A Project Feasibility Study on Establishing a Management Consulting Firm MVM Consulting. 6

Feasibility Study: (Bachelor Science in Accountancy) - Pamantasan ng Lungsod ng Maynila, 2013. 56

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EXECUTIVE SUMMARY I. HIGHLIGHTS OF THE PROJECT A. Nane of the Firm- The firm's name is MVM Consulting. The firm derived its name from its general professional partner - Emmanuel S. Moleta, Christian Dave R. Villalon and Caila Mae M. Mendoza who contributed money and industry to the partnership. The firm offers accounting services, tax advisory and management advisory services. - MVM Consulting aims to serve and medium enterprises that need consulting services. It provides preparation of accounting services and bookkeeping services to companies that do not have accountants. The firm give advice to those who have difficulty in tax compliance and advice clients on the tax imp0lications of their proposed business, financial and accounting transactions. And lastly, MVM Consulting provides strategic and tactical business planning, financial analysis, projections and forecast. The firm assures to satisfy client's needs by employing competent staff members good quality service and professional management. - B. Location- The proposed location is in 438 Juan Luna Street, Artex Building 3rd Floor Room 308 Binondo, Manila. It could be located easily because the Plaza Lorenzo Ruiz and the San Lorenzo Ruiz Church is close to the building. Binondo is populated by several potential clients. The location is accessible, terminal of jeepneys and tricycles could be seen around the Plaza Lorenzo Ruiz. II. BRIEF DESCRIPTION OF THE PROJECT A growing economy is supported by increasing number of both local and foreign investors thus creating a larger demand for management consulting services. MVM Consulting is a consulting firm engaged with accounting, tax and management advisory services that aims to provide optimum quality of service and professionalism to its clients. The firm also promotes value of discipline, leadership, and respect in time and camaraderie among partners and its employees. III. MAJOR ASSUMPTION AND SUMMARY OF FINDING AND CONCLUSION A. Management Aspect-The management aspect consists of planning, organizing, staffing, directing and controlling activities of the firm. This usually includes the objectives of the firm, other job-related activities like job qualifications and hiring and the structure of the organization. MVM Consulting is a general professional partnership which consists of four capitalist-industrial partners namely Moleta, Villalon, Mendoza, and Luistro. The partners are sharing in the profit and loss of the firm equally which is 25% each. The firm will hire Accounting and Tax employees based on their qualifications. Aside from that, the firm will also hire receptionist and liaison officer which has the responsibility to assist the operations of the business. The firm will commence its operations on January 2014 after completing the pre-operating requirements set by related government agencies which include form and documentations have been accomplished. B. MARKETING ASPECT-As a newly established business, the firm use marketing research wherein the firm conducts investigation to support marketing activities and statistical interpretation of data into information. This information will be used to plan marketing activities, gauge the nature of firms marketing environment and attain information from suppliers. The firm planned to use statistical method in conducting marketing research. The firms indirect marketing strategy is by promotion of services through referrals, calling cards and brochure to prospective clients. The quality of the services given by the firm would be the basis to be known as one of the front liner in management consulting in Manila. Then, when the service become profitable the firm plans to extend its operations in Metro Manila as well as offering additional services such as legal and IT consulting. C. TECHNICAL ASPECT- The firmis located in 438 Juan Luna Street, Artex Building 3rd Floor Romm 308 in Binondo, Manila near the San Lazaro Church, where it is easily seen and located. The firm offers services which consists Accounting, Tax Advisory and Management Advisory and fees for these services depends on the complexity of the case. The office layout is designed to provide a space for clients which is the reception area, and the employees, which is the main working area. A listing of equipment and furniture with low cost but high quality has been provided for the firm and it is illustrated accordingly. D. FINANCIAL ASPECT - Realizing profit is the primary purpose of an organization. The firm projects to generate sufficient income for return on initial investment as well as to continue its operations for a long period of time. Part of its cash inflows will be the service income of engagement and its cash outflow will be at minimum operating cost. The firm desires to maintain an amount that will be forwarded as reserves for the next year of operation. Different financial ratios were calculated to determine the liquidity, profitability and stability. From the results calculated, the proponents have concluded that MVM Consulting is financially stable. E. SOCIO EDONOMIC - The firm consider its societal effects to the community. By this, the firm will pay its taxes and licenses that the law mandates that will be beneficial to the community. It also gives opportunity to individuals by employing then that affects the employment rate of the country. Lastly, the firm provide educational assistance by providing on the job training t that will make the firm a learning environment. IV. MODE OF FINANCE It assumed that the partnership shall be the form of organization that would be efficient in carrying out the business. MVM Consulting has four (4) capitalist-industrial partners who will contribute cash for a total of Php500,000.00 as their initial investment. The invested capital shall be deemed sufficient enough for the initial operation of the business. V. INVESTMENT COST The estimated investment cost is Php398,526.95 for detailed computation of project cost refer to note of pre-operating expense.

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