Straplbs Pinakafinal Talagan 1.0

DATA CENTER COLLEGE OF THE PHILIPPINES OF LAOAG CITY, INC.
1
BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION
CHAPTER I
BACKGROUND INFORMATION OF THE BUSINESS
Introduction
Physical activity and exercise are important for everyone. Children,

adolescents, and adults of all ages need regular physical activity. Physical
activity promotes good health, and should stay active throughout all stages of life
regardless of what the body type is. Understanding the benefits of physical
fitness and knowing how active should be can help individuals maintain good
health and improve overall quality of life. There are numerous health advantages
to physical fitness. Regular exercise and physical activity promote strong
muscles and bones. It improves respiratory, cardiovascular health, and overall
health. Staying active can also help maintain a healthy weight, reducing risk for
diabetes and heart disease.
Adding weights to an exercise is a sure way to help tone muscles,

strengthen the body and burn more calories. However, using dumbbells was too
much of a hassle and must be picked up and down and carefully held to avoid
injury during workout. That is why the proponents decided to develop an
equipment that is more convenient and can be worn on the wrist and ankle
without worrying about any possible accident and injuries.
StrapLBS is a manufacturing business that aims to produce a fashionable,

but functional portable weights that can help individuals to use it anytime,
anywhere. The business will offer a weighted resistance bands ensuring
customers a healthier and happier lifestyle. StrapLBS adds a constant but
comfortable resistance to a workout. Wildly versatile, they can be worn on wrists
or ankles for athletic, recreational and domestic activities such as jogging,
running, yoga, cardiovascular training or even just doing simple house chores.
DATA CENTER COLLEGE OF THE PHILIPPINES OF LAOAG CITY, INC. 2
The partners decided to innovate and create this product to help

individuals who wanted to be physically fit and mentally healthy without doing any
intense workout. StrapLBS will be beneficial to individuals who do not have time
to go to the gym to help them maximize their time by being able to work or do
their day-to-day activities and be physically fit at the same time.
More people prefer online shopping over conventional shopping these

days, that is why the partners have agreed to sell the product on E-commerce
platforms such as Lazada, Shopee and TikTok to attract and encourage potential
customers who are aiming to improve overall lifestyle.
Name of the Proposed Business
The name of the proposed business is StrapLBS. The name StrapLBS

came from two specific words which are “Strap” and “Pounds”. The product is
composed of steel weights wrapped around a “Strap” and can be used by
strapping it in the wrist. The main purpose of the product is to encourage
individuals to lose “pounds”. The written abbreviation of the word “pounds'' is
''LBS”. Hence, the name “StrapLBS” was formed.
Location of the Proposed Business
The proposed business will be located at P. Gomez Street, Brgy. 11,

Laoag City, Ilocos Norte which will serve as the office, warehouse, and
manufacturing site of the business. The proposed location is beneficial for the
business because it is near from the city proper that makes it accessible for
online deliveries nearby and it also has an allotted parking lot making it more
convenient for delivery and distribution.
Vision, Mission Goals and Objectives
Vision
StrapLBS 'vision is to profoundly improve the quality of life of thousands of

people by being the first and leading weighted resistance bands producer in the
country.
Mission
StrapLBS mission is to provide the public with advanced fitness

equipment. It is the business’ desire to supply customers with portable weights to
help them expand their physical fitness skills, challenging and encouraging
members to reach their personal fitness goals.
Goals and Objectives
 To encourage the art and science of strength training.

 To provide a unique and portable tool for home workouts.
 To encourage patrons to make changes for a healthier lifestyle.
 To collaborate with activewear brands.
 Enhance the quality of a business's product.
 Increase the product market share.
CHAPTER II
MANAGEMENT ASPECT
Form of Business Organization
StrapLBS is a partnership form of business organization where properties

and liabilities for operating the business as well as the income and losses are
shared by the partners equally. The partners will fill all the positions needed by
the business to be able to experience firsthand operations and will hire additional
staff as the business expands. The partners also agreed to share an equal
contribution amounting to Php 200,000.00 for capital making the partners a
capitalist-industrial partner.
Organizational Chart
The organizational chart of StrapLBS will graphically represent the

organization’s structure highlighting the different jobs and responsibilities that
connect the business’s staff to each other who are at the same time part of the
directorate.
Figure 1. The StrapLBS Organizational Chart

Job Description
The position of manager, sales staff, cashier and production staff have certain
responsibilities to be done in order for the business to achieve its goals and
objectives as well as vision and mission in the future throughout its operation.
1. Manager
 Oversees the operations of the business.
 Prepares the production floor for daily production. Review

production set-ups for accuracy and quality requirements.
 Supervise the teams working in product development and

operations.
 Prepares necessary reports, and other functions.
 Maintains a safe and legal workplace.
 Will handle all the financial transaction when the cashier is not
present.
2. Sales Staff
 Answering and resolving online customer queries.
 Responsible for all online orders from receiving to delivery level.
 Creates marketing campaigns for the product.
 Processing of sales order in relation to purchasing, packing,

shipping, billing and coordination.
 Monitor, manage and update website content such as product

listings, inventory updates, product display, etc.
 Monitors and maintains current inventory levels
3. Cashier
 Performs accounting duties such as recording the daily sales and

other financial aspects of the business.
 Handles all the financial transactions of the business.
 Will serve as the Officer in Charge when the manager is not
present.
4. Production Staff
 Responsible for purchasing products or materials needed for the

business.
 Assembling raw materials into finished products.
 Notifies manager of product discrepancies and equipment
malfunctions.
 Loads, unloads, and arranges materials and supplies as needed.
 Preparing finished products for packaging and shipment and
perform other related work duties as assigned.
Compensation Package
The partners' compensation for their efforts and labor in running the
business will be Php2,000.00 monthly. Additionally, the partners will be given
monthly benefits like SSS, PAG-IBIG, and PHILHEALTH.
The compensation package of StrapLBS is shown in table 1.
Table 1. Compensation Package

COMPENSATION PACKAGE
POSITION MANPOWER SALARY SSS PAG-IBIG PHILHEALTH TOTAL
MANAGER 1 ₱2,000.00 ₱265.00 ₱40.00 ₱40.00 ₱2,345.00
CASHIER 1 ₱2,000.00 ₱265.00 ₱40.00 ₱40.00 ₱2,345.00
SALES
STAFF 2 ₱4,000.00 ₱530.00 ₱80.00 ₱80.00 ₱4,690.00
PRODUCTION
STAFF 2 ₱4,000.00 ₱530.00 ₱80.00 ₱80.00 ₱4,690.00
MONTHLY COMPENSATION
PACKAGE ₱12,000.00 ₱1,590.00 ₱240.00 ₱240.00 ₱14,070.00
YEAR 1 COMPENSATION
PACKAGE (8 months ₱96,000.00 ₱12,720.00 ₱1,920.00 ₱1,920.00 ₱112,560.00
YEARLY COMPENSATION
PACKAGE (12 months) ₱144,000.00 ₱19,080.00 ₱2,880.00 ₱2,880.00 ₱168,840.00
Routine Schedule
The business operation will begin at 8:00 AM until 6:00 PM. All the
owners agreed to undergo training and seminar to accomplish each and every
position in the business. In cases that the Manager will take the day off, the
cashier will act as the Officer in Charge. In cases that the Cashier will take the
day off, the Manager will handle the Cashier’s duty which could increase the
business’ productivity.
The partners will report on duty six (6) days a week with a weekly
scheduled day off. From Mondays to Sundays there will be at least five (5)
personnel on the day of the business operation, from 8:00 AM to 6:00 PM.
The weekly routine schedule of the partners is presented in table 2.
Table 2. Weekly Routine Schedule

WEEKLY ROUTINE SCHEDULE
POSITION MONDAY TUESDAY THURSDAY FRIDAY SATURDAY SUNDAY
MANAGER REST DAY BARTOLOME BARTOLOME BARTOLOME BARTOLOME BARTOLOME
SALES STAFF BUTAC REST DAY BUTAC BUTAC BUTAC BUTAC
SALES STAFF TAYLAN TAYLAN REST DAY TAYLAN TAYLAN TAYLAN
CASHIER RAMIREZ RAMIREZ RAMIREZ REST DAY RAMIREZ RAMIREZ

PRODUCTION TUMANENG TUMANENG TUMANENG TUMANENG REST DAY TUMANENG

STAFF
PRODUCTION FLORES FLORES FLORES FLORES FLORES REST DAY

STAFF
CHAPTER III
MARKETING ASPECT
Product Description
StrapLBS is a stylish and fashionable weights that can be strapped on the

wrist and ankle. The product is made of grade 304 rectangular stainless steel,
wrapped in skin-friendly silicone that is attached to a wide, breathable elastic
strap that is lined with velcro. This adds an intensity to a low impact workout and
it is available in 2 weight options which are ½ lb and 1 lb. The ½ lb contains 8
steel bars that weigh 0.0625 pounds each while the 1 lb contains 10 steel bars
that weigh 0.1 pound each. Each steel bar measures 3 inches in length, 1.5
inches in width and 0.5 inch in diameter. It comes in aesthetically-pleasing colors
such as soleil, charcoal, turquoise, heather gray, burgundy, olive green, brown
and beige. The stretchy, breathable band holds its shape and can custom fit
bodies of all sizes.
Soleil Charcoal Turquois Gray Burgundy Olive Green Brown Beige

e
Pricing Strategy
Price is an important aspect of a product, for it determines the

affordability and quality of the product to the customers. The partners agreed to
use cost-plus pricing with an additional mark-up of 60%. Cost-plus pricing was
used to make sure that the business would gain profit.
Table 3. Cost-Plus Pricing

Product 1 Unit Cost Mark Up 60% Selling Price per piece
1/2 lb resistance bands ₱165.27 ₱99.16 ₱264.43
Product 2 Unit Cost Mark Up 60% Selling Price per piece
1 lb resistance bands ₱232.09 ₱139.25 ₱371.34
Target Markets
StrapLBS primary target market will consist of individuals who want to

improve their lifestyle and be physically fit and healthy. The secondary target
market includes retirees and individuals who need physical therapy and can only
do a mild workout. The business' target market ranges from ages between 18 to
80, men and women all over the country.
Competitive Advantage
StrapLBS’s competitors are sellers offering gym equipments and other

portable weights such as weights containing sand, and vibrating weights. The
competitive advantage of StrapLBS is its unique style which consists of steel
wrapped with silicon that is more aesthetic and sturdier. Unlike weights
containing sand or other bulky weights, StrapLBS contains steel. This means that
StrapLBS have a consistent weight throughout, versus weights filled with sand,
where the contents tend to move around.
Distribution Strategy
StrapLBS will be sold through different Ecommerce platforms such as

Lazada, Shopee and TikTok in which the product will be distributed to its
consumers by using logistic and courier services such as J&T Express, Ninja
Van, Shopee Xpress, JRS Express and Entrego.
Figure 2. The distribution strategy of STRAPLBS
Promotional Strategy
Promotion is one of the key ingredients for a business to inform

and persuade the customers to buy their products. The proposed business will
use advertisement for its promotional strategy.
Online advertising, specifically social media will be one of the tools to be

used in advertising the business before its operation. The business will open its
own page on different social media platforms such as Facebook, TikTok and
Instagram where the products and other business information will be posted. The
partners will also use their own social media accounts to boost the business
popularity.
The advertising cost of the business is shown in table 4.
Table 4. Advertising Expense

ADVERTISING EXPENSES
ADVERTISING COST QTY. TOTAL COST
Facebook Ads ₱ 375.50 (1,000 impressions) 1 ₱ 375.50
Instagram Ads ₱ 393.97 (1,000 impressions) 1 ₱ 393.97
TikTok Ads ₱ 588.02 (1,000 impressions) 1 ₱ 588.02
Total Advertising Expense ₱ 1,357.49
SWOT Analysis
One of the strengths of StrapLBS is that the staff are highly committed
which is good when starting a business. Another strength is of the business is
that having the partners as the employees creates a lightweight and flat hierarchy
resulting in quicker decision making. On the other hand, the proponents have
insufficient experience in handling the day-to-day issues of the business since
they are fresh graduates and as a new business, the StrapLBS may start with a
low profile and the unavailability of modern accounting and inventory tools is also
seen as one of the weaknesses of the business. Although the opportunities of the
business include the expansion of the business, online platforms are now

deemed as the new pathway of consumers in purchasing their product as a new
leap in technology advancements, as well as physical fitness trends tend to be
advocated more nowadays by different health agencies after the country’s entry
to “new normal”. The threats are consumers who are tight with their budget,
expected increase in the costs of inputs and the current slowdown of the
country’s economy since the pandemic. Another threat as foreseen by the
partners are the entry of competitors and the imitation of the product.
The SWOT Analysis of StrapLBS is shown in figure 3.
Figure 3. SWOT Analysis
Sales Projection
The weekly, monthly and yearly sales projection of StrapLBS is shown in

table 5, 6 and 7.
Table 5. Weekly Income Projection

WEEKLY INCOME PROJECTION LAZADA
WEEK 1
PRODUCT OFFERED PRICE QTY. TOTAL
1/2 lb resistance bands ₱ 264.43 28 ₱ 7,404.04
1lb resistance bands ₱ 371.34 30 ₱ 11,140.20
TOTAL ₱ 18,544.24
WEEK 2
TOTAL ₱ 20,766.59
WEEK 3
TOTAL ₱ 25,323.89
WEEK 4
TOTAL ₱ 30,404.36
WEEKLY INCOME PROJECTION SHOPEE

WEEK 1

TOTAL ₱ 18,701.76
WEEK 2
TOTAL ₱ 21,559.88
WEEK 3
TOTAL ₱ 23,202.76
WEEK 4
TOTAL ₱ 30,995.21
WEEKLY INCOME PROJECTION TIKTOK

WEEK 1
TOTAL ₱ 20,237.73
WEEK 2
TOTAL ₱ 22,780.81
WEEK 3
TOTAL ₱ 27,495.63
WEEK 4
TOTAL ₱ 33,431.38
Table 6. Monthly Income Projection

MONTHLY SALES PROJECTION
LAZADA
PERCENTAGE AMOUNT TOTAL MONTHLY
MONTHS MONTHLY SALES INCREASE/DECREASE INCREASE/DECREASE SALES
May ₱ 95,039.08 0% - ₱ 95,039.08

June ₱ 95,039.08 3% ₱ 2,851.17 ₱ 97,890.25
July ₱ 97,890.25 2% ₱ 1,957.81 ₱ 99,848.06
August ₱ 99,848.06 2% ₱ 1,996.96 ₱ 101,845.02
September ₱ 101,845.02 5% ₱ 5,092.25 ₱ 106,937.27
October ₱ 106,937.27 3% ₱ 3,208.12 ₱ 110,145.39
November ₱ 110,145.39 4% ₱ 4,405.82 ₱ 114,551.20
December ₱ 114,551.20 1% ₱ 1,145.51 ₱ 115,696.72
TOTAL ₱ 20,657.64 ₱ 841,952.98
SHOPEE
May ₱ 94,459.61 0% - ₱ 94,459.61

June ₱ 94,459.61 4% ₱ 3,778.38 ₱ 98,237.99
July ₱ 98,237.99 6% ₱ 5,894.28 ₱ 104,132.27
August ₱ 104,132.27 3% ₱ 3,123.97 ₱ 107,256.24
September ₱ 107,256.24 4% ₱ 4,290.25 ₱ 111,546.49
October ₱ 111,546.49 2% ₱ 2,230.93 ₱ 113,777.42
November ₱ 113,777.42 3% ₱ 3,413.32 ₱ 117,190.74
December ₱ 117,190.74 2% ₱ 2,343.81 ₱ 119,534.56
TOTAL ₱ 25,074.95 ₱ 866,135.34
TIKTOK
May ₱ 103,945.55 0% - ₱ 103,945.55

June ₱ 103,945.55 2% ₱ 2,078.91 ₱ 106,024.46
July ₱ 106,024.46 5% ₱ 5,301.22 ₱ 111,325.68
August ₱ 111,325.68 4% ₱ 4,453.03 ₱ 115,778.71
September ₱ 115,778.71 2% ₱ 2,315.57 ₱ 118,094.29
October ₱ 118,094.29 3% ₱ 3,542.83 ₱ 121,637.11
November ₱ 121,637.11 4% ₱ 4,865.48 ₱ 126,502.60
December ₱ 126,502.60 3% ₱ 3,795.08 ₱ 130,297.68
TOTAL ₱ 26,352.13 ₱ 933,606.08
Table 7. Yearly Income Projection

YEARLY SALES
LAZADA
PERCENTAGE AMOUNT TOTAL YEARLY
YEAR YEARLY SALES INCREASE/DECREASE INCREASE/DECREASE SALES
2023 ₱ 841,952.98 ₱- ₱ 841,952.98

2024 ₱ 841,952.98 20.19% ₱ 169,990.31 ₱ 1,011,943.29
2025 ₱ 1,011,943.29 5% ₱ 50,597.16 ₱ 1,062,540.46
2026 ₱ 1,062,540.46 6% ₱ 63,752.43 ₱ 1,126,292.88
2027 ₱ 1,126,292.88 7% ₱ 78,840.50 ₱ 1,205,133.39
TOTAL ₱ 363,180.40 ₱ 5,247,863.00
SHOPEE
2023 ₱ 866,135.34 ₱- ₱ 866,135.34

2024 ₱ 866,135.34 21.47% ₱ 185,959.26 ₱ 1,052,094.60
2025 ₱ 1,052,094.60 4% ₱ 42,083.78 ₱ 1,094,178.38
2026 ₱ 1,094,178.38 5% ₱ 54,708.92 ₱ 1,148,887.30
2027 ₱ 1,148,887.30 7% ₱ 80,422.11 ₱ 1,229,309.41
TOTAL ₱ 363,174.07 ₱ 5,390,605.02
TIKTOK
2023 ₱ 933,606.08 ₱- ₱ 933,606.08

2024 ₱ 933,606.08 20.24% ₱ 188,961.87 ₱ 1,122,567.95
2025 ₱ 1,122,567.95 3% ₱ 33,677.04 ₱ 1,156,244.99
2026 ₱ 1,156,244.99 4% ₱ 46,249.80 ₱ 1,202,494.79
2027 ₱ 1,066,279.87 6% ₱ 63,976.79 ₱ 1,130,256.66
TOTAL ₱ 332,865.50 ₱ 5,545,170.48
For the year 2024, the business is assumed to increase its income by
20.19% in Lazada, 21.47% in Shopee, and 20.24% in TikTok respectively. By its
succeeding years the sales are expected to increase by 5%, 4% and 3% in

Lazada, 6%, 5% and 4% in Shopee, and 7%, 7% and 6% in TikTok due to
increase of brand awareness.
CHAPTER IV
TECHNICAL ASPECT
Technical Specifications of the Product
StrapLBS will offer an adjustable, stylish, two weight level portable weights
that can be worn through the wrist and ankle that is best used for low impact
exercises. It comes with a variety of fun colors to match everyone's outfit with a
single design. Made of the highest quality fitness materials, steel wrapped in
baby-soft silicone. Athletic elastic and hook and loop fasteners allow for a perfect
fit. It includes a two-level weight of 1 LB or ½ LB StrapLBS weight set. Product
dimensions will be 13” x 3” x ½” per weighted resistance bands.
The product will be offered through different E commerce platforms

namely Lazada, Shopee, and TikTok for a wider distribution range. The partners
will only utilize the proposed location for the manufacturing, storing and
distribution process.
The stainless steel which is the main material for the product will be
imported from Shandong Shun He Metal Products Co, Ltd, located at Wuxi City
of Jiangsu province, China, as they manufacture and customize steel. The
silicone that will serve as a wrap for the steel will be customize as well and will be
purchased from Guangdong Nanju Silicone Material Technology Co, Ltd, located
at Qiatao Town, Dongguan City of Guangdong province, China. The velcro which
will serve as the attachment when worn on the wrist and ankle will be purchased
at Zhongshan Xinwei Weaving Co., Ltd., located in Sanxiang Town, Zhongshan
City of Guangdong province, China. The elastic band that will serve as the base
for the weight mainly provides adjustability for all sizes will be purchased at
Dongguan Yusen Industrial Co, Ltd. located beside Shuibian Village Committee,
Hengli Town, Dongguan, Guangdong, China. The product will be sold by pair and
placed in a nifty black pouch for easy hand carry and will be packed in a
packaging box which will be a square shaped, brown colored paper craft box. All
of the items will be labeled with the business’ logo for brand recognition.
Business Location
StrapLBS will be renting a 180 square meter studio type room in a building
located at P. Gomez St., Brgy. 11 San Balbina, Laoag City, Ilocos Norte
amounting to ₱30,000.00 pesos. The location site is beside Ilocostop Laoag and
PetroGazz Station.
The location map of StrapLBS is shown in figure 4.

Figure 4. StrapLBS Location map
Procurement and Operational Process
The procurement, production and operational process of the business is

shown in figures 5, 6 and 7.
Procurement
Figure 5. Procurement
Production Process
Figure 6. Production Process
Operational Process
Figure 7. Operational Process
Office Renovation
The partners of StrapLBS decided not to buy land and buildings. The
partners made the decision to rent a space, which will be renovated divided to
production area, office, stock room and lobby that can provide couriers with a
comfortable area to wait.
Table 9. Office Renovation

UNIT TOTAL
PARTICULARS QTY. UNIT COST COST SUPPLIER
Paint 2 32L ₱2,799.00 ₱5,598.00 Ace Hardware
Paint Roller 3 pcs ₱136.00 ₱408.00 Ace Hardware
60 Expand Tube
and 60 Screws
Nails for wood (30x 5.3 mm) pcs ₱3.80 ₱228.00 Ace Hardware
Cabinet drawer handle
stainless steel 10 pcs ₱47.00 ₱470.00 Ace Hardware
Horse Stainless steel
door hinges 6 4*3*2.5 ₱285.00 ₱1,710.00 Ace Hardware
Wood Chips solid wood Aluag
plank pine clapboard 10*60x25 CM pcs ₱199.00 ₱1,990.00 Construction
Emergency Light 1 pcs ₱1,599.00 ₱1,599.00 Ace Hardware
Furniture cabinet door
hinge 30 pcs ₱460.00 ₱13,800.00 Wilcon
Aluag
Labor cost 1 week 3 ₱500.00 ₱10,500.00 Construction
Total: ₱36,303.00
Machineries and Equipment
The Machineries and Equipment of StrapLBS are presented in table 10.
Table 10. Machineries and Equipment

TOTAL ESTIMATED DEPRECIATION
PARTICULARS QTY. UNIT COST COST USEFUL LIFE COST SUPPLIER
Laptop 2 ₱18,999.00 ₱37,998.00 6 years ₱6,333.00 Abenson
Air Conditioner 1 ₱29,998.00 ₱29,998.00 10 years ₱2,999.80 Addessa
Water Dispenser 1 ₱5,798.00 ₱5,798.00 5 years ₱1,139.60 Abenson
Printer 1 ₱8,900.00 ₱8,900.00 5 years ₱1,780.00 Silicon Valley
Thermal Label Shopee
Printer 1 ₱1,604.00 ₱1,604.00 8 years ₱205.00
Sewing Machine 2 ₱5,150.00 ₱10,300.00 8 years ₱1,287.50 Fare price
Vertext
Cellphone 2 ₱15,000.00 ₱30,000.00 10 years ₱3,000.00 Handyphones
Northquad
Trade Empire
Camera 1 ₱17,799.00 ₱17,799.00 15 years ₱1,186.60 Inc
ECD
Fire Enterprises
Extinguisher 1 ₱1,999.00 ₱1,999.00 9 years ₱222.11 Company
Total: ₱144,396.00 ₱18,153.61
Descriptions: Machineries and Equipment

 Laptop – a portable computer that will be used in processing orders and

other office work in the business.
 Air Conditioner - a machine that cools a room or building. For the
convenience of workers.
 Water Dispenser - a device that dispenses water. It is used to provide
easy access to drinking water for the convenience of workers
 Emergency Light - a rechargeable lighting device that turns on instantly

when a building's power goes out or a lighting circuit fails. This is needed
in case of power interruption during operation.
 Printer - a machine that prints text or images onto paper, especially one
that is linked to a computer. For business documents.
 Thermal Label Printer- used to print items such as receipts and shipping
labels.
 Sewing Machine - a machine that uses thread to sew fabric and materials
together. Used to assemble the both wrist and ankle weights.
 Fire Extinguisher - a portable device that unloads a stream of water,

foam, gas, or other material into the air to put out a fire.
Inventory
The Inventory of StrapLBS is presented in table 11.
Table 11. Inventory

INVENTORIES
UNIT
PARTICULARS QTY. COST TOTAL COST SUPPLIER
½ lb 47.50
Stainless Steel 7.33 1 lb 95.00 696,326.62 Shandong Shun He Metal Products Co
½ lb 69.28
Guangdong Nanju Silicone Material Technology Co,
Silicone 140 KG 1 lb 86.6 428,820.00 Ltd
7,950
Elastic Band yards 11.4 131,175 Dongguan Yusen Industrial Co, Ltd.
Velcro 2,340 m 5.44 382,980.00 Zhongshan Xinwei Weaving Co., Ltd.
Glue 15.12 L 4 4837.8 Lazada
Thread 13,400 m 130 952.9 Scooty Bazaar
Kraft Box 11000 pcs 8 87,960.00 KAYANG Packaging Supplies
Thermal Label
Sticker 11 rolls 0.15 999 Waybill Online
Pouch 3000 pcs 18 54,000.00 Para-Para Shop
Total: 1,788,051.32
Descriptions: Inventory
 Stainless Steel - used to make the created product heavier.
 Silicone – used to cover the stainless steel of the resistance

bands.
 Elastic Band – used to make the resistance bands elastic and

adjustable.
 Velcro – used to hold the resistance bands in place.
 Glue – used for sticking objects or materials together.
 Thread – used to join the cut components together using a sewing

machine.
 Kraft Box – used in packaging operations. For packing orders.
 Thermal Label Sticker – used for the purpose of invoicing

 Pouch - used in packaging operations. For the purpose of

shipment or shipping.
Furniture and Fixtures
The Furniture and Fixtures which will be used by StrapLBS is presented in

table 12.
Table 12. Furniture and Fixtures

ESTIMATED
UNIT TOTAL USEFUL DEPRECIATION
PARTICULARS QTY. COST COST LIFE COST SUPPLIER
2K
Working Table 3 ₱2,850.00 ₱8,550.00 5 years ₱1,710.00 INDUSTRY
TOTITOI’S
OFFICE
Office Table 3 ₱4,500.00 ₱13,500.00 5 years ₱2,700.00 FURNITURE
Office Chairs 4 ₱1,500.00 ₱6,000.00 5 years ₱1,200.00 FAIR PRICE
Chairs 2 ₱199.00 ₱398.00 5 years ₱79.60 FAIR PRICE
2K
Storage Racks 3 ₱2,990.00 ₱8,970.00 5 years ₱1,794.00 INDUSTRY
ACJ HOME
SOFA
Sofa 2 ₱3,500.00 ₱7,000.00 5 years ₱1,400.00 FURNITURE
Total: ₱44,418.00 ₱8,883.60
Descriptions: Furniture and Fixtures
 Working Table – used to prepare and assemble the product.

 Office Table - used to process administrative works or papers.
 Chairs – partnered in the working table. For comfortable working.
 Office Chairs- partnered in the Office table.
 Storage Racks- used to store both manufactured and unproduced
products.
 Sofa- waiting area. This is a comfortable spot where couriers can

wait.
Office Supplies
The Office Supplies to be used by StrapLBS is presented in table 13.
Table 13. Office Supplies

OFFICE SUPPLIES (GOOD FOR 8 mos)
PARTICULARS QTY. UNIT UNIT COST TOTAL COST SUPPLIER
Bond Paper 16 Boxes ₱875.00 ₱14,000.00 N. Corpuz
Ballpen 1 Box ₱99.00 ₱99.00 NOVO
Calculator 2 pcs ₱278.00 ₱556.00 National Bookstore
Record Book 4 pcs ₱82.00 ₱328.00 National Bookstore
Printer Ink 16 set ₱1,100.00 ₱17,600.00 Dashma
Correction Tape 5 pcs ₱25.00 ₱125.00 NOVO
Stapler 2 pcs ₱75.00 ₱150.00 Pandayan
Staples 5 pcs ₱25.00 ₱125.00 Pandayan
Scissors 2 pcs ₱35.00 ₱70.00 Pandayan
Crafting Scissors 2 pcs ₱55.00 ₱110.00 NOVO
Cash Register 1 pc ₱474.00 ₱474.00 NOVO
Pen Organizer 3 pcs ₱75.00 ₱225.00 ME
File Organizer 6 pcs ₱100.00 ₱200.00 Savemore
Total Office Supplies 34,062.00
Descriptions: Office Supplies
 Bond paper – used for writing, drawing, and of course printing things like
letterhead and business documents
 Ballpen – a writing instrument
 Calculator – used for numerical calculations.
 Record Book – used to keep track of the business’s daily sales

 Printer Ink- used in printing necessary documents.
 Correction Tape - used to fixed witting errors
 Stapler – used to secure receipts and documents
 Staples – a small metal piece that will be inserted to stapler to bind
documents.
 Scissors – used to cut a variety of materials.
 Crafting Scissors- used in cutting paper and kraft box.
 Cash Register – used to collect customers payments received.
 Pen Organizer – used for holding pens, scissors etc.
 File Organizer – used to keep files organized and separate.
Cleaning Supplies
The Cleaning supplies that will be used by the business are presented in
table 14.
Table 14. Cleaning Supplies

PARTICULARS QTY UNIT COST TOTAL COST SUPPLIER
Alcohol 5 ₱550.00 ₱2,750.00 PUREGOLD
Broom 3 ₱75.00 ₱225.00 NOVO
Dustpan 2 ₱130.00 ₱260.00 NOVO
Rag Set 10 ₱100.00 ₱1,000.00 M.E.
Garbage Bag Big 10 ₱119.00 ₱1,190.00 M.E.
Mop 2 ₱110.00 ₱220.00 NOVO
Trash Bin 1 ₱320.00 ₱320.00 M.E.
Bucket 1 ₱65.00 ₱65.00 NOVO
Dipper 1 ₱25.00 ₱25.00 M.E.
Air freshener 8 ₱90.00 ₱720.00 M.E.
Total Cleaning Supplies ₱6,775.00
Description: Cleaning Supplies
 Alcohol – used for disinfecting

 Broom – used to sweep up the dirt in workplace
 Dust pan- used to scoop the dust and dirt.
 Rag - a piece of cloth used for cleaning the workplace.
 Garbage Bag – a disposable bag used to dispose waste
 Trash Bin- a bin that collects disposable waste.
 Mop – used to soak up liquid, for cleaning floors and other

surfaces, to mop up dust, or for other cleaning purposes.
 Bucket – used for holding and carrying water.
 Dipper – used to take out drinking water from the container.
 Air Freshener – used to impart an aroma to the air environment or

to mask odors, with the intent of creating a pleasing indoor space.
Utilities
It is essential for the StrapLBS to continuously have access to a source of

water, electricity, and the internet in order for operations to run smoothly. For the
business to keep and ensure the cleanliness of the workplace, water is
necessary. Electricity is also essential to the operation of the firm so that the staff
members could perform their responsibilities. An Internet connection is needed
by StrapLBS to communicate the products to more target customers using
different platforms.
The Utilities of StrapLBS are presented in table 15.
Table 15. Utilities

PARTICULAR SUPPLIER AMOUNT
Drinking Water SMB WATER REFILLING ₱250.00
STATION
Water INWD ₱500.00
Electricity INEC ₱8,000.00
Internet CONVERGE ICT ₱1,500.00
Total ₱10,250.00
Total Utilities Expense Year 1 (8
Months) ₱82,000.00
Yearly Utilities Expense
Yearly Utilities % Total Yearly
Amount Increase
Year Expense Increase Utilities Expense
2023 ₱82,000.00 0% ₱0.00 ₱82,000.00
2024 ₱82,000.00 50% ₱41,000.00 ₱123,000.00
2025 ₱123,000.00 3% ₱3,690.00 ₱126,690.00
2026 ₱126,696.00 4% ₱5,067.84 ₱131,763.84
2027 ₱131,763.84 5% ₱6,588.19 ₱138,352.03
Fees and Licenses
Before the business can officially operate legally and properly, certain
documents must be obtained. Some legal requirements must be renewed
annually.
The Fees and Licenses of StrapLBS is shown in table16.
Table 16. Fees and Licenses

FEES AND LICENSES
PARTICULARS AMOUNT
Business License ₱ 300.00
Barangay Clearance ₱ 300.00
Community Tax Certificate ₱ 1,000.00
Sanitary Permit ₱ 150.00
Fire Safety and Control Clearance ₱ 500.00
Police Clearance ₱ 200.00
Zoning Clearance ₱ 150.00
DTI Registration ₱ 2000.00
BIR Registration ₱ 500.00
Processing Fee ₱ 50.00
Mayor's Permit ₱ 400.00
SSS Clearance ₱ 300.00
PhilHealth Clearance ₱ 300.00
Total: ₱ 6,150.00
Waste Disposal
Proper waste disposal is critical in business, not only for the sake of the
business but also in the interest of the environment. StrapLBS will implement
proper waste disposal to ensure the cleanliness and safety of its products and
operating areas. The business will use garbage bags, and waste will be
separated into biodegradable and non-biodegradable, enabling the business to
help the environment stay clean. Thus, the excess of the elastic bond will be
donated to tailoring shops wherein, they will be recycled into apparels.
CHAPTER V
FINANCIAL ASPECT
Basic Financial Assumption
1. The entire project will cost Php1,200,000.00 only.
2. Each partner's contribution will equal 100% of the total amount of the
financing.
3. The income of StrapLBS will increase annually by 5%, 6% and 7% in

Lazada; 4%, 5% and 7% in Shopee; and 3% 4% and 6% in TikTok.
4.The depreciation expense of the business is computed using straight-

line method.
5. It will be anticipated that the costs associated with inventories will rise
annually by 1%, 2%, 3% and 4%, respectively.
6. The partners set an amount for monthly water and electricity

consumption amounting to Php 500.00 and Php 8,000.00 respectively.
7. The partners will set an amount of Php 6,150.00 annually for the
renewal of fees and licenses.
Total Projected Cost

Working Capital ₱1,030,234.00
Property and Equipment ₱126,862.00
Pre-Operating Cost ₱42,904.00
Total Project Cost ₱1,200,000.00
Source of Financing
The partners contributed ₱200,000.00 cash each as an initial investment

for the operation of the business. The total investment made by the partners is
amounting to ₱1,200,000.00.
Equity Contribution
Butac, Abigail ₱200,000.00
Tumaneng Katrina ₱200,000.00
Ramirez, Argee ₱200,000.00
Taylan, Jozel ₱200,000.00
Bartolome, Alvin ₱200,000.00
Flores, Rossler ₱200,000.00
Total ₱1,200,000.00
Projected Financial Statements

Statement of Financial Position
Before the Operation of the Business
ASSETS
Current Assets
Cash ₱354,590.42
Inventories ₱579,246.58
Prepaid Office Supplies ₱34,062.00
Prepaid Cleaning Supplies ₱2,335.00
Prepaid Rent ₱60,000.00
Total Current
Asset
Non-Current
Asset
Other Assets
Machineries and
Equipment ₱93,046.00
Furnitures and Fixtures ₱33,816.00
Other Asset
Renovation of the Office
Unit ₱34,704.00
Fees and Licenses ₱6,150.00
Feasibility Study Expense ₱2,050.00
TOTAL ASSETS
StrapLBS
Projected Income Statement
For the year Ended 2023
Sales ₱1,836,719.48
Less: Cost of Sales ₱551,015.84
Gross Profit ₱1,285,703.63
Less: Administrative
Expenses
Salaries and Benefits ₱112,560.00
Advertising Expense ₱10,859.92
Supplies Expense ₱36,397.00
Utilities Expense ₱82,000.00
Rent Expense ₱240,000.00
Operating Expense ₱32,508.73
Total Expenses ₱520,475.65
Income before
Depreciation ₱765,227.99
Less: Depreciation Expense ₱13,523.13
Income before Tax ₱751,704.86
Less: Tax (30%) ₱225,511.46
Net Income ₱526,193.40
StrapLBS
Projected Income Statement
5 years
2023 2024 2025 2026 2027
Sales ₱1,836,719.48 ₱2,214,969.25 ₱2,303,492.62 ₱2,418,743.02 ₱2,830,419.79
Less: Cost of Sales ₱551,015.84 ₱664,490.78 ₱691,047.79 ₱725,622.90 ₱849,125.94
Gross Profit ₱1,285,703.63 ₱1,550,478.48 ₱1,612,444.84 ₱1,693,120.11 ₱1,981,293.85
Less: Administrative Expenses
Salaries and Benefits (Schedule 14) ₱112,560.00 ₱168,840.00 ₱168,840.00 ₱168,840.00 ₱168,840.00
Advertising Expense (Schedule 15) ₱10,859.92 ₱16,289.88 ₱16,778.58 ₱17,449.72 ₱18,322.21
Supplies Expense (Schedule 16) ₱36,397.00 ₱54,595.50 ₱55,141.46 ₱56,244.28 ₱57,931.61
Utilities Expense (Schedule 17) ₱82,000.00 ₱123,000.00 ₱126,690.00 ₱131,763.84 ₱138,352.03
Fees and Licenses (Schedule 10) ₱6,150.00 ₱6,150.00 ₱6,150.00 ₱6,150.00 ₱6,150.00
Rent Expense (Schedule 18) ₱240,000.00 ₱360,000.00 ₱360,000.00 ₱360,000.00 ₱360,000.00
Operating Expense (Schedule 13) ₱32,508.73 ₱39,245.71 ₱40,891.50 ₱43,017.38 ₱48,452.24
Total Expenses ₱520,475.65 ₱599,281.09 ₱605,651.53 ₱614,625.22 ₱629,208.09
Income before Depreciation ₱765,227.99 ₱951,197.38 ₱1,006,793.31 ₱1,078,494.89 ₱1,352,085.76
Less: Depreciation Expense ₱13,523.13 ₱13,523.13 ₱13,523.13 ₱13,523.13 ₱13,523.13
Income before Tax ₱751,704.86 ₱937,674.25 ₱993,270.18 ₱1,064,971.76 ₱1,338,562.63
Less: Tax (30%) ₱225,511.46 ₱281,302.28 ₱297,981.05 ₱319,491.53 ₱401,568.79
Net Income ₱526,193.40 ₱656,371.98 ₱695,289.12 ₱745,480.23 ₱936,993.84

Return on Investment
Return on investment calculates the profitability of the investment in terms

of return or gains from an investment.
StrapLBS return on investment for the first year is 43.85% and an average
yearly return on investment for 5 years is 59.34%. This denotes that the business
is performing well and will earn profits as the years goes by. Also, the higher
return of investment indicates that the partners are managing the business
appropriately.
The Return on Investment of StrapLBS is presented in table 17.
Table 17. Return on Investment

RETURN ON INVESTMENT (ROI)
Year Net Income Per Year
2023 ₱526,193.40 43.85%
2024 ₱656,371.98 54.70%
2025 ₱695,289.12 57.94%
2026 ₱745,480.23 62.12%
2027 ₱936,993.84 78.08%
Divide by 5
Average Net Income ₱712,065.71
Divide by Project Cost ₱1,200,000.00
ROI 59.34%
Within five years, the partners should see a return on their investment of
₱393,388.10 per partner and anticipate to break even on their investment in
around 31 months. This denotes that the business is realizing a satisfactory
financial gain.
CHAPTER VI
SOCIO-ECONOMIC ASPECT
The socio-economic aspect, which includes the amount of taxes to be paid

and the advantages that the public will receive from this business, is a
straightforward approach for StrapLBS to serve the community. StrapLBS is
looking forward to maximizing commercial profit and making numerous
contributions to the development of the economy.
The government may aid businesses that are having financial difficulties
by supporting them and encouraging them to consider the interests of society by
holding them accountable for the effects of their operations on customers,
employees, the government, and the environment. The socio-economic duties of
StrapLBS in society will be identified with the help of this chapter.
Government Benefits
The government will benefit from StrapLBS's periodic tax payments and
observance of the regulations imposed on all business owners by the
government. Taxes will assist the government in raising money for other
government projects and the enhancement of public services.
The business is anticipated to contribute significantly, with the potential to

improve society as a whole. This is advantageous to the government since the
business pays the appropriate taxes, and the government uses the money to
uphold law and order, achieve economic stability, and more.
Customer Benefits
The consumer will gain from StrapLBS in a variety of ways. The StrapLBS
provides to the public with advanced fitness equipment. It is the business’ desire
to supply customers with portable weights to help them expand their physical
fitness skills, challenging and encouraging members to reach their personal

fitness goals.
Employment Benefits
StrapLBS's workers are eligible to benefits since they are classified as the
"Bread and Butter" of StrapLBS, continually promoting service and a successful
operation of providing consumers with financial services. With this, StrapLBS is
required to provide something in exchange for the employees' work by providing
them with a suitable and fair wage package.
Environment Benefits
StrapLBS is responsible for taking good care of the environment

through proper waste segregation. The business will use garbage bags, and
waste will be separated into biodegradable and non-biodegradable, enabling the
business to help the environment stay clean. Thus, the excess of the elastic bond
will be donated to tailoring shops wherein, they will be recycled into apparels to
reduced waste.
IMPLEMENTATION
Table 19. Implementation.

ACTIVITIES MONTHS
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEPT
OCT
NOV
DEC
1. Preparation of
the business plan
2. Acquiring Capital
3.Registration of
the business
4.Acquiring Permits
5. Renovation of
the business
location
6.Purchasing of
equipment and
inventories
7. Business
Location Set Up
8. Training of the
owner/partners
9. Start of online
advertising
10. Official
business operation
CONCLUSION
It is concluded that the proposed StrapLBS business is viable in

conformity with the findings of this study.
As to the business management aspect it seems to be as effective as the

business is perceived to produce positive results in its future operations, with no
conflicts from the partners.
In terms of marketing, the business will continue to manufacture

resistance bands. The business will also continue to promote its offering to
encourage more customers to buy.
With regards to technological aspects, the products will be available on

various online marketplaces such as Lazada, Shopee, and TikTok. As per its
location It is regarded as a great opportunity for it is situated in an area where
cars frequently pass by, and it is also surrounded by residential areas.
In terms of its financial aspect, StrapLBS will attain 43.85% return on

investment for its first year and an average of 59.34% yearly return on
investment for the following years. Based on the results of the study it is
concluded that the business will be profitable enough for the partners to gain
profit and for the business to be implemented and operated.
According to its socioeconomic aspects, the business will benefit both

parties. By paying taxes on time, you can help the government and the economy.
Economic opportunities such as market access, economic growth, and so on and
life quality are both very high and promising. In terms of the business, its
management will constantly ensure that the business follows proper procedures
like segregation, sanitation, and cleanliness of the environment and the business
establishment.
ANNEX
SCHEDULES
Schedule 1. Working Capital

Amount
Cash ₱354,590.42
Inventories ₱579,246.58
Prepaid Supplies ₱36,397.00
Prepaid Rent ₱60,000.00
Total ₱1,030,234.00
Schedule 2. Property and Equipment

Amount
Machineries and Equipment ₱93,046.00
Furniture and Fixtures ₱33,816.00
Total ₱126,862.00
Schedule 3. Pre-operating Cost

Amount
Renovation of Office Unit ₱34,704.00
Feasibility Study Expense ₱2,050.00
Total ₱42,904.00
Schedule 4. Inventories
Inventories
PARTICULARS Amount
Stainless Steel ₱284,990.43
Silicone ₱51,936.48
Elastic Band ₱54,318.96
Velcro ₱54,501.01
Glue ₱2,197.80
Thread ₱432.90
Kraft Box ₱39,960.00
Thermal Label Sticker ₱999.00
Pouch ₱89,910.00
Total: ₱579,246.58
Schedule 5. Prepaid Supplies

OFFICE AND CLEANING SUPPLIES (Good for 8 mos)
Office Supplies
PARTICULARS QTY. UNIT COST TOTAL COST
Bond Paper 15 ₱875.00 ₱13,125.00
Ballpen 6 ₱99.00 ₱594.00
Calculator 4 ₱278.00 ₱1,112.00
Record Book 12 ₱82.00 ₱984.00
EPSON Ink 6 ₱1,100.00 ₱6,600.00
Correction Tape 5 ₱25.00 ₱125.00
Stapler 4 ₱75.00 ₱300.00
Staples 5 ₱25.00 ₱125.00
Scissors 4 ₱35.00 ₱140.00
Crafting Scissors 2 ₱55.00 ₱110.00
Cash Register 1 ₱474.00 ₱474.00
Pen Organizer 3 ₱75.00 ₱225.00
File Organizer 2 ₱100.00 ₱200.00
Total Office Supplies ₱24,114.00
Cleaning Supplies
PARTICULARS QTY UNIT COST TOTAL COST
Alcohol 5 ₱550.00 ₱2,750.00
Broom 3 ₱75.00 ₱225.00
Dustpan 2 ₱130.00 ₱260.00
Rag Set 10 ₱100.00 ₱1,000.00
Garbage Bag Big 10 ₱119.00 ₱1,190.00
Mop 2 ₱110.00 ₱220.00
Trash Bin 1 ₱320.00 ₱320.00
Bucket 1 ₱65.00 ₱65.00
Dipper 1 ₱25.00 ₱25.00
Air freshener 8 ₱90.00 ₱720.00
Total Supplies Expense (8 months) ₱30,889.00
Schedule 6. Prepaid Rent

Prepaid Rent Amount
2 months Advance ₱60,000.00
Total Prepaid Rent ₱60,000.00
Schedule 7. Machineries and Equipment

Machineries and Equipment
PARTICULARS: Amount
Laptop ₱37,998.00
Air Conditioner ₱29,998.00
Water Dispenser ₱5,798.00
Printer ₱8,900.00
Thermal Label Printer ₱1,604.00
Sewing Machine ₱10,300.00
Cellphone ₱30,000.00
Camera ₱17,799.00
Fire Extinguisher ₱1,999.00
Total Cost ₱144,396.00
Schedule 8. Furniture and Fixtures

PARTICULARS Amount
Working Table ₱8,550.00
Office Table ₱13,500.00
Office Chairs ₱6,000.00
Chairs ₱398.00
Storage Racks ₱8,970.00
Sofa ₱7,000.00
Total: ₱44,418.00
Schedule 9. Office Renovation Cost

Office Renovation Cost
PARTICULARS Amount
Paint ₱ 5,598.00
Paint Roller ₱ 408.00
Nails for wood ₱ 228.00
Cabinet drawer handle stainless steel ₱ 470.00
Horse Stainless steel door hinges ₱ 1,710.00
Wood Chips solid wood plank pine clapboard ₱ 1,990.00
Furniture cabinet door hinge ₱ 13,800.00
Labor cost ₱ 10,500.00
Total ₱ 34,704.00
Schedule 10. Fees and Licenses
FEES AND LICENSES
PARTICULARS AMOUNT
Business License ₱ 300.00
Barangay Clearance ₱ 300.00
Community Tax Certificate ₱ 1,000.00

Sanitary Permit ₱ 150.00
Fire Safety and Control Clearance ₱ 500.00
Police Clearance ₱ 200.00
Zoning Clearance ₱ 150.00
DTI Registration ₱ 2000.00
BIR Registration ₱ 500.00
Processing Fee ₱ 50.00
Mayor's Permit ₱ 400.00
SSS Clearance ₱ 300.00
PhilHealth Clearance ₱ 300.00
Total ₱ 6,150.00
Schedule 11. Feasibility Study Expense

Amount
Transportation ₱300.00
Printing ₱850.00
Book Binding ₱900.00
Total Feasibility Study Expense ₱2,050.00
Schedule 12. Sales
Daily Sales
DAILY INCOME PROJECTION LAZADA
(MONDAY)
1/2 lb resistance bands ₱ 289.22 0 ₱ 0.00

1lb resistance bands ₱ 403.43 2 ₱ 806.86
TOTAL ₱ 806.86
(TUESDAY)
TOTAL ₱ 981.87
(WEDNESDAY)
TOTAL ₱ 2,481.38
(THURSDAY)
TOTAL ₱ 1,096.08
(FRIDAY)
TOTAL ₱ 2,367.17
(SATURDAY)
TOTAL ₱ 3,234.83
(SUNDAY)
TOTAL ₱ 4,270.11
TOTAL SALES (LAZADA) ₱ 15,238.30
DAILY INCOME PROJECTION (SHOPEE)

MONDAY
TOTAL ₱ 981.87
TUESDAY
TOTAL ₱ 1,385.30
WEDNESDAY
TOTAL ₱ 1,560.31
THURSDAY
TOTAL ₱ 2,770.60
FRIDAY
TOTAL ₱ 1,674.52
SATURDAY
TOTAL ₱ 2,077.95
SUNDAY
TOTAL ₱ 2,306.37
TOTAL SALES (SHOPEE) ₱ 12,756.92
DAILY INCOME PROJECTION (TIKTOK)

MONDAY
TOTAL ₱ 1,674.52
TUESDAY

TOTAL ₱ 2,077.95
WEDNESDAY
TOTAL ₱ 2,306.37
THURSDAY
TOTAL ₱ 2,138.75
FRIDAY
TOTAL ₱ 1,902.94
SATURDAY
TOTAL ₱ 3,866.68
SUNDAY
TOTAL ₱ 3,234.83
TOTAL SALES (TIKTOK) ₱ 17,202.04
Weekly Sales
WEEKLY SALES PROJECTION
LAZADA
PERCENTAGE AMOUNT TOTAL WEEKLY
WEEKS WEEKLY SALES INCREASE/DECREASE INCREASE/DECREASE SALES
Week 1 ₱ 15,238.30 0% ₱0.00 ₱ 15,238.30

Week 2 ₱ 15,238.30 3% ₱ 457.15 ₱ 15,695.45
Week 3 ₱ 19,809.79 4% ₱ 792.39 ₱ 20,602.18
Week 4 ₱ 21,333.62 5% ₱ 1,066.68 ₱ 22,400.30
TOTAL ₱ 2,316.22 ₱ 73,936.23
SHOPEE

Week 1 ₱ 12,756.92 0% ₱0.00 ₱ 12,756.92

Week 2 ₱ 12,756.92 2% ₱ 255.14 ₱ 13,012.06
Week 3 ₱ 15,308.30 4% ₱ 612.33 ₱ 15,920.63
Week 4 ₱ 17,859.69 5% ₱ 892.98 ₱ 18,752.67
TOTAL ₱ 1,760.45 ₱ 60,442.28
TIKTOK
Week 1 ₱ 17,202.04 0% ₱0.00 ₱ 17,202.04

Week 2 ₱ 17,202.04 2% ₱ 344.04 ₱ 17,546.08
Week 3 ₱ 18,062.14 3% ₱ 541.86 ₱ 18,604.01
Week 4 ₱ 18,604.01 5% ₱ 930.20 ₱ 19,534.21
TOTAL ₱ 1,816.11 ₱ 72,886.33
Monthly Sales
MONTHLY SALES PROJECTION
LAZADA
PERCENTAGE AMOUNT
MONTHS MONTHLY SALES INCREASE/DECREASE INCREASE/DECREASE TOTAL MONTHLY SALES
May ₱ 73,936.23 0% ₱0.00 ₱ 73,936.23

June ₱ 73,936.23 3% ₱ 2,218.09 ₱ 76,154.32
July ₱ 76,154.32 2% ₱ 1,523.09 ₱ 77,677.40
August ₱ 77,677.40 -2% -₱ 1,553.55 ₱ 76,123.86
September ₱ 76,123.86 5% ₱ 3,806.19 ₱ 79,930.05
October ₱ 79,930.05 3% ₱ 2,397.90 ₱ 82,327.95
November ₱ 82,327.95 4% ₱ 3,293.12 ₱ 85,621.07
December ₱ 85,621.07 1% ₱ 856.21 ₱ 86,477.28

TOTAL ₱ 12,541.05 ₱ 638,248.16
SHOPEE
PERCENTAGE AMOUNT
May ₱ 60,442.28 0% ₱ 0.00 ₱ 60,442.28

June ₱ 60,442.28 4% ₱ 2,417.69 ₱ 62,859.98
July ₱ 62,859.98 6% ₱ 3,771.60 ₱ 66,631.57
August ₱ 66,631.57 3% ₱ 1,998.95 ₱ 68,630.52
September ₱ 68,630.52 4% ₱ 2,745.22 ₱ 71,375.74
October ₱ 71,375.74 2% ₱ 1,427.51 ₱ 72,803.26
November ₱ 72,803.26 3% ₱ 2,184.10 ₱ 74,987.36
December ₱ 74,987.36 2% ₱ 1,499.75 ₱ 76,487.10
TOTAL ₱ 16,044.82 ₱ 554,217.82
TIKTOK
PERCENTAGE AMOUNT
May ₱ 72,886.33 0% ₱ 0.00 ₱ 72,886.33

June ₱ 72,886.33 2% ₱ 1,457.73 ₱ 74,344.06
July ₱ 74,344.06 5% ₱ 3,717.20 ₱ 78,061.26
August ₱ 78,061.26 4% ₱ 3,122.45 ₱ 81,183.71
September ₱ 81,183.71 2% ₱ 1,623.67 ₱ 82,807.39
October ₱ 82,807.39 3% ₱ 2,484.22 ₱ 85,291.61
November ₱ 85,291.61 -2% -₱ 1,705.83 ₱ 83,585.78
December ₱ 83,585.78 3% ₱ 2,507.57 ₱ 86,093.35
TOTAL ₱ 13,207.02 ₱ 644,253.50
Yearly Sales
YEARLY SALES
LAZADA
2023 ₱ 638,248.16 0% ₱ 0.00 ₱ 638,248.16

2024 ₱ 638,248.16 20.19% ₱ 128,862.30 ₱ 767,110.47
2025 ₱ 767,110.47 5% ₱ 38,355.52 ₱ 805,465.99
2026 ₱ 805,465.99 6% ₱ 48,327.96 ₱ 853,793.95
2027 ₱ 853,793.95 7% ₱ 59,765.58 ₱ 913,559.52
TOTAL ₱ 275,311.36 ₱ 3,978,178.09
SHOPEE
2023 ₱ 554,217.82 0% ₱ 0.00 ₱ 554,217.82

2024 ₱ 554,217.82 21% ₱ 118,990.57 ₱ 673,208.38
2025 ₱ 673,208.38 5% ₱ 33,660.42 ₱ 706,868.80
2026 ₱ 706,868.80 3% ₱ 21,206.06 ₱ 728,074.87
2027 ₱ 728,074.87 4% ₱ 29,122.99 ₱ 757,197.86
TOTAL ₱ 202,980.04 ₱ 3,419,567.73
TIKTOK
2023 ₱ 644,253.50 0% ₱ 0.00 ₱ 644,253.50

2024 ₱ 644,253.50 18% ₱ 116,158.91 ₱ 760,412.40
2025 ₱ 760,412.40 6% ₱ 45,624.74 ₱ 806,037.15
2026 ₱ 806,037.15 2% ₱ 16,120.74 ₱ 822,157.89
2027 ₱ 1,066,279.87 3% ₱ 31,988.40 ₱ 1,098,268.27
TOTAL ₱ 209,892.79 ₱ 4,131,129.20
Schedule 13. Operating Expense (Sales Commission Expenses)

SALES COMMISSION EXPENSE
LAZADA SHOPEE TIKTOK TOTAL COMMISSION
YEAR (2%/item) (2.24%/item) (1%/item) EXPENSE
2023 ₱12,764.96 ₱ 13,301.23 ₱ 6,442.53 ₱ 32,508.73
2024 ₱15,342.21 ₱ 16,157.00 ₱ 7,604.12 ₱ 39,103.33
2025 ₱16,109.32 ₱ 16,964.85 ₱ 8,060.37 ₱ 41,134.54
2026 ₱17,075.88 ₱ 17,473.80 ₱ 8,221.58 ₱ 42,771.25
2027 ₱18,271.19 ₱ 18,172.75 ₱ 10,982.68 ₱ 47,426.62
Schedule 14. Salaries and Benefits

Amount
Salary (12,000 * 8) ₱96,000.00
SSS (1,590 * 8) ₱12,720.00
PAG-IBIG (240 * 8) ₱1,920.00
PHILHEALTH (240 * 8) ₱1,920.00
Total Salaries and Benefits for Year 1 (8 Months) ₱112,560.00
Total Annual Salaries and Benefits ₱168,840.00
Schedule 15. Advertising Expense

ADVERTISING EXPENSES
ADVERTISING COST QTY. TOTAL TOTAL COST TOTAL
COST
(monthly) (8 months) COST (1 yr)
₱ 375.50 (1,000
Facebook Ads impressions) 1 ₱375.50 ₱3,004.00 ₱4,506.00
₱ 393.97 (1,000
Instagram Ads impressions) 1 ₱393.97 ₱3,151.76 ₱4,727.64
₱ 588.02 (1,000
TikTok Ads impressions) 1 ₱588.02 ₱4,704.16 ₱7,056.24
Total Advertising Expense ₱1,357.49 ₱10,859.92 ₱16,289.88
YEARLY TOTAL YEARLY

PROMOTIONAL PERCENTAGE AMOUNT PROMOTIONAL
YEAR EXPENSE INCREASE INCREASE EXPENSE
2023 ₱10,859.92 0% ₱ 0.00 ₱10,859.92
2024 ₱10,859.92 50% ₱5,429.96 ₱16,289.88
2025 ₱16,289.88 3% ₱488.70 ₱16,778.58
2026 ₱16,778.58 4% ₱671.14 ₱17,449.72
2027 ₱17,449.72 5% ₱872.49 ₱18,322.21
Schedule 16. Supplies Expense
OFFICE AND CLEANING SUPPLIES (Good for 8 mos)

Office Supplies
UNIT TOTAL
PARTICULARS QTY. COST COST SUPPLIER
Bond Paper 15 ₱875.00 ₱13,125.00 N. Corpuz
Ballpen 6 ₱99.00 ₱594.00 NOVO
National
Calculator 4 ₱278.00 ₱1,112.00 Bookstore
National
Record Book 12 ₱82.00 ₱984.00 Bookstore
EPSON Ink 6 ₱1,100.00 ₱6,600.00 Dashma
Correction Tape 5 ₱25.00 ₱125.00 NOVO
Stapler 4 ₱75.00 ₱300.00 Pandayan
Staples 5 ₱25.00 ₱125.00 Pandayan

Scissors 4 ₱35.00 ₱140.00 Pandayan
Crafting Scissors 2 ₱55.00 ₱110.00 NOVO
Cash Register 1 ₱474.00 ₱474.00 NOVO
Pen Organizer 3 ₱75.00 ₱225.00 ME
File Organizer 2 ₱100.00 ₱200.00 Savemore
Total Office Supplies ₱24,114.00
Cleaning Supplies
UNIT TOTAL
PARTICULARS QTY COST COST SUPPLIER
Alcohol 5 ₱550.00 ₱2,750.00 PUREGOLD
Broom 3 ₱75.00 ₱225.00 NOVO
Dustpan 2 ₱130.00 ₱260.00 NOVO
Rag Set 10 ₱100.00 ₱1,000.00 M.E.
Garbage Bag Big 10 ₱119.00 ₱1,190.00 M.E.
Mop 2 ₱110.00 ₱220.00 NOVO
Trash Bin 1 ₱320.00 ₱320.00 M.E.
Bucket 1 ₱65.00 ₱65.00 NOVO
Dipper 1 ₱25.00 ₱25.00 M.E.
Air freshener 8 ₱90.00 ₱720.00 M.E.
Total Supplies Expense (8
months) ₱30,889.00
Total Annual Supplies Expense ₱45,988.50
YEARLY SUPPLIES EXPENSE

Yearly Supplies % Amount Total Yearly Supplies
Year Expense Increase Increase Expense
2023 ₱45,988.50 0% 0 ₱45,988.50
2024 ₱45,988.50 40% ₱9,340.00 ₱55,328.50
2025 ₱55,328.50 1% ₱553.29 ₱55,881.79
2026 ₱55,881.79 2% ₱1,117.64 ₱56,999.42
2027 ₱56,999.42 3% ₱1,709.98 ₱58,709.40
Schedule 17. Utilities Expense

SUPPLIER Amount
SMB WATER REFILLING
Drinking Water STATION ₱250.00
Water INWD ₱500.00
Electricity INEC ₱8,000.00

Internet CONVERGE ICT ₱1,500.00
Total ₱10,250.00
Total Utilities Expense Year 1 (8 Months) ₱82,000.00
Total Annual Utilities Expense ₱123,000.00
Yearly Utilities Expense

Yearly Utilities % Amount Total Yearly Utilities
Year Expense Increase Increase Expense
202
3 ₱82,000.00 0% ₱0.00 ₱82,000.00
202
4 ₱82,000.00 50% ₱41,000.00 ₱123,000.00
202
5 ₱123,000.00 3% ₱3,690.00 ₱126,690.00
202
6 ₱126,696.00 4% ₱5,067.84 ₱131,763.84
202
7 ₱131,763.84 5% ₱6,588.19 ₱138,352.03
Schedule 18. Rent Expense

Amount
Monthly rent ₱30,000.00
Total Rent Expense Year 1 (8 months) ₱240,000.00
Yearly Rent Expense ₱360,000.00
Schedule 19. Depreciation Expense

Est. Shelf Life (5
Equipment Total Cost yrs) Depreciation Amount
Laptop ₱ 37,998.00 6 years ₱6,333.00
Air Conditioner ₱ 29,998.00 10 years ₱2,999.80
Water Dispenser ₱ 5,798.00 5 years ₱1,139.60
Emergency Light ₱ 1,599.00 8 years ₱199.87
Printer ₱ 8,900.00 5 years ₱1,780.00
Thermal Label printer ₱1,604.00 8 years ₱205.00
Sewing Machine ₱ 5,150.00 8 years ₱643.75
Fire Extinguisher ₱ 1,999.00 9 years ₱222.11
Total ₱13,523.13
Schedule 20. Computation of Unit Cost

Product Unit Cost
1/2 lb
Stainless Steel ₱47.50
Silicon ₱68.28
Elastic Band ₱11.40
Velcro ₱5.44
Glue ₱3.00
Thread ₱2.00
Kraft Box ₱8.50
Pouch ₱18.00
Logistics Packaging ₱1.00
Total Cost ₱165.27
1 lb
Stainless Steel ₱95.00
Silicon ₱86.60
Elastic Band ₱11.40
Velcro ₱5.44
Glue ₱4.00
Thread ₱2.00
Kraft Box ₱0.15
Pouch ₱18.00
Logistics Packaging ₱1.00
Total Cost ₱232.09
Schedule 21. Individual Return on investment

INDIVIDUAL RETURN ON INVESTMENT (ROI)
Total Net Income (5 Years) ₱3,560,328.57
Less: Total Equity Contribution ₱1,200,000.00
Net Income (5 Years) ₱2,360,328.57
Divide by 6
Individual ROI (5 Years) ₱393,388.10
Divide by 5
Individual ROI Per Year ₱78,677.62
Divide by 12
Individual ROI Per Month ₱6,556.47
Divide from Individual Equity Contribution ₱200,000.00
Individual ROI in Months 31 months
BUSINESS LOGO
The logo illustrates the name of the business "StrapLBS" with a simple but
creative font with the illustration of weight bars beside it. The bars represent the
level of benefits and advantages when using the product. It goes from black to a
lighter shade as it represents the three stages of exercise: warm up, training and
cool down. It also represents the level of achievement that the consumers will
gain when incorporating the product to their exercise routine.
LOCATION LAYOUT
FLOOR LAYOUT
ARTICLES OF PARTNERSHIP
OF
StrapLBS
KNOW ALL MEN BY THESE PRESENTS:
That we, the undersigned partners, all of legal age, residents and citizens
of the Philippines have been agreed to sign a general partnership under the
following terms and conditions and subject to the provisions of existing laws of
the Republic of the Philippines.
AND WE HEREBY CERTIFY:
ARTICLE I: Partnership Name: that the name of the partnership shall be
StrapLBS
ARTICLE II: Business Purpose: That the purpose/s for which this partnership is
formed is/are:
1. TO SERVE EXCELLENT, AND UNIQUE PORTABLE TOOL FOR

HOME WORKOUTS
2. TO ENCOURAGE PATRONS TO MAKE CHANGES FOR A
HEALTHIER LIFESTYLE
3. TO INNOVATE VARITIES OF TOOLS FOR COMFORTABLE
WORKOUTS AND EXERCISE.
4. TO OFFER OTHER OPTION OF WORKOUT TOOLS IN THE
MARKET.
5. TO GAIN PROFIT.
ARTICLE III. Principal Place of Business: That the principal place of business
of this partnership shall be located at P. Gomez St., Brgy. 11 San Balbina, Laoag
City, Ilocos Norte.
ARTICLE OF IV. Term of Existence: That this partnership shall have a term of
Five (5) years from the original recording of its Articles of Partnership by the
Securities and Exchange Commission
ARTICLE V. Partners’ Circumstances: That the names, nationalities and

complete residence addresses of the partners are as follows:
NAME NATIONALITY ADDRESS

BARTOLOME, ALVIN FILIPINO BACARRA, ILOCOS NORTE
BUTAC, ABIGAIL FILIPINO VINTAR, ILOCOS NORTE
FLORES, ROSSLER FILIPINO LAOAG, ILOCOS NORTE
RAMIREZ, ARGEE KEY FILIPINO LAOAG, ILOCOS NORTE
TAYLAN, JOZEL FILIPINO BADOC, ILOCOS NORTE
TUMANENG, KATRINA FILIPINO BANNA, ILOCOS NORTE
ARTICLE VI. Capital Contributions: That the capital of this Partnership shall
be the amount of ONE MILLION AND TWO HUNDRED THOUSAND
(P1,200,000.00), Philippine Currency, contributed in cash by the partners,
as follows:
Name Amount Contributed
Abigail Butac ₱200,000.00
Katrina Tumaneng ₱200,000.00
Argee Key Ramirez ₱200,000.00
Jozel Taylan ₱200,000.00
Alvin Bartolome ₱200,000.00
Rossler Flores ₱200,000.00
That no transfer of interest which will reduce the ownership of Filipino

citizens to less than the required percentage of capital as provided by existing
laws shall be allowed or permitted to be recorded in the proper books of the
partnership.
ARTICLES VII. Sharing Ratios: That the profits and losses of this partnership.
Shall be divided and distributed proportionately on the ratio of the capital
contribution of each partner. (Limited partner shall be liable for losses only to the
extent of his/her contribution)
ARTICLE VIII. Management: That this partnership shall be under Alvin

Bartolome, who shall be in charge of the management of the affairs of the
business. He shall have the power to use the partnership name and in otherwise
performing such acts as are necessary and expedient in the management of the
firm and to carry out its lawful purpose.
ARTICLE IX. Undertaking to Change Name: That the partners undertake to

change the name of this partnership, as herein provided or as amended
thereafter, immediately upon receipt of notice or directive from the Securities and
Exchange Commission that another corporation, partnership or person has
acquired a prior right to the use of that name or that the name has been declared
as misleading, deceptive, confusingly similar to a registered name, or contrary to
public morals, good customs o public policy.
IN WITNESS WHEREOF, we have hereunto affixed our signature this June, day
of ____, 2022 at Capitol of Ilocos Norte
Alvin Bartolome Abigail Butac Rossler Flores

(Name of Partner) (Name of Partner) (Name of Partner)
Tin Tin Tin
Argee Key Ramirez Jozel Taylan Katrina Tumaneng

(Name of Partner) (Name of Partner) (Name of Partner)
Tin Tin Tin
SUBSCRIBED AND SWORN TO before me in Laoag City, Philippines on this

__ Day of _____, affiants personally appeared before me and exhibit their
competent evidence of identify indicated after their respective names, as follow:
Name TIN/ID/Passport No. Date and Place Issued
PUBLIC NOTARY
Doc. No.____
Page. No.____
Book. No.____
Series of 20____
LEASE AGREEMENT
KNOW ALL MEN BY THESE PRESENTS:
This contract is made and entered into by and between:
Mr. RICHARD GO, of legal age, married, Filipino citizen and a resident of
Brgy. 11, P Gomez Street, Laoag City, Ilocos Norte hereafter referred to as
LESSOR.
Witnesses:
Whereas, the LESSOR is the owner of the land and commercial building
located at Brgy. 11, P Gomez Street, Laoag City, Ilocos Norte and the LESSEE
desires to occupy the place at the said building.
Now, therefore, for and in consideration of the payment of the rents the
LESSOR hereby leases, lets and rent, unto the LESSEE, and the latter has
agreed to accept as he hereby accepts to rent/lease above mentioned space
under the following terms and conditions to wit:
6. That the term of the lease is for one (1) year commencing from
May 1, 2023 and expiring on May 1, 2024 during which period the
LESSEES shall be found to pay the LESSOR a monthly rental of
THIRTY THOUSAND PESOS (30,000) due and payable every first
day of the month without the necessity of demand;
7. Upon signing this Contract of Lease, the LESSEES shall

immediately pay to LESSOR the amount of Thirty Thousand
Pesos (php 30,000) as one month security deposit;
8. The LESSOR with his consent and approval hereby agrees for
whatever improvement the LESSEES wants to put up in the leased
premises, however it is being understood that all improvements
introduced by the LESSEES on the leased premises automatically
belongs to the LESSOR;
9. The LESSEES hereby expressly agrees and warrants that the
leased premises shall be used for their business registered as
“StrapLBS” and shall not divert the use of the premises without
the first securing a written consent from the LESSOR;
10. The LESSEES are prohibited from subleasing all or any part of the
leased premises. The LESSEES shall act as the caretaker of the
premises and as such he will see to it that no other settlers will
enter the property without the written consent of the LESSOR;
11. That both parties fully understood the consents of this Contract of
Lease.
IN WITNESS WHEREOF, we have hereunto set our hands this

__________________________________
Mr. Richard Go

_______________________
(SIGNATURE OVER PRINTED NAME)
LESSOR
LETTER TO RESPONDENTS
December 23, 2022
Dear Respondent:
Greetings!
We, the fourth-year students of Bachelor of Science in Business

Administration Major in Marketing Management are conducting a feasibility study
on a product called StrapLBS. Which aims to determine the feasibility of the
proposed business.
In connection, we would like to ask for your participation to answer the

attached questionnaire. Rest assured that all information provided will be kept
with utmost confidentiality and would be used for academic purposes only.
Thank you and God Bless!
Respectfully yours,
Bartolome, Alvin
Butac, Abigail
Flores, Rossler
Ramirez, Argee
Taylan, Jozel
Tumaneng, Katrina
MARKET SURVEY QUESTIONNAIRE
Direction: check ( ) on your corresponding answer.

A. Profile of Respondent
Gender:
o Male
o Female
Age:
o 15 years old and below
o 16 – 20 years old
o 41 years old and above
Employment Status:
o Employed
o Unemployed
o Self-employed
o Students
o Business Owner
o Others (Specify)________________
B. This portion are questions about the Proposed Business (StrapLBS).

1. Do you exercise?
o Yes
o No
2. If yes, how often?

o Once a week
o Twice a week
o Three times a week
o Four time a week
o Everyday
3. Do you use fitness equipment during your exercise?

o Yes
o Not really
o Sometimes
4. Which do you prefer to use

o Traditional weights
o Portable weights
o I don’t use any weights
5. Are you willing to use/ add innovative product like StrapLBS in your
exercise and or daily activities?
o Yes
o No
6. What day of the week you usually exercise?

o Monday
o Tuesday
o Wednesday
o Thursday
o Friday
o Saturday
o Sunday
7. Do you purchase fitness equipment online?

o Yes
o No
8. If yes, what online app you usually use?

o Lazada
o Shopee
o TikTok
o Others (specify)_____________________
BIBLIOGRAPHY
Medical Associates of Northwest Arkansas (2022). The Importance of Physical
Fitness. Retrieved September 18, 2022, from https://www.mana.md/the-
importance-of-physical-fitness
Chris Iliades, MD (October 5, 2021) 8 Ways Strength Training Boosts Your
Health and Fitness. Retrieved September 23, 2022, from
https://www.everydayhealth.com/fitness/add-strength-training-to-your-
workout.aspx
Better Health Channel (December 20, 2021) Exercise and mental health.
Retrieved September 23, 2022, from
https://www.betterhealth.vic.gov.au/health/healthyliving/exercise-and-
mental-health
Linda Melone. The 7 Scariest Workout Injuries and How to Prevent Them.
Retrieved October 10, 2022, from https://www.mensjournal.com/health-
fitness/7-scariest-workout-injuries-and-how-to-prevent-them/
Luis Reginaldo Medilo. Pag-IBIG Contribution Table and Payment Schedule for
2022. Retrieved October 10, 2022, from https://techpilipinas.com/pag-ibig-
contribution-table-payment-schedule/
Government PH. PhilHealth contribution Table 2022. Retrieved October 10,
2022, from https://governmentph.com/philhealth-table/
Z.com Philippines. SSS Monthly Contribution Table & Schedule of Payments
2022 (February 7, 2022) Retrieved October 10, 2022, from
https://web.z.com/ph/blog/sss-monthly-contribution/
Lazada. 2022 Marketplace Commission Rates (July 22, 2022) Retrieved
December 7, 2022, from
https://sellercenter.lazada.com.ph/seller/helpcenter/what-is-the-new-
commission-rate-5606.html
Shopee. Transaction Fees (December 1, 2022) Retrieved December 7, 2022,
from https://seller.shopee.ph/edu/article/1504/Seller-Transaction-Fee
TikTok Shop Seller University. MERCHANT TERMS OF SERVICE FOR TIKTOK
SHOP (Dec 5, 2022) Retrieved December 7, 2022, from https://seller-
ph.tiktok.com/university/article/agreement?knowledge_id=10009210
CURRICULUM VITAE
Alvin B. Bartolome
Brgy. 19 Bugas Bacarra, Ilocos Norte
alvinbartolome003@gmail.com
09062877441
Personal Background:
Age: 22
Sex: Male
Date of Birth: August 12,2000
Nationality: Filipino
Civil Status: Single
Educational Background:
Elementary Education Shamrock Elementary School
Secondary Education Ilocos Norte National High School
Tertiary Education Data Center College of The Philippines

Bachelor of Science in Business
Administration
Major in Marketing Management
2022-Present
Character Reference:
Cassandra G. Paraggua, PhD Liz Jamin D. Poblete, MBA
DCCP BSBA PROGRAM-HEAD Professor, DCCP
CURRICULUM VITAE
Abigail Butac
Brgy 34 Isic-Isic Vintar, Ilocos Norte
pedianabigail@gmail.com
09363377028
Age: 22
Sex: Female
Date of Birth: November 4,2000
Elementary Education Eliseo-Belen Elementary School
Secondary Education Isic-Isic National High School

Administration

2022-Present
CURRICULUM VITAE
Rossler Flores
Brgy. 23 P. Gomez St Laoag City, Ilocos Norte
frossler3@gmail.com
09454321693
Age: 27
Sex: Male
Date of Birth: April 18, 1995
Elementary Education South Crest School


Administration
2022-Present
CURRICULUM VITAE
Argee Key Ramirez
Brgy. 1 Roxas St Laoag City, Ilocos Norte
rgkeyramirez@gmail.com
09062877441
Age: 25
Sex: Female
Date of Birth: December 10, 1996
Elementary Education Sta Maria Elementary School


Administration
2022-Present
CURRICULUM VITAE
Jozel B. Taylan
Brgy. Mabusag Sur Badoc, Ilocos Norte
jozeltaylan9@gmail.com
09668201013
Age: 22
Sex: Female
Elementary Education Pasuc-Parang Elementary School
Secondary Education Badoc, Junior College Inc.


Administration
2022-Present
CURRICULUM VITAE
Katrina G. Tumaneng
Brgy. 16 Bugasi, Banna, Ilocos Norte
katrinakylieguillermo@gmail.com
09685872286
Age: 24
Sex: Female
Elementary Education Bugasi Elementary School
Secondary Education Caribquib National High School

Tertiary Education Data Center

College of The Philippines Bachelor of
Science in Business Administration
Major in
Marketing Management 2022-
Present

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DATA CENTER COLLEGE OF THE PHILIPPINES OF LAOAG CITY, INC.

BACKGROUND INFORMATION OF THE BUSINESS

Physical activity and exercise are important for everyone. Children,

Adding weights to an exercise is a sure way to help tone muscles,

StrapLBS is a manufacturing business that aims to produce a fashionable,

The partners decided to innovate and create this product to help

More people prefer online shopping over conventional shopping these

Name of the Proposed Business

The name of the proposed business is StrapLBS. The name StrapLBS

Location of the Proposed Business

The proposed business will be located at P. Gomez Street, Brgy. 11,

Vision, Mission Goals and Objectives

StrapLBS 'vision is to profoundly improve the quality of life of thousands of

StrapLBS mission is to provide the public with advanced fitness

Goals and Objectives

 To encourage the art and science of strength training.

Form of Business Organization

StrapLBS is a partnership form of business organization where properties

The organizational chart of StrapLBS will graphically represent the

Figure 1. The StrapLBS Organizational Chart

 Oversees the operations of the business.

 Prepares the production floor for daily production. Review

 Supervise the teams working in product development and

 Prepares necessary reports, and other functions.

 Maintains a safe and legal workplace.

 Answering and resolving online customer queries.

 Responsible for all online orders from receiving to delivery level.

 Creates marketing campaigns for the product.

 Processing of sales order in relation to purchasing, packing,

 Monitor, manage and update website content such as product

 Monitors and maintains current inventory levels

 Performs accounting duties such as recording the daily sales and

 Responsible for purchasing products or materials needed for the

The compensation package of StrapLBS is shown in table 1.

Table 1. Compensation Package

The weekly routine schedule of the partners is presented in table 2.

Table 2. Weekly Routine Schedule

POSITION MONDAY TUESDAY THURSDAY FRIDAY SATURDAY SUNDAY

MANAGER REST DAY BARTOLOME BARTOLOME BARTOLOME BARTOLOME BARTOLOME

SALES STAFF BUTAC REST DAY BUTAC BUTAC BUTAC BUTAC

SALES STAFF TAYLAN TAYLAN REST DAY TAYLAN TAYLAN TAYLAN

CASHIER RAMIREZ RAMIREZ RAMIREZ REST DAY RAMIREZ RAMIREZ

PRODUCTION TUMANENG TUMANENG TUMANENG TUMANENG REST DAY TUMANENG

PRODUCTION FLORES FLORES FLORES FLORES FLORES REST DAY

StrapLBS is a stylish and fashionable weights that can be strapped on the

Soleil Charcoal Turquois Gray Burgundy Olive Green Brown Beige

Price is an important aspect of a product, for it determines the

Table 3. Cost-Plus Pricing

StrapLBS primary target market will consist of individuals who want to

StrapLBS’s competitors are sellers offering gym equipments and other

StrapLBS will be sold through different Ecommerce platforms such as

Figure 2. The distribution strategy of STRAPLBS

Promotion is one of the key ingredients for a business to inform

Online advertising, specifically social media will be one of the tools to be

The advertising cost of the business is shown in table 4.

Table 4. Advertising Expense

ADVERTISING COST QTY. TOTAL COST

Facebook Ads ₱ 375.50 (1,000 impressions) 1 ₱ 375.50

Instagram Ads ₱ 393.97 (1,000 impressions) 1 ₱ 393.97

TikTok Ads ₱ 588.02 (1,000 impressions) 1 ₱ 588.02

Total Advertising Expense ₱ 1,357.49

business include the expansion of the business, online platforms are now

The SWOT Analysis of StrapLBS is shown in figure 3.