Chapter 1

BACKGROUND OF THE STUDY

Introduction START FROM THE MACRO TO MICRO THAT GIVES AN

OVERVIEW OF RESEARCH …. OWN WORDS

Duck is one of the most versatile poultry species under various climatic

and nutritional conditions. This duck specialty in the Angono Rizal branch will

developed and promote the Philippines delicacy to other people familiar with

what duck can promote in our country. Duck specialty will advertise the Filipino

culture, which will help people recognize more about Filipino delicacies. The duck

specialty will serve a duck specialty cuisine that people may buy in a restaurant

in Angono, Rizal. Despite the popular association of the consumption of fertilized

duck eggs or incubated eggs with Filipino cuisine, it has been documented to

have existed and been continuously patronized in many Asian countries (Arthur,

2013). PARAPHRASE

Traditionally, fried duck has become popular because of its natural

wonders, people, and food. Furthermore, to submerge in and experience their

unique cultures, one should be open to their breathtaking sights and culinary

specialties. So, when visiting countries, let choose local and hard-to-find cuisines

over globalized fast-food chains (Magat, 2019). PARAPHRASE

Some duck poultry farms care for and raise their ducks’ using antibiotics.

However, Duck House Farm will employ the conventional and natural method of

broiling ducks to deliver high-quality duck products free from chemical

modification. The researchers employed a cost-plus-markup technique to

 2

determine the prices of the goods and services while also considering the prices

of rivals. The researchers will leverage the internet through its website and

Facebook page for its promotional efforts. Additionally, the business will print

materials like fliers and tarps. IMPROVE THE WRITE UP

The proponents of this business will highlight the development and

improvement of duck as a cuisine specialty that will be established in Angono,

Rizal. Duck as a cuisine specialty will significantly impact all people who know

only about the use of duck eggs. Duck, or duckling, is the meat of several

species of bird in the family Anatidae, found in both fresh and salt water. Duck is

eaten in many cuisines around the world. It is a high-fat, high-protein meat rich in

iron. Duck meat has a tender texture and strong flavor, making it a delicacy

among game lovers for millennia. Duck is used in a variety of cuisines around the

world and is an ingredient in dishes such as fesenjān, confit, ballotine, Bebek

Betutu, gumbo, adobo, Peking duck, and more. IMPROVE THE WRITE UP

The bird gained even more popularity in Oriental Chinese cuisine due to

its medicinal properties; the Chinese believe duck meat can relieve colds,

phlegm, and even kidney disorders. On the other hand, some Filipino restaurants

still serve duck meat. It wants to convey that every Filipino should learn to eat

duck meat because it has more nutrients than other meats. WHAT PROMPTED

YOU TO CONDUCT THE STUDY?

Background Information ADD MORE LITERATURE AND STUDIES

PROPERLY ACKNOWLEDGE THE REFERENCES

 3

A duck is an extravagance of sorts. It is rare to have duck at home, and

most only enjoy it in traditional Chinese restaurants instead due to its high price.

The tender and juicy duck meat has had people’s mouths watering for centuries.

Its rich taste is unlike any other meat and deserves a recipe that can bring out its

uniqueness. Moreover, with an abundance of mouthwatering flavors, protein, or

whole stewed duck, it is a dish beyond compare.

Duck raising for commercial purposes is a lucrative livestock industry in

the Philippines. The native Pateros duck, commonly called itik, is the most

popularly raised locally. Although smaller than the imported breed of ducks, they

are good layers and non-sitters. The Philippine duck industry is valued at PHP

5.1 billion and serves as a livelihood source for more than 500 thousand families.

The products from ducks are duck eggs and duck meat. For duck meat, there are

Pekin, Muscovy, and culled layers. A total of 11.8 million ducks were reported by

PSA for 2020, of which 7.8 million were grown on backyard farms and 4 million

were grown commercially.

With the introduction of commercial duck feeds, duck farmers who are

geographically far from fresh bodies of water could also start and maintain their

farm businesses. In 2018, commercial duck farms increased by 5.59%, while

backyard farms only increased by 2.89%. Consequently, duck farming in the

Philippines may be classified into small-scale, backyard, and commercial. Its

main point of comparison depends on the number of duck heads, regardless of

their breed. Unless otherwise stated, it is considered commercial when the farm

has more than 100 heads of duck. Small-scale producers have also long
 4

dominated the duck industry in the nation. It was estimated that about three-

quarters of duck egg producers are small-scale and mainly found in rural areas

(PSA, 2017).

On the other hand, the duck dish offers nutrients like protein for

maintaining the health of your skin, muscles, and blood; B vitamins assist with

many bodily processes; iron is necessary for the body to produce energy and

growth; and omega-3 fatty acids can help to prevent chronic diseases, such as

various types of cancer.

It will benefit all communities in Angono, Rizal, and entrepreneurs out

there to have a cultural and local product that is both quality and nutritious.

Objectives of the Project

This study aimed to determine the feasibility and viability of establishing a

duck specialty in Angono, Rizal.

The specific objectives are as follows: ADD MORE

1. To produce a duck specialty dish that provides nutrients can help to prevent

diseases, including various types of cancer.???

2. To introduce an affordable but more innovative and creative dish of duck.

3. To provide a clean and sustainable dish.

4. To create employment for the residents of Angono, Rizal

5. To improve and be consistent is the best practice for the business.

6. To aid the local government by supporting its activities for enterprises

WILL YOU BE ABLE TO ACCOMPLISH THESE?

 5

Importance of the Project

This section briefly describes the various significances of the project

given. This study benefits potential entrepreneurs because it will guide them to

understand the various aspects of product creation and distribution.

The farmers. The proposed study helps the farmers to produce more

ducks.

The community. It provides a job opportunity and acts as a source of

income.

The customers. The study benefits the consumers by offering researchers

unique dishes at a reasonable price.

The investors. If the business continues, this anticipates the investors to

venture into another business to generate income.

The entrepreneurs. These act as a guide for them to understand the

various aspects of product creation and distribution. These are other businesses

that help the local government generate additional income.

The researchers. This study helps them acquire new skills and knowledge

that they can use in their profession and keep up with the realities of the

business industry.

The future researchers. This study guides them to understand the various

components of product creation and distribution.

Scope and Limitations SIMPLY AND WRITE UP

The study aimed to establish a duck specialty business in Angono, Rizal,

and provide customers with an innovative dish since many people are searching
 6

for a new taste in goods. The duck specialty is a unique product for the residents

of Angono, Rizal. The researchers were given time to complete their studies in

2022-2023.

The business offers the different dishes that complete one's meal, such as

spicy duck caldereta, fried itik, adobong laman-loob, duck sisig, duck Shanghai,

and duck veggies salad. The restaurant would be at 127 Quezon Ave. Angono,

Rizal. The business needs at least 30 square meters of space. The space would

be renovated to provide the physical facilities needed for the business: areas for

production, storage, restrooms, dining, and transactions. The researchers believe

that the business would yield positive results because there is always an influx of

people doing transactions in schools, supermarkets, convenience stores, and

other small businesses surrounding the area. SIMPLY AND WRITE UP

The business's personnel are the three (3) researchers with all-around

business activities, with 210,000 pesos as a start-up amount for opening the

business. The business would operate from ten (10) o'clock in the morning to

nine (9) o'clock in the evening from Monday to Sunday. The business's

promotional methods include word-of-mouth and online marketing; giving loyalty

cards to valued customers and offering discounts are considered promotional

strategies. This business is not limited because it is available to all tourists and

residents of Angono, Rizal.

Definition of Terms

In this study, the following terms are defined and discussed for better

understanding:
 7

Affordable. It refers to the item's price being so low that they (or most

people) can afford it. Financially able to buy anything that they could agree to

accept.

Business. A business that sells products or services for a profit. A

business engaged in commercial, industrial, or professional activities.

Customers. This phrase refers to a person who purchases from another

person or business.

Dish. It describes a certain kind of food consumed as a meal. It uses

culinary preparation to prepare, serve, or consume food.

Duck. Any of the several species of aquatic birds with a flat beak, short

neck, hefty body, short legs, and webbed feet.

Investor. It describes a person who invests money in a company to turn a

profit and distributes cash, hoping to earn a profit afterward.

Restaurant. In this study, this term refers to a business that prepares and

serves food to customers. Meals are generally served and eaten in a place

where people pay to sit and eat meals that are cooked and served.

Researcher. It describes someone who researches a topic, usually to

learn something new or come to a new understanding.

Viability. It describes a thing's capacity to sustain itself and appear in its

final form, whether living or not.

 Chapter 2

MANAGEMENT, PROPONENTS, PERSONNEL, AND ORGANIZATION

Management is the processing of things done through people, the process

of planning, staffing, directing, and controlling in order to achieve business goals.

The business's success is determined by producing high-quality products and

understanding management principles and how to implement them.

The management aspect involves a precise role of responsibilities and

tasks, the flow of authority, and the labor requirements are all part of the

management element. To do the management must be able to organize all

operations needed for the organization to become productive and competitive.

Management Complement and Supporting Professional Firms

During the Pre-Operating Period

The researchers conducted a feasibility study during pre-operating to test

if the product would be profitable. The researchers gathered data from related

research on the Internet and interviews conducted to provide concrete and

reliable information.

To start the business, the business finances must be aware and planned

during this period. The proponents would contribute equally, and the fund will be

used to purchase tools, ingredients, equipment, and furniture for physical store

renovation. Registration of essential documents such as permits, licenses, and

certificates required for the operation of the business and to government

agencies like SEC, DOLE, SSS, PhilHealth, and BIR for the contribution of tax is
 9

mandatory. Securing the mayor's permit, community tax, food handlers' health

certificates, and barangay clearance are also necessary during this period.

The proponents would need the help of many agencies and organizations

to ensure the safety and quality of the product. The organizations listed here are:

Bureau of Internal Revenue (BIR) - regulates finance, taxation, and monetary

policy in the country and collects internal revenue taxes, fees, and charges in a

business.

 Department of Labor and Employment (DOLE) - is the national

government agency mandated to formulate policies, implement programs,

and serve as the executive branch's policy-coordinating arm in labor and

employment.

 The Securities and Exchange Commission (SEC) - is the national

government regulatory agency charged with supervising the corporate

sector, the capital market participants, the securities and investment

instruments market, and the protection of the investing public.

 Local Government Unit (LGU) - responsible for issuing a mayor's permit or

municipal license from the city or municipality where the business is

located. Permits or licenses are required to ensure that the standards are

reached and that the business complies with the specific requirements of

the business locale.

During the Operating Period

During the actual production period, all qualified applicants will be given

proper orientations and training according to their positions to effectively and

 10

efficiently run the business. Employees would be taught the step-by-step

procedure of how to prepare and cook the different duck specialties. Continuous

product promotion is continuing, as it meets the customer demands to ensure

customer satisfaction.

Proponents

Owners

The proposed business will be owned by Ms. Gem D. Salvador, Ms.

Patricia Noreen A. Angeles, and Mr. Jhonnel Vertucio. They have enough funds

to finance the business that each makes a seventy thousand pesos (P70,000.00)

contribution, for a total of two hundred ten thousand pesos (P210,000.00). They

established the business with the help of their family and their savings. Each

owner contributes to the organization with money, skills, experience, time, and

effort.

Project Originator, Promoters and Founders

The proponents are the project originator, promoters, and founders

responsible for the business's overall management. The project originator shall

suggest an action to attain the program plan’s objectives—promoters who assist

with funds for a specific investment. Founders are responsible for the business,

locating and investing resources to establish and succeed.

Personnel Workforce

The owner’s or employee’s role is to motivate his employees to do their

work, coordinate with them, and bring all the work together to fulfill the objectives
 11

of the business. One factor that contributes to business success is establishing a

connection between the owners and employee’s

During the Pre-Operating Period

During the pre-operating period, the renovation of small space rental

facilities shall be completed, and the owner must be familiar with the business

and its operations. The business permits, the owners will prepare tools and

equipment needed in the business.

Table 2.1

Personnel during the Pre-Operating Period

Personnel Duties and Responsibilities No. of

workers

• In charge of financing the business.

• Responsible for securing permits, and licenses,
and purchasing equipment and materials
needed in production.
Owner • In charge of the operation, marketing, and 1
financial aspect of the business.

• Responsible for the improvement of the place

Carpenter that serve as the location of the business. 1

The table above shows that the owners supervise and monitor the

business in the pre-operating period, and the Carpenter is responsible for

improving the place.

During the Operating Period

 12

During this period, the actual production and good management take place

during this time. The restaurant has a dine-in, take-out, and also delivery app.

Personnel are hired and assigned based on their ability to carry out the tasks.

Operation This is when the business's actual operations and production occur.
 13

Table 2.2

Personnel Workforce during the Operating Period

Positions Duties and Qualification No. of Wage / Total

Responsibilities Personnel Per Rate

Required Day

Owner  Accomplishes  Competent

financial  Hard deeper
objectives by knowledge of
forecasting financial planning
requirements,  Quality Management 1 550 550
preparing an
annual budget,
scheduling
expenditures.
 Financing the
business.

Manager  Responsible for  Strong leadership

planning and quality
organizing the  Time Management
day-to-day skills.
operation of the  Critical thinking and 1 520 520
business. problem-solving
 Providing skills.
excellent  Efficiency
customer
service,
answering
questions, and
handling
complaints from
clients.
 Monitor the
efficiency of the
production line.
 14

Production  Assemble and  Physical ability to 1 500 500

prepare goods. complete job duties
 Complete quality  Ability to follow
assurance directions accurately
testing on goods  Attention to details
and products. and organization
Delivery skills

Man  Deliver a wide  Valid driver’s license 1 479 479

variety of items issued by the state
to different where you intend to
addresses and work.
through different  Exceptional
routes. customer service
 Collect payments skills. Punctual and
reliable.

The table shows the function and number of employees during the

operating period.

Organization for the Operating Period

Form of Business Organization

The proponents choose the forms of business as a partnership. Each

partner receives a share of the partnership and agrees to share equally in all

assets, profits, financial, and legal matters. The management chose this kind of

business organization because it is easy to set up since it requires only a few

legal documents. are responsible for all aspects of management. The proprietors

will be responsible for all financial and operational affairs of the business and

should commit responsibly to achieving the business's overall objectives.

 15

Internal Organization Structure

An organizational structure is used to determine activities inside the

business by dividing duties and responsibilities among each role. It is structured

to define the business's functions and processes.

Owner

Production Manager Delivery Man

Figure 2.1

Project Implementation Timetable

The project implementation table would serve as a basis for the

proponents throughout the process. During the pre-operating period, the

business shall accomplish the activities listed in the timetable to formally begin

operations.
 16

Table 2.3

Project Implementation Timetable

Activities Covered Months Number of

Months

Conducting Feasibility Study October-April 6 months

Obtaining resources of financing April 1 month

and acquisition of suitable location

Securing of Permits and Licenses May 1 month

Construction of the restaurant June 1 month

Hiring and training employees July 2 weeks

Promotion of the business using July 2 weeks

traditional marketing and social
marketing

Start of normal operation August

 103

Chapter 3

MARKETING

Marketing is performing market research, advertising, selling, and

distributing goods and services. This part then would elaborate on the study's

marketing projections, strategies, and program.

According to the American Marketing Association (2021), marketing is “the

activity, set of institutions, and processes for creating, communicating, delivering,

and exchanging offerings that have value for customers, clients, partners, and

society.”

Marketing encompasses all steps needed to get a product or service from

the company to the customer. This chapter discusses the projected demand for

the product and its supply for the next five years, competitors’ share, pricing, and

the marketing program the business will apply in product distribution.

Demand

The lumen learnings define demand as the amount of a good or service

that consumers can purchase at each price. In other words, demand is the

consumer's desire and ability to purchase a good or service. To establish the

demand, researchers analyze the competitors and look at competitors' products

and services, pricing, marketing strategies, and customer reviews; it will give an

idea of how the product compares and if there is room for that product in the

market. Also, test with a small group of potential customers; this will give

valuable feedback on the product's viability and help identify any areas for

improvement.
 18

Table 3.1

Projected Number of Tourist Arrival in Angono, Rizal in 5 years

Year Projected Tourist Arrival

2023 372,647

2024 378, 609

2025 384,571

2026 390,533

2027 396,495

*Source Office of Angono Tourism

The table shows the total number of projected tourist arrivals in Angono,

Rizal, for the next five years, with an increase of 1.60% per year. These is

needed to accentuate the increase in tourist arrival reflective of the purchases

and demands in Angono, Rizal.

This part of the study includes the value of duck specialty, ingredients, and

demand projection in the Angono, Rizal since this is one of the most integral

cuisines of this province, which tourists appreciate.

The respondents of the study are also considered the target market. They

were chosen based on their availability and if they meet the qualifications of the

study’s purpose, entailing that they are tourist going to Angono, Rizal.
 19

Figure 3.1

Consumer’s Willingness to Buy Duck Specialty

The figure shows the percentage of people willing to buy Duck Specialty.

Based on the survey, 149 out of 150 respondents like to try Duck Specialty, and

the one of the respondent, is not willing to buy Duck Specialty. That implies that

the product is in high demand.

Table 3.2

Projected Demand of Duck Specialty for the Next 5 years

Year Spicy Duck Duck Sisig Duck Duck Veggies Fried Itik Adobong

Caldereta Shanghai Salad Laman-Loob

1 72,824 59,584 58,322 34,678 61,790 28,058

2 73,990 60,536 59,256 35,233 62,779 28,506

3 75,155 61,490 60,189 35,788 63,768 28,955

4 76,320 62,443 61,122 36,343 64,756 29,404

5 77,485 63,397 62,055 36,897 65,745 29,853

 20

The table shows the projected demand for Duck Specialty for the next five

years. The factors used in this figure were the number of tourists from our

database multiplied by the percentage of those willing to buy duck specialty from

the survey.

The projected demand intent by 84.6 percent of those willing to buy duck

specialty is based on the survey conducted by the proponents. The basis for the

data is the projected number of tourist arrivals in Angono, Rizal, for the next five

years. The demand will gradually increase because of the 1.60% tourist rate

annually in Angono, Rizal.

Supply

The entire amount of a particular commodity or service offered to

customers to rivals is referred to as supply, a fundamental economic concept.

Demand, price of the existing business and its rivals, and supply are all related.

If there is a great demand, customers should receive more things. The

corporation and its rivals' supply examples include manufactured goods, work

hours, raw materials, and other uncommon or expensive items.

 21

Table 3.3

Yearly Supply of Competitor’s

Laman-
Competitor's Fried Itik Caldereta Loob
Balaw-Balaw Restaurant 5,475 6,570
Innes Fried Itik 7,300 8,030 4,015
Marlon's Fried Itik 10,950 12,775 5,475
Armando's Fried Itik 8,030 10,950 4,380
Mirla's Fried Itik 8,395 9,125 5,110
Tina's Fried Itik 4,745 5,475 3,650

The table shows the competitor’s supply yearly and has the same offer of

food. The amount of a good, service, or resource that a producer can sell at

every price during a specified period. Researchers conducted a survey of

potential competitors and the pricing of their products. It is popular in the city of

Angono Rizal called Itik Lane.

Table 3.4

Demand Supply Gap

Spicy Duck Caldereta Fried Itik Laman-Loob

Yea Deman
r Demand Supply Gap d Supply Gap Demand Supply Gap
1905 1617
72,824 61,790 28,058
1 53,771 3 45,613 7 22,992 5066
1937 1644
73,990 62,779 28,506
2 54,617 3 46,331 8 23,354 5152
1969 1671
75,155 63,768 28,955
3 55,463 2 47,049 9 23,716 5239
4 76,320 56,309 2001 64,756 47,767 1698 29,404 24,078 5326
 22

1 9
2033 1726
77,485 65,745 29,853
5 57,155 0 48,485 0 24,440 5413

The table shows the Demand Supply Gap; the values of all the demand

and supply gaps of the years 2023 to 2027 imply that the demand for spicy duck

caldereta, fried itik, and laman-loob is much greater compared to the supply of

the selected consumers. The competitors’ supply cannot cover the customers’

demand; therefore, the duck specialty business will not have difficulty securing a

position in the market because Duck specialty is also famous in the target

location. Also, with the help of strategic management and advertising, it can have

a market share and the possibility of profit.

Pricing

Pricing is one of the most important aspects of marketing. Since it defines

the determination of a selling price of the product or service produced. Price

provides economic consequences by which goods and services are distributed

among the large number of people desiring them.

The researcher used a pricing survey. A pricing survey is designed to help

a business determine how much they should charge for a product. Pricing

surveys inform as how much people are willing to pay for a product, which

features of a product people view as the most valuable, and whether people in

different market segments are willing to pay different amounts for a product. This

strategy provides an empirical way to determine how much people are willing to

pay for certain products.

 23

Table 3.5
Quantities of Main Ingredients for 1 day
Spicy Duck Caldereta

Raw Ingredients Quantity Unit Price Total

Duck 15 ₱150 ₱2,250

Potato 1kg ₱80 ₱80

Carrots 1kg ₱75 ₱75

Liver spread 15 ₱28 ₱420

Garlic 2 bulb ₱10 ₱20

Onion ¾ kg ₱225 ₱168.75

Capsicum ¼ kg ₱80 ₱20

Tomato Sauce 15 packs ₱85 ₱1,275

Knorr Cubes 15 pcs ₱6 ₱90

Salt 500g ₱20 ₱10

Pepper 1 pack ₱46 ₱46

Oil 350ml ₱88 ₱25

TOTAL ₱4,479.75

ESTIMATED PLATES A DAY 30

The table above shows the cost of Spicy Duck Caldereta ingredients in a

day.
 24

Table 3.6
Quantities of Main Ingredients for 1 day
Duck Sisig

Raw Ingredients Quantity Unit Price Total

Duck 8 ₱150 ₱1,200

Green Pepper ½ kg ₱65 ₱32.50

Siling Labuyo ½ kg ₱240 ₱120

Onion ½ kg ₱225 ₱112.50

Pepper 1 pack ₱46 ₱46

Salt 500g ₱20 ₱10

Vinegar 100ml ₱12 ₱6

Calamansi ½ kg ₱70 ₱35

Margarine 300g ₱95 ₱75

TOTAL ₱1,637

ESTIMATED PLATES A DAY 27

The table above shows the cost of Duck Sisig ingredients in a day.
 25

Table 3.7
Quantities of Main Ingredients for 1 day
Duck Shanghai

Raw Ingredients Quantity Unit Price Total

Duck 6 ₱155 ₱930

Lumpia wrapper 10 per/tanda ₱15 ₱150

Potato 2kg ₱80 ₱160

Carrots 2kg ₱75 ₱150

Onion 3/4kg ₱225 ₱168.75

Egg 4 ₱5 ₱20

Pepper 6 sachets ₱1.84 ₱11.04

Salt 50g ₱5 ₱5

MSG 6 sachets ₱4 ₱24

Oil 500ml ₱38 ₱38

TOTAL ₱1,656.79

ESTIMATED PLATES A DAY 25

The table above shows the cost of Duck Shanghai ingredients in a day.
 26

Table 3.8
Quantities of Main Ingredients for 1 day
Duck Veggies Salad

Raw Ingredients Quantity Unit Price Total

Duck 3 ₱155 ₱465

Cabbage 3/4kg ₱90 ₱68

Tomatoes 1/2kg ₱90 ₱45

Onion 1/2kg ₱225 ₱112.50

Lemon 3pcs ₱10 ₱30

Pepper 5 sachets ₱1.84 ₱9.20

Basil 250g ₱42 ₱105

Thai Fish sauce 60ml ₱30 ₱30

TOTAL P864.70

ESTIMATED PLATES A DAY 12

The table above shows the cost of Duck Veggies Salad ingredients in a

day.
 27

Table 3.9
Quantities of Main Ingredients for 1 day
Fried Itik

Raw Ingredients Quantity Unit Price Total

Duck 20 ₱155 ₱3,100

Garlic Bulb 2 ₱20 ₱40

Ginger 100g ₱15 ₱15

Soy Sauce 2L ₱138 ₱276

Vinegar 1L ₱44 ₱44

Sugar 1kg ₱80 ₱80

Bay leaves 12packs ₱1 ₱12

Oil 1.5L ₱30 ₱90

Pepper 15 sachets ₱1.84 ₱27.6

TOTAL P3,684.60

ESTIMATED PLATES A DAY 20

The table above shows the cost of Fried Itik ingredients in a day.
 28

Table 3.10
Quantities of Main Ingredients for 1 day
Adobong Laman-Loob

Raw Ingredients Quantity Unit Price Total

Laman-Loob 5kg ₱80 ₱400

Onion 3 bulb ₱12 ₱36

Garlic 1 bulb ₱10 ₱10

Soy Sauce 500ml ₱75 ₱75

Pepper 5 sachets ₱1.84 ₱9.20

Vinegar 250g ₱42 ₱105

Oil 60ml ₱30 ₱30

TOTAL P665.20

ESTIMATED PLATES A DAY 10

The table above shows the cost of Adobong Laman-Loob ingredients in a

day.
 29

Table 3.11

Market Price of the Product

Product Name Price

Spicy Duck Caldereta ₱320.00

Duck Sisig ₱230.00

Duck Shanghai ₱125.00

Duck Veggies Salad ₱150.00

Fried Itik ₱270.00

Adobong Laman-Loob ₱120.00

Table shows the market price of Duck Specialty based on their cost.

Table 3.12

Competitor’s Price

Competitors Competitors Price Our Price

Balaw-Balaw Restaurant ₱350.00 – 385.00 ₱270.00 - 320.00

Innes Fried Itik ₱95.00 - 230.00 ₱120.00 - 320.00

Marlon’s Fried Itik ₱95.00 - 230.00 ₱120.00 - 320.00

Armando’s Fried Itik ₱95.00 - 230.00 ₱120.00 - 320.00

Mirla’s Fried Itik ₱90.00 - 230.00 ₱120.00 - 320.00

Tina’s Fried Itik ₱100.00 - 230.00 ₱120.00 - 320.00

 30

The table shows the competitor’s price and the market price of our

product.

Marketing Program

A marketing program is an ongoing series of activities to market a product

or service. It consists of processes, technologies, people, and relationships that

come to play to achieve a goal.

With the help of a marketing program, potential customers may be aware of

your company's offerings, and your company may have the chance to grow. To

make progress and achieve success, use marketing to promote your product,

service, and company. The 4Ps can be used to create these marketing initiatives

(product, place, pricing, and promotion). This increases the likelihood of

prospective clients discovering your company.

Proponents want to advertise their product, Duck Specialty, via social

media

channels such as Facebook, and print the tarpaulin as well as word-of-mouth.

The spreading of product offers via social media will significantly increase the

number of buyers.

Channel Distribution

Every business requires an effective distribution channel to ensure the

smooth delivery of goods or services to the customers. These are important for

business growth and positive relationships with clients and customers in the

area.
 31

Duck Specialty directly sells products to its customers. The delivery of

goods to customers who ordered online, actually used like the other business,

will be delivered through motorcycle rides.

Duck Specialty

Tourist Online
Customers Customers

Figure 3.2

Channel of Distribution

Promotional Methods

Promotional methods are a plan that is implemented in the marketing plan

to increase the product's demands. This method is used to familiarize the target

customer with the products. The goal is to educate and persuade customers to

choose the product above others. Promotion is necessary to explain the benefits

of commodities to customers.

The proponents should be disturbing flyers or tarpaulin to make awareness

of the product. Also, the word through mouth promotion, we believe that

advertising your product personally to your target customers builds relationships

and trust in your product. Online marketing will also be used to boost the
 32

company’s advertising strength.

Projected Sales and Quantity

Table 3.13

Projected Quantity from Year 1 to 5

Product Name Year 1 Year 2 Year 3 Year 4 Year 5

Spicy Duck
8,640 8,778 8,916 9,054 9,192
Caldereta

Duck Sisig 7,776 7,900 8,024 8,148 8,272

Duck Shanghai 7,200 7,315 7,430 7,545 7,660

Duck Veggies
3,456 3,511 3,566 3,621 3,676
Salad

Fried Itik 5,760 5,852 5,944 6,036 6,128

Adobong
2,880 2,926 2,972 3,018 3,064
Laman-Loob

The table shows the projected quantity to be produced in the next 5 years.

The quantity was projected based on the availability of funds and equipment. The

quantity was projected based on the grams to be produced daily. The Duck
 33

Specialty will be produced by 30 plates of Spicy Duck Caldereta, 25 plates of

Duck Sisig, 25 plates of Duck Shanghai, 12 Duck Veggies Salads, 20 wholes

Fried Itik and 10 plates of Adobong Laman-Loob.

Table 3.14

Projected Sales from Year 1 to 5

Product Name Year 1 Year 2 Year 3 Year 4 Year 5

Spicy Duck
2,764,800 2,808,960 2,853,120 2,897,280 2,941,440
Caldereta

Duck Sisig 1,788,480 1,817,000 1,845,520 1,874,040 1,902,560

Duck Shanghai 900,000 914,375 928,750 943,125 957,500

Duck Veggies Salad 432,000 438,875 445,750 452,625 459,500

Fried Itik 1,555,200 1,580,040 1,604,880 1,629,720 1,654,560

Adobong Laman-
345,600 351,120 356,640 362,160 367,680
Loob
103
 103

Chapter 4

PRODUCTION FACILITIES AND PRODUCT

This chapter discussed the processes of production and activities of the

proposed business. Production is a method of converting raw materials or inputs

into finished items or products. It also specifies the machine and equipment used

in service and other aspects to ensure customer satisfaction.

This chapter will show the quality of products to be produced, the

specification production process, the schedule, the physical location of the

business floor plan, and the waste disposal system.

Product Specifications

Duck Specialty Products have a unique twist on a traditional Fried Duck.

Since Filipinos are fond of eating different food and this business intends to

produce high-quality and affordable duck specialty. The previously stated duck

specialty product is affordable especially if there is a celebration in the family.

Duck Shanghai is one of the chosen cuisines for the Duck specialty since

the Filipino favorite is the spring rolls made wrapped in thin crepes called lumpia

wrappers.

Duck Caldereta is one of the chosen cuisines and is surely everyone’s

favorite. It’s simmered to tenderness in a spicy tomato sauce. Chockfull of

potatoes, bell peppers, and green olives, this classic Filipino stew is hearty, tasty,

and perfect for family dinners or special occasions.

 35

Duck Sisig is one of the chosen cuisines for the snack having alcoholic

drink. Duck sisig is made of duck liver and duck meat, chopped onions, and chilis

which are then seasoned with salt, pepper.

Duck Veggies Salad is one of the chosen cuisines for people who are

vegetarian consisting of vegetables, such as lettuce, tomatoes, and cucumbers,

covered with a dressing.

Fried Itik is one of the chosen cuisines since Fried Itik is the most popular

for everyone. Furthermore, before the other cuisine that innovated, it started the

Fried Iitk.

Adobong Laman-Loob is one of the chosen cuisines; all know that Adobo

is well known in the Philippines and other countries.

Duck Shanghai Duck Spicy Caldereta Duck Sisig

 36

Fried Itik Duck Veggies Salad Adobong Laman-Loob

Figure 4.1

Products

Production Process

To successfully produced and distributed the product, it should be done

through some process. The process of products should be done in a fresh and

clean process.

For the processes of fresh products, it should be well measured, and

mixing all the ingredients into the bowl/plate should be done by the cook.

Once the product is made, it will be checked to ensure that it is quality and

safe. It can be placed in the plating or packaging process.

After the plating or packaging process, the said product will be ready to

serve. The product is expected to be delivered immediately to customers and

clients to preserve its freshness.

 37

Figure 4.2

Production Process of Spicy Duck Caldereta

 38

Figure 4.3

Production Process of Duck Shanghai

 39

Figure 4.4

Production Process of Duck Sisig

 40

Figure 4.5

Production Process of Duck Veggies Salad

 41

Gather all of the

necessary ingredients,
materials and equipment

Wash all the Duck and

marinate with soy sauce,
vinegar, ginger and onion

After the marinate the

duck in 5 hours. Fry the
duck with the pan full of
cooking oil.

Serve to the customers or store

the finished products in the
storage room until pick-up or
delivery

Figure 4.6

Production Process of Fried Itik

 42

\
Gather all of the
necessary ingredients,
materials and equipment

Wash the Laman-loob

until removed the fishy
smell.

First, Fry the Laman-Loob

add soy sauce and
vinegar and spices

Transfer the product to

the plate

Serve to the customers or store

the finished products in the
storage room until pick-up or
delivery

Figure 4.7

Figure
Production Process 4.7
of Adobong Laman-Loob

Production Process of Adobong L

 43

Production Capability and Schedule

Production means creating a specific product. The production of the

product is from 10:00am- 9:00pm Monday to Sunday.

The production capability and schedule of the business is based on the

availability of resources and the estimated capacity of the equipment used for the

business and the number orders per day. The production of the Duck Specialty is

decided to provide better quality of the products.

Table 4.1
Production Schedule

Product Name Daily Weekly Monthly Yearly

Spicy Duck Caldereta 30 210 900 10,950

Duck Sisig 27 189 810 9,855

Duck Shanghai 25 175 750 9,125

Duck Veggies Salad 12 84 360 4,380

Fried Itik 20 140 600 7,300

Adobong Laman-Loob 10 70 300 3,650

The table shows the production schedule of the products daily, weekly,

monthly, and yearly.

 44

Physical Facilities

The proposed business should have facilities to continued its operation.

These facilities would be used for the production and operation of the business.

Table 4.2

Facilities Description

Facilities Description Function

Dine in or Waiting Area This area which are primarily devoted to the
serving, and consumption of food/ This is where
the customers or rider can wait.

Counter Area This is the first stop for the customer and it is a
total flat surface area for preparing food in a
kitchen

Kitchen Area This is where food is prepared and cooked, and it

is also a suitable place for washing all the needed
materials, and packaging.
 45

Storage Room Finished products will be stored in this room while

waiting for the delivery or pick-up.

Restroom This area will be used by the employees and

owners for sanitation and others.

This table describe the function of each physical facilities needed in the

proposed business.

Production/Operations Input
 46

Production input is a process in which the fixed variable such as place

area, tools, and equipment with the dependent variables like the ingredients to

create the finished product.

Raw Duck Ginger

Garlic Lumpia Wrapper

 47

Lemon

Soy Sauce

Green Pepper

Chili Pepper

Calamansi

Capsicum

Potato
 48

Margarine Carrots

Tomato Sauce

Knorr Cube

Egg

Lettuce

Tomato
 49

Fish Sauce

Salt and Pepper Magic Sarap

Red Onion

Laman-Loob

Figure 4.8

Ingredients
 50

Kitchen Knives Plate and Bowls

Refrigerator Pan and Casserole

 51

Stove Utensils

Chopping Board Sizzling Plate

 52

Mixing Bowl Kitchen Sink

Figure 4.9

Equipment
 53

Table 4.3

Cost of Equipment

Equipment Quantity Unit Price Total Price

Kitchen Knives (set) 1 ₱200 ₱200

Plates and Bowl (set) 2 1450 2,900

Refrigerator 1 20,000 20,000

Pan and Casserole (set) 1 1,900 1,900

Stove 1 3,500 3,500

Utensils (set) 1 400 400

Chopping Board 2 100 200

Sizzling Plate 5 199 995

Mixing Bowl 1 120 240

Kitchen Sink 1 4,500 4,500

TOTAL ₱34,835

The table shows the cost of Equipment before the business started.
 54

Table 4.4

Cost of Furniture and Fixtures

Furniture and Fixtures Quantity Unit Price Total Price

Chairs 16 ₱300 ₱4,800

Tables 4 500 2,000

Electric Fan 3 3,000 3,000

TOTAL ₱9,800

The table shows the quantity and the cost of each furniture and fixtures

that will acquire before the operation of the business.

Table 4.5

Cost of Supplies

Supplies Quantity Unit Price Total Price

Alcohol 1 ₱150 ₱150

Paper Receipt 2 boxes 50 100

Ball pen 3 8 24

Calculator 1 300 300

TOTAL ₱574

The table shows the cost of supplies that acquired before the operation of

the business.
 55

Utilities

The proposed business will spend on utilities to start and maintain

operations. The basic cost also includes the costs of operating, maintaining,

developing. The business will communicated with customers via cell phone.

Inquiries, as well as other business matters.

Table 4.6

Cost of Utilities

Utilities Monthly Yearly

Rent ₱6,000 ₱72,000

Electricity 3,000 36,000

Water 500 6,000

Internet 1,500 18,000

LPG 750 9,000

TOTAL ₱11,750 ₱141.000

Waste and Waste Disposal System

Solid waste management must be implemented effectively. Recycling is

the process of converting waste resources into goods that may be reused.

The business will be producing waste from the conversion of its raw

materials to the actual product. Its waste will be segregated and the business will

also cooperate with the Barangay Sto. Niño and Municipality of Angono for the

management of its waste disposal.

 56

127 Quezon Ave Angono, Rizal

Figure 4.10

Vicinity Map
 57

Figure 4.11

Floor Plan
103
 103

Chapter 5

TAXATION AND LEGAL ASPECT

Taxation is the process of a government collecting money from its

inhabitants based on their incomes and property to pay for public services. To

fully operate the business required to accomplish the necessary legal

requirements as implemented by the law, before the initial actual operations.

This chapter examines the impact of taxes, including their importance in

business operations, legal techniques for reducing them, and other government

incentives that apply to the project.

Taxation

The government lifeblood is the business and individual taxes. Without the

taxes, the government would inefficient to continue to providing services to the

people of the community to improve their quality of life. Taxes and mandatory

contribution that every business must pay in a given year. Is their responsibility to

pay the government the proper taxes.

The business will operate under the partnership form of business. All the

essential concept of taxation revolves around that the all profits and losses flow

throughout the partners in the business.

The additional taxes that must treated in the Value added tax (VAT) if the

business's gross sales exceeds 3m, the business is required to file as a VAT-

registered business, but if the gross sales do not exceed the minimum amount,

then the business must pay the taxes amount of 402,500 and if excess over 2m

is additional 30% of their taxes.

 59

Legal Aspect Affecting the Business

Before a business may start operating on a daily basis, it must first meet

certain conditions. A business must follow the necessary procedures and meet

the legal requirements to be able to identify as a public entity. There are several

permits and licenses that the owners must acquire from various government

agencies/institution the following are the aspects that he concerned party must

comply.

To legalize the operation of the business it must comply with all the

requirement of the government. The following are necessary permits:

a. Registration with the Securities and Exchange Commission (SEC) – This

national regulatory agency is responsible for regulating, investigating, and

supervising the activities of the corporate sector of the business.

b. Registration with the Bureau of Internal Revenue (BIR)– This agency is

responsible for regulating taxation and collecting internal revenue taxes.

c. Registration with the Social Security System (SSS), Philippine Health

Insurance Corporation (PhilHealth) and Home Development Mutual Fund

(HDMF) – Registering the business and employees (temporary or provisional) is

mandated and is considered a violation of the Social Security Law if not

performed. Employers are obliged to submit the SSS coverage of a worker within

30 days of his or her employment. The same goes with PhilHealth and HDMF.

d. Mayor’s or Business Permit – This document can only be acquired after

securing a Certificate of Registration from SEC, Barangay Clearance, and

registration with the SSS since these documents would be required to get a
 60

business permit. The fees, requirements, and processes may vary in different

local offices.

e. Barangay Clearance – All businesses are required to have a Barangay

Clearance, according to the Local Government Code. It is obtained at the local

barangay office where the business is or will be located.

f. Department of Labor and Employment – This can be fulfilled after obtaining the

above-mentioned permits and licenses: SEC Certificate, Mayor’s

Permit/Business Permit, TIN of the company, and Fire Inspection of the

establishment.

g. Securing of Health and Sanitary permit which are required to make sure that

the business is observing the standard of the Sanitary Code of the Philippines.

h. Contract of Lease if you are leasing space, a copy of the Transfer Certificate of

Title (TCT), or Tax Declaration if you own the place.

103
 103

Chapter 6

FINANCING, FINANCIAL ESTIMATES AND ANALYSIS

This chapter contains significant facts on the firm’s financial performance

and circumstances across time. Funding the operation is the core of the

business. This is usually in the form of money which the business can use in

production. Enough funding enables businesses to provide the resources needed

to start operations.

Financial statements and analysis are presented to assess and evaluate

the business profitability. All investments and business costs will be discussed in

this chapter.

Financing

The business is in the form of sole proprietorship, and each partner will

contribute equally to fulfilled the requires initial investment of ₱210,000 for the

proposed business.

Projected Cost

Pre-Operating Cost ₱22,500

Machineries and
Equipment 34,835.00
Furniture and Fixtures 9,800.00
Utilities Expense 11,750.00
Advertising Expense 1,000.00
Office Supplies 574.00
11,105.00 ₱91,564.0
Permits and Licenses 0
Cash Balance 118,436.00
Total ₱210,000.0
0
 62

Assumptions

A. Financial Assumption

To know that the business is feasible, it should have gains this is projected

in the income statement cash flow and financial position.

B. Assumptions

1. The proponents decided to form a sole proprietorship business and the

owner look for two investor that will be contributing Php 70,000 of their

own cash as the initial investment with a total of Php 210,000.00.

2. Annual production and sales will increase by 1.6% a year. The

researchers consider the risk related in the product offered and the

possible inflation for the succeeding year.

3. The cost of utilities varies from monthly. Rent, Electricity and water

consumption would be highest from March to May due to the summer

season, and lowest from June to October due to the rainy season, with

typical consumption from November to February.

4. Salaries will also increase 5-10% annually for the third, fourth, and fifth

year of operations.

5. Employees will benefit from SSS, PhilHealth, and Pag-IBIG Fund that is

computed based on the prevailing rate.

6. Owner share the investor 10-15% of gross profit and loss sharing will be

set at equal ratios.

 63

7. Over a five-year period, the straight-line method of depreciation is

applied.

Supporting Schedules
SCHEDULE 1
TOTAL SALES
2023 2024 2025 2026 2027
SPICY DUCK CALDERETA
UNIT SALES ₱ 8,640.00 ₱ 8,778.00 ₱8,916.00 ₱9,054.00 ₱ 9,192.00
UNIT PRICE ₱ 320.00 ₱ 320.00 ₱ 320.00 ₱ 320.00 ₱ 320.00
₱ 2,764,800.00 ₱ 2,808,960.00 ₱ 2,853,120.00 ₱ 2,897,280.00 ₱ 2,941,440.00
DUCK SISIG
UNIT SALES ₱ 7,776.00 ₱ 7,900.00 ₱ 8,024.00 ₱8,148.00 ₱ 8,272.00
UNIT PRICE ₱ 230.00 ₱ 230.00 ₱ 230.00 ₱ 230.00 ₱ 230.00
₱ 1,788,480.00 ₱ 1,817,000.00 ₱ 1,845,520.00 ₱ 1,874,040.00 ₱ 1,902,560.00
DUCK SHANGHAI
UNIT SALES ₱ 7,200.00 ₱ 7,315.00 ₱ 7,430.00 ₱7,545.00 ₱ 7,660.00
UNIT PRICE ₱ 125.00 ₱ 125.00 ₱ 125.00 ₱ 125.00 ₱ 125.00
₱ 900,000.00 ₱ 914,375.00 ₱ 928,750.00 ₱ 943,125.00 ₱ 957,500.00
DUCK VEGGIES SALAD
UNIT SALES ₱ 3,456.00 ₱ 3,511.00 ₱ 3,566.00 ₱3,621.00 ₱ 3,676.00
UNIT PRICE ₱ 150.00 ₱ 150.00 ₱ 150.00 ₱ 150.00 ₱ 150.00
₱ 518,400.00 ₱ 526,650.00 ₱ 534,900.00 ₱ 543,150.00 ₱ 551,400.00
FRIED ITIK
UNIT SALES ₱ 5,760.00 ₱ 5,852.00 ₱5,944.00 ₱6,036.00 ₱ 6,128.00
UNIT PRICE ₱ 270.00 ₱ 270.00 ₱ 270.00 ₱ 270.00 ₱ 270.00
₱ 1,555,200.00 ₱ 1,580,040.00 ₱ 1,604,880.00 ₱ 1,629,720.00 ₱ 1,654,560.00
ADOBONG LAMAN-LOOB
UNIT SALES ₱ 2,880.00 ₱ 2,926.00 ₱2,972.00 ₱3,018.00 ₱ 3,064.00
UNIT PRICE ₱ 120.00 ₱ 120.00 ₱ 120.00 ₱ 120.00 ₱ 120.00
₱ 345,600.00 ₱ 351,120.00 ₱ 356,640.00 ₱ 362,160.00 ₱ 367,680.00

NET SALES ₱ 7,872,480.00 ₱ 7,998,145.00 ₱ 8,123,810.00 ₱ 8,249,475.00 ₱ 8,375,140.00

SCHEDULE 2
TOTAL COST
2023 2024 2025 2026 2027
SPICY DUCK CALDERETA
UNIT SALES ₱ 8,640.00 ₱8,778.00 ₱ 8,916.00 ₱ 9,054.00 ₱ 9,192.00
UNIT COST ₱ 223.99 ₱ 223.99 ₱ 223.99 ₱ 223.99 ₱ 223.99
₱ 1,935,273.60 ₱ 1,966,184.22 ₱ 1,993,511.00 ₱ 2,028,005.46 ₱ 2,058,916.08
DUCK SISIG
UNIT SALES ₱ 7,776.00 ₱ 7,900.00 ₱ 8,024.00 ₱ 8,148.00 ₱ 8,272.00
UNIT COST ₱ 109.13 ₱ 109.13 ₱ 109.13 ₱ 109.13 ₱ 109.13
₱ 848,618.21 ₱ 862,150.70 ₱ 809,330.33 ₱ 889,215.68 ₱ 902,748.18
DUCK SHANGHAI
UNIT SALES ₱ 7,200.00 ₱ 7,315.00 ₱ 7,430.00 ₱ 7,545.00 ₱ 7,660.00
UNIT COST ₱ 82.84 ₱ 82.84 ₱ 82.84 ₱ 82.84 ₱ 82.84
₱ 596,448.00 ₱ 605,974.60 ₱ 615,501.20 ₱ 625,027.80 ₱ 634,554.40
DUCK VEGGIES SALAD
UNIT SALES ₱ 3,456.00 ₱ 3,511.00 ₱ 3,566.00 ₱ 3,621.00 ₱ 3,676.00
UNIT COST ₱ 86.47 ₱ 86.47 ₱ 86.47 ₱ 86.47 ₱ 86.47
₱ 298,840.32 ₱ 303,596.17 ₱ 308,352.02 ₱ 313,107.87 ₱ 317,863.72
FRIED ITIK
UNIT SALES ₱ 5,760.00 ₱5,852.00 ₱ 5,944.00 ₱ 6,036.00 ₱ 6,128.00
UNIT COST ₱ 184.23 ₱ 184.23 ₱ 184.23 ₱ 184.23 ₱ 184.23
₱ 1,061,164.80 ₱ 1,078,113.96 ₱ 1,095,063.12 ₱ 1,112,012.28 ₱ 1,128,961.44
ADOBONG LAMAN-LOOB
UNIT SALES ₱ 2,880.00 ₱2,926.00 ₱ 2,972.00 ₱ 3,018.00 ₱ 3,064.00
UNIT COST ₱ 66.52 ₱ 66.52 ₱ 66.52 ₱ 66.52 ₱ 66.52
₱ 191,577.60 ₱ 194,637.52 ₱ 197,697.44 ₱ 200,757.36 ₱ 203,817.28

TOTAL COST OF SALES ₱ 4,931,922.53 ₱ 5,010,657.17 ₱ 5,019,455.11 ₱ 5,168,126.45 ₱ 5,246,861.10

 64

SCHEDULE 3
PRE-OPERATING EXPENSE
2023 2024 2025 2026 2027
RAW MATERIALS
PLYWOOD ₱ 3,000.00
PAINT AND ACCESSORIES ₱ 2,500.00 ₱ 1,500.00
BULB ₱ 800.00 ₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00 ₱ 1,050.00
WIRE EXTENSION ₱ 350.00
BLIND RIVETS ₱ 200.00
NAILS ₱ 250.00
STEEL TUBULAR ₱ 2,000.00
LABOR ₱ 9,900.00 ₱ 1,400.00
SOLID WALL PVC ₱ 3,500.00 ₱ 3,000.00
TOTAL PRE- OPERATING COST
₱ 22,500.00 ₱ 1,000.00 ₱ 1,000.00 ₱ 6,900.00 ₱ 1,050.00

SCHEDULE 4
SALARIES EXPENSE
2023 2024 2025 2026 2027
MONTHLY SALARY PER STAFF ₱ 14,000.00 ₱ 14,000.00 ₱ 14,000.00 ₱ 14,560.00 ₱ 14,560.00
MULTIPLY NUMBER OF STAFF 3 3 3 3 3
TOTAL MONTHLY SALARIES ₱ 42,000.00 ₱ 42,000.00 ₱ 42,000.00 ₱ 43,680.00 ₱ 43,680.00
MULTIPLY BY NUMBER OF MONTHS/YEARS 12 12 12 12 12
TOTAL SALARIES EXPENSE ₱ 504,000.00 ₱ 504,000.00 ₱ 504,000.00 ₱ 524,160.00 ₱ 524,160.00

SCHEDULE 5
UTILITIES EXPENSE
2023 2024 2025 2026 2027
RENT ₱ 6,000.00 ₱ 6,000.00 ₱ 6,000.00 ₱ 6,000.00 ₱ 6,000.00
₱ 72,000.00 ₱ 72,000.00 ₱ 72,000.00 ₱ 72,000.00 ₱ 72,000.00
WATER SERVICES ₱ 500.00 ₱ 500.00 ₱ 500.00 ₱ 500.00 ₱ 500.00
₱ 6,000.00 ₱ 6,000.00 ₱ 6,000.00 ₱ 6,000.00 ₱ 6,000.00
ELECTRICITY ₱ 3,000.00 ₱ 3,000.00 ₱ 3,000.00 ₱ 3,000.00 ₱ 3,000.00
₱ 36,000.00 ₱ 36,000.00 ₱ 36,000.00 ₱ 36,000.00 ₱ 36,000.00
INTERNET ₱ 1,500.00 ₱ 1,500.00 ₱ 1,500.00 ₱ 1,500.00 ₱ 1,500.00
₱ 18,000.00 ₱ 18,000.00 ₱ 18,000.00 ₱ 18,000.00 ₱ 18,000.00
GAS ₱ 750.00 ₱ 750.00 ₱ 750.00 ₱ 750.00 ₱ 750.00
₱ 9,000.00 ₱ 9,000.00 ₱ 9,000.00 ₱ 9,000.00 ₱ 9,000.00
TOTAL UTILITIES EXPENSE ₱ 141,000.00 ₱ 141,000.00 ₱ 141,000.00 ₱ 141,000.00 ₱ 141,000.00
 65

SCHEDULE 6
ADVERTISEMENT
2023 2024 2025 2026 2027
ADVERTISEMENT ₱ 1,000.00 ₱ 500.00 ₱ 500.00 ₱ 500.00 ₱ 500.00
TOTAL ADVERTISEMENT ₱ 1,000.00 ₱ 500.00 ₱ 500.00 ₱ 500.00 ₱ 500.00

SCHEDULE 7
SUPPLIES EXPENSE
2023 2024 2025 2026 2027
ALCOHOL ₱150.00 ₱150.00 ₱150.00 ₱150.00 ₱150.00
PAPER RECEIPT ₱100.00 ₱100.00 ₱100.00 ₱100.00 ₱100.00
BALLPEN ₱ 24.00 ₱ 24.00 ₱ 24.00 ₱ 24.00 ₱ 24.00
CALCULATOR ₱300.00 ₱300.00 ₱300.00 ₱300.00 ₱300.00
MULTIPLY BY NUMBER OF MONTHS ₱ 12.00
TOTAL OFFICE SUPPLIES EXPENSE ₱6,888.00 ₱6,888.00 ₱6,888.00 ₱6,888.00 ₱6,888.00

SCHEDULE 8
TOOLS EXPENSE
2023 2024 2025 2026 2027
KITCHEN KNIVES (SET) ₱ 200.00 ₱ 200.00 ₱ 200.00 ₱ 200.00 ₱ 200.00
PLATES AND BOWLS (SET) ₱ 2,900.00 ₱ 2,900.00 ₱ 2,900.00
PAN AND CASSEROLE (SET) ₱ 1,900.00 ₱ 1,900.00 ₱ 1,900.00
STOVE ₱ 3,500.00
UTENSILS (SET) ₱ 400.00 ₱ 400.00 ₱ 400.00
CHOPPING BOARD ₱ 200.00
SIZZLING PLATES ₱ 995.00 ₱ 995.00 ₱ 995.00
MIXING BOWL ₱ 240.00 ₱ 240.00 ₱ 240.00
KITCHEN SINK ₱ 4,500.00
TOTAL TOOLS EXPENSE ₱ 14,835.00 ₱ 840.00 ₱ 5,995.00 ₱ 840.00 ₱ 5,995.00
 66

SCHEDULE 9
PERMIT & LICENSES
2023 2024 2025 2026 2027
DOCUMENTARY STAMP TAX ₱ 30.00 ₱ 30.00 ₱ 30.00 ₱ 30.00 ₱ 30.00
MAYORS PERMIT ₱ 8,400.00 ₱ 8,900.00 ₱ 9,400.00 ₱ 9,900.00 ₱ 10,400.00
GARBAGE CHANGES ₱ 400.00 ₱ 400.00 ₱ 400.00 ₱ 400.00 ₱ 400.00
SANITARY PERMIT FEE ₱ 60.00 ₱ 60.00 ₱ 60.00 ₱ 60.00 ₱ 60.00
FIRE INSPECTION FEE ₱ 530.00 ₱ 530.00 ₱ 530.00 ₱ 530.00 ₱ 530.00
HEALTH FEE ₱ 250.00 ₱ 250.00 ₱ 250.00 ₱ 250.00 ₱ 250.00
BUSINESS PLATE ₱ 175.00 ₱ 175.00 ₱ 175.00 ₱ 175.00 ₱ 175.00
DTI REGISTRATION ₱ 100.00 ₱ 100.00 ₱ 100.00 ₱ 100.00 ₱ 100.00
BIR REGISTRATION ₱ 500.00 ₱ 500.00 ₱ 500.00 ₱ 500.00 ₱ 500.00
BARANGAY PERMIT CLEARANCE
₱ 500.00 ₱ 500.00 ₱ 500.00 ₱ 500.00 ₱ 500.00
POLICE CLEARANCE ₱ 100.00 ₱ 100.00 ₱ 100.00 ₱ 100.00 ₱ 100.00
CEDULA ₱ 60.00 ₱ 60.00 ₱ 60.00 ₱ 60.00 ₱ 60.00
TOTAL ₱11,105.00 ₱11,605.00 ₱12,105.00 ₱ 12,605.00 ₱ 13,105.00

SCHEDULE 10
DEPRECIATION EXPENSE
2023 2024 2025 2026 2027
REFRIGERATOR ₱ 20,000.00 ₱ 16,800.00 ₱ 13,600.00 ₱ 10,400.00 ₱ 7,200.00
CHAIRS ₱ 4,800.00 ₱ 4,032.00 ₱ 3,264.00 ₱ 2,496.00 ₱ 1,728.00
TABLES ₱ 2,000.00 ₱ 1,680.00 ₱ 1,280.00 ₱ 880.00 ₱ 480.00
ELECTRIC FAN ₱ 3,000.00 ₱ 2,520.00 ₱ 2,040.00 ₱ 1,560.00 ₱ 1,080.00
TOTAL DEPRECIATION EXPENSE ₱ 29,800.00 ₱ 25,032.00 ₱ 20,184.00 ₱ 15,336.00 ₱ 10,488.00

Accounting schedules detail all financial accounting that cannot be

illustrated in the main report. For example, if we discuss the balance sheet
 67

schedule, we will see not only the liabilities, assets, and equities of a company,

but also a breakdown of each category as a sub-category or a sub-schedule.

Projected Income Statement

A projected income statement is a statement of income for the future. It

shows how much revenue the business expects to generate over the next year or

so, as well as the expected consumption.

PROJECTED INCOME STATEMENT

FOR THE FIVE-YEAR PERIOD JANUARY 2, 2023-2027

2023 2024 2025 2026 2027

SALES ₱ 7,872,480.00 ₱ 7,998,145.00 ₱ 8,123,810.00 ₱ 8,249,475.00 ₱ 8,375,140.00
Less: Cost of Sales ₱ 4,931,922.53 ₱ 5,010,657.17 ₱ 5,019,455.11 ₱ 5,168,126.45 ₱ 5,246,861.10
Gross Profit ₱ 2,940,557.47 ₱ 2,987,487.83 ₱ 3,104,354.89 ₱ 3,081,348.55 ₱ 3,128,278.90
Less: Expenses
Pre-Operatig Expense ₱ 22,500.00 ₱ 1,000.00 ₱ 1,000.00 ₱ 6,900.00 ₱ 1,050.00
Selling Expense
Salaries Expense ₱ 504,000.00 ₱ 504,000.00 ₱ 504,000.00 ₱ 524,160.00 ₱ 524,160.00 ₱ 524,160.00
Depreciation Expense ₱ 25,032.00 ₱ 20,184.00 ₱ 15,336.00 ₱ 10,488.00
Advertising Expense ₱ 1,000.00 ₱ 500.00 ₱ 500.00 ₱ 500.00 ₱ 500.00
Utilities Expense ₱ 141,000.00 ₱ 141,000.00 ₱ 141,000.00 ₱ 141,000.00 ₱ 141,000.00
SSS,PhilHealth, and Pag-Ibig ₱ 35,604.00 ₱ 35,604.00 ₱ 35,604.00 ₱ 35,604.00 ₱ 35,604.00
Administrative Expense
Licenses and Permit ₱ 11,105.00 ₱ 11,605.00 ₱ 12,105.00 ₱ 12,605.00 ₱ 13,105.00
Total Expenses ₱ 715,209.00 ₱ 718,741.00 ₱ 714,393.00 ₱ 736,105.00 ₱ 725,907.00
Net Income ₱ 2,225,348.47 ₱ 2,268,746.83 ₱ 2,389,961.89 ₱ 2,345,243.55 ₱ 2,402,371.90

The proponents estimated the projected sales with a total of Php

7,872,480 for the first year less the cost of sales with a total of Php 4,931,922.53

and come up with the gross profit of Php 2,940,557.47 The gross profit will then
 68

be deducted from all expenses to determine whether it is a net profit or a net

loss. In this study, the net income in the first year was Php 2,225,348.47.

Projected Statement of Changes in Owner’s Equity

A Statement of Changes in Partners’ Equity shows the changes in a

partnership's capital account. Contributions, withdrawals, and net income or net

loss all cause these changes.

PROJECTED STATEMENT OF CHANGES IN OWNER'S EQUITY

FOR THE FIVE-YEAR PERIOD JANUARY 2, 2023-2027

2023 2024 2025 2026 2027

Capital Beginning ₱ 210,000.00 ₱ 225,348.47 ₱ 2,344,095.30 ₱ 4,584,057.19 ₱ 6,779,300.74
Add: Net Income ₱ 2,225,348.47 ₱ 2,268,746.83 ₱ 2,389,961.89 ₱ 2,345,243.55 ₱ 2,402,371.90
Total ₱ 2,435,348.47 ₱ 2,494,095.30 ₱ 4,734,057.19 ₱ 6,929,300.74 ₱ 9,181,672.64
Less: Drawing ₱ 150,000.00 ₱ 150,000.00 ₱ 150,000.00 ₱ 150,000.00 ₱ 150,000.00
Capital Ending ₱ 2,285,348.47 ₱ 2,344,095.30 ₱ 4,584,057.19 ₱ 6,779,300.74 ₱ 9,031,672.64

2023 2024 2025 2026 2027

G. Salvador, Capital Beginning ₱ 70,000.00 ₱ 385,302.27 ₱ 700,604.54 ₱ 1,015,906.81 ₱ 1,331,209.08
Add: Net Income ₱ 365,302.27 ₱ 365,302.27 ₱ 365,302.27 ₱ 365,302.27 ₱ 365,302.27
Total ₱ 435,302.27 ₱ 750,604.54 ₱ 1,065,906.81 ₱ 1,381,209.08 ₱ 1,696,511.35
Less: Drawing ₱ 50,000.00 ₱ 50,000.00 ₱ 50,000.00 ₱ 50,000.00 ₱ 50,000.00
Capital Ending ₱ 385,302.27 ₱ 700,604.54 ₱ 1,015,906.81 ₱ 1,331,209.08 ₱ 1,646,511.35

2023 2024 2025 2026 2027

J. Vertucio, Capital Beginning ₱ 70,000.00 ₱ 385,302.27 ₱ 700,604.54 ₱ 1,015,906.81 ₱ 1,331,209.08
Add: Net Income ₱ 365,302.27 ₱ 365,302.27 ₱ 365,302.27 ₱ 365,302.27 ₱ 365,302.27
Total ₱ 435,302.27 ₱ 750,604.54 ₱ 1,065,906.81 ₱ 1,381,209.08 ₱ 1,696,511.35
Less: Drawing ₱ 50,000.00 ₱ 50,000.00 ₱ 50,000.00 ₱ 50,000.00 ₱ 50,000.00
Capital Ending ₱ 385,302.27 ₱ 700,604.54 ₱ 1,015,906.81 ₱ 1,331,209.08 ₱ 1,646,511.35

2023 2024 2025 2026 2027

P. Angeles, Capital Beginning ₱ 70,000.00 ₱ 385,302.27 ₱ 700,604.54 ₱ 1,015,906.81 ₱ 1,331,209.08
Add: Net Income ₱ 365,302.27 ₱ 365,302.27 ₱ 365,302.27 ₱ 365,302.27 ₱ 365,302.27
Total ₱ 435,302.27 ₱ 750,604.54 ₱ 1,065,906.81 ₱ 1,381,209.08 ₱ 1,696,511.35
Less: Drawing ₱ 50,000.00 ₱ 50,000.00 ₱ 50,000.00 ₱ 50,000.00 ₱ 50,000.00
Capital Ending ₱ 385,302.27 ₱ 700,604.54 ₱ 1,015,906.81 ₱ 1,331,209.08 ₱ 1,646,511.35
 69

Duck Specialty Business assumes that it will start in the year 2023 with

Php 210,000 capital beginning. During the year, it earns a net income of Php

2,225,348.47 and has Php 150,000 total withdrawals. To calculate the capital

ending, sum up the net income less the withdrawals per year to the capital

beginning.

Projected Financial Position

A business assets, liabilities, and capital are summarized in its financial

position. The term "assets" refers to the properties that the company owns and

controls. Liabilities are obligations owed to creditors, lenders, and the like. Equity

or capital denotes the portion of the business left over after all liabilities have

been paid.

PROJECTED FINANCIAL POSITION

FOR THE FIVE-YEAR PERIOD JANUARY 2,2023 - 2027
2023 2024 2025 2026 2027
Current Asset
Cash ₱ 2,240,713.47 ₱ 3,318,604.00 ₱ 4,367,603.03 ₱ 5,203,124.03 ₱ 5,646,367.03

Total Current Asset

Non-Current Asset
Fixed Asset
Tools and Equipment ₱ 14,835.00 ₱ 14,835.00 ₱ 14,835.00 ₱ 14,835.00 ₱ 14,835.00
Furniture and Fixture ₱ 29,800.00 ₱ 29,800.00 ₱ 29,800.00 ₱ 29,800.00 ₱ 29,800.00
Less:Accumulated Depreciation ₱ 25,032.00 ₱ 20,184.00 ₱ 15,336.00 ₱ 10,488.00
Total Non-Current Asset ₱ 44,635.00 ₱ 19,603.00 ₱ 24,451.00 ₱ 29,299.00 ₱ 34,187.00

Total Assets ₱ 2,285,348.47 ₱ 3,338,207.00 ₱ 4,392,054.03 ₱ 5,232,423.03 ₱ 5,680,554.03

Liabilities and Owner's Equity

Liabilities
Capital ₱ 2,285,348.47 ₱ 3,338,207.00 ₱ 4,392,054.03 ₱ 5,232,423.03 ₱ 5,680,554.03
Total Liabilities and Owner's Equity ₱ 2,285,348.47 ₱ 3,338,207.00 ₱ 4,392,054.03 ₱ 5,232,423.03 ₱ 5,680,554.03
 70

Current assets and liabilities are distinguished from non-current assets

and liabilities. Current assets are properties that will be converted into cash

within the next twelve (12) months or during the business's operating cycle.

Current liabilities are those that must be paid within twelve (12) months or during

the operating cycle. Non-current assets and liabilities are those that do not occur

immediately. Total Assets and Total Liabilities and Partners’ Equity should

always be equal.

Projected Cash Flow

Statement of Cash Flows presents the inflows and outflows of cash in the

different activities of the business, the net increase or decrease in cash, and the

resulting cash balance at the end of the period.

Cash inflows refer to receipts of cash while cash outflows to payments or

disbursements. Cash inflows and outflows are classified in three activities:

operating, investing, and financing. After inflows and outflows are presented, the

net increases or decreases in cash after computed. Then, it is added to the

beginning balance of cash to get the balance at

 71

the end.

PROJECTED CASH FLOW STATEMENT

FOR THE FIVE-YEAR PERIOD JANUARY 2,2023-2027
2023 2024 2025 2026 2027
Cash Flow from Operating Activities
Cash received from;
Net Income ₱ 2,225,348.47 ₱ 2,256,272.00 ₱ 2,289,664.03 ₱ 2,322,876.00 ₱ 2,235,048.00
Adjustment:
Depreciation Expense ₱ 25,032.00 ₱ 20,184.00 ₱ 15,336.00 ₱ 10,488.00
Total cash flow from operating activities: ₱ 2,225,348.47 ₱ 2,281,304.00 ₱ 2,309,848.03 ₱ 2,338,212.00 ₱ 2,245,536.00
Cash flow from Investing Activities
Initial Investment ₱ 210,000.00
Purchase of Furniture and Fixture (29,800)
Purchase of Tools and Equipment (14,835) (840) (5,995) (840) (5,995)
Total cash flow from investing activities: 165,365
Cash Flow from Financing Activities
G. Salvador, Drawing (50,000) (50,000) (50,000) (50,000) (50,000)
J. Vertucio, Drawing (50,000) (50,000) (50,000) (50,000) (50,000)
P. Angeles, Drawing (50,000) (50,000) (50,000) (50,000) (50,000)
Total cash flow from financing activities: (150,000) (150,000) (150,000) (150,000) (150,000)

Increase (Decrease) in cash ₱ 2,240,713.47 ₱ 2,130,464.00 ₱ 2,153,853.03 ₱ 2,187,372.00 ₱ 2,089,541.00

Cash, beginning ₱ 2,240,713.47 ₱ 4,371,177.47 ₱ 6,525,030.50 ₱ 8,712,402.50
Cash, ending ₱ 2,240,713.47 ₱ 4,371,177.47 ₱ 6,525,030.50 ₱ 8,712,402.50 ₱ 10,801,943.50

Financial Analysis
 72

Financial ratio analysis assesses the performance of the business's or

proposed business’s financial functions of liquidity, asset management, solvency,

and profitability. The information gleaned from a firm's financial statements by

ratio analysis is useful for financial managers, competitors, and outside investors.
FINANCIAL RATIO ANALYSIS
FOR THE FIVE-YEAR PERIOD JANUARY 2,2023 - 2027

2023 2024 2025 2026 2027

GROSS PROFIT RATIO
Gross Profit ₱ 2,940,557.47 ₱ 2,268,746.83 ₱ 2,389,961.89 ₱ 2,345,243.55 ₱ 2,402,371.90
Net Sales ₱ 5,971,680.00 ₱ 6,066,985.00 ₱ 6,162,290.00 ₱ 6,257,595.00 ₱ 6,352,900.00
Gross Profit Ratio 0.49 0.38 0.39 0.37 0.38

NET PROFIT RATIO

Net Income ₱ 2,225,348.47 ₱ 2,268,746.83 ₱ 2,389,961.89 ₱ 2,345,243.55 ₱ 2,402,971.90
Net Sales ₱ 5,971,680.00 ₱ 6,066,985.00 ₱ 6,162,290.00 ₱ 6,257,595.00 ₱ 6,352,900.00
Return on Sales 0.37 0.37 0.39 0.37 0.38

RETURN ON ASSETS
Net Income ₱ 2,225,348.47 ₱ 2,268,746.83 ₱ 2,389,961.89 ₱ 2,345,243.55 ₱ 2,402,971.90
Average Total Assets ₱ 2,285,348.47 ₱ 2,344,095.30 ₱ 4,584,057.19 ₱ 6,779,300.74 ₱ 9,031,672.64
Return on Assets 0.97 0.97 0.52 0.35 0.27

ASSET TURNOVER
Net Sales ₱ 5,971,680.00 ₱ 6,066,985.00 ₱ 6,162,290.00 ₱ 6,257,595.00 ₱ 6,352,900.00
Avergae Total Assets ₱ 2,285,348.47 ₱ 2,344,095.30 ₱ 4,584,057.19 ₱ 6,779,300.74 ₱ 9,031,672.64
Asset Turnover 2.61 2.59 1.34 0.92 0.7

PAYBACK PERIOD
Initial Inflow from operation ₱ 2,225,348.47 ₱ 2,281,304.00 ₱ 2,309,848.03 ₱ 2,338,212.00 ₱ 2,245,536.00
Discount Rate Factor (@10) 0.909 0.8264 0.7513 0.683 0.6209
Discounted Cash Flow ₱ 2,022,841.76 ₱ 1,885,269.63 ₱ 1,735,388.82 ₱ 1,596,998.80 ₱ 1,394,253.30

NET PROFIT RATIO

Net Income ₱ 2,225,348.47 ₱ 2,268,746.83 ₱ 2,389,961.89 ₱ 2,345,243.55 ₱ 2,402,971.90
Net Sales

Initial Investment ₱ 210,000.00

Discounted Cash Flow ₱ 2,022,847.76
Payback Period 0.10x12 = less than 1 year
 73

The technique of comparing the relationship between two or more items of

financial data from a company's financial statements. The proponents calculated

the Gross Profit Ratio, which helps determine a business's efficiency and

performance. The table has a 0.37-0.49 ratio that the effect of business healthy.

Return on Sales, how much profit is composed of sales. It shows that the

business has favorable operating profitability. Return on Assets provides how

much profit a business can generate from its assets. It shows that they have an

excellent business. Asset Turnover indicates the efficiency of a business using its

assets to generate revenue. In the first three years, the business asset turnover

is considered good, but in the following years, the business is considered in the

utility sector with a low ratio.

Furthermore, the Payback Period is used to determine the financial ratio

analysis. To calculate the gross profit ratio, divide the company's gross profit by

its net sales. Divide the company's net income by its net sales to calculate the

return on sales. Divide the net income by the company's average total assets to

calculate the return on assets. Divide net sales by the average total assets to get

the asset turnover. To calculate the payback period, multiply the initial inflow from

operations by the discount rate factor, which is 10%, to obtain the discounted

cash flow, and then divide the discounted cash flow by the company's initial

investment to obtain the payback period.

103
 103

Chapter 7

SOCIAL DESIRABILITY

Social desirability has its origin in shared social norms. Microenterprises,

small and medium-sized businesses, constitute the backbone of the Philippine

economy. They play a vital role not just in the generation of wealth, but also in

the dispersal of new industries to rural areas and the stimulation of productive

employment. They also help to ensure that income is distributed fairly and that

poverty is reduced. As a result, the government encourages citizens to start their

own micro businesses.

Businesses, regardless of their type, give additional revenue to the

government in the form of taxes, which are required of all lawfully running

businesses in the Philippines. As a result, the government may provide services

that benefit the people of Angono, Rizal, as well as the entire country.

Contribution to the Government Revenue

Government revenue refers to the revenue of government finance through

participating in the distribution of social products, which are the financial

resources for ensuring the government functions. Revenues refer to all cash

inflows of the national government treasury which are collected to support

government expenditures, from sources such as taxes levied on the incomes and

wealth accumulation of individuals and corporations.

The Establishment of a duck specialty Business in Angono, Rizal helps

the government in paying taxes. In this case, the government can provide
 74

different programs and projects such as developing infrastructure, roads,

education, health, and many more.

Contribution to the Growth of Related Industry

Through the Establishment of the Duck Specialty Business in Angono,

Rizal can contribute to a business industry that brings innovation to the

marketplace by providing the needs of the target customers, and facilitating their

growth and employment, which, in turn, greatly improves people’s lives.

In industry, the Establishment of a duck specialty Business in Angono,

Rizal provides the Philippines based in who loves different meal of ducks industry

growth and development due to the help of its endorsement and sales. And it can

provide the most suitable apparel to its customers.

In the hospitality industry, the Establishment of a duck specialty Business

in Angono, Rizal provides customers with the best products for Filipinos. This can

be compared to primary industries that produce raw materials and service

industries that produce intangible value.

Contribution to Foreign Exchange

Small and medium-sized enterprises (SMEs) make up the majority of

businesses around the world and are critical contributors to job creation and

global economic development, including foreign exchange. It will be the primary

link between the domestic and international markets for various goods, services,

and financial assets. Using the exchange rate, we can compare prices of goods,

services, and assets offered in different currencies.

 75

The global food trade is a diverse and complex operation in which most countries

strive to participate. They also view food exports as an essential source of

foreign exchange. The food trade's expansion and diversification can be

attributed to many factors.

Contribution to Philippine Household

The Duck Specialty Business will prove to be beneficial not just to the

owners and even to employees and customers because it would always abide by

sanitary and health standards.

The proposed feasibility study is aimed to help localities and to give tasty,

affordable, and healthy food to the locals, especially those who have no time to

cook meals for themselves.

Today’s generation of entrepreneurs needs to know the importance of

knowing that even small ventures that have an innovative idea in them could

have a huge impact, not just on the economy but also those who are looking for

jobs, and/or quality products.

Contribution to Philippine Workforce

The proposed business can contribute to the increasing rate of

unemployment in the Philippines by providing jobs and opportunities to people.

As the business expands, additional employees will be needed. Hence, the

business will hire more people and as a result, the business will increase its

workforce, contributing to the country’s rising unemployment rate.

 103

Chapter 8

RECOMMENDATIONS AND CONCLUSIONS

The conclusion and recommendations sections of the present research

are the focus of this chapter. This chapter synthesizes the study landscape's

findings into valuable suggestions and develops persuasive conclusions after

carefully examining the data, scrutinizing the available literature, and analyzing

the data. As the researchers make their way through the complex web of this

study, they reveal what they have learned and how these findings might influence

future research and guide decision-making. Furthermore, this chapter represents

the climax of the research team's work. It provides insightful advice, valuable tips,

and a sophisticated grasp of the issue, laying the foundation for fruitful discussion

and well-informed activities in the areas covered by this study.

Projected Problems

Based on the data gathered by the proponents during the research

process, the following were the common business problems that may also have

happened before or during the actual operation of the business:

1.The shortage of production and suppliers due to some unavoidable

circumstances.

2. The increasing price of raw materials due to unstable economic

conditions.

3. Customers' satisfaction changes as they go from one product to

another, seeking something that suits their preferences.

4. The tough competition between similar products.

 77

Recommendations

1. Conduct an extensive research to create a duck specialty dish that is

not only delicious but also packed with vital nutrients known to prevent diseases.

2. Create an affordable menu for customers by innovating the traditional

duck dishes. Ensuring affordability will widen the customer base and make the

specialty accessible to a broader audience.

3. Sourcing the ingredients locally and sustainably. Collaborate with local

farmers and suppliers who follow ethical and sustainable farming methods to

help and preserve but also build a positive business image.

4. Implement Best Practices and Continuous Improvement: Establish and

follow industry best practices for the handling, serving, and hygiene of food.

Analyze consumer feedback frequently and carry out internal audits to find areas

that could use improvement.

When intelligently carried out, these ideas can support the feasibility and

practicality of building a flourishing duck specialty in Angono, Rizal, aligning with

the stated goals and generating favorable outcomes for the neighborhood and

the company.

Conclusion

In conclusion, based on the results and conclusions of the survey, the

proponents concluded that the proposed firm is both practicable and viable. The

proponents should keep improving its quality, flavor, look, and packaging to

make the product more appealing to our customers. The availability of many
 78

tastes should also be enhanced since consumer preferences alter over time. By

using this tactic, the company could please current and devoted clients while

bringing in new ones.

The researchers determined the feasibility of the proposed business

through nutritional benefits, affordability and innovation, clean and sustainable

practices, employment opportunities, consistent best practices, and supporting

local government activities. This comprehensive analysis provided the basis for

determining the feasibility of the proposed business, addressing its objectives

effectively, and ensuring its potential for success.

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Webpage/Website

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Chinese Canadians in Vancouver. British Columbia: The University of
British Columbia. Retrieved from
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019-0020-8

Magat, M. (2019) local cuisine and their role in Filipino culture. Western Folklore.
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PCAARRD: Duck Industry Strategic Science and Technology Program. Paseo de

Valmayor, Timugan, Economic Garden Los Baños, Laguna. Retrieved
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Ratini, Melinda (2021) WebMD Editorial Contributors: “Are There Health Benefits
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March, 2023 | Clear Vision Family Center.

https://clearvisionfamilycenter.com/2023/03/

CALABARZON DOLE REGION

https://calabarzon.dole.gov.ph/regionadvisoriesarchive.php
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APPENDIX A
Business Logo
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APPENDIX B
Survey Questionnaire

Dear Respondent/s
The proponents are presently conducting a feasibility study as of part our
requirements for our Degree in Bachelor of Science in Business Administration
Major in Financial Management (BSBA FM 3-3) at University of Rizal System –
Binangonan Campus in our study entitled “Establishment of Duck Specialty
Business in Angono, Rizal”
In accordance to RA 10173 or the Data Privacy Act of 2012, all personal and/or
sensitive information sacrificed and disclosed from this questionnaire shall be
only used for the study only. The Cooperation and honest responses in this
instrument will be kept confidential.
You can choose whether or not to include your name in the respondent’s profile
to protect your privacy. Thank you for taking the time to complete this survey!
Sincerely yours,
The Proponents:
Angeles, Patricia Noreen A.
Salvador, Gem D.
Vertucio, Jhonnel G.

Profile of Respondents
Name (Optional) :
Location:
Sex:

❑ Female

❑ Male
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Have you been to or visited Angono, Rizal?

❑ Yes

❑ No

Do you eat duck?

❑ Yes

❑ No

Do you prefer the duck with a twist specialty to a regular fried duck?

❑ Yes

❑ No

What do you prefer duck specialty to eat and spend for a meal?

❑ Spicy duck caldereta - 320 pesos

❑ Duck sisig - 230 pesos

❑ Duck shanghai - 125 pesos

❑ Duck veggies salad - 150 pesos

❑ Fried Itik - 270 pesos

❑ Adobong Laman Loob - 120 pesos

What do you prefer drinks together with the duck specialty?

❑ Ice Tea ❑ Water ❑ Alcoholic Drinks

❑ Lemonade ❑ Softdrinks

Are you willing to buy the duck specialty?

❑ Yes

❑ No
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APPENDIX C
Application Form for Registration (BIR 1902)
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APPENDIX D
Requirements for Business Permit
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APPENDIX E
Business Permit and Certificate
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APPENDIX F
Sanitary Permit
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APPENDIX G
DTI PERMIT
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APPENDIX H
Documentary Stamp
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APPEDIX I
Fire Inspection Certificate
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APPENDIX J
Mayor’s Permit
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APPENDIX K
Capture Form for TIN Card
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APPENDIX L
Barangay Business Clearance
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APPENDIX M
Application for Registration (BIR 1903)
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APPENDIX N
Payment Form
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APPENDIX O
SSS Contribution Table
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APPENDIX P
PhilHealth Contribution Table
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APPENDIX Q
Pagibig Form
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GEM D. SALVADOR
E-mail: gemsalvador22@gmail.com
Address: 1034 Cequeña St. Sitio Fatima Palangoy
Binangonan, Rizal, Philippines

PERSONAL INFORMATION
Date of Birth: October 3, 2001
Age: 21 years old
Civil Status: Single
Citizenship: Filipino
Height: 4’11
Weight: 55kg
Religion: Iglesia Ni Cristo
Language/Dialect: Filipino, English

EDUCATIONAL BACKGROUND
Year Graduated
Primary
Doña Susana Madrigal Memorial School 2013-2014
Pantok Binangonan, Rizal

Junior High School

Vicente Madrigal National High School 2017-2018
Palangoy Binangonan, Rizal

Senior High School

Vicente Madrigal National High School (Senior) 2019-2020
Pantok Binangonan, Rizal

College
University of Rizal System 2020-present
Bachelor of Science in Business Administration
Major in Financial Management
Binangonan, Rizal
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JHONNEL G. VERTUCIO
E-mail: jhonnelvertucio458@gmail.com
Address: Quarry Road Pantok
Binangonan, Rizal, Philippines

PERSONAL INFORMATION
Date of Birth: January 5, 2000
Age: 23 years old
Civil Status: Single
Citizenship: Filipino
Height: 5’5
Weight: 54kg
Religion: Roman Catholic
Language/Dialect: Filipino, English

EDUCATIONAL BACKGROUND
Year Graduated
Primary
Doña Susana Madrigal Memorial School 2013-2014
Pantok Binangonan, Rizal

Junior High School

Vicente Madrigal National High School 2017-2018
Palangoy Binangonan, Rizal

Senior High School

Vicente Madrigal National High School (Senior) 2019-2020
Pantok Binangonan, Rizal

College
University of Rizal System 2020-present
Bachelor of Science in Business Administration
Major in Financial Management
Binangonan, Rizal
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PATRICIA NOREEN A. ANGELES

E-mail: patricianoreen.angeles29@gmail.com
Address: 133, F. Gonzalez St. Prinza
Teresa, Rizal, Philippines

PERSONAL INFORMATION
Date of Birth: October 29, 2001
Age: 21 years old
Civil Status: Single
Citizenship: Filipino
Height: 5’7
Weight: 50kg
Religion: Roman Catholic
Language/Dialect: Filipino, English

EDUCATIONAL BACKGROUND
Year Graduated
Primary
Mv Montessori Integrated School 2013-2014
Real Cardona, Rizal

Junior High School

Mv Montessori Integrated School 2017-2018
Real Cardona, Rizal

Senior High School

Tomas Claudio Colleges 2019-2020
Taghangin Morong, Rizal

College
University of Rizal System 2020-present
Bachelor of Science in Business Administration
Major in Financial Management
Binangonan, Rizal
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