Motivation Through Empowerment a Key to Productivity

Number of View: 7911

Author:Jaime Menor Jr.

Success begins through positive motivation of people!!! YOU as an HR practitioner maybe tired out of hearing this human resource management buzzword. But all of us as HR practitioner knew that “If you have the knowledge and understand what motivates people, you have at your hand the most powerful tool for dealing with them to get them achieve extraordinary results.”

Many research  shows people are more motivated by recognition than money so the factors that motivate employees in the workplace, job satisfaction is at or near the top of the list, far surpassing pay and benefits. When HR managers are effective in satisfying their employees, employees stay longer, make a deeper commitment to the business, recommend ways to improve the company’s products and services, and do their best to satisfy the customer. Despite this it’s rare that a business has a efficient process for thanking staff let alone some other accomplishment above and beyond. Simple fact many of the coming X, Y and the Z generation won’t put up with intimidation and fear tactics to keep a job. They will seek out work places that are positive, productive, able to learn new skills and enjoyable.  In other words  a company that is branded as  Employers of Choice or a Good Bosses’ Environment.

Often when employees are not working at their full potential it is because the company’s reward structures are not in alignment with creating value for the employee, it is a common practice-the reward structures  are based around the financial performance of the company.

With proper motivation through empowerment you are getting your employees excited about their work , every leader should know that the real continuous productivity comes from empowered, challenged,  excited and rewarded teams of people as genuine leadership come from the quality of a leader vision and his ability to bring out enthusiastic response-of followers to extraordinary performance. Creating a work environment that encourages rapid response to customers’ needs and attentive follow-through is the key to leveraging the power of your service-profit chain. This could only be possible when you equip your people with complete business tools (e.g. computers, resources, gadgets etc..), when they receive proper training and know the ins and outs of  their jobs, when they are empowered to  make decisions and are motivated  to  solve problems.  That’s my piece of advise,  I knew undoubtedly- employees will go beyond the literal boundaries of their jobs – they will make suggestions for improvement – and your company will gain not just a part, but the full potential of their contributions .

Conclusion:

In my own observation the authority should be very mindful of how their statements and actions may be perceived.  Managerial actions must match the rhetoric because usually common employee can quote examples of managers talking about the importance of customer service whilst simultaneously minimizing/slashing operating budgets.  Employees are looking for the behavior that supports the words. This contradiction between the rhetoric and actions constantly undermines the attempts made by organizations to bringing out cultural change.

So for business owner CEO and Admin  my prescription is Get a competent HR on board because In for­ward think­ing HR depart­ments, respon­sive­ness to employee needs is one of the cornerstones of business success….


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Maximizing your Time

Number of View: 3982

Author: Jaime H. Menor Jr.

It was known that the success of any business can directly be contributed to the effectiveness of the management. If the management of the business is professional, insightful and have definite control over decisions and supervision the business will succeed. However, mistakes are serious drawback to the existence of any business. If the management mistakes are not corrected in a timely manner then it eventually leads to the downfall of the business. Likewise it was the same in the personal/professional management of your time.

There is no denying in the truth of the saying, “Time is gold.”

You never seem to get enough of time. Even if you are given additional 2 hours in a day, you still won’t be able to get enough of it. Somehow, some things will come up and you will end up wanting more time. Time is a precious commodity. Once it’s gone, it cannot be recovered.

The fact is: when you are busy, time flies swiftly. But when you are not, time seems to be at a stand still. This is true when you are killing time because there is nothing else to do under the circumstances.

How do you maximize the use of your time? The following time maximizing idea are never new but, but I know that it would be worth your time reading it and  advise you to consider practicing it:

1.   Check your schedule at the start of the day. Review it in its entirety. You may notice that portions of your day may be hectic, while some may not be too hyperactive. Distribute your activities evenly throughout the day.

Keep note pads handy so you can keep track of your schedule. It also helps to remind you of your tasks and commitments. Note pads and schedule notebooks help you avoid overlapping of activities. In case of overlaps, determine which one is priority.

2.   Request for a re-schedule in advance. This is especially true when another person will be affected. Show courtesy by doing this is advance. This leaves time for the person to adjust to the new schedule. Who knows? You may be doing the other parties a favor. They may be in the same predicament as you are, and they will not be aware unless you make it known to them.

3.   Be-creative. Time is an element when simple creativity can be put to practice. For example, you need to do the laundry but at the same time, you also have to rush and buy some groceries. Perhaps, what you can do is to set your washing machine to do the laundry while you step out to the grocers. Manage your time in the grocery and back home, just in time when the laundry is done.

You can even do the cooking at the same time by using a slow cooker. It cooks food by itself. You can even pick up the kids from school after shopping. Four tasks are combined to one. All it takes is scheduling and a little creativity.

4.   When you have to do a certain task for the first time, it is natural for mistakes to happen. However, a first time task doesn’t have to be a blunder. If there is no clear direction on how things should be done, take time to plan it out before you take action. This saves time, energy, and money.

5.   Visualize the possible outcome of your objective. Seek out alternatives. Choose the better of two or more alternatives. If there is only one option, do it just the same. Some tasks may appear difficult when you think about it, but not necessarily when put into action. The same thing is true the other way around.

Time is something you could never have enough of. You become wise when you choose to maximize it.

Finally, a word of advice:

Love yourself and take care of yourself

Take the time you need to look after yourself so that you can reach peak efficiency when you need to If after reading this far you’re feeling a bit overwhelmed, I suggest you add peace (contentment) to your list of goals. Time management is not about adding stress; it is about giving you the time to be the person you really want to be.lest, after preaching these to others I myself should be disqualified for I always care most to my beloved kids than myself”–Jaime H. Menor Jr.

The Bible says about time management is simple: it is to your great advantage. “So I do not run aimlessly; I do not box as one beating the air. But I discipline my body and keep it under control, lest after preaching to others I myself should be disqualified.” 1 Corinthians 9:26-27

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Effective Employee Recognition

Number of View: 1148

Author:Jaime H. Menor Jr.

Prioritizing employees’ recognitions is one of the essential job of HR people in every organization to ensure a positive, productive, innovative organizational climate.  Likewise, it is best delivered when the HR officer in-charge knew how to instill to every supervisor, manager and their bosses the importance of Employees recognition and what it is they need to do.  The best way to recognize an employee for job well done can be one of the best FORMULA in recognizing their efforts. So an effort that came from the Managers’ and Supervisors’ must be done in specific ways, being specific is vital because it identifies and reinforces the desired behavior, herewith are the simple but effective ways:

•By providing a simple gesture to an employee like saying “thank you” and encouraging him/her with an actions and made them think that you believe in her/his skills and ability will make your organization successful.
• If there’s no bonus money available, of course Employees want is at least be recognize by a simple pat on the back. People with positive self-esteem and people who feel appreciated are more positive about themselves and their ability to contribute is enormous.
• Thanking the person by name- Even kids when recognized made them think they were important. Specifically state what was done that is being recognized. Point out the value added to your team or organization.
• Whenever possible, point out the way in which his/her deeds supports an organizational goal or objective. This shows a direct connection between the work and your organizational mission vision, goals – a strategic way of reinforcement.
• Thank the person again by name for their contribution.

In my observation, employee recognition is scarce because of a combination of several factors. Manager did not know how to provide it effectively, so they have bad experiences when they do. Assuming “one size fits all” when providing employee recognition is a common pitfall, time is an often-stated reason and admittedly, employee recognition does take time for human behavior is so complex.

Visit http://www.aheadguide.com for more article regarding Human Resource Management and Leadership

NOTE: The text, data I used in this article are data I have pulled together, observed and studied, it hasn’t been formally researched or validated. Most of it is my idea alone not a research project!

Jaime H. Menor Jr. = Statistician (MBA-Futurist Practitioner)

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Workplace Olympics a sign of Healthy Work Environment

Number of View: 1588

Author : Jaime H. Menor Jr.
February 24-25, 2011 (SBMA MINI-OLYMPICS)- The SBMA admin has looks in a new way in which it can make the workplace healthier for staff and managers.  We already knew that the stress of working life can wear down employees and we also know that almost half of our life spent in the work place. The thing that we need to focus on if we really want people to excel in their field of works, is the relationships in the workplace – whether they feel recognized, or whether they have control over their work – all the things that feed into a healthy workplace.”

I had read in many management books that the most satisfied employees are those who are challenged but not overwhelmed by their work, and its’ good to know that our admin knows how to help its worker strike that balance, the relationships between worker and supervisor are a definite key to a healthy workplace. This initiative, which aims to help employees their sporting commitments with a working career, is something viewed as a key for “The Work & Career Balance”

Having a Workplace Olympics, as I see it, is to show that all workers can work, play and compete together. Even as competitive as some of the athletes are, for the most part you see an attitude of fellowship among them. What if these “ATTITUDE” permeated at our workplace? Or in YOUR workplace?

What if all workers came to work determined to help each other succeed? To rejoice in each other’s Successes? To look for how ideas could work instead of determined to show why they can’t?

Let’s all take that Olympian attitude “about your work and workplace today, It’s about winning together.”

 

 

FOR MORE PICTURES CLICK THIS LINK: http://aheadguide.com/wordpress/?s=SBMA&search=

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Sample Business Plan Part 9 -Action Steps/Action Plan

Number of View: 804

 Action Steps

a.)  Pre-operational Stage                    ( 1-30 days )

At this stage, preparation of documents and other requirements will be prepared like incorporator’s Ctc, bank deposits, and necessary requirements for filing the registration of the company.

 b.)  Registration of the Company        (15-30 DAYS)

On-line registration form can be obtained, and filled-up, signed, then notarized, then filed to SEC.          

 

c.)  Set-up and Preparation of Equipment and materials        ( 15- 30 days )

Network and connectivity set-up should have been take place as well as brochures, modules should be finalized and prepared

 d.) Initial operations                            ( 31-60 days)

After approximately one month, when all documents (DTI, Mayors permit, BIR, SEC, ) is on  hand,  initial operations can commence .

 

e.)  Marketing plan                             ( 31-60 days )

          A plan to market the ATCF services should be implemented and set into place

 

f.)  Planning Stage                             ( 60-90 days )

            After registering the management team can now meet to plan the next move and what to be done further to improve business operations.

 g.) Tie-up with a different company   (60-120 days )

 Notes :

The Action Steps or Plan is the beginning of materialization of your business plan it will help you a lot in learning how to examine your thinking and make sure you are focused in every activity that you need to do.

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Sample Business Plan Part 8 -Project site/Location

Number of View: 717

Project site/Location

 This project will be located somewhere in Ortigas,Pasig, or in the vicinity of Mandaluyong.

Notes:

In the brick-and-mortar world of selling, it’s said that the most important decisions you’ll have to make are choosing the best location. A careful determining of a sites for your business is critical for most retail and consumer service businesses.

 

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Sample Business Plan Part 7 Financials

Number of View: 462

 

 Financials          
Assumptions:           
Equipments for Initial Operations        
   1 Server (Quad-Core Intel® Xeon®
Processor E5405 2.0GHz
1333MHz, 2 x 6MB L2 Cache) 
 P         105,000.00  
   1 Laptop               30,000.00  
   4 Desktop               80,000.00  
   Hub                 3,500.00  
   Router                 3,500.00  
   Peripherals etc                 2,000.00  
   Aircon               20,000.00  
   Software licensing               50,000.00  
   Furnitures & fixtures               50,000.00  
               344,000.00  
           
Start up cost:          
Equipments                  294,000.00  useful life 3 years             8,166.67  
Furnitures & Fixtures                    50,000.00  useful life 5 years                833.33  
Total cost                  344,000.00                9,000.00 Depreciation cost
           
           
Funding Investment          
  Investor 1            400,000.00      
  Investor 2            400,000.00      
  other            200,000.00      
Total Investment            1,000,000.00      
           
Initial Salary    Rate   NoP   
Operation Manager 35000 1          35,000.00  
Technical secretary. 11000 1          11,000.00  
Marketing Manager (w/ Commision to be deducted at Cost of sales) 20000 1          20,000.00  
Sales Engineer (w/ Commision to be deducted at Cost of sales) 15000 1          15,000.00  
Technical Engineer 30000 1          30,000.00  
Technical Draftsman  11000 1          11,000.00  
               122,000.00  
           
           
           
Income Statement for 1 month operation        
Sales  3 contract @ 150,000   P         450,000.00  
Less: Cost of sales               (67,500.00)  
Gross profit              382,500.00  
Less:Operating expenses          
Utility expense               (20,000.00)      
Legal Fees (Mayors Permit, SEC, BIR etc..)             (50,000.00)      
Broadband Connection                 (3,000.00)      
Salaries expense  (6 persons )            (122,000.00)      
Rent expense               (20,000.00)      
Depreciation expense                 (9,000.00)      
Budget for 13th month & Additional bonus             (20,333.33)                       -    
Miscellaneous               (20,000.00)         (264,333.33)  
Net income               118,166.67  
           
Cash flow statement          
Beginning cash balance      P       1,000,000.00  
Add/Deduct:          
Cash flows from operations            127,166.67  
Start up expenses             (344,000.00)  
Ending Cash balance              783,166.67  
           
           
Balance Sheet          
           
ASSETS          
Cash      P         783,166.67  
Inventory          
Equipment              344,000.00      
Less: accumulated depreciation               (9,000.00)          335,000.00  
TOTAL ASSETS            1,118,166.67  
           
LIABILITIES          
Accounts Payable                           -    
           
CAPITAL            1,000,000.00      
Add: Net income              118,166.67        1,118,166.67  
TOTAL LIABILITIES & CAPITAL    P       1,118,166.67  
           
           
           
(Break Even = Fixed Cost / (Unit Price – Variable Unit Cost))  
           
           
FIXED COST                  261,833.33        
UNIT PRICE                  150,000.00        
VARIABLE UNIT COST                    20,000.00        
           
           
BEP 261,833.33      
150,000.00 20,000.00      
           
BEP 261,833.33        
130,000.00        
           
BEP 2.01  UNIT SALES       
           
                   302,115.38  TOTAL PRICE OF SALES TO BREAK EVEN 
           

The Financial Statements
Start-up budget
Income and expense statement
Balance sheet
Cash flow statement

Break even Analysis

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Aug 17, 2011 No Comments » Posted in Business Guide

Sample Business Plan Part 6B- Key to success

Number of View: 641

Keys to success

The following factors will be essential components to the success of this project:

 

A.)              Exceed customer’s expectations.

B.)              Offer comprehensive, flexible services to address market needs.

C.)              Professional management team recruiting only the best and brightest people,

D.)              Strong alliances and partners which will tremendously contribute to strong market presence,

E.)               Transparent and clear-cut business processes and procedures which should be consistent with current market practices and in keeping with I.S.O. standards,

F.)               Anticipate clients needs, Adapt software solutions to these needs, Identify industries/corporations that need planning tools.

 

Notes:

Knowing the key things that can tell you when you have reached your goals is called a key to success. This indicator you define serve as a measurement milestone that your business has achieved. It helps you determine how well you are progressing towards specific goals and objectives.

 

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Sample Business Plan Part 6A-Defining Mission

Number of View: 618

Mission

Our mission is to consistently exceed the expectations of our clients by providing flexible, high quality Information Technology solutions on time, every time. Our ability to meet this challenge is based upon our excellence in building strong teams of dedicated software professionals, all of whom are focused on the individual needs of our clients! Advanced Tech Consulting Firm’s will provide the client with the finest computer consulting services available. ATCF exists to attract and maintain customers. With a strict adherence to this maxim, success will be ensured. Our services will exceed the expectations of our clients.

NOTES:

An  effective mission statement is best developed through collaboration or through input by all the members of an organization. The statement of a mission should say who your company is, what you do, what you stand for and why you do it.

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Sample Business Plan Part 5B- Defining Objectives

Number of View: 654

  Objectives

 The following are the objectives of this business plan :

  1. To register a company which will offer web design, application development, software integration and offshore outsourcing services. The business approach combines the most strategic aspects of both onshore and offshore models providing our clients with the highest quality projects at significantly reduced costs.
  2. To enter into a tie-up with Cisco, Microsoft,  etc.

2.1.   Marketing Objectives

The marketing objectives are as follows:

  1. Increase sales every month for the first two years.
  2. Increase repeat customers
  3. Develop a brand image that is synonymous with quality
  4. To create a market plan which will stimulate clientele for the company;

2.2.   Financial Objectives

The financial objectives include the following goals:

  1. Increase the profit margin
  2. Hold spending at a steady level as a percentage of sales.
  3. Generate sufficient sales to eventually require the need to hire an additional employee.

NOTES: Business plan can’t be design without objectives.

Common objectives are raising money, attracting talented employees, establishing creditworthiness and fulfilling dreams A new company may have objectives that revolve around raising money for business capital, but it needs to establish creditworthiness.  When determining objectives, think about profitability goals and when they are to be achieved. Is there a niche the company should dominate, or should there be objectives concerning services offered and or product lines?

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Sample Business Plan Part 5A -The management Team

Number of View: 795

The management team

 The management team of the company, are tried and tested management professionals and experts in their fields.

 

MEE (Project Management Expert)
(COE Grad) IT Project Management Enterprise Resource Planning (ERP) Experts
Linux Base Consultant (Currently Employed at HP Philippines)
Marketing Expert (Own and Manage his own School)
Sole Proprietorship Owner and Executive Director CelcomFood Tech
Software and Web developer (Computer Science Graduate own and manage  3 Internet Shop)
(COE Grad) Technical Engineer Supervisor of Western Marketing Makati Branch
Law Practicioner
License Architech

NOTES:

Managing  an IT consulting firm,  it’s not like your regular employment agency.
You must  kept in your pool a bunch of consultants.        
And don’t let that consultants get hired by the clients.      
You must have consultants on Web and Applications development, Networking, etc. 
                 
If there is a client, project goes to the proper consultant.      
It is the consultant who tells us how much he would charge the client.    
From his charge, we add few covering the firm’s expenses, then we present it to the client.
If the client agrees, well then good.          
If not, we lessen our cut, but we never haggle with the consultant.    
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Sample Business Plan Part 4 Marketing Strategy

Number of View: 1826

1.3       Marketing Strategy

ATCF will employ several programs within their marketing strategy. All of the programs will have the goal of getting the largest bang for the buck as the marketing budget is fairly limited, but a necessary expenditure. ATCF will employ advertisements in two local newspapers, as well as provide free seminar workshops as a method of networking. The last element of the marketing strategy will be the use of a robust website that will catalog all of the different services offered by Advanced Tech and the word of mouth from satisfied clientele.

We will first target the corporate offices of franchises with more than 100 units, and companies with forces in excess of 100 personnel. Our partners (the software manufacturer) will provide the names and contact information for several firms which fit this profile. These firms have approached the software manufacturer about enterprise solutions in the past. These software firm has also provided a list of larger businesses that purchased an executive version of their desktop product. We will contact these firms with the idea of helping them take this planning tool to the next level.

The following strategy shall be employed by the company, to wit:

 

1.)                    Make a marketing plan to ensure the feasibility of the services;

 

2.)                    Benchmarking through a comparative analysis of other consulting firm how much they charge, salaries for staff, and other details so that we can peg charges within market standards;

 

3.)                    Recruiting the best staff to run the programs;

 

4.)                    Employ strategies technology to achieve objectives and goals;

 

5.)                    Be the market leader in the IT CONSULTING sector.

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Sample Business Plan Part 3 Trend & Competition

Number of View: 547

 Trend & Competition

Consulting services (management, scientific and technical) generated about $160.3 billion in revenues in the U.S. during 2007, according to Plunkett Research estimates. This is an increase of about 3% over 2006 estimates. (Accounting services generated an additional $110 billion in 2007, up about 5% over 2006 according to Plunkett Research estimates.) Kennedy Information, www.kennedyinfo.com, places the global consulting market (including management, human resources and information technology consulting) at about $310 billion in 2007.

One of the fastest-growing segments of consulting has been information technology (IT). This segment includes consultants focused on e-commerce; telecommunications; intranet and Internet strategies and functionality; hardware systems design and implementation; software design, acquisition and implementation; and web site design and operation.

During the tech boom of the 90s, IT consultancies like the now defunct marchFIRST appeared out of nowhere and quickly attained annual revenues in the hundreds of millions of dollars. The 90s, through the widespread commercialization of the Internet and fiber optics, as well as the rapid spread of networked computing, brought a dizzying tidal wave of technology opportunities to light. Managers everywhere wanted to quickly ramp up new systems, from web sites to private data networks to advanced e-commerce systems. They turned to consultants, and the IT consulting companies boomed. These consultancies created marketing partnerships with leading hardware and software manufacturers so that they could quickly recommend, purchase and install technology system packages-at high profits to both the consultancies and the system manufacturers However, consultancies posted significant growth in the 2005 through 2007 period. Major consulting firms are hiring again-stalking the ivy-covered halls of America’s best business school campuses in search of the best and brightest new MBAs. The fact that new graduates will have trouble getting jobs in the financial and banking industry in 2008 will be a boost to recruiters at consulting companies. However, a question looms about consulting firms’ ability to grow and hire in 2008 in light of the latest economic slowdown and shrinking corporate budgets. Government budgets are under pressure as well, particularly at the state level where large deficits loom. Big corporations and governmental agencies are prime clients for consultancies.

At the top of these the fact that Philippines have a large pool of English-speaking  that is very much US-oriented. Indonesia might have a large pool but they are not English Speaking, Malaysia maybe English speaking but it does not have a large pool. So there is a unique set of advantages that Filipino has to offer plus other advantages in terms of telecommunications we have a world-class fiber optics networks which is relatively inexpensive and in fact cheaper than India .

Despite these hindrances we know that IT consulting businesses grow from word of mouth. So as your business grows and one customer after another likes your work, your business will grow.
Competition is going to be fierce from best buy type consultants to local independent consultants.  But all businesses need an IT consultant – it’s a matter of who they choose.

Reference: THE REPORT :The Philippine 2008 by OXFORD BUSINESS GROUP

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Sample Business Plan Part 2 The Market

Number of View: 460

1.1              The market

        The company offers a wide range of computer consulting for big business as well as small businesses. The basic market need is a reasonably priced services in terms of software development, hardware issues, methodologies and or program that can translate technical computer information into everyday English, allowing the lay-person to easily understand technical concepts.

Our strategy is designed to target:

 

• Larger clients that will provide greater revenues through a larger volume of software licensing sales and greater chance of selling client interface solution.

• Medium- to large-size organizations whose sales forces provide their clients with proposals and plans that the client either collaborates on, or would benefit from collaboration.

 

Market Summary

ATCF possess good information about the market and knows a great deal of information about the prized customers. This information will be leveraged to better understand who is served, their specific needs, and how ATCF can better communicate with them.

Target Markets

 

Base on  2005 Annual Survey the Total no. of Establishment with average employment of 20 or more in thePhilippinesare 20,522  
 

1

Manufacturing company           5,902.00    

2

Wholesale and retail trade           4,317.00    

3

Hotels and restaurant             2,278.00    

4

Financial Intermediation              559.00    

5

Private education             2,087.00    

6

Transport, Communication, Real Estate etc.           5,379.00    
                20,522.00    
Resource:http//www.census.gov.ph 

Figure 1            

Market Analysis Number of Customer

Potential Customers

Growth

2009

2010

2011

2012

2013

Corporation Private/Govt.

12%

                36

                40

                45

                 51

                 57

SME Contracts

12%

                36

                40

                45

                 51

                 57

Others (Churches, Schools,Home PC Users)

12%

                36

                40

                45

                 51

                 57

Total  

              108

              121

              135

               152

               170

Notes:            
Corporation Private/Govt. @ 3 client per month  
SME Contracts @ 3 client per month  
Others (Churches, Schools,Home PC Users) @ 3 client per month  
             
Figure 2            

Market Analysis Peso Sales

Potential Customers

Growth

2009

2010

2011

2012

2013

Corporation Private/Govt.

12%

     5,400,000

     6,048,000

     6,773,760

      7,586,611

      8,497,005

SME Contracts

12%

     1,800,000

     2,016,000

     2,257,920

      2,528,870

      2,832,335

Others (Churches, Schools, Home PC Users)

12%

        540,000

        604,800

        677,376

         758,661

         849,700

Total

 

     7,740,000

     8,668,800

     9,709,056

     10,874,143

     12,179,040

Notes:            
Corporation Private/Govt. @ Minimum Contract Sales of Php 150,000.00 x Number of client at figure 1
SME Contracts @ Minimum Contract Sales of Php 50,000.00 x Number of client at figure 1
Others (Churches, Schools, Home PC Users) @ Minimum Contract Sales of Php 15,000.00 x Number of client at figure 1

 

 
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