Undergraduate Thesis
Bachelor of Science in Office Administration Major in Financial Management
University of Rizal System, Rodriguez Rizal
2024

House of Thrift and Trip is a unique business that aims to provide customers with a wide range of fashionable clothing options. It offers different varieties of upcycled clothes via an online platform and through delivery. The idea of creating the product started way back in 2023; when the founders noticed a growing demand for unique and eco-friendly fashion choices among their peers. They saw an opportunity to fill a gap in the market and make a positive impact on both the environment and the fashion industry. The business will operate in Montalban Town Center.

The primary goal of the House of Thrift and Trip is to create a product-based business that exceeds customers' expectations when it comes to a variety of fashionable thrift stores. The type of business ownership at House of Thrift and tip will be partnership between four(4) founders. The source of capital is each of the owners, who has an initial amount of one hundred twenty-five thousand for each of the members.

The establishment of House of Thrift and trip has four (4) employees.

manager cashier, and saleswoman/salesman The business will operate from Monday to Sunday. Its business hours are from 9:00 am to 6:00p.m. The salary varies based on the position of the employee and their monthly mandatory contributions to PhilHealth, Pag-IBIG, and the Social Security System (SSS)

The marketing strategy of the business is advertising, which can be used to promote the product among customers It also involves creating and implementing various tactics to promote a product or service to the target audience. The primary target market for the business is Gen Z. The 4Ps of the business include promotion, product, packaging, and pricing. The operating procedures and processes for the production of thrift clothes are design and pattern-making, sourcing and purchasing materials, fabric spreading and cutting, sewing and assembly quality control and inspection, pressing and finishing, packaging, and shipping. The supplier of raw materials is from overseas for the good quality and affordable product.

The financial analysis of the business contains financial statements and total income. They provide a comprehensive overview of the company's financial performance and position. Additionally, the total income represents the sum of all revenues generated by the business during a specific period, reflecting its overall profitability. These financial aspects of the business were connected as they all interpreted the financial situation of the business through numerical statistics. The total income of the House of Thrift and Trip ranges between five hundred thirty thousand and six hundred forty pesos.

The business plays an important role for society in providing a unique and affordable product. House of Thrift and Trip provides quality and satisfying products for customers who are interested in purchasing them. But like other businesses, House of Thrift and Trip would also experience problems and risks, particularly in the existing competition in the thrift clothing business because of the rise of the different physical stores and online businesses of the product given.