Fish ball can be seen in any part of the city and in provinces being sold in a small mobile cart by street vendors. This kind of business ventures require small capital but can generate good profit.
Estimated Costs (based on 2009 prices)
- Cost of Utensils (kitchen spoon, frying pan, strainer) – P296.00
- Equipment (kerosene stove, wooden-type food cart with wheels) – P3,900.00
- Raw materials/ingredients (fishballs, cooking oil, kerosene, sauce) – P28.40
- Packaging materials (hotdog paper tray, wooden stick) – P7.56
- Select new delivery of fish balls in the wet market
- Place the pack of fish ball in the freezer
- To sell fish balls, heal oil in a frying pan before putting the raw fish ball. Deep frying is required.
- The fish balls are cooked once they float to the surface.
- Skewer in barbecue sticks and soak in sauce.
Sweet and Sour Sauce Recipe Ingredients:
- 1/2 cup Water
- 3 tbsp Vinegar
- 1/4 tbsp Sugar
- 1 tbsp Cornstarch
- 1/2 tsp Salt
- 2 tbsp Oil
- 3 tbsp Catsup
- 1 pc Siling labuyo, chopped
- 1 tbsp Soy sauce
- 1 tbsp Brown sugar
- 1/2 tsp MSG
- 2 tsp Garlic powder
- 2 tsp Black pepper
- In 1/2 cup of water mixed all the ingredients mentioned above.
- Put it in a pan for heating.
- Cook until translucent texture is obtained
- Same procedures are to be followed in making sweet sauce.
Estimated Costing and Pricing
A. Product Costing (in Php)
a1. Direct Cost – 60.96
- Raw Material (1 kg fishballs) – 25.00
- Ingredients used for 1 kg – 28.40
- Packaging material – 7.56
a2. Indirect Cost – 18.60
- Labor Cost (P100 per day /12 kg) – 8.33
- Transportation Cost (P50 per day/12 kg) – 4.17
- Contingency Cost (10% of Direct cost) – 6.10
a3. Production Cost (per piece) – 0.44
- Total Direct Cost – 60.96
- Add: Total Indirect Cost – 18.60
- Total over the 180 pcs yield – 79.56/180pcs
B. Product Pricing (in Php)
- Production cost/pc – 0.44
- Add: 10% mark-up – .04
- Selling price/pc – 0.48
- Market price – 0.50
The higher the volume sold per day (more than 12 kg), the lower the production cost thus increasing the mark-up to more than 10%. The higher the markup the higher the profit margin. If price per piece is lower compared with the existing market price, increase mark-up to 10% or more.
- Business name registration (www.bnrs.dti.gov.ph)
- Mayor’s/Business Permit (check your local municipality/city)
- BIR TIN (www.bir.gov.ph)
- BFAD Certificate (www.bfad.gov.ph)
- GSIS Family Bank ( 706-0487 to 90 loc. 155)
- NLDC ( 914-7209 to 97, 631-2955/57)
- Opportunity Microfinance Bank ( 630-0141 loc. 222/229)
- People’s Credit and Finance Corp (www.pcfc.gov.ph)
- PMDF ( 641-2207, 642-3895)
- Small Business Corp. ( 751-1888)
- Other Financing Institutions (http://loans.mixph.com)
Technical Assistance (Training and Seminar)
- DTI-CITC ( 942-3974, 948-2875, 941-4516)
- DOST-STII ( 837-2191 to 95, www.stii.dost.gov.ph)
- PCCARD (firstname.lastname@example.org)
- Other training centers
source: dti.gov.ph, photo from taorinpoako.blogspot.com