Professional Documents
Culture Documents
Business Plan Inventaste
Business Plan Inventaste
Veggieling
INVENTASTE COMPANY
PRESENTED TO
ALEGRIA STAND ALONE SENIOR HIGH SCHOOL
BRGY, QUANO, ALEGRIA, SURIGAO DEL NORTE
SCHOOL YEAR 2022-2023
PRESENTED BY:
BENZ MARCO PHILIP S. TIDALGO
PRINXYS HUELAH S. BUTON
LEA MONIQUE T. AJOC
JUDELYN S. BATISTIL
GEMMA L. SAURA
RENE N. FLORIA
SHEILA R. DIAZ
PATRIA P. APOSAGA
SUBJECT TEACHER
EXECUTIVE SUMMARY
The said product will be manufactured at Purok 6, San Pedro, Alegria, Surigao del
Norte, where finished products will be sold through direct sales or cash on delivery
within and outside the Municipality of Alegria, Surigao del Norte. The target market
for the company includes both children and adults. Furthermore, Entrepreneurs have
invested 14% each, for a total investment of PHP 4,130.00, to finance the company's
raw materials and operating expenses.
Since many companies are entering the food industry, a slew of competitors is to be
expected. To outperform the competition's product offering, a promotional and
pricing strategy would be implemented. The company uses promotional strategies
such as posting on social media (FB Page) and personal/direct marketing to reach
the target and potential market, while the pricing strategy is to sell it at an affordable
price of PHP 5.00.
The company plans to expand its operations beyond Alegria, Surigao del Norte, by
hiring more employees, opening a new location, hiring salespeople, and entering
new markets. INVENTASTE Company's products and services will continue to
provide satisfaction and meet consumer demands in the coming years.
Life's motto: "BUSINESS has only two functions - MARKETING and INNOVATION."
-Milan Kundera
Life's motto: "Don't sit down and wait for the opportunities to come. Get up and make
them."
-Madam C.J. Walker
Overview of the Business
This section includes the company name, business model, vision, mission, and
business plan objectives.
INVENTASTE COMPANY
Due to their invention of a product and interest in its flavor, the entrepreneurs
decided to call their company "INVENTASTE." The product, the entrepreneurs came
up with is called Veggieling. "Veggie" refers to the fact that they were composed of
vegetables like carrot and squash, and "ling" was derived from the word "dumpling."
Squash and carrots are both high in iron, which can help anemia or low blood
counts. It also has a great deal of fiber, which promotes healthy weight management
and digestion. Both also has calcium necessary for strong bones. The product
makes a tasty, flavorful, and enjoyable snack. The products are both price-friendly
and very healthy. The INVENTASTE Company is a neighborhood snack business
that is open to all visitors and situated along Purok 6, the national highway, in San
Pedro, Alegria, Surigao del Norte.
The entrepreneurs created this logo to demonstrate that the company is well-
balanced, from its. delectable products to its appealing service. The product was
cooked purely with love, as seen on the logo, it is important for entrepreneurs to
make their products with passion and love so that the products not only fill an empty
stomach but also add joy to the customer's heart. In this way, we can have the
customer's loyalty not only to our products but also to our company.
VISION
Within the next five years, the Inventaste Company will grow into a successful and
profitable company. Increasing revenues to Php 592,960.50 by providing incentives
to customers in giving them good service and quality certified products.
MISSION
OBJECTIVES
Problem/Need
Many residents in the community of Alegria choose unhealthy snacks over
vegetables. It can also be proven in the result of the Body Mass Index (BMI)
conducted in Alegria Stand Alone Senior High School that many students have
underweight problems. People's financial ability to buy snacks is a contributing factor
to low malnutrition, which is brought on by an inadequate diet or a problem with
having too few or too many of those nutrients. Malnutrition is characterized by
inadequate or excessive nutrient intake, an unbalanced intake of vital nutrients, or
poor nutrient use. Undernutrition, overweight, and obesity are both part of the double
burden of malnutrition, as are noncommunicable diseases connected to diet.
Sex Male/Female
Income/Allowance Php 10.00 - 1,000.00
Civil status Single/ Married/Divorced/Widowed
Education All (Educated, Uneducated and etc.)
Profession Employed, Unemployed, Student
Municipality of Alegria, its barangay and neighboring
Location
communities
Psychographics Fond of savory nutritious snacks
Benefits desired Nutritious and price-friendly that satisfy your cravings
Product
The name of the product, "Veggieling," is a combination of the words "vegetables"
and "dumplings." It is a food-to-go snack made of squash, which has vitamins and
minerals that help people maintain a healthy weight and improve their hand-eye
coordination, and carrots, whose fiber may help regulate blood sugar levels.
People
The people who reside in the community of Alegria and those who desire to
purchase outside of Alegria are the product’s target potential customers’
Price
The product’s Php 5.00 pricing is determined by the product’s quality and
nutritional value.
Place
As a convenient location for potential customers, the product is offered at Purok
6, San Pedro, Alegria Surigao del Norte along the national highway.
Promotion
The product is advertised and distributed throughout the market via Facebook’s
post and poster making. It seeks to inform the target market-people who reside in the
Alegria municipality and elsewhere-about the advantages and qualities of the
product so that they will be persuaded to purchase.
Packaging
In order to address problems with solid waste management and retain consumer
convenience, the product’s packaging consists of a food paper kikiam tray and a
wooden toothpick.
Positioning
The customer anticipates using the company’s goods because of its low cost and
high quality. Even though there is fierce competition, the business ensures that its
product stands out by offering the target market above-average quality certified
items, excellent service and civility.
Pricing Strategy
Costing PHP 5.00 for each vegetable dumpling. The price is set in a way that is both
affordable and competitive. The company requires its expenses factor when
establishing its pricing and reaches at the market price. The return on investment is
expected to increase within a week of sales. To optimize market profit, daily sales
will be monitored to calculate daily revenue and profit.
GENERAL MANAGER
Finance Manager
Distributes a company's financial resources and is in charge of budget
planning.
Creates financial risk-mitigation strategies.
Examines, monitors, and manages budgets
Creates financial reports on budgets, account payables, account receivables,
expenses, and so on.
Operational Manager
Administrative Manager
Sales Manager
Responsible for leading sales teams to reach sales targets
Excellent sales service ensures high levels of customer satisfaction.
Develops and implements a strategic sales plan to grow the company's
customer base and assure its long-term viability.
Developing processes that drive sales.
Production Staff
Ensures that any faults or problems that develop are quickly resolved in order
to satisfy the organization's output targets.
Keeps track of the manufacturing process.
Finalizing and packaging products for shipment.
Maintains equipment and assigned production area cleanliness.
Personnel Salary (5 years Projection)
The table above underlines the role of employee’s compensation in relation to the
resources they contribute to the company and their financial benefits. All employees
are compensated fairly and appropriately for the responsibilities and functions
allocated to them, and their rate is determined by the current wage imposed by the
DOLE. To adjust for external environmental changes such as inflation, all employees
and workers of the company obtain a ten percent raise in their annual salary after
each year. The reason why the daily rates of pay for each position are so high is
because the company allows its employees to work 8 hours per day for 30 working
days per month, even although they may be given one day off per week.
OPERATIONAL PLAN
The Inventaste Company will maintain at least three suppliers throughout the
manufacturing process in order to save money. The inventory house and services is
located at Purok-6 Barangay San Pedro, Alegria Surigao del Norte. Only those
employees who are unable to work can take a day off during regular business hours;
all other employees are required to carry out their assigned tasks.
Since the company uses direct sales and click and mortar business models,
the personnel will stroll the area selling the product while keeping a ready supply of
the company's goods on hand so that if anyone orders online, it will be delivered
immediately. The entrepreneurs will do everything possible to deliver orders on time.
Furthermore, it will ensure that customer requests, refunds, and complaints are
supported and handled as part of the company's development.
Operational Objectives
Objectives:
Production Process
The following production procedure is intended to produce the products in one day.
In the manufacturing process, no ingredients that could result in an unhealthy
substance are ever used. The manufacturing process is done in a hygienic manner
and meets the needs of the consumer.
INPUT OUTPUT
INGREDIENTS PROCESS END RESULT
2 kg. Flour Instructions
Veggieling 225 pcs. of
1 kilogram. Veggieling
Squash 1. In a mixing bowl, combine 2 kl. flour and ½
3 pcs. Carrots teaspoon yeast. Price: 5.00 each
1/4 kilo of
cooking oil
½ kilo Soy
sauce
¼ kilo Salt
1 pack yeast
5 pcs
Calamansi
tender for 20 mins.
7. After mincing, heat the oil in a cooking pot
2 pack/sachet
over medium heat.
oyster sauce
8. Combine and sauté the minced garlic and
onions. Cook until it begins to turn a light
brown color.
TOTAL:
9. Combine and the add vegetables and mix
PHP. 519.00
for another 20 seconds, then set aside for 5
minutes.
10. After 5 minutes, add the 4 tablespoon of soy
sauce and seasonings such as 1 teaspoon
of salt, spring onions and 2 packs of oyster
sauce. Mix it for another 20 seconds until
cooked. Taste and adjust the seasonings as
FLOOR PLAN SPACE LAYOUT
Menn
Women
The facility layout and floor plan are designed with sufficient capacity and efficiency
in mind. The team believes that it should be appropriate for the customer's vision.
The areas were organized and will be operated by a maximum of (9) people. There
are 5 cooks, 2 servers, and 2 maintenance workers. The kitchen is designed with a
storage
storage room for ingredients and materials used in the manufacturing process.
Fridge
Pantry
ORDER AREA
OFFICE
CLOSET
SUPPLIERS INFORMATION
The INVENTASTE Company will maintain at least three suppliers for production
process that can provide all the ingredients that offer the lowest price and high-
quality items.
1/4 kg. Salt Php 4.00 Php 5.00 Unavailable Jepolla’s Vegetable
2 pack Oyster Php 16.00 Php 16.00 Php 12.00 RFV Kitcharao
sauce
2 kl. All- Unavailable Unavailable Php 120.00 RFV Kitcharao
purpose flour
WORK SCHEDULE
Employee Name Designation Mon Tue Wed Thu Fri Sat Sun
FINANCIAL PLAN
Investment Needed
Name of Item/Raw
Quantity Unit of Measurement Unit Cost To tal Cost
Materials
2 kilo All Purpose Flour PHP 60.00 PHP 120.00
1 kilo Squash PHP 55.00 PHP 55.00
3 pc Carrots PHP 40.00 PHP 120.00
4 bulb Onion PHP 15.00 PHP 60.00
1 tie Spring onion PHP 40.00 PHP 40.00
3 clove Garlic PHP 12.00 PHP 36.00
2 pack Chili PHP 5.00 PHP 10.00
2 pcs Bell pepper PHP 5.00 PHP 10.00
1 1/4 kilo Oil PHP 21.00 PHP 21.00
1 1/2 kilo Soy sauce PHP 24.00 PHP 24.00
1 1/4 kilo Salt PHP 4.00 PHP 4.00
1 pack Yeast PHP 2.00 PHP 2.00
5 pc Calamansi PHP 1.00 PHP 5.00
2 pack/sachet Oyster sauce PHP 6.00 PHP 12.00
The table above determines the over-all production budget or the Total Investment
Needed by adding up the required Raw Materials Investment and Fixed Assets
Investment. The INVENTASTE company garnered a PHP 4,084.25 total investment
needed.
Sources of Fund and Profit Sharing
Individual Investment and Profit Sharing
Income Statement
Inventaste
Proposed Income Statement
For the period of 5 years
Total Expenses PHP 86.00 PHP 2,580.00 PHP 30,960.00 PHP 34,056.00 PHP 37,461.60 PHP 41,207.76 PHP 45,328.54
Net Profit/Loss before Tax PHP 520.00 PHP 15,600.00 PHP 187,200.00 PHP 205,920.00 PHP 226,512.00 PHP 249,163.20 PHP 274,079.52
Tax due (12% of Net Profit before tax) PHP 62.40 PHP 1,872.00 PHP 22,464.00 PHP 24,710.40 PHP 27,181.44 PHP 29,899.58 PHP 32,889.54
Net Profit/Loss after Tax PHP 457.60 PHP 13,728.00 PHP 164,736.00 PHP 181,209.60 PHP 199,330.56 PHP 219,263.62 PHP 241,189.98
The table above is the proposed income statement of the INVENTASTE company for
the next five years. The table outlines the company’s revenue, costs of sales, net
profit and operating expenses. This shows the profitability of the company from daily
to over five-year period. As stated in the table, the company expects to make a
monthly profit of PHP 15,600.00 and a daily loss before taxes of PHP 520.00. The
business targets a 10% annual increase in revenues, cost of sales, and operating
expenses. In the following five years, the company is anticipated to make a profit of
PHP 241,189.98. This signifies that the company is viable and has a good chance of
succeeding.
Balance Sheet
In ventaste
Proposed Balance Sheet
For the period of 5 years
To t al Assets PHP 4,131.00 PHP 123,930.00 PHP 1,487,160.00 PHP 1,635,876.00 PHP 1,799,463.60 PHP 1,979,409.96 PHP 2,177,350.96
To t al Liabilit ies PHP 148.40 PHP 4,452.00 PHP 53,424.00 PHP 58,766.40 PHP 64,643.04 PHP 71,107.34 PHP 78,218.08
Own er's Eq u it y
Capital PHP 3,982.60 PHP 119,478.00 PHP 1,433,736.00 PHP 1,577,109.60 PHP 1,734,820.56 PHP 1,908,302.62 PHP 2,099,132.88
To t al Owners Eq u ity PHP 3,982.60 PHP 119,478.00 PHP 1,433,736.00 PHP 1,577,109.60 PHP 1,734,820.56 PHP 1,908,302.62 PHP 2,099,132.88
SOCIAL IMPACT
One of the
The company will The company company's mission is
The greater the
provides nutritionally to foster strong
employ local company's strength,
balanced snacks that connections. The
residents in the the greater its
can supply the body company will
area who are chances of success.
with enough maintain
hardworking, The company must
nutrients. Purchasing communication
dedicated and value trustworthiness
the company's between its
persistent as part in order to earn trust
product is beneficial employees and
and respect in the
of the company's for individuals of any customers in order to
abilities of others, as
product production maintain not only
process. age.
customer satisfaction well as to practice
but also trust and loyalty and solidarity
loyalty from their at work and in
customers and product production.
employees.
SWOT Analysis
Strengths Weaknesses
VEGGIELING
Veggieling is a food product which is mainly composed of grinded squash and carrots.
It has a soft and moistened wrapper and filled with sizzled squash and carrots.
Location :
Direction: Check the box in every item that corresponds to your best answer.
(Susiha ang kahon sa matag aytem nga katugbang sa imong labing kaayo nga tubag.)
Rating Scales: Please choose among the following for the survey questions
1- Strongly Disagree 2- Disagree 3- Agree 4- Strongly Agree
(Dili uyon kayo) (Dili uyon) (Uyon) (Uyon kayo)
11. What type of promotion method would you recommend to the seller?
Unsang matang sa pamaagi sa promosyon ang imong irekomenda sa magbabaligya?
☐ flyers or posters ☐ Online Advertisement
_______________________________________________________________________________
I confirm that the answer I casted above is true, correct, and in the best of my knowledge.
(Gikumpirma nako nga ang tubag nga akong gisulat sa taas tinuod, husto,ug sa labing nahibal-an ko.)
___________________________________________
Signature (Over Printed Name) of the Participant
ADDENDUM
10.00%
0.00%
5 to 10 11 to 15 16 - 20 21 - 35 36 &
above
19.00%
%
6.00% 5.00%
% %
(Years old)
Marital Status of the Market This chart shows the marital status
100.00% of the market. 86% are single, 14% are
90.00% 86.00% married, and 0% are widowed and
%
80.00% divorced. The greatest number of the
70.00% market sample are single people. This
60.00% means that single people enjoys to eat or
50.00% try food, more than married people.
40.00%
30.00%
20.00% 14.00%
%
10.00%
0.00%
Single Married Widowed Divorce
10.00%
0.00%
Em p Une S tud
loye mpl ent
d oyed
QUESTION #1: My expectations were satisfied by the product's quality
QUESTION #10: What changes should we make to further satisfy you with our
product?
50.00%
This chart shows the following
45.00% 43.00%
recommendations of the market about the
40.00%
35.00% product. The most chosen option is Taste,
30.00% this indicates to improve the taste or
24.00%
25.00% enhance the flavor. This means that
20.00%
19.00%
14.00% Veggieling needs to be improve in terms of
15.00%
flavor or taste. As a result, the company
10.00%
5.00% will seek a suitable solution to improve the
0.00% product's taste.
Packaging Taste Shape Price
Legend:
- Packaging
- Taste
- Shape
- Price
QUESTION #11: What type of promotion method would you recommend to the
seller?
80.00% 78.00 % This chart shows the following
70.00%
recommendations of the market about the
60.00%
50.00%
product’s promotion method. The most
40.00% chosen option is Flyers or posters. This
30.00% 22.00 %
means that the market suggested that
20.00%
Veggieling needs to be promoted through
10.00%
0.00%
Online Advertisements.
F lye Onl
rs o ine
r pos adv
ters erti
sem
Legend:
e nts - Flyers or posters
- Online advertisements
Price Computation
The computation of
selling Price
Ingredients/Cost of
+
Selling Price = Materials
Markup
Units produced
PHP 519.00
Selling Price = + 80%
225
O
SURIGA
Pu
rok
6
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High wa
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Nationa
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BUTUA
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6
High wa
l
Nationa
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