Performance snapshot

Of course in our statements we wanted our business to gain as much profit even though this is just our first year in business. Unfortunately, we have more liabilities and it is a good thing that we do not have any bazaars to do anymore. We’re guessing that if we continue doing this in a daily basis for a year, our business would kick off but as of now our financials did not look good as what we were expecting.  Raw materials have high price. We have fruits as one of our main ingredients and the price of these is seasonal. Hiring a sales lady was really expensive. We sometimes did not meet the expenses of the rent to what we have sold for the duration of the bazaar. At one point we kept on spending more than what we had.

Negotiate Php 250 as the salary of the sales lady to minimize our expenses as a group.

Chose bazaars that had a reasonable rent fee but a lot of foot traffic.

1. We became more aware of how important money is and how easily it can vanish.

2. Thought of more practical things to spend on.

3. Finding good help nowadays is expensive and hard.

4. Businesses don’t necessarily have to be situated on class A and B areas; it has to be where the foot traffic is at.

5. Learned how to budget our profit well enough to make us survive other bazaars.