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  COMPANY OBJECTIVES Short Term Objectives    To produce a product that is budget-friendly and intended for ages 13-55.    To create an alternative way to use a fan.    To establish a fashion fad that can also be used as a cooling device.    To utilize the warm temperature of the sun rays as solar energy to power the device. Long Term Objectives    To double revenue by the end of the current fiscal year.    To receive at least 95 percent positive customer feedback regarding the product you provide. FEASIBILITY CRITERIA Market Aspect There is no specific location where the Solar Fan Cap will be sold. The entrepreneurs will be distributing the products on various stores, the entrepreneurs will sell the product personally since the business is concerned with only one product . The Target Market of the enterprise is 50% for the students, 12.5% for the workers who take public transportation, 12.5% for children below the age of 8, and 25% for the public workers whose work requires them to stay under the sun. The main target of the enterprise it the community.   The return of assets or return of investments in the year 2019 is 5%, after a year it reached 10% and year 2015 it increased 30%. The current year’s return of sales is 5%, a year after it reached up to 20% and it increased 40% after five years. Technical Aspect The Solar Fan Cap utilizes the solar energy that the sun releases and convert it into electricity to power the fan as well as to protect the customers’ face against the harmful UV rays therefore giving benefits to the consumer as well as the environment. Solar Fan Cap is a cap that is not only used to  provide shade and coverage for the heat, this cap will also provide comfort and ventilation for it comes with a solar powered mini fan installed in it. The entrepreneurs are making sure of buying low priced materials but good quality ones to provide and give customers efficiency. The total cost of raw materials to be used in the production is P 350,550.00 annually. Management Aspect We would bind ourselves to be limited partners where in the extent of our liabilities will only be up to the extent of what we have invested in the business. In order for the business to operate, we gathered and completed the necessary documents needed such as Articles of Co-partnership, SEC Certificate Articles of Co- partnership, Certificate of Registration of Business Name and Mayor’s Permit. The pre-operating costs Php 13,000.00 Financial Aspect This study determines the assumptions of the cost that may be used in operating the business. The total project cost is Php 400,000.00 in which no partnership will be involved. But the supposed return of investment for the first year is 5%. LIMITATIONS OF THE PROJECT STUDY The scope of the study constitutes an extensive and efficient planning of the Solar Fan Cap. Its scope is studied to arrive at a decision where to establish the proposed business. We took up observations, interviews, and researches in schools and universities mainly, Polytechnic University of the Philippines from August 10-15 2019. It is for determining the present situation of the industry, the demand and supply for the product, buying behavior of the target market, the process involve in making snack products and how profitable the business can be.   
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