Baggies Business Plan

Business Plan
“BAGGIES”
Submitted by:
Magtibay, Jeann Eudes E.
Mendoza, Michael Angelo
Punzalan, Charis
Rocafort, Rain Glyrel M.
Sabido, Sheena S.
Villanueva, Stephen Joseph S.
Campuses: Hilltop | MH del Pilar | Pallocan East | Pallocan West | Lipa

Telephone Numbers: +63 43 723 1446 | 980 0041
Website: www.ub.edu.ph
Submitted to:
Mr. Alfie Lindo Virrey
Chapter 1
Executive Summary
When you see shockproof listed for a hard drive, mobile phone case or watch, what
does it mean? It means that the item is able to be dropped from a significant height and
still function after the fall. The shock is referring to the impact that the drive will
experience upon landing after the free fall.
Most of the businesses were created by entrepreneurs who envisioned an
opportunity to develop a new product or service, and pursued that vision in search of
independence and financial reward. While these visionaries started with solid ideas to
form the foundation of their new ventures, most do not have many of the skills
necessary to transform their ideas into reality. Additionally, the scarcity of talent in
today's market makes it extremely difficult for small business owners to attract and
retain those skills to design and develop commercial solutions to a social problem.
This Baggies involved the design and construction of an excessively complex
system of chain reactions engineered to complete a relatively simple task. The primary
aim of the task was to design and construct such a device which functioned to
successfully save technologies in a risky move, including a range of energy transfers

between components of the device. Following development of these designs, some
components were constructed and tested both individually and in combination with other
components. Early prototypes of these components included the use of phones and
mirrors. After testing of prototypes, the device was modified to improve efficiency and
overall functionality. In order to meet the time criterion and to include a sufficient
number of energy transfers, additional components were added during early testing of
the prototype device. As such, the performance of the device during formal assessment
is expected to be successful, and of a similar time, providing no damage or unknown
alterations occurs prior to the final competition.
Baggies is eco-friendly because instead of burning those scraps, we made it into
something useful not for just us but also for the society. Rubbers are bad for the health
especially if it is being burned. It can also cause global warming and pollution to the
Earth. And now, with some special innovation, we’re using scraps of interior part of
wheels and we turn in into some shockproof bags not everyone can do.

Chapter 2
Market Study
Business Description
i. Vision
Protecting the environment for present and future generations with innovative
solutions in pollution control. To be a bridge connecting the business community with
the limitless potential of at-risk youth when given opportunity.
ii. Mission Statement
We aim to provide solutions to satisfy our customer’s need by providing them
quality, flexible yet affordable products. Baggies are committed to our vendors by
working together to achieve the common goal of satisfying the end user of the product.
iii. Goals/Objectives
The following are the objectives of Baggies:
 To enhance our communities and way of life through measurable improvements to
our environment.

 To determine in our efforts to achieve this by designing, developing and promoting
sustainable products.
 To achieve on a widespread basis, a switch from single-use disposable plastic and
paper bags to reusable and recyclable alternatives.
iv. Business Name
The main idea of the proponent of our product is about recyclable raw materials
being able to be converted into a product that will be a great use for the environment.
Our product which is “BAGGIES” is a shockproof bag that is made up of used interior
parts of the ten wheeler truck. Baggies is also an anti-theft bag having a secure location
of the zipper strap. This type of bag is less hassle especially in rainy season because it
is also a waterproof. Baggies can make your life easier, more comfortable and secure.
We came up with the name “BAGGIES” because once in for all, our product is a
bag. We added the word “GIES” to make the bag on its plural form for a reason of this
bag has many purposes and is always prepared for anything.

v. Business Logo
A brand's logo is its most important design element, because it is the visual
representation of the company and its values. Inside the Figure 1 shows that there is a
circle, it represent the interior wheel that we used for the bag. Black is seen as a
serious, no-frills color, and can evoke a feeling of sophistication. Although it might look
plain, it is often used for luxury products because of its sense of elegance and glamor.
Black can also show consumers that your brand is mysterious and exclusive. Inside of it
has a padlock-like bag, it is a double meaning with the bag looking like a padlock for
being more secure for theft. It was colored Orange because Orange is associated with
playfulness and enthusiasm. This color is said to activate brain activity, but it can also
be seen as aggressive due to its eye-catching nature. This combination of friendliness

and mental stimulation makes it great for inspiring consumers to take action. We are
BAGGIES and we are “Prepared for Anything!”
Product/Service Description
I. Benefits
Technology are gaining excessive reputation amongst individual these days.
After the supply of those computer systems out there, individuals are getting too
extra to buy these moveable gadgets at a giant scale. And that individual will
certainly purchase ab advantageous high quality bag for the safety of its gadget.
These bags are very useful for these individuals who commute to their work day by
day by practice. The main benefit of this bag is that it protects your gadget from
shocks and different damages like scratches. A bag which has each shockproof and
waterproof options offer for your gadgets final safety. A good high quality inner and
outer padding of froth or another tender material and a good interior part of a wheel.
Designed to resist damage.
II. Advantages Features

When you see shockproof listed for a hard drive, mobile phone case or watch, what
does it mean? It means that the item is able to be dropped from a significant height and
still function after the fall. The shock is referring to the impact that the drive will
experience upon landing after the free fall.
The product we are proposing is called The BAGGIES. It is a bag that is made of the
interior parts of the wheel of cars or motorcycles that made it shock proof and with the
help of the special cloth that makes it more secured.
Many shockproof bags feature a rubberized material around them that is meant to
absorb the part of the shock. Shockproof does not mean insulated from electrical
damage. Although it evokes images of electrocution, it does not mean the item is
insulated from static electricity or will be able to function after sustaining an electrical
surge. The standard for testing a shockproof bag are for infrequent, non-repetitive
shocks that might happen during handling, transportation, or when an item is being
serviced. But it is always depending on the item, this standard outlines tests for
functional shock, material to be transported, fragility, transit drop, crash hazard shock,
bench handling, pendulum impact and catapult launch.
Target Market

If we’ll be trying to break into the fashion accessory industry, we all know that the
competition is fierce enough. That's especially true if you're marketing bags, a fashion
item that serves as both a status symbol and an accessory. Our audience are those all
aging from 3 years old and above. The target market is almost of all ages, except for
infants, because what the proponents really focused on are students, families,
colleagues, and business partners. Those who are in access of technologies are all
welcome and we would want our audience to be those accessory lovers that are fragile.
We conducted a product for technologies to be secured, and also for ourselves. It is an
anti-theft, waterproof and shock resistance bag that will surely be the safest of the safe.
Once you welcome Baggies in your life, it will never be the same. Further trimming the
population down, those who, mainly, loved and interested with bags and technologies
would comprise the business’ consumers. In order to cater the place, the product will be
offered within the premise of the locality, especially focusing to those customers who
have the preference of buying the product. Nevertheless, the business will focus on
delivering the best quality and affordable prices as the most important attribute of the
target market in selling bags.
Marketing and Sales Strategy
i. Product Strategy
9

A product strategy is the foundation for the entire product lifecycle. As product
leaders develop and adjust their product strategy, they zero in on target audiences and
define the key product and customer attributes necessary to achieve success. The main
purpose of a strategy is to align executives and other key stakeholders around how the
product will achieve the high-level business objectives. It also provides the product
manager with a clear direction to guide the team through implementation and to
communicate the value of the product to cross-functional teams, such as sales,
marketing, and support. Our contribution can and will be measured by us continuing to
design, develop and promote sustainable products and recovery systems, in the first
instance a switch from single-use disposable bags, to a reusable and recyclable
alternative. As the existing team gains experience working together across time zones,
BAGGIES will add new consultants who bring various skill sets to the company. We will
open up additional offices in other cities and states to provide more "points of local
contact" for our clients. New team members will bring new skills and potentially allow us
to offer new services to our small business clients. One possible example is helping
small businesses expand their operations overseas. The Marketing Mix defined below
explains the value that we will bring to our clients as well as the channels,
communication, and costs that will be associated with our services.
ii. Place
10

It is also noticeable that Lipa City is being home to new settlers from different
regions. Inside the MVL Center where people come and go. It is mostly accessible
because students come and go specially La Sallians and some other students of The
Lipa Grace Academy, Canossa Academy and other schools that are in free access of
transportation. Direct selling can be a good starting point, especially if the product
supply is limited or you only sell seasonal products. One advantage of selling your
products directly is you get a more personal feel of the market because you interact
directly with the customers so you can easily adapt to the changes.
iii. Pricing
BAGGIES will determine the standard pricing structure for each deliverable
based on hourly estimates and fees. This will be expressed to the client as a per-
deliverable fixed price in a quote. Clients can determine which deliverables they would
like to purchase. We will charge the quoted price even if we have underestimated hours,
to maintain credibility with budget-conscious small businesses. We may consider a
cash-and-equity arrangement, or potentially all equity for specific projects. Before we
can begin with this stage of pricing, we will need more experienced finance and
accounting skills to determine proper equity stakes that should be requested. Our
services are tailored specifically to the unique needs of small and emerging businesses
and focus on practical, short-term actions that can improve overall business execution.
With a shortage of available talent plus the typical budget pressure usually associated
11

with small businesses, our services provide a cost-effective alternative to obtaining
highly-skilled marketing and strategy resources.
iv. Promotion
Today, social media is one of the best business tools. Our business, Baggies will
have an account on Facebook, Twitter and Instagram so that our customers will be
updated in our restaurant and also with our promos and new bag designs and styles.
Baggies will also have flyers, tarpaulins, promos for our business to be more popular
and customer will love our business. Participating in local chambers of commerce will
also help us to get increased exposure.
Chapter 3
Technical and Operation study
A. Technical and production
 Physical premises
The proposed location of our business is in Paninsingin, Lipa City. It is in the
vicinity of MVL Center and it is across De La Salle Lipa. MVL Center, our proposed
12

location, is formally a renting store. A few online shops clothing store like Jukaykay atbp
are also in here and a few computer shops. It is mostly accessible because students
come and go specially La Sallians and some other students of The Lipa Grace
Academy, Canossa Academy and other schools that are in free access of
transportation. We are also near Robinson’s Mall. Lipa City has 72 barangays. It is
bounded by the town of Santo Tomas in the northeast, San Pablo of Laguna and San
Antonio, Quezon in the east, the municipalities of Padre Garcia and Rosario in the
southeast, the municipalities of Ibaan and San Jose in the southwest, the municipalities
of Cuenca and Mataasnakahoy and Taal Lake in the west and the municipalities of
Balete and Malvar in the northwest. The city's location, in a valley between Mount
Malarayat and Mount Makulot, makes it a low-risk area for natural disasters. These two
mountains serve as a windbreak during typhoons. Mount Makulot, in the west, also
served as shield during eruptions of the Taal Volcano.
Lipa’s proximity to the country’s capital, Manila, having an approximate distance
of 86 kilometers or an hour and half drive via the Southern Luzon Expressway
enhances its strategic access to development trends. It is fast emerging as a key city in
the province, becoming a major institutional/administrative center, medical center,
commercial center, financial center, agro-industrial center and residential center.
Likewise, due to a very strategic location, LIPA CITY MARKET is comparatively busy
than other neighboring towns. Thus it boasts a large quantity of market business. As a
result, it attracts more customers from neighboring towns like Padre Garcia, Rosario,
13

Ibaan, San Juan, Malvar, Tanauan, Mataas na Kahoy, Balete Cuenca, Lemery and
Batangas. It is also noticeable that Lipa City is being home to new settlers from different
regions. Muslims from Mindanao for example have settled in Lipa City, primarily due to
growing economy. There are also settlers from Mindoro, Bicol, Quezon and other
places. Likewise, there are many Koreans who established their business in Lipa.
Furthermore, it is evident that Indian Nationals are also an everyday sight.
Lipa has an extensive road network. The city is a transportation hub for Batangas
and nearby provinces. The whole city of Lipa can come and go into places so there
won’t be any problem in transportation. Lipa is served by a network of national highways
and an expressway. The Southern Tagalog Arterial Road (STAR Tollway) connects the
city with Batangas City, Tanauan and Santo Tomas, with a connection to South Luzon
Expressway (SLEX), thereby linking the city with Calamba and Metro Manila. Jose P.
Laurel Highway, or Ayala Highway (Route 4) on one portion, connects Lipa with the
municipalities and cities of Malvar, Tanauan, Santo Tomas, and Calamba in the north
and San Jose and Batangas City to the south. P. Torres Street or Lipa-Padre Garcia
Road Route 431, links the city with Padre Garcia and also serves as a route to the
municipalities Rosario and San Juan. Another highway, the Alaminos-Lipa City Road,
serves the northern barangays of the city, runs northeast to Alaminos and serves as a
route to the city with San Pablo in Laguna. Governor Feliciano P. Leviste Highway or
Lipa-Balete Road links Lipa with Balete. Claro M. Recto Avenue, General Luna Avenue,
and B. Morada Avenue serve the city center or poblacion. On the rural areas within the
14

city boundary, arterial roads, like Lodlod Avenue, Santo Tomas-Lipa Road and Lipa-
Ibaan Road, serve the barangays and also connect with nearby municipalities, like San
Jose-Batangas, Santo Tomas and Ibaan-Batangas respectively. An arterial road
running beside Fernando Air Base serves the municipality of Mataas na Kahoy. Buses,
vans, jeepneys, tricycles, and multicabs are common means of transportation in the city.
Large numbers of jeepneys ply their trade around the city, and are becoming the
primary mode of transportation. A grand terminal built beside SM City Lipa mall now
serves as the city's central transport terminal. Making Lipa one of the best decision’s in
places for the market.
Chapter 4
Management Study
A. Business Form and Key Personnel

 Form of Business Ownership
A partnership is a business form created automatically when two or more
persons engage in a business enterprise for profit or either share ownership of a single
business. The alliance of two or more persons to carry on as co-owners of a business
for profit forms a partnership, whether or not the persons intend to form a partnership. A
partnership is formed whenever two or more persons engage jointly in business activity
to pursue profit. The partners should have a legal agreement that sets forth how
commitment will be made, profits will be shared, disputes will be resolved, how future
partners will be admitted to the partnership, how partners can be bought out, and what
15

steps will be taken to dissolve the partnership when needed. There are three types of
structured partnership in business
Name Amount of Contribution

Magtibay, Jeann Eudes E. P200,000
Mendoza, Michael Angelo B. P200,000
Punzalan, Charis P200,000
Rocafort, Rain Glyrel M. P200,000
Sabido, Sheena S. P200,000
Villanueva, Stephen Joseph S. P200,000
Total P1,200,000
To begin our business, we need a budget of P1, 000,000. Each of us will be

contributing 200,000 totaling the amount of P1,200, 000. The remaining P200, 000 will
be invested in a trusted bank.
16

 Organizational Chart
Owners
Manager
Assistant
Manager
Cashier Security
Staff Guard
 Management and Skills Requirement

What follows are the list of Management and Skills Requirement for the specific kind of
position the business will need. It is organized into the categories of core skills,
business analysis skills, soft skills, and skills that can be required for the job:
17

Job Title Skills Requirement Description
Manager Planning Individual managers might be given certain
objectives and then be responsible for
developing ways to meet those objectives.
They have to understand what resources are,
develop time tables and budgets, and assign
tasks and areas of responsibility.
Organizing This might involve creating a new system
reports, designing a new layout for the office,
or building strategy and planning around how
to move through a project, how to move
toward deadlines, and how to measure
milestones.
Coordinating Managers must know what is happening, what
needs to happen, and who and what are
available to accomplish needed tasks.
Directing Directing is the part where you take charge
and tell people what to do, otherwise known
as delegating, giving orders, and making
decisions
Oversight It might include anything from reviewing
business models and checking for
inefficiencies to checking to make sure a
project is on time and on budget. Oversight is
the maintenance phase of management.
18

Assistant Leadership
An assistant manager is usually in charge
Manager
when a manager is unavailable, which means
you should be prepared to step up to serve as
an advocate for the employees under your
change.
Ability to Follow An assistant manager is usually working

Directions under the directive of a supervisor, and is
required to operate in a way the head
manager requests
Responsibility An assistant manager must be familiar with
how a business operates and have a good
working knowledge of the company's
products, services and procedures.
Likability
As an assistant manager, you should have
good communication and people skills, be
able to manage without being domineering or
controlling, and you should be able to
motivate employees to greater levels of
productivity. Being fair and equitable in the
way you manage employees is also a
valuable trait.
Decision-Making
A good assistant manager is able to rapidly
Capability
assess any situation, weigh the pros and cons
of various approaches, and make an
19

educated and informed decision that is
beneficial to all parties.
Staff Verbal
Communication is not all about talking, the
communication
best employees will be able to listen to what
people are saying, process it and act on it.
Commercial If workers have a good understanding of the

awareness wider environment in which a business
operates and knowledge of its customer base
then they can demonstrate their commitment
to that particular sector.
Analysing and Problems crop up all the time and you need
investigating employees who are able to deal with them in
a logical and analytical manner rather than
getting into a panic or simply ignoring them.
Self-motivation Managers can’t spend every minute of the day
monitoring their staff, so it’s important that
employees are self-motivated and able to use
their initiative to prioritise their tasks, come up
with better ways of working and take
responsibility for their own projects.
Flexibility The workplace is constantly changing and the

best workers can adapt to new circumstances
and environments. Good employees should
be able to take on new challenges at short
notice and deal with altering priorities and
20

shifting workloads.
Cashier Alertness
You need to master the art of multitasking
even when helping just one customer. You
must be able to talk and address any
concerns as you ring up the sale, all the while
keeping track of what you're doing and
making sure the transaction is going through
properly.
Friendliness Part of your job is to make sure customers

have everything they need, even if that means
they end up exchanging an item or need help
finding something else. It's up to you to
represent the company and to ensure
customers know they are valued.
Trustworthiness
The managers of the store trust you to keep
an accurate account of the money that comes
in and goes out of the drawer, and to keep a
safe and responsible watch over it. You will
need to come up with a balanced drawer at
the end of each shift. You are also being
trusted to help customers to the best of your
ability and to ensure that customers have the
best possible experiences.
21

Math Skills
Basic math is required when registers freeze
or break down, or if you work at a business
where the register does not do all the
calculations. Finally, transactions are often
made more complicated by customers
changing their minds midtransaction, asking
for several transactions in a row or deciding to
use more than one payment method.
Adaptable Being able to switch between idle and busy

periods is also a must have quality for a
cashier. He/she must also be able to use the
idle period to do some other things like
stocking the shelves or balancing the record
book.
Security Guard Alertness It is necessary to constantly stay focused and

avoid distractions as much as possible, or risk
missing something that could prove important.
Honesty They are responsible for securing access to

buildings and protecting a business against
theft and other crimes.
Physical Fitness Being in good physical shape leads to mental

alertness. The officer needs to portray a clean
22

professional image, with a neat uniform and
their shirt clean and tucked in. A security
guard should look well put together and
portray themselves and the client in a positive
manner.
Good Clear, courteous communication can be the

Communication deciding factor in handling a tricky situation
Skills effectively. Communication also allows the
security officer to carefully and accurately
document each and every incident of
importance, as well as the status of the facility
at the close of his/her shift.
Ability to Serve It is essential for a security guard to be detail
Client’s Needs oriented because he has to perform a lot of
tasks and remember details in serving our
clients.
 Compensation and Benefits (SSS, PhilHealth etc.)
B. Organizational Policies and Procedures

 Employment Requirement
The following are the employment requirements:
1. Birth Certificate
2. Transcript of Records/ Diploma
3. NBI Clearance
4. SSS
5. Pag-IBIG
23

6. Philhealth
7. BIR forms
 Work Schedule
Table Compensation
Working Hours/Shifting Policy
Number of MON TUE WED THURS FRI SAT
Employees
Manager 1 10:00am- 10:00am- 11:00am- 10:00am- 10:00am- 11:00am-
6:00pm 6:00pm 7:00pm 6:00pm 6:00pm 7:00pm
Asst. 1 10:00am- 10:00am- 11:00am- 10:00am- 10:00am- 11:00am-
Manager 6:00pm 6:00pm 7:00pm 6:00pm 6:00pm 7:00pm
Staff 3 10:00am- 10:00am- 11:00am- 10:00am- 10:00am- 11:00am-
6:00pm 6:00pm 7:00pm 6:00pm 6:00pm 7:00pm
Cashier 1 10:00am- 10:00am- 11:00am- 10:00am- 10:00am- 11:00am-
6:00pm 6:00pm 7:00pm 6:00pm 6:00pm 7:00pm
Guard 3 10:00am- 10:00am- 11:00am- 10:00am- 10:00am- 11:00am-
6:00pm 6:00pm 7:00pm 6:00pm 6:00pm 7:00pm
V. Financial Study
Capital Requirements and Strategy (1 Year)
VI. Legal Study

 Business Registration/Permit
Permits and Licenses
24

Government Requirements Amount
DTI PERMIT Php 250.00
BIR Php 500.00
Total: Php 750.00
25

26


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Business Plan

Magtibay, Jeann Eudes E.

Mendoza, Michael Angelo

Rocafort, Rain Glyrel M.

Villanueva, Stephen Joseph S.

Campuses: Hilltop | MH del Pilar | Pallocan East | Pallocan West | Lipa

Mr. Alfie Lindo Virrey

experience upon landing after the free fall.

Most of the businesses were created by entrepreneurs who envisioned an

This Baggies involved the design and construction of an excessively complex

successfully save technologies in a risky move, including a range of energy transfers

Campuses: Hilltop | MH del Pilar | Pallocan East | Pallocan West | Lipa

is expected to be successful, and of a similar time, providing no damage or unknown

alterations occurs prior to the final competition.

Baggies is eco-friendly because instead of burning those scraps, we made it into

Campuses: Hilltop | MH del Pilar | Pallocan East | Pallocan West | Lipa

solutions in pollution control. To be a bridge connecting the business community with

the limitless potential of at-risk youth when given opportunity.

ii. Mission Statement

We aim to provide solutions to satisfy our customer’s need by providing them

The following are the objectives of Baggies:

 To enhance our communities and way of life through measurable improvements to

Campuses: Hilltop | MH del Pilar | Pallocan East | Pallocan West | Lipa

 To achieve on a widespread basis, a switch from single-use disposable plastic and

paper bags to reusable and recyclable alternatives.

iv. Business Name

bag has many purposes and is always prepared for anything.

Campuses: Hilltop | MH del Pilar | Pallocan East | Pallocan West | Lipa

be seen as aggressive due to its eye-catching nature. This combination of friendliness

Campuses: Hilltop | MH del Pilar | Pallocan East | Pallocan West | Lipa

BAGGIES and we are “Prepared for Anything!”

Technology are gaining excessive reputation amongst individual these days.

Designed to resist damage.

II. Advantages Features

Campuses: Hilltop | MH del Pilar | Pallocan East | Pallocan West | Lipa

experience upon landing after the free fall.

help of the special cloth that makes it more secured.

bench handling, pendulum impact and catapult launch.

Campuses: Hilltop | MH del Pilar | Pallocan East | Pallocan West | Lipa

We conducted a product for technologies to be secured, and also for ourselves. It is an

target market in selling bags.

Marketing and Sales Strategy

Campuses: Hilltop | MH del Pilar | Pallocan East | Pallocan West | Lipa

communicate the value of the product to cross-functional teams, such as sales,

instance a switch from single-use disposable bags, to a reusable and recyclable

communication, and costs that will be associated with our services.

Campuses: Hilltop | MH del Pilar | Pallocan East | Pallocan West | Lipa

to maintain credibility with budget-conscious small businesses. We may consider a

cash-and-equity arrangement, or potentially all equity for specific projects. Before we

Campuses: Hilltop | MH del Pilar | Pallocan East | Pallocan West | Lipa

highly-skilled marketing and strategy resources.

also help us to get increased exposure.

Technical and Operation study

A. Technical and production

The proposed location of our business is in Paninsingin, Lipa City. It is in the

Campuses: Hilltop | MH del Pilar | Pallocan East | Pallocan West | Lipa

served as shield during eruptions of the Taal Volcano.

Lipa’s proximity to the country’s capital, Manila, having an approximate distance

the province, becoming a major institutional/administrative center, medical center,

commercial center, financial center, agro-industrial center and residential center.

Campuses: Hilltop | MH del Pilar | Pallocan East | Pallocan West | Lipa

Furthermore, it is evident that Indian Nationals are also an everyday sight.

won’t be any problem in transportation. Lipa is served by a network of national highways