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Work Hive Studio Project Feasibility Study PDF
Work Hive Studio Project Feasibility Study PDF
Submitted by:
Abalos, Juliet D.
Arboleda, Erika Marie B.
Ilagan, Gillian Carla C.
Isla, Alyanna Darlene P.
Submitted to:
Mr. Richard Ramos
Date Submitted:
06 May 2020
Table of Contents
Chapter 1 – Executive Summary ..................................................................................................3
I. Overview ..................................................................................................................3
II. Name of Business and Logo ....................................................................................3
III. Partners and Management ........................................................................................4
IV. Location ...................................................................................................................4
V. Economic and Market Feasibility ............................................................................5
VI. Technological Feasibility .........................................................................................5
VII. Financial Feasibility .................................................................................................5
VIII. Social Economic Feasibility ....................................................................................6
Chapter 2 – Project Background and History ............................................................................7
Chapter 3 – Economic and Market Feasibility ...........................................................................8
I. Market .....................................................................................................................8
II. Services ...................................................................................................................8
III. Competitive Position ...............................................................................................9
IV. Market Study .........................................................................................................11
V. Pricing Strategy .....................................................................................................19
VI. Marketing Strategy ................................................................................................21
VII. SWOT Analysis .....................................................................................................23
VIII. Contribution to the Philippine Economy ..............................................................26
Chapter 4 – Technological Feasibility ........................................................................................27
I. Production Program ...............................................................................................27
II. Plant Capacity ........................................................................................................29
III. Location and Site ...................................................................................................29
IV. Process Engineering ...............................................................................................31
V. Furniture and Equipment .......................................................................................36
VI. Utilities...................................................................................................................36
VII. Safety Control Measures ........................................................................................37
VIII. Waste Disposal System ..........................................................................................37
IX. Maintenance ...........................................................................................................37
X. Manpower ..............................................................................................................38
XI. Production Schedule ..............................................................................................39
Chapter 5 – Financial Feasibility................................................................................................41
I. Total Project Cost and Capital ...............................................................................42
II. Project Financing ...................................................................................................43
A. Pricing ........................................................................................................43
B. Capacity .....................................................................................................43
C. Projected Sales ...........................................................................................45
D. Projected Statement of Comprehensive Income ........................................47
E. Projected Statement of Changes in Partners Equity ..................................48
F. Projected Statement of Cash Flows ...........................................................49
G. Projected Statement of Financial Position .................................................50
H. Notes to Financial Statements ....................................................................51
III. Commercial Profitability .......................................................................................66
A. Financial Ratios .........................................................................................65
B. Capital Budgeting ......................................................................................68
C. Sensitivity Analysis ...................................................................................73
Chapter 6 – Management ............................................................................................................79
I. Form of Ownership ................................................................................................79
II. Administration .......................................................................................................79
III. Organization Chart .................................................................................................81
IV. Vision, Mission and Core Values ..........................................................................82
Chapter 7 – Manpower ................................................................................................................83
I. Employees ..............................................................................................................83
II. Qualifications .........................................................................................................85
III. Employment Process ..............................................................................................85
IV. Employee Benefits .................................................................................................86
V. Employee Resignation and Termination ................................................................87
Chapter 8 – Social Desirability ...................................................................................................88
I. Taxes Paid to the Government ...............................................................................88
II. Increased Employment...........................................................................................88
III. Increase in Access to Service ................................................................................89
IV. Increased Economic Growth ..................................................................................89
Sources ..........................................................................................................................................91
ACKNOWLEDGEMENT
We would like to express our profound gratitude to our beloved institution, San Beda
College Alabang, for giving us the opportunity to use our knowledge and skills in Management
Advisory Services by writing a project feasibility paper that helped us understand more of the
course.
For everyone who contributed their time in our project feasibility study, thank you for your
To our professor in Management Consultancy, Mr. Richard Ramos, we would like to thank
you for guiding us all and being an extraordinary support throughout the process of making this
To our department chairs, Mrs. Rowena Carpio and Ms. Marriel Cullano, we are sincerely
grateful for having you as our mentors in the Accountancy Department. Your kind words helped
We are also thankful for all our professors in the College of Arts and Sciences, especially
our exceptional professors in the Accountancy Department, we will never forget how
compassionate and brilliant you all are. Thank you for the wisdom that we will carry on to the next
Mrs. Ilagan; and Mr. and Mrs. Isla, for being loving and encouraging every day, especially in these
tough times.
Lastly, to whom we are most grateful for, our God, for giving us everything we need in
completing our project feasibility study. Without Him, we would not have had the knowledge,
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CHAPTER 1
EXECUTIVE SUMMARY
I. Overview
In our generation, globalization and technological advancements has a major impact in our
society. These changes have made a way for new industries to rise. People who are using
coworking spaces find themselves more productive in their work. Work Hive Studio acts as a
and students in the Philippines. It allows individuals to move around the area, to have collaboration
and networking opportunities without the hassle of incurring costs like utilities and furniture. By
co working, partners will be able to establish an affordable and flexible workspace, connect with
The name of Work Hive was inspired by the working bees. The hive symbolizes as the
place where people are busily occupied just like how the bees work inside the beehive. The logo
of the bee signifies as “living your life productively”. Just like bees, their goal is to make honey
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and work to get the honey and we, humans, want to reach and achieve our own dreams “honey” in
life. Lastly, yellow and black means optimism, abundance and prosperity that can be used as
management structure. The partners of Work Hive Studio are also the top management of the
business.
Partners:
IV. Location
Work Hive Studio will be located at the Ground floor, Paz Madrigal Plaza, Madrigal
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V. Economic and Market Feasibility
The partners’ target market are employees, freelancers, self-employed and students in the
South Metro Manila Region. The advantage of Work Hive Studio in marketing strategy should be
the key to getting the business off the ground. As technology advancement arises in the Philippines,
the partners opt to market their service through social media. The opportunity of publicizing the
services offered can also be achieved through advertising, partnerships with other businesses and
The partners of Work Hive Studio will build a comfortable working space for individuals
who would like to use individual spaces, common room spaces, and meeting rooms. The common
room will be shared by twenty-two (22) persons. The coworking space is also providing twenty-
four (24) individual shared spaces and two (2) discussion rooms with a capacity of four (4) persons
per room and can be converted into a meeting room available for eight (8) persons. Printing and
In the first year, the partners will invest Three Million Five Hundred Thousand (3,500,000)
Million Philippine Peso to launch the coworking space. The capital will be used to complete the
business’s facilities and development. In the first year, the company is to expect a low return of
investment because the coworking space is still on their soft launch that means it would only
preview what kind of services the space might be able to bring to their customers. The first
operating years would be the time to use and gather data or customer feedbacks to improve the
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company’s operation and if the services sustained the demand of the customers. If the target
customers will be able to achieve and will be eventually be stabled, the return of investment would
The partners of the coworking space visions the space as an improvement of socioeconomic
environment. Coworking spaces are quickly becoming one of the essential factors of a progressive
economic of a city. It means that there would be a lot of people working or studying in that location
that can make that area cause growth industrially. Work Hive Studio is practically promoting
innovation and can help the users transfer their knowledge upon interacting with other coworkers
in the coworking space. The users might not have the same linage of business, but they still can
use that opportunity to encounter different kinds of employees from distinct industries. It also
promotes flexibility. Users can occupy the space according to their availability that could be great
for anyone, it maybe from a working sector or a student. Lastly, with the increasing growth of
technology there is now a much greater capacity of working from anywhere and interacting with
others. The coworking space can cater to bridge those kinds of necessity from a working space.
End of Chapter 1
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CHAPTER 2
The researchers behind this study are students from San Beda College Alabang that are
taking Bachelor of Science in Accountancy. The project feasibility study is a requirement for a
Coworking spaces started in Europe and the United States and is now a trend globally. By
2013, coworking spaces were already becoming popular in the Asia Pacific region since traditional
office spaces became limited, while freelance and home-based workers started to arise. The
coworking spaces in the Philippines focused on catering services to students, freelancers, start-up
and small businesses, employees from different companies that basically need to get their work
done. It is expected to grow by ten percent (10%) annually and its demand will increase by fifteen
Work Hive Studio is a 24/7 coworking space which allows individual and collaborative
work either in shared office spaces or solo spaces that provides a work environment found in a
traditional office. The reason behind this study is because nowadays, people are getting busier in
our fast-paced environment. Also, flexible spaces allow people to work independently and
collaboratively, making way for the researchers in creating the 24-hour coworking space. The
concept of coworking could help the government provide space for individuals to promote more
industrialization through promotion of the importance of working and providing spaces that they
End of Chapter 2
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CHAPTER 3
I. Market
working independently and collaboratively in a shared office space. New technologies have made
it easier for people to start their own businesses or rely on existing applications to connect their
services to the clients who need them most. For many coworking spaces, it is not just about
is also about supporting and nurturing the community. The partners’ target market are the
II. Services
Coworking Spaces are one big open area where groups of people or an individual can come
together and do work. Work Hive Studio is offering a workplace that has desks, comfortable chairs,
meeting spaces, printing services, great internet connection and sockets or charging stations.
A. Individual Space
Clients are given the option to work in the common room or the individual space
room. The common room is an open floor space set with tables that can easily seat six 6 of a team,
also perfect for client meetings or group works. In the Individual space room, this gives the client
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B. Discussion Rooms
This room is available for four (4) individuals in a group. The room has its own
LCD projector, writing board, meeting table and chairs that are suitable for groups having
C. Meeting Room
Discussion rooms can be converted to a meeting room, making it available for eight
(8) individuals. Presentation equipment are also available and is also suitable for groups having
D. Printing/Photocopying
Available for anyone who needs to print or photocopy a document. Non-space users
In the Philippines, the industry of coworking is quite new and it is growing fast. Co. Lab,
the first coworking space in the country, was established in 2011 at Makati. Today, there are over
two thousand (2,000) coworking spaces in Metro Manila. In the chosen location of the partners,
Muntinlupa City, there are only ten (10) coworking spaces. (See table for their locations).
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Business Name Location
Alabang, Muntinlupa
The partners have chosen a location that would greatly take an advantage for the Work
Hive Studio to rise. Paz Madrigal is a new corporate building in Madrigal Business Park and is
10
The goal of coworking space is to create a space that stands out from the other options
available. Aside from competitions among coworking spaces, there are certainly other places to
work making it a secondary competitor of a coworking space. There are certain features and
benefits that a coworking space offers that cannot exist in coffee shops and generic office spaces.
Coworking spaces can be a source and connection to useful people with skills and knowledge that
could aid and assist an individual, while coffee shops can be amusing as you hear different
strangers chatting and ramblings that of course can be distracting for an individual accomplishing
his/her work. As great as coworking spaces can be, home offices are great competitors of the
Work Hive Studio. The disadvantage of a home office is that if an individual’s business requires
meeting with clients on a regular basis, then working from home is not ideal. In Work Hive Studio,
discussion rooms and meeting rooms are readily available to host clients, thus providing an image
of professionalism.
To have an effective research, surveys were posted through the social media accounts of
the partners, gaining one hundred (100) respondents and data to be used in the marketing strategy,
pricing strategy and projection of sales and expenses (Projection of sales and expenses is discussed
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A. Survey Questionnaire and Responses
1. Name of Respondents
Respondent’s Answer
Given 27%
The results show that there are 27 of respondents that gave their names and 73 of
2. Occupation
Respondent’s Answer
Student 36%
Student
Employee
Employee 52%
Self-employed
Self-employed 6%
Freelancer
Freelancer 6%
The results show that there are 27 of respondents that are students, 52 of respondents are
employees, 6 of respondents are self-employed and 6 of respondents are freelancers. These results
gave an idea to the partners that majority of their future clients will be employees.
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3. Do you know what a coworking space is?
Respondent’s Answer
Yes 67%
No 33%
Yes
No
The results show that there are 67 of respondents that knows what a coworking space is
and 33 of respondents do not know what a coworking space is. These results gave an idea to the
Respondent’s Answer
The results show that there are 63 of respondents prefer working in an individual space, 22
discussion room. These results gave an idea to the partners on what service they would focus on.
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5. How frequent are you willing to visit a coworking space per month?
Respondent’s Answer
The results show that there are 40 of respondents who are willing to visit 1 to 5 times per
month, 15 of respondents are willing to visit 6 to 10 times per month, 9 of respondents are willing
to visit more than 10 times per month and 36 of respondents are willing to visit only on occasional
basis. These results gave an idea to the partners who frequent their future clients would visit the
studio.
Respondent’s Answer
1 to 2 hours 45%
1 to 2 hours
3 to 5 hours 42%
3 to 5 hours
More than 6 hours 13%
More than 6
hours
The results show that there are 45 of respondents who are willing to stay for 1 to 2 hours
per visit, 42 of respondents are willing to stay 3 to 5 hours per visit and 13 of respondents are
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willing to stay more than 6 hours per visit. These results gave an idea to the partners on how the
basis of the pricing per hour should be and how many the studio can accommodate per hour.
Respondents’ Answer
90%
80%
70% Conference room with projector 44%
60%
50%
40% Events/Programs/Education 33%
30%
20% Printing/Photocopying/Scanning 61%
10%
0%
Wifi 82%
The results show that 44 of respondents would want a conference room with projector, 33
respondents would want laptop rentals, 56 of respondents would want beverage and food and 60
of respondents would want a 24-hour access. These results gave an idea to the partners on what
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8. How much are you willing to pay for the space?
Respondent’s Answer
₱80 53%
The results show that 53 of respondents are willing to pay ₱80 per hour, 25 of respondents
are willing to pay ₱90 per hour and 22 of respondents are willing to pay ₱100 per hour. These
results gave an idea to the partners on what should be the basis of their pricing.
20%
10%
0%
Ambiance Customer Location Price
Service
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The results show that 76 of respondents chose Ambiance, 46 of respondents chose
Customer Service, 69 of respondents chose Location and 57 of respondents chose Price. These
results gave an idea to the partners on what they would prioritize to attract more clients.
One suggested that the Work Hive Studio should give free coffee to their customers.
This survey could aid the partners on how they would establish an affordable and flexible
coworking space to gain more and loyal customers. The data would only be used for Work Hive
B. Interview
For partners to better understand and fully grasp the concepts and ideas in establishing a
coworking space, a qualitative interview with Social Space Chief Executive Officer, Mr. Richard
Pulumbarit, was conducted last March 12, 2020 at the CTP Alpha Tower, Madrigal Business Park.
Mr. Pulumbarit discussed the challenges of putting up a coworking space in the country, how he
came up with an idea of establishing the Social Space, the advantages of Social Space among other
coworking spaces, their services, their marketing strategies and their starting capital. The data
gathered in the interview is used in estimating cost of the investment, sales and operating expenses
and formulating marketing strategies. Moreover, the innovative and creative thinking of Mr.
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C. Target Market
Majority of the coworking spaces’ target market are the freelancers and self-employed. For
Work Hive Studio, the target market are the nearby company employees, freelancers, self-
employed and students who simply needs desk time for a few hours in a day.
1) Employees
Services offered by a coworking space benefit someone who works from home and/or has
a restrictive work schedule. A space of a home sometimes is not practical to use when working;
the same with coffee shops. These spaces are created for a different purpose. These environments
cannot effectively promote an employee's productivity unlike in a Coworking Studio. One reason
why the studio is suitable for work from home employee's is its flexibility. It doesn't matter what
time they should work because Work Hive Studio is open, 24/7. They do not have to worry about
fitting the use of the studio in their schedules because it is always available with everything they
need. Another reason is it's practicality. Of course, the space is there, the internet connectivity,
great lighting, power outlets, and the atmosphere - the feel of the place that one simply cannot get
in a typical space of a house or coffee shops. This kind of environment is perfect for doing its job,
2) Students
The students as a market for the coworking space is recently developed in the Philippines.
Coworking space can be a study place and an alternative solution to public libraries. Students
connecting with fellow students and professionals can be an opportunity of gaining a network at a
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3) Freelancers and Self-employed
For freelancers and self-employed, coworking spaces are extremely useful for them.
According to GoodWorks, working from home may affect the output of these professionals. Unlike
in coworking space, disturbances and distractions are limited. Thus, making it easier for the
space. They can promote their products inside the coworking space with different potential
V. Pricing Strategy
To begin pricing, we gathered information from our competitors’ ideas for a profitable
price and to overcome expenses to be incurred by our company. Pricing of services is based on the
A. Individual Space
To have a profitable service from an individual, the price is based on the rent occupied by
the company and the costs based on each individual space offered such as maintenance of the
B. Discussion rooms
of people. It costs more as there are services in the room that would help them communicate more
such as LCD projector, whiteboards, meeting tables and chairs. With these additional services we
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are spending more electricity and space to a group of people. The price should cover the cost of
this space and maintenance to keep them good as new for our company to be profitable.
C. Meeting room
customers. It occupies a bigger space with the same services offered by discussion rooms. It would
cost more as the space would be useful to one group rather than two. Maintaining meeting rooms
The prices are based on the price of ink, paper used in this type of service, computers
invested, equipment needed for the services and maintenance of these items. It is noticeable that
the set price is more expensive than normal printing businesses for the reason of the environment
as it is a business setting and its demand to its users. We have top up at least a peso to earn more
to this type of service as it is put in place for the immediate use of the customers.
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Below is the proposed pricing of the printing and photocopying services
According to Lyfe Marketing, “Your marketing strategy will highlight the path you’re
taking to achieve your specific objectives and goals.” One of the partners’ goals in creating the
coworking space, not just earning profit, is to make a place not only a workplace but also a dynamic
and enriching environment for all. Proposed marketing strategies are through Digital Marketing,
A. Digital Marketing
Digital Marketing is one way the partners opt to use. Creating a quality website that clearly
states the mission of Work Hive Studio, as well as indicating the rates of the services, making
important contact information visible and including newsletter or blog posts from clients that may
relate to business growth, networking, technology and other categories that may attract potential
clients. Aside from creating a website, a social media strategy would be an advantage in building
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B. Facebook Advertising
Facebook is a social media platform that could be used in a lot of ways, including
advertising. It is a need for a business to advertise most especially when the business is still in the
introduction stage of marketing growth. Using Facebook for advertisements is a great way to
Facebook benefits the business in various ways in terms of advertisements. First, it is easy
to use because it could be easily modified to certain audiences that you want for your
alike audiences, and many other more. Second reason is that it is a very popular social media
platform especially in the Philippines. It is one of the most visited social media applications. People
in this generation are becoming more and more reliant to social media for reasons of entertainment,
research, communication, and many more. As a result of this, there are more audiences in
Facebook rather than other social media applications. It would be easier for the business to be
known to their targeted audience. Another reason why it is beneficial to use Facebook for
advertisements is because the application makes it easier for the business to check the growth of
their advertisements. It already shows how much interactions were gained from the advertisements
such as the page likes, comments, and other post engagements. Facebook advertising is also
efficient is such a way that those people who already clicked into the business’ website or searched
it in the internet will most likely see advertisements of the business in social media platforms. It
works in a way that these platforms already know what a certain person is interested in. Facebook
as one of the most visited social media application here in the country would surely boost the
business’ popularity in the market. Lastly, one of the most evident and important reason why a
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business should use Facebook for advertisements is because it is cheap. Facebook offers CTR
(click-through-rate) which targets the desired audience for a low cost. It is a lot less expensive and
practical than using other popular way of advertising like the usage of billboards, flyers, and many
more.
C. 24-Hour Access
Another strategy is extending operation hours. According to Coworking Resources, “If you
can manage 24/7 operations, you will become valuable to more prospects, especially ones who
work for companies in another time zone.” This is an effective strategy especially that the
neighboring businesses are international companies whose operating hours is different in the
Philippines. Employees, freelancers, self-employed and students who are more comfortable
working in night hours, now have the chance to stay in a coworking space with a calm
In our modern time, people are hungry for a time of change and improvement. People now
are getting smarter because there are a lot of ways on how to work and earn well. An example
would be, posting a content on the internet. When someone becomes a trend-setter, they might get
generation, that they tend to achieve more and that they are hungry for change and improvement.
In this SWOT Analysis, it shall determine the strengths to continue and improve, weaknesses to
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A. Strengths
There are a lot of competition around, but the strength of a co-working would be first, it is
a low risk program that could generate a gross high margin because most of co-working space are
only funded with working capital, credit from an investor. Second, it does not have that much of
an inventory. It only mainly focuses on the lease of a space which can be an advantage to owners
that there would be no waste materials would be produced. Third, based on the survey sixty-three
percent (63%) prefer the individual spaces and our services can guarantee that the customer would
have their own space and stable internet connection that is necessary in their work. Fourth,
customers can go back anytime. Unlike in our major competitors, customers purchase coffee. In
Work Hive Studio, complimentary beverages are offered to every customer. Lastly, it is flexible.
A space can be rented for customer’s hours of reference with a reasonable price.
B. Weaknesses
In all kinds of business, there are risks but, in this business, the biggest risk would be,
operating costs are high. A rental of space which is in a month-to-month payment and utilities
expenses that could differ from time to time. Second, the co-working space does not offer food
and beverages, some people prefer to eat or drink while working to release stress or to make them
focus more in accomplishing their work. Third, working people might lack of cooperation because
they would have to rent it for themselves and they would not be able to share the value of working
together and that could help individual character building. Fourth, the lack of office need. Work
studio only offers the space and the basic needs, but the studio cannot provide everything a
professional need in terms of their profession. Lastly, lack of frequentation because it is not their
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own office space or house. For people who are working or studying, they might feel unsecured in
a coworking space.
C. Opportunities
The primary opportunity of a coworking space would be wider network. Every day,
coworking spaces entertain different customers, although some are returning customers. This
makes networking easier. Those customers could spread good reviews to their friends, families,
even on social media which will serve as advertisement of the market. The curiosity of those who
were told the good experience will be beneficial to the market because it will gather more
customers which could also lead to the spread of the good review of the market to non-customers,
and the cycle goes on. Second, less competitors within the same market. Here in the Philippines,
co working spaces are not yet popular in the market which means there are only a few competitors.
This makes it easier to gain potential customers most especially when there are only a few in your
chosen location. Newly constructed businesses in the market have the customers to themselves
because of their new business idea, no competitors just yet. Coworking spaces are already popular
in some other countries and are already one of the fast-growing businesses but here in our country,
D. Threats
One of the threats is that the idea of co working spaces are not familiar to the market yet.
Co working spaces here in the Philippines as mentioned above, are not yet known by many. It is
still a work-in-progress to introduce this kind of business to the market. Due to this unfamiliarity
of many, co working spaces have to work hard on advertisements and other kinds of medium to
25
reach out to their potential customers. Co working spaces could have more customers, earn more
profit, and then later on expand their business if they are known to the market. This is one of the
problems newly established line if business have. Next threat is that it has a lot of competitors
within the same idea of market, since a lot of consumers do not know the idea of a co working
space, they tend to support other kind of business similar to a co working space just like coffee
shops or internet cafes. Coffee shops are widely known to be student-friendly and work-friendly
that is why a lot of consumers would spend their time working in a coffee shop instead of a co
working space. Coffee shops differ from co working spaces in a way that coffee shops are made
for socializing and relaxing, not to finish somebody’s work, while co working spaces are made to
not just socialize, but to get things done in short, productivity. Coffee shops are one of the popular
if not the most popular in terms of getting work done while outside. This is a huge threat to co
working space kind of business and this makes it harder for co working spaces to get the attention
of consumers.
to Workspace in Asia, the coworking industry is growing rapidly in the Philippines. Having a
shared workspace with different individuals benefit through wide opportunities to connect and
collaborate with compatible workers. Work Hive Studio can also support the neighboring
businesses by hosting large groups of potential clients, students who are looking for facilities with
unlimited hours of operations and freelancers and entrepreneurs who needs to focus on their work.
End of Chapter 4
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CHAPTER 4
TECHNOLOGICAL FEASBILITY
I. Production Program
Spaces
Individual Common
Desk Room
Comfortable
Space
Free
Free WiFi
Coffee
Friendly Great
Staff Ambiance
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A. Services
Work Hive Studio offers a 24-hour coworking space services to employees, freelancers,
self-employed and students. Services would include individual spaces, common room spaces,
discussion rooms and a meeting room. Other services would be printing and photocopying for
anyone.
B. Process
The customer shall be assisted by the receptionist on what services they may avail. Offered
services would be the Individual Space, Discussion Room and Meeting Room. Individual Spaces
offer two (2) subservices, which are Individual Shared-desk and Common Room. When the
customer have already chosen a space, they may now choose on how many hours they shall use
the space. Available hours would be four (4), eight (8) and twelve (12) hours. After choosing the
hours usage, the customer shall now pay for the designated price.
For customers who have chosen Individual Space, they may opt to work in the individual
desk or in the common room. For customers who have chosen discussion rooms, the receptionist
shall assist them on what room to use and prepare for the necessary equipment that the customer
may use. For customers who have chosen the meeting room, it shall be subject to the availability
of the two (2) discussion rooms, then the receptionist shall assist them in preparing the room and
the necessary equipment. Equipment like projectors and whiteboard are readily available for
customers who will avail the discussion rooms and meeting room. WiFi Connection and
complimentary beverages are available for all Work Hive Studio customers.
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The receptionist shall notify the customer ten (10) minutes before finishing the availed
hours of space. If the customer wishes to extend their stay, additional hours shall be paid at the
receptionist’s counter. Discussion and Meeting room users shall return the equipment and supplies
(e.g. projector remote, whiteboard marker and eraser) at the receptionist’s table.
For customers who will avail the printing services, the technical assistant shall assist them.
Customers may send their files in Work Hive Studio’s email or present their flash drive to the
The capacity is based on the size of the leased space. The partners would want to make
sure that the studio will not be overcrowded, enough to work calm and harmonize space. For the
individual space, a maximum of twenty-four (24) seats will be available; Twenty-two (22) seats
for the common room; and eight (8) seats for the discussion room, convertible to a meeting room.
Work Hive Studio operates for twenty-four (24) hours, seven (7) days a week. This gives
the customers the flexibility to work anytime. Comfort rooms can be used at building’s ground
floor. An access door going to the main lobby of the building will be provided.
The plant location is located at Paz Madrigal Plaza, Madrigal Business Park, Muntinlupa City, a
newly constructed building placed where it is easily accessed by the business’ target market,
29
because of the schools and companies established nearby. Also, the studio is placed a few steps
away from the main road of Zapote. Considering these circumstances, it gives the studio an edge.
30
Below is the Retail Floor Plan of Paz Madrigal Plaza.
The partners opted to lease Retail four (4) and five (5). Prices, units, other projected
expenses and details were sent to us by Mr. Lee T. Barrios, a leasing officer from Paz Madrigal
Plaza through an email inquiry. (Schedule of expenses is presented in Chapter 4 – Financial Aspect
of the study)
For the construction and improvement of the studio, the partners hired i_CONS
Construction Company. Labor, materials and summary of expenses are provided by the
study)
31
A. Plant Layout
Capacity: 24 Pax
32
C. Common Room Layout
Capacity: 22 Pax
Capacity: 4 Pax
33
E. Meeting Room Layout
Capacity: 8 Pax
Note: The two (2) discussion rooms are convertible to one (1) meeting room.
F. Reception Layout
34
G. Storage Room
35
V. Furniture and Equipment
Presented above are the furniture and equipment that will be used by the Work Hive Studio
in delivering services. There will be various seating options for the customers. The partners want
to make sure that the furniture and equipment will define the personality of the place, making it a
calm and modernized studio for style and comfort certainly matter in coworking spaces.
VI. Utilities
Two (2) wireless routers will be fixed in the studio, one (1) for the individual shared-desk
room and one (1) for the common room in which receptionists and discussion room users may
connect. The telephone will be at the receptionist’s table for inquiries and other necessary
communication. Each customer will have an electric socket near their spaces.
36
VII. Safety Control Measures
For safety and security purposes, electronic door locks and CCTV cameras will be set up
by the hired construction company of the studio. Emergency lights and fire extinguishers are also
provided in case of unfortunate events. These controls protect workers and customers from
workplace risks; help prevent injuries, illnesses and incidents; and decrease or remove safety and
health hazards.
Trash bins are provided for each room. Garbage collection of the building is every day at
IX. Maintenance
Maintenance is necessary to make the item in better shape or in a good working order. For
Work Hive Studio’s maintenance, every six (6) months LED lights will be changed and air
conditioning units will be cleaned. A 24-hour workplace should be kept clean and in good
37
X. Manpower
Staff Salary/Month
Receptionist 1 ₱16,800.00
Receptionist 2 18,000.00
Receptionist 3 16,200.00
Technical Assistant 1 16,800.00
Technical Assistant 2 18,000.00
Technical Assistant 3 16,200.00
Janitorial Service 15,000.00
Executive Director 10,000.00
Director for Finance 10,000.00
Director for Operations 10,000.00
Community Manager 10,000.00
Uniforms and Identification cards of staff will be provided by the management. There will
be three (3) polo shirts per employee which will be worn on Mondays, Tuesdays, Thursdays and
Saturdays. The rest of the week will be wash days in which they should wear a polo shirt/polo. IDs
Uniforms ID
38
XI. Production Schedule
Illustrated below is the company’s production schedule. It shows the details for the
2020 2021
January
February
March
April
May
June
July
August
September
October
November
December
January
Project Planning
Canvass of rental
spaces and
equipment
Establishment of the business
Promotion
Soft
Opening
1. Project Planning
The creation of the concept of the business starts. The planning of its design and
functionalities, the place of establishment, logo and name, desired capacity, variations, etc. It is all
about gathering and polishing the idea of the business the partners perceive it to be.
This is the period where the partners choose where exactly to locate their business and search for
equipment.
39
3. Establishment of the business
This overlaps with the previous task because this is a lengthy process. This, out of all the scheduled
tasks, is the most critical and complex one. This involves the accumulation of business permits
and licenses, the construction of the rental space, installation of utilities and equipment and hiring
of employees.
4. Promotion
The final stage before opening the studio to the public. This is done to let potential customers know
its existence. It may include promotions through social media outlets, sponsorships, and giving of
5. Soft Opening
End of Chapter 4
40
CHAPTER 5
FINANCIAL FEASIBILITY
This chapter will revolve around the figures of the business’ investment costs, project
financing and commercial profitability criteria. It will also determine whether the project is
financially viable. The creation of such figures shall determine the status of the business, how it
is being managed and projection of performance each year. Estimated costs were made through
Work Hive Studio’s project costs include fixed investments and pre-operating
expenditures. While the project financing will focus on the Projected Statement of Comprehensive
Income, Projected Statement of Changes in Partner’s Equity, Projected Statement of Cash Flows,
Projected Statement of Financial Position and Notes to Financial Statements. The commercial
profitability criteria will provide the Liquidity Ratios, Leverage Ratios, Profitability Ratios,
Payback Period, Break-Even Analysis, Net Present Value, Internal Rate of Return, Discounted
Major assumptions include projection of sales that will be based on the market study and
pricing strategy of the partners, sales increase by 5% per year, straight-line method computation
41
I. Total Project Cost and Capital
Fixed Investments
Leasehold Improvement ₱1,640,170.00
Furniture 314,600.00
Equipment 187,750.00
Total Fixed Investments 2,142,520.00
Pre-operating Expenditures
Rent (For 6 Months) 885,898.80
Utilities (For 2 Months) 84,000.00
Insurance (For 1 Year) 60,000.00
Advertising (For 1 Year) 110,000.00
Uniforms and IDs 6,750.00
Printing Supplies (For 6 Months) 20,150.00
Complimentary Supplies (For 6 Months) 24,015.00
Permits and Licenses Expense 27,115.00
Office Supplies (For 1 Year) 5,725.00
Safety Equipment (For 1 Year) 2,980.00
Total Pre-operating Expenditures 1,226,633.80
Total Project Cost ₱3,369,153.80
The capital of the partners will be ₱875,000 each totaling to ₱3,500,000. Profits and Losses
will be divided equally among the partners. There will be an allowance of ₱25,000 for each partner
for the first five years as withdrawals. Partners will also receive Administrative Salaries of ₱10,000
42
II. Project Financing
A. Pricing
Spaces
Time Individual Discussion Rooms Meeting Room
Per hour ₱ 100 ₱ 500 ₱ 1,000
4 hours ₱ 300 ₱ 1,500 ₱ 2,000
8 hours ₱ 500 ₱ 2,500 ₱ 3,500
12 hours ₱ 700 ₱ 4,000 ₱ 5,000
The pricing strategy of Work Hive Studio is enough to cover all the expenses of the
business. Each year, there will be enough profit to be distributed among the partners.
B. Capacity
The capacity of Work Hive Studio for the spaces is based on the market study and size of
the leased office space. The maximum capacity is counted per chairs fixed while the minimum
capacity is counted based on the tables fixed. As for printing, capacity is based on the supplies and
43
Spaces
Maximum Minimum
Individual Space 24 Individual Space 24
Common Room 22 Common Room 12
Discussion Room 2 Discussion Room 2
Total 47 Total 38
Individual Space
Time Maximum Capacity Percentage Per day 2021 2022 2023 2024 2025
4 hours 47% 11 22 11 12 13 14 15
8 hours 37% 9 9 4 4 4 5 5
24
12 hours 16% 4 4 2 2 2 2 2
Total 100% 24 35 17 18 19 21 22
Common Room
Time Maximum Capacity Percentage Per day 2021 2022 2023 2024 2025
4 hours 45% 5 10 5 5 5 6 6
8 hours 45% 5 5 3 3 3 3 3
22
12 hours 10% 2 2 1 1 1 1 1
Total 100% 12 17 9 9 9 10 10
Discussion Room
Time Maximum Capacity Percentage Per day 2021 2022 2023 2024 2025
4 hours 38% 1 1 1 1 1 1 1
8 hours 56% 1 1 1 1 1 1 1
2
12 hours 6% 0 0 0 0 0 0 0
Total 100% 2 2 2 2 2 2 2
44
C. Projected Sales
45
Assumptions for Printing Services
46
Work Hive Studio
D. Projected Statement of Comprehensive Income
For the years ended December 31, 2021-2025
47
Work Hive Studio
E. Projected Statement of Changes in Partner's Equity
For the years ended December 31, 2021-2025
48
Work Hive Studio
F. Projected Statement of Cash Flows
For the years ended December 31, 2021-2025
49
Work Hive Studio
Projected Statement of Financial Position
As of December 31, 2021-2025
Notes 2021 2022 2023 2024 2025
Assets
Current Assets
Cash and Cash Equivalents PSCF ₱1,928,985.16 ₱2,627,513.74 ₱3,111,397.32 ₱3,870,614.51 ₱4,640,986.04
Total Current Assets 1,928,985.16 2,627,513.74 3,111,397.32 3,870,614.51 4,640,986.04
Non-Current Assets
Leasehold Improvement - Net 10 1,476,153.00 1,312,136.00 1,148,119.00 984,102.00 820,085.00
Furniture and Fixtures - Net 11 268,630.00 222,660.00 176,690.00 130,720.00 84,750.00
Equipment - Net 12 155,115.00 122,480.00 89,845.00 57,210.00 24,575.00
Total Non-Current Assets 1,899,898.00 1,657,276.00 1,414,654.00 1,172,032.00 929,410.00
Total Assets ₱3,828,883.16 ₱4,284,789.74 ₱4,526,051.32 ₱5,042,646.51 ₱5,570,396.04
Liabilities
Current Liabilities
Value Added Tax Payable 20 143,229.00 414,747.00 425,116.20 469,021.86 479,125.74
Expanded Withholding Tax Payable 1 88,589.88 88,589.88 88,589.88 88,589.88 88,589.88
Total Current Liabilities 231,818.88 503,336.88 513,706.08 557,611.74 567,715.62
Total Liabilities 231,818.88 503,336.88 513,706.08 557,611.74 567,715.62
Partner's Equity
Abalos, Capital PSCPE 899,266.07 945,363.22 1,003,086.31 1,121,258.69 1,250,670.10
Arboleda, Capital PSCPE 899,266.07 945,363.22 1,003,086.31 1,121,258.69 1,250,670.10
Ilagan, Capital PSCPE 899,266.07 945,363.22 1,003,086.31 1,121,258.69 1,250,670.10
Isla, Capital PSCPE 899,266.07 945,363.22 1,003,086.31 1,121,258.69 1,250,670.10
Total Partner's Equity 3,597,064.28 3,781,452.86 4,012,345.24 4,485,034.77 5,002,680.42
Total Liabilities and Partner's Equity ₱3,828,883.16 ₱4,284,789.74 ₱4,526,051.32 ₱5,042,646.51 ₱5,570,396.04
50
H. Notes to Financial Statements
Note 1 – Rent
Note 2 – Utilities
Description Cost/Month
Electricity Connection ₱12,000.00
Telephone and Internet
Connection 6,000.00
Electricity 20,000.00
Telephone and Internet 13,000.00
51
Note 3 – Insurance
Item Cost/Month
General Liability ₱5,000.00
Note 4 – Advertising
Item Cost/Month
General Liability ₱5,000.00
Note 5 – Salaries
Salary/Month
Staff 2021 2022 2023 2024 2025
Receptionist 1 ₱16,800.00 17,000.00 17,200.00 17,400.00 17,600.00
Receptionist 2 18,000.00 18,200.00 18,400.00 18,600.00 18,800.00
Receptionist 3 16,200.00 16,400.00 16,600.00 16,800.00 17,000.00
Technical Assistant 1 16,800.00 17,000.00 17,200.00 17,400.00 17,600.00
Technical Assistant 2 18,000.00 18,200.00 18,400.00 18,600.00 18,800.00
Technical Assistant 3 16,200.00 16,400.00 16,600.00 16,800.00 17,000.00
- Increase of Php 200 in base salary per year for the staff who are still serving the business.
52
Note 6 – Uniforms and IDs
Item Cost
Ink ₱800.00
Paper 500.00
53
Note 8 – Complimentary Expense
Drinking Water
Item 2021 2022 2023 2024 2025
Projected Sales 50% 5% Increase
Capacity/Day 28 29 30 33 34
Cup of water/person 3 3 3 3 3
Cup of water/day 84 87 90 99 102
Days/year 365 365 365 365 365
Cups of water/year 30660 31755 32850 36135 37230
Cups/5gallon 80 80 80 80 80
5 Gallon/year 383 662 707 730 776
Cost ₱30.00 ₱30.00 ₱30.00 ₱30.00 ₱30.00
Total ₱11,490.00 ₱19,860.00 ₱21,210.00 ₱21,900.00 ₱23,280.00
Coffee
Item 2021 2022 2023 2024 2025
Projected Sales 50% 5% Increase
Capacity/Day 28 29 30 33 34
Spoons/person 1 1 1 1 1
Spoons/day 28 29 30 33 34
Days/year 365 365 365 365 365
Spoons/year 10220 10585 10950 12045 12410
Spoons/kilo 80 80 80 80 80
Kilo/year 128 132 137 151 155
Cost ₱450.00 ₱450.00 ₱450.00 ₱450.00 ₱450.00
Total ₱57,600.00 ₱59,400.00 ₱61,650.00 ₱67,950.00 ₱69,750.00
Creamer/Sugar
Item 2021 2022 2023 2024 2025
Projected Sales 50% 5% Increase
Capacity/Day 28 29 30 33 34
Spoons/person 1 1 1 1 1
Spoons/day 28 29 30 33 34
Days/year 365 365 365 365 365
Spoons/year 10220 10585 10950 12045 12410
Spoons/kilo 80 80 80 80 80
Kilo/year 128 132 137 151 155
Cost ₱200.00 ₱200.00 ₱200.00 ₱200.00 ₱200.00
Total ₱25,600.00 ₱26,400.00 ₱27,400.00 ₱30,200.00 ₱31,000.00
54
Coffee Stirrer
Item 2021 2022 2023 2024 2025
Projected Sales 50% 5% Increase
Capacity/Day 28 29 30 33 34
Stirrer/person 1 1 1 1 1
Stirrer/day 28 29 30 33 34
Days/year 365 365 365 365 365
Stirrer/year 10220 10585 10950 12045 12410
Stirrer/pack 300 300 300 300 300
Pack/year 34 35 37 38 39
Cost ₱100.00 ₱100.00 ₱100.00 ₱100.00 ₱100.00
Total ₱3,400.00 ₱3,500.00 ₱3,700.00 ₱3,800.00 ₱3,900.00
Paper Cups
Item 2021 2022 2023 2024 2025
Projected Sales 50% 5% Increase
Capacity/Day 28 29 30 33 34
Cups/person 2 2 2 2 2
Cups/day 56 58 60 66 68
Days/year 365 365 365 365 365
Cups/year 20440 21170 21900 24090 24820
Cups/pack 100 100 100 100 100
Pack/year 204 212 219 241 248
Cost ₱100.00 ₱100.00 ₱100.00 ₱100.00 ₱100.00
Total ₱20,400.00 ₱21,200.00 ₱21,900.00 ₱24,100.00 ₱24,800.00
55
Note 9 – Permits and Licenses
56
Mayor’s Permit 15,415.00 2,000.00 2,000.00 2,000.00 2,000.00
Barangay Clearance 800.00 500.00 500.00 500.00 500.00
Occupancy Permit 600.00 0.00 0.00 0.00 0.00
VAT Registration 500.00 0.00 0.00 0.00 0.00
DTI Registration 515.00
Social Security System 1,500.00
Permits and Licenses ₱27,115.00 ₱3,000.00 ₱3,000.00 ₱3,000.00 ₱3,000.00
57
Secondary Ceiling:
4ft Cross Tee 278 85.00 23,630.00
2Ft Cross Tee 278 45.00 12,510.00
12ft Main Runner 300 185.00 55,500.00
Suspension Rod 450 12.00 5,400.00
Suspension Clip 85 12.00 1,020.00
0.6 x 0.6m Ceiling Boards 550 160.00 88,000.00
12ft Wall Angle 40 185.00 7,400.00
Flooring: Vinyl Tiles:
2mm 12" x 12" Vinyl Tiles 2,250 35.00 78,750.00
Vinyl Adhesive 13 850.00 11,050.00
Labor 245,710.00 245,710.00
Total ₱974,650.00
Note 11 – Furniture
58
Item 2021 2022 2023 2024 2025
Depreciation Expense ₱45,970.00 ₱45,970.00 ₱45,970.00 ₱45,970.00 ₱45,970.00
Accumulated Depreciation ₱45,970.00 ₱91,940.00 ₱137,910.00 ₱183,880.00 ₱229,850.00
Note 12 – Equipment
59
Staff 2021 2022 2023 2024 2025
Janitor ₱180,000.00 ₱182,400.00 ₱184,800.00 ₱187,200.00 ₱189,600.00
Janitorial Service ₱180,000.00 ₱182,400.00 ₱184,800.00 ₱187,200.00 ₱189,600.00
- Increase of Php 200 in base salary per year for the staff who are still serving the business.
Salary/Month
Partners 2021 2022 2023 2024 2025
Executive Director ₱10,000.00 ₱10,000.00 ₱10,000.00 ₱10,000.00 ₱10,000.00
Director for Finance ₱10,000.00 ₱10,000.00 ₱10,000.00 ₱10,000.00 ₱10,000.00
Director for Operations ₱10,000.00 ₱10,000.00 ₱10,000.00 ₱10,000.00 ₱10,000.00
Community Manager ₱10,000.00 ₱10,000.00 ₱10,000.00 ₱10,000.00 ₱10,000.00
2022
Staff Salary/Month SSS Pag-IBIG PhilHealth Total
Receptionist 1 ₱17,000.00 ₱1,360.00 ₱340.00 ₱300.00 ₱2,000.00
Receptionist 2 18,200.00 1,440.00 364.00 300.00 ₱2,104.00
60
Receptionist 3 16,400.00 1,320.00 328.00 300.00 ₱1,948.00
Technical Assistant 1 17,000.00 1,360.00 340.00 300.00 ₱2,000.00
Technical Assistant 2 18,200.00 1,440.00 364.00 300.00 ₱2,104.00
Technical Assistant 3 16,400.00 1,320.00 328.00 300.00 ₱1,948.00
Janitor 15,200.00 1,200.00 304.00 300.00 ₱1,804.00
Monthly 9,440.00 2,368.00 2,100.00 ₱13,908.00
13th Month Pay ₱118,400.00
2023 Employee Benefits ₱285,296.00
2023
Staff Salary/Month SSS Pag-IBIG PhilHealth Total
Receptionist 1 ₱17,200.00 ₱1,360.00 ₱344.00 ₱300.00 ₱2,004.00
Receptionist 2 18,400.00 1,480.00 368.00 300.00 ₱2,148.00
Receptionist 3 16,600.00 1,320.00 332.00 300.00 ₱1,952.00
Technical Assistant 1 17,200.00 1,360.00 344.00 300.00 ₱2,004.00
Technical Assistant 2 18,400.00 1,480.00 368.00 300.00 ₱2,148.00
Technical Assistant 3 16,600.00 1,320.00 332.00 300.00 ₱1,952.00
Janitor 15,400.00 1,240.00 308.00 300.00 ₱1,848.00
Monthly 9,560.00 2,396.00 2,100.00 ₱14,056.00
13th Month Pay ₱119,800.00
2024 Employee Benefits ₱288,472.00
2024
Staff Salary/Month SSS Pag-IBIG PhilHealth Total
Receptionist 1 ₱17,400.00 ₱1,400.00 ₱348.00 ₱300.00 ₱2,048.00
Receptionist 2 18,600.00 1,480.00 372.00 300.00 ₱2,152.00
Receptionist 3 16,800.00 1,360.00 336.00 300.00 ₱1,996.00
Technical Assistant 1 17,400.00 1,400.00 348.00 300.00 ₱2,048.00
Technical Assistant 2 18,600.00 1,480.00 372.00 300.00 ₱2,152.00
Technical Assistant 3 16,800.00 1,360.00 336.00 300.00 ₱1,996.00
Janitor 15,600.00 1,240.00 312.00 300.00 ₱1,852.00
Monthly 9,720.00 2,424.00 2,100.00 ₱14,244.00
13th Month Pay ₱121,200.00
2025 Employee Benefits ₱292,128.00
2025
Staff Salary/Month SSS Pag-IBIG PhilHealth Total
Receptionist 1 ₱17,600.00 ₱1,400.00 ₱352.00 ₱300.00 ₱2,052.00
Receptionist 2 18,800.00 1,520.00 376.00 300.00 ₱2,196.00
Receptionist 3 17,000.00 1,360.00 340.00 300.00 ₱2,000.00
Technical Assistant 1 17,600.00 1,400.00 352.00 300.00 ₱2,052.00
Technical Assistant 2 18,800.00 1,520.00 376.00 300.00 ₱2,196.00
61
Technical Assistant 3 17,000.00 1,360.00 340.00 300.00 ₱2,000.00
Janitor 15,800.00 1,280.00 316.00 300.00 ₱1,896.00
Monthly 9,840.00 2,452.00 2,100.00 ₱14,392.00
13th Month Pay ₱122,600.00
2026 Employee Benefits ₱295,304.00
62
Note 18 – Safety Equipment
64
III. Commercial Profitability
Income is often fused with profitability – but with one consequential distinction. While
income is a limitless measure, profitability is the relative one. It is the measure used to define the
extent of the business’ income in relative to its size. Profitability shows the measurement of
A. Financial Ratios
Liquidity
This is to measure the solvency to meet current obligations from current assets as a going concern.
This to measure the relative liquidity of total assets and distribution of resources.
65
Leverage
To measure the proportion of all assets that are finance with debt.
66
Profitability
To measure the profit earned after considering the total operating expenses.
To measure the profit earned after considering all of the expenses incurred.
67
6. Return on Equity = Net Income / Average Partner's Equity
Net Income ₱197,064.28 ₱284,388.58 ₱330,892.38 ₱572,689.53 ₱617,645.65
APE 3,597,064.28 5,579,985.00 5,903,071.67 6,491,207.39 7,245,197.80
0.05 0.05 0.06 0.09 0.09
B. Capital Budgeting
Payback Period
Using this method, it would take 3.51 years to recover the initial investment of the business.
68
Accounting Rate of Return
Net Income
2021 ₱197,064.28
2022 284,388.58
2023 330,892.38
2024 572,689.53
2025 617,645.65
Total 2,002,680.42
Average Net Income 400,536.08
Divide by Initial Investment ₱3,500,000.00
Accounting Rate of Return 11.44%
Accounting rate of return gives a clear picture of the profitability of the business. Using
Assuming that the minimum required rate of return is at 10%, it shows that the Net Present
69
Discounted Payback Period
1 ₱3,500,000.00 ₱1,753,622.87 1
2 1,746,377.13 577,296.35 1
3 1,169,080.78 363,548.90 1
4 805,531.88 518,555.56 1
5 286,976.33 478,340.11 0.60
Discounted Payback Period 4.60
Using the NPV cash flows, it would give us 4.60 years to recover the initial investment of
the business.
In finding the Internal Rate of Return, the Net Present Value should be equal or close to
zero. We used the trial and error method, starting with 12% and 13%, here are the PV of cash flows
of each rate:
At 13%:
70
At 12%:
At 12.7%:
At 12.6%:
We can conclude that the Internal Rate of Return of the business is between 12.6% and
12.7%. It meets the requirement of exceeding the Minimum Required Rate of Return at 10%.
71
Breakeven Analysis
72
C. Sensitivity Analysis
Scenario 1:
73
Work Hive Studio
Projected Sales of Printing Services
For the years ended 2021-2025
Max Max 2021 2022 2023 2024 2025
Price
Capacity Sales 70% 7% increase
Black and White
Short 250 ₱2.00 ₱6,000.00 ₱4,320.00 4,560.00 ₱4,800.00 ₱5,160.00 ₱5,520.00
A4 250 2.00 6,000.00 ₱4,320.00 4,560.00 4,800.00 5,160.00 5,520.00
Long 250 3.00 9,000.00 ₱6,480.00 6,840.00 7,200.00 7,740.00 8,280.00
Colored
Short 250 3.00 9,000.00 ₱6,480.00 6,840.00 7,200.00 7,740.00 8,280.00
A4 250 3.00 9,000.00 ₱6,480.00 6,840.00 7,200.00 7,740.00 8,280.00
Long 250 5.00 15,000.00 ₱10,800.00 11,400.00 12,000.00 12,900.00 13,800.00
Photocopying
Short 250 1.00 3,000.00 ₱2,160.00 2,280.00 2,340.00 2,580.00 2,760.00
A4 250 1.00 3,000.00 ₱2,160.00 2,280.00 2,340.00 2,580.00 2,760.00
Long 250 2.00 6,000.00 ₱4,320.00 4,560.00 4,680.00 5,160.00 5,520.00
Total ₱66,000.00 ₱47,520.00 ₱50,160.00 ₱52,560.00 ₱56,760.00 ₱60,720.00
74
Work Hive Studio
Projected Statement of Comprehensive Income
For the years ended December 31, 2021-2025
75
Comparison of Profitability Ratio
76
Scenario 2:
77
Comparison of Profitability Ratio
End of Chapter 5
78
CHAPTER 6
MANAGEMENT
This chapter will emphasize the internal organization of the business by identifying each
directors’ responsibilities and what the business is composed of. This will provide a clear
The creation of the Vision, Mission, and Core Values will be a great addition to remind the
company’s directors and employees of why they are there in the first place and how to continuously
nurture the business and the relationships established. This will also serve as a motivation to instill
I. Form of Ownership
The type of business organization shall be a general partnership. This will allow the
partners to contribute money, property or industry that will support the growth of the business.
They shall share profits and losses equally and absorb unlimited liability.
II. Administration
Each partner shall be given an administrative task to ensure the business’ management
control.
79
Name: Alyanna Darlene P. Isla
Description: She is in charge of overseeing the business as a whole by making sure to maintain
the effectiveness of it, providing its customers an environment well suited for them and to foster a
great workspace and ambiance for the employees. To be able to exercise these, her responsibility
is a mix of all the directors’ tasks. She coordinates with all of them to further strengthen their plans
Description: She oversees all finance-related work that the business needs. She must be
transparent in terms of the figures and must be able to provide evidence when questioned. She
must possess the skill to assess the business’ standing two to three years from the current year. She
must be ready with suggestions on how to solve the finance problem if one arises.
Description: Her work focuses more on the planning and monitoring of the daily operations of the
studio. She is also a decision-maker of the company since she sees all the work going around it.
She is suited to make the decisions that will be beneficial to the customers and the business with
80
Name: Erika Marie B. Arboleda
the coworking space to keep a harmonious workplace for the employees and clients. She is also
responsible for community engagement, creating networking initiatives, social events and local
partnerships. She will also be part of the decision-making needs of the business.
The company created a simple organizational chart mainly because the composition of the
Directors
Technical
Receptionist Janitor
Assistant
81
IV. Vision, Mission and Core Values
As stated earlier, the presence of these help boosts the productivity of the directors and
Vision: “To create a space that enables everyone to build endless possibilities.”
Support
Openness
Community
End of Chapter 6
82
CHAPTER 7
MANPOWER
In a Coworking Studio, the services needed rely within the usage of spaces, tables and
chairs, thus minimal manpower is needed. This will consist of only three (3) personnel; namely,
two (2) receptionist/technical assistant and one (1) janitor. This business will accommodate for
I. Employees
According to an article produced by Truity, “Receptionists are often the first employee of
an organization to have contact with a customer or client. They are responsible for making a good
first impression for the organization, which can affect the organization’s success”. They cater all
the queries and needs of the customer, so the business requires them to be equipped with great
personnel’ which means they may also do janitorial and technical services when one is not around.
The technical assistant must have a basic knowledge about electronics since he/she will
provide a solution whenever a technical problem arises. The studio will provide a photocopying
service which he/she must also handle. They are also an all-around employee.
The janitor is responsible for the cleanliness of the area. His work is at peak when the
spaces are occupied by many, therefore his assistance will not last for a full 24/7. If a janitorial
service is needed when the janitor is not present, the all-around employee (receptionist/technical
83
assistant) will pick up the job. Since he/she is the only employee that is not required to work for
As earlier mentioned, the wages appropriate for a 24/7 business is on an hourly rate. A table below
PM
Janitor 15,000/month
Annual costs:
84
II. Qualifications
Janitor
To be certain that the company will employ someone who can uphold the spirit of the Work
Hive Studio, a thorough employment process is applied. This is a job for the Director of
Operations. Social Media outlets (Indeed, JobStreet, Kalibrr, LinkedIn, and the like) will be used
1. The Director of Operations will gather all resumes submitted through various websites and/or
85
2. The Director of Operations will choose the applicants that best fit the qualifications of the
3. Those applicants will receive a text that will verify if they still want to apply for the position
4. Once interviewed, the Director of Operations will consult with the other directors for their
opinion.
5. After consulting, the Director of Operations will call the chosen applicants to inform them that
they are now employed and discuss to them certain requirements that are needed by the company.
6. Newly hired employees will be oriented and welcomed by all of the directors. They will be
continuously under supervision to check if they are doing their tasks properly.
Work Hive Studio, being a company that nurtures their staff, will allow its employees to
• When working overtime, an additional 25% (regular work day) or 30% (rest day,
• Premium Pay
Rest day and Special Holiday – An additional 50% on the hourly rate
• Holiday Pay – When working on a regular holiday, 200% of hourly wage is applied.
86
• When an employee stayed in the company for at least a year, they are entitled to a Service
• Every year an employee stays with the company, their monthly salary will be increased by
Php 200.
When an employee decides to resign, it will be put under review by the directors. They are
to receive a resignation pay and they must inform the company 1-month prior to search for a
replacement.
When an employee is terminated, there must have been a reason why. Possible scenarios
are:
• serious misconduct or willful disobedience by the employee of the lawful orders of his
• fraud or willful breach by the employee of the trust reposed in him by his employer or duly
authorized representatives;
• commission of a crime or offense by the employee against the person of his employer or
any immediate member of his family or his duly authorized representatives; and
An employee terminated because of the situations mentioned above are not to receive any pay.
End of Chapter 7
87
CHAPTER 8
SOCIAL DESIRABILITY
Businesses accumulate taxes that should be paid to the government. It includes income
taxes of employees and employers, property taxes, and business taxes. These taxes will be used to
fund government expenditures and that is why it benefits them if you establish a business here in
the Philippines. Without taxes, the government cannot operate. These taxes are used to pay the
salaries of government employees and other government related works to provide us with services
we need. Taxes are also used to construct roads, public parks, and other things that would enhance
our way of living. Taxes levied on business is vital to the survival of the government. Taxes are
proportionately taken from businesses depending on their capability of paying which means the
higher the income, the more taxes will be imposed that is why businesses are beneficial to the
government.
Opening a new business would increase the number of employments in the country. This
will make those that are unemployed have jobs and earn money which eventually will lead to
spending, therefore, increasing the consumer spending rate in the country. This will result into a
healthier overall local economy and will make businesses gain more sales. When there is a high
level of unemployment in the country, economic growth is low. Consumers most likely are hesitant
88
to buy more of what they need and want which will lead to less earnings for companies and less
economic growth which the government avoids. When consumers have jobs, they tend to pay their
debts and are capable to finance their health-related needs. This will make financial institutions in
the area to be more giving in terms of loan to consumers and businesses which will eventually
result to consumers spending a big amount of money on expensive things that they like. A cycle
of hiring employees, giving them their salaries, then employee-spending, is what positively affects
Businesses provide varieties of services for consumers. They provide more accessible and
area. The higher the standard-of-living, the more chance people will invest in properties. When
consumers spend huge amounts of money, it benefits the government due to taxes and economic
growth. An increase in services would also encourage foreigners to stay in our country for
vacations, etc. This will promote our tourism which the government would benefit as well.
Starting up new businesses in a country will increase the gross domestic product which
does the same with economic growth. It is also increased by consumer spending and business
investments. Opening businesses will increase consumer spending as said above. If a business is
successful, it will encourage investors to invest in that business which will increase economic
89
growth. More businesses established provides a great possibility of growth of investments and
spending by the people. An economy is like our ecosystem where money is the air we breathe. A
person breathes to inhale oxygen or to gain money and a person exhales to release carbon dioxide
or to spend money. It is important for any country to achieve a high gross domestic product rate
because a good economic standing will make foreign countries invest as well. By opening a new
business, it will allow us to serve more for the public, making services available for more
consumers to enjoy. The more money is moving, the greater impact it is to economic growth.
End of Chapter 8
90
SOURCES
2020
• Benefits https://www.coworkingresources.org/blog/the-economic-benefits-of-coworking
March 2020
• Contribution https://workspaceinasia.kmc.solutions/why-coworking-is-a-growing-trend-
• Marketing https://www.lyfemarketing.com/blog/importance-of-a-marketing-strategy/
analysis/
91
• Employee Benefits https://www.dayananconsulting.com
92
APPENDICES
Logo
93
94
Online Survey
95
96
97
98
99
Responses:
1 2 3 4 5 6
1 Employee Yes Individual Space 1 to 5 times per month 1 to 2 hours
2 Marco Hernando Employee No Individual Space More than 10 times per month 1 to 2 hours
3 Employee Yes Individual Space Only on an occasional drop in basis 1 to 2 hours
4 Employee Yes Individual Space Only on an occasional drop in basis 1 to 2 hours
5 Kate Orate Employee Yes Individual Space Only on an occasional drop in basis 1 to 2 hours
6 Deanne Dailo Employee Yes Individual Space Only on an occasional drop in basis 1 to 2 hours
7 Shirley arboleda Employee No Individual Space 1 to 5 times per month 1 to 2 hours
8 Diane Employee No Individual Space Only on an occasional drop in basis 1 to 2 hours
9 Employee Yes Individual Space Only on an occasional drop in basis 1 to 2 hours
10 Patricia Manese Employee No Individual Space 1 to 5 times per month 1 to 2 hours
11 Employee No Individual Space 1 to 5 times per month 1 to 2 hours
12 Employee No Individual Space Only on an occasional drop in basis 1 to 2 hours
100
13 Employee Yes Individual Space Only on an occasional drop in basis 1 to 2 hours
14 Employee Yes Individual Space Only on an occasional drop in basis 1 to 2 hours
15 Freelancer Yes Individual Space 1 to 5 times per month 1 to 2 hours
16 Freelancer No Individual Space 1 to 5 times per month 1 to 2 hours
17 Self-Employed Yes Individual Space 1 to 5 times per month 1 to 2 hours
18 Self-Employed No Individual Space 1 to 5 times per month 1 to 2 hours
19 Self-Employed Yes Individual Space Only on an occasional drop in basis 1 to 2 hours
20 BJ Student No Individual Space 1 to 5 times per month 1 to 2 hours
21 Student No Individual Space Only on an occasional drop in basis 1 to 2 hours
22 Student No Individual Space Only on an occasional drop in basis 1 to 2 hours
23 Student No Individual Space 1 to 5 times per month 1 to 2 hours
24 Student Yes Individual Space 1 to 5 times per month 1 to 2 hours
25 Jan Student Yes Individual Space Only on an occasional drop in basis 1 to 2 hours
26 Student No Individual Space Only on an occasional drop in basis 1 to 2 hours
27 Student Yes Individual Space 1 to 5 times per month 1 to 2 hours
28 Student Yes Individual Space Only on an occasional drop in basis 1 to 2 hours
29 Student Yes Individual Space 1 to 5 times per month 1 to 2 hours
30 Employee No Individual Space Only on an occasional drop in basis 3 to 5 hours
31 Employee Yes Individual Space Only on an occasional drop in basis 3 to 5 hours
32 Arroyo Employee No Individual Space 1 to 5 times per month 3 to 5 hours
33 Employee Yes Individual Space Only on an occasional drop in basis 3 to 5 hours
34 Christan Employee No Individual Space Only on an occasional drop in basis 3 to 5 hours
35 Kalvin Employee Yes Individual Space 1 to 5 times per month 3 to 5 hours
36 Employee Yes Individual Space Only on an occasional drop in basis 3 to 5 hours
37 Employee Yes Individual Space 1 to 5 times per month 3 to 5 hours
101
38 Employee Yes Individual Space 1 to 5 times per month 3 to 5 hours
39 Employee Yes Individual Space 1 to 5 times per month 3 to 5 hours
40 Rowel Hamtig Self-Employed Yes Individual Space More than 10 times per month 3 to 5 hours
41 Self-Employed Yes Individual Space 6 to 10 times per month 3 to 5 hours
42 Student No Individual Space 6 to 10 times per month 3 to 5 hours
43 Student Yes Individual Space 6 to 10 times per month 3 to 5 hours
44 Barbs Student Yes Individual Space 6 to 10 times per month 3 to 5 hours
45 Student No Individual Space Only on an occasional drop in basis 3 to 5 hours
46 Student Yes Individual Space 6 to 10 times per month 3 to 5 hours
47 Student Yes Individual Space 6 to 10 times per month 3 to 5 hours
48 Student No Individual Space More than 10 times per month 3 to 5 hours
49 Student Yes Individual Space 1 to 5 times per month 3 to 5 hours
50 Piolo Student No Individual Space 1 to 5 times per month 3 to 5 hours
51 Student No Individual Space 1 to 5 times per month 3 to 5 hours
52 Student No Individual Space Only on an occasional drop in basis 3 to 5 hours
53 Employee Yes Individual Space 1 to 5 times per month 6 hours or more
54 Malu Tabudlong Employee Yes Individual Space 6 to 10 times per month 6 hours or more
55 Employee Yes Individual Space 6 to 10 times per month 6 hours or more
56 Employee No Individual Space More than 10 times per month 6 hours or more
57 Jose Canlas Employee Yes Individual Space Only on an occasional drop in basis 6 hours or more
58 Freelancer Yes Individual Space More than 10 times per month 6 hours or more
59 Freelancer Yes Individual Space More than 10 times per month 6 hours or more
60 Self-Employed Yes Individual Space 6 to 10 times per month 6 hours or more
61 Rose Student Yes Individual Space 1 to 5 times per month 6 hours or more
62 Harris Lorenzo Student Yes Individual Space 6 to 10 times per month 6 hours or more
102
.7
1 Wifi
2 Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food
3 Events/programs/education
4 Printing/Photocopying/Scanning, Wifi
5 Printing/Photocopying/Scanning, Wifi, Beverage and Food
6 Printing/Photocopying/Scanning
7 A conference room with projector
8 A conference room with projector
9 Events/programs/education, Wifi, Beverage and Food
10 Wifi, Beverage and Food
11 Printing/Photocopying/Scanning, Wifi, Laptop Rentals
12 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
13 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, 24-hour access
14 Printing/Photocopying/Scanning, Wifi, Laptop Rentals, 24-hour access
15 Events/programs/education, Printing/Photocopying/Scanning, Wifi, Beverage and Food, 24-hour access
16 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
17 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals
18 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
19 Events/programs/education, Printing/Photocopying/Scanning, Wifi, Beverage and Food
20 A conference room with projector, Printing/Photocopying/Scanning, Wifi, Beverage and Food
21 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
22 Printing/Photocopying/Scanning, Wifi, Beverage and Food, 24-hour access
23 A conference room with projector, Wifi, 24-hour access
24 Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, 24-hour access
25 Wifi
26 A conference room with projector, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
27 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Beverage and Food
28 Events/programs/education, Printing/Photocopying/Scanning, Wifi, Beverage and Food
29 A conference room with projector, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
30 24-hour access
103
31 A conference room with projector, Printing/Photocopying/Scanning, Wifi, Beverage and Food, 24-hour access
32 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Beverage and Food, 24-hour access
33 A conference room with projector, 24-hour access
34 Printing/Photocopying/Scanning, Wifi
35 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, 24-hour access
36 A conference room with projector, Wifi, Laptop Rentals
37 Printing/Photocopying/Scanning, Wifi, 24-hour access
38 A conference room with projector, Wifi, Laptop Rentals, 24-hour access
39 Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
40 Beverage and Food
41 A conference room with projector, Printing/Photocopying/Scanning, Wifi, 24-hour access
42 A conference room with projector, Printing/Photocopying/Scanning, Wifi, Beverage and Food, 24-hour access
43 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
44 A conference room with projector, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
45 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
46 Printing/Photocopying/Scanning, Wifi, Beverage and Food, 24-hour access
47 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
48 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
49 Printing/Photocopying/Scanning, Wifi, 24-hour access
50 Events/programs/education, Wifi
51 Wifi, Beverage and Food
52 Printing/Photocopying/Scanning, Wifi, Laptop Rentals
53 Wifi
54 Beverage and Food
55 Events/programs/education
56 Wifi, Beverage and Food, 24-hour access
57 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food
58 Printing/Photocopying/Scanning, Wifi, 24-hour access
59 Printing/Photocopying/Scanning, Wifi, Beverage and Food, 24-hour access
60 Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
61 Beverage and Food, 24-hour access
62 Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
104
8 9 10
Php 100 per
1 hour Ambiance
2 Php 80 per hour Ambiance
3 Php 80 per hour Ambiance
4 Php 80 per hour Ambiance
5 Php 90 per hour Ambiance
Php 100 per
6 hour Location
7 Php 80 per hour Location None
8 Php 80 per hour Location
9 Php 80 per hour Location
Php 100 per
10 hour Location, Ambiance
11 Php 80 per hour Price, Location, Ambiance, Customer Service coffee
12 Php 80 per hour Price, Location, Ambiance, Customer Service
13 Php 80 per hour Price, Location, Ambiance, Customer Service
14 Php 80 per hour Price, Location, Ambiance, Customer Service
Php 100 per
15 hour Ambiance, Customer Service
16 Php 80 per hour Price, Location, Ambiance, Customer Service
17 Php 80 per hour Price, Ambiance
18 Php 80 per hour Price, Location, Ambiance, Customer Service
19 Php 80 per hour Price, Location, Ambiance, Customer Service
Php 100 per
20 hour Ambiance
21 Php 80 per hour Ambiance
22 Php 90 per hour Ambiance
23 Php 80 per hour Price
24 Php 90 per hour Price, Location
25 Php 90 per hour Price, Location
26 Php 80 per hour Price, Location, Ambiance
Php 100 per
27 hour Price, Location, Ambiance, Customer Service
Php 100 per
28 hour Price, Location, Ambiance, Customer Service
105
29 Php 80 per hour Price, Location, Ambiance, Customer Service
30 Php 80 per hour Ambiance
Php 100 per
31 hour Location
Php 100 per
32 hour Location, Ambiance
33 Php 80 per hour Location, Ambiance
34 Php 90 per hour Location, Ambiance
35 Php 90 per hour Location, Ambiance, Customer Service
36 Php 80 per hour Price
37 Php 80 per hour Price, Location, Ambiance
Php 100 per
38 hour Price, Location, Ambiance, Customer Service
Php 100 per
39 hour Price, Location, Ambiance, Customer Service
40 Php 80 per hour Ambiance
41 Php 90 per hour Price, Location
42 Php 80 per hour Ambiance, Customer Service
Php 100 per
43 hour Location, Ambiance
Php 100 per
44 hour Price, Location, Ambiance
Php 100 per
45 hour Price, Location, Ambiance, Customer Service
46 Php 80 per hour Price, Location, Ambiance, Customer Service
47 Php 80 per hour Price, Location, Ambiance, Customer Service
48 Php 80 per hour Price, Location, Ambiance, Customer Service
49 Php 90 per hour Price, Location, Ambiance, Customer Service
50 Php 90 per hour Price, Location, Customer Service Is this also applicable for architecture students?
51 Php 90 per hour Price, Location, Customer Service
52 Php 90 per hour Price, Location, Customer Service
53 Php 80 per hour Location
54 Php 80 per hour Location
55 Php 90 per hour Location
56 Php 80 per hour Price, Location, Ambiance, Customer Service
57 Php 80 per hour Price, Location, Ambiance, Customer Service This is ok for freelance jobs and/or work from home jobs.
106
Php 100 per
58 hour Location, Ambiance, Customer Service
Php 100 per
59 hour Price, Location, Ambiance, Customer Service
60 Php 80 per hour Location, Ambiance
61 Php 80 per hour Price, Ambiance
62 Php 80 per hour Price, Location, Ambiance
1 2 3 4 5 6
1 Employee Yes Common Room 1 to 5 times per month 1 to 2 hours
2 Employee Yes Common Room Only on an occasional drop in basis 1 to 2 hours
3 Employee No Common Room 1 to 5 times per month 1 to 2 hours
4 Employee Yes Common Room 1 to 5 times per month 1 to 2 hours
5 Employee No Common Room Only on an occasional drop in basis 1 to 2 hours
6 Freelancer No Common Room Only on an occasional drop in basis 1 to 2 hours
7 Shawn Hulk K. Rosimo Freelancer No Common Room 1 to 5 times per month 1 to 2 hours
8 Student Yes Common Room 1 to 5 times per month 1 to 2 hours
9 Student No Common Room More than 10 times per month 1 to 2 hours
10 Student Yes Common Room 1 to 5 times per month 1 to 2 hours
1 Employee Yes Common Room 6 to 10 times per month 3 to 5 hours
2 Mark Hernandez Employee Yes Common Room Only on an occasional drop in basis 3 to 5 hours
3 Employee No Common Room More than 10 times per month 3 to 5 hours
4 Rj Sobrang Pogi Employee No Common Room 6 to 10 times per month 3 to 5 hours
5 Employee Yes Common Room Only on an occasional drop in basis 3 to 5 hours
6 Employee Yes Common Room Only on an occasional drop in basis 3 to 5 hours
7 Student Yes Common Room Only on an occasional drop in basis 3 to 5 hours
8 Student Yes Common Room Only on an occasional drop in basis 3 to 5 hours
9 Student Yes Common Room 1 to 5 times per month 3 to 5 hours
10 Student Yes Common Room 1 to 5 times per month 3 to 5 hours
1 Student Yes Common Room More than 10 times per month 6 hours or more
2 Student Yes Common Room 6 to 10 times per month 6 hours or more
7
107
1 Events/programs/education
2 Events/programs/education, Beverage and Food, 24-hour access
3 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food
4 A conference room with projector
5 Printing/Photocopying/Scanning, Wifi, Beverage and Food, 24-hour access
6 Wifi
7 A conference room with projector, Events/programs/education, Wifi, Beverage and Food, 24-hour access
8 Wifi
9 Printing/Photocopying/Scanning, Wifi, Beverage and Food
10 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
1 Printing/Photocopying/Scanning, Wifi, Beverage and Food
2 Wifi
3 Wifi, Laptop Rentals, 24-hour access
4 Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food
5 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
6 Printing/Photocopying/Scanning, Wifi, 24-hour access
7 A conference room with projector, Printing/Photocopying/Scanning, Wifi, Beverage and Food, 24-hour access
8 A conference room with projector, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
9 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
10 A conference room with projector, Printing/Photocopying/Scanning, Beverage and Food, 24-hour access
1 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, 24-hour access
2 Wifi, Beverage and Food, 24-hour access
8 9 10
1 Php 90 per hour Ambiance
Php 100 per
2 hour Customer Service
3 Php 80 per hour Price
4 Php 80 per hour Price No
5 Php 90 per hour Price, Location, Ambiance, Customer Service
6 Php 80 per hour Ambiance
Php 100 per
7 hour Price, Location, Ambiance
8 Php 90 per hour Ambiance
108
9 Php 90 per hour Ambiance
10 Php 80 per hour Price, Location, Ambiance, Customer Service
Php 100 per
1 hour Customer Service
2 Php 90 per hour Location
3 Php 80 per hour Price, Ambiance
4 Php 90 per hour Price, Location, Ambiance, Customer Service
5 Php 90 per hour Price, Location, Ambiance, Customer Service
6 Php 90 per hour Price, Location, Ambiance, Customer Service
Php 100 per
7 hour Ambiance
8 Php 80 per hour Ambiance, Customer Service
9 Php 80 per hour Price, Location, Ambiance
10 Php 80 per hour Price, Location, Ambiance, Customer Service
Php 100 per
1 hour Price, Location, Ambiance, Customer Service
2 Php 80 per hour Price, Location, Ambiance, Customer Service
1 2 3 4 5 6
1 Jay Ann Aganan Employee No Discussion Room 1 to 5 times per month 1 to 2 hours
2 Richard Bautista Employee Yes Discussion Room 1 to 5 times per month 1 to 2 hours
3 Employee No Discussion Room 1 to 5 times per month 1 to 2 hours
4 Sarski Employee Yes Discussion Room 1 to 5 times per month 1 to 2 hours
5 Student Yes Discussion Room Only on an occasional drop in basis 1 to 2 hours
6 Student Yes Discussion Room 1 to 5 times per month 1 to 2 hours
7 Employee No Discussion Room 1 to 5 times per month 3 to 5 hours
8 Employee Yes Discussion Room Only on an occasional drop in basis 3 to 5 hours
9 Regie Pinat Employee Yes Discussion Room 6 to 10 times per month 3 to 5 hours
10 Ange Employee Yes Discussion Room 6 to 10 times per month 3 to 5 hours
11 ADDY PARRENO Employee Yes Discussion Room Only on an occasional drop in basis 3 to 5 hours
12 Employee Yes Discussion Room 1 to 5 times per month 3 to 5 hours
13 Employee Yes Discussion Room Only on an occasional drop in basis 3 to 5 hours
14 Student Yes Discussion Room Only on an occasional drop in basis 3 to 5 hours
15 Student Yes Discussion Room 1 to 5 times per month 3 to 5 hours
16 Employee Yes Discussion Room 1 to 5 times per month 6 hours or more
109
7
1 Events/programs/education
2 Printing/Photocopying/Scanning, Wifi, 24-hour access
3 Events/programs/education, Wifi, Beverage and Food, 24-hour access
4 A conference room with projector, Wifi, 24-hour access
5 Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food
6 A conference room with projector, Events/programs/education, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food
7 A conference room with projector
8 24-hour access
9 Wifi, Beverage and Food, 24-hour access
10 Wifi, 24-hour access
11 A conference room with projector, Laptop Rentals, Beverage and Food, 24-hour access
12 A conference room with projector, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, 24-hour access
13 A conference room with projector, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, 24-hour access
14 Printing/Photocopying/Scanning, Wifi, Laptop Rentals, Beverage and Food, 24-hour access
15 A conference room with projector, Printing/Photocopying/Scanning, Wifi, Laptop Rentals, 24-hour access
16 Printing/Photocopying/Scanning, Wifi, Beverage and Food, 24-hour access
8 9 10
1 Php 80 per hour Customer Service
2 Php 90 per hour Location, Ambiance
Php 100 per
3 hour Location, Ambiance, Customer Service
4 Php 80 per hour Price, Location, Ambiance, Customer Service
5 Php 80 per hour Price, Location
6 Php 80 per hour Price, Location, Ambiance, Customer Service
7 Php 80 per hour Ambiance
8 Php 80 per hour Location, Ambiance
9 Php 80 per hour Price, Ambiance
10 Php 90 per hour Price, Location
11 Php 80 per hour Price, Location, Ambiance, Customer Service
110
12 Php 90 per hour Price, Location, Ambiance, Customer Service
13 Php 90 per hour Price, Location, Ambiance, Customer Service
14 Php 80 per hour Ambiance
15 Php 80 per hour Price, Location, Ambiance
16 Php 90 per hour Price, Location, Ambiance, Customer Service
111