Business plan. ENTREPRENEUR. Angled shot of pen on a graph.
EFFECTIVE SIDE DISH. PLED’s CHILI GARLIC OIL WITH TINAPA.
OUR PRODUCT. Chili garlic oil with tinapa is a type of food used mainly for condiment. Potentially it can be a dish and it’s so much better with rice. For those people who sometimes doesn’t cook, this is for you. Because this product is ready to eat. If you’re someone who doesn’t like spicy meals we have classic garlic oil with tinapa which is also good for the heart. This product contains a great source of calcium and vitamin D and it supports bone health, too. It can also stabilize heart rhythms which also can help reduce the risk of heart disease. Chili Garlic oil with tinapa is a condiments and a side dish also, that made from chili, garlic, oil and tinapa (smoked fish). With our chili garlic oil with tinapa: It May Help Prevent Chronic Diseases. May Stimulate Immune System. May Relieve Stomach Issues May Help Clear Sinus Congestion. Might Prevent Macular Degeneration. May Relieve Pain. Might Reduce Skin Inflammation. May Lower Blood Pressure. Tinapa is full of protein, omega fatty acids and other essential nutrients. It’s definitely a healthy food. Adding condiments to your meals is a great way to enhance flavor and potentially add health benefits..
The pandemic paved the way for all modern food trends, so now we think of food as common but with a thrill. We thought about chili garlic oil because nowadays people love spicy ones. Nowadays, people loves to put some chili on their meals to make them work harder to eat. In Philippines, Chili oil is one of the best-seller, so why don’t we make this with a thrill. Chili Oil is a common condiments in all over the world, so we think what’s the effective condiments that can be a side dish also. The PLED’s Chili Garlic Oil with Tinapa. At affordable cost. The consumers will buy this in a low cost, like families, friends, neighborhoods. We will prove to them that our product is delicious by having a free taste. Chili Garlic Oil with Tinapa is good for people who wants spicy and if you have low spicy tolerance we have Classic Garlic Oil with Tinapa. How to buy our product? We have our product in any Flagship Store in the Philippines we have in Trece Martires public market, You can find our product Chilli Garlic Oil with Tinapa and I'llClassic Garlic Oil with Tinapa. If you can’t go out in your House but you want to buy our product you can contact us in our contact number 09958511658 and you can also message us on our Facebook Page @PLED’s chili garlic oil. PLED’s chili garlic oil with tinapa is different with other chili oil. We didn’t use regular type of Oil, Our chili garlic oil with tinapa is healthy because it’s made with 100% Vegetable Oil and it has a overflowing chunky tinapa. Selling online and non-online will be our path to our profitability. Once we start selling, we will definitely make money..
MISSION AND VISSION. Our mission is to be profitable once our product become popular and we will gonna upgrade and improve our product for us to have a high ratings and good result. Our vision is, when our product is popular we have high hopes that we will gonna get a high investment for our product..
II.PROBLEM SOLVING.
How to grow and make a lot of money for our business? Building a business is not that easy, It can grow and it can also sink. The business is not always that profitable. How can we make our product be profitable always? In business there are always ups and downs. To make our business be profitable always and make it grow, we should to find a place where people can go, our product can be seen quickly,. Since condiments and side dishes are chili garlic oil with tinapa we can place in a public market and to a groceries stores..
Nowadays, all prices go up, how can we sell our product at an affordable price if the ingredients are expensive? All prices are rising, to make our product be in a affordable price, we find a store of our ingredients that has a low prices or if that stores makes their products in high price,it’s okay to buy expensive ingredients to be sure to look good. Our only profit will be the coating, we will only add 1% to each ingredient.
In every business there’s always a competitor, how can we sell if we have a lot of competitor? Every product has a same, how can our product be different with others? Business is business, competitors are always there, if we want to grow our product we have to do some different in our product. Like our chili garlic oil with tinapa, Our chili garlic oil with tinapa is different to others because it’s healthy and it can be a side dish and condiments. Competitors are competitors, if they are copying some of our product we are here to make some thrill to our product to makes our products be different with others. We will not focused on the competitors but we will be more focus in our products to make it better and better..
We want to grow our product, chili garlic oil with tinapa is not that easy to make it grow. So we have a business partners or key partners to be our helper to make our product grow, our business partners are stores, seller and reseller. We have a seller who get our product and sell it too. Every product needs to be known by others to make this grow. To Endorse our product to make it known by the people, we have a advertisement to all social medias and websites. To have a relationship to our costumers, we have a social medias, such as facebook page for those who wants to ordered online. For key activities, We will manage a new flag ship store to other place. Producing a new flavors, for those who wants a new and delicious flavor. The value proportion of the costumer are can order 24/7 through online, better pricing efficiency, Can taste our delicious chili garlic oil with tinapa, fast delivery, will taste our good amd healthy chili garlic oil. Pricing is important when you are building a business, For our product we tried the economy pricing. In economy pricing we keep our product’s pricing low to make it grow faster..
PLED’s chili garlic oil with tinapa wants a goods or services. To make our product good and service we We look for a place where our stores can be located, a place where people can go and find or see our product in an easy way. For those who do not like to go out or buy outside, we have created a Facebook page for those who want to order online and a contact number. In order to speed up the production of our product, we hired people who have the potential to cook, online order deliverers, call answerers, and sales people of our product. For our finished products, we purchased cabinets to hold the finished products, and to prevent contamination of the container. For our ingredients we have a refrigerator for stored ingredients. As for the container, we have a container or level to make sure it will not be broken..
One of the problems our business has to deal with is the constant increase in prices. Of course our team always has a solution, we can still make good, healthy and delicious chili garlic oil with tinapa.For our ingredients, to save money only one store supplies us except for bloated. We get smoked fiah in its factory. In first, financial is the one problem for building a business. In our financial matters, we have the first money deposited to make our first product. Until it rotates and until it grows. The economy affects our costumers and sales through the growth of the economy, when the economy grows at the same time the product grows so our sales will increase. As for the costumer, of course, when everything grows, the costumers will grow even more Economy affect our business, much more when our ingredients price was increased..
For our team, we expected some problem here. We can’t avoid angry and complaining costumers. To avoid this problem, my teams know how to communicate properly with costumers. Patience and understanding are the investment of our business. Business will grow fast when employees have long patience. Of course, it is also difficult to avoid scammer, where we will have orders but they will not be able to claim. To resolve this, our team can return it to the store and will be sold again.
In our business we have a mission and vision, how can we do that? To reach our increase sales we have to do our goals. Our goals is to make other flavors for our product. Everyday we have to make a lot of orders to increase our sales. In fulfilling our mission and vision I have a team that knows what our goal is for our business. Each team has their own strategies to grow our business. We have a unity to make our business grow. Also, We are ready and we know what to do when our business fails..
MILESTONE AND METRICS.
MILESTONE. Our team will launch a new flavor of chili garlic oil with tinapa, on March 30 th 2022. We need to release new flavored product or products at least every month. As we said on our goal, that we want to have a high ratings to our products and to be popular. We already set a right amount of budget for every product that we will gonna launch. Our Whole Team move as one and we always work hard when it comes to selling our product , launching a new product and we always follow our map to reach our success. Keeping our products with a good ratings, good comments, good background is one successful milestone on us. We don’t want to have a bad comments our product that’s why we keep improving and upgrading our products, if something’s little that is not good on our product, we change it into a better one as soon as possible because we don’t want to have a bad background about our products. As long as we follow our path on the way to success, it is a great honor for each of us to reach every milestone that we need. We have our responsibilities for making each milestone a succ ess..
METRICS. •SALES REVENUE We have different products that can make money, there are many types, so we chose the product is chili garlic with tinapa, because it does a lot when it comes to cooking, such as when there is no dish, it can be served, it can also be appetizing to eat, for lovers in spicy, So our point here is how much do we really earn ?. We make 10k every week, because we know how to persuade people, we know how and where it sells well, and how people will like it, we think of spices that can be added, to make it taste better. We also observed people who like and do not. When we first tested almost 70% of people did not like the taste, so we made sure that the next test will be popular with people’s tastes. Soon more and more people who like with our product, we also have a pre-order box of chili garlic oil to sell to others, we give it at a low price so that they can get it from us, and for our product spread. Maybe we don’t only earn 10k, it also reaches 20k and up , that’s why we improve what we do in abundance and increase our customers..
METRICs. •NET PROFIT MARGIN In building or having a business, of course, not only pure income, there are also expenses. We pay the rent of the space, we buy the necessary equipment for the product and the items to be used We paying the employees, taxes. Our revenue is divided into income and expenses.
METRICs. •GROSS MARGIN Let’s say we sell a lot of our product. Let’s say our product makes a lot of money. But we can’t avoid the scammers who keep cheating people, someone ordered us three boxes of product and then didn’t pay, so it’s a pity for our product, let’s say we can sell it again, just in case it’s a waste of our effort, that’s why We think that’s a lesson to learn, because we’re businessmen, that’s part of what we sell, everything has a scammer, especially they are happy there and they relax there, so since then we’ve been making sure that the buyer arrives and gets it our product is for nothing fun..
METRICS. • SALES GROWTH YEAR-TO-DATE Of course our business is sometimes high income, sometimes low. Depends on the weather. There is a month when our sales are very high, to the point that the income reaches 10k a week, it comes to the point that our income is only half. Even so, we know that our business is still growing, because people continue to enjoy it, in the Philippines or internationally..
METRICS. •NET PROMOTER SCORE After costumers buy our products of course they have something to say. Almost all of our costumers say nice things, come back to our store and shop again. Our chili garlic oil with tinapa is delicious, healthy and affordable, which is why costumers keep coming back..
BALANCE SHEET.
PLED'S CHILI GARLIC OIL SHOP Balance sheet March 11, 2022 ASSETS CURRENT ASSETS Cash and cash equivalents Accounts recetvable Marketable secunues Inventory TOTAL CURRENT ASSETS PROPERTY AND EQUIPMEN Land Machinery Improvement of building OTHER ASSETS Advance salary for employees TOTAL ASSETS LIABILITIES AND SHAREHOLDERS EQUITY CURRENT LIABILITIES 200.000 15.000 20.000 10.000 245,000 110.000 50,000 45,000 5,000 455,000 Short term loans Uneamed Revenue Accounts payable TOTAL CURRENT LIABILITIES Long term dept TOTAL CURRENT LIABILITIES SHAREHOLDERS EQUITY Prepared stock Common stock Treasury stock Retamed ear-tungs Total liabilities and shareholders equity 100,000 50.000 50.000 200,000 150.000 350,000 10.000 10,000 5.000 80,000 455,000.
PLED'S CHILI GARLIC OIL SHOP STATEMENT OF CASH FLOWS March 11, 2022 CASH FLOWS FROM OPERATING ACTIVITIES CASH RECEIVED FROM COSTUMERS CASH PAID FOR EMPLOYEES CASH PAID FOR MERCHANDISE. CASH PAID FOR INGREDIENTS, CASH PAID FOR TAXES NET CASH PROVIDED BV OPERATING ACTIVITIES CASH FLOWS FROM INVESTING ACTIVITIES PROPERTY EQUIPMENT NET CASH USED IN INVESTING ACTIVITIES CASH FLOWS FROM FINANCING ACTIVITIES REPAYMENT OF EXISTING LOANS REPURCHASE OF EXISTING STOCK NET CASH USED IN FINANCING ACTIVITIES NET INCREASE (DECREASE) IN CASH BEGINNING CASH BALANCE ENDING CASH BALANCE 200.000 (15.000) (10.000) (10,000) (1.500) 236,500 (100.000) (15,000) 115,000 (102.000) (15.000) 117,000 50,000 50,000.
MARKET ANALYSIS.
Demographics and segmentation. Volume and value As an entrepreneur you should not only devote your time to the product, you should also know where the crowd is, and where your product is more popular, your product is delicious but there are no buyers. So as an entrepreneur you must know where to build your position. Better be kind to customers and don’t be greedy with the person who buys you, if they don’t want to let you because if they like your product they will go. You should be kind to them. So that when they like your product, they will spread it, they will say that your product is kind and beautiful..
MARKET VALUE. Since we are starting to sell a product and we’re still looking for a market or some branch to sell our product. By selling a numerous of our product we’re expecting a high market value or just double of the amount of money that we use on our product. It depends on how to know the value of our business, this Is probably one of the most important things that a person who wants to do business should know, because here you will know how to calculate the selling prices and the shares in the business. The price of our business is over ₱150,000 and our shares are over 20%, so our market value is 30,000, so the result is 30,000, because we multiply it by the shares of our business..
POTENTIAL COSTUMERS. Since we are starting to sell a product and we’re still looking for a market or some branch to sell our product. By selling a numerous of our product we’re expecting a high market value or just double of the amount of money that we use on our product. It depends on how to know the value of our business, this Is probably one of the most important things that a person who wants to do business should know, because here you will know how to calculate the selling prices and the shares in the business. The price of our business is over ₱150,000 and our shares are over 20%, so our market value is 30,000, so the result is 30,000, because we multiply it by the shares of our business..
COMPETITION. When selling a product, don’t be complacent that the income or sales of your product will increase. Because as an entrepreneur we have a variety of competitors like our product. We must know the strengths and weaknesses of our opponent, so that we can quickly strengthen our product to be liked by people. If you know that their product is getting stronger, let them, don’t be jealous of them, because they deserve it, they made it so they got such a strong customer. You have to do, study the styles that they have and don’t have, so that you can make your own product. So you just have to be better so that your product is stronger than theirs. In case we have many opponents alike of our product. And if you know that our income is stronger than theirs, don’t let them know the style you are doing so that they don’t imitate their product, be careful with every move so that your customers are stronger..
CASH FLOW STATEMENT.
APPENDIX.
APPENDIX. It will show our sales, gross margin and earning from our product.
PLED's CHILI GARLIC OIL WITH TINAPA 2020 2021 2022 700000 600000 500000 40 0 00 0 300000 200000 1 00000 sales earnings gross rnargin.
BUSINESS LICENSE/PERMIT. The business needs permits or licenses for proof that we can show to costumers and competitors when they have a complaint or if we have a complaint ..
BUSINESS LICENSE Certificate of business ownership License no. NLH3672901 The license herein having paid all the fees required, is hereby granted said license to transact the business set forth for the stated period. This License is issued to: PLED's chili garlic oil with tinapa Trece Martires Public Market Dated: March 03, 2022 Gema Lubigan Mayor.
BUSINESS TRADEMARK. We use the trademark to make our products better known.
PRODUCT PACKAGING SAMPLE. WE USE THIS TO MAKE PEOPLE BE FAMILIAR WITH OUR PRODUCT.
MARKETING MATERIALS. LIKE TRADEMARKS, WE USE MARKETING MATERIALS TO MAKE OUR PRODUCT BE KNOWN.
;ARLIC OIL CONTACT US rac-0D00K: Pl-EIYs Chili garlic Oil xvit.n t„inapa cont-act. 00058511058 PLED'S CHILI GARLIC Tl IE Ill-I C,LIRI-IC OIL xvrrl 1.
Biography. Pled’s Chili garlic oil with tinapa Submitted to Mr. Aldrin L. Agbuya Of Gateway International School of Science and Technology In Partial fullfillment Of the requirements for our Entrepreneurship Eingelle Marie G. Dumandan Khent Monsan G. Loristo Camille D. Extinado Kirsch Jhewel B. Palma.
BIOGRAPHICAL DATA. March 2022.
Ms. Eingelle Marie G. Dumandan was born on the 8th day of April, 2005 at Trece Martires City, Cavite. She has a 3 sisters and she's the youngest daughter of Mrs. Annalyn G. Dumandan and Mr. Rafael G. Dumandan. Her first sister is Mrs. April Joy D. Aycardo, the second is Mrs. Joie Louisse D. Rodrin and the third is Ms. Chloie Marie G. Dumandan. She is currently living at Brgy. Conchu, Trece Martires City Cavite, with her family. She is currently study at Gateway International School of Science and Technology, and she's now a grade 11 student. Afterwards, she had her primary education at Saint Therese Academy of Trece Martires City in year 2011 to 2017..
Mr. Khent monsan G. loristo , he was born on May 15, 2005, in the area of zamboanga delnorte barangay talon-talon, as the second child of Mr. Jerrymon L. Dupaya and Mrs. Rossana C. Gibaga, his mother is now living in valenzuela city new prodon blk24 lot 11, and his father is now living in tarlac barangay maasin. He was graduated elementary school at Gateway International School, and he's now studying as a senior highschool at Gateway International School as well. His two brothers and him, his older brother is Mr. Errysan Shris G. Loristo and he's in Zamboanga now, he is studying there in the aircraft maintenance (AMT) course..