Professional Documents
Culture Documents
Business Plan
Corporation Owner:
Automatic rainwater Reginald Marana Jeshuron Quinto
Container Kent Macaida Hershey Ortega
Brgy. Burgos Lopez Quezon Jeric Diamante Kurt Lontoc
December 17 2022 Michael Berina Jade Guita
Axl Cabungcal
Mission
Objectives
Product/Service
Target Market
Company Ownership
Financial Projecions
IV. Description/Definition of the Company
Nature of Business
Products and services offered by the company
Introduction (Products/Services)
Here in Philippines, raining occurred frequently specially in this season. Since it’s raining a
lot, collecting rainwater is the perfect time to do so. With this product, we don’t need to worry
about uncovered container because this container will automatically close as the water is
collected. This also promotes the safety of ourselves from mosquito. Not allowing them to
multiply would help us avoid getting different type of illness cause by mosquito bites especially
dengue is frequently occurring recently. Cover It Up! Corporation introducing the:
Cover It Up! Corp., needs management approval because it will be able to solve problems
that deals with water shortage. We will cater some construction site in provinces that uses
traditional containers that will be able to provide better container that can store water and seals
itself.
Mission
Cover It Up! Corp., offers a container that collect water from rain and store it inside the
container and seals itself as soon as there is no rain. This product will serve as reserved water
that can be used in constructions and others things that needs water. This will provide not only in
construction sites but also in some places that needs water, such as barrios that has no water
supply.
Objectives
The system works like a see-saw whereas the water is pushing one side down allowing it to
flow to the entrance of the container while the other end is using just enough weighs to raise the
other end to block the entrance after the water entered to the container.
Target Markets
Cover It Up! Corporation’s target market are the construction companies and contractors as
they are the one who can maximize the potential use of Automatic Closing Rainwater Container.
All products to be delivered will be subjected to a shipping fee unless the customer orders a
certain quantity of product that will qualify for free shipping.
Cover It Up! Corp., utilized the services of business to help construction companies and
contractors in terms of water supply used in cleaning as well as reducing manpower. Our
company goal to lead the company to grow and to have international branches or collaborate
with international business owners.
Company Ownership
Cover It Up! Corp., will be jointly and equally owned by the following:
Financial Projections
We are well positioned to take on the available market in our company and we are quite
optimistic that we will meet our set target of generating enough income/profits from the first 3
years of operation and grow our company to enviable heights.
We have been able to examine the automatic closing rainwater container in the market and we
have analyzed our chances in the industry and we have been able to come up with the following
sales forecast. Below is the sales projection for Cover It Up! Corp., it is based on the location of
our business and of course our target market;
N.B: This projection was done based on what is obtainable in the industry and with the
assumption that there won’t be any major economic meltdown and there won’t be any major
competitor offering the same products as we do within the same location. Please note that the
above projection might be lower and at the same time it might be higher.
• Nature of Business
- We will make a container that stores water inside and seals itself for safety purposes. It
will serve as reserved water that can be used in constructions and others things that
needs water.
• Products and services offered by the company
- Our Company offers a container that collect water from rain and store it inside the
container and seals itself as soon as there is no rain.
• Nature of the Industry
- Our company makes a container that is able to store water and seals itself to provide
water in various uses.
• Opportunities available that can be exploited by services and products to be offer
- This will provide not only in construction sites but also in some places that needs
water, such as barioes that has no water supply.
• The rationale for the creation of the company
- Our company needs management approval because it will be able to solve problems
that deals with water shortage.
• The rationale for the catering to a specific Market
- Our company will cater some construction site in provinces that uses traditional
containers. Our company will be able to provide better container that can store water
and seals itself.
Situational Analysis
Our company utilized the services of business to help construction companies and contractors in terms
of water supply used in cleaning as well as reducing manpower.
This section will go over the factors that will influence the company’s success and how the business
insight will progress.
Considering the most comprehensive way to perform, our company opted to conduct SWOT Analysis in
determining the internal and external factors of our product.
Strength
• Water Conservation
• Customer Satisfaction
Weaknesses
Opportunities
• Product Development
• Company Growth
Threats
• Natural Disaster
• Product Imitation
Target Markets
Our company’s target market are the construction companies and contractors as they are the one who
can maximize the potential use of Automatic Closing Rainwater Container.
Goal
Objectives
Marketing Strategies
Since we are aiming to provide acceptable quality of service to satisfy our customers. We chose to use
Cost Leadership Strategy. This strategy will allow us to:
Marketing Tactics
Our company is set to make use of the following marketing and sale tactics to attract clients.
Our company conducted a market survey. As a result, we have been able to come up with a detailed
budget for establishing an Automatic Closing Rainwater Container in Brgy. Danlagan Lopez, Quezon and
here are the key areas where we will spend our startup capital.
Materials:
• Container P 130,000.00
• Stainless Steel Sheets P 46,000.00
• Others P 9,000.00
Welding Machines P 15,000.00
Facility P 13,000.00
The table shows the annual expenses of our company in producing Automatic Closing Rainwater
Container. Going by the report from the market research conducted, we will need about P 7,225,000 to
successfully set up our product.
Sale Estimates
We are well positioned to take on the available market in our company and we are quite optimistic that
we will meet our set target of generating enough income/profits from the first 3 years of operation and
grow our company to enviable heights.
Our company’s annual revenue is expected to be about or around 9 million pesos. The average cost of
an Automatic Closing Rainwater Container was P 1,500.
In addition, we will also offer special promos to all our customers at regular intervals. We will
ensure that we abide by the pricing model that is expected from contractors that bid for such contracts.
This part helps the company to track the expenses to avoid bankruptcy. We will ensure to build a
business that will survive off its own cash flow without injecting finance from external sources once the
business is officially running. The table below illustrates our company’s cash flow for 3-year period.
Cash In
Cash Out
The raw material will be used to make a Cover it Up Container are plastic utility water
container or drum container and stainless-steel sheet. The system works like a see-saw
whereas the water is pushing one side down allowing it to flow to the entrance of the
container while the other end is using just enough weighs to raise the other end to block
the entrance after the water entered to the container.
PRODUCTION PLAN
DEVELOPEMENT PLAN
2023 2024 2025
ENDING
INVENTORY 0 0 0 0 0 0
WORKFORCE 1 2 3 3 4 4
container is expected to become in demand to the places have lack of water supply,
poor storm drainage system, and have existence of mosquito that carry diseases. This
product is a potential trend device especially in rainy season and have a capability to
increase its market as well as to have innovation over the years. Meanwhile, the
manufacturer of this product is open to manufacture and venture other future devices
that improves quality of life.
VII. MANUFACTURING PLAN
Manufacturing Facilities
The warehouse facility is divided into two sections: storage and delivery/parking. Storage space
might be structured and easily available for transfers from purchase. Vehicle tools has a
designated place, and all vehicle parts must be checked for safety before travel. In order to
transfer goods to a truck, regions should be accessible to four wheel vehicle.
Location
Size
The size of an open area will be 9 x 6 x 3 [length, width, height] for delivery area and same size
for storage area.
Rentals
The facility, both storage and delivery area, will be worth ₱8,000.00 for rental fee.
Purchases
Equipment: ₱ 9,000.00
Required Equipment
Equipment Costs
The welding machine, tool set and other necessities will be worth ₱ 15,000.00.
• Searching for guidance and advice on running the firm from the board of directors
• Evaluating the progress and success of the organization helps it reach its objectives
• Represent the firm in professional and civic programs at the national, local, and
international levels
• Check the different problems or factors affecting the success of the firm
• Manage production
• Promoting the company's existing brands and introducing new products to the market.
• Analyzing budgets, preparing annual budget plans, scheduling expenditures, and ensuring
that the sales team meets their quotas and goals.
• Gathering, investigating, and summarizing market data and trends to draft reports.
• Recruiting, training, scheduling, coaching, and managing marketing and sales teams to
meet sales and marketing human resource objectives.
Accountant/Cashier:
• Monitoring the efficiency of existing accounting procedures and ensuring they comply
with the government regulations
Civil Engineers/Tradesmen
• Responsible for operating and maintaining the condition of every related equipment
• Cultivating solid relationships with clients through the provision of exceptional after-
sales service.
• Organizing training seminars to enable clients to fully utilize product features and
benefits.
• Ensuring that the correct terms of sale are entered into the client database to prevent
avoidable billing issues.
From our market survey and feasibility studies, we have been able to come up with a detailed
budget for establishing a cover-it-upcontainer manufacturing company and here are the key areas
where we will spend our start-up capital;
• The budget for Liability insurance, permits and license will cost – 1,000,000.00
• Equipping the office (computers, printers, projectors, markers, servers/internet facility,
furniture, telephones, filing cabinets, and electronics) will cost – 500,000.00
• Amount need to pay bills and staff members for at least 2 to 3 months – 100,000. 00
• Additional Expenditure such as Business cards, Signage, Adverts and Promotions will
cost – 100,000.00
Going by the report from the market research and feasibility studies conducted, we will need
about six hundred and fifty thousand 650,000.00 pesos to successfully set up a medium scale but
standard ready mix concrete manufacturing company.
The manufacturer is seeking first round financing for the purpose of acquiring starting
inventory of raw materials, machineries, equipment, rent expense, utility expenses,
capital, legal and accounting, and miscellaneous start up expenses. The manufacturer
will require investment through account.
LONG TERM
ASSETS EQUITY
Long-term Paid-in
Assets 32,400 1,304,760 1,304,760 Capital 300,000 300,000 300,000
Accumulated Retained
Depreciation 455 22,455 44,910 Earnings 1,810,000 3,627,800 5,302,000
Total Long-term
Assets 31,945 1,282,305 1,259,850 Total Capital 2,110,000 3,927,800 5,602,000
TOTAL Total Liabilities
ASSETS 2,142,100 5,107,760 6,545,968 and Capital 2,142,100 5,107,760 6,545,968
XII. FUNDING
ExtremeMix RediCon Manufacturing Inc. will be a corporation type of business resulting to need
for raising funding inside and outside of the owners’ assets, for the idea of ready mixed concrete
business to be a reality
1. Owner’s Capital
The most important source of funding for Cover-it-Up Inc. will be cash from investors directly.
It will deal with the portion of the total resources that has been financed by investors' money.
These funds will be used to start this business from the ground up and invest in strategic projects
that the organization hopes to complete in the ready mixed concrete business.
2. Debt Capitals
Organizations like Cover-it-Up Inc., like people, can get cash as a source of funding if it is still
lacking to make this thought spring up. This will be accomplished in secret using bank credits.
Cover-it-Up Inc. believes that this is a useful approach to subsidizing because interest paid on
obligations is usually tax deductible for the organization, and interest costs are frequently less
expensive than other readily available sources of capital.
Amount Needed
The first round of funding will be sought to cover the first year’s operating expenses as describe
in the financial plan, as well as the financing of our demonstration home. We have estimated
total start-up costs for the first-year operation of about P 00000. The numbers in the start-up and
the start-up funding tables are meant to reflect these estimates. The company also seeks P 00000
for the construction of Modular Home’s factory. The needed fund would sum up to P 00000 to
establish this business.
The listed name of the shareholders in Cover-it-Up Inc. will provide the bulk of start-up
financing in the amount of P 00000. Approximately P 00000 of additional funding is needed for
the startup of this business. The purpose of this business plan is to secure financing for that
amount.
For the remaining P 00000 additional financing needed to cover the start-up costs, the company
plans to receive a five-year term commercial loan facility which will meet the cash flow
requirements. The borrowed funds will be used exclusively to buy equipment, based on the list
that will be made available to the lending institution. The loan could be repaid in equal monthly
installments over a five-year period.
Our cash-flow analysis demonstrates the company’s ability to repay the loan and meet the
interest payment obligations, while maintaining adequate liquidity and generating positive cash
flow and sufficient cash reserves for unforeseen future events.
For conservative purposes, the annual interest rate has been estimated at 8 percent. The actual
interest rate and the borrowing terms will be negotiated with the participating Bank. Strong
collateral could be provided by an SBA guarantee, and by the owners’ personal assets (for
example, cash collateral in the form of certificates of deposit, to Cover the remaining collateral
requirements in addition to the guarantee).
Start-up Funding
Liabilities
Current Borrowing P 0
Capital
Planned Investment
Shareholders P 00000
Other P 0
DEVELOPMENT SCHEDULE
XIII. Appendix 1: Cover it up! (Automatic Closing Rainwater Container)
09663292764
reginaldfrancismarana@gmail.com
https://www.facebook.com/reginalanghaha
PERSONAL INFORMATIONS
Age: 20
Date of Birth: February 27, 2002
Gender: Male
Civil Status: Single
Nationality: Filipino Religion: Roman Catholic
EDUCATIONAL BACKGROUND
09760094436
qjeshurun@gmail.com
PERSONAL INFORMATIONS
Age: 20
Date of Birth: June 22, 2002
Gender: Male
Civil Status: Single
Nationality: Filipino Religion: Seventh-Day Adventist
EDUCATIONAL BACKGROUND
Junior High School - Marcial B. Villanueva National High School (San Francisco, Quezon) 2014-
2018
Elementary School - San Francisco Adventist Academy Elementary School (San Francisco,
Quezon) 2008-2014
KENT CYDRICK A. MARCAIDA
Brgy. Cogorin Ilaya Lopez, Quezon
09817321978
kentmarcaida4@gmail.com
PERSONAL INFORMATIONS
Age: 20
Date of Birth: March 11, 2002
Gender: Male
Civil Status: Single
Nationality: Filipino Religion: Roman Catholic
EDUCATIONAL BACKGROUND
09965687444
cabungcalmarkaxl16@gmail.com
PERSONAL INFORMATIONS
Age: 20
Date of Birth: September 16, 2002
Gender: Male
Civil Status: Single
Nationality: Filipino Religion: Roman Catholic
EDUCATIONAL BACKGROUND
09759813625
hersheyortega17@gmail.com
PERSONAL INFORMATIONS
Age: 20
Date of Birth: March 17, 2002
Gender: Female
EDUCATIONAL BACKGROUND
Senior High School - Senior highschool Eastern Tayabas College Inc., (Rosario St.,
Brgy.Rizal Poblacion Lopez, Quezon) 2020
Junior High School – Eastern Tayabas College Inc., (Rosario St., Brgy. Rizal
Poblacion Lopez, Quezon) 2018
09461675927
guitajade@gmail.com
PERSONAL INFORMATIONS
Age: 22
Date of Birth: October 13 2000
Gender: Male
Civil Status: Single
Nationality: Filipino Religion: Roman Catholic
EDUCATIONAL BACKGROUND
09709428599
berins0607@gmail.com
PERSONAL INFORMATIONS
Age: 20
Date of Birth: June 07 2022
Gender: Male
Civil Status: Single
Nationality: Filipino Religion: Roman Catholic
EDUCATIONAL BACKGROUND
Senior High School - St. Anne College Lucena Inc. Brgy Gulang-gulang, Lucena City
(2018-2020)
Junior High School - Scuola Gesu Bambino Brgy. Isabang, Lucena City
(2014-2018)
+639382369903
jericmark34@gmail.com
PERSONAL INFORMATIONS
Age: 20
Date of Birth: February 15 2002
Gender: Male
Civil Status: Single
Nationality: Filipino Religion: Roman Catholic
EDUCATIONAL BACKGROUND
+63992845182
kurtlontoc03@gmail.com
PERSONAL INFORMATIONS
Age: 20
Date of Birth: August 20 2002
Gender: Male
Civil Status: Single
Nationality: Filipino Religion: Iglesia ni Cristo
EDUCATIONAL BACKGROUND
Senior High School - St. Anne College Lucena Inc. Brgy Gulang-gulang, Lucena City
(2018-2020)