Chapter 5 and 7
Chapter 5 and 7
form of business operation between two or more individuals who share management
and profits. The partners manage the company and assume responsibility for the
Partnership doesn’t pay tax on its income but “passes through” any profits or
losses to the individual partners. At the tax time, the partnership must file a tax return
Organizational Structure
directed in order to achieve the goals of an organization. These activities include rules,
Functional Structure
(2020), functional structure divides the organization into departments based on their
function. Each is headed by a functional manager and employees are grouped as per
their role.
Owners
Manager
Assistant
Security Guard Cashier/Front Janitor/Inventory
Desk Officer
Personnel Qualification
acknowledge the important of selection and hiring of good resources to also help the
overall performance of the business. For meeting the goals of the business, various
attributes such as the qualifications, skills, experiences and the overall attitude of the
applicants are evaluated. The following are the list of qualifications that the employees
Manager
Male or Female
Accounting Skills
Communication Skills
Security Guard
Male or Female
Male or Female
Communication skills
Customer service
Janitor/Inventory
Male
Potential employees often take several roles, completing jobs outside the
initial range of their job description. The duties and responsibilities will serve as their
guide to stick with respective tasks and to clearly define their roles in the business.
Manager
Security Guard
are made before the official start of the business follows a fixed path in establishing the
business.
on how to execute a feasible business. It will take two (2) months to study.
Renovation of the Space. This involves the renovation and the preparation
of the area where the business will be established. Installation of electricity, water,
internet connection, and utilities are also included. This activity will take three (3)
the management will hire people and train them properly in the most effective ways. The
process will start on putting up posters or posting on social media about the job hiring.
Then the willing applicants will be asked to submit their resume and will be interviewed
by the management. Lastly, if they passed the interview, they will be required to comply
and submit the other requirements. After a week of completion of requirements, they will
be train in the best possible ways. The business will take at least one (1) month to hire
potential workers
the process of getting necessary business permits and licenses for the business to be
operate legally. Insurance such as SSS, Philhealth, Pag-Ibig, and etc. will be also
necessary things in the business. It should be done before opening the business to
successfully execute the operation. It will take two (2) months to fill all the needs.
advertisements about their product and services. It will give an awareness to the
Opening of the Business. After doing all the said activities, overall, it will
Time Table
The Gantt chart represents the timeline of activities that needs to be done
before the official opening of the business. This will help in organizing the work and
encompasses the projects and helps to set a clear date, direction, and priorities.
Pre- Operating
Months
Activities
1 2 3 4 5 6 7 8 9 10 11 12
Conduct of
Feasibility Study
Renovation of the
Space
Hiring and
Training of
Employees
Processing of
Business Permits,
Licenses, and
Insurance
Acquisition of
Equipment
Advertising and
Promotion
CHAPTER VII
SOCIO-ECONOMIC ASPECT
This chapter discusses the benefits of the business to the society and to the
economy.
wants to apply and get a job. This can lessen the number of unemployed individual
especially in the locality of General Santos City. The business will require 4 people to
operate.
money for the construction of the place, for acquiring or buying equipment and for
installing network connection, money will be compensated over time and likely to be
bigger than all of the expenses. This kind of venture will benefit the society because it
also has the capability to expand it function by providing different amenities and
services aside from the computer-use itself. This will give the people the ideas to invest
and establish one as the popularity of using computers for almost everything continues
to increase.
and E-sports athletes are on track to become recognizable and influential as others. As
our business also cater gamers, one of our way to giving back is to sponsor local E-
sports tournament by providing or adding to the tournament’s cash prizes and awards.
This will encourage young gamers to participate and showcase their gaming skills.
Benefits to the Economy
strategy to achieve financial and business goals. Taxes are simply necessary part of
doing big business. Moreover, this business will be a great help for the government as
this will boost their tax revenue. They can now support public programs and fud
society as there are a lot of this almost everywhere. Establishing one will make the
customers can encourage other owners or to look for ideas to also improve their own
businesses. The more the competition, the more awareness is raise about the
product/service, this leads to the creation and promotion of new and better services for
the people which can help drive the economic growth and increase the standards of
living.