Organization and Management Aspect- This aspect includes a study of officers and key personnel, basic considerations in forming the organizations, form of ownership, organizational chart, and project schedule.
Marketing Aspect- This aspect considered as the lifeblood of virtually all project feasibility studies. This aspect includes the following topics: demand, supply, demand and supply gap analysis, marketing program and projected sales.
Technical Aspect- After having determined the market size and area, product demand and growth, the potential and technical feasibility of a project may be analyzed.
Financial Aspect- This aspect of the project feasibility study quantifies the results of the marketing, technical, management, taxation and legal phases of the project study, and expresses the possible outcome of operating the project.
Socio-Economic Aspect- This aspect focuses on the welfare of the end users and others than simply for the wealth or power of the proprietor.
The Normal Sequence of Registering with the different government agencies. 1.)Securities and Exchange Commission (SEC)
2.)Bureau of Internal Revenue (BIR)
3.)Local Government Unit (LGU)
4.)Social Security System (SSS)
Social and Economic Contributions of Entrepreneurship
1.)Entrepreneurship creates employment.
2.)Entrepreneurship Improves the quality of life
3.)Entrepreneurship contributes to more equitable distribution of income taxes and therefore eases social unrest. 4.)Entrepreneurship utilizes and mobilizes resources for greater national productivity. 5.)Entrepreneurship brings social benefits through the government.
Management- is a distinct process of planning, organizing, staffing, directing, and controlling, performed to determine and accomplish stated objectives by the use of human being and other business resources.
Planning- refers to formulation of Objectives, programs, policies, procedures, rules and...