Business Plan 1

Republic of the Philippines
BATANGAS STATE UNIVERSITY

The National Engineering University
Pablo Borbon Main I
Rizal Avenue, Batangas City
COLLEGE OF ACCOUNTANCY, BUSINESS, ECONOMICS AND

INTERNATIONAL HOSPITALITY MANAGEMENT
Custom Administration and Public Administration Department
BUSINESS PLAN FOR
In Partial Fulfillment for Entrepreneurial Management
A.Y. 2022-2023
BARRAL, SOPHIA MAICA

MACALALAD, FRANCYN SIGRID, A.
FINMGT - 3206
MARINETTE M. ANDAYA
INSTRUCTOR
Leading Innovations, Transforming Lives, Building the Nation

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TABLE OF CONTENTS
Chapters
I. EXECUTIVE SUMMARY ………………………………………….3
II. COMPANY DESCRIPTION…………………………………….....4 - 5
III. DESCRIPTION OF THE PRODUCT OR SERVICE…………...5 - 6
IV. MARKET ANALYSIS……………………………………………...6 - 7
V. MARKETING PLAN………………………………………………...7
VI. OPERATION PLAN………………………………………………...8 - 12
VII. FINANCIAL PLAN……………………………………………13 – 17
VIII. BIBLIOGRAPHY
IX. APPENDICES

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EXECUTIVE SUMMARY
The purpose of writing a business plan is to determine not just what is

indicated on these variables but also the economic status that is rapidly changing.
As we all know, change is constant. Blue Space, Inc. aims to produce a
technologically-driven product that will ease our consumers’ problems with their
electronic devices, especially their chargers. That is why our company came up
with the idea to produce a product which is the “Techno Wireless Charger”. By
using our product, you can guarantee a high-class quality and futuristic model that
is out of this world. We can also guarantee that our product is new and improved.
Our start-up capital is ₱750,000. It will be used for the overall expenses of
our business which includes our suppliers, the rent, office materials, etc. Blue
Space, Inc. was founded on April 16, 2023. Our product is durable and free of
damage and malfunction. We improved our product by adding customized
lighting which is composed of either blue, red, white, or random colors which suit
their preference and satisfy our customers’ needs. Our product testing is
successful and it is compatible with all brands and devices. We use
advertisements, Facebook pages, and tarpaulins in marketing and advertising our
products.

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COMPANY DESCRIPTION
The global wireless charging market was worth $5.48 billion in 2021 and
is expected to be worth $34.65 billion by 2030, reflecting a CAGR of 22.73%
from 2021 to 2030. One of the primary reasons fueling the overall market growth
over the forecast period of 2020-2030 is the increasing adoption of wireless
technology in consumer electronics. In January 2021, the global population of
active digital technology users was 4.66 billion, accounting for over 59.5% of the
global population. 92.6% (i.e. 4.32 billion) of these users accessed the internet
wireless (through mobile devices).
Blue Space is a technology firm that offers high-quality Wireless charger

empowering design infused with a sense of modern style and designed by the
highest-paid IT from different parts of the Philippines. Francyn Sigrid A.
Macalalad, the company's General Manager, will represent the company upon
registration. The blue space firm is a wholesale company that will buy in bulk
from a manufacturer and sells it to a small business or a retail establishment. Ms.
Francyn Sigrid Macalalad and Sophia Maica Barral own Blue Space Company in
partnership with various investors. They are the ones who bring the techno into
the business. They are the ones that wish to establish the wireless charger in the
country to make everyone a customer. This company will be managed by the
general manager, and the finance manager and marketing manager will report to
him. They will be in charge of monitoring and coordinating monthly reporting,
budgeting, and forecasting operations. Back office services include accounts
payable, collection, and payroll, as well as cash flow monitoring. And the
operations manager will be in charge of overseeing activities related to the

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manufacturing of goods and services. The other staff will report to the operating
manager. The product will be distributed by the company by selling it to a small
or medium-sized business or retailer in the country.
DESCRIPTION OF THE PRODUCT
Techno Wireless Charger is a fast-charging wireless charger that has a

LED light that surrounds the “12” inch disc-like structure that can be in a variety
of colors to choose from. Those colors can be white, red, blue, etc. LED colors
can be customized depending on our customer’s preferences. There will also be a
charger outlet that is located at the back of the wireless charger. Together with it
is a list of instructions on how it will function and what hazards are inclined. Our
product is unique because we give our customers the freedom to choose the color
they like to ensure the success of our company. The factors that will help in the
success of our product are its futuristic features and how will it benefit our
customers in many ways. Our product is safe because not just the fact that it is
wireless but also this is user-friendly once you’ll encounter a problem or concern
with our product there is a code located at the bottom part of the wireless charger
which will bring you to our website and speak to our customer service.
A. Overview

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MARKET ANALYSIS
Nowadays, everyone possesses a cellphone or a mobile device, and the

most common issue they confront is a faulty charging cable. The ongoing
challenges presented Blue Space with an opportunity to enter the market.
According to Datereportal, there were 168.3 million active cellular mobile
connections in the Philippines in early 2023, representing 144.5 percent of the
entire population. As a result, there is a high demand for the charger.

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According to Datereportal, there were 168.3 million active cellular mobile

connections in the Philippines in early 2023, accounting for 144.5 percent of the
total population. As a result, there is a huge demand for the charger in the country.
The techno-wireless charger will be available in the market daily, but because our
product is made of high-quality materials, it will be sold or purchased only once
by each smartphone user.
The techno wireless charger is a high-end wireless charger that is a fast,

convenient, and cable-free way to charge your electronic device, and it does not
require a plug since it is powered by a battery that can be charged by an outlet or
by the sun. The techno wireless charger can be bought in the market for P 1,200
since it has the greatest quality at a lower price that everyone can afford.
MARKETING PLAN
In choosing a place to sell our product, we will be looking for a place that
can be easily seen like the streets. We will be selling our product in a stall which
displays the product and its features to catch the attention of the customers. We
will indicate how our product is worth buying and what benefits they will derive
from purchasing our product. The packaging of our product is in a box-type
structure where you will see the picture of the wireless charger at the front
together with the brand name, the date of production, and the company name at
the top. At the back, you will discern the materials used in the production of the
product, the precautions, and the benefits of this product. The fast charging
wireless symbol is that it is a durable product and can charge your phone as fast as
thirty minutes only. Our target market is the youth because they tend to spend

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most of their time on their phones and gadgets and playing role-playing games
like Mobile Legends, Genshin Impact, Call of Duty, and more. That is why it
gives us the advantage to market it to them and make our product affordable for
as low as ₱ 1.200.
OPERATIONS PLAN
Blue Space is a technology company that provides high-quality wireless

chargers, empowering design, and modern aesthetics. The blue space firm
provides a wireless charger that is extremely economical and made of the best
quality materials available on the market. The wireless charger has a unique
characteristic that no other company has: it can be fueled by both sunlight and
electricity at the same time. It is handy to use since you can take it with you when
you travel. The goal of the blue space firm was to provide the finest wireless
charging experience possible. In order to provide such an experience to everyone,
the business will import a wireless charger from its foreign sister company. The
product will then be distributed by the corporation to a small company within the
country.
Plant Location
The factory will be located in San Jose Sico, Batangas City, and the
product will be validated, tested, and packed there before distribution.

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Plant Layout

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Material and Equipment Requirements and Sources of Supply. The material

requirements and their sources are as follows:
Materials Resources
Wireless Charger Techno wireless charger company from a sister

company in Japan
Carton packaging Carton packaging distributor from Batangas City
Logo stickers and Blue Space Company

labels
Manufacturing Process / Service Process
The blue space company has already produced a batch of wireless chargers that
will be distributed at various points of sale. Due to the overwhelming demand for
wireless chargers, it reorders a new batch from its sister firm.
In this situation, the raw materials bought in advance serve as the company's
inventory. And the previously supplied final items serve as inventory for retail
shops that will offer chargers in the future.

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Pre-ordering wireless chargers allows the company to create and sell chargers on
a regular basis, ensuring that the lead time does not keep consumers waiting or
push them to switch to a competitor's charger.
Production Schedule / Capacity
2023 2024 2025 2026
Daily 300 310 320 330
Weekly 1,500 1,550 1,600 1,650
Monthly 6,000 6,200 6,400 6,600
Yearly 72,000 74,400 78,800 79,200
Production Cost
Cost per unit Total Annual Cost
Direct material Used 1,700 122,400,000.00
Direct labor 600 43,200,000.00
Factory Overhead 7,000 504,000,000.00
Total Production Cost 9,300 669,600,000.00
FINANCIAL PLAN

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PROJECTED INCOME STATEMENT
BLUE SPACE, INC. TECHNO WIRELESS CHARGER
PROJECTED INCOME STATEMENT FROM YEARS 1-5
Year 1 Year 2 Year 3 Year 4 Year 5
Revenues 1,267,700 1,535,570 1,644,727 1,869,216 1,907,164
Cost of Goods Sold 745,976 869,164 886,780 995,458 1,157,804

Materials 348,076 388,584 436,442 463,986 497,584
Labor 239,452 358,783 491,593 535,452 597,459
Gross Profit 295,774 328,436 372,987 476,788 586,140
Expenses 92,050 95,268 155,690 164,854 178, 985
Utilities Expenses 65,000 73,500 89,540 90,655 105,686
Miscellaneous 30,400 45,565 59,040 66,944 87,958

Expenses

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Permit and Licenses 6,000 6,000 6,000 6,000 6,000
Income before 254,724 236,426 265,307 276,984 350,156

Interest and Taxes
Tax 65,152 73,870 88,456 93,638 97,788
Net Income 1,465,856 3,445,849 4,547,446 4,575,986 5,435,939
PROJECTED CASH-FLOW STATEMENT
PROJECTED CASH FLOW FROM YEARS 1-5
Beginning Balance 83,073 215,327 360,479 528,976 718,412
Cash Inflows
(Income)
Cash Sales 1,028,700 1,131,57 1,244,727 1,369,216 1,506,144

0
Total Cash Inflows 1,111,773 1,346,89 1,605,206 1,898,192 2,224,556

7
Cash Outflows
Materials
348,076 388,584 436,442 463,986 497,584

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Labor
239,452 358,783 491,593 535,452 597,459
Utilities 60,000 66,000 72,600 79,860 87,846
Miscellaneous
30,400 45,565 59,040 66,944 87,958
Permit and Licenses

6,000 6,000 6,000 6,000 6,000
Owner's Withdrawal 70,587 88,973 94,843 104,485 146,266
Total Cash 896,497 965,966 1,069,758 1,493,533 1,6749966

Outflows
Ending Cash 413,367 458,459 586,885 865,264 935,172

Balance

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PROJECTED BALANCE SHEET
PROJECTED BALANCE SHEET
ASSETS
Current Asset
Cash at hand 155,567 176, 396 184,627 196,755 205,743
Total Current Asset 155,567 176, 396 184,627 196,755 205,743
Total Assets 155,567 176, 396 184,627 196,755 205,743
LIABILITIES AND EQUITY
Current Liabilities
Income Tax Payable 68,431 74, 270 82, 438 89, 645 97, 430
Total Current Liabilities 68,431 74, 270 82, 438 89, 645 97, 430
Total Liabilities 68,431 74, 270 82, 438 89, 645 97, 430

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Capital 96,576
Add: Net Profit 145,473 157,545 169,487 187,693 257,729
Net Capital 77,042 83,275 87,049 98,048 160,299
Total Liabilities and Equity 145,473 157,545 169,487 187,695 257,729
BIBLIOGRAPHY
A. Online Resources
CMS Electracom (2022, The benefits of wireless charging. Retrieved from
https://cmselectra.com/news/the-benefits-of-wireless-charging/?
fbclid=IwAR0FzCmU_oht2WCLpdzYMTU5lPqkiQEVk2thZU-
SnSHn1430qaTRZFvMlPw

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Electronic notes (2023), Qi Wireless Charging Standard. Retrieved from

https://www.electronics-notes.com/articles/equipment-items-gadgets/wireless-
battery-charging/qi-wireless-charging-standard.php?
fbclid=IwAR2K4Xu7ofECZsIUC_-
exuAx8yx6dNbFDV8G7mZWhb_MS6BKvWjdV89M8zw
iPrice Venture (2023),

https://iprice.ph/phones-tablets/accessories/cable-chargers/wireless/
Krista A., (2021), The Pros and Cons of Wireless Charging. Retrieved from
https://www.rokform.com/blogs/rokform-blog/the-pros-and-cons-of-wireless-
charging?
fbclid=IwAR1rwmRnREHF5x79UbD15Xixj3GKbMwyHSTDybSEnwJNiIsVrV
2FVyRhhDc
Margaret Rouse (2022), What Does Wireless Charging Mean?. Retrieved from
https://www.techopedia.com/definition/15049/wireless-charging?
fbclid=IwAR2t4crVRqtn7diMfr7wk9LCpZtCxyf04KKQceVDSq0mepdsBQCpQeo
nais
Mearian Lucas (2018), Wireless charging explained: What is it and how does it
work?. Retreived from

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https://www.computerworld.com/article/3235176/wireless-charging-explained-
what-is-it-and-how-does-it-work.html?
fbclid=IwAR2t4crVRqtn7diMfr7wk9LCpZtCxyf04KKQceVDSq0mepdsBQCpQ
eonais
New York, United States, June 13, 2022 (GLOBE NEWSWIRE) -- Wireless
Charging Market to reach $34.65 Billion in 2030 with a CAGR of 22.73
https://www.globenewswire.com/en/news-release/2022/06/13/2460874/0/en/
Wireless-Charging-Market-to-reach-34-65-Billion-in-2030-with-a-CAGR-of-22-
73.html
Renesas Electronics Corporation (2022),Introduction to Wireless Battery

Charging. Retrieved from https://www.renesas.com/us/en/products/power-power-
management/wireless-power/introduction-to-wireless-battery-charging?
fbclid=IwAR0b-
jAc2UbqckJGq6y5RrGq6NVl9kNRpJ7rKoHXTKlWHFQMdOjLh0Qag3M
APPENDICES
Blue Space, Inc. wants to create a technologically advanced product that

will solve our customers' charging-related issues with their electronic gadgets.
Because of this, our firm came up with the concept for the "Techno Wireless

Pablo Borbon Main I

Charger" product. By including specialized illumination made of either blue, red,

white, or random colors to fit their preferences and meet their demands, we
improved our product. Our product has passed testing and is compatible with all
devices and brands. The market for wireless charging was valued at $5.48 billion
in 2021, and by 2030, it is anticipated to be worth $34.65 billion, with a CAGR of
22.73%. The growing adoption of wireless technology in consumer electronics
throughout the forecast period of 2020–2030 is one of the key factors driving the
market's overall expansion. Over 59.5% of the world's population, or 4.66 billion
people, were active users of digital technology in January 2021. 4.32 billion of
these users, or 92.6%, used mobile devices to access the internet wirelessly. An
LED light surrounds the "12" inch disc-like structure of the fast-charging wireless
charger Techno Wireless Charger, which comes in a range of colors. They could
be white, red, blue, or another color. Depending on the preferences of our
customers, LED colors can be altered. At the back of the wireless charger, there
will also be a charger outlet. Since it is powered by a battery that can be recharged
by an outlet or the sun, the technological wireless charger is a high-end wireless
charger that is a quick, practical, and cord-free solution to charge your electronic
gadget. Since it offers the highest quality at a cost that everyone can afford, the
techno wireless charger is available for purchase in the market for ₱ 1,200.

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Republic of the Philippines

BATANGAS STATE UNIVERSITY

COLLEGE OF ACCOUNTANCY, BUSINESS, ECONOMICS AND

BUSINESS PLAN FOR

In Partial Fulfillment for Entrepreneurial Management

BARRAL, SOPHIA MAICA

Leading Innovations, Transforming Lives, Building the Nation

COLLEGE OF ACCOUNTANCY, BUSINESS, ECONOMICS AND

Leading Innovations, Transforming Lives, Building the Nation

COLLEGE OF ACCOUNTANCY, BUSINESS, ECONOMICS AND

The purpose of writing a business plan is to determine not just what is

Leading Innovations, Transforming Lives, Building the Nation

COLLEGE OF ACCOUNTANCY, BUSINESS, ECONOMICS AND

Blue Space is a technology firm that offers high-quality Wireless charger

Leading Innovations, Transforming Lives, Building the Nation

COLLEGE OF ACCOUNTANCY, BUSINESS, ECONOMICS AND

DESCRIPTION OF THE PRODUCT

Techno Wireless Charger is a fast-charging wireless charger that has a

Leading Innovations, Transforming Lives, Building the Nation

COLLEGE OF ACCOUNTANCY, BUSINESS, ECONOMICS AND

Nowadays, everyone possesses a cellphone or a mobile device, and the

Leading Innovations, Transforming Lives, Building the Nation

COLLEGE OF ACCOUNTANCY, BUSINESS, ECONOMICS AND

According to Datereportal, there were 168.3 million active cellular mobile

The techno wireless charger is a high-end wireless charger that is a fast,

Leading Innovations, Transforming Lives, Building the Nation

COLLEGE OF ACCOUNTANCY, BUSINESS, ECONOMICS AND

Blue Space is a technology company that provides high-quality wireless

Leading Innovations, Transforming Lives, Building the Nation

COLLEGE OF ACCOUNTANCY, BUSINESS, ECONOMICS AND

Leading Innovations, Transforming Lives, Building the Nation

COLLEGE OF ACCOUNTANCY, BUSINESS, ECONOMICS AND

Leading Innovations, Transforming Lives, Building the Nation

COLLEGE OF ACCOUNTANCY, BUSINESS, ECONOMICS AND

Material and Equipment Requirements and Sources of Supply. The material

Wireless Charger Techno wireless charger company from a sister

Carton packaging Carton packaging distributor from Batangas City

Logo stickers and Blue Space Company

Manufacturing Process / Service Process

Leading Innovations, Transforming Lives, Building the Nation

COLLEGE OF ACCOUNTANCY, BUSINESS, ECONOMICS AND

Production Schedule / Capacity

2023 2024 2025 2026

Daily 300 310 320 330

Weekly 1,500 1,550 1,600 1,650

Monthly 6,000 6,200 6,400 6,600

Yearly 72,000 74,400 78,800 79,200

Cost per unit Total Annual Cost

Direct material Used 1,700 122,400,000.00

Direct labor 600 43,200,000.00

Factory Overhead 7,000 504,000,000.00

Total Production Cost 9,300 669,600,000.00

Leading Innovations, Transforming Lives, Building the Nation

COLLEGE OF ACCOUNTANCY, BUSINESS, ECONOMICS AND

PROJECTED INCOME STATEMENT

BLUE SPACE, INC. TECHNO WIRELESS CHARGER

PROJECTED INCOME STATEMENT FROM YEARS 1-5

Year 1 Year 2 Year 3 Year 4 Year 5

Revenues 1,267,700 1,535,570 1,644,727 1,869,216 1,907,164

Cost of Goods Sold 745,976 869,164 886,780 995,458 1,157,804

Materials 348,076 388,584 436,442 463,986 497,584

Labor 239,452 358,783 491,593 535,452 597,459

Gross Profit 295,774 328,436 372,987 476,788 586,140