Tuesday, April 3, 2012

How Twitter Will Change the Way We Live

By: Steven Johnson 
The one thing you can say for certain about Twitter is that it makes a terrible first impression. You hear about this new service that lets you send 140-character updates to your "followers," and you think, Why does the world need this, exactly? It's not as if we were all sitting around four years ago scratching our heads and saying, "If only there were a technology that would allow me to send a message to my 50 friends, alerting them in real time about my choice of breakfast cereal."
I, too, was skeptical at first. I had met Evan Williams, Twitter's co-creator, a couple of times in the dotcom '90s when he was launching Blogger.com. Back then, what people worried about was the threat that blogging posed to our attention span, with telegraphic, two-paragraph blog posts replacing long-format articles and books. With Twitter, Williams was launching a communications platform that limited you to a couple of sentences at most. What was next? Software that let you send a single punctuation mark to describe your mood? (See the top 10 ways Twitter will change American business.)
And yet as millions of devotees have discovered, Twitter turns out to have unsuspected depth. In part this is because hearing about what your friends had for breakfast is actually more interesting than it sounds. The technology writer Clive Thompson calls this "ambient awareness": by following these quick, abbreviated status reports from members of your extended social network, you get a strangely satisfying glimpse of their daily routines. We don't think it at all moronic to start a phone call with a friend by asking how her day is going. Twitter gives you the same information without your even having to ask.
The social warmth of all those stray details shouldn't be taken lightly. But I think there is something even more profound in what has happened to Twitter over the past two years, something that says more about the culture that has embraced and expanded Twitter at such extraordinary speed. Yes, the breakfast-status updates turned out to be more interesting than we thought. But the key development with Twitter is how we've jury-rigged the system to do things that its creators never dreamed of.
In short, the most fascinating thing about Twitter is not what it's doing to us. It's what we're doing to it.
The Open Conversation
Earlier this year I attended a daylong conference in Manhattan devoted to education reform. Called Hacking Education, it was a small, private affair: 40-odd educators, entrepreneurs, scholars, philanthropists and venture capitalists, all engaged in a sprawling six-hour conversation about the future of schools. Twenty years ago, the ideas exchanged in that conversation would have been confined to the minds of the participants. Ten years ago, a transcript might have been published weeks or months later on the Web. Five years ago, a handful of participants might have blogged about their experiences after the fact. (See the top 10 celebrity Twitter feeds.)
But this event was happening in 2009, so trailing behind the real-time, real-world conversation was an equally real-time conversation on Twitter. At the outset of the conference, our hosts announced that anyone who wanted to post live commentary about the event via Twitter should include the word #hackedu in his 140 characters. In the room, a large display screen showed a running feed of tweets. Then we all started talking, and as we did, a shadow conversation unfolded on the screen: summaries of someone's argument, the occasional joke, suggested links for further reading. At one point, a brief argument flared up between two participants in the room — a tense back-and-forth that transpired silently on the screen as the rest of us conversed in friendly tones.
At first, all these tweets came from inside the room and were created exclusively by conference participants tapping away on their laptops or BlackBerrys. But within half an hour or so, word began to seep out into the Twittersphere that an interesting conversation about the future of schools was happening at #hackedu. A few tweets appeared on the screen from strangers announcing that they were following the #hackedu thread. Then others joined the conversation, adding their observations or proposing topics for further exploration. A few experts grumbled publicly about how they hadn't been invited to the conference. Back in the room, we pulled interesting ideas and questions from the screen and integrated them into our face-to-face conversation.
When the conference wrapped up at the end of the day, there was a public record of hundreds of tweets documenting the conversation. And the conversation continued — if you search Twitter for #hackedu, you'll find dozens of new comments posted over the past few weeks, even though the conference happened in early March.
Injecting Twitter into that conversation fundamentally changed the rules of engagement. It added a second layer of discussion and brought a wider audience into what would have been a private exchange. And it gave the event an afterlife on the Web. Yes, it was built entirely out of 140-character messages, but the sum total of those tweets added up to something truly substantive, like a suspension bridge made of pebbles.


Read more: http://www.time.com/time/magazine/article/0,9171,1902818,00.html#ixzz1qxdjzWXM

Wednesday, March 28, 2012

Pangilinan turns venture capitalist in search of next big Pinoy business idea

Pangilinan turns venture capitalist in search of next big Pinoy business idea
BY: EARL VICTOR L. ROSERO
Business mogul Manuel V. Pangilinan said he's willing to bet P100 million a year for the next five years on the best new business ideas in a new national compeition that he announced Wednesday.

"The desire is to take a 20 percent stake in the business should they commercially launch,” Pangilinan explained. The business risk will be spread by bringing in venture capital partners.

Pangilinan urged young Filipinos “to come out of their shell and dare to create and innovate.”

In an informal chat with journalists and bloggers in Makati on Wednesday, Pangilinan assured that ideas that pass scrutiny will get startup finance.

“We are prepared to meet the rate of failures this program will engender. That’s fine with us. I suspect that the P100 million might get wasted. That’s fine.”

Ideaspace, the venture capital vehicle for the national competition of business ideas, will get P100 million each year for five years, according to Pangilinan’s lead implementers, Earl Valencia and Martin Quan.

“At the end of the day when we get down to it,… it’s social investment by the group,… part of the corporate social responsibility to this country,” Pangilinan pointed out.

“We want the youth to dare, to innovate… to come out of their shell… if they’re not afraid to act or sing, they should not be afraid to create, innovate,” he added.




Scope of funding to increase manifold

The open competition is slated to start in earnest in May. Details such as the composition, functions and powers of the selection committee and the board of judges are still being worked out.

Aside from project finance, Ideaspace and the diversified array of corporate giants under Pangilinan’s management will provide mentorship, software management, and access to the market.

If the business thrives, “the scope of the funding will increase in a manifold way,” he said.

Cognizant of the harsh realities of the business environment, Pangilinan noted “the first few years of operations will incur quite a bit of loss so that will drive the risk and reward sharing… We are prepared to front end the risk of the venture.”



There will be intellectual property protection for the technopreneurs who get Ideaspace financing, he said.

“We want to make sure that the technopreneur continues to have a material stake…The technopreneur must have a continuing stake,” he added.

The initial grant of P500,000 for six months will include rent of the facilities the startup will need.

“Beyond that is sort of deep waters… as the inventor tries to translate his product that is commercially feasible,” Pangilinan said.

He expects rough sailing for the startups and assures that he will be a steadfast partner of the technopreneur.

“There will be a high failure rate, but that doesn’t mean we shouldn’t commit…There may be some with medium or moderate success, that’s good enough for us,” said Pangilinan.

Retirement Benefits on Social Security System

Retirement Benefits on Social Security System
by:admin
SSS in the Philippines
Social Security System (SSS) is one of the three mandatory employee benefits in the Philippines. The other two are: Home Mutual Development Fund for provident savings and PhilHealth, practical means of paying adequate medical care.

Employees working in private companies, like the OFWs (Overseas Filipino Workers) are required to have this kind of contribution. all employees under the age of 60, earning at least Php 1,000.00 pesos per month are obliged to have an SSS savings. Government employees are also mandated to contribute on similar insurance system, the Government Services Insurance System (GSIS).

For the self-employed, membership on SSS is optional. But, for your own security during your retirement age, it is a must to have an SSS savings..

Meanwhile, foreign personnel are also required to make contributions, unless in some circumstances on Philippine's social security agreement.

How SSS contribution is collected

The contribution is collected from the employee's salary. Employers will withheld this every month then submit to the SSS office whether monthly or quarterly basis.

Employers are also required to give contributions, more or less 180 % of employee's share.

I'll be forty this year and I'll wait for another twenty years to avail of the SSS retirement benefits. All I have to do is diligently pay for my obligations and repay my loans to lessen deductions.

Retirement benefits will cover my:

Medication - or hospitalization, if ever I got sick or afflicted with diseases when I reach the old age of 60 or so.
Disability - if ever I'll encounter accidents while working. Untimely retirement like this will be shouldred by my SSS contribution and whatever aggregates on my savings that the agency will give me back on a monthly basis.
Death & Funeral - Who should be afraid of death? We're all going there. At least, the expenses will be lessen because I'm ready to face the end of my life here on Earth. Too, morbid a though, huh?! Yet, we must be brave to face it at all times.
If time permits, I can extend my scholarly life by continuing to maintain family business during that retirement period or indulge in long vacation outside the country.

As we grow old, we should widen our horizon by traveling. Be a tourist. There are programs for the elderly that will benefit me and enjoy the rest of my life.

That remains to be seen.

For the next twenty years.

SSS Online Inquiry: Check your SSS Contributions, Loans, Status, Applications Online and Text

SSS Online Inquiry: Check your SSS Contributions, Loans, Status, Applications Online and Text
by: admin

Do you check or keep your SSS records up to date?
Wanna check your SSS status, contributions and loans online or thru text? Now you can. I’ve listed the ways in this hub. Members of the SSS (Social Security System) in the Philippines can now check their membership information, status and updates through the SSS Online Inquiry System in the official website of the company. Everyone doesn’t need to go to any SSS office just to see and check their contributions or loan applications. SSS has improved their online inquiry to serve its members better and faster. Just log in and you can view your social security records conveniently. The recent great news is that we can now check our membership contributions, loan balance and applications via text. Yup, yup, so easy. Read on.

What are the features of the SSS Online Inquiry? The system was developed to serve all members for easy access of their membership and social security records, update their profile anytime, view status, contributions, and transactions. I have summed up the features below:

Update SSS Profile – you can update or change your latest address, contact number and email address. You can change password, too.

View Member’s Records – includes SSS number, date of birth, complete name, date of coverage, latest employer, employment history, actual premiums and contribution, benefits, premium payments, total number of contributions, total amount, loan status, eligibility to loans, loan availed status or loan application status, salary loan application, maternity notification, and submission of contribution collection list (H3).

How to check SSS Contributions, Loan Balance and Applications Online

How to use the SSS online Inquiry? If you wanna check your personal SSS records online including your contributions, loan balance, applications, benefits and more, you are required to register online and be approved. It’s easy and takes less than a minute. All you need to do is follow the steps and you’re in.

Step 1 Go to SSS Online Registration on this link.

Step 2 A window will appear. Tick the MEMBER for the type of user.and Click SUBMIT.

Step 3 Supply the accurate info and fill in the boxes. The requirements are your SS number, first name, last name, middle name, date of birth, and email address. Double check the data you have typed and enter the Captcha.

Monday, March 19, 2012

DAY CARE CENTER BUSINESS PROPOSAL MINI-THESIS


VIRA CARE HOME FOR CHILDREN


A Business Proposal
Presented to the
Graduate Programs
of
Masters in Management

In Partial Fulfillment of the Requirements
for the subject
Management Planning and Control


March 2012




Acknowledgement


            We would like to thank God for guiding and giving us the knowledge and resources that made this business proposal possible.

            We would like to express our gratitude to the following people that gave their adequate support to accomplish this business proposal paper:















Table of Contents


Chapter I                   Title of the Project

Chapter 2                  Project Description

Chapter 3                  Objectives

Chapter 4                  Activities

Chapter 5                  People Involved

Chapter 6                  Timeline

Chapter 7                  Budgetary Requirements

Chapter 8                  Expected Output

Chapter 9                  Monitoring Schemes
                                   





CHAPTER 1

TITLE OF THE PROJECT


NAME OF BUSINESS                          :           VIRA CARE HOME FOR CHILDREN
LOCATION                                         :           Emilia Building Lardizabal St. Sampaloc, Manila
BUDGETARY REQUIREMENTS           :           Php 200,000.00
PROPONENTS                                                :           Virginia Caberto Bembo
                                                                        Ramon S. Gasgas Jr.
Date of Implementation                 :           June 2013


Introduction

ViRa Care Home for Children is a child care center (Virgie and Ramon) is a start-up organization that provides day care services in the Philippines. This small child care facility serves children from three years to four years of age. The services are safe and secure, providing the parents with an excellent place where your children can be taken care of. The ViRa Care Home for Children is a child care centers market is quite competitive in the Metro Manila particularly in Sampaloc, Manila.

Partnership was the form of business adopted. This was the easiest form of organization, wherein the partner owner has a full responsibility in the management and operational aspect of the business. Thus, the success or failure of the business lies entirely on the hands of the partners. This was also the form of organization indicated in the business plan.

Every organization must have its organizational structure that shows the systematic distribution of authority and the duties and responsible of staff. The proponents acted as the President and the Vice President of ViRa Care Home for Children.

























CHAPTER 2

PROJECT DESCRIPTION

ViRa Care Home for Children is a child care centers provide care and education to young children whose parents either work during the day or want to socialize their children at a young age. When operated appropriately, child care centers can contribute significantly to the social, emotional and intellectual growth of children.

ViRa Care Home for Children is a child care centers are designed to support the health, education and entertainment of young children. Toys are kept readily accessible, cots and cribs are provided for rest time and refrigerators and tables are there for food storage and service.

ViRa Care Home for Children is a child care centers have strict safety rules to protect both children and staff. Rules include behavioral guidelines to govern indoor and outdoor play, sanitary standards and procedures and physical health requirements.

ViRa Care Home for Children is a child care centers seek to contribute to the education of children by presenting age appropriate lessons, crafts and games. Child care centers encourage the healthy development of relationships between children, helping kids to learn appropriate ways to interact and socialize with one another.





CHAPTER 3

GOALS/OBJECTIVES


ViRa Care Home for Children is committed to following the developmentally appropriate guidelines established by the Department of Education Department of Social Welfare and Development. Providing a healthy, safe and secure environment for children; encouraging each child in his/her developmental growth by providing an environment that encourages learning through action, inquiry and exploration; assisting each child to gain better control and understanding of his/her body through interaction with the environment, materials, and equipment; helping each child develop language skills which will enable expression of thoughts and feelings as well as an opportunity to increase knowledge; promoting a good self image in each child by providing an environment that encourages independence, decision making, and problem solving; fostering an appreciation for the ethnic and cultural diversity of its families and its community; discrimination, in any form, will not be tolerated; and promoting a cooperative, informative, and respectful relationship with families.

MISSION

ViRa Care Home for Children aims to offer safe and secure child care at all times. Close personal attention to each child is essential to providing a quality experience for all children; therefore, adequate personnel will be hired to ensure each child has the proper supervision will in our care.



CHAPTER 4

ACTIVITIES

These are the standard operating procedures that the researchers intend to do during the regular days of the day care center.

Security - Identification Badges

All doors except the main gate leading to the classrooms will be locked from 8:00AM to 11:00AM and 1:00PM to 4:00 PM for security purposes. Access to the ViRa Care Home for Children is via the main gate only. All parents, employees will have their verified identification cards in order for the security guard to identify them properly. Such IDs will be properly surrendered upon withdrawal of their child’s enrollment.

Arrival

Please escort your child into the Center.  Help to see that his/her belongings are placed in the designated area, and that your child’s hands are washed.  Avoid rushing.  It is important for your child to start the day happy and relaxed. Please do not leave until a staff person has received your child.  Be sure to say good-bye when you leave.  Never sneak away!

Please be sure that you or an authorized adult, sign your child in and out on the attendance sheet which is posted outside each classroom door. Please include the time and your initials upon arrival and departure.  The sign in/sign out procedure is repeated each time the child arrives and departs the Center even if only for a short period of time.  This is a licensing requirement which is monitored by the Department of Education.  These forms are also used to account for all children in the event of an emergency. 

Authorized Release

You are required to advise the Center regularly where you, or a responsible adult (emergency contact person), can be reached while your child is at the Center. This is important in case your child becomes ill or is injured.  Children can only be released to parents/guardians having legal custody or to emergency contact persons designated in advance by parents or legal guardians.  If  someone other than the parents/guardians or emergency contact person is picking up your child, a release form authorizing a specific person to pick up the child must be filled out and signed by the parent and/or legal guardian. 

At the time of pick up, both the designated person and a staff member must sign the form. In cases of child custody disputes, a copy of the custody papers must be kept in the child's folder in order to safeguard the rights of the child.  Children will only be released to a parent bearing legal custody unless arranged otherwise in advance.  Unless custody papers are submitted, it is assumed that both parents have equal rights to pick up a child.  Anyone picking up children from the Center may be asked to show photo identification.  Please be sure you inform any designated contact persons of this policy.  If you know you will not be the person picking up your child, please let the staff and your child know this in advance.




Outdoor Play

As part of their active day, children are afforded as many opportunities as possible for outdoor play.  While each classroom strives to accomplish both morning and afternoon outdoor playtimes, the weather sometimes prohibits such activity, or delays the scheduling of such activity throughout the day.  Outside time is limited during inclement or excessively hot or cold weather. 

Children will go outside when temperatures are between 20º and 90º F.  Children will remain inside on “Code Red” days.  Please ensure that your child is dressed appropriately for the weather.  In addition, we ask that you apply the first coat of sunscreen at home or upon arrival at the Center.  With your permission, the staff will reapply sunscreen, as needed, to your child’s exposed skin.  You supply the sunscreen in its original container, labeled with your child’s first and last name.   We also ask that you supply bug repellant spray in its original container, labeled with your child’s first and last name.  With your permission, the staff will apply bug repellant spray, as needed, to your child’s clothing. 

Rest Periods for 3, and 4 year olds*

ViRa Care Home for Children has a long active day.  Naptime is a designated time between 10:00 am. – 10:30 am and 3:00pm -3:30pm.  Children are encouraged to rest during breaktime. Soft music and back rubs help the children relax.  Scheduling a specific time to rest is a regulation of the Department of Education. 




Departure

When parents arrive for pick up, children are expected to put away their projects and toys and prepare to leave.  Remember your child may be excited about a project completed that day and want to share with you at this time.  It is important that you allow enough time at the end of the day to pick up your child and collect their belongings so as to exit the ViRa Care Home for Children by closing time. 

Teachers may not always be available to help the children gather their belongings and put on their coats.  We ask for your help in tending to your child's needs at this time.  Please be sure that you or the authorized adult signs your child out on the attendance sheet at pick up time.  A person authorized by the parents or guardians to pick up their child may have to show photo identification if he/she is unfamiliar to the staff.  Please be sure the staff knows your child is leaving.  Children will not be released to minors.

Photographs and Publicity

Photographs of the children participating in our programs may be taken periodically and may appear in newspapers, magazines, brochures or other publicity materials. Permission for the use of these photographs, to be used without compensation and with child anonymity, is requested when your child attends the ViRa Child Care Center.






Reporting Child Abuse

The employees of the ViRa Care Home for Children are required by law to report all suspected incidents of child abuse or neglect to the proper authorities.  It is important to tell the teachers or Director the nature and circumstances behind any unusual bruises or injuries that your child has received.  This will aid in evaluating and not over reacting to a situation. 

Mandatory Withdrawal

Families may be asked to withdraw from the ViRa Care Home for Children for any of the following reasons:

1.      Delinquency of tuition or fees; 
2.      Non-compliance with the Vira policies;
3.      Inability of the child or parent to adjust to the Vira’s program; or
4.      Inappropriate or unacceptable behavior toward Center staff or other enrolled children.  With the exception of withdrawal due to delinquency of tuition or fees, parents will be notified 2  weeks in advance of the termination date for their child.  Prior to termination, a 1-4 week probationary period will be established by the ViRa President. Continuing attempts will be made to work together with the parents to find a solution and/or resolve the problem. Community resources will be utilized to the fullest extent possible. If the problem or situation is unresolved following this probationary period, the child will be withdrawn.  The Center Director, as representative of the ViRa Care Home for Children, is the final authority on termination of a child.

Chapter 5

PERSONS INVOLVED

ViRa Care Home for Children will be lead by two (2) child care Registered Social Workers, one (1) Business Management Course and one Medical Course. Maria Jose and Jackie Amanzano. Maria is a Registered Social Worker and a graduate of Bachelor of Science in Social Work at the Pamantasan ng Lungsod ng Maynila and Jackie is also RSW and a graduate of Polytechnic University of the Philippines.

While, Mr. Ramon S. Gasgas Jr. is one of the owners of ViRa Care, he is a graduate of Bachelor of Science in Economics, Bachelor of Science in Secondary Education and Master of Arts in Management at Technological University of the Philippines. He has an experience in the Department of Social Welfare and Development for almost six (6) years now, handling mostly special projects and has a experience in community particularly families in a depressed areas. He is in-charge in the management, financial and operational of the said ViRa Care.

And, Ms. Virginia Caberto Bembo is a Registered Radiologic Technologist and a graduate of Bachelor of Science in Radiologic Technologist and Master of Arts in Management at the Technological University of the Philippines. She is a Radiologic Technologist Officer at the University of the Philippines Hospital. She is in-charge also in the Management, financial, operational and medical concerns of children in this business.

ViRa Care Home for Children is an exciting opportunity that provides safe and secure child care to Sampaloc, Manila and its neighborhood. ViRa Care Home for Children will reach sustainable profitability over the next three years. Through a combination of well-priced services, outstanding customer service, and a well seasoned management team, ViRa Care Home for Children will quickly gain market share and a reputation as a first unique child care provider.



ORGANIZATIONAL CHART

PRESIDENT
Teacher (AM)
Teacher (PM)
VICE PRESIDENT
 





















CHAPTER 6

TIMELINE

Business Plan preparation is the most significant tool in establishing an enterprise because it serves as a guide in visualizing the operational activities of the project. The Business Plan was prepared six (6) months before the actual preparation. To facilitate business plan preparation, the student reviewed and research on the operations of Day Care Centers in the Philippines. Data information was gathered from various sources in the preparation of the business plan. The proponents established the four components of the business plan, which include the marketing, technical, organizational and management and financial aspect.


















CHAPTER 7

BUDGETARY REQUIREMENTS

The capital Requirements of Php 200,000.00 will be financed by the partners Virgie and Ramon equity. The proponents in investing the capital requirement of the project will be adopt resource-matching investment. However, an amount of Php 109,000.00 will be invested by the proponents as start-up capital of the project. The ending cash balance in the first year of operation will be used to sustain the operation of the second cycle.

The projected financial statements were prepared by the proponents to determine the profitability, cash sustainability, financial sustainability, and worth of the project.

The responsible for the different activities of the business, namely: recording managing, marketing and financing. The two Teachers /Social Workers were paid Ten Thousand Pesos Only (Php 10,000.00) per month starting June 2013 according to the salary standardization in the Philippines especially in Metro Manila. The rest of the income of the said ViRa Care Home for Children is the salary of the President and the Vice President who owned the said day care center.

The rent for school were paid Fifteen thousand pesos (Php 15,000.00) per month as one month advance one month deposit total of thirty thousand pesos only  (Php 30,000.00) payable starting April 2013 before starts of classes.  

The facilities were starts to renovate, clean with mural paintings and overhauled on May 2013 to become a lovely, peaceful, lively, colorful, day care center classroom of the nursery pupils. It will cost ten thousand pesos only (Php10,000.00)

 The ViRa Care Home for Children was estimated the number of students of seventy (70), thirty five (35) students in the morning shift all three years old and thirty five (35) students in the afternoon all four years old. So, it means that there are a total number of forty (40) colorful chairs and tables including chairs and tables of teachers and visitors. It will cost twenty thousand pesos only (Php 20,000.00).

The supplies and equipments includes whiteboard, blackboard, reading materials, toys, colors, puzzles and the like it will costly estimated amount of twenty thousand pesos only (Php20,000.00)

Business Permits includes, Brgy. Clearance, Police Clearance, Certificate of NBI, Sanitary Permit, DTI Permit, DepEd Permit and DSWD Clearance to operate the Day Care Centers it will cost an estimated amount of two thousand pesos only (Php2, 000.00).

According to the owner of the said establishment the estimate amount of electric bill in a monthly basis will costly two thousand pesos (Php12, 000.00) in twelve (12) hours operational in a month. The bill for water was estimated amount of five hundred pesos only (Php 500.00) in a monthly basis.





As summary of expenses in first month of operations:

Description
No.
Unit
Amount
Total Amount
Electric Bill
1
month
         2,000.00
        2,000.00
Water Bill
1
month
           500.00
        5,000.00
Salary of Teachers
2
per head
       10,000.00
      20,000.00
Rent
2
months
       15,000.00
      30,000.00
Tables
40
pcs
           200.00
        8,000.00
Chairs
40
pcs
           300.00
      12,000.00
Supplies and Equipments


       20,000.00
      20,000.00
Renovation


       10,000.00
      10,000.00
Business Permit


         2,000.00
        2,000.00



       60,000.00
    109,000.00
















CHAPTER 8

EXPECTED OUTPUT


After a year of full operation of the day care center business proposal, the researchers project a 25-30% net income from the said year-long operation.  This projection may vary depending on the effectivity of the advertisement or promotional ventures which the operators of the said day care will invest into.  It would therefore be crucial for them to really do well in the said promotions so as to reach the target monetary expected income of the day-care center. As much as possible, other significant factors must also be considered in order to have a clearer picture of the said expected income.  These factors may include the strategic location of the said educational establishment, the environment where it is located, the possible clientele, and the type of curriculum it will offer and the holistic approach of the said day care to educational management.

Undoubtedly, the many advantages and good effects of the day care center to the children and their families together with the community where they belong is their becoming more prepared to face the challenges of life through proper education.

           







Schedule of Fees

Registration Fee
          1,000.00
Tuition Fee
          5,000.00
Miscellaneous Fee
          3,000.00
ID Fee
             200.00
Laboratory Fee
          2,000.00
Dental Fee
             500.00
PE
             500.00
Tutorial Fee
             200.00
Back Accounts
Php
        12,400.00


PROJECTED INCOME FOR 5 YEARS

Year
No of Students
Tuition Fees
Total Amount of Receivable
A.Y. 2013
70
12,400.00
            868,000.00
A.Y. 2014
70
12,400.00
            868,000.00
A.Y. 2015
70
12,400.00
            868,000.00
A.Y. 2016
70
12,400.00
            868,000.00
A.Y. 2017
70
12,400.00
            868,000.00

350
62,000.00
         4,340,000.00

The projected income statements of the business will generate sales revenue of Php 296,000.00 in the first year and Php 304,000.00 in the second year. The total cost of production per year will be Php 304,000.00 in the succeeding year.

Income Statement

Items
Year 1
Year 2
Income
868,000.00
868,000.00
Less: Cost of Expenses


Electric Bill
24,000.00
              24,000.00
Water Bill
6,000.00
60,000.00
Salary of Teachers
240,000.00
240,000.00
Rent
150,000.00
            120,000.00
Supplies and Equipments
120,000.00
            120,000.00
Tables
8,000.00

Chairs
12,000.00

Renovation
10,000.00

Business Permit
2,000.00

Sub-Total
572,000.00
            564,000.00
Gross Profit
Php 296,000.00
       Php 304,000.00












CHAPTER 9

MONITORING SCHEMES


Most child care centers operate on a schedule that is convenient for working parents, remaining open for 10 to 12 hours a day and closing only on national holidays.  The day care center is responsible for the attendance and absence of their students since this monitoring scheme of their presence or absence will eventually determine if they will pass through the requirements of the said day care center in view of their policies and regulation.  The monitoring aspect of the center aims to see to it that the students will soon become more responsible with their duties of attending their classes regularly with the full support of course of both their parents and teacher.















References

  1. ^ http://www.pc.gov.au/__data/assets/pdf_file/0008/85436/75-factsheet-chapter03.pdf
  2. ^ https://senate.aph.gov.au/submissions/comittees/viewdocument.aspx?id=71739615-6bef-4110-bb86-37d28909847a
  3. ^ National Childcare Accreditation Council
  4. ^ Childcare establishment locator > MFA
  5. ^ City of Toronto: Child Care Finder