Management Aspect of Tacolitos

CHAPTER II: MANAGEMENT ASPECT

The management aspect implies a clear and precise identification of duties and responsibilities, flow of authority and manpower level requirement. It must be set up for optimum effectiveness. To achieve these, management must be able to plan all activities, for the company to become productive and competitive industry through human resource, financial capability and new technologies.

A. Form of Business Ownership

Partnership was chosen as its form of organization, each member would contribute capital not only in term of cash but also in assets, resources, ideas and as well as skills and capabilities.

Mission and Vision of the Company

Mission:

 To promote a Mexican dish in the street of the Sta. Maria.

 To provide a well balanced street food for a healthier living.

Vision:

 To be the first in the industry to provide tacos in a food stand.

 To be characterized as developer of tacos in the region.

 To have a contribution to the society in terms of job employment and franchising opportunities

Name of the Business

The company name "Tacolitos" derives from the product Tacos, which means tacos in a small size of it. Tacolitos can provide tacos in affordable price but not sacrificing its quality and the taste itself.

Tacolitos assures quality made tacos and provide innovations that tacos can complement with different dips and upgrading its taste to a new different level.

Objectives of the Company

 Market share objectives: obtain 20% of shares in the direct competitors and 3% in all the food business in Sta. Maria in 2014.

 To increase sales and profit: increase 5% of sales every year of operation.

 To survive: be competitive so business will survive and last to a long period of time

 To grow: to be able to open franchising opportunities in the next 5 years.

Owners Capital Distribution

The distribution of capital is from the (8) eight members of the group. The investment of the groups is depending on the position in the partnership, general partner and limited partner. The general partner will have a much higher investment than the limited partners.

Table 1 Capital Contribution

Tacolitos Capital Contribution Invested Materials Total

Ronel Victor Camarista

3,375.00 Container

900.00 4275.00

Abbigayle Rea

3,375.00 Gas Stove

500.00 3875.00

Robert De Guzman

3,375.00 Chair

630.00 4005.00

Roseann Magatao

3,375.00 Frying Pan

200.00 3575.00

Charlito Evangelista

3,375.00 Flourecent lamp, Broom stick, Dust pan and Pail

380.00 3755.00

Vanessa Azanes

3,375.00 Trash Bin

100.00 3475.00

Cristina De Ocampo

3,375.00 External Fan

150.00 3525.00

Reymark Robles

3,375.00 Steamer

200.00 3575.00

Total

27,000 30060.00

B. Pre - Operating Period

The group shall first procure a business permit from the Sta. Maria Municipal Hall. Before the issuance of t he Business permit, several documents shall be first submitted which includes; Barangay clearance granted by the Barangay Captain of Barangay Caypombo, Sanitary Permit, Health Permit, Mayor's Permit, BIR Certificates, and Securities and Exchange Commission registration for Partnership.

C. Company Structure/Organization

Staffing Requirements

All partners/managers will be hands-on workers; they would be the staffs on the store and provide services for the customers. Tacolitos hiring of employee will not be to often because the owners themselves are also part of the firm's labor force or employees. Initially, the business will hire employees on the next few years of operation. The organizational structure of our company is a line type structure that provides specific description and qualification in every position.

Table 2 Job Description and Specification

General Manager

Job Description He/she is responsible in performing the functions of planning, organizing, directing, and controlling the work of other manager.

Job Qualification * College Graduate preferably in Entrepreneurial Management or any related courses.

* Ages 20 - 25 years old.

* With highly entrepreneurial spirit and responsibility

* With outstanding leadership, interpersonal and conceptual skills.

* Goal oriented

* With pleasing personality and good moral character.

Assistant Manager

Job Description He/she will be coordinating with the general manager to help perform his/her function. In charged with training and orienting newly hired employees. Also responsible in scheduling time to be devoted to work.