A study on the feasibility of deskettes

Venturing in a new business requires adequate study to maximize resources and profits and to minimize the probability of loss. As entrepreneurs, known to be moderate/calculated risk-takers, the group made a feasibility study on the different aspects of a business like the market, technical, financial, management and legal, and socio-economic factors. The group was able to determine the demand for the product through the conduct of a survey in the target market. In the technical aspect, the proponents were able to identify the raw materials, and their sources, ideal for the product. In addition, the steps in manufacturing the product and the minimum production capacity for 10 months were calculated. The plant location and lay-out, labor requirements, production schedule, waste disposal were also provided in this study. In the management and legal chapter, the proponents engaged to form a corporation by pooling the abilities, skills, and resources of the 10 members to a common fund which will result to management and administration. It was decided by the group to name the corporation JACK HAMMER and DESKETTE as the brand name. As a corporation, the group established the board of directors and key officers, to monitor the business and affairs. The articles of incorporation, by-laws, and rules and regulations were identified by the group to serve as guidelines for performance evaluation. Projected financial statements were developed to serve as the group\u27s goal in the production and selling of the product. Financial ratios were also employed to determine the financial position of the corporation. Through the socio-economic study, the group was made aware of its social responsibility to the suppliers, customers, community, and shareholders. By paying taxes properly, being honest, and by engaging in fair trade, preservation of the environment, and patronizing locally made products, the proponents will be able to grow as responsible and well-rounded members of the society