Money Changer Feasib Plan
CHAPTER 5
Summary of Finding, Conclusion and Recommendation
This chapter presents the summary of findings, which summarizes the five aspects: The Marketing Aspects, Management Aspect, Technical Aspects, Financial Aspects and Socio-Economic Aspects. It is important to know about these different categories of each aspect from the start of the business to normal operation of proposed business.
Marketing Aspect The services to be offered is faster and reliable way to exchange foreign currency to local currency and vice versa with a higher exchange rate compare to banks offering the same service. In that point, it can get the loyalty of the clients and they will continue in patronizing the service. The business is located at CPN Building at the Public Market and very much accessible to the target costumers because it’s the busy area of the municipality.
Management Aspect The proposed business will be organized as a partnership type of business organization. The employee will receive basic fixed monthly salary. They will also receive benefits privileges.
Technical Aspect The materials needed for the operation of the business are office supplies, furniture and fixtures, office equipment, maintenance supplies, rent expense for the building, expenses for the renovation, advertising expense and utilities. The target market of ST Money Changer are the people of Masantol, Pampanga and nearby towns. The proponents chose the place situated in the CPN Building near at the Public Market of Masantol.
Financial Aspect The required capital to the business is Php 2,000,000.00 based on the study which the proposed business is found visible. Some of the expenses that will be involved in the operation of the business are office supplies, furniture and fixtures, office equipment, maintenance supplies, rent expense for the building, expenses for the renovation, advertising expense and utilities.
Socio-economic Aspect
Summary of Finding, Conclusion and Recommendation
This chapter presents the summary of findings, which summarizes the five aspects: The Marketing Aspects, Management Aspect, Technical Aspects, Financial Aspects and Socio-Economic Aspects. It is important to know about these different categories of each aspect from the start of the business to normal operation of proposed business.
Marketing Aspect The services to be offered is faster and reliable way to exchange foreign currency to local currency and vice versa with a higher exchange rate compare to banks offering the same service. In that point, it can get the loyalty of the clients and they will continue in patronizing the service. The business is located at CPN Building at the Public Market and very much accessible to the target costumers because it’s the busy area of the municipality.
Management Aspect The proposed business will be organized as a partnership type of business organization. The employee will receive basic fixed monthly salary. They will also receive benefits privileges.
Technical Aspect The materials needed for the operation of the business are office supplies, furniture and fixtures, office equipment, maintenance supplies, rent expense for the building, expenses for the renovation, advertising expense and utilities. The target market of ST Money Changer are the people of Masantol, Pampanga and nearby towns. The proponents chose the place situated in the CPN Building near at the Public Market of Masantol.
Financial Aspect The required capital to the business is Php 2,000,000.00 based on the study which the proposed business is found visible. Some of the expenses that will be involved in the operation of the business are office supplies, furniture and fixtures, office equipment, maintenance supplies, rent expense for the building, expenses for the renovation, advertising expense and utilities.
Socio-economic Aspect