You are on page 1of 19

II.

Introduction

1

Detailed Description
The business aims to sell high quality silver products that will satisfy the customers that wants beautiful accessories with them. The owner have conduct this kind of business because he assume that in this day forward, people has high demand to buy silver products as alternative in gold products that is too expensive. The business also offers free cleaning of silvers that was bought from the owner of the business. The owner is also aware of the many silver businesses all around the country and he wants to prove himself that he can go to the flow of the market strategies, the owner will also create a website so that the customer don’t have to use a brochure to pick and buy silver accessories. The products of the business are from a company that is also selling silvers and the owner also has contacts of the personnel of the company. This business didn’t just want to compete from other business that is also offering silver products but the owner also wants to prove that the silver product that is being sold is a high quality.

2

Ownership and Legal Structure
The legal structure of the proposed business is Sole proprietorship.

Sole proprietorship The vast majority of new businesses are set up as sole proprietors. The form is normally formality-free; there are no rules about the records you have to keep. Nor is there a requirement for your accounts to be audited or for financial information on your business to be filed at the registrar of companies. You still have to pay tax from the profit. The biggest disadvantage of being a sole trader is that you are totally responsible for any debts your business incurs. If you go bankrupt, your creditors are entitled to size and sell your possessions - personal as well as business.

3

Skills and Experience
The owner has the ability to communicate well to other people, he has no experience in selling products but has a good communication skills. The owner is a 4th year student of Polytechnic University of the Philippines and has many contacts who want to buy any silver accessories. This business is a volunteer work to sell many silver products that will satisfy the wants of the customers.

Advantages
The Silver Accessories and Cleaning Services (SACS) have a great quality in terms of silver products and good in terms of cleaning services. 1. The price is affordable. 2. Free cleaning of products from our business.

4

III. Marketing

5

Products/Services
The Silver Accessories and Cleaning Services offer both products and services. The product is silver accessories and the service is to clean silvers. The owner assured that all service is good and the product that is being offered is a high quality and has the a free cleaning service offered.

Market
Here is the target market of the business:

Age: 15 above with assurance of their parents if their age is 15 – 18. Civil Status: Single, Married, etc. Income Bracket: Middle class up to high income. Occupation: Any Jobs that is afford to buy. Geographic Area: Barangay/City Industry Type: Accessories Industry

6

IV.

Financial Management

7

Identification of Risks

Strengths 1. High Quality Silver Products 2. Good Cleaning Services 3. Free Silver cleaning for regular customers 4. Good alternative for gold products

Weaknesses 1. No managerial experience 2. No center of business 3. Supplies of the products 4. Many competitors are all around the corner.

Opportunities 1. Good chance to prove the managerial ability of the owner. 2. Creating website is good choice as an alternative for the center of the business.

Threats 1. Competitors that has influence and name in the market industry. 2. Limited supply of products

8

Financial Statements
Summary Statement

Sources of Capital Owners' and other investments Bank loans Other loans Total Source of Funds P 5, 000.00 0.00 0.00 P 5,000.00

Startup Expenses Buildings/real estate Leasehold improvements Capital equipment Location/administration expenses Opening inventory Advertising/promotional expenses Other expenses Contingency fund Working capital Total Startup Expenses P 0.00 0.00 1,000.00 0.00 0.00 0.00 0.00 0.00 4.000.00 P 5,000.00

9

Funding Request and Return on Investment
Cash flow and ROI statement
BENEFIT Great silver production Improved cycle time benefits: Reduced electricity cost due to less computer times Reduced labor cost Fewer accidents, resulting in less owners compensation Improved quality benefits: Fewer defects, resulting in less rework Fewer customer returns, resulting in less reprocessing costs Reduced time spent handling customer complaints 0 August P 7,000.00 500.00 0.00 0.00 400.00 0.00 500.00 Month September P 7,500.00 500.00 0.00 0.00 300.00 0.00 450.00 October P 8,000.00 500.00 0.00 0.00 200.00 0.00 400.00

Total monthly benefits Implementation filter Total benefits realized

P 8,400.00 85% P 7,140.00

P 8,750.00 90% P 7,875.00

P 9,100.00 95% P 8,645.00

10

V.

Operations

11

Explanation of Management Procedures
The Silver Accessories and Cleaning Services business implies those management and procedures for proper allocating and managing of products as well as handling it with the costumer concerns. The first setup we should set is the capital money for the desired business then setting up with the manufacturer of the biscuit and cookies that is needed as the product that we will sell, after that as an I.T student or as a skilled person creating a website to advertise and displaying those products on the web will be useful and when the time came that the capital that we use to buy those product is not enough the business must gathered 50% amount from the profit to make the capital money for buying those goods become stable. On the other hand even if we made an online site for that particular business we must tell it to our friends and made them realize that advantages of using that product so the profit will continuously increase as well as the capital still stable.

12

Hiring and Personnel Plans
This business is a sole proprietorship which means only one person operates the business so hiring personnel is unnecessary.

Production Equipment
1. Stock of Silver Accessories 2. Cleaning materials and different chemicals used for cleaning of silver. 3. Laptop and internet connection

Production Process
The process of this business is simple. The customer will order in the website or in brochure and the owner will get the order to sell to the customer.

13

VI.

Concluding Statement

14

Summary of Business Goals and Objectives

The Silver Accessories and Cleaning Services business is created to ensure the wants and needs of target costumers that are related to this business product. In order to obtain the business goals such as increasing of profit, improving skills in marketing and making the business become larger I am willing to invest my own money and work long hours for no pay, sacrificing personal time and lifestyle, Ensuring of alignment of processes, structures, technology and strategy. Then after all, viewing of comments and opinions of costumers and making their suggestion real will also make them loyal and the business become successful.

15

VII. Appendix

16

Jeffrey D.R. Llano Blk 1 Lot 25 Bato-bato St. Brgy. Comm. Q.C 09066727912 ; jeffreyllano02@gmail.com

PERSONAL DATA Age: Date of Birth: Gender: Civil Status: Height: Weight: Nationality: Religion: 18 December 02, 2013 Male Single 160cm 48 kg Filipino Iglesia ni Cristo

OBJECTIVE To have a job that would enable me to use my talent and skills as well as contribute to organization's goals.

SKILLS     Fluent English communication skills. Hands on knowledge of computer and internet usage Dedicated to work and fine at multi-tasking. Good and effective listener.

17

EDUCATION Tertiary Education School/University: Course: Location: Year: Secondary Education School/University: Location: Year: Elementary Education School/University: Location: Year: Manuel L. Quezon Elementary School Quezon City, Philippines 2000 - 2006 Holy Spirit National High School Quezon City, Philippines 2006 – 2010 Polytechnic University of the Philippines Bachelor of Science in Information Technology Quezon City, Philippines 2010-Present

SEMINARS ATTENDED -Microsoft Tech Fest ’11 Polytechnic University of the Philippines December 2, 2011 -Free and Open Source Polytechnic University of the Philippines February 26, 2011 Software Used for Web-Based Learning -The Risks of Social Polytechnic University of the Philippines January 22, 2011 Networking -Painless Web Application Polytechnic University of the Philippines January 8, 2011 Development with Rails

REFERENCE
18

Mrs. Demelyn E. Monzon Professor/Adviser – Polytechnic University of the Philippines Quezon City 09331909679 Mrs. Alma Fernandez Professor/ CommITS Adviser – Polytechnic University of the Philippines Quezon City 09182092224
`

19