Professional Documents
Culture Documents
BUSINESS PROPOSAL
GROUP 1
ITM 401
INTRODUCTION
Everyone's mental health has suffered as a result of the COVID-19 Pandemic. From frontline
employees to the general public, the pandemic and consequent lockdown have made many
individuals apprehensive, stressed, and upset. There’s an application that can help people to
regain and having a healthy lifestyle. A mobile application that can assist individuals who have
suffered from mental illness in regaining their lifestyle. It aids in increasing their productivity as
well as maintaining a healthy lifestyle. This mobile application assists users in maintaining a
healthy lifestyle. People of all ages are welcome to use this application.
EXECUTIVE SUMMARY
The mobile application is a start-up business venture created by four persons to assist people in
living a healthy lifestyle. This business proposal will introduce the 'REDONE' smartphone
application. Gaming and social networking apps are two of the most widespread types of mobile
applications. However, our business concept will focus on and enable all people who desire to
live a healthy lifestyle. Our business is intended to provide people with satisfaction and to assist
those who have suffered from mental illness. Because our company is in the computer business,
there is no need for a large investment.
This application is clearly needed for a certain person in a market where current type of mobile
application is desperately needed by persons to restore their lifestyle after suffering from mental
health issues, specifically in this pandemic. We will ensure the security of our mobile application,
and any information acquired will be treated with the highest confidentially in accordance with
Republic Act 10173. (Data Privacy Act of 2012). We will offer our exceptional services,
accommodations, and responsibilities to those who use our mobile application, in addition to an
excellent people experience. Will be compatible with today's sensitivities and expectations of
perfection.
Our company competes with other highly mobile applications that also focus on lifestyle.
However, our mobile application has carefully blended a strategy that is unique to the people
who would use it. As a startup company, we expected our application to have problems and
receive bad criticism when it initially started, but we will improve in the following months so that
customers can have a better and more enjoyable experience with our application.
VISION
"Our vision is a community in which people's mental health is prioritized in this pandemic, and
individuals regain a healthier and better lifestyle."
MISSION
"Our mission is to provide and assist people in establishing a lifestyle that will allow them to live
a happy life."
PERFORMANCE TARGET
3 months 8 months
application Redone Redone (upgraded)
Team members 4 6
We plan to promote our app on Facebook for the first three months, and we expect to get ten
downloaders.
We plan to market it on Twitter and Instagram in 8 months, and we will enhance the application
based on comments received in the first three months. We also anticipated having 30
downloaders.
THE BUSINESS PROPONENT
Four members of the organization who are deemed student entrepreneurs are the business's
proponents. To ensure that the business runs smoothly. Our company requires competent
researchers and developers. We would undoubtedly desire a good mobile application that can
meet our business's aims.
We do not need resource mobilizers or financial backers in our business because it is computer-
related, and we are developing a mobile application. As a result, more enhancements should be
made to our business, particularly to the target customers.
JEROME ABARCA
267 Makisig St. Bacood Sta. Mesa Manila
Contact Number: 09217212503
Email: abarca.221475@stamea.sti.edu.ph
PROFESSIONAL SUMMARY
Developer in our group, grade 12 senior high school taking IT in mobile app and web development
at STI College Sta. Mesa. Honor Students.
Jerome is one of the excellent developers in our good as well in our section. He wants to focus
and help people who suffered from mental health. he is the one who come up with this mobile
application.
Our group's technology providers and applicators are the developer and project manager/leader.
They are the ones who are familiar with the technological components. They are the ones who
build the application that will appeal to the target audience. We require a developer and a project
manager in our group to build the plan mobile application.
The market currently operates at a level that indicates there are several inefficiencies.
The Redone has a vast potential that can be harnessed using appropriate strategies and
market changes. The market also needs to be expanded to ensure that every possible
customer has access to the Redone services.
There are three main segments of the Redone market. The first segment is the high school
segment. This segment deals with students who are in their teen ages. These segment
forms the business’ smallest target market. This is because some students at this level in
their education deal with a lot of stress and anxiety. This segment forms about 20% of the
total market size. Students can be convinced and encouraged to join this program in order
to improve their mental health and wellbeing.
The second segment of the market is the college students This segment targets young
people are in the higher institutions. These students form 30% of the total current market.
These students are second of the biggest beneficiaries of the Redone application. They
require the necessary help in their mental health because a mass experience a lot of
stress, anxiety and depression. Most of the college and university students experience a
lot of mental health problems and have trouble dealing with them.
The third segment is composed of individuals who are working and have a family. This
group accounts for about 50% of the total market. These are adults seeking to improve
their mental health while continuing and dealing with their daily life. They include
financially struggling individuals based in various places around the world. They pursue
this program with the objective of creating awareness and improving their mental
wellbeing. This target market is large since most people at this stage have dealt with a lot
of mental health problems and trauma.
Redone will help people who are finding difficulties in returning to their lives after
accomplishing rehabilitation. Because it also encourages other people to interact with the
victims of abuse and regain trust towards others.
The community chat feature will help users who want to make friends or ask questions
about the application. This will assist them in communicating with people who are in the
same situation as the users. This encourages users to communicate and share
information, which can improve the quality of their communication with one another.
This application will make them feel more at ease when it comes to choosing a trainer
who they believe is the best for the users because the application's goal is to help people
regain their previous lifestyle. This application prioritizes the users' mental health.
The users will have their own schedule, which will be announced by their trainer. It will
display the schedule within the application so that the user can easily access it. If the
schedule is time now, the app will notify you so that the user does not forget their time
schedule.
a. Income
The demand for goods and services also depends on the incomes of the people. The
greater the incomes, the greater their demand will be. However, the effect of change in
income on demand depends on the nature of the commodity under consideration. If a
specific good is a normal good, then an increase in income leads to rise in its demand,
while a decrease in income reduces the demand. But if the given commodity is an inferior
good, an increase in income will then reduce the demand, and a decrease in income leads
to rise in demand.
c. Number of consumers
The market’s demand for a good is influenced by adding up the individual demands of the
present as well as prospective consumers of a good at various possible prices. The greater
the number of consumers of a good, the greater the market demand for it. The increase
in consumers can happen when more and more favored substitute goods than a specific
commodity. Then the number of substitute’s buyers will rise. When the seller expands to
a new market to distribute goods, or when there is a growth in the population, the
demand for a specific good can also escalate.
e. Consumer’s expectation
Another factor which influences the demand for goods is consumers’ expectations with
regard to future prices of the goods. If the price of a certain commodity is expected to
increase in near future, the consumer will buy more of that commodity than what they
normally buy. In that situation, they won't have to pay a higher price in the future. If the
price of petrol is expected to rise in the next few days, people will rush for fuel. Similarly,
when the consumers expect that in the future the prices of goods will fall, then in the
present they will postpone a part of the consumption of goods with the result that their
present demand for goods will decrease.
B. Industry Dynamics
Main competitors
1. Moodfit
- a free mental health app with tools and insight meant to “shape up” your mood.
Similar to how you might decide to get into physical shape, this app is meant to
help you get into mental shape.
PROS
- Adaptable based on your goals
- Ability to track daily progress
- Visual insights with actionable exercises
- Daily reminders to keep you on track
- Customizable based on your needs and goals
CONS
- Lacks access to professional help
- May lead to self-diagnose
- Some advanced features have additional costs
- Tracking moods can be time-consuming
- Lack of progress may cause feelings of frustration
2. MoodMission
- an app meant to help people dealing with stress, anxiety, or depression. The app
recommends “missions” based on how the user is feeling.
PROS
- Developed by mental health professionals
- Supported by randomized-controlled trials
- In-app rewards to increase motivation
- Mood-boosting activities when you are low or anxious
- Evidence-based CBT activities for depression and anxiety
CONS
- Initial questionnaire can be overwhelming
- Options are limited to pre-selected "missions"
- Does not include access to professional help
- Requires regular use for increased personalization
- Some of the activity options may be time-consuming or difficult
3. Talkspace
- connects you with a licensed mental health professional so you can receive
therapy from your digital devices (computer, tablet, or smartphone). All of the
therapists at Talkspace have over 3,000 hours of clinical experience, and they’ve
been carefully trained to provide online therapy.
PROS
- Ability to talk to a licensed mental health professional
- Therapists can diagnose and treat different conditions
- Good range of available price options
- Numerous ways to communicate with your therapist
- Conversations are private and secure
CONS
- More expensive than some other apps
- Not appropriate for severe mental health issues
- Limited range of therapeutic approaches
- Therapist communication styles may not suit your needs
- Therapist evaluation surveys can be aggravating
PRODUCT OR
SERVICE OFFERING
B. Highlights of the product/service that would the most appeal to the target customers:
The trade insights report of Mental Wellbeing Program showcase measure investigations
variables impelling and ruining industry development between 2021-2026. Besides, it gives
measures to repress the dangers that have affected the trade sphere. The report too involves in-
depth data relating to future advertise prospects and current patterns to assist commerce
holders in defining techniques that can boost the benefit edges within the prospective years.
Proceeding assist, the record incorporates vital bits of knowledge relating to development rate
and advertise share projections of each advertise portion. Key companies impacting the industry
patterns have been inspected completely as well. In addition, the report considers the affect of
the covid-19 widespread on business elements universally and territorially to give distant
better;a much better;a higher;a stronger;an improved">a stronger understanding of
development prospects over the investigation time allotment.
ENTERPRISE STRATEGY AND ENTERPRISE DELIVERY SYSTEM
A. Enterprise Strategy
Mapping of competitive landscape
Leading players: Cerner , Epic Systems , MindLinc , Core Solutions , Netsmart Technologies ,
Nextgen Healthcare , Valant , Credible , Welligent and Qualifacts Systems
Basic information of listed companies, followed by listing of the products and services offered by
them along with their top applications and specifications
Market concentration ratio analysis
Manufacturing facilities of the manufacturers across the operational regions
Specifics such as sales graph, market share, returns, and pricing model of each contender
Recent developments, inclusive of expansion roadmaps, mergers & acquisitions
FINANCIAL FORECASTS
A. Computation of:
• Expected return on sales;
These are the expected expenses:
Services of the Application:
- Assistance on Employment= 50% x ₱200 = ₱100 + ₱200 = ₱300
- Assistance on Schooling = 50% x ₱150 = ₱75 + ₱150 = ₱225
- Spiritual Growth= 50% x ₱100 = ₱50 + ₱100 = ₱150
- Counseling= 50% x ₱150 = ₱75 + ₱150 = ₱225
- Charity= 50% x ₱100 = ₱50 + ₱100 = ₱150
- Medical Assistant= 50% x ₱250 = ₱125 + ₱250 = ₱375
Maintenance = ₱100.00
Cost of Servers (Per Month) = ₱369.14
50% of cost
•Expected return on assets/investments; and
-30% of cost
•Expected return on stockholders’ equity
-5% of sales
B. Risks
- Reputation Risk
A disgruntled customer, a product failure, bad press, or a lawsuit have all had the potential to
damage a company's brand name. However, the pace and scope of reputation risk has
increased because to social media. Utilize reputation management tactics to frequently monitor
what people are saying about the organization both online and offline to prepare for this
danger. Plan to respond to such remarks and assist in the rapid resolution of any issues. To
avoid litigation and product failures, keep quality in mind. (Boitnott, 2021)
- Operational Risk
Internally, externally, or a mix of variables might cause this business risk. Something
unexpected might occur, causing you to lose your company continuity.
A natural disaster or a fire that damages or destroys your physical business might be that
unforeseen occurrence. It might also be due to a server outage caused by technical issues,
humans, or a power outage. Many operational hazards are linked to individuals. Employees
might make mistakes that cost them time and money.
These operational risks, whether caused by people or processes, can have a negative impact on
your firm in terms of money, time, and reputation. Through training and a business continuity
plan, address each of these major operational hazards. Both strategies allow you to consider
what may go wrong and devise a backup plan or proactive efforts to guarantee that your
operations are not disrupted. (Boitnott, 2021)
C. Contingency Plan
- This shows the process of acquiring the proper utilization and response towards the potential
risk within the business.
• Accounting:
- Provide proper compensation and service towards the employees.
- Managing proper income and output of the company’s revenue.
- Supervision of the consumer’s proper payment and their relation with the company.
- Handling of the refund policy.
• Employee:
- All employee personal must greet their customer with joy and a sign of hope.
- Maintain a good relationship with their customer.
- Provide proper attire and behavior throughout workplace.
- Ask for satisfactory and reports within experience of the customer.
• Termination by employer:
- Art. 282. Termination by employer. An employer may terminate an employment for any of
the following causes: a. Serious misconduct or willful disobedience by the employee of the
lawful orders of his employer or representative in connection with his work; b. Gross and
habitual neglect by the employee of his duties; c. Fraud or willful breach by the employee of
the trust reposed in him by his employer or duly authorized representative; d. Commission
of a crime or offense by the employee against the person of his employer or any immediate
member of his family or his duly authorized representatives; and e. Other causes analogous
to the foregoing (amslaw, n.d).