KCPILLOWS SHOP

PROGRESS REPORT

August 10, 2013 KCPILLOWS SHOP To: Professor Rosicar E. Escober From: Ma. Karizza A. Cabildo Subject: Progress on my business KCPillows Shop Date: August 10, 2013

Introduction On July 1, 2013, you asked us to have and think of our own business to start with. Pursuant to this business project, I submitted a business plan last July 26, 2013 and start of formally my business last August 1, 2013.

As of today, August 10, 2013, I have sold pillows with affordable prices and figured out information and learning about building businesses. Information can be found in tables within the following progress report. The amount of time and money currently allocated for making pillows, and estimated the costs, in terms of supplies has also been determined. I am in the process of examining other additional business strategies needed and continuous work for making and selling pillows.

Progress Status

Work Accomplished Think of a business Thinking of a business that would be profitable is not that easy. This was started last June 21, 2013 until the 19th day of July 2013. I came up to an idea of creating and selling pillows thats why my business is named as KCPillows Shop. It serves as my past or kill time when Im at home and since I think it is a good business idea and I will be profitable when I sell it then I started to build it.

Time and money currently being spent on pillow production Currently, all aspects of the creation and production are handled by KCPillows owner. It is a duty for the owner to know different problems that may occur for budgeting and time management of the KCPillows production. Technopreneurship | Progress Report 1

August 10, 2013 KCPILLOWS SHOP Evaluation of time and money required for pillow production The figures in the table below were generated using product information obtained from manufacturer web sites and stores. For the purposes of this business, it is supposed that the products will be used for pillow making are clash cloth, stuffing, thread, needles, and so on. All figures are based on the time and money required to produce certain pillows. Therefore, the labor costs associated with this phase of the process are only applicable when sewing the pillow is done. Designing the pillow will be taken good care of the owner as well as the delivery.

Table 1 Time and Labor Investment Production Pillow Product Used Clash Cloth, Stuffing, Thread, Needle Design Delivery Fabric Paper Brown Paper Bag 10-20 Minutes N/A- Depends upon the location N/A N/A Time in Minutes 5-8 Minutes Labor cost at 10php/sew 10php

As these figures show, the day-to-day labor costs of producing pillow on the premises are very slight. Designing and delivering the pillow will be done by the owner. It requires such time to do all of this and complete this.

Table 2 represents the cost of supplies for the pillow making process. In the interests of consistency, a clash cloth is 100php per yard, needles cost 15php per box, thread with 45php per box, head pins with 40php per box, stuffing with 120php per kilo and fabric coloured papers with 10php per paper.

Technopreneurship | Progress Report 2

August 10, 2013 KCPILLOWS SHOP Table 2 Cost of Supplies Type of Supply Clash Cloth Needles Thread Head Pins Stuffing Fabric Paper Quantity 1.5 Yards 1 Box 1 Box 1 Box 1 Kilo 2 Papers Unit Cost 75Php/Yard 10Php/Box 35Php/Box 30Php/Box 120Php/Kilo 10Php/Paper Total Amount: Price Total 110Php 10Php 35Php 30Php 120Php 20Php 325Php

Work In Progress Manufacturing and Selling Pillows Manufacturing or creating the pillows is on progress, it depends upon the order date when to create those pillows. Pillow making is expected to be done for faster selling of the products and for faster designing of a certain pillows.

Scheduled Work Schedule Status for KCPillows Shop Business This business has been built last July 27, 2013. There are some materials that is needed in order to start the business and let the operation begin. I bought materials last July 28, 2013 including stuffing, clash cloth, needles, threads and others. Manufacturing and selling the products is in progress. Scheduled work such as business selling and production of pillows is on progress.

Technopreneurship | Progress Report 3

August 10, 2013 KCPILLOWS SHOP Table 4 Schedule Status

Key:

In Progress

Completed

Scheduled

Conclusion It is truly a blessing for having an opportunity to work on this business and for letting us to start with a new one. I look forward to moving into the next stage of the business process, and expect to finish my other scheduled reports and to continue KCPillows business progression. KCPillows Shop will continue to raise its selling and production. Becoming profitable arent bad, this will surely help me a s an owner and will probably become one of my great achievements. If you have any questions or concerns, you may get in touch with me at 09051671609 or by email at www.azzirak06@yahoo.com. Technopreneurship | Progress Report 4