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Crafts n’ snookIe

1 Executive summary Table of


3 Business Logo
Contents
5 History of the Business

6 Vision

6 Mission

7 SWOT Analysis

8 Key to Success

11 Management and Operation


aspect
11 Type of Organization

11 Operation Period

12 Organizational Chart

12 Job Description and Specification

16 Marketing aspect
17 Target Market
18 Market Promotion
24 Location
24 Pricing
25 Product
27 Direct Competitors
29 Pricing Strategy
29 Demand
29 Supply Analysis
Crafts n’ snookIe

31 Technical aspect
32 General Business Condition
34 Plan Layout
36 Process Chart
38 Service Process
39 Materials and Equipment

43 Financial aspect
44 Source of Financing
44 Project Cost

56 Socio-economic aspect
57 Benefit to the Economy
57 Benefit to the Government
57 Benefit to the Community
58 Benefit to the Customers
58 Benefit to the Employees
58 Benefit to the Partners

59 appendices
60 Articles of Partnership
62 Product Costing
63 Vicinity Map
63 Location
64 Curriculum Vitae
Crafts n’ snookIe

List of
figures

5 Figure 1.0
11 Figure 2.0
12 Figure 3.0
17 Figure 4.0
19 Figure 5.1
19 Figure 5.2
20 Figure 5.3
21 Figure 5.4
21 Figure 5.5
22 Figure 5.6
23 Figure 5.7
23 Figure 5.8
33 Figure 6.0
34 Figure 7.1
34 Figure 7.2
35 Figure 7.3
35 Figure 7.4
35 Figure 7.5
38 Figure 8.0
CHAPTER I
Business Logo
History of the Business
Vision
Mission
SWOT Analysis
Key to Success
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For some people, food is just a necessity to satisfy basic needs;
for the others, food is more than just a basic necessity, but a pleasure
that plays a significant role in their understanding of happiness. There
Executive
are so many different cuisines and food preferences built by cultural
summary and ethnical backgrounds, geographical locations and social classes.
Food and popular meals can tell us a lot about the history and traditions
of various nations and regions.
However, as human history keep developing and evolving, we have a higher standard on choosing
food that we like to eat nowadays. Most people have some common knowledge on what is good and what
is bad for the human body to consume. With pride and dignity, Crafts n’ snookIe
, a craft and snack business that presents satisfying and fiery products to the customers.
The business is a general partnership type of he business organization composed of four partners. The
partnership is called ARgon TENN Bah– Saw Co. and it has its main branch inside the University of
Northern Philippines and can be contact through online around Sta. Catalina, San Vicente, San Ildefonso,
Vigan, Caoayan, Abra and Bantay. The business will soon have a sub-branches and will be located at
Tamorong, Sta. Catalina Ilocos Sur.
The food and hand-craft business is open from 8:00 am in the morning up to 5:00 pm at the afternoon
in weekdays and in weekends. Online orders will also be accepted at 24 hours with a delivery fee. It offers
several varieties of food perfect anytime whenever the customers want to eat.
The business will be built on a 400sqm lot and the building will cover the 300 sqm. The business will
be financed by the profit of the company and contribution of the four partners with the total of Php
20,000,000.00 .
The business will undergo job hiring for the allotted position especially for those with the
specifications they can meet. In accordance t the articles of partnership, the four partners will be working
as managers and shall not be disqualified any of the conditions and they are headed by Nathaniel Genesis I.
Rabilas.
In marketing aspect, the management team connected their business spirit with social media as
another foundation of their business. The management team will be driven and decisive for the products to
be brought by their lovely customers. Aside from their competitors, Crafts n’ snookIe
have its own oneness to make everything possible in the development of their business. All of the resources
are being considered by the management team.
S trategies, techniques and promotions will be applied widely to disseminate the important details
about the business.
ARgon TENN Bah– Saw Co. will make invest and invest for the growth and development of their
business.
Crafts n’ snookIe 3

THE
logo

C r a f t s n’ s n o o k I e
Crafts n’ snookIe 4

About the BUSINESS LOGO


The easier and more recognizable the logo becomes, the more familiar the logo becomes which aids
building trust in a brand. The logo is unique on its own elements where it stands as one for the vibrancy of
the business. The elements are shown below:

Commemorates the pride that the business began


small-time and went through tough journey of ups and
downs until it became a widely-accepted business
establishment that promotes ingredients and materials
available to the community market to support other small
entrepreneurs. Starting a small business is a challenging but
beneficial idea. You are able to establish you own store,
café, restaurant or bakery and embody your offbeat and
splendid ideas there. On the other hand, it means that businessman should be ready to resist numerous
challenges and work hard for the protection and development of your business.

S ignifies the strong-will and environment-friendly


characteristics of the business. The team anchor our
company to the welfare of both community and nature.
The bear eating a bee which means sweets because of the
products were made out of treacly hard work. While part
of the name which is the word burst stands for our drive to
showcase our skills in production, crafts making, finance
and marketing management. The color brown is a warm
color that stimulates the appetite. While it is sometimes
considered dull, it also represents steadfastness,
simplicity, friendliness, dependability, and health. The
brown color says stability, reliability, dependability, and
approachability. That means that the team has to show and
bring out what they have in the means of different aspect.
Crafts n’ snookIe 5

History of the Business

A“promise of friends” was the root of the business. Way back 2005, the owners who were then
students planned and promised to put up a business someday where they can forge their relationship deeper
as they become partners in their own dream business. They have their own conversations like being
heartbroken and ghosted and many more. Since it wasn't their intention to connect each other, they sense
something different between them. Later on, after they have settled their own professional careers, they
decided to meet and finally make their promise come true. It was because of the grace of God that they are
destined to create and produce experience together.
At first, the business industry was a new maze for them because running an entire business was a new
thing considering that they each have professional careers to take care too. But they were determined to
show the market that their products reach the standards and quality to be able to stand out from other
businesses. On May 23, 2014, they signed their first partnership and started to plan for a branch opening
eventually. They start with a small stall and then they went on and continued to shake the business industry
for their increasing sales rate and quite a good feedback from regular and walk-in customers. After 2 years
on February 15, 2016, they opened a new branch located in the University of Northern Philippines, Tamag,
Vigan City. Until now, there is only one branch and it is the main branch of the business.

The company open a very The company open their The company interacted
new and unique stall at own restaurant inside the with different companies The company is
Plaza Maeztro, Vigan University of Northern in other countries for proposing other
City. Philippines. trading of their business. branch of the business.
The company signed The company made a The company opens public
contract from the other personal contract to a to purchase their business
company for their realty international bank for for other businessmen.
and holdings. their financial accounts.

Figure 1.0 The Timeline of the Business


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VISION
We envision to become front runners of the business world, having and upholding, excellence in all
aspects of business levels and maintaining the integrity and honesty of business management.

mission
To provide quality products and services to everyone using indigenous and traditional materials and
ingredients from formulation, manufacturing, up to production where partners and customers receive
premium quality services.

CORE values
The team do whatever it takes to delight our They pride their selves on providing
partners. They support and share responsibility complete visibility into the successes, and
with the members of the team.
sometimes failures, of our business as they
grow and scale. It is an integral part of their
All are passionate about learning and seek to culture as they collaborate and work towards
constantly improve and innovate. They are not a common goal across functions.
afraid to make mistakes. They learn from others
and from their challenges & successes.
Control and ownership over individual
business impacting projects empowers
They work smartly, take care of the team, and their employees to think critically.
have fun in order to ensure the sustainability
and success of our organization.
The team empower their employees in a
work environment that is conducive to
The stakes are high for the students and creating the optimal work/life balance.
educators we serve. They knock down barriers
to ensure the long-term success of our partners.
The team align around a decision and each
contribute to and are accountable for its
They constantly ask how their choices support success.
educators and improve outcomes for English
Language Learners. The passion for these
workers drives us to work with great urgency They are relentless in our pursuits of major
and to hold each other accountable. victories and humble in their successes.
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S wot analysis focuses on the internal and external environment of our business, examining strengths
and weaknesses in the internal environment and opportunities and threats in the external environment. Swot
Analysis is a very effective way of identifying our strengths and weaknesses, and of examining the
opportunities and threats we face. Swot analysis looks at the factors which affects the success or failure of
our business. From that, the management team will be able to generate ways for improvement and possible
growth of the business.

strength weakness
• Food preferences of customers are
• The business has good location inconsistent and may change from
• The business products have great time to time.
taste and quality • The chance of getting a negative
• Have skilled and responsible
feedback or respond from public.
employees
• Can order products through • The business may not get as popular
online shop as its direct competitors
• The products have affordable • Limited foods and drinks in the menu
prices that the customers could choose
from.

OPPORTUNITIES THREATS
• Continuous expansion by building • There are lots of classy and
more branches in the province. popular food stalls, fast food, tea
• The business will be well-known houses, and café shops around
in a larger scope. Vigan City, Ilocos Sur who sells
• More products will be offered to the same products.
the customers. • Unstable prices of raw materials
• More individuals may be used in cooking the products.
interested in investigating in the • The business may not be noticed
business. by the people.
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Achieving business success is not as easy as it sounds. Imagine, sailing a ship all by yourself not en-
tirely sure where or how you’re going to get to the place you want and all of the responsibilities in making
sure your ship doesn’t sink is all in your hands. It is similar to being an entrepreneur. There are numerous
elements allied to the vision of the enterprise that must be embodied and granted with importance. There
are key factors that need to be regulated to attain success. All the things in the business must work all
together, most importantly, the management team and staff, shall know what is must and what is must not.

Powerful decisions
First, the staff must have the ability to cleverly address and
solve real problems. This means that you must think diagnostically
and perform root-cause analyses. The members should come up with
permanent preventive solutions for problems and sure-fire techniques
for success. All decisions and goals should be in line with the
SMART acronym; Specific, Measurable, Achievable, Realistic and
Time-bound. The people in the business must be wise to think of
strategies in the price, product and at the place. To attract the
customers is the first goal and to make the customers come back is
the second.

Great marketing and customer services


Second, the management team must give all their best, even
beyond what is necessary, for the betterment of the business starting
off with the products. The quality of the ingredients and the taste of
the products must exceed the customer’s expectation. The greatest
products must be defined for people to be motivated and give products
a try for the business to reach its target market. But of course people
won’t be back if they get bad service that’s why both must be kept in
an equilibrium for the business to succeed.
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A great team
Lastly, positive results can be achieved when people
use teamwork. By communicating ideas, being receptive of
contrasting views, and embracing constructive criticism will
always lead to success. When teams effectively work
together, they can achieve results that are impossible for one
person to reach by himself. Teamwork creates a support
network, it builds confidence, leads to innovation, strengthens
self-growth, promotes positivity and boosts goodwill.

In general, the keys to success are powerful decisions, great marketing and customer
service, and a great team. These must be possessed by the management and staff whenever
they are inside in the business and even outside.
and

CHAPTER II
Type of Organization
Operation Period
Organizational Chart
Job Description and
Specification
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Management This chapter will discuss on how the business will be


and managed and explain its operations. It includes the type of
organizational chart, the different jobs and qualifications and
Operation the requirements for job hiring.
Aspect

Type of ORGANIZATION

The business engaged to general partnership type of business


organization. It is generated by four partners namely Nathaniel
Genesis I. Rabilas, Maria Angela R. Borbon, Mark Joshua J. Cadaoas
and Wren Karl L. Dungalen who equally contributed for the Figure 2.0 Type of Organization

procurement of the business.

O The food and hand-craft business is open from 8:00 am in the morning
P up to 5:00 pm at the afternoon in weekdays and in weekends. Online orders
E will also be accepted at 24 hours with a delivery fee. A daily and weekly
R schedule of the workers will be made. In order to adjust in working at
A different hours per day, the said schedule will vary and change monthly. All
T
of the workers will have a three day off each month which will serves as
I
their rest and free day.
O
N
The managers have to facilitate, acquaint and do some operations of the
business in all of its branches. It is a must for them to check on the
Period
employees especially on how to communicate with our customers, help in the
process and secure the maintenance of all the things that work in the
business.
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THE
CHART

sales manager Assistant manager

General manager

Operations and
marketing manager financial manager

cook driver cashier

Service crew bookkeeper

Figure 3.0 The Organizational Chart

The chart above shows the positions and jobs starting from the high-level
management down to the managers of different of different sectors which flows to the
different workers who will take different types of activities in the business for it to run
harmoniously and blissfully. Contractual or not, all of the requirements should be passed
until the given day and time. They will have their own duties and responsibilities and they
must embody the values of the company as they enter the business.
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Description Qualification
General manager Assistant manager
The one who are tasked with overseeing daily
business activities, improving overall business
functions, engaging with vendors, hiring and training The one who is interested in helping to hire and train
employees, identifying business opportunities, other team members and helps out with the obligations
managing budgets, developing strategic plans, creating of the general manager. The assistant manager takes
policies, and communicating business goals. A general some of the general manager’s tasks like going over the
manager usually must speak the languages of finance customers service, supervising the works of the
and accounting, operations, sales, marketing, human employees, contributes in the management procedures
resources, research and development. It’s general and sales strategies and ensuring compliance to all
manager’s responsibility to provide direct management required papers and license. The Assistant Manager
of key functional managers and executives in the should have a consistent work history and previous
business unit, coordinate the development of key experience as a senior staff member.
performance goals for functions.
Qualifications Qualifications
• Male or Female • Male or Female
• 25 years old and above • 25 years old and above
• Degree Holder in Accountancy/ Business • Degree Holder in Accountancy/ Business
Administration and Fine Arts-related course Administration and Fine Arts-related course
• Strong leadership qualities and highly organized • Dedicated to customer satisfaction
• At least two- three years’ experience in • At least two- three years’ experience in
business world. business world.

OPERATIONS AND MARKETING


SALES MANAGER MANAGER
The major task of the operations manager is to oversee
Sales Manager is surrounded by the responsibilities of that the production of products are doing smoothly and
the sales. The Sales manager lead a sales team by the guidelines are properly performed. It is also his job
providing guidance, setting sales quotas and goals, to make sure that the customers reach their satisfaction
assigning sales territories, and brainstorms possible to the products of the business. In this position, the
techniques to increase sales, analyses allotted budget Marketing Operations Manager analyzes existing data
for different aspects, discovers and examines accurate and information as well as historical trends in order to
opportunities that the business might take risk for and provide early insights into best practices and new
lastly, he analyses the budget frequently to make sure trends that guarantee data quality across marketing
that the business is going well. metrics and operations.

Qualifications Qualifications
• Male or Female • Male or Female
• 25 years old and above • 25 years old and above
• Degree Holder in Accountancy/ Business • Degree Holder in Accountancy/ Business
Administration-related course Administration-related course
• Excellent written and verbal communication • Must portray a high comfort level
skills • At least two- three years’ experience in
• At least two- three years’ experience in business world.
business world.
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Description Qualification
financial manager cashier
Cashiers scan items, ensure that prices are quantities are
Financial managers also investigate ways to improve correct, and collect payments. They also assist
profitability, and analyze markets for business customers by explaining or recommending items, an-
opportunities, such as expansion, mergers or swering questions, and processing exchanges or refunds.
acquisitions. Administrative assistant performs duties The Cashier will ensure that prices and quantities are
different from the others. He or She prepares and accurate, issue receipts, answer inquiries, and provide
analyses financial reports and presents it to the whole helpful information to customers products, promotions,
management. Lastly, she ensures that the company is or item location. He or She will also respond to
financially healthy and is growing. complaints, process refunds or exchanges of items, and
maintain a clean workspace.
Qualifications
Qualifications
• Male or Female
• 28 years old and above
• Male or Female • Degree Holder in Accountancy/ Business
• 28 years old and above Administration-related course
• Degree Holder in Accountancy/ Business • Customer service or Cashier experience
Administration-related course • Ability to handle transactions accurately and
• Negotiation skills and the ability to develop responsibly
strong working relationships • High level of energy with strong customer service
• At least two- three years’ experience in skills
business world. • At least FIVE Years’ experience in business
world.

BOOKKEEPER COOK
An excellent cook must be able to follow instructions
The bookkeeper position creates financial transactions in cooking and delivering well-prepared meals and
and generates reports from that information. The must be deft in moving around the kitchen and apt in
creation of financial transactions includes posting multi-tasking. Experience in using various ingredients
information to accounting journals or accounting and cooking techniques, ensure great presentation by
software from such source documents as invoices to dressing dishes before they are served, keep a sanitized
customers, cash receipts, and supplier invoices. The and orderly environment in the kitchen, ensure all food
bookkeeper also reconciles accounts to ensure their and other items are stored properly, check quality of
accuracy.
ingredients and monitor stock and place orders when
there are shortages are also important.

Qualifications Qualifications
• Male or Female • Male or Female
• 25 years old and above • Degree Holder in Hospitality and Tourism Management
• Degree Holder in Accountancy/ Business and Culinary Arts-related course
Administration-related course • Ability to follow all sanitation procedures
• DEVELOPING STANDARDS AND ANALYZING INFORMATION • Ability to work in a team
• At least FIVE years’ experience in business • Very good communication skills
world. • Excellent physical condition and stamina
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Service crew Delivery driver


Service crew members perform daily duties that change
depending on the number of customers they serve and
the number of other staff members present to assist Delivery Drivers collect items and transport them to
with work tasks. The service crew job description their destinations. Delivery drivers convey a variety of
entails providing services to customers, such as drinks items, ranging from food to furniture, and may deliver to
and foods in the friendliest manner possible. They other businesses or to the public. He should be thorough
should be available to take orders from clients and in ensuring orders are properly fulfilled, committed to
should have the ability to serve clients satisfactorily. work safety, and passionate about satisfying clients.
However, there are several core responsibilities
associated with this job that are universally the same in
all restaurants and service-based environments.
Qualifications Qualifications
• Male or Female • Male or Female
• Must be at least senior high school graduate • 23 years old and above
• Ability to maintain composure during rush hours • Must be at least senior high school graduate
• Ability to present bills, take orders and deliver • Valid driver's license issued by the state where you
them to clients in a timely manner intend to work
• Possess willingness to assist kitchen staff • Clean driving record
• Ability to deliver top quality customer service and • Special licenses may be required to operate certain
assistance vehicles
• Ability to recommend meals, side orders, and deals • Ability to walk, drive, and lift and carry heavy
to customers items for extended periods

Management team is composed of the five managers who are also the partners and they are being led by
Nathaniel Genesis I. Rabilas (General Manager). Thus, the management team will announce and disseminate the
job vacancies through the mediums they will use in promotions.
The applicants in any available position must bring and submit the following requirements:
Resume with 2 pcs of 2x2 recent pictures
Application Letter
Barangay and Police Clearance
2 Valid IDs
Dental and Medical Certificate
Birth Certificate
High School/ College Diploma

The amount of salary that the available jobs offered are shown below:

Financial Manager 1 15,000.00


Cashier 2 6,000.00
Bookkeeper 2 20,000.00
Cook 5 15,000.00
Service Crew 5 5,000.00
Driver 2 5,000.00
CHAPTER III
Target Market
Market Promotion
Location
Pricing
Product
Direct Competitors
Pricing Strategy
Demand
Supply Analysis
Crafts n’ snookIe 17

This chapter pertains to the competence and


specifications that the business has as it is introduced in the
marketing market. It discusses the target market, how the business will
be promoted, the business location, prices of the products, the
Aspect products and its difference to other products, the pricing
strategy that will be employed, the demand and lastly, the
supply analysis.

Target Market
A target market refers to a group of potential customers to whom a business or company wants to
sell its products and services. This group also includes specific customers to whom a business or company
directs its marketing efforts. A target market is one part of the total market for a good or service. Target
market is also considered based on the location of the business.
Crafts n’ snookIe main branch, being situated in the middle of civilization,
has a wide scope of target market since it can be accessed by different individuals from various fields.

The figure above shows the target market


Figure 4.0 Target Market
of the business. Majority of it are the students with 40%
since there are nearby schools near to the location, 30 % of the target market are the residents in Vigan ,
next to it are the passersby and online buyers with 10 % of the graph and 5 % for teachers and employees.
The University of Northern Philippine, Vigan City and Municipality of Sta. Catalina has its own
organization, faculties and establishments that people or employees can take their snacks or buys some
crafts from the business. Crafts n’ snookIe is located inside the University and
can be available anywhere.
Crafts n’ snookIe 18

market
The goal of any promotional marketing campaign is to raise awareness about a product or
increase its appeal. It offers new customers a reason to try the product for the first time, while
building loyalty in existing customers. The entrepreneurs take the advantage for the business
growth including the positive qualifications in order to establish a larger market by attracting
more individuals to be the customers.
The following are the forms of promotion for the business:
We cannot deny how big of an impact social media has on
our lives now, not only on people but businesses too. It has
opened a whole new door to the business world and given them
a big opportunity to interact and attract a larger amount of
customers. It’s given us a new and faster way of
communication by exchanging pictures, stories, news, blogs,
online discussions, etc. In exchange businesses have benefited
by a long shot just by the click of a button. This phenomenon
has taken over the marketing and advertising industries and has
changed the way they handle their efforts to attract customers.
With effective strategies and guidance, businesses are
offered a new platform of advertisement that has the potential
to revolutionize the way companies present their products and
services to consumers.

Facebook marketing has become one of the best marketing channels in the word of businesses. One of
the major importance of Facebook marketing is that it has varied areas and also makes things appear to be
more real. It can also advise and help organizations on how to get new clients. The development of
Facebook marketing has helped user to rely on online communication whereby you don’t have to appear
face to face. In Facebook, your ability to connect and influence the users can be the main factor in success or
failure in achieving your objectives.
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Figure 5.1 Facebook Page
The entrepreneurs
will surely put a review
about the business on
how they can satisfy
their customers. There is
a discussion tab which
can be used for many
things. Customers can
post after-sales questions on the Facebook wall, and staffs can answer them. This is often more efficient
than staff answering phone calls, and allows other customers to read common questions.

@burstbrown

Twitter has gone from a place for people to share their every thought into a powerful marketing
platform that lets brands speak to their audience in real-time. With over 321 million monthly active users,
it’s easy to see why companies keep using Twitter after all of this time. Like every other social media
platform, finding marketing success on Twitter takes strategic planning and intentionality to stand out and
keep your audience engaged. When you start to build your online presence and your followers trust you as a
serious network marketer they will be ready to retweet your messages and even promote your products
eventually. Hashtags are a great way to expose your brand to new audiences who may be interested in what
you have to say. Some brands create hashtags for a specific campaign and use that hashtag to label
individual Tweets or encourage their audience to share Tweets with that hashtag. #BROWNBURST will be
the official hashtag line for the business. Figure 5.2 Twitter Account Profile
Crafts n’ snookIe 20

@brownburst1

Instagram can also help you grow your brand awareness and introduce new products. 70% of
Instagram users have spent time searching for a brand on the platform. Instagram allows you to promote
your brand and product in a friendly, authentic way without hard selling to your customers.
Unfortunately, millennials’ favor for Instagram has been both a blessing and a curse. While many
marketers are leveraging the photo-sharing network, even more marketing professionals are focusing their
efforts elsewhere, based on the assumption that their audience just isn’t there. Recently, it’s gained
popularity as an exciting method for brands to show off their cultures, recruit new employees, engage
with customers, and show off products in a new light. Followers can click on your contact button to get in
touch with you right from your Instagram page just like they would from your website.

Figure 5.3 Instagram Account Profile

Web marketing combines a wide range of marketing


strategies, requiring traditional marketing comprehension and
an understanding of emerging technologies. Entrepreneurs
must understand the strengths and weaknesses of various
online marketing efforts as they develop their marketing strat-
egy, analyzing these aspects by creating a marketing plan.
The web also presents exciting new opportunities for
https://brown-burst.my-free.website/ companies to profile their customers. The interactive space of
the Internet simplifies a company's ability to track, store, and
analyze data about a customer's demographics, personal
preferences, and online behavior. This data allows the
advertiser to provide a more personalized and relevant ad
experience for the customer.
Crafts n’ snookIe 21

Figure 5.4 Brown Burst Website

Flyer marketing is one of the most cost-effective ways


business can reach their target customer bases. Flyers are
cheap to print and cost nothing more than your time or mini-
mal wages to distribute. Flyer distribution is one of the old-
est methods of marketing used. With flyer advertising, you
won’t need to sit and wait patiently for a long time to get a
Figure 5.5 Brown Burst Flyer

response. Reply is almost instant. Also,


searching for and reaching you target au-
dience is simpler than any other medium.
All you need to do is set up your flyer
distribution at a place near your target
audience.
Crafts n’ snookIe 22

Aside from the quality of the promotional content, the


material used on the billboard or poster is also important to
make it effective. The reason why most businesses and
organizations use tarpaulins in disseminating information or for
advertising purposes is because this type of material offers a lot
of advantages. Tarpaulins come in various sizes and price. It’s
cheaper compared to TV advertising and LED billboard so it’s
great for small-scale business venture. Indeed, tarpaulin is as
effective as other promotional and advertising media. This can
help you raise awareness about your brand faster and for a
cheaper cost. As a brand manager, be careful to put dates on
your promotions though. These adverts tend to stick around.

Figure 5.6 Brown Burst Tarpaulin


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Public relations is the department that try's to promote
the product and show the good side of the business to the
public. The entrepreneurs can use this form of promotion to
bring the name and products to the attention of the public and
potential consumers. It's an advantage of creating a good
image to the business and this may be done by issuing new
stories of events surrounding itself to the press, or by
associating the business with an event, such as sporting or
celebrity event.
The entrepreneurs will use this as a way of promoting
the business because it is also cost-free and it can extend its
range to the individuals who cannot be reached by the pre-
Figure 5.7 Direct Inviting
sented forms of promotion beforehand.

Radio is entirely a medium of sound, which evokes


smells, sensations and visual images which brings the listeners
imaginations into play. Radio advertising is one of the tools of
advertising which is effectively used for communication and
positioning. It is one of the foundations for effective and
successful advertising. Radio can be used effectively for
advertisement since it can target the large audience because of
its high reach. Radio is good at increasing awareness about the Figure 5.8 Radio Advertisement

brand and business and helping in building the brand image.


The operations and marketing manager shall ensure that
the business promotion will be aired in the peak hours or the
time when many radio users will be listening to guarantee that
the information will be sent to the individuals.
Crafts n’ snookIe 24

Location
The success or failure of a business frequently depends on its location. The right location will
increase the chance of a business succeeding. The wrong location could increase the chances of a
business failing. Moreover, it also affects the demand and the capacity of the supplies to reach the
business.
The perfect location is a vital component in the success of a business. The right location gives
a company access to transport, labor, customers and raw materials.
The partners have chosen the main branch of their business to be situated inside the University
of Northern Philippines and can be available anywhere around Vigan, Sta. Catalina, San Vicente,
Abra, Bantay and San Ildefonso as the business is allowing online orders though there are a lot of
risks in the said location such as having tight competition.
Near the proposed location are: Poblacion and Tamorong, Sta. Catalina and Vigan City, Ilocos
Sur, several establishments of the different municipalities and a lot of business infrastructures.
This proves that the business has an accessible location that customers can easily find and
recognize.

Pricing

Prices have always been the center of human interaction ever since traders have been in existence.
It should come to no surprise that all business in different industries spend countless time figuring out
how to price their products and services competitively . The management team applied their skills and
knowledge in proposing the prices of each products. They made sure that it is a win-win situation by ben-
efitting both the business and customers. The business will be benefitted by getting a large profit while
the customers will receive overall satisfaction of the business.
The management team also considered the direct competitors in setting the prices of the products.
They put lower prices and established pricing strategies to invite customers and ensure that all the prices
are appropriate to the products that sell.
The table on the next page will show all the products that the business offers and its prices
according to its different sizes.
Crafts n’ snookIe 25

COST/ SELLING
PRODUCTS SIZE MARK UP
ITEM UP
Chuckie Tea with M 15.00 65.00
50.00
Tapioca Pearl L 25.00 75.00
M 10.00 55.00
L 20.00 65.00
Lemon Drink 45.00
With Strawberry 10.00 15.00
With Yakult 10.00 15.00
Clubhouse 2 Slices 50.00 25.00 75.00
Mango Dip Mini
Cup 5.00 5.00 10.00
Popsicle
Banana Fritters Piece 3.00 4.00 7.00
Potato Cheese Rolls Piece 15.00 10.00 25.00
Wine Bottled Lamp Piece 75.00 25.00 100.00
Wine Bottled Display Piece 50.00 10.00 60.00

The business has created on its own satisfying products which will be having only one main branch
and allow to have sub branches in the following business years in the city. It is open for everybody within
the official work time of the business which workers or employees will serve the customers at their finest,
clean and negotiable communication and connection in 9 hours at different times of the day.
S weets with handworks, highlighting pleasurable drinks, snacks and gratifying handcrafts which will
the business need to focus on. The Drinks will be chuckie tea and lemmon drink with different styles and
sizes. Clubhouse, Mango Dip Mini Popsicle, Banana Fritters and Potato Cheese Roll will be the business’
snacks. Handcrafts are the Designed Wine Bottle and Wine Bottled Lamp. The aforementioned products
especially the drinks and snacks are available all throughout the day but online selling like handcrafts.
Crafts n’ snookIe will be given on the different schedules. will give you the
best food that you’ve wanted and craved a long time ago and will heal all your sweetsphobia. The items or
products for each day may sometimes vary depending on the state of the weather, demand, or supply of
ingredients.
Crafts n’ snookIe 26

Crafts n’ snookIe presents you the chuckie tea that will pull you towards
your childhood affections and the Designed Wine Bottle that has its own antique charisma that can
make your eyes melt. This may not be the greatest product in the world but this can mesmerize and
give yourself its necessity.
The business will guarantee that the money spent on the products of
Crafts n’ snookIe comeback again and again.

DRINKS
M...................... Php 65.00
Chuckie Tea
with Tapioca L....................... Php 75.00

M..................... Php 55.00


Lemon Drink
L...................... Php 65.00

SNACKS and
DESSERTS
Clubhouse 2 Slices Php 75.00
Mango Dip Mini Popsicle Cup Php 10.00
Banana Fritters Piece Php 7.00
Potato Cheese Rolls Piece Php 25.00

HANDMADE
CRAFTS

Wine Bottled
Piece........ Php 100.00
Lamp

Winw
Bottled Piece........ Php 60.00
Display
Crafts n’ snookIe 27

Competition exists in the market in terms of price, quality, features and offerings etc. It is due to the
presence of rivals, that the price of products in a particular industry fluctuates. This is because the
customers have a number of options to select the product which offers the best possible value for
money. For Crafts n’ snookIe, it assesses that its competitors will be those
who are near at the location and those who offers similar products and services.
COMPETITORS STRENGTH WEAKNESS
• Satisfying and different flavors • Their products are expensive.
of tea. • They only have one branch and it
• It is popular in the province of is near to a church.
Ilocos Sur.
• It is already operating for more
than 2 years.
Zentea • Their products are satisfying.
• They have many customers.
• Workplace are very comfortable
to have some appointments.

• Known for its delicacious fruit • They cannot fit a lot of


teas and coffees. customers due to limited space.
• It has a good and calming • The price of the products is
environment. unreasonable or too expensive.
• It has pleasant surroundings
Infinitea especially for students and
stressed workers.
• Their main branch is grand and it
is situated in a good location
because it is along the highway
and near to the hotels.
• Pleasing to the eyes. • They branches could not
• Clean and Organized accommodate large number of
management. customers.
• Delicious and worth it products. • Lack of tables and chairs.
Lemonade • Open 24 hours.
• Accepts payments of bills.

• Ordered by higher staffs and • Time management


executives.
Guestel Canteen • It has a nice ambiance and can
- UNP carry a great number of
customers
Crafts n’ snookIe 28
• It is already operating for more • Their Products are a little bit
than six years. cheap.
Milo Stalls •

It is popular for the students.
It has many branches.
• Cleanliness of the workplace.

• Their products are satisfying.


• They serve customers through • Their products are not always
their drive through. available.
ROBINSON’s • They have more employees
working on each branch.
• The packaging is not attractive.
supermarket • They accept reservations of
orders.
• It is known in the Philippines. • They do not offer delicacies.
POTATO LOVER
SHOP
• Their location is efficient and it • Some of their products are much
is easily recognize by customers. expensive
Vigan Flower
Shop
• Popular in the whole country. • Limited orders.
• Pleasing to the eyes. • The area is narrow.
FLOWERIST •

Satisfaction Overload
Online Selling and have a good
spot.

DIFFERENCE OF THE PRODUCT TO


Other Products
The business sells snacks or desserts and handcrafts made by the management team. It is known
that chuckie marks our childhood like bringing it to class and many more, so the team decide to take

revive it again to create satisfaction to the customers and also for happiness. It has a tapioca pearls since

milktea is very trendy nowadays. Handcrafts are also featured in our business to recycle the used and

wasted wine bottles. The team will be making the plain wine bottled into a memorable and very precious

one especially for the people who loves art. This handcraft is for everybody and can be a design to their

houses.
Crafts n’ snookIe 29

Pricing
Knowing your costs of production, both fixed and variable, is the first step in pricing strategy.
Keeping good records for each item that you produce allows you to evaluate the profitability of each item
in your product. Crafts n’ snookIe hopes for a continuous growth of their
business to build more expansions and recieve higher profit. The team will secure and demonstrate their
different techniques and strategies which are effective in attracting customers and inviting them back to the
business. Some of these strategies has to do with the prices of the product.
Additional item of our products will be given to the customer who will order more than 5-8 any of the
snacks. Free shipping will also be given to the online buyer who can buy more than 10 crfats and snacks.
Customers will receive giftaways to every 30th person who will buy our products. The management team
will also have to create combo meals and budget friendly bundles. This will be helpful to the customers
who have limited money to spend for food and to the students. The amazing and satisfying bundles can be
grabbed by families or group of people who want to celebrate or hanf-out.
Management team will ensure every customers to make happy when they order. Special Occassions
like Christmas and New Year will be very exciting and enjoying as they can get any item for the raffle
draw. Social Media will be used to update customers for new product and price.

demand
Demand analysis is one of the important consideration for a variety of business decisions like
determining sales forecasting, pricing products/services, marketing and advertisement spending,
manufacturing decisions, expansion planning etc. Demand analysis covers both future and retrospective
analysis so that they can analyse the demand better and understand the product/service's past success
and failure too.

Crafts n’ snookIe will acquire the supplies from different distributor.


Two Brothers, JTC and Vigan City Public Market are the grocery stores to be get hold of for the recipes
to be used. The wine bottles will be collected at Abra, Ilocos Sur and transfered in Vigan City for the
comfortability in making the crafts. Different materials like cooking devices and art materials will be
provided by the management team. Containers and paper bag will be brought in Vigan City Public
Market.
Crafts n’ snookIe 30
The main branch is located inside the University of Northern Philippines in Tamag, Vigan City. As
the business can take online orders from different municipalites that is mentioned in the Location part,
the management team will acommodate and take care of the customers as much as they can. In addition,
the business is willing for any purchasement with different businessman or businesswoman.
CHAPTER IV
General Business Condition

Plan Layout

Process Chart

Service Process

Materials and Equipment


Crafts n’ snookIe 32

This chapter focuses on the things about needed in the


TECHNICAL business and the process that is done. It includes the general
Aspect business conditions, plan layout, service process, and the
materials and equipment.

General Business Condition

These general business conditions are used to regulate all mutual obligations, rights and
responsibilities between any operations and its employees. It discusses the rules and conditions that shall be
utilized in the business. Any eventual resignation from these general business conditions or deviations from
these conditions is valid only if the supplier confirms it in a writing form, but this does not affect the validity
of the remaining provisions of these general business conditions, which do not change even in case of
confirmed agreement about resignation. The following are the business conditions of
Crafts n’ snookIe :

1 3
Any offers, conclusions of contract as well as Delivery periods and delivery dates shall only be
additional agreements are subject to these fixed without obligation. Delivery period begins at the
General Conditions. These shall also be applicable day of acceptation of order, however, not before all
even if they are not referred to in the future in the details with respect to execution of the order have been
event of permanent business relations. Once our settled. If dispatch is possible without our fault the
written confirmation has been accepted, these terms delivery period and the date of delivery shall be regarded
shall be considered as agreed. In the case of as having been observed.
deviations a written confirmation shall be required and
shall otherwise be without obligation. 4
No matter what the business or the size of the
2 company, a basic rule of professional conduct is to act with
Dispatch shall always be effected subject to integrity at all times, particularly when doing something
order and at the customer’s expense. Unless otherwise that outwardly represents the business for which you work.
stipulated, the seller shall choose the means of Be honest and straightforward in business dealings and do
transport and the way of transport, not including any things by the book; keep your professional word and don't
liability for possible faults on the part of the company do business in a cutthroat manner.
in charge.
Crafts n’ snookIe 33

5 9
Never give preferential treatment to clients Kitchen shall be constructed, illuminated, ventilated,
because of a personal relationship or allow an and well maintained in terms of cleanliness and sanitation.
employee perks over another just because he happens Comfort rooms and toilets shall be in areas having no direct
to be your Saturday morning golf buddy. It is
connection to the kitchen or workplace where products are
important to act fairly in business, because once you
give the impression that you are prone to favoritism, manufactured, prepared, or displayed.
particularly among staff, you instantly lose
credibility. Maintain your sense of impartiality when 10
dealing with professional matters. Hair should be relatively secured at all times. This
can mean that kitchen staff should wear hair nets or hats,
6 and servers should have ponytails and trimmed hairstyles.
Business shall require, permit, or even hire No matter what, hair must be clean and out of the way –
any person affected or suffering from any contagious and away from food. Facial hair should also look freshly
or infectious disease including physical ailments or groomed, not only for the sake of appearance but also for
injuries to participate in any work from the product hygiene.
manufacturing to the distribution in order to maintain
a healthy status on both employee population and 11
clients as well.
The biggest issue for today’s employers is the use
7 of cell phones while on duty. As a restaurant owner/
Ingredients thereof shall be stored, handled, operator, you must implement this policy and strictly
transported and kept so as to them form spoilage, adhere to it. Many owners find it helpful to post a big sign
contamination, and disease-causing bacteria. Boxes in the kitchen that reads “Phone use is strictly prohibited
and other receptacle or containers for storing, receiv- while on duty.” Others ask their employees to keep their
ing, or handling of products shall be placed and
cell phones in their lockers and are permitted to check
stored to places beyond the reach of contamination
their phones on their breaks. You must have this policy
from sidewalk pedestrians, animals, and automated
written clearly in your employee handbook and signed by
vehicles to maintain a clean and sanitary business
environment. each employee so that they understand the violation and
consequences of using their phone while on duty.

8
12
All employee even walk-in clients within the produc-
tion areas shall observe sanitation which includes Park only in the areas designated by your management..
wearing proper garments, hand washing, and keeping
on protocol. After work, there shall be a meeting or
finalizing and settling materials to be used for the
other day.
Figure 6.0 Parking Area
Crafts n’ snookIe 34

EMERGENCY EXIT

OFFICE
BREAK
ROOM
PANTRY
KITCHEN
COMFORT ROOMS
COUNTER

TABLES TABLES
TABLES
TABLES

ENRANCE
Figure 7.1 The Business Plan Layout
( This Layout was edited in AUTOCAD)

2 5 8
1 1 3
BREAK
9
ROOM
4 4 4
6 4 10
PANTRY

KITCHEN

7 7 COUNTER

Figure 7.2 The Kitchen,, Pantry and Counter

1 Gas Stoves 6 Finished and Cooked Orders


2 Electric Cooling Rack 7 Receiving Area
3 Sink 8 Sofa
4 Fridge and Deep Freezer 9 Air Conditioner
5 Curtain 10 Windows
Crafts n’ snookIe 35
1 2 Chairs Table
2 4 Chairs Table
3 6 Chairs Table Figure 7.3 The Counter and Tables
4 Air Conditioner
COUNTER
4 1 3
TABLES TABLES
1 TABLES
2 2 1 TABLES
2 4 4
1 1
4

OFFICE 1 Manager’s Table


2
2 Assistant Manager’s Table
3 Telephone
1
Figure 7.4 The Office

Figure 7.5 The Projected Exterior of the Business

Figure 7.6 The Projected Interior of the Business


Crafts n’ snookIe 36

MANGO DIP
BANANA Fritters MINI POPSICLE
1. In a mixing bowl, combine the milk and 1. Peel the mangoes using a spoon scoop the
bananas. Sift in the flour, salt, and baking fleshy part and leave the seed. Then take a
powder. Thoroughly mix in the eggs and toothpick and stick it to the carved out
margarine. mango flesh leaving at least half of the
2. Heat the oil.
toothpick visible. Set aside.
2. Using a mixing bowl, put a generous
3. Carefully place spoonful's of the mixture amount of chocolate (one time per flavor),
into the hot oil and fry until brown. Flip the and using the hot bath method melt the
fritter and continue to brown. Remove fritters chocolates. Then, take it out of heat and set
from the oil and drain on paper towels. Dust aside to cool down to room temperature.
the fritters with confectioners' sugar and 3. Then, get the mangoes and dip them on the
serve while warm. melted chocolate and sprinkle mini mallows
on top. Put them on a tray and chill them in
the refrigerator.

POTATO CHEESE
CLUBHOUSE ROLL
1. Toast the bread slices. Lay 3 pieces of 1. Boil potatoes in a medium pot until very
bread and spread a tablespoon of Lady’s tender, about 20 minutes. Drain and place in a
Choice Ham Spread on one side of the 1st large bowl.
and 3rd slice, and a tablespoon on both 2. Mash the potato using a fork until very
sides of the 2nd slice of bread evenly. smooth. Season with salt and pepper.
2. Top the 1st slice (mayonnaise-side up) 3. Scoop out 2 tablespoons mashed potatoes.
with lettuce, tomatoes, and bacon then Place a cheese cube in the center. Shape into a
cover with the 2nd slice. Top with lettuce, oblong enclosing cheese. Repeat with
cucumber, ham, and egg then cover with remaining ingredients.
the 3rd slice (mayonnaise-side down). 4. Roll in breadcrumbs and place on a parchment
3. Press the sandwich lightly then slice into 4 paper-lined baking tray.
triangular portions. Secure with toothpicks 5. Fry until golden brown.
and serve.
Crafts n’ snookIe 37

CHUCKIE TAPIOCA LEMONADE


1. Pour 250 ml of All-Purpose Cream in a deep 1. In a small saucepan, combine white sugar
bowl. and water. Bring to a boil and stir till sug-
2. Add 300 ml of condensed milk. ar is dissolved. Allow the mixture to cool
to room temperature, then cover and re-
3. Add one tablespoon of cocoa powder and frigerate until chilled.
mix it evenly with the mixture. 2. Take a couple of your lemon fruit and cut
to half and extract the juice. Then remove
4. Mix the two mixture combined. the seeds from the juice, but leave the
5. Add tapioca pearls into the bottom of the pulp.
serving bottle you want to use. 3. In a pitcher, jug, or any container, stir to-
gether the chilled syrup, lemon juice, and
6. Then fill it up with the Chuckie mixture. add some water with some thin-sliced
7. Seal it with the bottlecap then serve. lemons to garnish.

WINE BOTTLE WINE BOTTLE


LAMP DISPLAY
1. Cut wine bottle. 1. Wash the wine bottle and let it dry. Apply
2. Put stickers or cut file with sayings or a mixture of glue and water over the bot-
different figures. tle.
3. Paint it with dark color/s. 2. Cover the bottle with tissue paper and re-
4. Remove the sticker or cut file for the peat the similar procesa until the whole
design to appear. bottle is covered.
5. You can be resourceful and use any 3. Start making your design using patterns or
type like small unused flashlights shapes, or desired layout by sticking a
which can fit in the bottle or Christ- modeling clay over the bottle with a glue.
mas lights. 4. Paint the wine bottle or the layout design
6. Glue it inside. to the desires color using acrylic paints
7. Open the lights to see the effects of and paint brush, let it dry.
the figures and phrases on the bottle.
Crafts n’ snookIe 38

6
2

5 3

Figure 8.0 The Process Chart

1 4

2 5

3 6
Crafts n’ snookIe 39

The materials and equipments below will be needed for the preparing and cooking the products of the
business. The management team will make sure that they will acquire high quality materials and
equipments to make sure that it will last and will contribute in making the best of the products which will
be served to the customers. Some of these weren’t mentioned in the process chart for may it will be use if
needed and available.
Materials for Snacks and Drinks

Measuring Spoon Measuring Cup Mixing Bowl


Measuring spoon is used to measurethe Measuring cup is used to measure the It is a deep bowl or round container,
specific amount of ingredients that can volume of liquid or solid cooking actually larger than a soup bowl, which
either be liquid or dry. It plays an ingredients for the product, like is particularly well suited for mixing
important role in measuring the proper cornstarch, sugar, coconut milk, ingredients together. It is used as the
amount of sugar for the toppings of the squash, evaporated and condensed container of the coconut flakes in
product and for other related undertakings. milk, and water in or to obtain the getting the coconut milk and in mixing
exact taste and consistency of the the cornstarch and evaporated milk.
product.

Chopping Board Knife


Chopping or cutting board is a Knives is used in cutting the squash Mixer
durable board on which to place into thin squares before it will be A mixer is a kitchen device that uses a
material or ingredients for cutting boiled. It must be sharpened in order gear-driven mechanism to rotate a set
and is commonly made out of wood. for it to cut the food or ingredients of "beaters" in a bowl containing the
It is used in the process of slicing the smoothly. ingredients to be prepared by mixing
squash and banana. them.

Frying pan is a flat-bottomed


pan usually used for frying. It is
Tongs are a type of tool used to
used in cooking the toppings of
grip and lift the food instead of
the product by adding water,
holding them directly with
Frying Pan banana, and brown sugar into Tong hands.
it.
Crafts n’ snookIe 40

Cooking Pot Lemon Squeezer Spatula


Cooking pot is deep rounded or A spatula is a broad, flat, flexible
A lemon squeezer is a small kitchen
cylindrical cookware, typically made blade used to mix, spread and lift
utensil designed to extract juice from
of metal, ideal for making soup, skew foods that is being cooked in the
lemons or other citrus fruits such as
in large amounts, and other food. It is oranges, grapefruit, or lime. It is designed frying pan.
used in boiling squash and in cooking to separate and crush the pulp of the fruit
the product at whole. in a way that is easy to operate.

Container
Ice Box Spoon and Fork Containers are boxes or cylindrical in
An ice box, or cooler, is a simple, Spoon and fork are kitchen utensils that
shape and usually made of plastic or
portable device for keeping food and are mostly made of metal or plastic.
metal. It is used for containing food,
drinks cold. A block or bag of ice is kept Spoons and forks are widely used in
ingredients, or liquids that is used for
in the cooler, along with food. The ice cooking and in serving too.
the product.
box is kept closed except for when
something is needed from inside of it.

Paper Wax Sticks


Tray Wax paper is paper that has been A toothpick or BBQ stick is a thin
Tray is a flat and shallow container or made moisture-proof through the wood stick used to hold pieces of
receptable usually made of plastic or metal. application of wax. It is used to food together. Barbeque sticks are
It is used for caryyin, holding, and wrap food for cold storage or even used while grilling or frying the
displaying food in the course of the line a pan for making something products.
business. like fudge.

Paper Cups Plastic Cups


A paper cup is a disposable cup made out of paper and Drinking cup is a small open container, usually with a
often lined or coated with plastic or wax to prevent liquid flat bottom and a handle, used for drinking from which
from leaking out or soaking through the paper. It is used you drink hot or cold drinks such as coffe and iced tea or
to hold the food or product that is being served to the fruits shakes.
customer.
Crafts n’ snookIe 41
Equipment for Snacks and Drinks

Blender Gas Stove


A blender is kitchen equipment used to mix, purée, or Gas stove is an apparatus in which electricity or a fuel used to
emulsify food and other substances. This is used in furnish heat, as cooking or warmth. You can also multitask in
making the fruit shakes and in mixing the ingredients. cooking because it may come with two burners. It is used in
cooking the majority of the products.

Materials for Crafts

Acetone String
Alcohol is a colorless, flammable
Empty Wine Bottles A string is a cord usually used to
chemical compound with a strong
It is a empty or used bottle of wines bind, fasten, or tie typically made of
odor. It is used to heat up the empty
that is made of glass. It is used as a fibers. It is used wrap the wine bottle
wine bottle and melts a portion of
based or body of the product that as a design or can be used to cut the
the bottle to be able to be cut in half.
will be designed or customized. bottle if its been deeped in alcohol.

Lighter
A lighter or match is a portable Glue Sticks
Glues are strong adhesive substances Stickers
device used to create a flame, and to used to bind together small pieces of A sticker is a type of label: a piece of
ignite a variety of combustible material or powders. printed paper, plastic, vinyl, or other
materials, such as gas stoves, material with pressure sensitive
fireworks, or candles. It is used to adhesive on one side. They can be
ignite the yarn deeped in alchohol. used for decoration or for functional
purposes, depending on the situation.

Clay Clay toy is a substance like clay that


is used for modeling and designing.
Crafts n’ snookIe 42

Paint
Paint is a colored substance which is spread over Scrapbook Materials
a surface and dries to leave a thin decorative or
protective coating. It is used to decorate the A scrapbook is a book of blank
product. pages for sticking clippings,

Equipment for Crafts

Glue Gun
LED
An electric gun-shaped device that heats up A light-emitting diode (LED) is a
cylindrical canisters of glue, and ejects the semiconductor light source that
hot glue when the trigger is squeezed. It is emits light when current flows
used for adhesive. through it. It is used to bring light in
the product.

Glass Cutter
Glass cutter is a type of cutter which
scores a line on a piece of glass,
allowing the glass to be snapped
along the line.
CHAPTER V
Source of Financing

Project Cost
Crafts n’ snookIe 44

This chapter will discuss the financial information of the


FINANCIAL company starting from year 2016. It will also show the
Aspect needed budget and sources of money will which be used in
building the main branch of
Crafts n’ snookIe

Source of Financing
The business will be financed by the profit of the company with the total of Php 20,000,000.00 that
was earned since the beginning of the partnership of four individuals in 2014. The company already owns
one branch in Tamag, Vigan City, Ilocos Sur and entertaining online buyers. The partners also invested Php
5,000,000.00 for a total of Php 20,000,000.00, engaged to a loaning process from their family and close
friends and from their personal savings.

Project COST
The proposed project is estimated to incur a start-up cost of Php 16,087,101.20. This amount will be
spent on property, equipment, materials, facilities, inventories, taxes and license.

ACCOUNTS NOTE AMOUNT


Cash 1 10,000,000.00
Inventories 2 29,289.20
Property, Machineries,
1 5,880,812.00
Equipment and Tools
Furniture and Fixtures 1 147,000.00

Permits and License 30,000.00


TOTAL PROJECT COST 16,087,101.20
Crafts n’ snookIe 45

Notes 1 Cash
CASH BEGINNING 18,000,000.00
Inventories 14,644.60
Property, Machineries, Equipment and Tools 5,880,812.00
Furnitures and Fixtures 147,000.00
Permits and License 30,000.00
Cash, End 11,927,543.40
Notes 2
Inventories
INVENTORIES
ITEM UNIT QUANTITY UNIT COST TOTAL COST
Milk Liter 3 80.00 240.00
Bananas Kilo 5 70.00 350.00
Flour Kilo 10 15.00 150.00
Salt Kilo 1 20.00 20.00
Baking Powder Kilo 1 95.00 95.00
Egg Piece 100 8.00 800.00
Butter Gram/Piece 1000/5 60.00 300.00
Cooking Oil Liter 2 70.00 140.00
Sugar Kilo 5 60.00 300.00
Condensed mL/Piece 500/20 40.00 800.00
Milk
String Piece 5 10.00 50.00
Acetone/ Liter 1 69.00 69.00
Alcohol
Stickers Piece 10 60.00 600.00
Cut File Piece 10 100.00 1,000.00
Paint mL/Piece 250/20 20.00 400.00
Glue mL/Piece 500/5 50.00 250.00
Crafts n’ snookIe 46
Lights Piece 10 25.00 250.00
Slice Bread Piece 20 45.00 900.00
Lettuce Kilo 5 40.00 200.00
Tomato Kilo 5 30.00 150.00
Cucumber Kilo 5 50.00 250.00
Cheese Gram/Piece 990/6 48.50 291.00
Tuna Flakes Gram/Piece 1000/5 65.00 325.00
Mayonnaise mL/Piece 1,400/2 257.30 514.60
Potatoes Kilo 5 40.00 200.00
Onions Kilo 5 20.00 100.00
Carrots Kilo 5 80.00 400.00
Black Pepper Piece 200 1.00 200.00
Tapioca Pearl Kilo 1 120.00 120.00
Evaporated Milk mL/Piece 8,200/20 39.00 780.00

All-Purpose Cream mL/Piece 300/10 50.00 500.00

Cocoa Powder Grams/Piece 1,050/3 140.00 420.00


Brown Sugar Grams/Piece 1000/5 60.00 300.00
Chuckie mL/Piece 350/20 30.00 600.00
Lemon Kilo 10 80.00 800.00
Honey Liter 5 100.00 500.00
Ripe Mango Fruit Kilo 10 65.00 650.00

White Chocolate Kilo 3 90.00 270.00

Dark Chocolate Kilo 3 90.00 270.00

Mini Marshmallows Pack 2 45.00 90.00

TOTAL INVENTORIES 14,644.60


Crafts n’ snookIe 47

Notes 3 Property, machineries, equipment and tools


ITEM UNIT QUANTITY UNIT COST TOTAL COST
Land 300sqm 1 3,000,000 3,000,000
Building 200sqm 1 2,500,000 2,500,000
Service Vehicle Piece 1 250,000 250,000
Refrigerator Piece 2 12,789 12,789
Bread Toaster Piece 2 8,000 8,000
Burner Stove Piece 2 3,170 6,340
Gas Piece 2 650 1,300
Electric Mixer Piece 1 799 799
Fire Extinguisher Piece 2 1,250 2,500
Ice Cube Molder Piece 1 14,256 14,256
Air Conditioner- Piece 2 18,998 37,996
Split Type
Air Conditioner- Piece 1 6,299 6,299
Portable
Water Dispenser Piece 1 2,405 2,405
Television Piece 1 4,849 4,849
Sound System Piece 1 689 689
CCTV Set 1 4,299 4,299
Kitchen Knife Set 2 529 1,058
Chopping Board Piece 3 139 417
Cooking Pot Set 1 1,995 1,995
Frying Pan Set 1 1,299 1,299
Bowl Set 3 466 1,398
Mixing Bowl Set 2 238 476
Basin Strainer Set 1 195 195
Ladle Set 3 489 1,467
Plates Set 10 800 8,000
Small Plates Set 13 135 1,755
Crafts n’ snookIe 48
Fork Set 12 239 2,868
Spoon Set 12 239 2,868
Glass Set 10 300 3,000
Mug Set 5 299 1,495
TOTAL MACHINERIES, EQUIPMENTS, AND TOOLS 5,880,812.00

Notes 4 FURNITURES AND FIXTURES


ITEM UNIT QUANTITY UNIT COST TOTAL COST
Tables Piece 20 1,200.00 24,000.00
Office Table Piece 3 3,000.00 9,000.00
Hanging light 4,000.00
Piece 10 400.00
and light bulbs
Painting above 20,000.00
Piece 5 4,000.00
the cabinet
Chairs Set 20 3,000.00 60,000.00
Vases Piece 5 1,500.00 7,500.00
Stock Cabinet Piece 3 4,500.00 13,500.00
Locker Piece 3 3,000.00 9,000.00
TOTAL FURNITURES AND FIXTURE 147,000.00
Crafts n’ snookIe 49

ARgon TENN Bah-Saw Co.


Statement of Profit or Loss
For the Year Ended of December 31, 2014
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Net Sales 750,000 775,000 780,000 790,000 3,095,000
Cost of Sales
Inventory, Beg 45,000 55,000 55,000 58,000 45,000
Purchases 500,000 600,000 650,000 675,000 2,425,000
Inventory, End 55,000 60,000 65,000 60,000 60,000
Cost of Sales 350,000 375,000 390,000 400,000 1,515,000
Gross Profit 325,000 350,000 375,000 380,000 1,430,000
Operating Expenses
Salaries Expense 200,000 200,000 200,000 200,000 800,000
Rent Expense 50,000 50,000 50,000 50,000 200,000
Utilities Expense 30,000 30,000 30,000 30,000 120,000
Depreciation Expense 10,980.50 10,980.50 10,980.50 10,980.50 43,922
Total Operating Expenses 290,981 290,981 290,981 290,981 1,163,922
Operating Income 208,000.95 209,789.75 209,899.65 209,899.65 837,590
Income Tax 82,979.55 81,190.75 81,080.85 81,080.85 326,332
Net Income 165959.1 162381.5 162161.7 162161.7 652,664

ARgon TENN Bah-Saw Co.


Statement of Financial Position
For the Year Ended of December 31, 2014
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Assets
Current Assets
Cash 745,899.75 765,784.75 777,777.65 788,345.85
Inventories 55,000 60,000 65,000 60,000
Total Current Assets 800,899.75 825,784.75 842,777.65 848,345.85
Non-current Assets
Property, Plan and Equipment 98,456.75 98,677.85 99,874.36 99,874.36
Less; Accumulated Depreciation 10,986.98 10,986.98 10,986.98 10,986.98
Total Non-current Assets 87,469.77 87,690.87 88,887.38 88,887.38
Total Assets 888,369.52 913,475.62 931,665.03 937,233.23
Total Equity
Equity, End 700,000 700,000 700,000 700,000
Retained Earnings 264,678.75 275,689.85 286,567.50 294,987.60
Total Equity 964,679 975,690 986,568 994,988
Total Liabilities and Stockholder's Equity 964,679 975,690 986,568 994,988
Crafts n’ snookIe 50
ARgon TENN Bah-Saw Co.
Statement of Profit or Loss
For the Year Ended of December 31, 2015
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Net Sales 850,000 875,000 880,000 890,000 3,495,000
Cost of Sales
Inventory, Beg 55,000 65,000 65,000 68,000 55,000
Purchases 600,000 700,000 750,000 775,000 2,825,000
Inventory, End 655,000 70,000 75,000 70,000 70,000
Cost of Sales 450,000 475,000 490,000 500,000 1,915,000
Gross Profit 425,000 450,000 475,000 480,000 1,830,000
Operating Expenses
Salaries Expense 300,000 300,000 300,000 300,000 1,200,000
Rent Expense 60,000 60,000 60,000 60,000 240,000
Utilities Expense 40,000 40,000 40,000 40,000 160,000
Depreciation Expense 20,980.50 20,980.50 20,980.50 20,980.50 83,922
Total Operating Expenses 420,981 420,981 420,981 420,981 1,683,922
Operating Income 308,000.95 308,000.95 308,000.95 308,000.95 1,232,004
Income Tax 112,979.55 112,979.55 112,979.55 112,979.55 451,918
Net Income 225959.1 225959.1 225959.1 225959.1 903,836

ARgon TENN Bah-Saw Co.


Statement of Financial Position
For the Year Ended of December 31, 2015
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Assets
Current Assets
Cash 845,899.75 865,784.75 877,777.65 888,345.85
Inventories 65,000 70,000 75,000 70,000
Total Current Assets 910,899.75 935,784.75 952,777.65 958,345.85
Non-current Assets
Property, Plan and Equipment 108,456.75 108,677.85 109,874.36 109,874.36
Less; Accumulated Depreciation 11,986.98 11,986.98 11,986.98 11,986.98
Total Non-current Assets 96,469.77 96,690.87 97,887.38 97,887.38
Total Assets 1,007,369.52 1,032,475.62 1,050,665.03 1,056,233.23
Total Equity
Equity, End 800,000 800,000 800,000 800,000
Retained Earnings 364,678.75 375,689.85 386,567.50 394,987.60
Total Equity 1,164,679 1,175,690 1,186,568 1,194,988
Total Liabilities and Stockholder's Equity 1,164,679 1,175,690 1,186,568 1,194,988
Crafts n’ snookIe 51
ARgon TENN Bah-Saw Co.
Statement of Profit or Loss
For the Year Ended of December 31, 2016
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Net Sales 950,000 975,000 980,000 990,000 3,895,000
Cost of Sales
Inventory, Beg 65,000 75,000 75,000 78,000 65,000
Purchases 700,000 800,000 850,000 875,000 3,225,000
Inventory, End 655,000 70,000 75,000 80,000 80,000
Cost of Sales 550,000 575,000 590,000 600,000 2,315,000
Gross Profit 525,000 550,000 575,000 580,000 2,230,000
Operating Expenses
Salaries Expense 400,000 400,000 400,000 400,000 1,600,000
Rent Expense 70,000 70,000 70,000 70,000 280,000
Utilities Expense 50,000 50,000 50,000 50,000 200,000
Depreciation Expense 31,980.50 31,980.50 31,980.50 31,980.50 127,922
Total Operating Expenses 551,981 551,981 551,981 551,981 2,207,922
Operating Income 408,000.95 408,000.95 408,000.95 408,000.95 1,632,004
Income Tax 143,979.55 143,979.55 143,979.55 143,979.55 575,918
Net Income 287959.1 287959.1 287959.1 287959.1 1,151,836

ARgon TENN Bah-Saw Co.


Statement of Financial Position
For the Year Ended of December 31, 2016
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Assets
Current Assets
Cash 945,899.75 965,784.75 987,777.65 988,345.85
Inventories 75,000 80,000 85,000 80,000
Total Current Assets 1,020,899.75 1,045,784.75 1,072,777.65 1,068,345.85
Non-current Assets
Property, Plan and Equipment 208,456.75 208,677.85 209,874.36 209,874.36
Less; Accumulated Depreciation 20,986.98 20,986.98 20,986.98 20,986.98
Total Non-current Assets 187,469.77 187,690.87 188,887.38 188,887.38
Total Assets 1,208,369.52 1,233,475.62 1,261,665.03 1,257,233.23
Total Equity
Equity, End 11,100,000 11,100,000 11,100,000 11,100,000
Retained Earnings 23,464,678.75 23,375,689.85 23,386,567.50 23,3894,987.60
Total Equity 34,564,679 34,475,690 34,486,568 34,494,988
Total Liabilities and Stockholder's Equity 34,564,679 34,475,690 34,486,568 34,494,988
Crafts n’ snookIe 52

ARgon TENN Bah-Saw Co.


Statement of Profit or Loss
For the Year Ended of December 31, 2017
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Net Sales 1,250,000 1,975,000 1,980,000 1,990,000 7,195,000
Cost of Sales
Inventory, Beg 110,000 125,000 135,000 138,000 110,000
Purchases 1,100,000 1,200,000 125,000 1,275,000 3,700,000
Inventory, End 125,000 130,000 135,000 140,000 140,000
Cost of Sales 1,350,000 1,475,000 1,490,000 1,400,000 5,715,000
Gross Profit 1,325,000 1,450,000 1,475,000 1,480,000 5,730,000
Operating Expenses
Salaries Expense 1,100,000 1,100,000 1,100,000 1,100,000 4,400,000
Rent Expense 440,000 440,000 440,000 440,000 1,760,000
Utilities Expense 330,000 330,000 330,000 330,000 1,320,000
Depreciation Expenses 1,231,980.50 1,231,980.50 1,231,980.50 1,231,980.50 4,927,922
Total Operating Expenses 3,101,981 3,101,981 3,101,981 3,101,981 12,407,922
Operating Income 908,000.95 908,000.95 908,000.95 908,000.95 3,632,004
Income Tax 2,193,979.55 2,193,979.55 2,193,979.55 2,193,979.55 8,775,918
Net Income 4387959.1 4387959.1 4387959.1 4387959.1 17,551,836

ARgon TENN Bah-Saw Co.


Statement of Financial Position
For the Year Ended of December 31, 2017
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Assets
Current Assets
Cash 1,245,899.75 1,265,784.75 1,287,777.65 988,345.85
Inventories 575,000 580,000 585,000 580,000
Total Current Assets 1,820,899.75 1,845,784.75 1,872,777.65 1,568,345.85
Non-current Assets
Property, Plan and Equipment 908,456.75 908,677.85 909,874.36 909,874.36
Less; Accumulated Depreciation 100,986.98 100,986.98 100,986.98 100,986.98
Total Non-current Assets 807,469.77 807,690.87 808,887.38 808,887.38
Total Assets 2,628,369.52 2,653,475.62 2,681,665.03 2,377,233.23
Total Equity
Equity, End 21,100,000 21,100,000 21,100,000 21,100,000
Retained Earnings 33,464,678.75 33,375,689.85 33,386,567.50 33,3894,987.60
Total Equity 54,564,679 54,475,690 54,486,568 54,494,988
Total Liabilities and Stockholder's Equity 54,564,679 54,475,690 54,486,568 54,494,988
Crafts n’ snookIe 53
ARgon TENN Bah-Saw Co.
Statement of Profit or Loss
For the Year Ended of December 31, 2018
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Net Sales 1,550,000 2,175,000 2,180,000 2,190,000 8,095,000
Cost of Sales
Inventory, Beg 190,000 225,000 235,000 238,000 190,000
Purchases 1,200,000 1,300,000 135,000 1,375,000 4,010,000
Inventory, End 145,000 140,000 145,000 150,000 150,000
Cost of Sales 1,450,000 1,575,000 1,590,000 1,500,000 6,115,000
Gross Profit 1,425,000 1,550,000 1,575,000 1,580,000 6,130,000
Operating Expenses
Salaries Expense 1,300,000 1,300,000 1,300,000 1,300,000 5,200,000
Rent Expense 460,000 460,000 460,000 460,000 1,840,000
Utilities Expense 340,000 340,000 340,000 340,000 1,360,000
Depreciation Expense 1,531,980.50 1,531,980.50 1,531,980.50 1,531,980.50 6,127,922
Total Operating Expenses 3,631,981 3,631,981 3,631,981 3,631,981 14,527,922
Operating Income 925,000.95 925,000.95 925,000.95 925,000.95 3,700,004
Income Tax 2,706,979.55 2,706,979.55 2,706,979.55 2,706,979.55 10,827,918
Net Income 5413959.1 5413959.1 5413959.1 5413959.1 21,655,836

ARgon TENN Bah-Saw Co.


Statement of Financial Position
For the Year Ended of December 31, 2018
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Assets
Current Assets
Cash 1,345,899.75 1,365,784.75 1,387,777.65 1,288,345.85
Inventories 595,000 590,000 595,000 590,000
Total Current Assets 1,940,899.75 1,955,784.75 1,982,777.65 1,878,345.85
Non-current Assets
Property, Plan and Equipment 958,456.75 958,677.85 959,874.36 959,874.36
Less; Accumulated Depreciation 110,986.98 110,986.98 110,986.98 110,986.98
Total Non-current Assets 847,469.77 847,690.87 848,887.38 848,887.38
Total Assets 2,788,369.52 2,803,475.62 2,831,665.03 2,727,233.23
Total Equity
Equity, End 29,100,000 29,100,000 29,100,000 29,100,000
Retained Earnings 34,464,678.75 34,375,689.85 34,386,567.50 34,3894,987.60
Total Equity 63,564,679 63,475,690 63,486,568 63,494,988
Total Liabilities and Stockholder's Equity 63,564,679 63,475,690 63,486,568 63,494,988
Crafts n’ snookIe 54
ARgon TENN Bah-Saw Co.
Statement of Profit or Loss
For the Year Ended of December 31, 2019
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Net Sales 1,650,000 2,275,000 2,280,000 2,290,000 8,495,000
Cost of Sales
Inventory, Beg 290,000 325,000 335,000 338,000 290,000
Purchases 1,500,000 1,700,000 175,000 1,775,000 5,150,000
Inventory, End 155,000 150,000 155,000 150,000 150,000
Cost of Sales 1,650,000 1,775,000 1,790,000 1,800,000 7,015,000
Gross Profit 1,625,000 1,750,000 1,775,000 1,780,000 6,930,000
Operating Expenses
Salaries Expense 1,700,000 1,700,000 1,700,000 1,700,000 6,800,000
Rent Expense 660,000 660,000 660,000 660,000 2,640,000
Utilities Expense 540,000 540,000 540,000 540,000 2,160,000
Depreciation Expense 1,631,980.50 1,631,980.50 1,631,980.50 1,631,980.50 6,527,922
Total Operating Expenses 4,531,981 4,531,981 4,531,981 4,531,981 18,127,922
Operating Income 1,025,000.95 1,025,000.95 1,025,000.95 1,025,000.95 4,100,004
Income Tax 3,506,979.55 3,506,979.55 3,506,979.55 3,506,979.55 14,027,918
Net Income 7013959.1 7013959.1 7013959.1 7013959.1 28,055,836

ARgon TENN Bah-Saw Co.


Statement of Financial Position
For the Year Ended of December 31, 2019
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Assets
Current Assets
Cash 1,445,899.75 1,465,784.75 1,487,777.65 1,588,345.85
Inventories 695,000 690,000 695,000 690,000
Total Current Assets 2,140,899.75 2,155,784.75 2,182,777.65 2,278,345.85
Non-current Assets
Property, Plan and Equipment 1,058,456.75 1,058,677.85 1,059,874.36 1,059,874.36
Less; Accumulated Depreciation 140,986.98 140,986.98 140,986.98 140,986.98
Total Non-current Assets 917,469.77 917,690.87 918,887.38 918,887.38
Total Assets 3,058,369.52 3,073,475.62 3,101,665.03 3,197,233.23
Total Equity
Equity, End 59,100,000 59,100,000 59,100,000 59,100,000
Retained Earnings 35,464,678.75 35,375,689.85 35,386,567.50 35,3894,987.60
Total Equity 94,564,679 94,475,690 94,486,568 94,494,988
Total Liabilities and Stockholder's Equity 94,564,679 94,475,690 94,486,568 94,494,988
Crafts n’ snookIe 55

Crafts n’ snookIe
Projected Income Statement
For the Years Ended of December 31, 2020-2024
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Net Sales 5,650,000 6,275,000 6,280,000 6,290,000 24,495,000
Cost of Sales 900,000 950,000 970,000 980,000 1,290,000
Gross Profit 4,750,000 5,325,000 5,310,000 5,310,000 23,205,000
Operating Expenses 980,900 980,900 980,900 980,900 980,900
Operating Income 3,769,100.00 4,344,100.00 4,329,100.00 4,329,100.00 22,224,100.00
Income Tax 1,884,550.00 2,172,050.00 2,164,550.00 2,164,550.00 11,112,050.00
Net Income 1,884,550.00 2,172,050.00 2,164,550.00 2,164,550.00 11,112,050.00

ARgon TENN Bah-Saw Co.


Projected Income Statement
For the Years Ended of December 31, 2020-2024
Year 2020 Year 2021 Year 2022 Year 2023 Year 2024
Net Sales 25,000,000 25,500,000 25,700,000 25,800,000 26,000,000
Cost of Sales 5,280,000 5,480,000 5,670,000 5,770,000 5,800,000
Gross Profit 19,720,000 20,020,000 20,030,000 20,030,000 20,200,000
Operating Expenses 1,234,500 1,234,500 1,234,500 1,234,500 1,234,500
Operating Income 18,485,500.00 18,785,500.00 18,795,500.00 18,795,500.00 18,965,500.00
Income Tax 9,242,750.00 9,392,750.00 9,397,750.00 9,397,750.00 9,482,750.00
Net Income 9,242,750.00 9,392,750.00 9,397,750.00 9,397,750.00 9,482,750.00
CHAPTER VI
Benefit to the Economy

Benefit to the Government

Benefit to the Community

Benefit to the Customers

Benefit to the Employees

Benefit to the Partners


Crafts n’ snookIe 57

This chapter presents the connection of the business to


Socio-economic the world around it. It will discuss the benefits that the busi-
Aspect ness could offer and give to the economy, government, com-
munity, customers, employees and partners.

Benefit to the
Business is always interconnected to economy since it involves managing finances that is expected to
contribute highly to the economy. This is possible when the business becomes a great supporter and
contributor likewise. Supporter in terms of offering employment to concerned individuals, and contributor
in terms of proper and regular tax payments.

Benefit to the
The national budget of a country collects taxes from individuals and businesses as well. For every
quarter of the year, the operating income of Crafts n’ snookIe allots thirty percent
from sales for tax payment for the government. This shows that businesses make such an impact that it can
help lessen unemployment rates while earning profits from which owners, employees, and the government
benefit from.

Benefit to the
The community does not only define the place where a business establishment is located but it also
includes residents and people surrounding it. Businesses must be responsible enough to adjust with their
operations, and respect policies and regulations of their area especially with permits considering the health
of the people and the environment as well. Also, ingredients and materials needed for product
manufacturing will be assured to be bought from local markets to also promote and support fellow
businesses as long as they are available. In this way, the business prospers while helping others prosper.
Crafts n’ snookIe 58

Benefit to the
C ustomers keep any business alive and are very vital in its existence. This fact alone gives the
responsibility to businesses to provide services and product qualities that are worth every peso. To meet the
clients’ satisfaction must always be the daily goal followed by warm accommodation and good manners
while dealing with them. Always remember to keep the humility and trust towards every client in order to
maintain a standard reputation in the industry.

Benefit to the
Owners own but employees run the business. They are the manpower and the steam that keeps the
engine going in relation to business. Employees deserve to be treated fairly and justly because a business
is crippled without them, that is why employees must be guaranteed with proper and regular salary and of
course all necessary benefits that they have to be given. They must also be protected and the business will
also serve as a field where they will be taught and nurtured in order for them to obtain skills and
knowledge for them to standout in their line of work.

Benefit to the
The partners are the building blocks of business since they are the ones responsible for marketing
products to farther ends. Therefore, all business partners must acquire benefits. This will be from a
monthly salary that they will receive other than their share from the net income which will be equally
divided quarterly. Also, they will benefit from future business investments.
CHAPTER VII
Articles of Partnership

Product Costing

Vicinity Map

Location

Curriculum Vitae
Crafts n’ snookIe 60

Articles of Partnership
of
ARgon TENN Bah-Saw Co.
KNOW ALL MEN BY THESE PRESENTS:
That we, the undersigned, residents of the Republic of the Philippines have agreed to a limited
partnership under the terms and conditions herein set forth and subject to provisions of the Republic of the
Philippines.
AND WE HEREBY CERTIFY:
ARTICLE I. The name of the partnership shall be: ARgon TENN Bah-Saw Co.
ARTICLE II. The names, citizenship, and residence of the partners of the said partnership are as
follows
Name Citizenship Residence
Nathaniel Rabilas Filipino Tamorong, Sta. Catalina, Ilocos Sur
Wren Karl Dungalen Filipino Poblacion, Quirino, Ilocos Sur
Maria Angela Borbon Filipino San Juan,Abra
Mark Joshoa Cadaoas Filipino Caoayan, Ilocos Sur

ARTICLE III. The term of existence of partnership shall be fifteen (15) years from and after the
execution of these articles. It is renewable for another fifteen (15) years if the partners decide to extend the
term of partnership. However, when one of the partners disagree to renew their term of partnership, then it
shall be dissolved.

ARTICLE IV. The purposes to which said partnership is formed are as follows:
To engage in business mainly related in food and crafts.
To reach out places through branch extensions.
To help people in need through charity programs.
Crafts n’ snookIe 61
ARTICLE V. The capital of this partnership is four hundred thousand pesos (Php 20,000,000) in
cash, broken down, in contributions, as follows:
Name of Partner Financial Contribution
Nathaniel Rabilas Php 5,000,000.00
Wren Karl Dungalen Php 5,000,000.00
Maria Angela Borbon Php 5,000,000.00
Mark Joshoa Cadaoas Php 5,000,000.00
ARTICLE VI. The partners shall withdraw the 50% of the profit quarterly and the remaining 50%
of the profit shall be earned for future investments and expansions of the business.

ARTICLE VII. The profit and losses will be equally divided among the partners.

ARTICLE VIII. The remaining general partners shall have the right to continue the business in
certain cases such as death, retirement, insanity, and lack of managerial capability of a general partner.

ARTICLE IX. The firm shall be under the management of Mr. Nathaniel Rabilas, General Man-
ager, and he shall be in charge of the management and affairs of the partnership.

ARTICLE X. The partners shall withdraw a minimum amount of Php 8,000.00 every month as
compensation. This may increase depending on what the general partners have decided.

ARTICLE XI. The partners shall exert their best efforts as their service on half of the partnership.
A decision in the partnership shall be made by unanimous votes.

IN WITNESS HEREOF, we have hereunto set our hands on this 23rd day of March, 2014 at
Vigan City, Ilocos Sur, Philippines.

NATHANIEL GENESIS I. RABILAS WREN KARL DUNGALEN

MARIA ANGELA BORBON MARK JOSHOA CADAOAS


Crafts n’ snookIe 62

PRODUCT SIZE PRICE


Chuckie Tapioca M 65
L 75
Lemonade M 55
L 65
Add Ons:
Strawberry 15
Yakult 15
Potato Cheese Roll Piece 25
Banana Fritters Piece 7
Mango Dip Cup 10
Clubhouse 2 Slices 75
Wine Bottle Lamp Bottle 100
Wine Bottle Display Bottle 60
Crafts n’ snookIe 63

Proposed location of Crafts n’ snookIe


MAIN BRANCH
400sqm lot
Inside the University of Northern Philippines, Tamag, Vigan City,
Ilocos Sur
Beside Kannawidan Grounds, Tamag, Vigan City Ilocos Sur
In Front of UNP Town Center, Tamag Vigan City, Ilocos Sur
NATHANIEL GENESIS I. RABILAS
Personal Profile
Date of Birth: January 10, 2002
Place of Birth: Tamorong, Sta. Catalina, Ilocos Sur CONTACT
Age: 18
Citizenship: Filipino Gmail: rabilasnathaniel0@gmail.com
Marital Status: Single
Religious Affiliation: Roman Catholic Phone no.: 0906-067-7406
Zodiac Sign: Capricorn
Facebook: Nathaniel Genesis
Family Background
Father's Name: Gregory Rabilas
Mother's Name: Nieves Rabilas
Father's Occupation: Missionary
Mother's Occupation: Volunteer Office Worker PERSONAL SKILLS
Siblings: Noemi Grace Rabilas
Nympha Gemariah Rabilas • Determined, Driven and Dedicated
Neriah Giddel Rabilas • Energetic and attractive
Nethaniah Gaddiel Rabilas performance
Natalie Gabrielle Rabilas • Attention to detail and accuracy
Educational Background • Good Technical skills and
computer literate
Secondary • Coordinate multiple projects
SENIOR HIGH SCHOOL simultaneously
Track: Academic • Effective communication and
Strand: Science, Technology, Engineering and Mathematics, presentation skills
University of Northern Philippines Tamag, Vigan City,
Ilocos Sur MOTTO
JUNIOR HIGH SCHOOL
Ilocos Sur National High School, Vigan City
Elementary “Never stop asking”
Bernardo P. Ragasa, Elementary School, Tamorong, Sta.
Catalina Ilocos Sur
ANGELA BORBON
Personal Profile
Date of Birth: December 27, 2002
Place of Birth: Sta. Ana, Manila CONTACT
Age: 17
Citizenship: Filipino Gmail: timy27.jb@gmail.com
Marital Status: Single
Religious Affiliation: Roman Catholic Phone no.: 0975-970-0853
Zodiac Sign: Capricorn
Facebook: Angela Borbon
Family Background
Father's Name: Rodel R. Borbon
Mother's Name: Maria Leonora R. Borbon
Father's Occupation: Private Employee
Mother's Occupation: Housewife PERSONAL SKILLS
Siblings: Seth Althea Borbon
Andrea Mae Borbon • Can Dance
Alisha Delle R. Borbon
• Can Sing
• Can play Musical Instruments
Educational Background • Critical Thinker
Secondary • Computer Literate
SENIOR HIGH SCHOOL • Can Adjust Easily
Track: Academic • Good Learner
Strand: Science, Technology, Engineering and Mathematics,
University of Northern Philippines Tamag, Vigan City,
Ilocos Sur MOTTO
JUNIOR HIGH SCHOOL
Divine World College of Bangued Abra
Elementary “Through God, all
San Juan Central School, San Juan Abra
things are possible”
WREN KARL DUNGALEN
Personal Profile
Date of Birth: October 23, 2001
Place of Birth: San Fernando City, La Union CONTACT
Age: 18
Citizenship: Filipino Gmail: wrenkarl123@gmail.com
Marital Status: Single Phone Number: 0928-843-3425
Religious Affiliation: Seventh-Day Adventist
Zodiac Sign: Scorpio Facebook: RenRen Dungalen
Twitter: @ren.ren1023
Family Background
Instagram: @DungalenWren
Father's Name: Warlie B. Dungalen
Mother's Name: Rhoda L. Dungalen
Father's Occupation: Farming
Mother's Occupation: Local Government Employee PERSONAL SKILLS
Siblings: Althea Krizza L. Dungalen
• Computer Literate
• Communication Skills in English,
Educational Background
Tagalog, and Ilokano
Secondary
• Critical Thinker
SENIOR HIGH SCHOOL
Track: Academic
Strand: Science, Technology, Engineering and Mathematics,
University of Northern Philippines Tamag, Vigan City, MOTTO
Ilocos Sur
JUNIOR HIGH SCHOOL “Yesterday is
Tirad View Adventist Academy, Cayus, Quirino, Ilocos Sur
History, Tomorrow is
Elementary a Mystery, But To-
Quirino Central School, Poblacion, Quirino,
Ilocos Sur
day is a that’s why
they call it Present’
MARK JOSHOA CADAOAS
Personal Profile
Date of Birth: February 10, 2002
Place of Birth: Caoayan, Ilocos Sur CONTACT
Age: 18
Citizenship: Filipino Gmail: cadaoasmarkjoshua@gmail.com
Marital Status: Single
Religious Affiliation: Roman Catholic Phone no.: 0935-438-0443
Zodiac Sign: Aquarius
Facebook: Mark Joshoa Cadaoas
Family Background
Father's Name: Bonifacio B. Cadaoas
Mother's Name: Juliet J. Cadaoas
Father's Occupation: Policeman
Mother's Occupation: Housewife PERSONAL SKILLS
Siblings: Janella J. Cadaoas
Francheska Ivy J. Cadaoas • Critical Thinker
• Computer Literate
• Can Adjust Easily
Educational Background
• Good Learner
Secondary
• Innovative
SENIOR HIGH SCHOOL
Track: Academic
Strand: Science, Technology, Engineering and Mathematics,
University of Northern Philippines Tamag, Vigan City,
Ilocos Sur MOTTO
JUNIOR HIGH SCHOOL
University of Northern Philippines Tamag, Vigan City,
Ilocos Sur “If you don’t believe,
Elementary
you won’t achieve”
Caoayan Central School, Don Lorenzo Querubin, Coayan
Ilocos Sur

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