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Sample Transaction 1: Mr. Juan Dela Cruz is planning to open a barber shop in the middle of his neighborhood since there is only two existing barber shop in their area. The existing barber shops are located in both ends of the barangay. His target market are males. The current population of their area is composed of 17,000 of which 8,600 are males. Fifteen percent from the males are the target market of the barber shop with ages 5 - 50 years old. The target market is expected to have their hair cut once a month. Mr. Dela Cruz is planning to get 50% of the market share by promoting free massage and free internet usage for customers. The price per haircut is P 50.00 1. Compute the target market: 8,600 males x 15%= 1,290 males in the barangay 2. Compute the market share: 50% of the target market 1,290 males x 50% = 645 males 3. Compute the revenue for the month 645 males x P 50.00 = P 32,250.00 4. Compute the revenue annually P 32,250.00 x 12 months = P 387,000.00 5. Mr. Dela Cruz is looking for a 5% increase in the first year of operation after adjustments and difficulties he will encounter, 10% increase for second and third year and 15% for the fourth and fifth year. Compute the forecast revenues for the first-five years of operation: P 387,000.00 x 1.05% = P 406,350.00 Year 1 P 406,350.00 x 1.10% = P 446,985.00 Year 2 P 446,985.00 x 1.10% = P 491,684.00 Year 3 P 491,684.00 x 1.15% = P 565,437.00 Year 4 P 565,436.00 x 1.15% = P 650,253.00 Year 5Mr. Gomez has operated a rental business last January 1, 2020. The monthly rental for the space is P 3,500.00. He has three spaces which are already occupied for commercial use. He is expecting for a 5% increase for the first year of operation, 10% for the second and third year and 15% for the fourth and fifth year of operation. Using the table, fill up the data and compute the forecast of gross revenue. Year 0 Year 1 Year 2 Year 3 Year 4 Year 5It you were the entrepreneur. what will be your marketing strategies an that you will be able to meet with your tereeaated annual revenue