Philip Razon-Jollibee Manager
Anne Villa- Sari Sari Store Owner
Lindzay Tagulao- Milk tea Owner
Maria Ramirez- Clothing Shop Owner
Joan Arevalo-Computer Shop Owner
1. The Entrepreneurial Oppòrtunity that i have spotted was the Retail Rice Shop Owner. Some are
still buying in plastics, i wanted to supplies in sacks and cavans.
1.WHAT ARE THE RESOURCES OR RAW MATERIALS IN YOUR ENVIRONMENT:
A.Corn
B.Grain
C.Coal
2. WHAT ARE THE INSTITUTIONS AND INDUSTRIES WITHIN YOUR AREA.
A. EDUCATION INSTITUTION
B. CRIMINAL JUSTICE SYSTEM INSTITUTIONS
C. RELIGION INSTITUTIONS
3. WHAT ARE THE NEEDS AND WANTS IN THE CONSUMER COMMUNITY THAT IS NOT MET
A. THE LUXURY IN CLOTHING SHOPS
B. THE NEEDS IN RICE SHOPS
C. THE LUXURY IN JEWELRY SHOP
1. TYPES OF BUSINESS:
BANKS (5)
HOME BASED BUSINESSES (12)
GAS STATION (1)
GROCERY STORES (6)
RESTAURANTS (18)
CLOTHING STORE/PRODUCTION (1)
FISH SHOPS (2)
MEAT SHOP (5)
SALON(4)
MANICURE AND MASSAGE (3)
2.
A. RETAILERS
-HOME BASED BUSINESS (12)
B. MANUFACTURERS
- CLOTHING STORE/PRODUCTION (1)
C.WHOLESALERS
-GROCERY (6)
D. AGRICULTURAL/FORESTRY/FISHERIES
FISH SHOPS (2)
MEAT SHOP (5)
E. SERVICES
SALON(4)
MANICURE AND MASSAGE (3)
WHICH BUSINESSES ARE MANY?
THE BUSINESS THAT ARE MANY WE’RE THE MANY?
HOME BASED BUSINESSES
GROCERY
MEAT SHOPS
(FEW)
FISH SHOPS
SALON
MANICURE AND MASSAGE
CLOTHING STORE/ PRODUCTION
THE LOCAL MARKET ARE THE FISH SHOPS AND THIS HAVE HUGE SALES BECAUSE OF LOW COMPETITORS.
THE PEOPLE SPEND MORE ON GROCERY PRODUCTS AND MEAT SHOPS.
MEAT SHOPS HAVE AVERAGE SALES BECAUSE OF HIGH COMPETITORS.
ACTIVITY 2:
NAME OF COMPETITOR:
ZARA
BERSHKA
F21
TYPE OF PRODUCT OR SERVICE:
CLOTHES
CLOTHES
CLOTHES
PRICES:
HIGH
HIGH
HIGH
QUALITY:
GOOD
GOOD
GOOD
LOCATION AND DISTRIBUTION:
MALL/BOUTIQUES
MALL/BOUTIQUES
MALL/BOUTIQUES
MY COMPETITORS MAJOR STRENGTHS ARE THEY ARE FAMOUS FOR TRENDY CLOTHES
MY COMPETITORS MAJOR WEAKNESSES ARE THEY HAVE HIGH PRICES
GIVING THIS INFORMATION I CAN IMPROVE MY CHOSEN BUSINESS VENTURE IN THE FOLLOWING WAYS:
- I WILL REDUCE THE PRICE
- I WILL CONTINUE TO KEEP IN TRENDY ITEMS
PRODUCT: AFFORDABLE YET TRENDY CLOTHES AND ACCESSORIES
PRICE: I HAVE LOW PRICES THAT IS LOWEST THAN THE COMPETITORS
WILL YOU GIVE DISCOUNTS? HOW MUCH? 30% IF BULK ORDERS
I WILL NOT SELL IN CREDIT BECAUSE IT CAN CAUSE UNPAID PRODUCTS AND LONG DUE DATES.
PLACE: I WILL SELL IT IN BOUTIQUES, I WILL SELL IT IN RETAIL TO HAVE MY CUSTOMERS CHOOSE
DIFFERENT KINDS AND STYLES.
PROMOTION: I WILL POST IN SOCIAL MEDIA ACCOUNTS AND I WILL PROVIDE POSTERS IN SOME HOME
BASED BUSINESSES
CAPITAL:20000
DIRECT COSTS: 9000
INDIRECT COSTS: 8000
TOTAL COST OF EQUIPMENT: 3000
TOTAL START UP CAPITAL: 20000
