzz and awareness about
for managing lead flow as well as answering sales inquiries in the rental
services with online businesses. This person will also initiate online and
window and in-store displays, changing them frequently, and simply moving
merchandise to different parts of the store that will attract and expose clients
E-mail newsletters. The newsletters that are sent through e-mail keeps the
clients on top of the news and provides people trends in the business by
Likewise, clients can opt-out to the newsletter to ensure that the Business
willing to receive the newsletter. The entry forms for raffles will be used to
Discount vouchers and bi-annual raffle. Clients may receive coupons that
will enable them to buy a certain product on their next visit at a reduced
price. The business will also conduct raffle promotions twice every year
within the store and in the business’ Facebook page, where lucky clients
pages, have conversations with the clients, and easily post photos and
By using a Facebook page, the business can reach out to Facebook users
Marketing Strategy
employed:
products to clients who come to the store. This will also help reduce price
sensitivity of clients. Product segments are limited to three (3) product lines
to keep the competitiveness of each product line placed inside the store.
Store location. Aside from the proximity to the clients, the location of the
store will likely be visited by the target clients in pursuance of their lifestyle,
Price. Items will have predictable low prices rather than occasional price
other items and often be the loss leader. Clients will be attracted to the low
Promotion: The promotions will be carried out at the local level that will
visual displays, newsletters, raffles, and social media sites, and will adapt
campaign, whether in print or online, and feature the name of the business
forefront of the web presence that allows people to order as soon as they’re
introduced to the product. The ordered product will be picked up and paid
at the shop after two (2) to three (3) days, based on the demand and supply
of the product.
Survey Questionnaire
Trendy buffet is a business that offer a commercial space where you can
find any local online shop in one place that allow consumer to see and evaluate
the product by itself. The purpose of this is to gather data that we can use as our
and all answer gathered here will treated with outmost confidentially. God bless!
Instruction: To answer each question, please put a check on the space provided.
2. What are reasons why did you engaged on this type of business?
a. 20,000-30,000 c. 40,000-50,000
a. 1 year c. 3 years
b. 2 years d. others
7. Do you think your current place is the best/ strategic place for your
business?
8. What are the factor that you consider for current business location?
a. Yes b. No
c. Somehow, why: ________ d. Maybe, why: ___________
a. 1 to 2 c. 3 to 4
b. 2 to 3 d. 4 and above
13. How much is the monthly salary bracket for the workers?
a. Php3,000-5,000 c. Php8,000-10,000
32%
MALE
FEMALE
68%
The pie chart shows that 68 out of 100 respondents or 68% are female while
the remaining 32% are male. It reveals that women are the most people involved
in business.
5%
Single
Married
95%
remaining 5% are single. According to the civil status, the respondents are mostly
16%
28%
Students
12% Unemployed
Self Employed
Employed
44%
The pie chart shows that 44 out of 100 respondents or 44% are self-
employed, while the 28% are employed, the 16% are students, and the 12% are
unemployed. This presents that those who are self-employed are capable to get in
involved in business.
Demographic profile of respondents according to age
1%
16%
15-25 yrs old
44% 26-35 yrs old
36-45 yrs old
46-50 yrs old
39%
The pie chart shows that 44 out of 100 or 44% of respondents are from 15
to 25 years of age, while the 39% is from 26-35 years old, the 16% is from 36-45
years old, and the remaining 1% is from the ages 46-50 years old. This presents
11%
23%
Online shop
Clothing
The pie chart shows that 54 out of 100 or 54% of respondents are involved
in clothing business, while the 23% responded in other type of business, the 12%
15%
Family business
39% Interest / Passion
Main source of
17% income
Figure 2.6 The reasons why respondents engaged on this type of business
The pie chart shows that 39 out of 100 or 39% respondents tend to have a
family business, while the 29% are engaged in business to earn an extra income,
the 17% of respondents get involved in business for interest or passion, and the
other 17% chose to have a business as the main source of income. This presents
3% 4%
16% 20,000-30,000
30,000-40,000
40,000-50,000
50,000 and above
77%
and the remaining 3%’s monthly income is from Php40,000- Php50,000. It reveals
9%
The pie chart shows that 51 out of 100 respondents or 51% responded
“Very Much” in preferring to rent a space for business, while the 23% of
respondents answered “Fairley Eager”, the 17% chose “Not so much”, and the
remaining 9% selected “Not at all”. This reveals that the respondents are very
4% 1%
17%
Php5,000-7,000
Php7,000-8,000
Php8,000-9,000
Php9,000 and above
78%
Figure 2.9 The respondents’ preferred amount for the rental fee
The pie chart shows that the 78 out of 100 or 78% of respondents preferred
to pay Php5,000 up to Php7,000 for the rental fee for the space in their business,
above. It presents that they could only afford a rental fee amounting between
19%
32% 1 year
2 years
3 years
Others
32%
17%
since they answered others, while the 17% wanted to get engaged in a rental
contract up to 2 years. This presents that a rental contract for 1 or 3 years is what
they prefer.
The respondents’ response if Cainta is the best/most strategic place for their
business
3% 2%
23% Yes
No
Somehow
Maybe
72%
The pie chart shows that 72 out of 100 or 72% of respondents believed that
the current place they occupied is the best or the strategic place for their business,
however, the 23% answered “No”, while the 3% answered “Somehow”, and the
2% answered “Maybe”. It reveals that most businesses believe that Cainta is the
21% 25%
Accessibility
Affordability
7%
Proximity
Store Design
47%
Figure 2.12 The factor that the respondents consider for current business
location
The pie chart shows that 47 out of 100 respondents or 47% rely on the
location, while the Accessibility got 25%, the Store Design for 21%, and the
remaining 7% is the Proximity. This reveals that the affordability of the location is
1%
23%
Tiangge
Public Market
8% Commercial space
68% Others
rent a place for their business in Tiangge, while the 23% responded to rent in a
reveals that most businesses prefer renting a space in a flea market or tiangge.
9%
7%
7AM-4PM
42% 8AM-5PM
9AM-6PM
Others
42%
The pie chart shows that in between 7:00 a.m. to 4:00 p.m. or 8:00 a.m. to
5:00 p.m. is the most appropriate operation hours of their business which both got
particular time, and the remaining 7% chose to operate from 9:00 a.m. to 6:00 p.m.
This presents that they prefer businesses that operates early morning (7AM) until
1% 1%
29% Yes
No
Somehow
69% Maybe
The pie chart shows that 69 out of 100 or 69% of the respondents avail an
outsource manpower, while the 29% of respondents answered “No,” and both
“Somehow” and “Maybe” got only 1%. It presents that mostly preferred manpower
4%
7%
1 to 2
2 to 3
26%
3 to 4
63% 4 and above
The pie chart shows that 63 out of 100 or 63% of respondents prefer to have
one (1) to two (2) workers to help in operating their business, while the 26% chose
to have two (2) to three (3) helpers, the 7% answered to be assisted by three (3)
to four (4) workers, and the remaining 4% wanted to have more than four (4)
helpers. It reveals that a business that is operated by one to two people is what
they prefer.
4% 1%
17%
P3,000-5,000
P6,000-8,000
P8,000-10,000
P10,000 and above
78%
Figure 2.17 The respondents’ preferred monthly salary bracket for the
workers
The pie chart shows that 78 out of 100 or 78% of respondents answered
that the basic monthly salary of their workers are in range of Php3,000 up to
This presents that they wanted workers having a salary in between Php3,000 and
Php5,000.
Part 3
Technical Feasibility
The technical aspect of Trendy Buffet states the operational flow of the
project, and the analysis of various factors that affect its technical and operational
activities.
This includes the equipment, materials, structure plan, and also the source
of the supplies used in the business project. Others include the business plans,
The factors explain how strategic plan will be put into business. Technical
or operation planning solves business problems with creative solutions that will
maximize the value of resources. This contains how the activity of the business will
be used, the desire outcomes, and the process for maintaining progress of the
strategies.
Operational Activity
The office hours of Trendy Buffet will be from 9:00 am until 9:00 pm from
Mondays to Saturdays. Employees are also given 1-hour lunch break and a 15-
place for collection, transport, treatment and disposal of waste including monitoring
and regulation.
There will be two (2) garbage bins placed inside the store, separately
closed waste facility in the commercial establishment after store hours until it is
collected. Solid residual wastes will be collected by the garbage collector thrice a
week, which will be sent to the waste management facility in Rodriguez, Rizal;
Pasig City.
Physical Facilities
Our parking space will be available for 2 vehicles only. The building has 2
comfort rooms for personal use of customers and employees. It also has a fitting
room for customers, cashier area for the payment of the customer and
administrative papers, locker rooms for personal things of the employees, storage
room for stocks of the product and fire exit in case of emergency.
shoppers as they enter and go out of the store premises. Sales Attendants
assigned to their respective area, are required to always smile and wear their
uniforms and be approachable at all times. The business has a food stand (buffet
style) for dine-in shoppers. In case of emergency it also has a back door fire exit.
Floor Plan
The store process starts with welcoming and greeting of the customers.
After that, they need to assist the customers and ask what they are looking for,
accompany them on the location of the products and let the customers decide if
they will purchase the product or not. After payment, a receipt should be given and
the product is placed in a paper bag. Staffs are also to thank the customer for
A closed-circuit television (CCTV) camera will be placed inside the store to monitor
all the employees and the shoppers as they come in and go out of the store
premises. In case of emergency, the front door of the store will serve as an exit,
Materials- Administrative
1 Box ₱ 63.00
Ball Pen
2 Pieces ₱ 88.00
Record Book
1 Set ₱ 100.00
Time Card
MATERIALS QTY. UNIT UNIT PRICE
1 Box ₱ 150.00
Liquid Eraser
1 Box ₱ 122.00
Clear Tape
1 Box ₱ 35.00
Staple Wire
1 Piece ₱ 99.00
Tape Dispenser
4 Pieces ₱ 7,600.00
Bench
MATERIALS QTY. UNIT UNIT PRICE
1 Piece ₱ 1,499.00
Office Chair
1 Piece ₱ 2,499.00
Office Table
1 Set ₱ 10,000.00
Desktop Computer
1 Piece ₱ 4,290.00
Filing Cabinet
1 Piece ₱ 1,500.00
Bundy Clock
MATERIALS QTY. UNIT UNIT PRICE
1 Piece ₱ 1,200.00
Wireless Router
1 Piece ₱ 145.00
Calculator
1 Piece ₱ 79.00
Stapler
1 Piece ₱ 49.00
Staple Remover
1 Piece ₱ 50.00
Scissors
MATERIALS QTY. UNIT UNIT PRICE
1 Piece ₱ 3,000.00
1 Piece ₱ 750.00
Telephone
1 Piece ₱ 15,000.00
Cash Register
2 Pieces ₱ 12,000.00
Glass Cabinet
MATERIALS QTY. UNIT UNIT PRICE
4 Pieces ₱ 17,998.00
Shoe Cabinet
5 Pieces ₱ 3,750.00
Earrings Holder
5 Sets ₱ 4,750.00
Accessory Holder
1 Piece ₱ 180.00
WALL CLOCK
1 Piece ₱ 150.00
1 Piece ₱ 190.00
1 Piece ₱ 100.00
Feather Duster
2 Piece ₱ 1300.00
Trash Can
1 Piece ₱ 75.00
Exit Sign
1 Set ₱ 9,999.00
CCTV CAMERA
MATERIALS QTY. UNIT UNIT PRICE
1 Set ₱ 29,999.00
12 Sets ₱ 4,200.00
Clothes Hanger
12 Piece ₱ 7,500.00
Clothes Rack
2 Sets ₱ 3,999.00
Fitting Room
1 Piece ₱ 1,999.00
Fire Extinguisher
MATERIALS QTY. UNIT UNIT PRICE
1 Piece ₱ 900.00
Emergency Light
UNIFORMS / ID
The business will provide the uniforms of the employees. This include a
white polo shirt, an apron, and a baseball cap. The idea about the uniform is out
of the concept of the uniforms used in restaurants and buffets, since the name of
The layout of the uniform and the identification (I.D.) card are as follows:
organizational aims.
that it defines the relationship between the employee and employer that will help
maintain good relationship to function as one. Also, it will help the business to
lessen the grievances and disputes by following the labor code as stated.
The organizational chart contains the level of personnel. On the other hand,
the policies and guidelines help to maintain and regulate the work relationship of
the management and employee, the payment of employee which defines how the
management pay the employee, and the responsibilities and duties of the
Organizational Structure
Organizational structure of the business shows the flow of every task and
partnership, people with same goals of earning profit and enthusiasm are the
owners of this business. The organizational chart gives you the look of skeleton
Trendy Buffet is a shop located in Cainta, Rizal that provides rental services
to online businesses to place their products. The general manager is the one who
is in charge of the store operations and the four (4) service crews are assigned in
the business and face the clients. The on-call outsourced accountant is the one
business for profit. The partners have equal shares to assets and liability of the
current business.
Articles of Partnership
Of
Trendy Buffet
That we, the undersigned partners, all of legal age, residents and citizens
of the Philippines, have on this day voluntarily associated ourselves together for
the purpose of forming a general partnership under the following terms and
conditions and subject to existing and applicable laws of the Republic of the
Philippines:
ARTICLE II. That the purpose for which this partnership is formed is to hold,
ARTICLE III. That the principal place of business of this partnership shall
be located at Km. 19 Ortigas Avenue Ext. corner Eagle Street, Barangay San Juan,
Cainta, Rizal.
ARTICLE IV. That this partnership shall have a term of ten (10) years from
and after the original recording of its Articles of Partnership by the Securities and
Exchange Commission.
Vince Robin C.
Filipino 187 A. Bonifacio Ave., Cainta, Rizal
Merced
Hazeleen S.
Filipino Ilog pugad, Taytay, Rizal
Villanueva
ARTICLE VI. That the capital of this Partnership shall be the amount of
AMOUNT
NAME
CONTRIBUTED
TOTAL ₱ 280,000.00
citizens to less than the required percentage of capital as provided by existing laws
ARTICLE VII. That the profits and losses of this partnership shall be equally
ARTICLE VIII. No partner shall withdraw any portion of the capital of the
drawing for the first year of operation and no loss shall be incurred in the equity
upon drawing.
ARTICLE XI. That the general partner may be given the right to substitute
an assignee as contributor in his place, provided that he has duly notified his
partners in writing, stating the reasons therefor, five (5) days before effectivity of
said substitution.
ARTICLE XIII. That the remaining general partner or partners shall have
the right to continue the business in cases of death, retirement, civil interdiction,
ARTICLE XVI. That the partners undertake to change the name of this
receipt of notice or directive from the Securities and Exchange Commission that
another corporation, partnership or person has acquired a prior right to the use of
that name or that the name has been declared as misleading, deceptive,
SIGNED:
Hazeleen S. Villanueva
developing the behavior of the employees to prevent the possible problems that
might possibly occur in every aspect. Its implementation will help the employees
to mold in to the most effective and efficient way of performance that will also help
establishment. This part is designed to inform and provide information about the
Employee Uniforms:
Polo shirt
Apron
Baseball cap
Employees must provide their own pants. Acceptable uniform pants are
black fitted or skinny jeans. Unacceptable pants include, but are not limited to:
Wide-legged jeans
Ragged jeans
Leggings
Dress pants
Warm-up pants
Employee Appearance:
An employee must follow these guidelines regarding employee
appearance:
Hair styles should not draw any attention (e.g. hair color, height, length, and
allowed is a mustache that does not exceed the corners of the mouth.
Tongue rings, tongue studs, nose rings, or any other facial rings or piercings
Visible tattoos are discouraged and where present should not be offensive
Headscarves and long sleeves worn for religious purposes are permitted
Operations:
Arrive at the workplace and punch his timecard early or on time for his
official work hours or shift schedule. Arrival after 10 minutes of the start of
Chewing gum and eating food of any kind are not allowed while on duty.
business premises and within the building whether during working time or
not, or reporting for work under the influence of alcohol are not allowed.
Use of mobile phone while on duty is not prohibited. It should not be abused
or reporting for work under the influence of illegal drugs are not allowed and
Working Conditions:
A. The customer service staff will follow a six (6) day work week and the
General Manager will follow a five (5) day work week, both with a given
B. An employee is provided a one (1) day rest period after six (6) consecutive
normal work days (as per Article 91(1), Labor Code). Depending on
his rest day; he shall be entitled to an additional 30% of his regular wage
for a work done on his rest day (as per Article 93(1), Labor Code).
to a maximum of 48 ordinary hours of work per week and eight (8) ordinary
hours of work per day (as per Article 83, Book III, Labor Code).
D. Each employee is entitled to a regular one (1) hour unpaid meal break (as
per Article 85, Labor Code) and two (2) 15-minute in-between paid breaks,
E. Employees shall be paid his regular daily wage on a regular holiday (as per
(as per Article 94(2), Labor Code). Work performed on any special holiday
shall be paid an additional compensation of at least thirty percent (30%) of
the regular wage of the employee (as per Article 93(3), Labor Code).
F. Paydays are on the 15th and 30th of the month, but can be moved to a day
twice a month at intervals not exceeding sixteen (16) days as per Article
103, Labor Code) All salaries are given personally by the supervisor to the
Attendance:
B. Employees are required to log-in in the Bundy clock using the timecard. An
employee who fails to file attendance should ask the supervisor’s approval
C. An employee is considered tardy when he reports for work after the start of
monitored and shall be made the basis for possible salary deductions
D. Under time means leaving early or leaving before the end of the employee’s
work schedule.
monitored and shall be made the basis for possible salary deductions
E. Overtime work is work performed beyond eight (8) hours a day. The
regular wage plus 25%; overtime work on a regular holiday or rest day shall
(8) hours plus 30% (as per Article 87, Labor Code).
Overtime work shall have prior written authorization. The Overtime
not later than one (1) day before the intended date.
Under time work on any particular day shall not be offset by overtime
work on any other day (as per Article 88, Labor Code).
Leaves:
the law, the employee is given privileges upon fulfillment of certain eligibility
requirements.
A. Incentive leave. Three (3) days of incentive leave shall be given to every
leave credits shall be given annually, not cumulative, and not convertible to
cash. The leave application of the employee shall be filed to the manager
two (2) days before the day of leave. (Provisions for incentive leave not
another four (4) weeks after normal delivery or abortion with full pay based
employee who has rendered a collective service of at least six (6) months
in the business for a year (as per Article 133(1), Labor Code). The maternity
leave application of the employee shall be filed to the manager three (3)
C. Paternity leave. Seven (7) days with full pay based on his regular daily wage
his wife has delivered a child or suffered a miscarriage (as per Sec. 2, R.A.
8187). The leave application of the employee shall be filed to the manager
two (2) weeks before the expected date of delivery, supported by a marriage
the pregnancy of his legitimate wife and the expected date of such delivery.
D. Parental leave. Seven (7) working days of parental leave every year will be
granted to any solo parent employee who has rendered service of at least
a year for the purpose of enabling him/her to perform parental duties and
8972). The leave application of the employee shall be filed to the manager
months for the last 12 months (as per Sec.18, R.A. 9710). The leave
application of the employee shall be filed to the manager one (1) week
a gynecological surgery.
The best way to hire good employees and to weed out the unsuitable ones
recruitment process to ensure that those who are hired are suited to the role and
1. An internal and external job posting will be arranged through the referral of
The job posting will include a local contact who will be responsible for
3. The interview process is a chance for the management to talk to the short-
listed applicants through the role and the opportunities of the job,
discussing the applicants’ skills, technical knowledge and suitability for the
position. Depending on the role, interviews may take place with the
general manager and/or the business owners. The number and type of
by the applicants.
6. Upon completion of the recruitment process, the offer to the selected finalist
will be made.
Employment Status:
Code)
anytime for valid reasons as stipulated in the policies and guidelines of the
partnership and in accordance with the Labor Code. (As guided by Article
initially stated period does not in any way imply a change in employment
status. Temporary employees retain that status until they are notified of a
programs.
reasons or causes not directly attributed to either of the two, within the limits of the
Labor Code. Situations under which separation from employment occurs may be
Code)
Death
The following policies and procedures are set up to regulate various kinds
of separation and their consequences. They are defined to ensure that exiting
employee exits on a pleasant note with minimum loss to the organization and self.
(30) days (as per Article 285, Labor Code). Employees are expected to
subject to the notice period of thirty (30) days (as per Article 285, Labor
realized from the employee in case of any recovery (as per Article 283,
A. General manager
Mandatory leaves (upon regularization) e.g. Incentive leave, Maternity leave, Paternity leave, Parental leave, Special
13th-month pay
TABLE 4.3 Compensation rates given to the service crew and sales representative
Rates (Php)
Type of
Daily
employment Hourly
Regular day Regular Holiday Special day Rest day
Regular / Probation
32.88 263.00 526.00 341.90 341.90
/ Temporary
Daily
Type of
Holiday / Special / Semi-Monthly Monthly Yearly
employment
Rest day Rest day
Regular / Probation
683.80 444.47 3,419.00 6,838.00 82,056
/ Temporary
TABLE 4.4 Hourly overtime rates given to the service crew and sales representative
Hourly overtime rates (Php)
Type of
Regular Holiday / Special /
employment Regular day Special day Rest day
holiday Rest day Rest day
Regular / Probation
41.09 85.48 55.56 55.56 111.12 64.1155
/ Temporary
Benefits:
Mandatory leaves (upon regularization) e.g. Incentive leave, Maternity leave, Paternity leave, Parental leave, Special
13th-month pay
C. Accountant
Job Description:
preferred patrons.
Sets performance standards for tasks, jobs and roles of their employees.
Qualifications:
Male or female
or retail, or equivalent
Computer literate
Supervises: None
Job Description:
Financial forecasting
Qualifications:
Male or Female
A graduate of a Bachelor's Degree in Accountancy, Banking and Finance,
Has at least six (6) months to one (1) year of working experience, and has
Supervises: None
Job Description:
Checks shelves and replenish supplies of any products that is running low.
Prepares the displays and ensures that they remain in good condition
Provides customers with a quick and accurate service and show sensitivity
Handles cash, credit card and discount transactions with the assistance of
Verifies a starting bank and completing a daily audit report when balancing
cleaning procedures.
protective equipment.
Qualification:
Supervises: None
Job Description:
Records orders from the internet and sends details to the store
Qualification:
Has at least six (6) months to one (1) year of working experience in sales,
Work Schedule
Shift 1: 8:30am-3:30pm
Shift 2: 3:30pm-10:30pm
Shift 3: 10:30am-5:30pm
1-hour break:
Crew 1: 12:30pm
Crew 2: 6:30pm
Crew 3: 7:30pm
Financial Feasibility
considerations. It also indicates how much cash is needed in the business and
sheet, income statement and cash flow of the business is showed and the
Statement of Assumption
investment of Php280,000.00.
2017.
3. All the capital needed and other operating expenses i.e. cost of services,
by this kind of business in the market. Along with this expected increase in
drawer.
7. Clients/Lessees will be charged for their rental fee on a cost-plus basis (all
after three (3) years will be considered in reference to the increase in other
8. Costs from which the rental fee will be based shall compose of direct costs
growth in the amount of charging, the Entity will use an "averaging method".
10. It will be assumed that the business will have a slow turnover of employees.
11. The Company will rent a commercial space that is available for a one-year
lease contract with an option for extension. It has a monthly rental fee of
rental fee. The Proponents estimate a 5% rental increase every three (3)
the Partnership.
12. The Business will bear the costs of leasehold improvement that totals
13. Utilities expenses, that includes electricity, water, telephone, and internet,
annually.
14. Advertising expenses in visual displays and e-mail newsletters and other
made by the end of Year 5, thus, depreciation doesn't apply for these new
purchases. Furniture and fixture were made by the end of Year 5, thus,
17. Partners are entitled to have a monthly drawing not exceeding Php1,500.00
for the first year of operation and no loss shall be incurred in the equity upon
drawing.
18. The partners have equal shares to assets and liability of the current
business.
19. Provision for income tax are 30% since this type of business is subject to
corporate tax.
economy that may affect the business. Its importance is that it defines how the
business helps in creating a good relationship with the society, and what are
employees, the government, the local people, the municipality, the environment,
The Employees
The importance of the employees to the business is that they are the ones
who manage and operate the business to ensure that it will earn enough to sustain
the business. In the business world, the primary asset of a company or any
business institution are the employees. They are the main contributors in the
The business will simply provide jobs to qualified individuals, giving them a
stable income for them and their families. The business can also help motivate and
innovation to the community in which the business is established. This gives the
place have a huge potential for a profitable market. This will encourage more
investors and entrepreneurs to establish more businesses within the area. Trendy
Buffet can also provide a quality service that will create a good relationship and
The Municipality
people within the area. The government of Cainta will also benefit the business
from the collection of income, business and corporate taxes, licenses, and local
fees. These can increase the revenue of the government which can be utilized for
local and national government projects. The business can also participate in
The Environment
The business will help the environment through reducing and reusing
materials used in the business. It also lessens the business’s expenses in supplies.
The business will also minimize the waste through recycling which could cut waste
disposal costs. Preventing environmental damage from flooding will reduce the risk
of incurring costs and having to carry out potentially expensive remedial work in
lessen their environmental impact by joining campaigns by the local and national
of economy. The business can also help stimulate economic growth by providing
employment opportunities to people who are still not employed. As Trendy Buffet
generate high levels of revenue, the business will pay higher taxes. This money
can be used for funding the police and fire departments as well as building schools.
This contributes development in the community and in the country. Trendy Buffet
will do all its effort to help the economy and the country as a whole.
SWOT Analysis
Accessibility Trendy
Trendy
Opportunity Threats
Competitors
preference
Part 7
tasks, the responsibility of each person for each task and associated target dates
and task dependencies on each other. This is to gain awareness of the tasks
needed to be accomplished and the status of the project at any given time.
This part discusses the Gantt chart in implementing the project. A Gantt
and track specific tasks in a project. This outlines all of the tasks involved in the
project, and their order, shown against a timescale. The Gantt chart gives an
instant overview of a project, its associated tasks, and when these need to be
finished.
Part 1: Business Description
including the people that are involved in this proposed project, the proposed name
of the business, the business’ purpose and objectives, the logo that symbolizes
the organization, the organizational structure used in the business, the proposed
Type of Business
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Organization
Part 2: Market Feasibility
The Market Feasibility part of this project describes the market where the
products are sold, determines the potential customers and their needs, and
examines all of the factors that may affect the demand for the services that will be
offered. This part also talks about the market strategy and the specific actions for
each part of the marketing strategy. It also includes the tally of responses of the
Factors Affecting
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Demand 6/29/2016
The technical aspect of this feasibility study defines the operations and
business processes, the processes involved in handling and disposing wastes and
the actions that can be taken to reduce the potential of exposure to the hazard.
This part also lists the physical facilities of the business, the equipment, the
materials, and the supplies used for the business project. The technical feasibility
part of this study includes the diagram of the floor plan, and the layout of the
Waste Disposal
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System
Safety Control
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Measure
includes the organizational structure and chart that discusses and describes the
policies and guidelines and the condition of employment that gives brief description
of the employees, and the job descriptions and specifications of the employees in
a particular job.
Organizational
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Structure
START TARGET PERSON COMPLETED
ACTIVITIES
DATE END DATE IN-CHARGE (%)
Policies and
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Guideline
Condition of
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Employees
Payment of
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Employees
Responsibilities and
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Duties
This part of the feasibility study demonstrates all the factors related to the
potential financial flow of the business. It projects how much start-up capital is
considerations. This part also considers many things including start-up capital,
Statement of
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Assumption
Projected Expected
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Sales
Projected Monthly
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Sales
Projected Cost of
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Sales
Projected
Expense
Projected Supplies
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Expense
The socio-economic aspect of this feasibility study describes the social and
economic impacts of the project once implemented. This part determines the
the locales, the town where the business will be established, the environment, and
The Country As A
7/19/2016 7/20/2016 Merced 100%
Whole
Part 7: Project Implementation Table
the responsibility of each person for each task and associated target dates and
task dependencies on each other. This part discusses the Gantt chart in
implementing the project. This also outlines all of the tasks involved in the project