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Bananalicious Bites Chapter 1 General Co
Bananalicious Bites Chapter 1 General Co
Bananalicious Bites Chapter 1 General Co
I. INTRODUCTION
This product will emphasize the capability of the raw materials here in Madridejos to produce high
quality and budget-friendly products. We will produce " Bananalicious Bites" to showcase the bountiful
production of banana here in the local area. This product is in a high quality but low in price and we will
sell this to our prospective buyers and customers.
II. VISION
Our product will open a way to a fruitful production and consumption of banana in the entire Bantayan
Island. Our team is to be the leading producer of Bananalicious Bites all over Cebu Province. We will offer
then highly quality production for customers and showcasing of the capabilities of the Island.
III. MISSION
We aim to produce high quality products at a very competitive and affordable price using the good
quality raw materials. That would generate sufficient profit for us and improve employees lives. Offering
of new or improved product and services.
IV. OBJECTIVES
To make use of the most affordable but good quality raw materials.
The abundance of the banana here in our local area is great opportunity to us entrepreneurs but the
lack of idea and creativity we eat bananas in plain or even some are just wasted. To produce another
variation of food such as Bananalicious Bites will be a great help for this problem.
To produce and provide the customers with the most quality products to their best interest.
It doesn't mean that if we got our product from the local area, and we will produce a low quality product
for the locals. We will showcase a product with a world class quality but a low price for the prospective
customers.
To ensure safety and clean products by making of proper hygiene and sanitary working
environment to promote healthy and risk-free product benefits.
We must provide costumers a safe and clean product. Working in a well-sanitized environment will
help to get the satisfaction and security of the costumers.
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V. TARGET MARKET
The company will be offering the product to all age group, likely; kids, teens, and even to elders. We
will offer this to all the people in our community, boys and girls with a range age of 1-year-old and above.
We also discourage costumers with allergies to our product. The product is in a low price so anyone can
buy it.
ENTREPMINIONS 2
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Bookkeeper
•Must be good in competition
•No criminal records
•Must be high school graduate
Cashier
•College level
•Relative of the owner/manager
•No criminal record and also good in computation
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Cook/Baker
•Has the knowledge on the product
•With experience on cooking
•Must be a high school or college level
Assistant Cook
•High school graduate
•Has a good personality and willingness to assist
•With experience in cooking/assisting
Saleslady/ Salesman
•Single and good in communication skills
•Pleasant personality/ good-looking
•High school/ college graduate
Bookkeeper
1. Keeps all the record
2. Monitor all the expenses
3. Responsible for quarterly tax return
Cashier
1. Receive payment of the costumers
2. Responsible for any costumer complains
3. Issues receipts, refunds, and change to the costumers
Cook
1. Prepares the product well
2. Monitor the quality stocks/ingredients
3. Manages the kitchen
ENTREPMINIONS 4
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Assistant Cook
Salesman/ Saleslady
1. Costumer communication
2. Showcase the product
3. Assist costumers
MANAGER/OWNER
BOOKKEEPER
COOK/BAKER
ASST.
COOK/DISHWASHER
CASHIER
SALESLADY
ENTREPMINIONS 5
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ENTREPMINIONS 6
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II. PRODUCT
Our product is Bananalicious Bites. It is best for snack time; to all especially students as; it is
nutritious, delicious, and taste-friendly and easy to make. It is made up of good quality ingredient
such as Kardaba (banana), lumpia wrapper, peanut butter, cheese and oil. Just simple ingredients
resulting to an appetizing taste. It’s also good for health and also environment-friendly.
III. PLACE
One of the best location for opening a business is near the school which has the more chances
we can achieve a successful business. So, Lapu-Lapu St. in Poblacion, Madridejos, Cebu which is near
to MadrIdejos National High School will be our location for Bananalicious Bites.
IV. PRICE
A pocket-friendly price for P 5.00 each. The is profitable and worth it. The price is perfectly
calculated after all the expenses.
V. PEOPLE
The purchase process is initiated when a customer become aware of a need. Once alternatives
have been identified through these sources, consumer evaluates the options, paying particular
attention to those attributes the consumer consider most important. Our customers will be the
entire Barangay Poblacion which is near in a school (MNHS) who are willing to buy our Bananalicious
Bites on a low price with a delightful taste to bite.
ENTREPMINIONS 7
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VI. PROMOTION
We will make streamers showcasing our product so it will be noticeable to the public. We can have
extra promos for the customers. Our product is new in the market so we must find ways to promote
our product and put it in the market list of our customers.
Bananalicious Bites is a delicious discovery new product that can be enjoyed as your snacks or even
dessert. Bananalicious Bites is the brand name which is probably the most popular among the very
affordable cheese-peanut rolls. This will be the well liked street food. That’s sliced bananas with peanut
butter over a lumpia wrapper with cheese and then fried. Then placed in a paper plate. With additional
chocolate syrup. This will be the most favoured product of all.
ENTREPMINIONS 8
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VIII. POSITIONING
Bananaliciouus Bites may not be call as an original creation but rather an enhanced recreation of
a certain product. Basically, our product is originated form a Filipino delicacy turon-usually a slice of
banana wrapped in a lumpia wrapper an cooked in oil. It contains new ingredients as a twist than
eating just a plain turon, it is attractable to the sight and taste of the prospective customers.
ASSUMPTIONS:
ENTREPMINIONS 9
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ENTREPMINIONS 10
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II. INGREDIENTS
Bananalicious Bites is made up of good quality ingredients
Kardaba (banana) - It is primarily a cooking banana thought it can also be eaten raw. It is one of the
most important banana varieties in the Philippine cuisine. It is a perfect match for
our product as it has a sweet taste.
Peanut butter - Is a food paste popular in many countries, a spread made primarily from ground dry
roosted peanuts, but often containing additional ingredients that modify the taste or
texture.
Eden Cheese - Is a processed filled cheese food. It has completely different texture and taste, it is
very creamy. This will get better results for Bananalicious Bites.
Lumpia wrapper - (spring roll wrapper will work too) The wrapper are made up of flour and water,
or cornstarch, egg and water. It is additional taste and serve as for wrapping
Bananalicious Bites.
Cooking oil - It is used in frying, baking and other types of cooking
Utensils (spork) - has a small shallow bowl attached to a handle usable for putting ingredients
in it.
Calderone/Frying pan - A metal pan with a handle
Knife - a sharp blade attached to a handle that is used for cutting something
Plate - a flat and usually round/oval dish that is used for serving
ENTREPMINIONS 11
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Food tongs - a tool used to grip and lift objects of which there are
Chopping block - a hand wooden block or which things might slice on it.
Brush - use to brush the edge of the wrapper to seal
It might help to wet your fingers with warm water so they don't stick to the wrapper. You can also steam
the wrapper first to help them come apart more easily.
If you can't find lumpia wrappers, spring roll wrapper also work well. Lumpia is a bit thinner than spring
roll wrapper but the taste is quite similar.
ENTREPMINIONS 12
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V. LOCATION
One of the factor that can help business success is the location. We need to considered some of the
factor for looking business location. The population of the place, the demand and supply of goods in the place,
the needs of the people and even the culture. In addition, you should look at neighborhood traffic generators,
such as other retailers that draw people to the area, industrial or office park, school, colleges and hospital
complexes. So we decided to choose Lapulapu St. in Poblacion, Madridejos, Cebu as our location for our
business which is near in school. Because the more the costumer the more the chances we can achieve
successful business. This will be a popular street food in Madridejos.
ENTREPMINIONS 13
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Church
Site Location
Business Establishment
School
A
MCES
O
L a p u – L a p u St.
D MANILA EATERY
MNHS
ENTREPMINIONS 14
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Barangay Clearance - is an important document that businessmen must have so they can process their
business and other personal transaction.
Mayor's permit -is one of the requirements for every business or company to operate here in the
Philippines.
Sanitary Permit -a certificate that is issued by an authorized governmental inspection agency that
confirms the facility and or cargo has been inspected and meets the minimum sanitary
requirements.
Department Permit -constitutes permission to maintain, store, use or handle materials, or to conduct
processes which produce conditions hazardous to life or property, or to install equipment
used in connection with such activities.
Business Licences/Permit -are permits issued by government agencies that allow individuals or
companies to conduct business within the government's geographical jurisdiction. It is
the authorization to start a business issued by the local government.
BIR certificate (Bureau of Internal Revenue) -the most important requirement of all, because this is
necessary to require other permits and licences.
DOLE certificate (Department of Labor and Employment) -were created to protect your resources in
operating your business.
SEC certificate (Securities and Exchange Commission) -is responsible for regulating the securities
industry. It supervises all registered business entities in the country.
DTI certificate (Department of Trade and Industry) -to prove that the name, type and the location of
your business is registered at DTI.
ENTREPMINIONS 15
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I. INTRODUCTION
Taxation is when government require citizens to pay a certain amount of money based on their
earnings and property to help fund public institutions. Taxes are used to pay for things like public education,
welfare programs, transportation, infrastructure, and libraries along with many other services.
Capital Gain Tax - A tax levied on profit from the sale of property or of an investment.
Donor's Tax - Is an excise on the transfer by a living person to another of money or other property
without consideration.
Income Tax - A tax imposed on individuals or entities that varies with the income on profits of the tax
payer.
Value Added tax - A tax on the amount by which the value of an article has been increased at each of
its production or distribution.
Expanded withholding tax - Is a kind of withholding tax which is prescribed in certain income
payments and is creditable against the income tax due of the payer for the taxable
quarter/year in which the particular income was earned.
Withholding Tax on Government Money Payments - Is the withheld by national government
agencies(NGAs) and instrumentalities including government-owned and controlled
corporations and local government units, before making any payments to non-VAT
registered taxpayers/suppliers/payees.
Documentary Stamp Tax - Is a tax on documents, instrument, loan agreements and papers evidencing
the acceptance, assignment, sale or transfer of an obligation right or property incident
there to.
Estate Tax - A tax levied on the net value of the state of decreased person before distribution to the
heirs.
Percentage Tax - Is a business tax imposed on persons or entities who sell or lease goods, properties or
services in the course of trade or business whose gross annual sales or receipts do not
exceed 1.5 m and are non VAT-registered.
Withholding Tax on Compensation - Is the tax withheld from income payments to individuals
arising from an employer, employee relationship.
Final Withholding Tax - Is an amount of income withheld by the payers from the payee. The payer
pays this amount for the government as an income tax due from the payer.
ENTREPMINIONS 16
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ENTREPMINIONS 17
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Every business owner must learn at least the basic finance principle to effectively run his company.
Finance helps management gain a clear understanding of the business’ current financial position, particularly
whether the business is profitable or not. Companies of all sizes benefit from thorough financial planning to
guide the business steadily down the path to future growth.
1. Cost of Organization
Cedula P50.00
Etc. P100.00
P2 215.00
ENTREPMINIONS 18
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2. Inventories
500 kls. Banana(kardaba) (500 × P30.00) P15 000.00
125 pcs. Eden Cheese (125 × P50.00) P6 250.00
15 gallons cooking oil (15 × P200.00) P3 000.00
50 jar peanut butter (50 × P60.00) P3 000.00
300 packs lumpia wrapper (300 × P22.00) P6 600.00
P33 850.00
3. Salary/Wages
Cook P3 000.00
Bookkeeper P500.00
Cashier P2 000.00
Asst. Cook P2 500.00
Saleslady P2 000.00
P10 000.00
4. Power and Utilities
Electricity P500.00
Water P100.00
Fuel P100.00
Gas P1000.00
Etc. P400.00
P2 100.00
5. Sales Promotion
Tarpaulin P500.00
Freebies P500.00
P1 000.00
6. Rental P2 000.00
7. Fixed Asset
Food storage P200.00
Knife P300.00
Chopping board P80.00
Plates P75.00
Spoon P25.00
Food scissors P30.00
Food tongs P50.00
Frying pan P250.00
Stove P750.00
P1 760.00
ENTREPMINIONS 19
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8. Space Improvement
Paint P3000.00
Labor P1000.00
P4 000.00
9. Furniture&Fixtures
Table P5 000.00
Chairs P2 000.00
Display Cabinets P1 000.00
P8 000.00
10. Reserve P35 075.00
An income statement is a financial statement that reports a company’s financial performance over a
specific accounting period. Financial performance is assessed by giving a summary of how the business incurs
its revenues and expenses through both operation and non-operating activities. One important thing to
remember about an income statement is that it represents a period of time like the cash flow statement.
ENTREPMINIONS 20
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INCOME STATEMENT
Excess (166 460 – 140 000 = 26 460 × 25%) P6 615.00 P15 885.00
ENTREPMINIONS 21
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INCOME STATEMENT
Sales (411 × 365 = 150 015 × 1.10 = 165 017 × P6.00) P990 102.00
Excess (368 639 – 250 000 = 118 639 × 30%) P35 591.70 P85 591.70
ENTREPMINIONS 22
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INCOME STATEMENT
Excess (604 485 – 500 000 = 104 485 × 32%) P33 435.20 P158 435.20
ENTREPMINIONS 23
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V. RECOMMENDATION/CONCLUSION
Our product must be allocated with a capital for it has a big chance to shine in terms of business. It has
difficulty to manage but no easy in making profit. Beside that our product is profitable, it also in fact can bring
profit to the owner for the very first year.
ENTREPMINIONS 24
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Owner
People who are self-employed rather than employed by someone else also have other potential
advantages. They may be able to enjoy income tax breaks not available to employees, such as hiring other family
members and income splitting. Best of all, owning your own business can have you waking up with a smile on
Mondays eager to start work rather than dragging yourself into someone else's business. When you own your
business, you're the one in control, you get to build something, you get to help people, you may have the option
of a more flexible lifestyle, you might change the world and you make more money. The possibility of making
more than you could possibly make as an employee.
Employees
A certain business also gives benefits to its employees. It also offers opportunity to the employees such
grabbing a scholarship for their children and may have the chance to become one of the owner of the business.
But the most important is that business can give a better way of living by giving salaries to its employees. When
customers-contact employees are empowered to provide better service they are given more authority and
discretion to act. They are encouraged to used their creativity and initiative and then they are rewarded for
doing so.
Customers
The reality is that you can talk about how important services is from the highest level of your
organization you can begin to change processes and procedures organization which reinforce customers focus
and your staff can work diligently at trying to provide service excellence. Whenever there is a bump in the
economy and you know there will be one soon, costumers who do not feel valued are less likely to remain loyal
to a brand or a provider.
Government
As the business has to discharge certain responsibilities toward the government, similarly the
government has to discharge several responsibilities towards the business. Government is the most powerful
and sovereign authority in the country. It can do or undo anything. The government can use that power to
regulate and to stimulate business. This information is highly useful to business in formulating its policies. The
government can keep that information open to business reserves certain field of production for the public
sector.
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Supplier
A variety of indirect suppliers are essential to almost every working organization. Better relationship
and increased interaction will lead to less incidents or issues of poor performance, which in turn lead to lower
cost for managing the relationship and reduced costs through failures. The reverse is of course also true for a
supplier will commit to more modest or flexible pricing models for long term contracts in order to mitigate their
risk and exposure.
Environment
Reducing the environmental impact of your business will improve the sustainability of a business. If you
are less dependent on natural resources than your competitors and have ways to deal with rising costs due to
climate change, your business will have a greater chance of long form success. Taking steps to prevent
environment damage will reduce your risk of incurring costs and of having to carry out potential expensive
remedial work in the event of an environment incidents.
Competitors
When your competitors make more profit than you, it means that they have adopted some great
techniques to attract customers. So you can study strategies that your competitors adopted which makes them
successful. Thus, you can easily know the pulse of your costumers and this can be utilized to make your business
successful. In short you get better ideas that you can make use of.
ENTREPMINIONS 26
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RESEARCHERS’ PROFILE
Name: Philipp Charles B. Lambayan
Nickname: Philipp or Pidang
Address: Mancilang, Madridejos, Cebu
Contact: 09091520157
Advocacy in Life: Work hard to have a good career, help my family
and serve God.
Ten years from now I see myself serving with our almighty GOD all of my heart and soul. There
are many opportunities comes to me maybe. I will continue my dream to be a master in Medicine.
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Ten years from now, I see myself as a successful man that has a
capability to associate with other people .
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ENTREPMINIONS 30