GENESIS COLLEGES INCORPORATED

SENIOR HIGH SCHOOL

SAN JUAN, PILI, CAMARINES SUR.

BEADED BEAUTIES

A Business Plan
presented to
Mr. John Paul De Silva
Entrepreneurship Teacher

In Partial Fulfillment
Of the Requirements for
ENT 104 - Entrepreneurship
2nd Semester SY 2022-2023

By:
Grijalvo, Angelico
Ibarondo, Jiell-anne
Lascano, Jackielyn
Lucena, Jay
Matos, May
Panaligan, Hazel Ayen Kaye
Parafina, Elisha Mae
Petil, Angel Ann

May 2023
 BUSINESS PLAN
BEADED BEAUTIES

I. EXECUTIVE SUMMARY

Pizza Bites is a new player in the food industry being affordable and easy to

bring. People nowadays especially the teenagers used to follow trends, that’s why we

think our product will attract people and make this a trend and this can also create a

social construct that they can help our environment in the reason our product is made

up of accessible organic ingredients. Our product can be customized depending on the

customer’s preference. This product is high-quality, accessible and more affordable than

our competitors since this is made by using affordable than our competitors since this is

made by using affordable but quality ingredients. Pizza Bites have various flavors and

style where costumers can pick from.

its advantage to penetrate market. Initial capitalization for our business is

₱20,000 good for one-month expenses. Expected revenue for 1 year is ₱280,500 while

total costs for goods sold amounted to ₱187,200. Our goal is to help our environment to
lessen the pollution by recycling some non-biodegradable trash, offer a high-quality

product and set another fashion trends.

II. MANAGEMENT AND ORGANIZATION

A. Company Name: BEADED BEAUTIES

B. Logo:

C. Address: Zone 2 Velarde St. San Antonio, Pili, Camarines Sur

D. Vision Statement: Beaded Beauties will be the leading provider of unique,

affordable, fashionable, and with a high-quality accessory that will satisfy the wants of

the people.

E. Mission Statement: Beaded Beauties is an ecologically responsible that can help

the environment through our product has made of recycled materials.

F: Key Personnel: Owner/Manager

G. Work Force and Support Personnel: Helper

H. Organizational Chart:

Owner

Manager

Advisory Council

Supervisor

Helper

Duties and Responsibilities:

1. Owner/Manager - He/she oversees and manages the business. He/she is

responsible and accountable for every decision or action for the business.
2. Advisory Council - They advise the owner in managerial aspects. They must be

knowledgeable on how the business runs. This position is on call only.

3. Helper - He/she creates and makes the product.

I. Ownership: Sole Proprietorship

J. Capitalization: ₱25,000

K. Compensation and Incentives:

Employees’ Salaries:

Manager -

Supervisor -

Advisory Council - ₱500

Supervisor -

Helper - ₱2,500 (P10 x 250 pcs.) (Weekend work)

Incentives:

13th month pay

Cash bonus

L. External Management Support: Parents

III. PRODUCT PLAN

A. Purpose of the Product

 Pizza Bites will offer a best meal . There are different styles to choose from and

we are also offering a customize bracelets based on your preferences and style. Also

Beaded Beauties is to create exquisite and unique jewelry pieces that showcase the

artistry and elegance of beadwork. Furthermore, Beaded Beauties is to offer customer a

stunning collection of handcrafted beaded jewelry that combines style, craftsmanship,

and personal expression, enhancing their beauty and allowing them to make a

statement with every piece they wear.

B. Products Unique Features

The unique features of Beaded Beauties products include intricate beadwork

designs, a wide variety of styles catering to different preferences, the use of high-quality

materials such as beads, crystals, and gemstones, customization options for

personalized jewelry, attention to details, versatility foe various occasions, handmade

craftsmanship with love.

Below are the samples of beaded bracelets:

C. Material and Equipment Requirements and Sources of Supply

MATERIALS SOURCES

Plastic beads Online shop

 Elastic string Online shop

Clasp and hook/connectors Online shop

Paper bag (packaging) Store in Pili

Designs Online shop

Table 1. Material requirements and sources

D. Production Process and Controls that will be used to manufacture the product

1. Create pattern or design

2. Put the beads on string/thread

3. Put the clasp and hook and connectors

4. Cut the excess thread

5. Put the product on paper bag and stick a paper sticker indicating the business logo

and put a thank you card/paper sticker.

E. Distribution Logistics

The Distribution Logistics of our product Beaded Beauties involves a systematic

process to ensure its smooth delivery to our customers. It involves efficient coordination

of transportation, and inventory management to ensure timely delivery of their exquisite

beaded accessories to customers worldwide. Beaded Beauty uses Facebook and

Instagram as the social media platforms to advertise products, bulk orders are minimum

of 50 pieces. The customers can pick if they want the product to be picked up or

delivered and the delivery fee will be pay by the customers.

F. Regulatory and Other Compliance Issues

In terms of regulatory and compliance issues, Beaded Beauties prioritizes

adherence to various industry standards and regulations. The product undergoes

rigorous testing and inspection to ensure compliance with relevant safety, quality, and

environmental regulations. The materials used in the production of the beaded jewelry

are carefully sourced to meet ethical and sustainable practices. Beaded beauties aim to

provide customers with a trustworthy and compliant product. The BIR will be process

after the documents from barangay, DTI, and Mayors’ office

IV. MARKET PLAN

A. Market Analysis which includes demand and supply vis-à-vis competitors

STRENGTHS WEAKNESSES OPPORTUNITIES THREATS

The product quality Risk of allergies Job opportunity Students

is good and the

prices are

reasonable.

It gives you a Risk of Fashionable and Tourist

powerful tool for misplacement unique

self-healing.

The beaded Discomfort Aesthetic Youth aesthetics

accessories can

used to it to heal

stress and anxiety

 Attractive look Inconvenience at The gifter

work

Preservation of The stylish shopper

heritage

Symbol of support The influencer

The practical

shopper

The sentimentalist

Table 2. SWOT analysis

B. Marketing and Sales Projection

Marketing Strategy

A competitive and encouraging campaign will aim to increase the visibility for

Beaded Beauties. This will focus on the customer’s desire to choose colorful and unique

accessories. Beaded Beauties will use different social media platforms to communicate

this message.

A. social media – People nowadays especially the youths are social media

inclined. Posting in social media is one of the best ways to attract customers and to

communicate with other people. Beaded Beauties will be active on different social

media platforms such as Facebook, Instagram and TikTok to showcase and advertise

the product. Also, Messenger app will be used in every transaction.

B. Online Resellers – beaded beauties will reach out to people in social media

who are reselling products and try to connect with them and affiliate with some of their
products. As we have seen, it has a big potential to widen the market. A linkage will be

established so that they’ll become aware of Beaded Beauties products.

C. Sales Strategy

A. customers are always after their convenience. Beaded Beauties sales strategy

will assure that purchasing their accessories will be on your convenience as it being

very affordable, easy to order, exciting and gives you a great experience. In order to do

this, the enterprise will create a Shopee shop account as well as Lazada and TikTok.

They will also have a Facebook Page and Instagram account to be available in any

platforms so that they will be accessible to the customers. New Designs will be

uploaded from time to time to notify the customers. Electronic payment like G-Cash,

Pay Maya, Bank to Bank transfer and other remittance centers to promote cashless

transaction. We may also have Cash on Delivery as a choice if the customer prefers to.

With these sales strategies, the brand develops the customer’s excitement to

order and convenience to pay at their own pace. Beaded Beauties prepare everything to

be at your convenience.

D. Product Characteristics or Feature

 Diverse bead Selection – the product offers a wide range of bead options,

including different shapes, sizes, colors and materials. This variety allows

customers to choose beads that suit their personal style and preferences.

 Versatility – Beaded Beauties can be used in various ways, such as jewelry

making, crafting, home décor, and fashion accessories. The beads can be easily
 incorporated into different projects, making them a versatile choice for creative

individuals.

 Eco-Friendly – Beaded Beauties promotes sustainability by utilizing eco-friendly

materials bead-making process. This characteristic appeals to environmentally

conscious consumers who seek products that minimize their ecological footprint.

 Affordability – Our products are high-quality yet budget friendly.

E. Pricing Policy

Business name will adopt the differing price based on the size and the design policy. As

such, below is the pricing scheme that will be adopted:

Retail Price:

Size of Beaded Bracelet Price

Small (fits to kids 3-6 age) ₱15

Medium (fits to youth 7-10 age) ₱20

Large (15 above age) ₱25

Extra Large (oversized) ₱30

Table 2.1 (Pricing Scheme Retail-Price)

Reseller Price:

Pizza size Price

Square mini pizza ₱30

Mini pizza pie ₱25

Round mini pizza ₱25

 Customized pizza ₱40

Table 2.2 (Pricing Scheme Retail-Price)

Size Resell Qty. Year Year 2 Year 3 Year 4 Year 5

er /Mo. 1

Price Qty. Sales in Qty. Sales in Qty. Sales in Qty. Sales in Qty. Sales in

Peso Peso Peso Peso Peso

Squar 10 166 2,000 20,000 2,200 22,000 2,420 24,200 2,662 26,620 2,928 29,282

e mini

pizza

M 15 333 4,000 60,000 4,400 66,000 4,840 72,600 5,324 79,860 5,856 87,846

L 20 416 5,000 100,000 5,500 110,000 6,050 121,000 6,655 133,100 7,320 146,410

XL 25 250 3,000 75,000 3,300 82,500 3,630 90,750 3,993 99,825 4,392 109,807

Total 1,165 14,000 255,000 15,400 280,500 16,940 308,550 18,634 339,405 20,496 373,345

F. Sales Projections

Table 2.3 (Sales Projections)

*Qty./month means Quantity per Month.

*For year 1 computation of qty.

Qty. per year multiple 12 (no. of months in 1 Year)

=166×12 =2000

Formula used:
(Qty for year 1 multiply the given percentage) plus Qty. for year 1 =Qty. for Year 2

(2000×.10) + 2000

=200+2000

=2200 Qty. for year 2

*For peso computation:

Qty. for Year =Qty. multiply by reseller price

=2000×10

=20,000 Price for year 1

*Do the same step for Quantity for year 3-5.

*The increase of Qty. per year from years 2-5, is 10%

G. Market Analysis Summary

To increase market penetration, Beaded Beauties bracelets will offer variety of colors

bracelets that is made of alluring beads. At the same time, competition and encouraging

marketing campaign will be done to increase the visibility of Beaded Beauties products

using different types of social media and scouting potential online resellers to widen the

market. The enterprise offers price differential based on the size and designs with the

price ranging from ₱10-₱30.

V. FINANCIAL PLAN
A. Start-up Summary

Expenses Cost/pc. 1000 pcs. – Total Year 1

Qty./Month

Elastic String (5 28 5,600 67,200

beaded bracelet per 1

yard)

Utilities (water, 2,000 2,000 24,000

electricity, and internet)

Labor 10,000 10,000 120,000

Permit and License 3,000 3,000 3,000

Total 20,600 214,200

Table 3.1 (Start-up Summary)

Notes:

*Total quantity per month based from the sales projection.

*Add all the salaries of the employees to get the Labor cost.

*Elastic string, permit and license, and utilities cost are based on their actual cost.

Formula used:

*Cost/pc multiply to the total qty. per month

*Since every 1 yard of elastic string can make 5 bracelet, total qty. per month divide 5 is

equal to 200.

=28 x 200
=5,600

For 1 year:

*Total qty. per month multiplies by 12 (except for permits and license)

=5,600 x 12

= 67,200

B. Financial Projections

BEADED BEAUTIES

PROJECTED INCOME STATEMENT FROM YEARS 1-5

Year 1 Year 2 Year 3 Year 4 Year 5

Revenues 280,500 308,55 339,405 373,345 410,679

Cost of Goods Sold 187,200 205,92 226,512 249,163 274,079.52

Materials 11,424 12,566 13,872 15,204 16,724

Labor 120,000 132,00 145,200 159,720 175,692

Gross Profit 93,300 102,63 112,893 124,182 136,000

Expenses 27,000 29,700 32,670 35,937 39,530

Utilities Expenses 24,000 26,400 29,040 31,944 35,138

Permit and Licenses 3,000 3,000 3,000 3,000 3,000

Income before Interest and 66,300 72,930 80,223 88,245 97,064

 Taxes

Tax 21,216 23,337 25,671 28,237 31,061

Net Income 45,084 49,592 54,551 60,006 66,006

Table 3.2 (Financial Projections – Income Statements)

Note:

*Income Statement – is a financial statement that shows you how profitable your

business will be within a given period.

*Revenues from total sales projection table-Year 1 Sales in Peso

*Cost of goods sold from start-up summary table, all the materials cost needed in

production of goods like elastic string and labor

*Gross profit is equal to Revenues less Cost of Goods Sold.

*Expenses include all the expenses that are not included in cost of goods sold like

utilities, permits, and licenses.

*Income before Interest and Taxes = Gross profit - expenses.

*Tax = 32% (tax rate) of Income before Interest and Taxes

E.g., 66,300 x .32=21,216

*Net Income = Income before Interest and Tax less Tax

To compute for years 2-5:

*Do the same procedure

*Cost of goods sold and expenses multiply to the desired percentage you want. In that

projection, 10% increase per year is used to get the amount for years 2-5 (except for

permit and licenses).

BEADED BEAUTIES

PROJECTED CASH FLOW FROM YEARS 1-5

Year 1 Year 2 Year 3 Year 4 Year 5

Beginning Balance 20,600 179,640 282,88 406,154 541,394

Cash Inflows (Income)

Cash Sales 280,500 300,550 339,40 373,345 410,679

Total Cash Inflows 301,100 480,190 622,88 779,499 952,073

Cash Outflows

Materials 11,424 12,566 13,822 15,204 16,724

Labor 120,000 132,000 145,20 159,720 175,692

Utilities 24,000 26,400 29,040 31,944 35,138

Permits and Licenses 3,000 3,000 3,000 3,000 3,000

Owner’s Withdrawal 21,216 23,337 25,671 28,237 31,061

Total Cash Outflows 158,424 197,303 216,73 238,105 261,615

Ending Cash Balance 142,676 282,887 406,15 541,394 690,458

 4

Table 3.3 (Financial Projections – Cash Flow)

Note:

*Cash Flow – this financial statement shows the flow of cash (inflow and outflow).

*Beginning balance for the year 1 is based on start-up summary total qty. per month.

For the years 2-5, the ending cash balance of the preceding year will be the beginning

balance for the current year.

*Cash sales are based on the sales projection table from the total sales in peso per

year.

*Total Cash Inflows = Beginning year + cash sales plus + cash inflows

*Total Cash Outflow = Expenses plus Payable and withdrawal. *In that projection, 10%

increase per year is used to get the amount for years 2-5 (except for permit and

licenses).

*Owner’s Withdrawal is projected amount only.

*Ending Cash Balance = Total Cash Inflows – Total Cash Outflows.

E.g., in Year 1

=301,100 - 158,424

=142,676

BEADED BEAUTIES

PROJECTED BALANCE SHEET

 Year 1 Year 2 Year 3 Year 4 Year 5

ASSETS

Current Asset

Cash at Hand 45,08 67,081 74,085 82,726 90,258

Total Current Asset 45,08 67,081 74,085 82,726 90,258

Fixed Assets

Total Fixed Assets

Total Assets 45,08 67,081 74,085 82,726 90,258

LIABILITIES AND EQUITY

Current Liabilities

Income Tax Payable 21,21 23,337 25,671 28,237 31,061

Short-Term Payables 21,21 23,337 25,671 28,237 31,061

Total Current Liabilities

Total Liabilities 21,21 23,337 25,671 28,237 31,061

Capital 20,00

0
 Add: Net Profit 45,08 67,081 74,085 82,726 90,258

Less: Drawings 21,21 23,337 25,671 28,237 31,061

Net Capital 23,86 43,744 48,414 54,489 59,197

Total Liabilities and Equity 45,08 67,081 74,085 82,726 90,258

Table 3.4 (Sales Projections – Balanced Sheet)

Note:

*Balanced Sheet – the financial statement that reports a company’s assets, liabilities,

and owner’s equity within a given period.

*Always remember that in Balanced Sheet the Total Assets must be equal to Total

Liabilities and Equity.

*Assets and Liabilities consist of current and non-current.

*Current assets are cash and other assets converted to cash within a year while non-

current assets are cash and other assets that will not be realized or converted within a

year.

*Current liabilities are liabilities or short-term financial obligation that are due within a

year while non-current liabilities are long-term financial obligations that the due is more

than a year.
*Cash at hand is based on Net Income.

*Income tax payable=32% (tax rate) of Income before interest and taxes

*Capital is based on the cost per month in start-up summary table.

*Drawings – total drawings for the period.

*Net Capital = Capital Beginning + Net Profit – Drawings

*Total Liabilities and Equity = Total Liabilities + Net Capital