THE MANAGEMENT ASPECT

Objectives of the Management Aspect

 Objective 1; to determine the cost and profit for each product offered. To know
the overall investment cost.

 Objective 2; to know what kind of supplies, equipment, furniture and fixture the
business will use. To describe the product that will offer in the market.

 Objective 3; to give the customers quality rice at fair competitive price.

Pre – operating Period

Real Rice business assumes its legality of operation will be registered at the
local government of Barangay Handumanan, Bacolod City and the SEC. Pursuant to the
Government existing laws, the licensing will be obtained at the Mayor’s office paying the
corresponding fee there indicated.

Other permits will also be secured as:

a. Barangay Clearance

b. Sanitary Permit Certificate – City Health

c. Fire Safety Inspection Certificate

d. Authorization from National Food Authority

e. Bureau of Internal Revenue for tax purposes

f. Office of the Building Official (OBO)

FT-ARA-020-00 | STI WEST NEGROS UNIVERSITY – Chapter III 1

Project Originators/ Promoters/ Managers

a. Total Capital Contribution

NAMES CAPITAL CONTRIBUTION

1. Cabilitasan, Irene Jhun A. ₱40,817.17

2. Laurilla, Monica M. ₱40,817.17

3. Pagdato, Rica S. ₱40,817.17

4. Panes, Judy Grace ₱40,817.17

5. Sayam, Anna Rose T. ₱40,817.17

6. Sellado, Trexy B. ₱40,817.17

TOTAL ₱244,903.02

b. Management and their participation in management.

NAMES Capital Contribution

1. Cabilitasan, Irene Jhun A. ₱40,817.17

2. Laurilla, Monica M. ₱40,817.17

3. Pagdato, Rica S. ₱40,817.17

4. Panes, Judy Grace G. ₱40,817.17

5. Sayam, Anna Rose T. ₱40,817.17

6. Sellado, Trexy B. ₱40,817.17

TOTAL ₱244,903.02

FT-ARA-020-00 | STI WEST NEGROS UNIVERSITY – Chapter III 2

FT-ARA-020-00 | STI WEST NEGROS UNIVERSITY – Chapter III 3
Project Schedule

Activities January February March April May June July August Sep. Oct. N0v. Dec.

Assess the practicality and

viability of the proposed plan.
Business objectives, strategies,
planning
Accessing viable location
Market information and analysis

Putting equipment’s, furniture’s,

and store needs

Product Pricing Range

Hiring employees
Arrangement of equipment’s and
materials
Putting store needs and rice
stocks
Orientation and training for
employees
Checking and cleaning for all set

Opening the Store

Operating Period

Monday – Sunday: 4:00am-5:30pm

TIME ACTIVITIES PERSONAL DUTIES

Monday –
Sunday Cleaning and Owners and
4:00am – 6:00am organizing the raw helpers
materials.
Checking all the
materials/equipment
needed.
6:10am-5:30 pm Opening
6:00pm Closing Owners and
helpers

Form of Business Ownership

The Real Rice will be a Partnership form of business in which six young
entrepreneurs will provide/invest the amount needed for the business to start. A
partnership is a type of business organization in which two or more individual pool
money, skills, and other resources, and share profit and loss in accordance with terms of
the partnership agreement. In absence of such agreement, a partnership is assumed to exit
where the participants in an enterprise agree to share the associated risks and rewards
proportionately. Real Rice choose general partnership to run this business

General partnership, the partners manage the company and assume responsibility
for the partnership's debts and other obligations. The general partners own and operate
the business and assume liability for the partnership. The business will have six (6)
general partnership since having a lot of people to manage the business can lead to
success because there will be a lot of opinions to be suggest on how to run and operate
the business, therefore it would be best to have more people to manage the business.
 Internal Organization
Manpower Requirements/ Job analysis
Job Title Description
Cashier She should be responsible
for monthly income and
balance sheets.
She should responsible in
managing the cash and
cash deposit.
She should responsible in
collection of receivables
and payroll.
Helper He should carry out light
maintenance work.
Driver He should responsible for
loading and unloading of
truck.
Ensures truck is kept clean
at all times.
Qualifications Number of
employees/qualified
for positions
Female only. 1
Must be graduate of any
business related course.
Must be honest and pleasing
personality.
He must possess at least 3
High School Diploma in any
field.
He must be hard working,
have good communication
skills, so make rice.
He must be at least 21 years 1
old.
He must have a valid driver’s
license and meet the
Homeland security/
Transportation
administration
requirements.
He must have an acceptable
motor vehicle record.
Utility 1

Organizational Chart

Manager

Cashier

Helper

Driver