A FEASIBILITY STUDY OF

GDCK TILAPIA FARMING IN BAYUGAN CITY

A Feasibility Study

Presented to

Agusan del Sur College, Inc.

Bayugan City

In Partial Fulfillment of the Requirements for

the degree of Bachelor of Science in Business Administration

Major in Operation Management

By:

GERAD KENNETH T. BENOYA

DENNIS C. ARIENZA
CARMINA A. TABAÑAG
KENNETH VERGEL B. JUANITE

January 2023

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 APPROVAL SHEET

This Feasibility study entitled “GDCK TILAPIA FARMING” prepared and submitted by
GERAD KENNETH BENOYA, DENNIS ARIENZA, CARMINA TABAÑAG, KENNETH VERGEL
JUANITE in partial fulfillment of the requirements for the degree of BACHELOR OF SCIENCE IN
BUSINESS ADMINISTRATION Major in Operation Management, has been examined and
recommended for acceptance and approval for Oral Examination.

MARLYN S. GOTICO, MBA

Adviser

PANEL OF EXAMINERS

APPROVED by the Panel of Examiners at the Oral Defense on the First Semester A.Y. 2022 –
2023 at ADSCO, Bayugan City with a grade of PASSED.

EMAR B. REQUINA, MBA

Panel Chair

MATHEO P. TABACON JR., MBA MARCK T. GABOR, MAEM

Panel Member Panel Member

ACCEPTED in partial fulfillment of the requirements for the degree in Business

Administration Major in Operation Management.

MARLYN S. GOTICO, MBA

Dean, BSBA

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ACKNOWLEDGEMENT
 This Feasibility Study has been made possible by the0 guidance, supervision, cooperation and

participation of the following:

To our Almighty God who always look up and secure the safety of the proponents in doing

this project.

To our parents for the financial assistance and who always guide and give words of wisdom

to inspire us in doing our best in preparing the Feasibility Study.

To our beloved intelligent Professor, Marlyn Signo Gotico, who has greatly shared his

knowledge with us with patience and diligence in helping us meet the necessary works for the

completion of our Feasibility Study.

Together, we sincerely acknowledge and give thanks the person's mentioned above who

have brought the success of doing this Feasibility Study. We are very grateful for this wonderful

accomplishment.

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Executive Summary
 GDCK Tilapia Farming is a newly proposed business to be set up in Green Village, Barangay

Poblacion, Bayugan City in Agusan Del Sur. Aquaculture is not only a source of food but also a

significant source of income for millions of people around the world. In the Philippines, tilapia has

become an important food fish for overall household expenditures. Tilapia is the second-most

important type of fish to cultivate after milkfish.

It is easy to prepare and easily consumable as compared to meat and other substitutes. In

the short run, GDCK Tilapia Farming gives effort and providing, introducing total quality management

will help capture a fair share of the market and establish a good relationship with our customers in

terms of payment.

In one year, GDCK Tilapia Farming will harvest every 4-6 months tilapia product, and we

believe our product will reach potential markets. In the tilapia business, we can say that we will

recover our capital because according to the Bureau of Fisheries and Aquatic Resources that tilapia is

in demand and the second most profitable fish.

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Vision, Mission and Goal / Objectives

Vision

 To obtain and gained the trust of our customers.

Mission

 To ensure that our customers receive the freshest Tilapia fish at a competitive price.

Goal

 Is to produce healthy, high-quality tilapia that can be sold to consumers. The ultimate aim is

to increase production and profitability while minimizing environmental impacts. This can be

achieved by improving farming practices, developing new technologies and techniques, and

educating producers on the best methods for raising and harvesting tilapia.

Objectives

 Increase tilapia production within Bayugan City by the end of 2024.

 Reduce costs associated with tilapia farming within Bayugan City by the end of 2024.

TABLE OF CONTENTS
 Page

Title Page i

Approval Sheet ii

Acknowledgement iii

Executive Summary iv

Vision, Mission, Goals/Objectives v

CHAPTER I INTRODUCTION 1

CHAPTER II REVIEWS OF RELATED LITERATURE AND STUDIES

2.1. Local Literature and Studies 3

2.2. Scope and Limitation of Study 11
2.3. Significance of the Study 11

CHAPTER III PRESENTATIONS AND DISCUSSIONS OF FIVE ASPECTS

1. MANAGEMENT ASPECTS

1.1. Owners Profile & Equity Contribution 13

1.2. Organization Structure 14

1.3. Job Description 14

2. MARKETING ASPECTS

2.1. Product/Services 15
2.1.1. Description of Product 15
2.1.2. Target Market 16
2.1.3. Demand and Supply Analysis 16
2.1.4. Market Share 18
2.2. Price 18
2.3. Place 19
2.3.1. Vicinity Map 19
2.3.2. Floor Plan 19
2.4. Promotion 19
2.5. People 20
2.6. Process 20
2.7. Physical Evidence 21
3. TECHNICAL ASPECTS
 3.1. Machine & Equipment 22
3.2. Supplies 24
3.3. Furniture & Fixtures 25
3.4. Purchases 25
3.5. Pond 25
3.6. Legal Documents to be processed 26
4. FINANCIAL ASPECTS
4.1. Projected Financial Statements 27
4.1.1. Projected Cost
4.1.2. Projected Statement of Operation 30
4.1.3 Projected Statement of Financial Position 31
4.1.4. Projected Cash Flow & Statement 32
4.2. Financial Ratio Analysis 33
4.2.1. Net Profit Margin 33
4.2.2. Return of Investment 33
4.2.3. Return of Equity 33
4.2.4. Payback Period 34
5. SOCIO-ECONOMIC ASPECTS
5.1. Employment 34
5.2. Social benefits 34
5.3. Government Revenue 34

CHAPTER IV SUMMARY OF FINDINGS, CONCLUSIONS AND RECOMMENDATION 35

REFERENCES 37
 CHAPTER l

INTRODUCTION

The Philippines (in 1990) is considered the world’s largest grower of the fish from farming

which produces 76,143 metric tons of tilapia and contributed 22% of the total fish production of the

country from aquaculture. At present, the culture of tilapia is still expanding industry in the country. It

is grown in about 14,500 hectares of freshwater ponds about 500 hectares of fish cages in lakes and

reservoirs throughout the Philippines. There are over a thousand small-scale hatchery operators in

the country with areas ranging from 500 m2 to 5,000 m2 with an annual estimated production of

over 500 million fingerlings. The production however could not cope up with the demand and still the

big problem of the industry that is availability of seeds/fingerlings. As long as the demand for

fingerlings exist, a well manage hatchery is a lucrative business. (BFAR-NFFTC, 2021)

The name “Bayugan” is a Manobo term for pathway, since then the natives called the place,

Bayugan. Another version states that “bayug” trees grew abundantly in this place. Bayugan was

formerly a sitio of Barangay Maygatasan, Esperanza. Several versions abound on how the sitio got its

name. First, the place was located along the river which served as the pathway of the natives in

going to Esperanza. In June 21, 2007, Bayugan was declared as the only city in the Province of

Agusan del Sur. Bayugan also is a rice granary of Agusan del Sur. (THINKSTEMBLOG, 2016)

The researcher gathers information of the total number of population and the total number of

household in Bayugan City, Province of Agusan del Sur and Caraga Region.

The number of Population in Bayugan City is 116,743 and is the total number of Household is

26,259. Then the total number of Population in Agusan Del Sur is 739,367, and the total number of

Household is 153,656, while the total number of Population in Caraga Region is 2,804,788, and its

total number of Household is 574,340. (PSA , 2020)

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 The researcher conducts a survey to know more about the people living in Bayugan City and

the viability of putting up a TILAPIA FARMING BUSINESS in the said place. By doing this, it can help

the researcher to accomplish the plan. The researcher planned to establish a business at Poblacion

Magkuno St. Bayugan City, Agusan del sur. Since Bayugan City is a progressive place, the researcher

found out that establishing a tilapia Farming/ tilapia Breeder business is good because of the

continuously growth of population it is possible to build this kind of business.

To establish tilapia Farming Business in Green Village Barangay Poblacion Bayugan City is

very good, aside from no competitors of the location of our business, with the purpose to explore the

potential of tilapia farming in order to increase food security and income in rural communities. The

research aims to identify the most suitable species of tilapia for farming, identify the most suitable

production systems and management practices, and analyze the potential impacts of tilapia farming

on the environment. The findings of this study can help inform policy makers, researchers and

development practitioners on how tilapia farming can be used as an effective and sustainable

development tool.

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 CHAPTER II

REVIEW OF RELATED LITERATURE

These chapter reviews of the local and international literature and studies related to this

project and focuses on the proponent that need to find some helpful resources or information about

the business study.

Local literature is about information of the company here in the Philippines which are related

to the business. International literature is about the study that has been done by the foreign people

with regards to the TILAPIA FARMING.

International Review

According to FMI’s analysis, tilapia sales have risen at more than 3.4% CAGR between 2017

and 2022.

Tilapia is native to the Middle East and Africa region and was first imported to India from

Thailand in 1952. Ever since the commercialization of the tilapia market has brought in numerous

developments for large-scale cultivation of high-grade tilapia. Numerous countries are issuing

guidelines for responsible farming of tilapia, to ensure minimal environmental impact from tilapia

farming. However, at present over 90 tilapia processing plants and 92 tilapia farms are Best

Aquaculture Practices (BAP) Certified. Of these, over 75% of farms are located in China. (FMI, 2022)

The GIFT strain of Nile tilapia (Oreochromis niloticus) was mostly farmed by small-scale

farmers operating less than one ha of ponds and with a lower assets index than their non-GIFT

counterparts. The GIFT strain had a faster growth rate (27% and 36% faster than that of non-GIFT

tilapia in monoculture and polyculture, respectively). Although GIFT and non-GIFT farmers applied

different stocking strategies with GIFT farmers growing much smaller fingerlings compared to non-

GIFT farmers (7.3 g for GIFT and 17.2 g for non-GIFT, and 9.1 g for GIFT and 20.3 g for non-GIFT in

monoculture and polyculture, respectively. Yields were statistically different between both strains in

monoculture and polyculture (8.1 tons/ha per cycle for GIFT and 6.2 tons/ha per cycle for non-GIFTin

monoculture, and 9.3 tons/ha per cycle for GIFT and 7.8 tons/ha per cycle for non-GIFT in

polyculture). In polyculture systems, overall polyculture yield was statistically different at the 10%

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level (12.7 and 10.2 tons/ha for GIFT and non-GIFT ponds). In terms of profitability performance,

GIFT tilapia is more profitable and cost-effective than non-GIFT. Findings from this study highlight the

importance of adopting culture of high-performance strains to close yield gaps and realize the

potential benefits of the GIFT strain. (Genetically Improved Farmed Tilapia, 15 April 2021).

Aquaculture growth is critical to meet the globally increasing demand for fish, which is driven

by rapid population growth, rising income and consumer preferences shifting towards healthier and

more nutritious foods. However, aquaculture production of most of the 600 aquatic species farmed

currently is still based largely on unimproved species, which are genetically similar to wild

counterparts, with low production efficiency (Ponzoni et al., 2007; FAO, 2019).

The use of genetically improved farmed fish strains can play an important role in meeting

the growing demand for fish by increasing production gains (Acosta and Gupta, 2010; Olesen et al.,

2015; Gjedrem and Rye, 2018), improving disease resistance (Houston, 2017; Barría et al., 2020;

Kjetså et al., 2020) and enhancing socio-economic and welfare performance of the related

aquaculture systems (Dey, 2000; Asian Development Bank, 2005).

In 2018, there were more than 5.5 million metric tons of farmed tilapia produced globally,

with Nile tilapia (Oreochromis niloticus) ranking third in terms of total global fish production (FAO,

2018).

In Zambia, fish and fish products account for a large proportion of animal protein intake for

majority of people and fish demand will continue to grow driven by population growth, rising incomes

and high preference for fish. The deficit between domestic fish production and national fish

requirement, is offset through importation of about 70,000 metric tonnes (MT) of fish annually.

Zambia’s annual total fish production of about 110,000 MT, consisted of 85,000 MT of fish from

capture fisheries and 30,000 MT from aquaculture. In short, aquaculture contributes about 30% of

annual domestic fish production (MLF, 2017).

Aquaculture production is undertaken by small-scale farmers and large-scale fish farming

enterprises. Although small-scale fish farmers are the majority, their contribution to aquaculture

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production is about 30% annually, and the largest contribution comes from large- scale commercial

producers using mostly cage culture (FSMIU, 2017).

In Ghana, the private sector’s response to the problem of limited resources to finance

aquaculture investment has been to employ Pooled Investment Vehicles (PIVs). Several Tilapia

farming companies emerged and invited people to make investment placements that were channeled

into Tilapia production and the proceeds used to pay back the principal and interest of these

investments. Unfortunately, several of these companies hyped the profitability of Tilapia farms and

promised investors returns well above 80 percent per annum that were simply unsustainable (Kwami

Adanu, February 2017).

Cages are production units easily managed and with relatively low harvesting costs. The fish

can be treated as soon as any diseases of parasites are detected, and cages require a relatively lower

capital investment when compared to ponds. Some disadvantages include a higher risk of loss from

poaching; fishes become less tolerant to poor water quality, and are totally dependent on nutritionally

complete feeds. Tank culture of tilapia is a good alternative to pond and cage culture if sufficient

water or land is not available. Many of the advantages and disadvantages that apply to cage culture

also app+ly to tank culture. (Alceste C. et. Al 2017).

Aquaculture production has expanded consistently over the past few years and is the sector

of food production that is increasing at the highest rate. It has become an essential component of

national development and poverty reduction initiatives in many parts of the world (Prabu & Santhiya,

2016). One of the areas of the world's livestock industry with the most potential for expansion is

aquaculture (FAO, 2010). Approximately 40 percent of all fish grown in captivity are tilapia, making it

the most crucial source of this type of fish (Scorvo-Filho et al., 2010).

Tilapia is the common term given to numerous species of cichlid fish that can be found in

brackish water and freshwater streams, ponds, rivers, and lakes. Tilapia is also found in saltwater

environments. Despite being labeled as invasive, tilapias are becoming an increasingly important part

of the aquaculture industry. Because of its appropriateness for aquaculture, marketability, and

consistent market pricing, tilapia is the second most farmed fish in the world. Over the past decade,

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tilapia output has increased by a factor of four, making it the second most farmed fish overall (Wang

et al., 2016).

Today, tilapia has emerged as the bright star of aquaculture. It is also often known as

"aquatic chicken," and this fish's consumption rate has expanded worldwide (Fitzsimmons, 2005). The

amount of farmed tilapia that is produced on a global scale each year has been steadily climbing over

the past few years (Ahsan et al., 2013). Unlike most other species of finfish, Tilapias are very hardy

fish that do well in many different environments and ways of being raised. They can do well in low-

density pond systems, cage culture systems, raceway systems, and super-intensive culture systems.

Because of its low protein requirements, ease of breeding and cultivation, and capacity to digest plant

protein, it quickly became a species of interest among those with little resources, particularly in rural

areas.

Tilapia is also well-liked and highly valued in a significant number of Asian nations, such as

the Philippines and Indonesia, where the native people have incorporated it into an essential

component of their country's culinary traditions and have recognized it as a native species of their

homeland (Costa-Pierce & Rakocy, 1997). This fish was given the moniker "Aquatic Chicken" by the

International Development Agencies in the 1970s, and it was later dubbed the "fish of the 1990s" by

those same agencies. Both names date back to the 1970s. People are calling it the "food fish of the

21st century" right now (Costa-Pierce & Rakocy, 2000; Ramnarine,2005).

Tilapia is the common name for nearly 100 species of cichlid fishes. Tilapias inhabit a variety

of fresh and, less commonly, brackish water habitats from shallow streams and ponds through to

rivers, lakes, and estuaries. Most tilapias are omnivorous with a preference for soft aquatic vegetation

and detritus (Baker and Jenny, 1988). For a long time, they were all united in the genus Tilapia, but

nowadays, genera Oreochromis and Sarotherodon are considered distinct. 

In Asia, tilapia farming is very profitable. The productivity, costs of production and

profitability of tilapia farms vary considerably among countries and production environments. Tilapia

fanning is becoming increasingly commercial with a large proportion of production marketed. Tilapia

is consumed mainly by poor consumers because of its relatively low price compared to other fish

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species (Madan, Gaspar, Lou Yong, Prescilla Regaspi, A, H.M Kohinoor, Nuanmane and Ferdenand J.)

Current status of production and consumption of tilapia in selected Asian countries.

Tilapia is the most popular aquaculture species farmed in over 120 countries or territories

worldwide. Global tilapia aquaculture production grew 11 percent annually (or 13 percent in terms of

farmgate value) over the past three decades, from 0.3 million tonnes (USD 304 million) in 1987 to 5.9

million tonnes (USD 11 billion) in 2017. Aquaculture production in Brazil increased 14 percent

annually (or 12 percent in terms of farmgate value), from 13 000 tonnes (USD 56 million) in 1987 to

595 000 tonnes (USD 1.5 billion) in 2017, making it a regional aquaculture powerhouse contributing

to 20 percent of Latin America and the Caribbean’s aquaculture production in 2017 (Barroso, R.M.,

Muñoz, A.E.P. and Cai, J. 2019) Social and economic performance of tilapia farming in Brazil.

Tilapia is the second most prolific species grown in aquaculture after carp, and the most

widely grown fish on earth. Tilapia is farmed in 5 countries with the largest producers being Asian

countries such as China and Indonesia. Consumer markets have expanded greatly throughout the

2000’s due to improved breeding strategies, hybridization and sex reversal. According to the National

Fisheries Institute tilapia is on the top ten lists of the most consumed fish in the United States.  

Chances are if you’ve eaten fish at a restaurant you’ve eaten tilapia (Tilapia 2019, June 24).

(Aquaculture, Fisheries, and Pond Management).

Tilapia is the third most important group of farmed fish on the planet after carps and

catfishes. Geographically speaking it is the most widely grown of any farmed fish, with aquaculture

production in at least 85 countries. Although there are a number of producers in the U.S., most

consumption is based on imports coming from Asia and Latin America. Global supplies of farmed

tilapia surged in the 1990s and early 2000s, largely due to widespread introduction of improved

varieties, establishment of new feed mills in developing countries, effective management of

reproduction through sex reversal, and expansion of consumer markets in virtually every part of the

world. Production volumes are continuously increasing globally, although much of the current growth

is destined for domestic consumption in developing nations. (C. Greg Lutz, Louisiana State University

Agricultural Center March 2022).

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 Tilapia is a species native to Africa, specifically to the east-flowing rivers of  Central and South

Africa. They were introduced around the world as a way to boost food security through aquaculture in

many developing countries. The first consignments of this species were imported into India way back

in 1952, interestingly not from Africa, but from Thailand and Sri Lanka via the Central Marine

Fisheries Research Institute (CMFRI) in Mandapam and the Madras Fisheries Department respectively

(Panikkar and Tampi, 1954). This suggests that the Mozambique Tilapia had already begun

establishing itself around the world. A little over two decades later (in the late 1970s), another

species, the Nile Tilapia (Oreochromis niloticus) was brought into the country. (Aaron Savio Lobo on

15 October 2020).

Local Review

According to Tilapia Technical Committee (2017), state that tilapia is one of the most

commercially important commodities in fisheries and aquaculture. Although tilapia is relatively easy to

propagate and culture, the Philippine tilapia industry needs the necessary boost in the quality and

quantity of production outputs. Years of local tilapia R&D works have generated several innovative

field-tested breeding and farming methods, which when adopted on-farm, may help the tilapia

industry attain its goals.

According to Valcobero, J. (12 April 2022) that, Tilapia (Oreochromis niloticus) is a species

growing in freshwater across the Philippines, that contains niacin, vitamin B12, phosphorus, selenium,

and potassium and is, therefore, a staple commodity at the dinner table among Filipino families. From

a mere backyard hobby, complemented by the green atmosphere on the lowland valley across the

roaring Palilan River, tilapia culture has gradually become an economically viable aquaculture activity

in the area.

Considering its benefits, tilapia farming has spread out among farmers converting non-

productive rice and swampy areas into usable ponds. The hardy fish is easy to grow, after five to six

months of culture; the grower can either sell it in the market or apportion it for family consumption

for a more self-reliant and healthier lifestyle.

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 According to Mr. Infiesto, the group vice-chairman, state that tilapia requires ample attention

to details and processes of raising such as clean water, oxygen, food, light, and room to swim, stay

healthy and grow fast. When they received the project in 2020, they immediately cultured the

fingerlings in each pond area. A total of sixty thousand fingerlings were stocked in March. By

maintaining favorable environmental conditions and proper feeding, the fish are ready for harvesting

after five to six months. “Makaingon ko nga na-improve ang panginabuhi sa miyembro kay gawas nga

maka-income me, makasud-an pa gyud among matag pamilya ug presko nga tilapia. So, ang among

budget para sa sud-an, amo ng matigom,” shared Mr. Infiesto.”I can say that each members’ life has

improved, not just due to the additional income but also each of our families has enjoyed eating fresh

tilapia”.

The culture of tilapia in the Philippines has spread across the country. Tilapia production is

increasing as reflected in the volume of tilapia unloaded in major fish landings in the country. In

Metro Manila, where a large percentage of the country's population is concentrated, tilapia

consumption has gained wide acceptance among consumers. The introduction of a new and better

tilapia species which is meaty and bigger in size than the first species introduced in the country has

ushered in the acceptance of tilapia even among sophisticated consumers in urban areas.(Reneses Jr,

Benjamin S. 1987)

Future prospects in marketing are considered briefly; it is believed that the future success of

the industry in the Philippines and the degree of participation by small-scale producers depend to a

great extent upon the initiation of measures to improve both the efficiency of culture methods and

the performance of cultured stocks (Smith, I.R. & Pullin, R.S.V. 1984).

Fish are aquatic resources. Those obtained from salt water are called marine Fish; those

from lakes, ponds, river and other inland bodies of water are called inland Fish. Most fish are caught

in the open seas and their availability is not dependent on Man’s production efforts. However, man

has learned to culture some marine fish. Live fish has the advantage of being exempted from

deteriorative changes during Handling and marketing, for there is no need of putting them in cold

storage to keep them alive (de Leon et. Al.,2017). Marcos (2017) cited that many seafood specialty

Restaurants maintain aquariums from where consumers can choose the fish they want to cook.

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 Tilapia can be used as an alternative to other meat products in both quantity and quality.

Tilapia offers important nutritional properties, as it is a source of essential fatty Acids like Omega 3,

and higher quality protein than chicken, beef or pork (Godoy, 2014). Because of the abundance of

Nile tilapia, it can be developed into various recipes as ingredient in selected pastries such as

lumpiang tilapia, fishball tilapia, Kropek tilapia and siomai tilapia.

One of the major sources of livelihood in the country is fishing and most of the fishers are

involved in capture fishing while others are involved in aquaculture, vending, gleaning, and

processing. In 2018, the contribution of the fisheries sector to the gross domestic product of the

country was 1.2 % and 1.3 % at current and constant prices, respectively. Out of the estimated

population of one hundred five million people, about eighty two million are fish eaters and each one

consumes about 38.2 kg of fish per year (BFAR, 2018).  

According to Ms. Valcobero J. (2022) that, in cultivating tilapia in earthen ponds is the most

widely used system in Bukidnon for growing the fish to marketable size (350-500 grams; 3-7

fish/kg).Their farm sites have a structure to control water flow in and out. Ponds are constructed on

land with a gentle slope, with a loamy soil type that can hold onto large amounts of water, adequate

water supply, proximity to markets and roads, and availability of fingerlings. Further, the community

should be safe and any fish farming activity is acceptable.

According to Mr. Hernando Panis, chairman of Valencia City SAAD Fisherfolks Association

(VCSFA) state that to provide an ideal environment for their fish, after each cycle, the group first sun-

dried the bottom of their ponds to get rid of unwanted organisms and stabilize the soil. The water

potential hydrogen (acidity level) is maintained at 6.5-8.5 pH. Outside of this range, the fish can

stress out and weaken their immune system. Before they release the fingerlings, they make sure that

the stocking density is correct for the pond. Overpopulation will promote a higher chance that the fish

will compete for food and living space, which can hinder their growth. Each beneficiary’s particular

pond area at 300 to 500 square meters provided them Php 1,000 to 50,000 gross income per

cropping which helped in their daily expenses.

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 In 2021, the average domestic retail price of tilapia in the Philippines was around 148.48

Philippine pesos per kilogram. The retail price of this type of fish has increased overall in the past

years. (Statista Research Department, 2022)

Tilapia prefer smaller pellets and dislike hard pellets. As a rule of thumb, small fish should be

provided with small feed particles while large fish should be provided with large feed particles.

Feeding rates are affected by water temperature. (BFAR-NFFTC, 2021)

According to PCAARD’s Industry Strategic Science and Technology Plans (2020) that, tilapia is

the second most important cultured species in the country accounting for 281,111 MT total

productions in 2021. Philippines’ total production was 263,871 MT in 2020, which makes up 20% of

the Philippines’ aquaculture production, with Central Luzon as the leading region with tilapia

production of 136,218 MT.

SCOPE AND LIMITATION OF THE STUDY

The scope of the study was confined mainly in the Bayugan City. The study focuses its

attention on that being encountered of a Tilapia Farming Business and to study also the

responsibilities of the owner. The place of the study covered the barangay Poblacion in Bayugan city.

People whom can benefit the Establishment of tilapia Farming are employed people, professionals,

businessman, and most especially to who may rendered the people of Bayugan City.

SIGNIFICANCE OF THE STUDY

The significance of this study Tilapia Farming is to show whether this establishment is in

demand here in Bayugan City, if it will be feasible in five aspects. Nowadays it also serves as a guide

if the people living here in Bayugan City will patronize the product or if they have the knowledge

about Tilapia Farming.

To the suppliers - the researchers expected the suppliers to be able to expand their tilapia farmed

products and enter new markets.

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To the customer - the researchers believed that consumers would benefit because the study was

designed for them and the product was reasonably priced. They will gain from purchasing the product

and will notice that it can be used for an extended period of time.

To the potential customer - The potential customers of farmed tilapia will benefit from the study

by being exposed to an alternative source of fish products that is more sustainable and healthy. The

study also highlights the affordability of farmed tilapia, making it more accessible to a larger

population. Finally, customers can be assured that farmed tilapia is equally nutritious and of equal

quality as other commercial fish products.

To the community - The community will benefit from the study because it will provide them with a

new source of income. The increased availability and affordability of farmed tilapia will also mean that

more people will be able to access quality and nutritious food, improving overall health and nutrition.

Finally, the study will help to reduce poverty and create job opportunities in the community.

Proponents of the study - The proponents of the study believe that the increased availability and

affordability of farmed tilapia will improve nutrition and overall health among the consumers. They

also believe that farmed tilapia can be a viable alternative to commercial fish products, offering equal

quality and nutrient density while being more sustainable and less ecologically damaging. Finally, they

believe that farmed tilapia can provide a source of income to local communities, helping to reduce

poverty and create job opportunities.

Future researchers - By participating in the study, future researchers have gained new skills and

knowledge that they can apply in their profession. This paper can enlighten their thinking about the

reality of life, especially as we walk to where the business world is.

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 CHAPTER III

This study is presented to demonstrate the five aspects of GDCK Tilapia Farming, which are

Management, Marketing, Technical, Financial, and Socio-Economic.

Management Aspects

The management aspect of the business includes the Form of Ownership , Organizational

Structure , Owners Profile , Job Description , SWOT Analysis.

Form of Ownership

The type of business ownership will be a partnership; in which partners pool money, skills,

and other resources, and share profit and loss in accordance with the terms of the partnership

agreement. In the absence of such agreement, a partnership is assumed to exit where the

participants in an enterprise agree to share the associated risks and rewards proportionately.

Complementary skills and additional contacts of each pattern can lead to the achievement of greater

financial results together than would be possible apart. Mutual support and motivation are needed for

the business to last longer.

1.1. Owners Profile and Equity Contribution

Name Age Birthdate Address Contact Contribution

Gerad Kenneth T. 22 04/18/2000 P-4 Tagalatawan 0950-392- ₱ 40,000.00
Benoya Bayugan City 5400
Dennis C. Arienza 24 07/16/1998 P-12 Poblacion 0951-797- ₱ 40,000.00
Bayugan City 7427
Carmina A. 22 07/16/2000 P-1 Wawa 0963-974- ₱ 40,000.00
Tabañag Bayugan City 1391
Kenneth Vergel 26 10/06/1996 P-4 Taglatawan 0951-680- ₱ 40,000.00
B. Juanite Bayugan City 9173
Total ₱ 160,000.00
This table shows the owners profile and its contributions.

13
1.2. Organizational Structure
Manager

Cashier

Sales
Representative Utility
The organization structure shows the task allocation and the allocation of
responsibility. Each of the staff as the structure shows are connected to the manager,
meaning the manager has the superior authority to manage the people at the work
place. While the sales lady, utility is directed to the cashier.

1.3. Job Description

Position Description Salary

Manages the work of the others in order to run a business

efficiently and make a large profit, include recruiting,

₱ 12, 000 Monthly
Manager implementing policies, marketing responsibility and

monitoring the performance of the employee.

Cashiers have many vital duties in retail-based

establishments. They are responsible for processing and
receiving payments and issuing receipts to customers as
Cashier they leave with their purchases. Cashiers also handle ₱ 9,000 Monthly
additional items necessary, providing an excellent customer
service experience.
Ensuring high levels of customer satisfaction

Sales through excellent sales service and Maintaining outstanding ₱ 8,000 Monthly

Representative store condition and visual merchandising standards

Is responsible for cleaning and orderliness of the

Utility establishment to make it more convenient and also the one ₱ 7,000 Monthly

who feed the Tilapia and other Tilapia Farming activities.

The table above shows the function and duties of the employees

14
 Marketing Aspects

Marketing Aspect of this business study are mainly includes the 4P’s of product which are

Product , Pricing , Place , Promotion , and the 3 P’s of service which are People , Process , Physical

Evidence , with the marketing strategy focuses on 3 strategies which are:

Utilize Social Media:

Social media is a powerful tool for farmers to connect with their customers, create brand

awareness and promote their products. Use popular platforms such as Twitter, Instagram and

Facebook to share information about your tilapia farming business and engage with your audience.

Partner with Local Restaurants and Grocery Stores:

Building relationships with local restaurants and grocery stores can help you increase your

reach and drive more sales. You can also consider partnering with local events and festivals to

increase your visibility and market your tilapia farming business.

Leverage Online Advertising:

Online advertising can be a great way to reach a larger audience and increase sales. You can

use popular platforms such as Google Ads and Facebook Ads to target potential customers and

2.1. Product/Services

2.1.1. Description of Product

 Tilapia Fish

 Tilapia is an in land cultured fish with

a weight ranging from 200g to 500g

each.

15
  Tilapia Fingerlings Combo/Package

 A Combo composed of 50 pcs week

old Tilapia and 50 pcs two weeks old

Tilapia fingerlings.

 Tilapia Breeder Combo/Package

 A combo composed of 2 pcs (4-6

months old male) and 6 pcs (4-6

months old female.

2.1.2Target Market

GDCK Tilapia Farming's target market is the Bayugan City market, which includes both
families and individual consumers. It also sells its products to local Tilapia breeders and Tilapia
farmers.

2.1.3. Demand and Supply Analysis

Demand analysis will serve as the basis of GDCK Tilapia Farming if it can serve the Demand
of the community in the market. The urban and rural barangay in City of Bayugan is the basis of
determining the feasibility of the demand of the services of the establishment of GDCK Tilapia
Farming.

The urban barangays in Bayugan City are the following:

Barangay Area(Ha.) No. of Fisher Folks Stockings (Pcs.) Prod'n (MT)

Berseba 0.26 6 7,800 1.95
Bucac 0.30 3 9,000 2.25
Cagbas 0.08 2 2,400 0.60
Calaitan 0.35 4 10,000 2.50
Canayugan 0.10 1 3,000 0.75
Charito 0.20 2 6,000 1.50
Claro Cortez 0.12 1 3,600 0.90
Fili 0.16 1 4,800 1.20
Gamao 0.35 3 10,500 2.63
Getsemane 0.10 1 3,000 0.75
Grace Estate 0.45 4 13,500 3.38
Hamogaway 0.10 1 9,000 2.25
Katipunan 0.35 2 10,500 2.63

16
 Mabuhay 0.15 1 4,500 1.13
Magkiangkang 0.35 7 10,500 2.63
Mahayag 0.06 1 1,800 0.45
Marcelina 0.45 3 13,500 3.38
Montevista 0.10 1 3,000 0.75
Mt.Ararat 0.45 6 13,500 3.38
Mt.Carmel 0.30 8 9,000 2.25
Mt.Olive 0.25 4 7,500 1.88
Noli 1.00 7 30,000 7.50
Osmeña 0.12 2 3,600 0.90
Panaytay 0.12 2 3,600 0.90
Pinagalaan 0.50 5 15,000 3.75
Sagmone 0.20 1 6,000 1.50
Saguma 0.45 3 13,500 3.38
Salvacion 0.25 2 7,500 1.88
San Isidro 0.70 6 21,000 5.25
San Juan 0.35 6 10,500 2.63
Santa Irene 0.30 3 9,000 2.25
Santo Niño 0.15 2 4,500 1.13
Taglibas 0.12 1 3,600 0.90
Tagubay 0.20 2 6,000 1.50
Vilia Undayon 0.52 7 15,600 3.90
Wawa 0.30 3 9,000 2.25
Total 10.31 114 314,800 78.70
Department of Agriculture (DA)

Supply Analysis 78.70 Metric tons

Demand Analysis (High Demand) 314,800 ( High Demand )

The table shows that there are many tilapia suppliers in Bayugan City, but the majority of them prefer to
supply other cities or towns because tilapia prices are higher in other markets.

Particular Year 1 Year 2 Total

Demand 60,000 pcs 84,000 pcs 144,000 pcs

Supply 30,000 pcs 42,000 pcs 72,000 pcs

Annual Rate 40% 40% 40%

The table shows the 40% annual rate of demand and supply

2.1.4. Market Share

17
 Year Market Share
st
1 Year 470,400.00
nd
2 Year 658,560.00
This table shows the project aims to get 40% shares of the market.

2.2. Price

Particular Description Price

Fry A week old Tilapia 0.50

A combo composed of 50 pcs 1

Fingerling Combo week old fry , and 50 pcs 2 70.00
weeks old fry

A combo composed of 2 (4
Breeder Combo months old) Tilapia , and 6 (4 200
months old) Tilapia

Tilapia/Kilo 3 months old Tilapia 150.00

Estimated Sales
Date Particular Custome Qty Price Total Yearly Total
r
Quarterly Fry 20 5,000 0.50 50,000.00 200,000.00
Quarterly Fingerlings 20 50 70.00 70,000.00 280,000.00
Combo
Half Year Breeders 12 20 200.00 48,000.00 96,000.00
Combo
Quarterly Tilapia/Kilo 20 50kl 150.00 150,000.00 600,000.00
Total 1,176,000.00

18
2.3. Place

2.3.1. Vicinity Map

The picture shows the vicinity map of the store that is 397m away from the main highway.

2.3.2. Floor Plan and Design

Stock Room

Pond Pond Pond Packing

Area Manager

Cashier

Display Area

2.4. Promotion

Tilapia has become one of the most popular types of fish for consumers, but there is a lot of
confusion about how safe it is to eat. The truth is, when it is raised and harvested responsibly, tilapia
is a safe, healthy and sustainable choice. Many of the safety concerns about tilapia stem from the fact
that it is often raised in large-scale fish farms. Large-scale fish farms can easily become overcrowded
and polluted. To ensure that tilapia is safe to consume, we must ensure that it is raised in a way that
minimizes the risk of contamination. One way to do this is to look for tilapia that is certified by the
Aquaculture Stewardship Council (ASC). This certification means that the fish was raised in a way that
is safe, sustainable and responsible. Tilapia with this certification will have been raised in well-
managed farms that take steps to reduce the risk of pollution and contamination.

19
 In order for my business to be known publicly, I used different promotion and advertisements
through:

Flier – This is to inform the community about the services of GDCK Tilapia Farming offered.

Radio Advertising – Communication that delivered over mass network. It will air 2 times daily by
88.5 FM.

Tarpaulin – a piece of materials as durable as plastic, where the name, services and promotions of
the establishment are printed. It should be printed with a picture that would illustrate and represent
the quality service by the business.

2.5. People

Supplier Purchase Location

Ziram Garden Breeder Claro Cortes BADS
Balantucas Tilapia Breeder Amongon BADS

This table shows the supplier of GDCK Tilapia Farming.

2.6. Process.

Hatchery Pond Preparation

1. Pond drainage – drain the pond completely to collect all the fishes and eliminate predators and
other unwanted species.

2. Leveling of pond bottom – just after the pond draining, levelling of the pond folows. Pond bottom
should be leveled to slope toward the drainage structure to ensure complete drainage.

3. Application of insecticides – if predators are present, apply insecticides immediately after pond
leveling or draining.

4. Pond drying – (pond drying crack) is essential especially when mud deposit in bottom is already
thick. This will enable toxic gases/substances to escape from the pond.

5. Basal application of fertilizer –organic fertilizer should be applied at the rate of 2,000 kg/ha.
Inorganic fertilizer (16-20-0) should be applied at the rate of 100 kg/ha during or immediately after
pond filling.

Fertilization and Feeding

Fertilizers stimulate the plankton growth which is the natural food of the fish. Fertilization may be

appropriate if measurement indicates low levels of nitrates and phosphates, water is transparent and

water is turbid with suspended soil particles. However, fertilization may not be recommended in soils

containing high levels of nutrients sufficient to support plankton bloom. At NFFTC, organic fertilizer is

applied basal at 2,000 kg per hectare and monthly application of 3,000 kg per hectare. Feeding of the

20
breeders is highly recommended in hapa and tank method of hatchery production and important in

open pond method if fertilization is not being followed. Breeders are being fed at the rate of 3-5 % of

the body weight with commercial or formulated feeds with high protein content.

Conditioning of Breeders

After the breeding cycle (parallel with pond preparation) breeders should be conditioned to restore
vigor and energy depleted during the breeding process. Male and female breeders should be

separated and fed with high protein diet at 10-20% of body weight 1-2 weeks.

Routine Management Activities

Aside from the fertilization, feeding, water quality maintenance and other routinary activities should
be undertaken for a sound hatchery management;

1. Farm records (inputs and outputs). Record keeping is important for a good management. It
enables the manager to know the detailed record of his input.
2. Maintenance of daily log book. Logbook for daily observations should be maintained, such as
the number of mortalities, draining, stocking dates and other observable records for
reference. Status of stocks are monitored through quarterly inventory and recorded
accordingly.
3. Carry out routinary activities.

As part of good management the following activities are observed and recorded daily for both pond
and tanks.

1. Checking water level (at least 40 cm)

2. Activities of fish (fish gasping at the water surface for oxygen)
3. Checking of water supply (inlet and outlet structure)
4. General color of the pond water
5. Growth of aquatic weeds, usual erosion, damaged water lines
6. Mortalities of stocks
2.7. Physical Evidence

21
This figure shows the ponds of GDCK
Tilapia Farming with a cost of 10,000.00 per
pond which has a total of 30,000.

Technical Aspects

This aspect includes the machines and equipment and legal documents.

3.1. Machine and Equipment

Picture Particular Description Qty Price Total

a container, typically plastic or
Garbage Can metal, for household refuse. 4 119.00 476.00

Broom a long-handled brush of 2 50.00 100.00

bristles or twigs, used for
sweeping.
Is a small flat container made
Dust pan of metal or plastic. You hold it 2 48.00 96.00
flat on the floor and
put dirt and dust into it using a
brush.
Pail a usually cylindrical container 2 99.00 198.00
with a handle
Dipper something (such as a long- 2 25.00 50.00
handled cup) used for dipping

Aquarium gives you flexibility when 4 170.00 680.00.

Battery powering
Operated Air your aquarium, meaning you'r
Pump e not restricted by plugs
Fishing A net used 4 150.00 600.00
landing Net for fishing. Nets are devices
made from fibers woven in a
grid-like structure.
Medical The odorless gas that is 2 2,500.00 5,000.00
Oxygen Tank present in the air and
necessary to maintain life.

A plastic storage drum is one

Water Drum of the easiest and most cost- 4 850.00 3,400.00
effective ways to store
freshwater especially into fish
pond.
a piece of equipment that
Air presses air into a smaller 1 1,495.00 1,495.00
compressor space so that it can be used
under high pressure.

22
 Silicone hose is composed of silicone 10m 622.00 622.00
material instead of rubber or
PVC.
a type of plastic used for pipes 4 150.00 600.00
Pvc pipe that carry water and for many
blue other products.

The PVC elbow 90 is a female

Pvc elbow solvent weld joint that 10 25.00 250.00
connects two pipes of the
same size.
It is best used in sealing,
patching and filling of leaks,
Vulcaseal cracks, holes and gaps in 2 65.00 130.00
corrugated metal roofing,
gutters, downspouts and
plumbing pipes.

Immediate assistance given to

any person suffering from
First aid kit either a minor or 1 1,500.00 1,500.00
serious illness or injury, with
care provided to preserve life,
prevent the condition from
worsening, or to promote
recovery.
Is a battery-backed device that
Emergency comes automatically when a 2 1,500.00 3,000.00
Light building experience a power
outage.
Is an instrument to indicate,
Clock keep and coordinate time. 1 149.00 149.00

Is a machine used to create

Ceiling Fan flow within a fluid, typically a 2 199.00 398.00
gas such as air.
Known as water cooler (if
Water used for cooling only), is 1 270.00 270.00
Dispenser a machine that cools or heats
up and dispenses water with a
refrigeration unit.

TOTAL 19,014
The table above shows the total cost of Facilities and Equipment which is 19,014.00.

23
3.2. Supplies

Picture Particular Description Quantity Price Total

Cost

best or most remarkable

performances or achievements in
Record Book 2 99.00 198.00
a particular sport or activity

0 0Ballpoint also known as a biro or ball pen, 1 pack 52.00 52.00

pens is a pen that dispenses ink

Tilapia Food for the Tilapia 2 sacks 1,050.00 2,100.00

Feeds

Plastic Is a type of container made of

transparent thin, flexible, plastic film,
1 pack 361.00 361.00
bag for Fish nonwoven fabric, or plastic textile.

Rock Salt Use to kill the bacteria and also 1 sack 200.00 200.00
preservation.

Is used to soften rough or dry

skin caused by skin conditions
such as eczema, psoriasis,
Aqua Care keratosis, and others. This 4 85.00 340.00

medicine is also used to soften

damaged fingernails or toenails so
they can be removed without
surgery.

TOTAL 3,251.00

The table above shows the total cost of Supplies which is, 3,251.00.

24
3.3. Furniture and Fixtures

Picture Furn. & Fix. Description Quantity Price Total Cost

Wooden
furniture’s that
Table With 2 3,640.00 7,280.00
used for
Drawers
manager and
employer.

Furniture to be
used by
Plastic Chairs 1 Dozen 350.00 4,200.00
manager and
employer.

TOTAL 11,480.00

This table shows the Furniture and Fixtures which are 11,480.00.

3.4. Purchases

Purchases Description Quantity Price Total

Nile tilapia- is most preferred because 300 pcs. 50.00

it grows fast, is hardy, and well adapted

Tilapia (75male) (male)
for farming in warm tropical countries
Breeders
50.00 15,000.00
like the Philippines. Nile tilapia comprises
(225female) (female)
about 70-80% of the world's tilapia

production.

The table above shows the Total Cost of Purchases which is 10,000.00.

3.5. Pond

Particular Labor Cost per Day Number of Days Total

Labor 1 400.00 25 10,000.00

Labor 2 400.00 25 10,000.00

Labor 3 400.00 20 10,000.00

Total 30,000.00

The table above shows the Total Cost of Pond which is 30,000.00.

25
 3.6. LEGAL DOCUMENTS TO BE PROCESSED

The business, in order to start its operation, needs several permits such as a DTI permit and
Mayor’s permit. These permits are renewable annually.

Permits Amount

Annual Registration (BIR) 500.00

DTI 200.00

Mayor’s Permit 500.00

Business Clearance to Operate 30.00

Police Clearance 75.00

Cedula 20.00

Fire Clearance 50.00

Sanitary Permits 100.00

Environmental Compliance (DENR) 500.00

TOTAL P1,975.00

26
 Financial Aspect

Determined and managed the financial stability and consistency of the business during the operation
process.

4.1. Projected Financial Statements

4.1.1. Projected Cost

Building Rent 90,000.00

Facilities and Equipment 19,014.00

Pond 30,000.00

Furniture and Fixtures 11,480.00

Supplies 39,012.00

Purchases 60,000.00

Total 249,506.00

SCHEDULE 1

Building Rent
Particular Monthly Cost Month Total
Building Rent 7,500.00 12 90,000.00
Total 7,500.00 x 12 90,000.00

Facilities and Equipment

Particular Price Qty Cost Life Span Salvage Depreciation
Value
Aquarium Battery 170 4 680 2 Years 100 290
Operated Air Pump
Fishing landing Net 150 4 600 5 Years 100 100
Medical Oxygen 2,500 2 5,000 10 Years 3,000 200
Tank
Water Drum 850 4 3,400 5 Years 2,000 280
Air compressor 1,495 1 1,495 10 Years 750 74.5
Clock 149 1 149 5 Years 25 24.8
Ceiling Fan 199 2 398 2 Years 50 174
Water Dispenser 270 1 270 2 Years 50 110

27
 Total 1,253.3

Pond
Particular Cost
Pond 1 10,000.00
Pond 2 10,000.00
Pond 3 10,000.00
Total 30,000.00

Furniture and Fixture

Particular Price Qty Cost Life Span Salvage Depreciatio
Value n
Table with drawer 3,640 2 7,280 10 Years 3,000 450

Plastic Chair 350 12 4,200 5 Years 1,200 717.6

Total 1,167.6

Supplies
Particular Price Qty Total
Record Book 99 2 198
Ballpoint pens 52 1 pack 52
Tilapia Feeds 1,050 2 sacks 2,100
Plastic transparent bag 361 1 pack 361
for Fish
Rock Salt 200 1 sack 200
Aqua Care 85 4 340
Total 3,251x12 months = 39,012 3,251

Promotion Expense
Particular Cost Date
Radio Advertisement 1,500 4 months 6,000
Fliers 500 4 months 2,000
Tarpaulin 1,500 Yearly 1,500
Total 9,500

Communication Expense
Particular Cost Date Total
DITO Load 199 12 2,388

Light and Water Expenses

Particular Cost Date Total
Light 800 12 months 9,600
Water 500 12 months 6,000
Total 15,600

28
 SCHEDULE 2

Projected Sales
Date Particular Custome Qty Price Total Yearly Total
r
Quarterly Fry 20 5,000 0.50 50,000.00 200,000.00
Quarterly Fingerlings 20 50 70.00 70,000.00 280,000.00
Combo
Half Year Breeders 12 20 200.00 48,000.00 96,000.00
Combo
Quarterly Tilapia/Kilo 20 50kl 150.00 150,000.00 600,000.00
Total 1,176,000.00

SCHEDULE 3

Salaries and Wages

Job 15 Days Monthly Year Salary
Manager 6,000.00 12,000.00 144,000.00
Cashier 4,500.00 9,000.00 108,000.00
Sales Representative 4,000.00 8,000.00 96,000.00
Utility 3,500.00 7,000.00 84,000.00
Total 432,000

SCHEDULE 4

Purchases
Months Breeders Qty Purchases Price Total
January
February 300 50.00 15,000.00
March
April
May 300 50.00 15,000.00
June
July
August 300 50.00 15,000.00
September
October
November 300 50.00 15,000.00
December
Total 60,000.00

29
 GDCK TILAPIA FARMING
PROJECTED STATEMENT OF OPERATION
AS OF DECEMBER 31
2023 2024

Estimated Sale 1,176,000.00 1,646,400.00

Less : Purchases 60,000.00 84,000.00

Gross Profit 1,116,000.00 1,562,400.00

Less: Operating Expenses

Salaries and Wages 432,000.00 432,000.00

Facilities and Equipment 19,014.00 19,014.00

Supplies 39,012.00 54,616.80

Promotion Expense 9,500.00 9,500.00

Communication Expense 2,388.00 2,388.00

Lights and Water 15,600.00 15,600.00

Taxes and Licenses 1,975.00 1,975.00

Total Operating Expense 519,489.00 535,093.80

Income Before Tax 596,511.00 1,027,306.20

Less: Prov. Of Business Tax 141,802.20 359,326.55

(20%, 25%)

Net Income 454,708.80 667,979.65

30
 GDCK TILAPIA FARMING
PROJECTED STATEMENT OF FINANCIAL POSITION
AS OF DECEMBER 31
ASSETS 2023 2024

Current Assets:

Cash 614,708.80 827,979.65

Total Current Cash 614,708.80 827,979.65

Fixed Assets:

Building 90,000.00 90,000.00

Facilities & Equipment 19,014.00 19,014.00

Furniture & Fixture 11,480.00 11,480.00

Supplies 39,012.00 54,616.80

Purchases 30,000.00 84,000.00

Less: Depreciation 2,420.90 4841.80

Total Fixed Asset 191,926.90 254,269.00

Total Assets 806,635.70 1,082,248.65

LIABILITIES & CAPITAL

liabilities

Total liabilities

Owners’ Equity

Benoya’s Capital Beginning 40,000.00

Arienza’s Capital Beginning 40,000.00

Tabañag’s Capital Beginning 40,000.00

Juanite’s Capital Beginning 40,000.00

Total Owner’s Capital 160,000.00 806,635.70

Beginning

Add: Retained Income 646,635.70 275,612.95

31
Owner’s Equity End 806,635.70 1,082,248.65

GDCK TILAPIA FARMING

PROJECTED STATEMENT OF CASHFLOW
AS OF DECEMBER 31
2023 2024

Estimated Sales 1,176,000.00 1,646,400.00

Less: Purchases 60,000.00 84,000.00

Total Cash 1,116,000.00 1,562,400.00

Less: Cash Disbursement

Salaries and Wages 432,000.00 288,000.00

Supplies 39,012.00 62,419.20

Promotion Expense 9,500.00 9,500.00

Communication Expense 2,388.00 2,388.00

Lights and Water 15,600.00 15,600.00

Taxes and Licenses 1,975.00 1,975.00

Total Cash Disbursement 519,489.00 535,093.80

Business Tax 141,802.20 359,326.55

Net Cash Flow 454,708.80 667,979.65

Add: Beginning Cash 454,708.80

Net Cash Ending 454,708.80 1,122,688.45

32
4.2 Financial Ratio Analysis

4.2.1. Net Margin

2023 2024

Net Income 454,708.80 667,979.65

Net Sales 1,176,000.00 1,646,400.00

total 38.67% 40.57%

4.2.2. Return of Investment

ROI 2023 2024
Net Income 454,708.80 667,979.65

Investment Cost 249,506.00 249,506.00

Total 54.87% 37.35%

The table show the Total percent of ROI for the year 2023-2024

4.2.3. Return of Equity

ROE 2023 2024
Net Income 454,708.80 667,979.65

Shareholders’ Equity 160,000.00 160,000.00

Total 2.84% 4.17%
The table shows the Total percent of shareholders for the year 2023-2024.

4.2.4. PAYBACK PERIOD

= 160,000
454,708.80

= 0.35

.35 X 12 =4.20
Therefore, the business can recover its total investments within 4 months and 6 days for the year
2024.

33
 Socio-economic Aspect

5.1 Employment

The business GDCK Tilapia Farming helps the city especially to those unemployed and jobless people

for opportunity offers. Through employment it can help the status of the city to decrease jobless

people.

5.2 Social benefits

The establishment will offer good services and quality product and will give advantage and benefits

and advantage to the people in Bayugan City. And also it gives additional income for public purposes.

5.3 Government Revenue

The New establishment or business will give additional income to the government through paying tax.

The income they get will be used for the more improvement and benefits of the people in Bayugan

City.

34
 CHAPTER IV

SUMMARY OF FINDINGS
Marketing Aspect
The acceptability of the business herein Bayugan, which creates highly demand to the market
based on the promotion, advertisement strategies and fees.

Technical Aspect
The business was agreed to be situated at the said location and accessible to the target
market. It is also determines the facilities and equipment’s to be acquired in showing the location and
layout of the project for the securities at an emergency cases.

Financial Aspect
It deals with financial operation of the service and financial condition, the sources of fund in the
business is raised enough to finance the need of the establishment. Based on the financial statement,
the proposed business would be highly profitable and progressive.

Management Aspect
It shows the allocation of duties and implies clear and precise identification of responsibilities,
flow of authority and manpower level requirement, it must be set up for optimum effectiveness, and
the salaries depend upon the position and capability.

Socio-Economic Aspect
The establishment of GDCK Tilapia Farming helps the city especially to those unemployed people
for business opportunities and gives benefits to the government by paying taxes and improved the
city in terms of infrastructures.

CONCLUSION

The above discussion has evaluated through various basis and analysis for the feasibility of

the research. Therefore we conclude the five aspect of the study have the different part, act as big

rule of the research, for it creates the foundation of the business to achieve the main goals and

objectives of the business. Using these aspects the business is completely feasible, and it should be

that all aspects must be perform and given importance for the success in the field of the business.

35
GDCK Tilapia Farming and its production enterprise mandate direct contact with their clients because

their fundamental value-add is our capacity to assist them in running their businesses efficiently. As a

result, in establishing GDCK Tilapia Farming, maintaining direct communication with our customers is

vital. Paying special attention to what works and what needs to be changed is highly important.

Because of these needs, our best sales channel will be directly to the consumer.

RECOMMENDATION

This study suggested that the business of GDCK Tilapia Farming is highly demand, with the

strong income statement; this business is very much profitable. Based on the data gathered by

researcher, this business is feasible in all aspect of the study. The study is strongly recommended

that the proposed business must be immediately implemented for the benefits of the people of

Bayugan City.

36
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