location for a business these days, and many entrepreneurs start at home and then move into commercial space as their business grows.
Retail - comes
in a variety of shapes and
sizes and may be located
in free-standing buildings,
enclosed malls, strip
shopping centers,
downtown shopping districts, or mixed-use facilities.
Commercial - includes
even more options than retail. Commercial
office buildings and business parks offer
traditional office space geared to
businesses that do not require a significant
amount of pedestrian or automobile traffic
for sales.
Industrial - If your business
involves manufacturing or heavy
distribution, you will need a plant
or a warehouse facility.
Unit Production - This type of production is often used when there is only one product or unit
to be produced. It engages more on manual work than mechanical work.
Batch Production - This type of production often used when there is a large variety of products
with variable demands.
Mass Production - This type of production is often used in the automobile industry and in
industries where continuous production is required.
Continuous Production - can be misinterpreted as Mass production, but it
can be modified in terms of mechanical work. In Mass production, both
machines and humans work together, whereas in continuous production,
most of the work is done by machines rather than humans.
Department of Trade and Industry (Sole Proprietorship) - is a prime
mover of consumer welfare. DTI registration is the first
step for sole proprietorship businesses to ensure that
there is no other business or organization has the same
name as yours.
Securities and Exchange Commission (for Partnership and Corporation only) - Local and foreign investors that intend to
establish corporations, partnerships or
associations in the Philippines are
required to register their business entities
with the Securities and Exchange
Commission (SEC)
Barangay Clearance - is one the Philippine government
issued identification documents needed for
many important business, job, personal
transactions, or other business transactions
that certify that you are living or residing in
a certain barangay.
Mayor’s Permit - is a document
issued to any person who shall establish, operate or
conduct any business, trade or activity within the city.
Such document will be approved only after submission of
requirements, payment of necessary taxes and fees
imposed thereon.
Bureau of Internal Revenue - The BIR Form 2303, also called Certificateof
Registration (COR), is an official document that
gives you the legal rights to operate a business in
the Philippines.
Articles of Incorporation and By-laws (for Partnership and Corporation only) - The AI details your corporation’s name, the
incorporators, the amount of capital paid in by
each incorporator, their individual shares of stock,
and the primary and secondary purposes of the business
Treasurer’s Affidavit (for Partnership and Corporation only) - This certifies that at least 25% of the company’s
subscribed capital stock has been fully paid up
(should not be lower than P5,000).
Trademark - is a word, a group of words, sign, symbol,
logo or a combination thereof that identifies and
differentiates the source of the goods or services of one
entity from those of others.
Patent - is a government-issued grant,
bestowing an exclusive right to an inventor over a product
or process that provides any technical solution to a
problem in any field of human activity which is new,
inventive, and industrially applicable.
Job analysis - is a
procedure through which you
determine the duties and
responsibilities, nature of the
jobs and finally to decide
qualifications, skills and
knowledge to be required for an
employee to perform particular
job.
Inventory - is the goods and materials a business acquires, produces or manufactures, for the purpose of manufacturing,
selling or exchanging.
Raw materials inventory - are raw materials that your business changes
to produce its goods and/or services.
Work-in-process inventory - s any unfinished goods that your business
has made.
Finished good inventory - ncludes any finished goods that are ready
to sell.
Inventory Management - is the part of your
supply chain management, which can help
you make sure you have the right products
in the right quantity for sale, at the right
time.
Manufacturers - Most retailers buy through company salespeople or
independent representatives who handle the wares of several different
companies.
DIstributors - also known as wholesalers, brokers or jobbers,
distributors buy in quantity from several manufacturers and warehouse
the goods for sale to retailers.
Independent craftspeople - Exclusive distribution of unique creations
is frequently offered by independent craftspeople who sell through
representatives or at trade shows.
Import sources - Many retailers buy foreign goods from a domestic
importer, who operates much like a domestic wholesaler.
Supplier Agreements - Suppliers often have their own written agreements but, if they don't, we
recommend establishing them yourself. Written agreements document all
the specific details, such as what you want, what you'll get, how much you'll
pay and when.
Gantt Chart - is a useful graphical tool which shows activities or tasks
performed against time. It is also known as visual presentation of a business
or a project where the activities are broken down and displayed on a chart
which makes it is easy to understand, track progress and interpret.
Customer Service - This includes sales communication, return products, and customer follow-up.
Quality Control - You need to develop a plan for supervision of the process. How will you maintain oversight of the production or service provision process?
Vulnerability - You must identify any potential problems that could arise in the production process. How will you handle any such issues? What would be the effect on the business?
Production Timeline - This explains how long it takes to produce a unit, and when you’ll be able to start producing your product or service.
Production Process/How Services Carried Out - Prepare an outline for the process of creating your product.