The research identifies several gaps based on the responses of small bakeshop owners.
First, there is limited information on how external support, such as government programs, community business groups, or financial assistance, impacts bakeshop success.
Although the study discusses financial stability, it doesn’t fully explore how these external factors influence business growth.
Bakeshop owners are encouraged to seek out such support to strengthen their businesses and ensure long-term success.
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The study also highlights the personal motivations of the owners but doesn’t delve deeply into the external challenges they face, such as market conditions or access to financial resources.
Bakeshop owners are advised to consider how these external factors can affect their ability to achieve their goals and plan for challenges like fluctuating market conditions or limited financial resources.
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Another gap identified is in the area of financial decision-making, particularly around managing investments in equipment, staff, or other resources.
The study did not fully address the financial risks involved in these decisions.
Bakeshop owners should focus on how to effectively manage costs and plan for investments while navigating the risks of competition and economic changes.
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The role of technology in improving cost management was not fully explored.
The study mostly discussed traditional methods, but bakeshop owners could benefit from integrating digital tools,
such as accounting software or inventory management systems,
to improve efficiency, reduce waste, and better control costs.
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Lastly, while customer feedback is recognized as important, the study doesn’t explore how bakeshop owners gather and use this feedback to improve their business operations.
Bakeshop owners are encouraged to use digital tools, like customer relationship management systems, to collect feedback and improve customer satisfaction, especially in terms of product quality and service.
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It is a program under the Republic Act No. 9178, which aims to support and promote small businesses in the Philippines.
____ provides micro-enterprises with special privileges to help them grow and succeed.
The _____ registration helps small businesses reduce operating costs and access government support, fostering growth and sustainability.
BMBE stands for Barangay Micro Business Enterprise.
_____ are both customer relationship management (CRM) software platforms that help businesses manage their sales, marketing, and customer service activities.
HubSpot and Zoho
Government Programs and Initiatives for Mentorship
Department of Trade and Industry (DTI) – Philippines:
DTI has mentorship programs such as Kapatid Mentor Me that help small businesses with various aspects of operations, from finance to marketing.
Small Business Administration (SBA) – USA: SBA provides access to resources, training, and mentoring through its 8(a) Business Development Program and SBA District Offices.
Philippine Business for Social Progress (PBSP) – Offers mentorship and funding opportunities for small businesses in the Philippines.
Women’s Business Centers (WBCs) – If the bakeshop owner is a woman, there are organizations like WBCs that provide mentorship and business training.
Small bakeshops can access government financial aid through various channels. Here are some common ways:
1. Local Government Units (LGUs): Many local governments offer financial assistance, grants, or low-interest loans to small businesses in their area. Bakeshop owners can inquire at their city's business permits and licensing office or the local economic development office for available programs.
2. Department of Trade and Industry (DTI): The DTI offers programs and financial support to small businesses, including loans, grants, and business training. They also run initiatives like the Pondo sa Pagbabago at Pag-asenso (P3), which provides micro-loans for small businesses.
3. Small Business Corporation (SBCorp): SBCorp, a government-owned corporation under the DTI, manages several loan programs aimed at helping micro, small, and medium enterprises (MSMEs) get affordable financing. Programs like Sulong sa Negosyo provide accessible loans to entrepreneurs.
4. Philippine Business Bank (PBB): The government-backed Philippine Business Bank offers various loan products for small businesses, including those with more favorable terms for MSMEs.
5. Government Financing Institutions (GFIs): Other government institutions like the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (LBP) also offer financial assistance through business loans, credit programs, and financing for MSMEs.
6. Social Security System (SSS) Loan Programs: For businesses with employees, the SSS offers programs that can help bakeshop owners get financial support for their business, including employee-related benefits and loans.
To help small-scale bakeshop owners in Cabuyao City overcome challenges and achieve sustainability, the following recommendations were proposed:
- Engage with Government and Community Support
Participating in government programs and community business networks is crucial,
because these provide resources like financial aid, training, and networking opportunities that small businesses often lack.
These initiatives can help owners navigate competitive markets and stabilize their operations.
Leverage Financial Resources
- Accessing financial support from microfinance institutions, grants, or low-interest loans is vital to help owners manage rising costs and unexpected financial challenges.
- Financial training ensures they make sound decisions, allowing their businesses to remain sustainable.
Adopt Technology for Cost Control
- Using tools like accounting software or inventory management systems is necessary to automate tasks, minimize human error, and improve efficiency.
- These systems provide real-time data, empowering owners to make better financial decisions and control expenses effectively.