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Cards (34)

  • Home-based - this is probably the trendiest
    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 Certificate of
    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.