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Business Plan FINGER GOODS 1521 crisostomo St.

sampaloc manila 09789523648 / 09385648974 Statement of Purpose

I. A.






This business business is a food establishment that aims to satisfy the hunger and thirst of every single costumer. The major purpose of this business is to help the people to eat food in an easy way. This business serves as the second dining area that the costumers can love like their own dining area. It majorly aims to satisfy their crave and love for food. The business Description Of Business We are selling different kinds of food that has different themes or from different cities and provinces all over the country. Its mainly theme is you crave, we serve . We can earn money by attracting many costumers with our unique theme and food service. we can attract customers by our colorful banners and unique flyers that can bi given to all the people around the location so that it can be spread all over the town. This establishment aims to open on early 2015. By only 60,000.00 Marketing Our products are cheaper and affordable. For only P100.00 you can satisfy your hunger and your crave for a delicious and good looking food. In our modern days, all are advertise on an offline. E can make a fan page on facebook, page on twitter and off line, we can spread flyers and can rent a spot in newspapers that can surely be read by our valued customers. We are giving away promos so that e can cope with the changes made by our competitors. Competition Our completion sells a cheap but is it enough to satisfy your hunger for good food? Our product is the best because we sell cheap and delicious products. Operating Procedures We are all manual except for the equipments and appliances that we are using. We assure that all our ingredients and equipments are clean and sterilized. Personnel Our personnel is trained and have gone to seminars about the job they are hired for. We are hiring enough personnel just to satisfy and accommodate all the costumers. Business Insurance Our business is well insured. As well as the personnel that hired. We assure that our personnel is will cared of and as well as the establishment itself. Our costumers are also insured if something unexpected will happen.


Financial data

The financial plan consists of a 12month profit and loss projection, a fouryear profit and loss projection (optional), a cashflow projection, a projected balance sheet, and a breakeven calculation. Together they constitute a reasonable estimate of your companys financial future. More important, the process of thinking through the financial plan will improve your insight into the inner financial workings of your company.

12-Month Profit and Loss Projection Many business owners think of the 12month profit and loss projection as the centerpiece of their plan. This is where you put it all together in numbers and get an idea of what it will take to make a profit and be successful. Your sales projections will come from a sales forecast in which you forecast sales, cost of goods sold, expenses, and profit monthbymonth for one year.


Profit projections should be accompanied by a narrative explaining the major assumptions used to estimate company income and expenses. Research Notes: Keep careful notes on your research and assumptions, so that you can explain them later if necessary, and also so that you can go back to your sources when its time to revise your plan. Three-Year Profit Projection (Optional) The 12month projection is the heart of your financial plan. The Three-Year Profit projection is for those who want to carry their forecasts beyond the first year. Of course, keep notes of your key assumptions, especially about things that you expect will change dramatically after the first year.

Projected Cash Flow I. If the profit projection is the heart of your business plan, cash flow is the blood. Businesses fail because they cannot pay their bills. Every part of your business plan is important, but none of it means a thing if you run out of cash The point of this worksheet is to plan how much you need before startup, for preliminary expenses, operating expenses, and reserves. You should keep updating it and using it afterward. It will enable you to foresee shortages in time to do something



about themperhaps cut expenses, or perhaps negotiate a loan. But foremost, you shouldnt be taken by surprise. There is no great trick to preparing it: The cashflow projection is just a forward look at your checking account. For each item, determine when you actually expect to receive cash (for sales) or when you will actually have to write a check (for expense items).


You should track essential operating data, which is not necessarily part of cash flow but allows you to track items that have a heavy impact on cash flow, such as sales and inventory purchases. You should also track cash outlays prior to opening in a prestartup column. You should have already researched those for your startup expenses plan. Your cash flow will show you whether your working capital is adequate. Clearly, if your projected cash balance ever goes negative, you will need more startup capital. This plan will also predict just when and how much you will need to borrow. Explain your major assumptions; especially those that make the cash flow differ from the Profit and Loss Projection. For example, if you make a sale in month one, when do you actually collect the cash? When you buy inventory or materials, do you pay in advance, upon delivery, or much later? How will this affect cash flow? Is some expenses payable in advance? When? Are there irregular expenses, such as quarterly tax payments, maintenance and repairs, or seasonal inventory buildup that should be budgeted? Loan payments, equipment purchases, and owners draws usually do not show on profit and loss statements but definitely do take cash out. Be sure to include them. And of course, depreciation does not appear in the cash flow at all because you never write a check for it.




X. XI.



XIV. Opening Day Balance Sheet A balance sheet is one of the fundamental financial reports that any business needs for reporting and financial management. A balance sheet shows what items of value are held by the company (assets), and what its debts are (liabilities). When liabilities are subtracted from assets, the remainder is owners equity


Use a startup expenses and capitalization spreadsheet as a guide to preparing a balance sheet as of opening day. Then detail how you calculated the account balances on your opening day balance sheet.

XVI. Optional: Some people want to add a projected balance sheet showing the estimated financial position of the company at the end of the first year. This is especially useful when selling your proposal to investors. XVII. Break-Even Analysis XVIII. A breakeven analysis predicts the sales volume, at a given price, required to recover total costs. In other words, its the sales level that is the dividing line between operating at a loss and operating at a profit. XIX. Expressed as a formula, breakeven is: Fixed Costs XX. BreakEven Sales

XXI. 1 Variable Costs XXII. (Where fixed costs are expressed in dollars, but variable costs are expressed as a percent of total sales.) XXIII. Include all assumptions upon which your breakeven calculation is Supporting documents

The Philippine Business Registry The Philippines Business Registry (PBR) is a Government-initiated project that will facilitate business registration-related transactions by integrating all agencies involved in business registration, such as the Department of Trade and Industry (DTI), Securities and Exchange Commission (SEC), Cooperative Development Authority (CDA), Bureau of Internal Revenue (BIR), Social Security System (SSS), Home Development Mutual Fund (Pag-IBIG), Philippine Health Insurance Corporation (PhilHealth), Local Government Units (LGUs) and other permit/license-issuing agencies. It shall provide a faster process for business registration, thus strengthening the governments effort of providing quality service to the people and realizing its commitment to curb corruption and reduce red tape in the bureaucracy. In particular, it is a web-based system that shall serve as a one-stop shop for entrepreneurs who need to transact with several agencies to be able to start operating a business. Each of the agencies computerized registration systems will be interlinked so that applicants need not physically go to each agency to register their businesses. At present, sole proprietorships can already validate existing/register their Business Names (BNs) from the DTI, get or validate their existing Tax Identification Numbers (TINs) from the BIR and employer registration numbers from the Social Security System (SSS), Philippine Health Insurance Corporation (PhilHealth) and Home Development Mutual Fund (Pag-IBIG Fund) through the PBR system. Sole proprietors may opt to apply from computer cafs or their homes/office using their PCs with internet connection or go to computer cafs or DTI Offices with designated PBR Kiosks or tellers and register through them. Application through a teller will involve submission of a filled up application form which may be downloaded from the website or completed and printed by the public online for submission to the PBR kiosks or tellers. Register Online at 1. Fill out application form by typing the required information (proposed business name, TIN, name of registrant, address, etc.,). 2. Submit online and you will receive transaction reference number acknowledgment via e-mail. 3. Submit the necessary documentation mention in the acknowledgment in DTI office in your area. The reserve business name online is only up to 3 working days. 4. Pay your application. Payment can be through GCash or at the DTI teller. Fees will depend on the territorial jurisdiction covered in the application (barangay, City/municipality, regional or national).