Professional Documents
Culture Documents
Business Plan
For
Entrepreneurship
My business will initially operate home-based, and use social media (e.g.,
facebook and instagram) to showcase designs and actual personalized facemasks,
face shields, and alcohol sanitizers designs for ease of browsing and ordering.
Any customer will have the option to pick-up their orders or have it
delivered at their convenience.
Management and Personnel Feasibility
My primary strategy is to offer to the customers a variety of options for
choosing their own custom face masks, face shields, and alcohol sanitizers
designs. The customers may choose from the existing designs to make them feel
better, confident, and unique by wearing my products which is the COVID Safety
Kits. It will be a complete and whole set that they can used on their everyday
lives.
For my offered product for face masks are plain colors, designed, brand
inspired (e.g., channel, LV, dior, and Gucci), cartoon inspired, Disney inspired, and
customized. For face shields are plain and customized designs. For alcohol
sanitizers, it will be just an additional freebie.
For the promotion strategy of our products we use facebook Ads, flyers,
signboard and magazines. Since we all know that more promotions, more
customers will be encourage to buy my product. So I decided to invest a bit large
amount of money in my promoting strategy.
Production Feasibility
My COVID Safety Kits purpose is to offer the cheapest and good quality
products. My products uses 7-layered filters that is composed of inner layer soft
blended fabric that protects our tender skin. The products will be tested by the
Bacterial Filtration Efficiency (BFE).
Socio-Economic Feasibility
The mission of my company is to give and satisfy the wants and needs of
our customers.
The target market of my business are those who usually uses or needing it the
most. My customers are all the people around the world, especially those who are
in San Carlos City who needs it in their daily lives.
Project Implementation and Timetable
In the start-up summary of my expenses for the materials that needed to
buy for my products I make an inventory of the materials that I am going to buy. I
added all of my fonding expenses, investments and start up costs together.
Initial capitalization for the business is P190,500, good for one month
expense. The expected revenue for Year 1 is P2,286,000. While total cost of goods
sold in that year 1 will amount to P18,251,000.
Financial Projections
Since I can’t explain it in person, I added and made this financial
projections.
By these projections we can conclude that by just only a month we can have our
ROI or Return of Investments. Thus, we can tell that my business plan have a high
percentage of its success.