TAGUM NATIONAL TRADE SCHOOL

Apokon, Tagum City

BUSINESS PLAN

SPEEDTECH

In partial fulfillment for the Subject

Entrepreneurship

Author/ Student

Laurence Dalunhay

Princess Sheen Obliosca

Xandrex Elano

Chris Jb Cardinez

Jonhriel Genson

Reynan Gador
 Xymonjames Dela Cruz

DATE

March 14,2024

SPEEDTECH

COMPANY LOGO

Empowering Dreams, Fueling Possibilities

 Table of Contents

Page

Title Page i

Acknowledgment ii

Table of Contents iii

List of Tables iv

List of Figures v

I. Executive Summary 1

II. General Company Description

Vision 3

Mission

Goal

Objectives
 Business Philosophy

Legal Form of Ownership

III. Products and Services

Description of Products/Services

Competitive Advantages

Pricing Structure

IV. Marketing Plan

Market Research

Economics (Industry)

Product/Features and Benefits

Customers

Competition

Strategy

Sales Forecast

V. Operational Plan

Production

Location

Legal Environment

Personnel

Inventory

Suppliers

VI. Management and Organization

Organizational Structure
 Professional and Advisory Support

VII. Financial Plan

Start-up Costs and Capitalization

Important Financial Assumptions

Projected One – year Statement of Financial Position

Projected One – year Income Statement

Projected One – year Statement of Changes in Equity

Projected One – year Statement of Cash Flows

References

Appendices

A. Survey Tool

B. Demand & Supply Computation

 List of Tables

Tables

1 Products 51
 List of Figures

Figures

1 Map 51
 I. Executive Summary

Write this section last.

We suggest that you make it two pages or fewer.

Show the highlights of all the parts of your BP here. (summary of your co.

description, products & services, marketing plan, operational plan, management

& organization and financial plan = 6 chapters)

Include everything that you would cover in a five-minute interview.

Make it enthusiastic, professional and concise.

If applying for a loan, state clearly how much you want, precisely how you are

going to use it, and how the money will make your business more profitable,

thereby ensuring payment.

 II. General Company Description

Speedtech will be in the business of providing high-quality and innovative

technology solutions to individuals and businesses. Our services will include

website development, software development, mobile app development, and

digital marketing.

Vision: To be the leading technology solutions provider in the Philippines, known

for our exceptional customer service and innovative solutions.

Mission: Our mission is to provide our clients with the best technology solutions

that will help them achieve their business goals. We strive to exceed our clients’

expectations by delivering exceptional customer service and innovative solutions.

Goals:

1.Growth: To increase our revenue by 20% annually for the next 5

years.2.Profitability: To maintain a profit margin of at least 20% annually.

Objectives:

1.Increase our client base by 10% annually for the next 5 years.

2.Increase our average project size by 15% annually for the next 5 years.

Business Philosophy/Core Values:

•Innovation•Customer satisfaction•Integrity

•Professionalism

•Teamwork
Legal form of ownership: Corporation.

III. Products and Services

Description of Products/Services

Speedtech offers a range of technology solutions and services to

businesses and individuals. Our primary products and services include:

1.IT Consulting Services: We provide expert guidance and support to businesses

looking to optimize their IT infrastructure, improve security, and enhance

productivity. Our consulting services include network design and implementation,

cloud computing solutions, cybersecurity, data backup and recovery, and more.

2.Managed IT Services: We offer ongoing IT support and maintenance services

to businesses of all sizes. Our managed IT services include 24/7 monitoring, help

desk support, software updates, and proactive maintenance to ensure that your

systems are always running smoothly.

3.Cloud Hosting Services: We provide secure and reliable cloud hosting solutions

for businesses looking to move their applications and data to the cloud. Our
cloud hosting services include virtual private servers, dedicated servers, and

managed cloud hosting solutions.

4.Web Design and Development: We offer custom web design and development

services to help businesses establish a strong online presence. Our web design

services include responsive design, e-commerce solutions, content management

systems, and more.

Competitive Advantages:

Our competitive advantages include:

1.Expertise: Our team of experienced IT professionals has the knowledge and

skills to provide customized solutions that meet the unique needs of each client.

2.Customer Service: We are committed to providing exceptional customer

service and support to ensure that our clients are always satisfied with our

products and services.

3.Flexibility: We offer flexible solutions that can be tailored to meet the specific

needs and budget of each client.

Pricing Structure:
Our pricing structure is competitive and based on a cost-plus model. We work

with each client to develop a customized solution that meets their needs and

budget. Our pricing is transparent and includes all costs associated with the

project or service. We also offer leasing options for certain products and services

to help businesses manage their cash flow.

IV. Marketing Plan

Market Research

No matter how good your product or your service, the venture cannot

succeed without effective marketing; and this begins with careful, systematic

research. It is very dangerous to assume that you already know about your

intended market. You need to do market research to make sure you’re on track.

Use the business planning process as your opportunity to uncover data and to

question your marketing efforts. Your time will be well spent.

 There are two kinds of market research: primary and secondary.

Secondary research means using published information such as industry profiles,

trade journals, newspapers, magazines, census data, and demographic profiles.

This type of information is available in libraries, industry associations, chamber of

commerce, from who sell to your industry, and from government agencies.

Primary research means gathering your own data. (Discuss here in details the

results of your survey-Demographics & Preferences)

Economics/Industry Analysis

Facts about your industry

Barriers to Entry

Examples of barriers to entry: high capital costs, high production costs,

high marketing costs, consumer acceptance and brand recognition,

training and skills, unique technology and patents, unions, shipping costs,

tariff barriers and quotas

How will you overcome these barriers?

Demand and Supply Analysis

Demand computation

Supply computation
 Analysis of demand and supply showing gap

Market Share Computation

Product

Describe your products and services from YOUR CUSTOMERS’ POINT

OF VIEW.

Features and Benefits: List all your major products and services. For each

product or services describe the most important features. What is special about

it? Then describe the benefits. What will the product do to the customers?

Will you give after-sale services? What will these be? Examples are free

delivery, warranty, support, follow-up, refund policy.

Customers

Identify your targeted customers, their characteristics and their geographic

locations. If you sell a consumer product, but sell it through a channel of

distributors, wholesalers and retailers, you just carefully analyze both the end

consumers and the middleman businesses to which you sell. You may have

more than one customer group. Identify the most important groups.

Competition (Competitive Analysis)

What products and companies compete with you?

List your major competitors. Will they compete with you across the board or just

for certain products, or in certain locations?

Will you have important indirect competitors?

Use the Competitive Analysis table below: You customize based on your need.

Table 1: Competitive Analysis

FACTOR Name of STRENGTH WEAKNESSES NAME OF NAME OF Importance

Your business
COMPETITOR COMPETITOR to Customer

Products

Price

Quality

Selection

Service

Reliability

Stability

Expertise

Company

Reputation

Location

Appearance

Sales Method

Advertising

LEGEND: 1 = Critical 5 = Not very important

Strategy:

Promotion – how will you get the word out to customers?

Advertising – what media, why and how often?

Identify low-cost methods to get the most out of your promotional budget.
 Will you use methods like trade shows, catalog, dealer incentive, word of

mouth, social media, and network of friends or professionals?

In addition, what plans do you have for graphic image support? This

includes things like logo design, cards and letterheads, brochures,

signage and interior design.

Promotional Budget – how much will you spend for each of the items listed

above?

Sales Forecast:

Prepare a month by month projection for year 1 only

V. Operational Plan

Explain the daily operation of the business, its location, equipment, people,

processes and surrounding environment.

Production (Process Flow)

Describe how and where your products or services are produced. Use

arrows to connect the processes. Include production techniques, quality control,

customer service, inventory control and product development.

Location

What qualities do you need in a location? Describe your location (amount of

space, type of building, zoning, power and utilities. Is it important that your

location be convenient to transportation or to suppliers? Do you need easy walk-

in access? What are your requirements for parking and proximity to freeway,

airports, railroads, and shipping centers? Include a drawing or a layout of your

proposed facility (Appendices)

What will be your business hours?

Legal Environment

Describe the following: licensing and bonding requirements, permits, health,

workplace or environmental regulations, special regulations covering your

industry or profession, zoning or building code requirements, insurance

coverage, trademarks, copyrights, or patents.

Personnel

Discuss number of employees, type of labor (skilled, unskilled, professional),

where and how will you find the right employees?, quality of staff, pay structure,

training requirements, schedules.

Inventory – if applicable

What kind of inventory will you keep: raw materials, supplies, finished goods?

Average value in stock? rate of turnover?

Lead time for ordering?

Suppliers

Identify key suppliers – Names & addresses, type and amount of inventory

furnished, credit and delivery policies, history and reliability

 VI. Management and Organization

Who will manage the business on a day-to-day basis? What experience does

that person bring to the business?

Organizational Structure

Prepare an organizational chart showing the management hierarchy.

Prepare a table showing management and personnel qualifications and job

descriptions.

Professional and Advisory support – if applicable

List the following: Board of Directors (if any), management advisory board,

lawyer, accountant, insurance agent,

Banker, consultants, mentors and key advisors.

 VII. Financial Plan

Write a short paragraph about your business’ financial plan.

A. Start-up Costs and Capitalization

Start-up Costs:

Capital Expenditures (enumerate) xxxxxx

Start-up Expenses and Prepayments (enumerate) xxxxxx

Contingencies (balancing figure) xxxxxx

TOTAL START-UP COSTS XXXXX

======

Capitalization:

Details here XXXXX

======
(Totals should be equal)
B. Important Financial Assumptions – 1paper/page

C. Projected Three-year Financial Statements

Statement of Financial Position

Income Statement

Statement of Changes in Equity

Statement of Cash Flows

Notes to the Financial Statements

IMPORTANT:

The financial statements above are arranged in order. Pls. follow the sequence.

1 financial statement = 1 paper/page (Portrait) Adjust the font size to fit the FS to

only 1 page

Your “Notes to the FS” should show the details/computations (if applicable) of the

amounts shown on the FS.

You may use more than 1 paper for the ‘Notes”

References

(list of cited references or sources/literature using APA format)

Appendices