Division of Gingoog City

Gingoog City Comprehensive National High School

Siomai de Banana Bell: Utilization of Banana Flower as Siomai

John Mark Amarante

Bellanova Agosto

Marian Gomez

Nenpa Paler

Ramil Ramirez

Leah Requerme

Grade 12 – Centaurus

January, 2022

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 APPROVAL SHEET

The study entitled Siomai de Banana Bell: Utilization of Banana Flower as Siomai is

prepared in partial fulfillment of the requirements of the subject Entrepreneurship, a

culminating activity of the HUMSS department, has been examined and approved for oral

examination. The study is submitted by:

JOHN MARK N. AMARANTE RAMIL D. RAMIREZ

Entrepreneur Entrepreneur

BELLANOVA AGOSTO MARIAN S. GOMEZ

Entrepreneur Entrepreneur

NENPA A. PALER LEAH REQUERME

Entrepreneur Entrepreneur

Approved by:

SUSAN T. APAREJO, Ph.D IDJYA D. YDER, Ph.D

Assisting Principal II Principal III

MARIA CHARMAINE B. VILLARAMPA, LPT

Subject Adviser

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 Dedication

We would like to dedicate this study to our Almighty God, to our parents, teachers, to

all facilitator, coaches, principal, Dr. Idjya D. Yder, to our assistant principal, Dr. Susan T.

Aparejo, PhD, and excellent mentor in Entrepreneurship subject, Mrs. Maria Charmaine B.

Villarampa.

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 Acknowledgement

We would like to thank everyone who contributed to the completion and success of

this project.

We would also like to express our heartfelt gratitude to our Almighty Father, who

provided us with guidance, knowledge, wisdom, and strength to carry out and complete our

research project. We thank him for protecting us during the study's execution in the midst of

the COVID-19 pandemic.

We are also grateful to Mrs. Maria Charmaine B. Villarampa, our Entrepreneurship

Subject Teacher, for guiding us throughout the study. We are grateful to her for sharing her

expertise and advice in the development of this study.

We thank our parents for their physical, mental, and financial support in carrying out

this study.

We thank our friends for their encouragement and assistance when we needed it

pursuing the study.

We thank the respondents who took part in the study for their honest responses and

for assisting us in making this project a success.

The Entrepreneurs

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 Table of Contents

Page

Chapter 1 INTRODUCTION

Background of the Study 8

Statement of the Problem 9

Scope and Limitation 11

Significance of the Study 11

Definition of Terms 11

Chapter 2 METHODOLOGY

Research Design 13

Research Locale 13

Location Map 13

Chapter 3 TECHNICAL STUDY

General Business Condition 14

Production Process 15

Product Description 16

Demand and Supply Study 16

Materials and Equipment 21

Plant Location 23

Plant Layout 24

Display Area 24

Storage Area 25

Kitchen Area 25

Seller’s Area 26

Office area 26

Chapter 4 MARKETING STRATEGY

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 Description of Output in the Industry 27

Size of Industry 27

Target Market 27

Market Segmentation 28

Marketing and Sales Activity 28

Details of the Product 28

Competition 29

Packaging 29

Marketing and Pricing Strategy 30

Positioning Map 30

SWOT Analysis 30

7p’s in Marketing 31

Marketing Assumption 32

Chapter 5 FINANCIAL STUDY

Financial Assumption 34

Financial Ratio 45

Chapter 6 MANAGEMENT STUDY

Form of Ownership 49

Articles of Partnership 49

Organizational Chart 51

Job Description and Analysis 52

Company/Management Policies 55

Chapter 7 SOCIO-ECONOMIC STUDY

Contribution to Income and Employment 59

Contribution to the Adherence to Government 59

Chapter 8 CONCLUSION AND RCOMMENDATION

GANTT Chart 60

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 Conclusion 61

Recommendation 61

Appendix

Questionnaire 62

References Cited 63

Picture Collage 64

Curriculum Vitae 65

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 CHAPTER 1

Introduction

Background of the Study

Food is referred to as any edible substance that is consumed for the purpose of

providing nutritional support to organisms. Human beings eat to provide energy to our bodies

in order to survive and gain high chances of living a long life. According to the Children for

Health Organization, food is classified into three types; the GO, GROW, and GLOW foods.

The GO foods provide energy to the body, the GROW foods help our bodies develop, while

the GLOW foods help protect our bodies from illnesses.

Good nutrition and the right selection of food can help your body prevent diseases

and maintain a good health. (Case-Lo, 2017). However, eating is not merely for health and

survival reasons. We eat to fulfill our food cravings and satisfy our taste buds. Regardless of

the nutritional disadvantages and price of the food, in human nature, we eat what we enjoy

and avoid what we dislike.

Siomai is a popular classic Chinese Dumpling. It could be an appetizer, a main dish,

or a snack. It is usually cooked through steaming, however in some restaurants, it is served

fried, soup, or in other forms (Merano, 2021). The main ingredients of the dish are often

pork, vegetables, wonton wrapper, spices and seasonings for additional flavor. It falls under

the GO food classification due to the wonton wrapper made from flour, GROW for containing

pork and egg, and GLOW for the vegetables inside. In the local market of Gingoog City,

Philippines, the ranging amount of Siomai is twenty pesos, which is good for three pieces.

Pork is the commonly used main ingredient in Siomai. In the Philippines, the price of

pork ranges from two hundred eighty to three hundred thirty-three pesos as of October,

2021, according to the Department of Agriculture. The pork production of the country is still

affected by aftereffect of African swine fever. It caused losses in the livestock of pig and

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chicken poultry farms in the Philippines. From 2019 to 2021, as the disease spread

throughout the Philippines, the region lost nearly $20 million per month, which lead to

increasing price of pork in Philippine markets as farmers try to recover losses (Ranola,

2021).

After a brainstorming session, the researchers were able to come up with a Siomai

product with a twist: instead of using pork, the researchers will use an organic substitute.

Banana blossom or banana heart will be used as the main ingredient of the said dish to

avoid the price increase of pork in the market as well as gaining more nutritious benefits for

the consumers.

Banana flower is a spongy, reddish tear-shaped flower that grows at the end of a

banana fruit cluster (Berril, 2019). It is well-known for having medicinal properties. It contains

essential minerals such as calcium, phosphorous, potassium, magnesium, copper, and iron,

which are required for a variety of bodily functions. The plant also provides health benefits to

those who consume it such as menstrual wellness, diabetes control, cancer and heart

disease prevention, anxiety reduction, and many more (Binu, 2020).

Thus, the researchers would like to produce a Siomai using Banana Flower as its

main ingredient naming the product as "Siomai de Banana Bell". The product can be

consumed as an appetizer, meal, or snack by individuals of all ages. It will be sold uncooked

in packs and fresh from the freezer to avoid food spoilage. As a compliance for the health

protocols of the Covid-19 pandemic, Siomai de Banana Bell will be sold online as it is a

current trend due to the prohibition of face-to-face interaction.

Statement of the Problem

The study Siomai de Banana Bell: Utilization of Saba Banana Flower as Siomai aims

to assess the utility and market potential of the product Siomai de Banana.

Specifically, it intends to assess the following;

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A. Marketing Aspect.

1. The target market of the study are the residents of Gingoog City.

2. Siomai de Banana Bell costs PHP 20 per pack, which consists of 3 pieces.

3. The ingredients for Siomai de Banana Bell will be bought at Gingoog City's public
market.

4. The product will be sold online and delivered to the customers' households. During

the delivery, health protocols will be followed.

5. The product will be sold for six days in a week, with the exception of Sunday,

which will be a day of rest for the employees. All orders placed on that day will be cancelled

or rescheduled for Monday.

6. The researcher will consider the price of the product to accommodate for the less

fortunate consumers and to make it more appealing to the people.

7. Siomai de Banana Bell will be promoted online, on any social media platform, and

on a tarpaulin near the location where the product was made.

B. Financial Aspect

1. Siomai de Banana Bell will need a capitalization of ₱107,570.84 in order to start

the production.

2. The funds would come from the members' personal savings.

3. The total expenses of the first year will be PHP 536, 790.00

4. The total net sales expected in the first year would be PHP 1,152,000.00

5. There will be financial statements prepared.

C. Socio-economic Aspect

1. Siomai de Banana Bell will provide customers with a healthier alternative to pork

Siomai because Banana Bell contains herbal elements that are beneficial to the body. It is

also more substantial than pork, which has a high market price.

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 2. Siomai de Banana Bell is convenient for it is a ready-to-cook food. It only needs to

be steamed at home.

Scope and Limitation

This study of “Banana Bell as Siomai” business will be based on its marketing,

financial, management, and socio-economic aspects. The store location will be at Zone 5,

Brgy. 19, Gingoog City and the entrepreneurs will do online selling in Facebook and

Instagram social media platform with door to door deliveries by following the IATF Health

Protocols. Orders through online, and door to door delivery with cash on hand.

People who would troll and make fun of the online business without the sheer

interest of buying the product will not be entertained. The delivery process is based on the

delivery guidelines of the company.

Significance of the Study

The results of “Siomai De Banana Bell” will benefit the following:

 Costumers- the product contains nutrients that are good for the body. Affordable for

the family and it is easy to cook.

 Economy- the business brings growth and progress to the community that helps the

development of economy particularly to the farm industry.

 Researchers- they could gain new knowledge and skills that could be of use for their

profession specifically business-related students.

 Future Researchers- this research will be a useful reference for the researchers

who would plan to make a study to this research.

Definition of Terms
For further comprehension of this study, the following definitions of terms are
provided:
Capitalization - the provision of capital for a company

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Demand - the desire of purchasers, consumers, clients, employers, etc., for a
particular commodity, service, product, or other item
Expense - the money spent, or costs incurred, by a business in their effort to
generate revenues
Marketing - the action or business of promoting and selling products or services,
including market research and advertising.
Net Sales - sum of a company's gross sales minus its returns, allowances, and
discounts
Non-VAT - that the individual or entity does not have annual gross sales or receipts
exceeding the current limit
Online Selling- products are sold thru the use of internet
Packaging - science, art and technology of enclosing or protecting products for
distribution, storage, sale, and use.
Production - the action of making or manufacturing from components or raw
materials
Siomai de Banana Bell - the product name of the banana bell siomai
Supply - the quantity of product or service a business has to offer to its client at a
particular point in time
Target Market - a particular group of consumers at which a product or service is
aimed

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 CHAPTER 2
METHODOLOGY

This chapter discusses and describes how the researchers will gather important data

and information that will be used in the whole study. The respondents and the focus of the

research will be described here. This also shows the procedure for the sources and

methods of collecting data. This chapter consists of Research Design, Research Locale,

and Location Map.

Research Design

The data for this study was collected using a descriptive method. It accurately

portrays a person, an event, or a circumstance. Descriptive research involves gathering data

that describe events and then organizes, tabulates, depicts, and describes the data

collection (Glass & Hopkins, 1984). It often uses visual aids such as graphs and charts to aid

the reader in understanding the data distribution. To obtain information, the researchers

employed a survey questionnaire through google form.

Research Locale

The researchers will distribute the questionnaire through Google form. People who live

in the given area will be the responders, and the researchers' product will be distributed in

the same area.

Location Map

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 CHAPTER 3
TECHNICAL STUDY

This study discusses about the process of production, workflow of the process,

business condition, and demand and supply study. It also states the organizational chart,

materials and equipment that are used in the production and other aspects regarding raw

materials. The list of material and equipment are enumerated with their corresponding

meaning and uses.

General Business Condition

We shall be entitled to increase the number of production it changes to raw materials,

honorarium, freight in, packaging and other changes occur.

Some ingredients must be kept clean and in a good condition, and they must only be

used for preserving foods. In an, appropriate container, place the securely fitting lids.

Receiving and product handling should be done away from animals. Store in a mini fridge or

refrigerators as well, prevent refreezing shaved food, and handle high- risk foods with

caution.

Before beginning of work, prepare, combine, or handle any ingredients that will be

employed in the production of the product. It is necessary to keep worktops clean, cut your

nails short, and remove all your jewelries including rings, bracelet, earrings and other items

that may interfere with your job or preparation. Hands and arms should be washed properly

and PPE (Personal Protective Equipment) should be worn to protect workers from injury that

may occur while on the job.

In the production of the product workplace must be properly clean before leaving.

The utensils such as knife, mixing bowls, trays and other kitchen utensils must be kept clean

and dry to prevent from any bacterial contamination.

Employees are not allowed to wear PPE outside the plant location. Employees shall

be prohibited from smoking and eating while preparing and producing banana bell as

Siomai.

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Production Process

The production process discusses how the products will be produced, specifying

each step that will be involved. The said steps will be shown in a process flow chart. The

ingredients are listed:

Ingredients

3 kg ground banana bell

2 kg ground pork

¼ kg garlic

50 g peeper

2 packs Soy Sauce

¼ kg ginger

3 packs siomai wrapper

¼ kg onion

Workflow of the process

Ground the banana bell

Prepare all the spices

Mix all the ingredients

Pack by piece using siomai wrappers

Pack by 3 pieces for selling

Step by step procedure

1 Cut the banana bell and the dried shitake mushroom then grind it

2 Cut all the spices and mix all the ingredients

3 Put it in the Siomai wrappers

4 Pack in a resealable bag.

5 Store in freezer for longer storage.

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Product Description

Making of Siomai using banana bell and offers consumers another variety of food

product that is a healthy substitute goods for pork and chicken Siomai. This banana bell

Siomai is available in spicy and regular sauce.

Demand and Supply Study

1.Nakatilaw na ba ka og siomai?

Respondent’s Answer
Yes 50
No 0

The result shows that 50 of the respondents answered that they have

already taste siomai. This means that our product is good and has a big possibility to be in

demand in the market.

2. Pwede ba himoong siomai ang puso sa saging?

Respondent’s Answer
Yes 48
No 2

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 The results shows 48 of the respondents answered yes in the idea of making the

banana bell into siomai while 2 of the respondents disagree about the given idea. This

shows that siomai de banana bell has a high chance of being viable to the market. This also

means that the idea of siomai made in banana bell is interesting for them.

3. Maayu ba ang puso sa saging sa kalawasan?

Respondent’s Answer
Yes 50
No 0

The result shows that 50 respondents believe that the banana bell is beneficial in their

body. This is a positive result for the product since there will be more people which is into

buying our product.

4. Mopalit baka sa siomai na gihimo sa puso sa saging?

Respondent’s Answer
Yes 48
No 2

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 Based on the result, siomai de banana bell passed the interest of the target market

with 96% of the respondents answering yes. 4% of the respondents answered no which

means that siomai de banana bell does not meet their interest.

5.Ganahan baka og siomai na gihimo sa karne?

Respondent’s Answer
Yes 50
No 0

Based on the results, 50 of the respondents answered that they like to eat siomai

made with meat. This means that in the target market, there are more people that like to buy

meat product than those who doesn’t making the siomai de banana bell more viable to sell

since our siomai contains meat also.

6. Sulit ba ang pagpalit nimo sa among produkto?

Respondent’s Answer
Yes 48
No 2

Based on the results, 48 of the respondents agree that they did not waste their money in

buying our product while 2 of the respondents disagree. This means that there are more

people believe that our product is good than those who believe that it is no

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7. Ganahan baka himoon ug sud-an ang siomai?

Respondent’s Answer
Yes 42
No 8

The result showed that 84% of the respondents prepare their own viand and 16%

of them doesn’t. This shows that the product is more viable since it will help on the people to

exert less effort on having food faster especially most of them prepare their own food.

8. Safety ba ang puso sa saging nga paga-himoon ug siomai?

Respondent’s Answer
Yes 49
No 1

The results shows that 49 respondents believe that banana bell is safe to make a

siomai . This means that people will not be afraid on buying our product and woll have a big

possibility to be viable since it is made of vegetable.

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9. Nakuha ba sa among produkto ang imong interest?

Respondent’s Answer
Yes 48
No 2

Based on the result, siomai de banana bell passed the interest of the target market

with 96% of the respondents answering yes. 4% of the respondents answered no which

means that siomai de banana bell does not meet their interest.

10. Nalipay ba ka sa pagkaon sa among siomai?

Respondent’s Answer
Yes 49
No 1

The results shows that 49 of the respondents are happy after eating our product

while 2 people answered not. This means that there are more people who are satisfied and

happy with our product.

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Materials and Equipment
1. Knife - Knives are used for cutting and slicing for specific ingredients.

2. Trays - A tray is a flat piece of metal, which usually has raised edges and which is
used for carrying things and this is where the siomai were placed before putting it in
the packaging.

3. Plastic Hand Gloves - protect both hands and food from cross contamination. Instead
using the hands directly in touching the ingredients

4. Mixing Bowl – A bowl used to mix the ingredients.

5. Measuring Spoon – A spoon used to measure the right volume of ingredients to be

used.

6. Cellphone - Cellphone is used for posting online or doing online advertisement and
communicating with online buyers.

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7. Refrigerator - Refrigerator is equipment that uses electricity to preserve food at a cold
temperature. This will be used as storage for the banana bell siomai.

8. Grinder – A machine used to grind the banana bell and the mushroom.

9. Impulse Heat Sealer – an equipment used to seal polyethylene bags by applying

heat to the plastic.

10. Chopping Board – a wood used for chopping the spices

11. Internet Broadband – A broadband for internet connection.

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 12. Siomai Wrapper- A wrapper to put the banana bell Siomai

13. Resealable plastic bag- this is where the banana Siomai will be placed. This is the
packaging bag for the Siomai

Plant location

The plant location is located at Zone 5, Barangay 19, Gingoog City, specifically at
Paler Residence.

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Plant Layout
The plant layout is intended to ensure the success of the proposed business's
operations and processes (Siomai de Banana Bell).

Display Area

This area (Glass Door Refrigerator) is the place where all finished product of Siomai
de Banana Bell will be displayed and taken photos for promotion on social media,
specifically Facebook and Instagram.

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Storage Area
This is the area where the ingredients and the finished product (Siomai de Banana
Bell) will be placed for preservation.

Kitchen Area
This is the view or the area where the Siomai de Banana Bell will be prepared.

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 CHAPTER IV

MARKETING ASPECT

This chapter focuses on the company's marketing efforts. The following are the

marketing aspects: description of output in the industry, industry size, target market, market

segmentation, demand study, marketing of sales activity, product details, competition,

packaging, marketing strategy, price, positioning map, and finally, SWOT analysis.

Description of Output in the Industry

Siomai is a kind of food which is well-known in many places, especially in its place of

origin, China. It can be served steamed, fried, and sometimes soup. In the Philippines,

Siomai is usually made of pork meat.

Siomai is commonly bought in restaurants and food stalls. In Gingoog city, the most

popular place that sells Siomai is in Pantalan or Gingoog de bay. The price usually ranges

from 20-30, good for 3 pieces.

The entrepreneurs decided to sell Siomai but instead of using pork as its main

ingredient, Banana bell or banana blossom will be used. The product will then be named,

“Siomai de banana bell”. Banana bells are healthier compared to pork meat, therefore it can

be nutritious and beneficial to the consumers.

Size of Industry

There are 124, 648 citizens with 26,307 households in Gingoog City as of latest

census figures in 2015. This people are potential buyers of the product and this data shows

how large the market is within the city. However, if there are citizens outside the city that

wants to buy the product, then the entrepreneurs will not limit them.

Target Market

The target market of this business is the citizens of Gingoog City especially families

who wants to order. This means that the target market of the product has a big scope.

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Market Segmentation

Siomai de banana bell considers the families of Gingoog City. Those families and

people who have the willingness to buy siomai and have the capability to purchase the

product will be our potential customers. The entrepreneurs guarantee to extend the time and

effort to know the needs, wants, and preferences of the customers in order to meet the

satisfaction and conduct innovations of the siomai de banana bell.

Marketing and Sales Activity

The researchers turn the regular siomai into a siomai de banana bell. This product is

placed in a packaging.

The following activities should be followed:

 The business will do online advertisement and online posting once a week starting

from November 2022.

 The business will create, design, and post a tarpaulin about the product that serves

as advertisement once a year starting November 2022.

The marketing and sales activities mentioned above should be followed and any

necessary adjustments could be made.

Details of the Product

Siomai is popular here in our country Philippines. This is commonly found in the

market or food stalls. Siomai is usually ground pork, shrimp, and shitake mushrooms. It may

include spice powder, ground pepper, vegetables, salt and soy sauce.

Siomai is made of natural and fresh meat. This kind of siomai is nutritious and

flavorful since it contains nutrients and vitamins of the banana bell. Banana bell is packed

with essential minerals such as phosphorous, calcium, potassium, copper, magnesium and

iron, vital for several bodily functions. Banana bell possess the Vitamin C, A, E, fiber and

potassium which are the sources of healthy nutrient.

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Competition

In Gingoog City, competition of siomai is strong because it can almost be found

everywhere. Siomai are in the frozen food section Prince hypermart and in any food stalls in

Gingoog city. However, the researchers noticed that there are no stores that sell Siomai with

a twist and meat has already raised its price. For these reasons, the researchers decided to

add a twist on a regular siomai to make it unique among others where banana bell is used

instead of pork meat.

Packaging

Packaging is crucial in business because it represents your product to the outside

world. The wellness of the product packaging can help a business attract more customers.

Siomai de Banana Bell's printed packaging includes the brand name, business and product

logos, description of the product, contact information, manufacturing date, and expiry date.

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Marketing and Pricing Strategy

To have a marketing strategy is very important in a business. The researchers plan

to decide marketing strategies and these are the following:

 Pricing- The price of the banana bell siomai is just and fair to both buyer and the

business. The product is so affordable that can attract customers.

 Product Placement- The product is to be placed in the most convenient place for both

buyer and seller.

 Advertising- Product will be advertised through online advertisement and posting.

 Publicity- Aside doing online selling, tarpaulins will also be posted to the public.

Branding- The logo of the business or the product is visible in the packaging of the product

Positioning Map

SWOT Analysis

Strength

 The product is healthy

 Sold in a lower and affordable price

 Sold online and delivered to the buyer, door-to-door

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  Promoted online, which can gather more potential buyers.

 Product is new to the market and can get attention from curious buyers.

 The product only needs a small amount of capital.

Weaknesses

 The location is not easily accessed by the consumers

 People are unfamiliar with the product and might become hesitant to purchase it

 Banana bell has a bitter taste and might affect the overall taste of the product

Opportunities

 More job opportunities

 Earn more profit with wider target market

Threats
 Inflation rate
 Market competitors

7P’s in Marketing
Price
 The business set the price of the siomai de banana bell that is fair both to the
buyer and the business. The price is affordable for the customers, at the same
time, business can gain profit from it.
 There are known meat shops around the city threatening the business as the
consumers may choose it over the product
 The entrepreneurs made sure that the price of the product will gain profits for the
business, but, they also put into consideration the cost of production. The price of
the product is PHP 160.00 per pack

Product
Siomai de banana bell is a siomai that is made with vegetable (banana bell)
which is the main ingredients. It also include condiments like pepper and ginger
and a small amount of meat. Other ingredients include are cornstarch, siomai
wrapper, mushroom and water.
Place

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  The plant location is convenient to the sellers since the areas are present and
space is wide for preparation.
 The consumers need not to worry about the plant location since the mode of
transaction is online and door to door delivery to a place convenient for them.
Promotion
 In order to attract more customers, the entrepreneurs will do different ways in
promoting the product.
 A tarpaulin will be designed and placed in front of the plant location.
 The product will also be promoted online using social media posting.

Packaging
 The product will be packed in an enclosed polyethylene bag and the packed
products will be pasted with a logo of the brand with manufacturing date and
expiration date.

People
 The employees are bookkeeping manager, online sales attendant, purchaser,
cashier, production staff, and delivery personnel. Positive communication and
fast response online is a must. Any complaints will be paid attention to and will
not be ignored
Process
 Process of this service starts from prepared products which is already frozen.
Customers will order through online and the delivery personnel with deliver door
to door. Payment will be cash on delivery.

Marketing Assumption

There may be a certain assumption that needs to be made in the marketing planning
process. Many assumptions have made it become necessary to review the plan periodically
to check whether the assumptions are reasonable based in the changing environment.
Assumptions should be as few as possible and if they are not needed then they should not
be introduced. For each assumption, a contingency plan should be formulated, so in the
vase of an assumption being wrong, the appropriate contingency plan can be brought in.

Marketing Assumptions may include:

 Assume that price will remain constant.

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 Assume that there is no new registration will affect the industry.
 Right amount of customers that will want our product so we can generate
adequate sales to make as a profit for the long run.

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 CHAPTER V

FINANCIAL STUDY

This chapter discusses the financial aspect of the study. This consists of financial
assumptions, initial capital requirement, and projected financial statements for 3 years.

Financial Assumption

a. Selling price of a pack (containing 3 pieces) of Siomai de Banana Bell is P 20.00

b. Purchase of Raw Materials increases 1% every year.

c. Honorarium increases 1% every year.

d. Packaging increases 1% every year.

e. Promotional expense increases 2% every year.

f. Rent expense increases 2% every year.

g. Depreciation expense is computed in straight line basis with an estimated useful life of 3
years.

h. Renovation expense is applied only in the first year.

i. Office supplies increases 3% every year.

j. Kitchen utensils are purchased only in the first year.

k. Freight In increases 1% every year.

m. Sanitary Permit increases 2% every year.

n. Business Permit increases 3% every year consists of Barangay Clearance, Mayor’s

Permit, BIR Certificate of Registration, and DTI Business Name Certificate.

o. Business Permit in the 2nd year to 3rd has less than Php500.00 from the first year since
DTI Business Name Registration is renewed every 3 years.

p. Utilities expense increases 3% every year.

q. Sanitary expense increases 2% every year.

r. Each entrepreneur has ₱17,928.47 contribution for the initial capital requirement.

s. Cost of Goods Sold increase 1% every year.

t. Load expense 1% every year.

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 Table 1. Selling Price
Product Specification Selling Price

Siomai de Banana Bell ₱20. 00 (3) pcs.

Table 2. Store Hours

Day Hours

Monday 6:00 a.m. to 7: 00 p.m.

Tuesday 6:00 a.m. to 7: 00 p.m.

Wednesday 6:00 a.m. to 7: 00 p.m.

Thursday
6:00 a.m. to 7: 00 p.m.
Friday
6:00 a.m. to 7: 00 p.m.
Saturday
6:00 a.m. to 7: 00 p.m.
Sunday
Rest Day

Table 3. Start-up Cost

Items Amount

Purchase of Raw Materials 24,824.00

Honorarium 35, 520. 00

Packaging 4, 500. 00

Promotional Expense 196. 00

Rent Expense 3, 000. 00

Furniture expense 1, 920, 00

Equipment 22, 800. 00

Renovation Expense 3, 700. 00

Office Supplies 3,000.50

Kitchen Utensils 2, 128. 00

35
 Freight in 864. 00

Allocation for Permits and Licenses 333.34

Utilities Expense 1, 430. 00

Load Expense 300. 00

Sanitary Expense 1, 805. 00

Freight out 1, 250. 00

Total ₱107,570.84

Table 4. Raw Materials

Items Quantity Unit Price Total Monthly Year 1 Year 2 Year 3
Price Cost
Banana 3 kg 78. 00 234. 00 5, 616. 00 67,392 68,065.92 68,746.58
Flower
Ground 2 kg 280. 00 560.00 13, 400 160, 800.00 162, 408.00 164, 032.08
pork
Garlic ¼ kg 110. 00 27. 50 660. 00 7, 920. 00 7, 999. 20 8, 079. 19

Pepper 50 g 45. 00 45. 00 1, 080. 00 12, 960. 00 13, 089.60 13, 220.50
Soy 2 packs 11. 00 22. 00 528. 00 6, 336. 00 6, 399. 36 6, 463. 35
Sauce
Ginger ¼ kg 50. 00 12. 50 300. 00 3, 600. 00 3, 636. 00 3, 672. 36
Siomai 3 packs 45. 00 135. 00 3, 240. 00 38, 880. 00 39, 268. 80 39, 661. 49
Wrapper
Onion ¼ kg 100. 00 25. 00 600. 00 7, 200. 00 7, 272. 00 7, 344. 72
TOTAL ₱24,824.00 ₱297.888.00 ₱300,866.88 ₱303,875.55

Table 5. Honorarium
Position Daily Cost Monthly Cost Year 1 Year 2 Year 3
Manager 300. 00 7, 200. 00 86, 400. 00 87, 264. 00 88, 136. 64
Cashier 250. 00 6, 000. 00 72, 000. 00 72, 720. 00 73, 447. 20
Cook 300. 00 7, 200. 00 86, 400. 00 87, 264. 00 88, 136. 64
Online-Sales 200. 00 4, 800. 00 57, 600. 00 58, 176. 00 58,757.76
Attendant
Delivery 250. 00 6, 000. 00 72, 000. 00 72, 720. 00 73, 447.20
Personnel
Purchaser 180. 00 4,320.00 51,840.00 52,358.40 52,881.98
Total ₱35, 520. 00 ₱426, 240. 00 ₱430, 502. 40 ₱434, 807. 42

36
 Table 6. Packaging

Items Quantity Unit Cost Monthly Year 1 Year 2 Year 3

Cost
Resealable 100 pcs 50. 00 1,500. 00 18, 000. 00 18, 180. 00 18, 361. 8
Plastic bag
Brand 100 pages 100. 00 3, 000. 00 36, 000. 00 36, 360. 00 36, 723. 00
Printing
Total ₱4, 500. 00 ₱54, 000. 00 ₱54, 540. 00 ₱55, 085. 40

Table 7. Promotional Expense

Item Monthly cost Year 1 Year 2 Year 3
Tarpaulin 196. 00 196. 00 199. 92 203. 92
Total ₱196. 00 ₱196. 00 ₱199. 92 ₱203. 92

Table 8. Rent Expense

Item Monthly Cost Year 1 Year 2 Year 3

Rent 3, 000. 00 36, 000. 00 36, 720. 00 37, 454. 4

Total ₱3, 000. 00 ₱36, 000. 00 ₱36, 720. 00 ₱37, 454. 4

Table 9. Furnitures and Fixtures

Item Quantity Price Amount
Table 2 pcs. 300.00 600.00
Chair 6pcs. 220.00 1,320.00
Total ₱1,920.00

Table 10: Equipment

37
 Item Quantity Price Amount
Refrigerator 1 pc. 12,000.00 12,000.00
Grinder 1 pc. 6,000.00 6,000.00
Cellphone 1 pc. 2,700.00 2,700.00
Internet Broadband 1 pc. 900.00 900.00
Electric Fan 2pcs. 600.00 1,200.00
₱22, 800.
TOTAL
00

Table 11: Depreciation

Estimated
Item Amount Depreciation Expense
Useful Life
Table 600.00 3 200.00
Chair 1,Table 12: Renovation
320.00 3 Expense 440.00
Item
Electric Fan 1,200.00 3 Amount
400.00
Refrigerator
Materials 12,000.00 3 4,000.00
2,750.00
Grinder(2 days)
Wage 6,000.00 3 2,000.00
750.00
Cellphone
Meal 2, 700.00 3 900.00
200.00
Internet ₱
Total 900.00 3 300.00
Broadband 3,700.00
₱
Total ₱ 8,240.00
24,720.00

Schedule 13: Office Supplies

Monthly
Item Quantity Price Year 1 Year 2 Year 3
Cost
Ballpen 6 pcs. 5.00 30.00 360.00 370.80 381.92
Bondpaper(Long) 1 ream 195.00 195.00 1,170.00 1,205.10 1,241.25
Stapler (#35) 2 pcs. 120.00 240.00 240.00 - -
Staple Wire 1 box 35.00 35.00 210.00 216.30 222.78
Folder 3 pcs. 5.50 16.50 198.00 203.94 210.05
Puncher 1 pc. 45.00 45.00 45.00 - -
Fastener 3 pcs. 2.00 6.00 72.00 74.16 76.38
Double Sided Tape 4 pcs. 20.00 80.00 960.00 988.80 1,018.46
Calculator 1 pc. 550.00 550.00 550.00 - -
Money Drawer 1 pc. 532.00 532.00 532.00 - -
Blank Receipt (50
48 pcs. 15.00 720.00 8,640.00 8,899.20 9,166.17
page)

38
 Pencil 1 box 78.00 78.00 312.00 321.36 331.36
Matrix Pencil
1 pc. 250.00 250.00 250.00 - -
Sharpener
Stainless Ruler
1 pc. 150.00 150.00 150.00 - -
(24")
Scissor 2 pcs. 20.00 40.00 40.00 - -
General Ledger 1 pc. 33.00 33.00 132.00 135.96 140.03
Total ₱3,000.50 ₱13,861.00 ₱12,415.62 ₱12,788.40

Schedule 14: Kitchen Utensils

Item Quantity Price Amount
Mixing Bowl 10 pcs. 99.00 990.00
Measuring Cups 1 set 50.00 150.00
Measuring Spoons 1 set 99.00 99.00
Trays 5 pcs. 95.00 475.00
Knife 2 pcs. 49.00 98.00
Tong 2 pcs. 69.00 138.00
Chopping Board 2 pcs. 89.00 178.00
₱650.0 ₱
Total
0 2,128.00

Schedule 15: Freight In

Item Monthly Cost Year 1 Year 2 Year 3

Freight In 982.33 11, 788.00 11, 905.88 12, 024.94

Total ₱ 982.33Schedule 16:

₱ Permits
10,368.00
and Licenses₱11, 905.88 ₱12, 024.94

Item Monthly Year 1 Year 2 Year 3

Cost
Business permit 291.67 3,500.00 3,060.00 3,151.80
Sanitary Permit 41.67
Table 17: 500.00
Utilities Expense 510.00 525.30
Items Total Monthly Cost Year 1₱4,000.0 ₱3,570.00
333.34 Year 2 ₱3,677.10 Year 3
Water 230. 00 2, 760. 00 0 2, 842. 8 2, 928. 08
Electricity 1, 200. 00 14, 400. 00 14, 832. 00 15, 276. 96
TOTAL ₱1, 430. 00 ₱17, 160. 00 ₱17, 674. 00 ₱18, 205. 04

Table 18. Load Expense

Item Monthly cost Year 1 Year 2 Year 3
Load 300. 00 3,600. 00 3,636.00 3,672. 36
Total ₱ 300. 00 ₱ 3,600. 00 ₱ 3,636.00 ₱ 3,672. 36

39
 Table 19: Sanitary Expense
Monthly
Item Quantity Price Year 1 Year 2 Year 3
Cost
Broom Stick 2 pcs. 70.00 140.00 140.00 142.80 145.65
Dishwashing
1 bottle 99.00 99.00 1,188.00 1,211.76 1,235.99
soap (1L)
Dustpan 1 pc. 35.00 35.00 35.00 - -
Apron 2 pcs. 35.00 70.00 70.00 71.40 72.82
Hair Net 2 pcs. 25.00 50.00 200.00 204.00 208.08
Disposable
Face Mask 2 boxes 100.00 200.00 2,400.00 2,448.00 2,496.96
(50pcs.)
Face Shield 6 pcs. 15.00 90.00 360.00 367.20 374.54
Alcohol (1L) 1 bottle 150.00 150.00 1,800.00 1,836.00 1,872.72
Disposable
Kitchen
1 box 135.00 135.00 810.00 826.20 842.72
Gloves (100
pcs.)
Trash bag 8 rolls 35.00 280.00 3,360.00 3,427.20 3,495.74
Trash bins 3 bins 150.00 450.00 450.00 - -
Hand Towel 2 pcs. 10.00 20.00 40.00 40.80 41.61
Laundry
Soap 2doz. 48.00 96.00 1,152.00 1,175.04 1,198.54
(Powder)
₱1,805.0 ₱12,005.0 ₱11,985.3
Total ₱11,750.4
0 0 7

Table 20: Initial Capital Requirement

Partners Ratio Invested Amount
Amarante, John Mark N. 16.66% 17,928.47
Ramirez, Ramil II D. 16.66% 17,928.47
Agosto, Bellanova 16.66% 17,928.47
Table 21: Projected Statement of Cost of Goods Sold
Gomez, Marian S. 16.66% 17,928.47
Paler, Nenpa 16.66% 17,928.47
Requerme, Leah Year 116.66% Year 2 17,928.47 Year 3
TOTAL
Purchase of Raw 297.888.00 100.00% 300,866.88 P107,570.84 303,875.55
Materials
Packaging 54,000.00 54,540.00 55,085.40
Freight in 10,368.00 10,471.68 10,576.40
Total ₱362,256.00 ₱ 365,878.56 ₱ 369,537.35

40
 Table 22: Projected Demand and Sales
Item Year 1 Year 2 Year 3
Demand 57,600 59,328 61108
Total 57,600 59,328 61108

Sales ₱1,152,000.00 ₱1,186,560.00 ₱1,222,156.8

Total ₱1,152,000.00 ₱1,186,560.00 ₱1,222,156.8

Table 23: Projected Income Statement

Year 1 Year 2 Year 3
Sales 1,152,000.00 1,186,560.00 1,222,156.80
Less: Cost of Goods
Sold 362,256.00 365,878.56 369,537.35

Gross Sales 789,744.00 820,681.44 852,619.45

Less: Operating
Expense
Honorarium 426, 240. 00 430, 502. 40 434, 807. 42
Packaging 54, 000. 00 54, 540. 00 55, 085. 40
Promotional 196. 00 199. 92 203. 92
Expense
Rent Expense 36, 000. 00 36, 720. 00 37, 454. 4
Renovation Expense 3,700.00 - -
Office Supplies 13,861.00 12,415.62 12,788.40
Kitchen Utensils 2,128.00 - -
Permits and
4,000.00 4,120.00 4,243.60
Licenses
Utilities Expense 17, 160. 00 17, 674. 00 18, 205. 04
Load Expense 3,600. 00 3,636.00 3,672. 36
Sanitary Expense 12,005.00 11,750.40 11,985.37
Total Expense 536, 790.00 559, 807.94 578, 536.91
Net Income 252, 954.00 260, 873.50 274, 082.54

41
 Table 24: Project Cash Flow
Year 1 Year 2 Year 3
Cash - 344, 044.84 646, 995.02
Balance Beginning
Partners’ 107,570.84 - -
Contribution
Sales 1,152,000.00 1,186,560.00 1,222,156.80

Total Inflows 1,259,570.84 1,530,604.84 1, 869, 151.82

Cash Outflows

Raw Materials 297.888.00 300,866.88 303,875.55

Honorarium 426, 240. 00 430, 502. 40 434, 807. 42
Packaging 54, 000. 00 54, 540. 00 55, 085. 40
Promotional 196. 00 199. 92 203. 92
Expense
Rent Expense 36, 000. 00 36, 000. 00 37, 454. 4
Furniture and 1,920.00 - -
Fixtures
Equipment 22,800. 00 - -
Renovation Expense 3,700.00 - -
Office Supplies 13,861.00 12,415.62 12,788.40
Kitchen Utensils 2,128.00 - -
Freight in 11,788.00 11, 905.88 12, 024.94
Permits and
4,000.00 4,120.00 4,243.60
Licenses
Utilities Expense 17, 160. 00 17, 674. 00 18, 205. 04
Load Expense 3,600. 00 3,636.00 3,672. 36
Sanitary Expense 12,005.00 11,750.40 11,985.37
Depreciation 8,240.00
Total Cash Outflow 915, 526.00 883, 609.82 894, 346.40
Cash Balance 344, 044.84 646, 995.02 974, 805.42
Ending

42
 Table 25: Balance Sheet
Year 1 Year 2 Year 3
Current Asset
Cash 344, 044.84 646, 995.02 974, 805.42
Account Receivable - - -
Total Current 344, 044.84 646, 995.02 974, 805.42
Asset
Non-current Assets
Table 600.00 600.00 600.00
Accumulated 200.00 400.00 600.00
Depreciation
Total 400.00 200.00 -
Chair 1,320.00 1,320.00 1,320.00
Accumulated 440.00 880.00 1,320.00
Depreciation
Total 880.00 440.00 -
Electric fan 1,200.00 1,200.00 1,200.00
Accumulated 400.00 800.00 1,200.00
Depreciation
Total 800.00 400.00 -
Refrigerator 12,000.00 12,000.00 12,000.00
Accumulated 4,000.00 8,000.00 12,000.00
Depreciation
Total 8,000.00 4,000.00 -
Grinder 6,000.00 6,000.00 6,000.00
Accumulated 2,000.00 4,000.00 6,000.00
Depreciation
Total 4,000.00 2,000.00 -
Cellphone 2,700.00 2,700.00 2,700.00
Accumulated 900.00 1,800.00 2,700.00
Depreciation
Total 1,800.00 900 -
Internet Broadband 900.00 900.00 900.00
Accumulated 300.00 600.00 900.00
Depreciation
Total 600.00 300.00 -
Total Non-current 16,480.00 9,640.00 -
Asset
Total Asset 360, 524.84 656, 635.02 974, 805.42
Partner’s Equity

Partner’s 107,570.84 - -
Contribution
Net Profit 252, 570.84 260, 873.50 274, 082.54
Retained Earnings 360, 524.84 621,398.34
Total Equity 360, 524.84 621,398.34 895,480.88

43
Financial Ratio

Users of financial statements gain access to measures that provide insight into the

profitability of operations, the soundness of the business's short-term and long-term financial

condition, and the efficiency with which management has used the resources entrusted to it

through ratio analysis.

Financial ratios are classified as follows:

1. Margin of gross profit. It is a metric used to evaluate a company's financial health by

revealing the amount of money left over after deducting the cost of goods sold from sales.

The gross profit margin is frequently expressed as a percentage of sales and is sometimes

referred to as the gross margin ratio.

Year 1

Gross Profit = 789,744.00 = 69.34%

Net Sales 1,152,000.00

Year 2

Gross Profit = 820,681.44 = 69.16%

Net Sales 1,186,560.00

Year 3

Gross Profit = 852,612.45 = 69.76%

Net Sales 1,222,156.80

The gross profit of Siomai de Banana Bells for 3 years had decreased in the

second year; however it was able to increase in the third year. The gross profit margin is

69.76% in the third year which means that for every peso of revenue generated, 69.76

centavo is retained while 30.24 centavo is attributed to the cost of goods sold.

44
2. Net Profit Margin Rate. Shows how much after-tax profit is generated for every peso of

sales and reveals the company's operating efficiency. It reflects how well a company

converts its sales into profits.

Year 1

Net Income = 252,954.00 = 21.96%

Net Sales 1,152,000.00

Year 2

Net Income = 260,873.50 = 21.99%

Net Sales 1,186,560.00

Year 3

Net Income = 274,082.54 = 22.43%

Net Sales 1,222,156.80

The business's net profit margin is rising from 21.96 percent to 22.43 percent. The

net profit margin rate in the first year is 21.96 percent, which means that every peso sold

contributes 21.96 centavo to the business's net profits. As the business continues to

operate, it eventually achieves a good net profit margin, indicating that the business is

profitable.

3. ROI (Return on Investment). It is a proportion of net profit to investment cost. A high ROI

indicates that the gains from the investment outweigh the costs. ROI is used as a

performance measure to evaluate the efficiency of an investment or to compare the

efficiencies of various investments.

Year 1

Net Income = 252,954.00 = 70.16%

Average Total Assets 360,524.84

Year 2

Net Income = 260,873.50

Average Total Assets 360,524.84+656,635.02
2
= 260,873.50 = 51.29%
508,579.93

45
Year 3

Net Income = 274,082.54

Average Total Assets 656,635.02+974,805.42
2
= 274,082.54 = 33.60%
815,720.22

Every year, the business' return on investment decreases. The return on investment

is 70.16 percent in year one, 51.29 percent in year two, and 33.06 percent in year three.

However, this does not imply that the company has a poor return on investment. According

to Smallbiz Rising (2017), when starting a small business, business experts recommend

aiming for a return on investment of 15% to 30%. This indicates that the company has a

good return on investment.

4. Return on Equity. It is a measure of a company's profitability in relation to its equity, also

known as net assets or assets minus liabilities. The return on equity (ROE) of a company

measures how well it uses its investments to generate earnings growth.

Year 1

Net Income = 252,954.00 = 70.16%

Average Total Equity 360,524.84

Year 2

Net Income = 260,873.50

Average Total Assets 360,524.84+621,398.34
2
= 260,873.50 = 53.14%
490,961.59
Year 3

Net Income = 274,082.54

Average Total Assets 656,635.02+895,480.88
2
= 274,082.54 = 36.14%
758,439.61

46
 The business's return on equity is declining. The return on investment is 70.16

percent in the first year, 53.14 percent in the second year, and 36.14 percent in the third

year. Even though it is decreasing, the company still has a reasonable return on investment

because a return on investment of 15 to 20% is considered good

47
 Chapter VI

MANAGEMENT STUDY

The chapter explains the organizational arrangement of the business. It shows the

specific roles, duties, flow of authority and job qualification. It includes the organization chart

and requirements of the manpower involved in the formation of the business organization

structure. It must be set up in such a way that it is as efficient as possible. To achieve

maximum effectiveness, management must plan, organize, lead, and control all activities in

order for the company to become efficient, productive, and financially stable.

The type of business ownership will be general partnership, in which partners agree

to contribute capital and services to the business and divide the profits or losses that may be

derived therefrom. In this form of ownership, partners are active in management and profits

and asset ownership may be divided in any way agreed upon by the business partners.

General Partnership

ARTICLES OF PARTNERSHIP

OF

JNB-MRL Partnership

KNOW ALL MEN BY THESE PRESENTS: That we, the undersigned partners, all of legal

age, residents and citizens of the Philippines, have on this day voluntarily associated

ourselves together for the purpose of forming a general partnership under the following

terms and conditions and subject to existing and applicable laws of the Republic of the

Philippines:

AND WE HEREBY CERTIFY:

ARTICLE I. Partnership Name: That the name of this partnership shall be

JNB-MRL Partnership and shall transact business under the said company name.

ARTICLE II. Business Purpose: That the purpose/s for which this partnership is formed

is/are: to gain profit and to offer value through selling profishable longganisa to customers,

48
who pay for the value with cash. Minimally, the money received should fund the costs of

operating the business.

ARTICLE III. Principal Place of Business: That the principal place of business of this

partnership shall be located at: Zone 5, Barangay 19, Gingoog City, Misamis Oriental,

Philippines.

ARTICLE IV. Term of Existence: That this partnership shall have a term of 3 years from and

after the original recording of its Articles of Partnership by the Securities and Exchange

Commission.

ARTICLE V. Partners’ Circumstances: That the names, nationalities and complete residence

addresses of the partners are as follows:

Name Nationality Complete Residence Address

John Mark Ararante Filipino Brgy.23,Gingoog City
Ramil Ramirez Filipino Brgy. 20, Gingoog City,
Bellanova Agosto Filipino Barangay 26, Gingoog City
Marian Gomez Filipino Brgy. 16, Gingoog City
Nenpa Paler Filipino Brgy.19, Gingoog City
Leah Requerme Filipino Brgy. Pangasihan,Gingoog City

ARTICLE VI. Capital Contributions: That the capital of this Partnership shall be the amount

of twenty six thousand seven hundred eight and forty seven centavos (P26,748.47),

Philippine Currency, contributed in cash by the partners, as follows:

Name Amount Contributed

John Mark Amarante P 26,748.47
Ramil Ramirez P 26,748.47
Agosto Bellanova P 26,748.47
Marian Gomez P 26,748.47
Nenpa Paler P 26,748.47
Leah Requerme P 26,748.47

That no transfer of interest which will reduce the ownership of Filipino citizens to

less than the required percentage of capital as provided by existing laws shall be allowed or

permitted to be recorded in the proper books of the partnership.

ARTICLE VII. Sharing Ratios: That the profits and losses of this partnership shall be divided

and distributed proportionately on the ratio of the capital contribution of each partner every 5

years.

49
ARTICLE IX. Management: That this partnership shall be under John Mark N. Amarante, as

General Manager, who shall be in charge of the management of the affairs of the company.

He shall have the power to use the partnership name and in otherwise performing such acts

as are necessary and expedient in the management of the firm and to carry out its lawful

purposes.

ARTICLE X. Undertaking to Change Name: That the partners undertake to change the name

of this partnership, as herein provided or as amended thereafter, immediately upon receipt of

notice or directive from the Securities and Exchange Commission that another corporation,

partnership or person has acquired a prior right to the use of that name or that the name has

been declared as misleading, deceptive, confusingly similar to a registered name, or

contrary to public morals, good customs or public policy.

Organizational chart:

Job Description and Analysis

Job Title: General Manager

Name: John Mark N. Amarante

50
Job description

Responsibilities

 Creating and managing budgets

 Hiring employees

 Overseeing daily business operations

 Responsible of keeping records of sales

 Evaluating performance of the employees and productivity

 Analyzing accounting and financial data

 Generalizing reports

 Ensures product quality

Job qualification

 Masters in business administration

 Male or female from 25-45 years old

 At least 2 years of progressive accounting experience

 Salary scale P7,200.00

Job Title: Cashier

Name: Nenpa A. Paler

Job description

Responsibilities

 Registers sales on a cash register by scanning items

 Processes return transactions

 Resolves customer issues

 Scanning and itemizing items

Job qualifications

 High school graduate

51
  Male or female with an age of at least 18 years old

 At least 6 months to 1 year of work experience

 Salary scale P6,000.00

Job Title: Online Sales Attendant

Name: Bellanova Agosto

Job description

Responsibilities

 Advise customers and process orders received by phone, mail or website

 Initiating sales conversation and making selling process easy for customers

 Initiative

 Manage point of sale processes

Job qualifications

 High school graduate

 Male or female, 18 years old and above

 Salary scale P4,800.00

Job Title: Delivery Boy/Girl

Name: Ramil D. Ramirez

Job description

Responsibilities

 Delivers orders

 Process orders

 Negotiate

Job qualifications

 Male or female

 18-40 years old

52
  Driver’s license

 Has personal motorcycle vehicle for delivery

 Salary scale P6,000.00

Job Title: Cook

Name: Leah Requerme

Job description

 Prepare ingredients

 Cooks raw ingredients

 Packs final products

 Food-tasting finish products

Job qualifications

 Male or Female

 High school graduate

 Prior knowledge/experience of cooking

 Salary scale P7,200.00

Job Title: Ingredients Purchaser

Name: Marian S. Gomes

Job description

Responsibilities

 Write purchase orders

 Shop

 Negotiate

 Process ingredients

 Manage stock of raw materials

Job qualifications

53
  Male or female

 18-25 years old

 High school graduate

 Salary scale P4,320.00

Company/Management Policies

Company policies and procedures are in place to protect both workers' rights and

employers' business interests.

1. Code of ethics

• Employees should be aware of ethical and legal requirements. A blueprint of how they

should act is included, as well as references to your corporate culture, such as:

 Code conduct

 Grooming standards and dress code

 Safety at work

 Requirements for attendance

2. Policy on communication

• It's important for employees to recognize that when they use business equipment, they're

representing your organization.

3. Policy on nondiscrimination

• Employees should be aware that the company will not allow any type of discrimination

or harassment, including the following:

 Age

 Race/color

 Religion

 Disability

• The Equal Employment Opportunity Commission enforces laws preventing

discrimination.

54
4. Policy on compensation and benefits

 Employee handbook, which is used to inform employees about company policies and

to remind them about employee benefits, such as general information and vacation

time.

5. Policy regarding new hires and separation

• Include essential terms of employment and what employees can expect if and when

they leave, such as: if and when they leave.

 Benefits eligibility

• Transfers and relocations o Pay period frequency

 Referrals

 Discipline and at-will

6. Receipt acknowledgement

• Employees must sign an acknowledgment of their understanding of everything in

your employee handbook.

7. Workplace Security for Employees

• Safeguarded for the employees' safety.

8. Business Procedures

• Ask the boss to approve a leave of absence.

• Cleanliness in the working spaces was observed.

• Follow all safety precautions.

• Always wash and sterilize your hands.

• To avoid accidents, follow safety practices.

• Employees must be on time.

• Make it illegal to use drugs, alcohol, or cigarettes at work or at business activities.

• When on the job, employees are compelled to dress in a certain way.

55
 • Gadgets can only be used for commercial purposes.

9. Policies for Management

• The main priority should be the customers.

• Maintain a high level of product quality

• Adhere to proper decorum.

• Customer service should be treated with kindness.

• After utilizing all machines and equipment, employees are responsible for turning

them off.

• Before departing, clean up the area.

10. Delivery Guidelines

1. General Information

Product availability governs all orders. If an item is out of stock at the time you place

your order, we will contact you and refund the full cost of your order using our only payment

method, which is door to door delivery.

2. Delivery Process

Deliveries on city proper are free, but delivery locations that cost more than half a

liter gasoline of fuel will have to provide additional payment to cover the expenses. Items

offered on our website are only available for door to door deliveries.We also accept orders

from national customers who are shipping to addresses in only. Fuel for deliveries are only

covered up to 1 liter of gasoline.

3. Delivery Time

An estimated time will be provided to you once your order is placed. Deliveries are

estimated and commence from the date of shipping, rather than the date of order. Deliveries

are to be subjected to the acceptance and approval of your order. Unless there are

exceptional circumstances, we make every effort to fulfill your order within business days of

the date of your order. Business day mean Monday- Saturday except important holidays.

Please note we do not ship on [Sunday]. Date of deliveries may vary due to carrier shipping

56
practices, delivery location and the items ordered. Products are well manage until it goes to

customer’s hand.

4. Delivery Instructions

You can provide special and specific delivery instructions on the check-out page of

our website.

5. Damaged Items in Transport

If there is any damage to the packaging on delivery, contact or message us

immediately on our facebook page @siomaidebananabell.

6. Questions

If you have any questions about the delivery and shipment or your order, please

contact us at our facebook page @siomaidebananabell.

57
 Chapter VII

SOCIO-ECONOMIC STUDY

In this chapter, the proposed business's socioeconomic benefits are demonstrated.

The proposed business will produce and sell Siomai de Banana Bell that is unique in the

community. Businesses should learn to do things in new ways or to turn new ideas into big

opportunities for profit, especially in this day and age. It is critical to establish a business that

will contribute to our country's socioeconomic development.

Contribution to Economy Income and Employment

A business's ability to generate a high level of revenue is critical. In order to attain the

ultimate goal of the business, which is to have a high income, the manager and employees

must have a strong and positive relationship. Income is critical since it is essential to meet

their daily necessities as well as to compensate them for the services they provided in the

business. Hiring employees to work for the company should be done when the company first

starts up, and the company may help those people find job, make money through honoraria,

and provide them the opportunity and chance to meet their needs and provide a source of

income.

Contribution to the Adherence to Government

This Business also aims to give contribution to the government in the form of paying

tax. Businesses that pay taxes can assist not just the government but also the economy in

future projects, particularly those that will benefit from the planned projects. Business will be

taxed if net income exceeds P 250,000.00 according to the train law or Republic Act No.

10963. The business has no intended taxes because the taxable income area does not

exceed P250,000.00 Business permits and licenses, on the other hand, will be paid for by

the company.

58
 CHAPTER VIII
PROJECT IMPLEMENTATION AND TIMETABLE
GANTT Chart
Task September October November December January

28 30 25 31 4 13 20 27 1 8 14 18 6 9 28
Brain storming
of members to
identify new
products

Narrowing ideas

Presentation of
collected ideas

Presentation of
product survey
questionnaire

Start of chapter
1
Editing of
chapter 1
Start of chapter
2
Editing of
Chapter 2
Start of chapter
3
Editing of
chapter 3
Start of chapter
4
Editing of
chapter 4
Start of chapter
5
Editing of
chapter 5
Presentation of
tables
Start of chapter
6
Editing of
chapter 6
Start of chapter
7
Editing of
chapter 7
Start of chapter
8
Editing of

59
 chapter 8
Pre-defense
Editing of
Manuscript

Conclusion

Based from the data gathered, it shows that the net income is increasing every year.

The researchers then conclude that starting this business “Siomai de Banana Bell” could

compete with other competitors in the market. Food business is a great idea because people

need food for everyday meal. Siomai de Banana Bell is good for snack meals and it gives

health benefits to the body.

Recommendation

After examining significant factors in the study such as the financing, marketing,

management socio-economic study, it is recommended that Siomai de Banana Bell will be

pursued and the business will be established in Zone 5, Barangay 19, Gingoog City,

specifically in Paler’s residence.

60
 Survey Questionnaire

1. Nakatilaw na ba ka og sioamai?

o Oo

o Wala

2. Pwede ba buhaton ang puso sa saging na siomai?

o Oo

o Dili

3. Maayo ba ang puso sa saging sa kalawasan?

o Oo

o Dili

4. Mopalit ba ka sa siomai na gihimo sa puso sa saging?

o Oo

o Dili

5. Ganahan ba ka og siomai na gihimo sa Karne?

o Oo

o Dili

6. Sulit ba ang pagpalit nimo sa among produkto?

o Oo

o Dili

7. Ganahan ba ka himuon og sud-an ang siomai?

o Oo

o Dili

8. Safety ba ang puso sa saging nga pagahimoon og siomai?

o Oo

o Dili

9. Sulit ba ang pagpalit sa among produkto?

61
 o Oo

o Dili

10. Nalipay ba ka sa pagkaon sa among produkto (Siomai de banana bell)?

o Oo

o Dili

References Cited

Health Benefits of Banana Blossom. (2020). Inwiang Valley

https://inwiangvalley.com/en/health-benefits-of-banana-blossom/

Lotfi, N. (2020). Siomai . Epersianfood. https://www.thespruceeats.com/all-about-banana-

flowers-4065642

Merano, V. (2011). Pork Siomai Recipe . Panlasang Pinoy .https://panlasangpinoy.com/pork-

siomai-recipe/

Watson, M. (2020). What are banana flowers? . The Spruce Eats .

https://www.epersianfood.com/siomai/

Esteves, E. (2021). Consumer Goods. Investopedia: Economics. https://bit.ly/3AAMo4O

62
 Picture Collage
Pre-defense (Proposal)

63
 Curriculum Vitae

Personal Information
Name: Amarante, John Mark N.
Adress: P-3, Barangay 23 Gingoog City
Date of Birth: January 14, 2004
Place of Birth: Gingoog City, Misamis Oriental
Citizenship: Filipino
Status: Single
Gender: Male
Religion: Roman Catholic
Parents: Julieta N. Amarante
Rolando A. Amarante
Occupation: Clinic Secretary
Heavy Equipment Operator
Educational Attainment
Elementary: Don Restituto Baol Central School
Junior High school: Gingoog City Comprehensive National High School
Senior High School: Gingoog City Comprehensive National High School
Grade level: 12
Track: Academic
Strand: HUMSS
Section: Centaurus
Contact Information
Cellphone Number: 09533584377
Email Address: johnmarkamarante2@gmail.com

Personal Information
Name: Ramirez, Ramil
Address: Barangay 20, Gingoog City
Date of Birth:
Place of Birth: Gingoog City, Misamis Oriental
Citizenship: Filipino
Status: Single
Gender: Male
Religion: Roman Catholic
Parents:

Occupation:

Educational Attainment
Elementary: Manuel Lugod Central School
Junior High school: Gingoog City Comprehensive National High School
Senior High School: Gingoog City Comprehensive National High School
Grade level: 12
Track: Academic
Strand: HUMSS
Section: Centaurus
Contact Information
Cellphone Number:

64
Email Address:

Personal Information
Name: Agosto, Bellanova R.
Address: Purok 3, Barangay 26
Date of Birth: November 20, 2004
Place of Birth: Gingoog City, Misamis Oriental
Citizenship: Filipino
Status: Single
Gender: Female
Religion: Christian
Parents: Ruth R. Agosto
Jannye L. Agosto
Occupation: Housewife
Driver
Educational Attainment
Elementary: Alfonso Ang Militante Elementary School
Junior High school: Gingoog City Comprehensive National High School
Senior High School: Gingoog City Comprehensive National High School
Grade level: 12
Track: Academic
Strand: HUMSS
Section: Centaurus
Contact Information
Cellphone Number: 09511977723
Email Address: agostobellanova@gmail.com

Personal information
Name: Gomez, Marian S.
Address: Barangay 16, Gingoog City
Date of Birth: August 16, 2004
Place of Birth: Gingoog City, Misamis Oriental
Citizenship: Filipino
Status: Single
Gender: Female
Religion: Catholic
Parents: Melisa Sarno
Oriel Gomez
Occupation: Secretary
OFW
Educational Attainment
Elementary: Manuel Lugod Central School
Junior High school: Gingoog City Comprehensive National High School
Senior High School: Gingoog City Comprehensive National High School
Grade level: 12
Track: Academic
Strand: HUMSS
Section: Centaurus
Contact Information
Cellphone Number: 09513758738
Email Address: sarnomelisa2@gmail.com

65
Personal Information
Name: Paler, Nenpa A.
Address: Zone 5, Barangay 19, Gingoog City
Date of Birth: January 15, 2004
Place of Birth: Gingoog City, Misamis Oriental
Citizenship: Filipino
Status: Single
Gender: Female
Religion: Roman Catholic
Parents: Bellaflor A. Paler
Leonilo L. Paler Jr.
Occupation: Businesswoman
Businessman
Educational Attainment
Elementary: Don Restituto Baol Central School
Junior High school: Gingoog City Comprehensive National High School
Senior High School: Gingoog City Comprehensive National High School
Grade level: 12
Track: Academic
Strand: HUMSS
Section: Centaurus
Contact Information
Cellphone Number: 09352766191
Email Address: palernenpa@gmail.com

Personal Information
Name: Requerme, Leah V.
Adress: P-6 Barangay Pangasihan, Gingoog City, Misamis Oriental
Date of Birth: December 1, 2003
Place of Birth: Santiago, Agusan del Norte
Citizenship: Filipino
Status: Single
Gender: Female
Religion: Bible Baptist
Parents: Emily V. Requerme
Danilo L. Requerme Sr.
Occupation: Housewife
Driver
Educational Attainment
Elementary: Pangasihan Elementary school
Junior High school: Jacinto D. Malimas
Senior High School: Gingoog City Comprehensive National High school
Grade level: 12
Track: Academic
Strand: HUMSS
Section: Centaurus
Contact Information
Cellphone Number: 09550849239
Email Address: requermeleah@gmail.com

66
67