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Chapter 1
PROJECT SUMMARY

Name of Business : Solar Powered Generator

Location : Iglesia St., Barangay VII,

Daet Camarines Norte

Name of Proponents : Salva, Analiza B.

Celling, Ray John

Gojar, Alyssa Mae

Morada, Odelon

Elemen, Rica

Form of Organization : General Partnership

Total of Project Cost : Php 331,166.89

Project Target Implementation : January 2021

Sources of Fund : Partner’s Contribution

Payback Period : 83%

Return on Investment : 1 year, 2 months & 12 days

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A. NAME OF THE BUSINESS

SOLAR POWERED GENERATOR is the proposed business name

that will operated by five (5) individuals who have joined together to form a
general partnership. The proponents have chosen that name to make the
customers aware about the product offered by the proposed business.
Additionally, the proponents have chosen that name in order for the potential
clients to familiarized the business easily.

Upon the agreement, the proponents will form general partnership form
of organization to be formed in which of members will contribute money,
knowledge, skills and property which they envision to influence and leave a
good impression on their customers by bringing a quality of service to the
community.

The proponents chose partnership because of its easy foundation and

organization. This will also provide opportunities for the partners to share
one’s capability and resources that serve as the strength of the business.

Table 1.1
Name of the Proponents
NAME OF THE ADDRESS PERCENT OF
PROPONENTS OWNERSHIP
Salva, Analiza B. 10Loro St. Alpine Ecology 20%
Subdivision, Gubat Daet, Camarines
Norte
Celling, Ray John Happy Homes Calasgasa, Daet, 20%
Camarines Norte
Gojar, Alyssa Mae San Rafael St. Poblacion, Basud, 20%
Camarines Norte
Morada, Odelon Barangay Manguisoc, Mercedes, 20%
Camarines Norte
Elemen, Rica Purok 3, Barangay San Isidro, Daet, 20%
Camarines Norte

Table 1.0 shows the name, addresses, nationality of the proponents as

proponents the type and percentage of ownership of each principal. The
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proponents decided to have an equal ownership of each member of the

partnership.

B. LOCATION

The proposed location of the business is the Iglesia St., Barangay VII,
Daet Camarines Norte. The proponents chose the location because of its
accessibility to raw materials, manpower and also to the potential customers.
Moreover, decided to have this location because of its advantageous spot that
can save travel time and costs of freight, benefiting both the business and the
customer. Another thing is that, the location is very accessible for the potential
customers.

C. DESCRIPTIVE DEFINITION OF THE PROJECT

The idea why the proponents have chosen the concept of the business is
that, Daet is one of the municipalities that are affected with power interruption.
The business has conceptualized how the consumer (households) can make an
alternative solution with this problem. The proponents got the idea of producing
Solar Powered Generator as a great opportunity in the target market proposes.

The Solar Powered Generator is designed for the use of households and
business establishments as alternative for electricity used for the usual generator
that uses gasoline for the conversion of electrical energy. The product is easy to
use and convenient for being simple to use to operate. The proposed project also
aims to lessen the use of gasoline on generators while providing electricity to the
appliances and facilities.

D. PROJECT LONG RANGE OBJECTIVES

After five (5) years, the “SOLAR POWERED GENRATOR” will expand to
assist other places and municipalities in the province in the use of energy
through solar generators and it will develop new features for a greater customer
quality. The business has a possibility to establish branches to help increase
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significantly the product to satisfy the needs of the consumers for a reasonable
price that will meet the satisfaction of the consumers, gain patronage and
contribute to the economic stability of the town as well as the country.

Vision

Solar Powered Generator is established to satisfy its clients with the

complete line of premier generator brought about by a highly technological
machines and related equipment that shall provide the customers with the
highest quality of products and excellent service at all times in order to become
the most dominant and most prestigious name in the manufacturing of Solar
Powered Generator.

Mission

Solar Powered Generator shall provide the customers with the premium
Solar Powered Generator and prompt and friendly service so as to have the most
profitable return, and also to enjoy an uninterrupted operation at all times and to
provide low price renewable energy to the households in Daet”.

Goals and Objectives

 To provide product that can be used as alternative source of electricity

through the use of solar panels and batteries.
 To make energy more cost efficient and promote the use of solar energy in
electricity utilization.

 To be able to expand the business in other areas of the community in its

three operating years.
 To gain loyal customers in the first year.
 To dominate the market in the community and define the edge of Solar
Powered Generator from its competitor inside the municipality of Daet.
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 To establish a good brand to customers and gain brand loyalty in its first year
of operation by prevailing a socially responsible enterprise.
 To gain profits while helping the environment and community through
providing Solar Powered Generator.
Core Values
Customers are the focus of everything we do.
 Actively listen, respond quickly and be honest
 Act with integrity, passion and enthusiasm
 Be confident, knowledgeable and follow through with our commitments
Associates are critical to our success.
 Be honest, consistent and responsible in the pursuit of organizational
goals and managerial actions
 Cultivate the desire and energy of people to identify with and buy into the
success of the organization
 Provide people opportunities for: achievement, responsibility, recognition,
interesting and meaningful work, growth and advancement
Services and products drive our growth opportunities.
 Attract and retain knowledgeable, technically skilled, experienced and
capable people
 Offer services and products that are “different” in some special way to
increase our competitive advantage
 Invest in new products on an ongoing basis to ensure the company
maintains current state-of-the-art products in the marketplace

E. FEASIBILITY CRITERIA

The proposed business will be formed not only to provide sustainable

solar energy and lessen the use of gasoline but also to have a continuous level
of profitability for its long-term plans. It will be possible through the feasibility
evidences of the proposed project. Through this, the business will have a good
and constant operation that will help the materialization of its objectives.
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F. HIGHLIGHTS OF THE PROJECT

History

The proposed business came up to the idea of designing a Solar

Powered Generator because of the need for alternative energy of electricity in
the vicinity of Daet. Most of the time, the CANORECO (Camarines Norte
Electric Cooperative) has power interruptions that affects the business
operation and living of the members of the community. The proponents
decided to form a generator that can provide electricity using solar energy
that aims to lessen the gasoline for cost efficiency. the proponents found that
the idea of implementing a solar powered generator throughout the design
phases the proponents through, is accomplishable.

Mode of Financing

The proposed business will be established by the investments to be made

by its own partners. They will contribute and equal amount of PXXX that
constitute to the Total Project Cost of P 331,166.89.

Investment Cost

The starting capital of the Solar Powered Generator is P 350,000. The

said amount will be used to purchase adequate machineries and equipment for
the use in operation, supplies and raw materials and other necessary items for
the business.

Nature of the Industry

The proposed project belongs to the manufacturing industry. The business

will purchase its materials and will engage to manufacturing process to convert it
into finished product.
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G. MAJOR ASSUMPTIONS AND SUMMARY OF FINDINGS AND CONCLUSION

Market Feasibility

The proponents conducted a survey to chosen target market which is the

household population. The proponents produce 394 survey questionnaires; it
includes the products that they are availing. How often they buy and if they are
going to avail the products offered. Based on the conducted interview forty five
percent (45%) in the municipality of Daet are buying Portable power bank. Every
individual consumes 1 in one year. Sixty seven percent (67%) of the population is
willing to buy product offered by the proponents. In the survey conducted said
that every individual consumes 1 of Solar Power Bank in one year.

In conclusion, the demand for the product is high in the said target market.
The project can be considered as feasible because of the high demand with a
larger demand gap available that the business can penetrate with this available
market. Aside from that, the location that will be proposing are very accessible
because it is located in the center of the town and near in the establishments.

Technical Feasibility

Since a multi-voltage system solar-powered generator was developed by the

proponents from Daet that is successfully passed pilot test as it produced enough power
to run common household appliances simultaneously. The generator, developed by
proponents, was tested and launched by the Solar Powered Generator that will be
located at Iglesia St, Barangay VII, Daet, Camarines Norte. Since the test was positive
result, the proponents are now measuring if the said product is technically feasible in the
target market, that is the reason why there is a market feasibility.

As one of the findings by the proponents, materials necessary for the

production of the Solar Powered Generator are all accessible to the location and
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vicinity. Also, the processes to be engaged by the proposed business is quite

simple. Trainings and supervision are to be observed for the production of the
product. Machineries and equipment are readily available in the market

Financial Feasibility

Financial figures show a good sign of income, cash flows and position that
symbolizes a good level of profitability making the proposed business financially
feasible. The return on Investment of the project is 83% and a payback period of
1 year, 2 months & 12 days. This mean that the Solar Powered Generator is
financially feasible, based from the study.

Socio Economic Feasibility

The proposed business has a positive impact towards the community of

the target market. It will provide employment to those individuals in Daet making
the unemployment rate decreased. The taxes to be paid as the result of the
business operation will help the government in fund allocations and utilization
and also the business’ impact to the society will be remarkable because of its
contribution to the progress of the municipality.

Management Feasibility

One of the findings of the proponents is that the form of the ownership has
choose is very suitable to the proposed business since it has many benefits by
considering the capital requirement, investment and profit sharing and the human
requirements. Aside from that, the proponents will designate individuals that are
suited to their skills and capability, which is one of the most important in the
management study because people in the organization are very important to the
success of the proposed business.