Hi

• Republic Act No. 7394


  The Consumer Act of the Philippines
• Policy of the state

  To protect the interests of the consumers, promote general welfare and to establish standards of conduct of business and industry
• Objectives of RA No.7394

  • Protection against hazard to health and safety
  • Protection against deceptive, unfair and unconscionable sales acts and practices
  • Provision of information and education to facilitate sound choice and the proper exercise of rights by the consumer
  • Provision of adequate rights and redress
  • Involvement of consumer representatives in the formulation of social and economic policies
• Certificate of Product Registration (CPR)


  Each item or variant, flavor dosage will have its own certificate
• Requirements for FDA Certificate of Product Registration

  • A valid LTO or License to Operate
  • A clear, scanned, and colored copy of loose labels of all packaging sizes for the products
  • Other requirements for traders, wholesalers, and distributors of locally manufactured food products / for importers and distributors
  • Documents to support product claims
  • Certificate of Analysis stating essential details to determine product compliance to food standards and regulations
• Bureau of Philippine Standards (BPS)


  Provides for the standardization and certification of products, both locally manufactured and imported, giving the consumers access quality and safe products conforming to the relevant Philippine National Standards (PNS)
• BPS Mandatory Product Certification Schemes

  • Philippine Standard (PS) Quality and/or Safety Certification Mark Licensing Scheme
  • Import Commodity Clearance (ICC) Certification Scheme
• PS Quality and/or Safety product


  Is granted to either local or foreign manufacturer whose factory and successfully Certification Mark License complied with the requirements of the PNS ISO 9001
• ISO 9001


  A globally recognized standard for quality management
• Import Commodity Clearance Certificate

  Is issued to an importer whose imported products have shown conformance to relevant Philippine National Standard (PNS) through inspection and product testing by the BPS testing laboratory or BPS-recognized testing laboratory
• Top reasons why small businesses fail

  • Pricing and cost issues
  • Losing focus
  • Running out of cash
• Aspects of business to focus/improve

  • Short-term goals
  • Long-term goals
• How to Create a Business Budget for your Small Business

  • Analyze costs
  • Negotiate costs with suppliers
  • Estimate your revenue
  • Know your gross profit margin
  • Project cash flow
  • Factor in seasonal and industry trends
  • Set spending goals
  • Bring it all together
• Gross profit margin


  The cash you are left with after your business has dealt with all the expenses at the end of the year
• Two components to cash flow

  • Customer payments
  • Vendor Payments
• Budgeting is an essential process, especially for small businesses, as it allows business owners to estimate and allocate money for different business activities