Proposed Coin Bank

for Kids’ Efficient

Saving Practice
 INNOVATION

SAVINGS

PROBLEM AND SCOPE

Management Aspect
 Company Profile Bank-in-Wheels Enterprise
is :
• Sole- proprietorship
form of business
• Located in San Jose
Village Ext., Tisa,
Cebu City, Cebu,
Philippines.
• Merchandising type
of Business
Organizational Structure
Proprietor

Mary Monique Renegado

General
Manager
Audina Labiaga

General Workforce
Administrative Marketing and
Finance Planning and
and Human Communication
Manager Operations
Resource Manager
Manager Manager

Jayrald Espinosa Riswin Jill Caparida Shalenna Mia Licayan Zyvann Jhulz Balsamo

Employees
Product Aspect
Saving Nemo is a:

• Child-friendly coin bank

made out of recyclable

materials

• Designed to attract and

encourage kids to save

coins
Marketing Aspect
 Target Market
Grade School Students in University of San Jose-
Recoletos
 Channel of Distribution

Supplier

Bank-in-Wheels
Enterprise

Target Market/
Potential Customers
 Promotion
Brochure
Flyer
Business Card
Market Demand
Statement Weighted Mean Interpretation

Uniqueness and Innovation

1. I am willing to buy a coin bank that contains
2.60 Agree
wheels like a toy car.

1. I am interested to buy a coin bank that includes a

2.70 Agree
passbook to keep track of money.

1. I am willing to buy a coin bank that comes with

compartments allocated for saving, sharing, and 2.68 Agree
spending.

Durability and Sustainability

1. I am willing to buy a coin bank that uses empty

2.65 Agree
metal canisters for a firmer structure.

1. I am willing to buy a coin bank that is made out of

2.64 Agree
firm materials.

1. I am willing to buy a coin bank that has a long-

2.58 Agree
lasting physical form.
Eco-friendliness and Nobility
1. I am wilLaling to buy a coin bank that is made out
2.57 Agree
of recyclable materials.

1. I am willing to buy a coin bank that promotes

recycling waste as a positive environmental 2.53 Agree
impact.

1. I am willing to buy a coin bank that enhances

creativity in turning waste into an innovative 2.60 Agree
means of saving.

Average Weighted Mean 2.61 Agree

Technical Aspect
• Business Hour
8:00 am to 5:00 pm
• Utilities
 Water (MCWD)
 Electricity (VECO)
 Communication (Globe TeleCom Inc.)

• Operational Rules and Regulations

1. Compliance with Law
2. Quality Service
3. Order Procedure
4. Solicitation of other People by the Maker
5. Receipt of Product
6. General Keeping of Records and Reports
Legal and Taxation Aspect
Whether you already own a small business or
are starting up, you need to be on top of legal and
taxation issues for the business to be a success.
A. Registration of Business Name
B. Procurement of Business Permit and Licenses
 DTI Registration
 Procurement of Business Permit and Licenses
 Mayor’s Business Permit
 Barangay Clearance
 BIR Registration
 Sanitary Permit
 Fire Safety Inspection Certificate
 Environmental Permit
 SSS Registration
 PHIC Registration
 HDMF Registration
 DOLE Registration
Financial Aspect
Capital – Php 720, 000.00

Estimated Project Cost – Php 395, 000.00

Net Profit – Php 124, 336.00

Ending Cash Balance – Php 667, 337.40

 Bank-in-Wheels Enterprise

Statement of Financial Performance

For the fiscal year ended January 31, 2020

Sales PHP 674,220.00

Less: Cost of Merchandise Sold PHP 278,654.00

Gross Profit PHP 395,566.00

Less: Expenses

Salaries and Wages PHP 225,000.00

Packaging Expense PHP 3,500.00

Rental Expense PHP 40,000.00

Utilities Expense PHP 2,700.00 PHP 271,200.00

Net Profit PHP 124,366.00

 Bank-in-Wheels Enterprise
Statement of Financial Position
As of January 31, 2020

Assets

Current Assets
PHP
Cash 667,337.40
Accounts Receivable PHP30,192.00

Office Supplies PHP 4,200.00

Non- Current Assets

Office Equipment PHP 33,200.00

Furniture and Fixtures PHP 25,000.00

Total Assets PHP759,929.40

Liabilities and Owner's Equity

Current Liability

Non-Current Liability

Total Liabilities

Owner's Equity

Renegado, Capital PHP 759,929.40

Total Liabilities and Owner's Equity PHP759,929.40

Socio-economic Desirability
 Government
• Tax
• Project Idea (Proper Financial Education)

 Community
• Job Opportunity

 Customer
• Enables the target market to be financially
literate
 Competitors
• Develops entrepreneur’s idea

 Financial Institution
• Increase in Sales and Earnings
SWOT Analysis
 FACTORS STRENGTH WEAKNESS

The proponents have collected

Money enough money to raise capital for the

production and other expenses.

Materials The necessary materials used for There is a high possibility that the

production are easy to acquire, materials may not be of best

inexpensive, recyclable, and available quality and sustainability

in the household and market. especially when undergoing

processes of production.

Machines The proponents do not utilize

machines for the manufacturing

of the product.

Methods The proponents have full knowledge

on the entire procedure of

manufacturing the product

Manpower The proponents are committed to their

respective responsibilities and performs

their tasks efficiently and effectively.

Management The proponents are not prepared

in running and managing a

business.
 FACTORS OPPORTUNITY THREAT

Differences of values and priorities brought by

the influences of modern culture and luxurious

lifestyles change the buying habits of our target

market. These factors draw children farther

Socio-cultural away from understanding stability, thus, not

appreciating the product.

The continuing rise of technology increases the

expectations of the consumers and threatens the

relevance and significance of the product. The

new technologies may make the product

Technology obsolete and unimportant.

 Due to the awareness of the country’s current standing on financial

stability, it is evident that the product is necessary and relevant in the

market because majority of the people are not practicing financial

planning. This makes the demand of the potential customers high, thus,

more products will be produced.

Economic

The product promotes recycling waste materials and lives by one of the

company’s core values which is to stand for positive environmental

impact.
Environmental

The product can help spread the importance of financial planning in line

of the government involvement in providing loans and other assistance in

starting a business.

Political
FACTORS/ RESOURCES INTERNAL RISKS SOLUTION/ REMEDY

The lack of capital can be a huge The proponents raise capital by

factor that causes failure to business promoting a fun run activity to which

objectives and operations. The we can acquire by saving our mother

misuse of funds and wrong allocation nature. In addition, smart allocation

of the finances lead to irresponsible of financial resources is to be strictly

decision-making in the business. budgeted and deliberated within the

MONEY
committee.

The inability to procure the necessary The proponents regularly check the

materials due to inadequate funds inventory and durability status of the

can hamper the production process, materials. The company should be

therefore, slow down the number of prepared on the quantity of tools

MATERIALS products to be sold in the market and materials and create a written

within the set time frame. report to have an update and record

on the equipment.
 The method in producing, designing, The company must duly orient the employees

processing, and finalizing the product is regarding the changes of the methods in the

subject to changes and majority of the workplace before executing them as business

consumer demand. This leads to a variety of policies. This avoids confusing and

changes and can cause employees to not misinformation among the managers and

adjust and master the whole method. employees.

METHODS

Personnel issues may pose operational The company must monitor and evaluate the

challenges. Staff who become ill or injured and health status and working hours of each

as a result, are unable to work can decrease employee so that medication and health

production. In this circumstance, an unstable assistance can be addressed as soon as

MANPOWER manpower decreases productivity and possible. It is important for the company to be

marketability. empathetic and caring to its employees

because this will produce better results in

performance.
 Daily operations in the The company must establish

workplace can be disrupted strict and efficient

without efficient information communication channels

dissemination from the between departments through

managers to the employees. The regular reports. Proper

set agenda for the day will not information and communication

be followed and done well if system aids managers and

MANAGEMENT
management is disorganized employees to be in sync when

which leads to an unproductive employing an instruction or

working system. conveying a message. This

increases organization and

coherence in the business.

FACTORS/RESOURCES EXTERNAL RISKS SOLUTION/REMEDY

Socio-cultural risks have to do primarily with cultural The proponents will put up a marketing

differences between the business and its customers and strategy that keeps customers be

environment like population growth rate, social attitudes, advocates to our product by presenting

lifestyle choices, age profile, and public opinion. the benefits and strengthening our brand

in social media.

SOCIO-CULTURAL

TECHNOLOGY From reshaping the way businesses produce and market The proponents will educate the

goods, technology is seen to influence the interest and employees on the responsible use of

willingness of the consumers to buy the products. As a technology and find a method to attract

result, targeted market sales will decrease and the more potential customers using

company will lose loyal customers. technology as an advantage.

 This includes project economic growth, The proponents will acquire

inflation, interest rates, labor costs, and knowledge on the current

impact of globalization. These economic economic problems and gather

risks affect business goals and sales. information on how the business

ECONOMIC shall respond to these economic

issues.

This includes natural disasters that hamper In cases like this, the proponents

and disrupt normal business operations. shall secure emergency funds for
ENVIRONMENTAL
For instance, the occurrence of an natural disasters so that the

earthquake may affect the ability of the recovery processes can be

business to open for a number of days or expedited and permanent

weeks, leading to a sharp decline in damages can be lessened.

overall sales for the month. This natural

disaster can also cause severe damage

to the infrastructure and the merchandise

being sold. It depreciates productivity

and marketability.
 Political risks comprise of The proponents will

changes in the political actively research on the

environment or government Philippine government

POLITICAL
policy that relate to financial and the current changes

affairs, regulation trends, tax in the political

policy, consumer-protection environment. All business

legislation, and likely changes policies must follow the

thereof. national laws.