FINANCIAL PLAN

As a starting handicrafts business, we have a huge financial budget plan. We intend to

rent a space for the setting of our business. We’ve decided to set it up at Barangay Busay,
Cagsawa, Daraga, Albay. The materials needed for the products will come from one of the
suppliers in Guinobatan. Therefore, we will have to pay for the transportation of the materials.

The business owners are going to manage the day to day operation of the business to
achieve its desired objectives. Their effectiveness and efficiency will help to ensure the
venture’s success.

Here are the financial tables provided for starting a handicraft business.

START-UP FUNDING REQUIREMENT

PARTICULARS AMOUNT AMOUNT

Sources of Funds:
Personal Funds ₱3,000
Total funds provided ₱3,000

Application of Funds:
Purchase of materials ₱1,040
Purchase of equipment ₱200
Delivery Expense ₱200
Rent Expense ₱1,000
Total ₱2,440

PRODUCT QUANTITY SELLING PRICE

PURE ABACA 5 120

PURE BAKBAK 5 90

ABACA WITH 5 80
RIKRAK

ABACA WITH 5 100

BAKBAK

PURE RAFFIA 5 140

TOTAL 25 2,650
DAYS PROJECT VOLUME PROJECT SALES

PURE PURE ABACA ABACA PURE

ABACA BAKBAK WITH WITH RAFFIA
RIKRAK BAKBAK
MONDAY 5 5 5 5 5 2,650

TUESDAY 5 5 5 5 5 2,650

WEDNESDA 5 5 5 5 5 2,650
Y

THURSDAY 5 5 5 5 5 2,650

FRIDAY 5 5 5 5 5 2,650
 TOTAL

MON TUE WED THU FRI

GROSS 2650 2650 2650 2650 2650 13,250

SALE
GROSS 2650 2650 2650 2650 2650 13,250
INCOME
EXPENSES 2440 2440 2440 2440 2440 12,200

PROFIT 210 210 210 210 210 1,050

BEGINNING 3000 3000 3000 3000 3000 15,000

CASH
ENDING 3210 3210 3210 3210 3210 16,050
CASH

ANALYSIS
Based on the financial tables provided above, the business used an amount of ₱2,440
for the start-up cost and has an increasing profit of ₱1,050 on the first week of production.
Hence, the calculated closing balance is ₱16,050. The business is expected to be in a stable and
growing financial position in the following weeks of production.