FEASIBILITY OF ESTABLISHING A STUDY LOUNGE WITH INTERNET ACCESS AND COFFEE AREA IN INFANTE STREET, ILOILO CITY

A Feasibility Proposal Presented to the Faculty College of Accountancy and Business St. Paul University Iloilo

In Partial Fulfillment of the Requirements for the Degree Bachelor of Science in Accountancy

Donnalene Jane A. Atienza May 2011

CHAPTER 1 INTRODUCTION Studying is one the primary reason of schooling. The daily activities of students are basically allotted in every tasked assigned to them by their teachers and on some school-work related task. Every colleges and universities expect their students to excel in all aspects of learning. Out of these pressures students tends to maximize their time in order to meet the expectation sets for them and to meet the deadline of every projects before its due. Out of this present reality many students can be seen using their time studying in the coffee shops and fast food chain just to cope up with the demand of schooling. Students tend to look for a convenient place during the examinations period, the crowded and congested boarding houses and dormitories however, forces the students to look for other alternatives. For the last decades, study hall and libraries serves as students haven in order to cope up with academic demands. If a student's free time is converted to virtually pure work and study, then there is no room for creativity. A

student's efficiency would be greatly hindered if another class period would always be imposed believing that students will be forced to study, however it will only make the students mind tired. The advent of new technology, particularly computer and internet which brought about World Wide Web offered another innovation and approach to learning. Time had evolved where all information we need is at the tip of our finger. Our world has become has a virtual village, communication travel at a speed of light and everything became impossible. In every corner of the street internet caf grows up like mushrooms but all

of which did not offer exact place for academic enhancement but rather become an area where virtual games are dominated and people who are facebook fanatics are hooked leaving sometimes the essence and the substance why these technologies were designed and created. This feasibility study is designed to determine the viability of establishing a study lounge with internet access and coffee shop in order to offer a new approach in educational trends. Hopefully this would be the first in the city to offer a perfect gateway for students who wish to study in a cozy and relaxing environment of a study lounge.

Statement of the Problem: 1. What is the feasibility of establishing a study lounge with internet access and a coffee shop in Infante St., Iloilo City in terms of: a. Profitability b. Marketability c. Sustainability 2. What is the payback period? 3. What is the Return on Equity? 4. Is there a formable return on asset?

OBJECTIVES:

General Objectives:

To determine the feasibility of establishing a study lounge with internet access and coffee shop in Infante St., Iloilo City.

Specific Objectives: 1. To determine the average and frequency of time the students spend for studying and doing academic tasks in the study lounge. 2. To determine the preference of students concerning the use of the study lounge. 3. To determine the total capital expenditures of establishing a study lounge. 4. To determine the return of investment in engaging the business and achieve at least 10% of it at the end of the year. SCOPE AND DELIMITATION

This study will be conducted in the following institutions namely: University of the Philippines Visayas, Iloilo Doctors College, University of San Agustin, St. Paul University Iloilo and John B. Lacson-Molo for school year 2011-2012 . The students of the aforementioned institutions are approached because the researcher believes that they are the one who will primarily use the proposed project.It will also focus on the system of operation of a study lounge and all the materials and equipments needed for the operation, as well as the costs related concern. On this study, Study lounge is referred differently and limited compared to a library where students do their research and study work. The study lounge that this

study refers to the provide services , comfortable place, and few books or basic resources that the students usually use. .

DEFINITION OF TERMS

The following terms related to the study are defined: STUDY HALL or STUDY PERIOD (conceptual definition)- is a term for a place and/or time during the school day where students are assigned to study when they are not scheduled for an academic class. INTERNET ACCESS - refers to the means by which users connect to the Internet. (Wikipedia)

COFFEE HOUSE or COFFEE SHOP- is an establishment which primarily serves prepared coffee or other hot beverages. (wikipedia)

For the purpose the following are defined operationally:

STUDY LOUNGE an area outside the school sets primarily for educational purposes such as studying and research.

INTERNET ACCESS refers to the connectivity available in the study lounge

COFFEE HOUSE or COFFEE SHOP- the area in the study lounge which serves coffee and other hot beverages.

USERS

This study aims to provide help and services to the following users:

y y y y

Schools / Educational Institutions Businessmen Investors Creditors

BENEFICIARIES

This study aims to provide ideas and services to the following beneficiaries:

y y y y

Students Professors and Instructors Teachers Researchers

CHAPTER 2

REVIEW OF RELATED STUDIES AND RELATED LITERATURE

Study hall or study period is a term for a place and/or time during the school day where students are assigned to study when they are not scheduled for an academic class. They are most commonly found in high schools and some middle schools,

especially in the United States. In colleges, such a place may be called a student lounge.

Study halls generally have assigned rooms and are monitored by teachers or teacher's aides, who often encourage students to use this time to complete homework, catch up on missing assignments, or study for tests or quizzes. Sometimes, students also use study halls to converse, make phone calls, text message, play video games, or otherwise socialize or pursue non-academic topics, though this is sometimes discouraged or forbidden. Periods in which such things are allowed are occasionally differentiated from study halls by the name "free period". Some students even eat lunch during a study hall due to long lines and short lunch periods at their schools.

Study halls are often used by students to visit with teachers, who have a "prep period", in order to discuss work or assignments. A study hall can be a period to utilize school resources or otherwise request teacher assistance in any subject not understood by the student. Many academics[who?] feel that study hall is an inefficient allocation of time which is often underutilized, but others say it is a positive addition to a regular schedule because it creates a good environment for completing homework. -http://en.wikipedia.org

Courtyard Study Lounge - UC Irvine

The Courtyard Study Lounge is pretty much my go-to study place. It's quiet, with lots of seats and desks as well as 16 or so study rooms. Right across from it is a computer lab, so that is also really handy. The hours are long; they stay up until 11pm or so on weekdays, 9pm on weekends, and they are open 24/7 during finals week. The study rooms are also quite nice and people are usually quiet when they're inside -- the walls aren't soundproof, so please be courteous and considerate to everyone else! When reserving rooms, you can reserve a maximum of 3 hours, 2x a week under your ID card. I recommend calling in ahead of time, perhaps even right when CSL opens, during midterms and finals week because this place will get pretty packed. -Judith C. Irvine, CA

Study Lounge North Update

Posted by heidiwong on Sep 16, 2010 in Uncategorized For the month of September, Ed and his team of university students have launched a Study Lounge in Sydneys North. Students have been able to enjoy a relaxed and quiet study facility (getting work done FOR ONCE).This small community regularly meets up to study and hang out with one another during the stressful HSC year.

To alleviate anxiety, the Study Lounge provides students with FREE refreshments, snacks and a collection of textbooks.

-http://studylounge.org

24 - Hour Study Lounge

The library offers Villanova students a comfortable and safe place to study after the main library closes each day. The room is accessed by swiping a Wildcard through the card reader at the outside study lounge door. The study lounge has a handicapped accessible restroom and wireless connectivity. There are also two computer workstations available for access to electronic library resources and personal computing.

The coffee shop, Holy Grounds, will provide extended hours of coffee service Sunday through Wednesday nights.

Security measures include 24-hour camera surveillance and regular visits by Public Safety officers.

During breaks, holidays, and during the summer months, access to the study lounge will not be available.

-http://library.villanova.edu

CHAPTER 3 RESEARCH METHODOLOGY RESAERCH DESIGN This study uses Descriptive type of research design, which is the research design that generally finds out the question what is of the problem. This problem tries to find out if it is feasible to put up a study lounge near a university, specifically,

along Infante St., Iloilo City. Survey would significantly means the data gathering on present situation. Moreover, it is useful in providing values or information for this study; and focuses its attention on most important things to be reported.

RESEARCH TOOLS & INSTRUMENTS In this study, the following research tools and instruments are used by the researcher in conducting this study: y y y y y Surfing the Internet Questionnaires Direct Interview Journals References from other feasibility studies

RESPONDENTS The following are the respondents of this study:  Students of University of the Philippines Visayas, University of San Agustin, Iloilo Doctors College, St. Paul University Iloilo, John B. Lacson-Molo The number of respondents will be computed using the following method. y Slovins formula- This is for solving the sample size which is the widely used formula in most of the research and feasibility studies. This will be used to select the number of respondents.

10

DATA GATHERING PROCEDURE These are techniques in acquiring data that will have a greater impact to the readers in terms of reliability: y y y y Questionnaires Survey Interviewing Researching

STATISTICAL AND FINANCIAL TOOLS For the analysis and interpretation of the data gathered in this study, the following statistical and accounting tools are employed:

Payback Analysis. This is use be used to get the answer for the problem number 2. This is used to identify how long will it take (usually, in years) to pay back the project, and accrued costs: Total costs (initial + incremental) - Yearly return (or savings)

Payback period- is the length of time required for cash inflows to recoup the initial cost of a capital project. Internal Rate of Return (IRR) is a
11

discount rate that causes the NPV to equal zero.This financial tools is also used to answer problem number 2. This is to illustrates the points in time when projected cash flows are received or paid, making it a helpful tool for analyzing cash flow of a capital investment proposal. It can be obtained using the model:

Return on Investment Analysis- This toot is used to answer the problem number 3.This is used to see if they are actually making a profit as a company. One of these ways is by figuring out if the company is using its equity wisely.        

12