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Internet connection then was dial up and expensive therefore only a few shops offered internet service. The bulk of their service back then was gaming and typing service for students. Introduction A “Computer Shop” is the Pinot slang terms for an internet cafe. Computer shops are rapidly spreading throughout the Philippines, so long as they are in demand. Computer shop business is one of the most in demand businesses here in Magmata.
Nowadays, internet cafes are really in demand because of the fast changing technology that the people embraced Just like here in the Philippines. Some have their own laptops and bring it to coffee shops so that they could relax and at the same time prepare their assignments and paper works. The people today are very busy and would want to do their Jobs in a beautiful and innovative environment that loud satisfy their needs and lessen their stress due to busy schedule.
Nature of Business First thing, an Internet shop, computer shop or cybercafé is a place where one can use a computer with Internet access, usually charged per hour or minute and sometimes one can have unuttered access with a pass for a day or month. “Limbless and Handballs Computer Shop” will provide service and entertainment to others around the vicinity of University of Magmata. Kind of Business The proposed name of the firm is “Limbless and Handballs Computer Shop”. The owner will register the firm with the Department of Trade and Industry (EDIT) and
Local Government Unit (LUG) concerned. The firm will be registered as a Partnership. The business is about computer shop. Partnership – is an organization where two or more person binds themselves to contribute money, property, or industry into a common fund with the intention of dividing profits among themselves ; Partnership is relatively easy to establish; however times should be invested in developing the partnership agreement, in our case there’s no problem about it because we are mostly friends and we are devoted to make our business progress. With more than one owner, the ability to raise funds- Debt vs.. Equity maybe increased. ; Enhanced capital availability. Two or more people will be providing and searching for capital. In addition, funding sources are more likely to entertain financing request because of the broader capital base Giant Chart Organization Chart This business starts with the capital of P 240,000. 00 Two Hundred Forty Thousand Pesos contributed by each partner as follows: Name Amount Type of Partner Kevin Rae Journo 60,000. 0 Capitalist Industrial Sarah Mae Pinned Capitalist Industrial Michel Sanchez Capitalist Industrial Manuel Advancing 60,000. 00 Sources of Funds: Capitalist Industrial Funds came from the personal savings of the partners. Year ago they decided to build up a partnership and start to save money for the capital of the business. Partners are regularly employed in different company and Just decided to establish a business for additional income. Some fund came from the savings of each family.