Entrepreneur’s Profile Name: Mrs. Nenita Facundo Eroma Age: 62 years old Address: G. Redor St. Siniloan , Laguna How many years of business experience do you have? Since 1982 (27 years) Educational Attainment: College Graduate Business Name: Nefa’s General Merchandise Date Established: 1982 Initial Capital: Php 3,000.00 Reason of EOM (Establishing Organizing Managing): Because I love selling small products and it is my passion.
POSDC (Planning Organizing Staffing Directing Controlling ) Planning I start selling foods since then, and I’ve planned to improve it and make a sari-sari store. Then while I notice that it clicks to the buyers, I started planning the expanding of my store using my profit that I collected from my sari-sari store. Organizing Using my profit, I can make my store to have a place where my different products can easily identify. This will make the buyer satisfied because we/I can give them service as early as they want. I also think about different products that I can sell. Staffing My grandmother and grandfather started small business with the only two of them, but as the store expands and improves, they hire employees that they know these can help them. Directing Staffs are divided into different ways. First, I explained to us where they can find the different products. After that, I assigned them into the products that they will assists. Other are in biscuits, some are in junk foods and more as many products as one staff can manage. Controlling Don’t spend more money that your profit. Try to sell other products that buyers may want. To maintain the good effect of your business, remember to work harder, be a profit-oriented, be patient and always think positive. Also remember to have a good communication with the others specially to your staff and buyers, have a people skills.
Entrepreneur’s Profile Name: Grace Magbuo Age: 25 Address: G. Redor St. Siniloan , Laguna How many years of business experience do you have? 12 years Educational Attainment: College Graduate Business Name: Food Court Date Established: April 17, 2007 Initial Capital: Unknown Reason of EOM (Establishing Organizing Managing): For family business, because my cousins didn’t have any occupation .
POSDC (Planning Organizing Staffing Directing Controlling ) Planning Including family while planning, this must first a cafe but it ended up as a food court. At first, we cook foods which are familiar to everyone until I add some of it as it clicks to most buyers. Organizing We started saving money so that we can make this court, as we have enough capital for the business, we started to bought things such as utensils; spoon, fork, and other used for cooking, plate or bowl and also chairs and tables. After this, we started to organize these tables in different places so that the customer will feel comfortable while eating. Staffing In this business at first, we are only the family members but since other have their own family, we hired some employees substitute to my family members that were separated now. Directing I divided them into several works; 3 were visible outside: 1 cashier and 2 waiters, 2 cooks, 2 dishwashers, 1 helper and 1 were assigned in dessert. Before I divide them into different works, I first make sure if they were compatible to the work assigned to each of them. Controlling You need to be profit-oriented; you must know what present foods were popular to the taste of people and also the foods that they don’t want to eat. Also don’t forget to please your customer and do not lessen the ingredients only to save money. Don’t mind your big profit, just provide the ingredients needed.
Venn Diagram; They both use Operational Planning : They assigned their employee into different activities . They have the characteristics of an entrepreneur in order to control the flow of their business.
Reflection : On our experience while interviewing successful entrepreneurs, we realize that even though they improve their business from smaller into larger business, they can’t forget on how they started. They can’t forget on how they planned their business and the reason why did they want to start these businesses. The characteristics of an entrepreneur must always observe and seen in order to control their business. Like what Ma’am Grace said, “Quality over Quantity”. They don’t mind the money that they will spent, instead they want the customer to be satisfied in their product . In this activity, we’ve learned that Venn diagram can be used in order to compare two successful entrepreneurs. We’ve learned that entrepreneurs have their own technique in planning, organizing, staffing, directing and controlling their business or what we called “POSDC”.
Pictures/ Documentation Part 1: Mrs. Nenita Facundo Eroma