Catanduanes State University

College of Business and Accountancy

Glitch Image
Eco-friendly Bag

Business Plan

Prepared by:
Bheberly P. Soriano
Student

Submitted to:
Maria Concepcion Marquez
Professor

1
 BUSINESS PLAN OUTLINE

I– Title/Cover Sheet
II – Table of Contents
III - List of Tables and Figures
IV – Introduction
4.1 Proposed Name of Business
4.2 Address of the business
4.3 Name of the Owner/s
4.4 Description of the Project
4.5 Location of the business
4.6 Funding requirements and sources

V– Executive Summary
5.1 Company Vision, Mission, Goal and Objectives
5.2 Core Values Statements
5.3 Brief Profile of the Entrepreneur
5.4 Project’s Contribution to the Economy

VII – Marketing Plan

7.1 Description of the Product/service
7.2 The Opportunity Analysis
 Application of Business Idea
 Analyzing Business Opportunities
 Environmental Analysis
 SWOT Analysis
 Competitors analysis (Comparison of the Product with its Competitors)
 Consumer Analysis (Main Customers)
7.3 Market analysis
 Marketing Objectives
 Market Segment
 Target Market
 Marketing Strategy
o Product/Service
o Price
o Place
o Promotion
7.4 Market Share
7.5 Selling Price
7.6 Sales Forecast
7.7 Total Demand
7.7 Marketing Budget

VIII – The Production/Technical Plan

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 8.1 Production Area/Layout
8.2 Production Process/Flow Diagram
8.3 Fixed Investment and Depreciation Schedule
8.4 List of Machineries and equipment (number, specification, purpose, price and supplier)
8.5 Planned and Future Capacity
8.6 Projected Production Schedule (volume by year)
8.7 Raw Material Requirements (List, Source, Cost of Raw Materials, Inventory Schedule)
8.8 Direct Material Purchases
8.9 Indirect Raw Material Requirements (List, Source, Cost of Indirect Raw Materials,
Inventory Schedule)
8.10 Labor Availability – job position, qualifications and experiences for direct and indirect
labor
8.11 Labor Activity and Productivity
8.12 Cost of Labor (Direct and Indirect)
8.13 Cost of Production
8.14 Cost of Goods Sold and overhead expenses

IX – The Organization and Management Plan

9.1 Form of Business organization
9.2 Organizational Structure with Functional Chart indicating job titles and job description
9.3 Business Experience and Qualification of the Entrepreneur
9.4 Licenses, Permits and Registration Expenses
9.5 Pre-Operating Activities and Expenses
9.5 Administrative Expenses

X– The Financial Plan (for 3 year period)

10.1 Project Cost (Capital Requirement)
10.2 Financing Plan and Loan requirements
10.3 Projected Income Statement
10.4 Projected Cash Flow Statement (monthly and annually)
10.5 Projected Balance Sheet
10.6 Loan Repayment Schedule (optional)
10.5 Break-even (BEP)
10.5 Return on Investment (ROI)

XII – Annexes (Curriculum Vitae)

Take Note of the following:

 Submission of the final business plan is until May 26, 2023 ONLY (it is part of your final
examination)
 Soft bound with the following format:
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 o Font style - Times New Roman
o Font size – 13
o Margin: left (1.5”), right (1”), top (1.2”) and bottom (1”),
o Paragraph Spacing: 2
o Short bond paper
o Cover color:
 3B and 3E – Blue
 3C – Yellow
 3D – Green

20 to 25 minutes VIDEO presentation of business plan is required as part of your performance with the
following PPT presentation sequence/format:
1. Introduction
2. Executive Summary
3. Marketing Plan
4. Production/Technical Plan
5. Organization and Management
6. Financial Plan

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 FIGURE AND CONTENT

Description of Project
 Figure 1.11
4.4 Location of the business
 Figure 1.2
 TABLE 1
 Table 2
Market Segment
 Figure 1.3
Selling Price
 Table 3
Sales Forecast
 Table 4
Total Demand
 Table 5
7.7Marketing Budget
 Table 6 -11
8.2 Production Process/Flow Diagram
 Table 12
8.1 Production Area/Layout
 Figure 1.4
8.3 Fixed Investment and Depreciation Schedule
 Table 13
List of Machineries and Equipment ( number, specification, purpose , price, and supplier)
 Table 14
Projected Production Schedule (Volume by year)
 Table 15
Raw Material Requirements (List, Source, Cost of material, Inventory Schedule)
 Table 16
Direct Material Purchase
 Table 17-18
Indirect Material Requirements (List, Source, Cost of Indirect Raw Material, Inventory Schedule)
 Table 19-21
Labor Activity and Productivity
 Table 21
8.13 Cost of Production
 Table 22-23
9.4 Licenses, Permit and Registration Expenses
 Table 24
9.5 Administrative Expense
 Table 25

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9.2 Organizational Structure with Functional Chart indicating job titles and job description
 Figure 1.5
Project Cost (Capital Requirement)
 Table 26
10.4 Projected Cashflow Statement
 Table 27
Projected Balance Sheet
 Table 27

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 Introduction
4.1 Proposed Name of Business
A tote bag is an incredibly useful accessory. It’s a simple product with huge versatility. In the most
basic terms. Tote bags are usually unfastened at the top and are bigger than most other handbags.
Glitch Image namely meaning to customized any design to be made from a range of different fabrics
and come in multiple colors and patterns. They are often made from lightweight materials such as
canvas and cotton.
These are commonly used for carrying shopping. It is perfect for transporting essentials and for
providing a comfortable and reusable alternative to plastic shopping bags. Because of their spacious
capacity, tote bags also make fantastic work bags which look smart yet are able to hold everyday
essentials. The stylish nature of tote bags means they may be used as simple fashion accessories which
can be worn casually or used to make a statement on more formal occasions.

Name of Business: Glitch Image

4.2 Address of the business

Rizal Rd, 4800 Calatagan Virac is a barangay in the municipality of Virac, in the province
of Catanduanes. Its population as determined by the 2020 Census was 3,335. This represented 4.36% of
the total population of Virac.
Student owner named: Bheberly P. Soriano
4.3 Description of Project
Totes bags are the category of bags that have parallel handles that emerge from the inside of the bag.
Production size 10x10 and 12x12 They're usually large and are either open (most common) or fastened
at the top. Examples of tote bags include our canvas and katsa bags.
Figure 1.1

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4.4 Location of the business
It is easy to find or see the location because it is just in front of the Catanduanes State University
Calatagan National Rd 4810 Virac along Cantanduanes State University left side way to Cavinitan
Uptown (North)

Figure 1.2

ote bags have become so popular due

to their various uses. Consumers can
use the tote bag if they are hitting the
beach or shopping around town.
Whether
for fashion or functionality, the tote
bag is the convenient bag for any
purpose.
Tote bags are commonly used for
carrying shopping. The tote bag's
bigger size

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makes it perfect for transporting
essentials and for providing a
comfortable and
reusable alternative to plastic
shopping bags. Aryl’s Tote
Bags provides
ecofriendly, affordable and
reusable bags for various uses
especially for
shopping.
ote bags have become so popular due
to their various uses. Consumers can
use the tote bag if they are hitting the
beach or shopping around town.
Whether

9
for fashion or functionality, the tote
bag is the convenient bag for any
purpose.
Tote bags are commonly used for
carrying shopping. The tote bag's
bigger size
makes it perfect for transporting
essentials and for providing a
comfortable and
reusable alternative to plastic
shopping bags. Aryl’s Tote
Bags provides
ecofriendly, affordable and
reusable bags for various uses
especially for
shopping.
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4.6 Funding Requirements and Sources

Debt Capital
Ownership Stays with You. When you borrow money from a financial institution, you are obligated to
pay them back the principal amount along with a pre-decided interest

 Tax Deductions.
 Lower Interest Rates.
 Easier Planning
 Accessible to businesses of any size
 Builds (Improves) business credit score

V. Executive Summary

5.1 Company Vision, Mission, Goal and Objectives

MISSION We aim to provide solutions to satisfy our customer’s need by providing them Quality,
flexible yet affordable products, delivered on time.
VISION: To be the leading manufacturer of corporate giveaway bags in Philippines Goals and
objectives

Goals and objectives

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is to serve as an easy carryall, especially during those busy days spent shopping or running errands. A
canvas tote bag, however, is any tote made from the durable, fabric material woven out of cotton or
linen. This material is also found on sails, tents, backpacks and other items

5.2 Core Values Statement

We deliver AMAZING SERVICE to our Clients. We take OWNERSHIP in everything that we do. We
are COMMITTED to innovation and continuous improvement. Try to be better every single day. We
SHARE our common goals through teamwork. We assure that our PASSION will help us achieve our
success!
5.3 Brief Profile of the Entrepreneur
I’m Bheberly P. Soriano 24 years old student of Catanduanes State University taking Bachelor of
Science Entrepreneurship. My hobbies are song & dance but when it comes to skills my passion is to
create some work. Fast learner but still want to learn. Businesses are dear to me so much since I grew
up when it comes to my family side. So, as an entrepreneur soon and pursuing I also want to increase
the knowledge of how to manage a business even if it is just starting until it grows.

5.4 Project’s Contribution to the Economy

Tote Bags Market By Pattern (Printed, Textured, Solid, Others); By Material (Canvas, Embellished,
Fabric, Leather, Faux Leather, Nylon, PVC, Jute , Cloth, Others(Straw); By Application (Shopping
Tote, Casual Every Day Tote, Laptop Tote, Sports Tote, Business and Travel Tote, Personalized Tote,
Others) - Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis &
Opportunity Evaluation. This rising demand for tote bags can be attributed to availability of wide range
of tote bags product to meet every requirement. Further, growing environmental awareness amongst the
population has increased the consumer’s preference for tote bags over plastic bags. Reusability of tote
bags and environmental benefits of using tote bags are likely to be the major factors behind the growth
of global tote bags market.

VII- Marketing Plan

7.1 Description of the Product / Service

Bringing a sturdy high-quality Tote, with our graphics and quotes we want to create something that is
well liked, like a tote, and due to its versatility, anybody can pair Tote with our customer’s favorite
outfit. Tote-ally Eco-friendly, made with all-natural fibers, 100% Cotton and handmade.

Canvas Tote bag

Dimension 12inch length 12inch height

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Types of Fabrics: Thick and Rough

Katsa Tote bag

Dimension 12inch length 14inch height
10inch length 10inch height
Types of Fabrics: Thin and soft

7.2 The Opportunity Analysis

Analyzing Business Opportunities

Glitch Image rise good for business especially providing their unique designs and sturdiness, tote bags
will not only impress your customers but also create brand advocates out of them. These customers will
act as ambassadors for your brand helping to increase its reach and reliability.

Environmental Analysis

The island province of Catanduanes lies in the eastern frontier of the country that is virtually isolated in
the Pacific Coast. Though pretty much within the typhoon belt, it is blessed with significant landforms
and rich forests thus, Catanduanes is considered the “last frontier” of Bicol Region in terms of forest
cover. With a rugged and mountainous topography which becomes more pronounced toward the central
core, broken down by a narrow strip of valley floors in the midsection an

Swot Analysis

A SWOT analysis was conducted to Glitch Image in its current

environment in terms of strengths and weaknesses (internal) and opportunities and threats
(external). Aims to undertake this exercise on an annual basis in an effort to reach
its full potential as a business.

STRENGTH

1. Sustainable & durable

product
2. Multipurpose & reusable
product
3. Locally sourced materials,
4. Fully customizable product
5. Good customer service
6. Positive brand image
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 responsibility
7. Strong online presence

OPPORTUNITIES

1. Founders’ educational
Background is in business
2. Plastic ban has resulted in
an opportunity for a substitute
for customers
3. Environmental benefits
4. Growing consumer demand
for sustainable bags
5. Current market does not
have high quality eco bags
6. Online market
Can eventually expand into
7. a variety of products

WEAKNESS

1. Lack of business
management experience
2. Manufacturing/ production
of product dependent of
third party
3. Limited manufacturing
capacity
4. Minimum market presence
5. Unreliable cash flow Price
1
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 6. Brand awareness

Threats
1. Emerging competitors
2. Changing customers
attitudes towards Eco bags
3. Economic conditions of
Indirect control over
4. manufacturing source
5. Internal financial resources
6. Existing plastic bag
producers
7. Existing small-scale
produce

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 TABLE 1

Competitor Analysis (Comparison of the Product with its competitors)

Competitors Strengths Weakness
Eco-luntian  Loaded Production  Not usually response
 Great Quality in social media
 Having various bag
made
Jem’s Printing Services  Physical Shop  Expensive price
 Clothing Services

Consumer Analysis

Social media is central in all advertising done by the business as it allows for direct
contact with its target customers. It is especially useful considering the current state of
the nation, at a time in which it is prohibited by the law to socially mass-gather and
restrictions are in place for individuals to have minimal physical contact with one
another.
Some of which also promote and encourage sustainable and eco-friendly products. These
businesses constantly promote Glitch Image on their social media pages, which
effectively introduces and re-introduces the product and business to their target
customers.

Table 2

DEMOGRAPHIC
Tote bag can inquire
Age 16-50 years old
Gender Any
Occupation Students, Unemployed, Employees, Self
employed

8.3 Market Analysis

Marketing Objectives

Major objectives to accomplish is the engagement of our customers is important to the

business. We will create the most efficient manner to satisfy customers’ demands and
needs, while we plan to increase the creativity of customers and encourage them to
personalize their product to their own satisfaction.

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Market Segment3
Figure 1.3

Sales

30%
26-50 years old

70%
16-30
years old

16-25 26-50

Target Market

Marketing Strategy

Product
Glitch Image Eco-bag a line of sustainable and eco-friendly bags are locally sewn using a
cotton material. This material is sustainable, renewable, and biodegradable, making it an
excellent choice as an environmentally-friendly fiber. Given the recent ban on single-use
plastics
It is further into the market by promoting a greener environment and endorsing eco-
friendly products. It is not only for the proud environmentally conscious citizen that
wants to make a difference, but also for a fashion-conscious person just wanting
something stylish.

Price
It was determined that prices of the Canvas Tote should vary based on the different
placement types, cloth designs, and accessory additions such as an additional button or an
added embroidered name. Each bag is fully customizable; therefore, it was determined to
be necessary to increase the final price per tote based on the overall custom requests.

The starting prices of one size of Canvas 120 pesos, Katsa for 100 pesos
One of the primary goals was to sell financially appealing and affordable bags to target
customers Since the bags are also highly fashionable, the prices were also set according
to similar fashion and eco-friendly products.

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PlaceGlitch Image operating 24/7 via social media platforms, Facebook and Instagram,
and carries select ready-made bags available in physical store. At the time of accepting an
order, all customers are immediately encouraged to select their delivery/pick up option.
Once an order has been placed, production of the requested tote takes about one business
week. All customers are informed about this. When the tote is completed, based on the
delivery/ pick up option, the product is then turned over to the customer. One delivery
option generally utilized for its rapid and convenient delivery are local courier services.

Promotion
Social media platforms like Facebook and Instagram are free to use, which is why aside
from being colossally convenient for FREE mass advertising, it is opportune to use to
increase brand awareness.

Social media is central in all advertising done by the business as it allows for direct
contact with its target customers. It is especially useful considering the current state of
the nation, at a time in which it is prohibited by the law to socially mass-gather and
restrictions are in place for individuals to have minimal physical contact with one
another.

7.4 Market Share

This Business venture ecommerce project

As a starting venture Glitch Image intends to capture most of the market share, estimating
an millennials generation 70% of the market age 16-25 years old.
Our business will target most of its market through social media such as: Facebook and
Instagram advertising. Using systems or databases will help in the collection of data
about the needs and wants the customers’ demands. Targeting the market will be an
advantage to the business because this may serve as an experience to do trade
publications and learn to do industrial forecast and become a successful enterprise

7.5 Selling Price

Table 3
Tote bag Dimension Price
Canvas 12x14 130
Katsa 10x10 100
Katsa 12x14 120

1
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 Pouch String Dimension Price
Katsa 8x10 65
Katsa 6x8 55
Katsa 9x14 85
Katsa 4.5x5 37
Katsa 4.5x7 45

7.6 Sales Forecast

Table 4
Projected Monthly Sales Volume
Canvas and Katsa 12x12

Market Month
share
Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Total

n 20 25 30 35 35 20 35 40 45 60 45 80 470

q 20 20 25 30 40 25 50 50 60 70 50 100 540

Q 400 500 750 1,050 1400 500 1750 2000 2700 4200 2000 8000 25,250

7.7 Total Demand

Table 5

Planned Sales Volume/Sales for a Single Product Line Business

Year 1 Year 2 Year 3 Year 4 Year 5

Planned Sales Volume (in units) 540 700 800 1000 2000
x Planned Selling Price per unit 100 100 100 100 100
Total Sales 3,032,000 2,497,825 4,089,487 4,675,925 7,052,851

1
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 7.7Marketing Budget

Table 6
Simple Accounts Receivable Schedule
YEAR 1

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.

Total
Sales 40,00 50,000 75,00 105,000 140,00 50,000 175,00 200,000 270,000 420,00 200,000 800,000
0 0 0 0 0

Less:
Cash 36,20 45,000 67,50 94,500 126,00 45,000 157,50 180,000 243,000 378,60 180,000 720,000
Sales 0 0 0 0 0

Sales on
Credit 4,800 5,000 7,500 10,500 14,000 5,000 17,500 20,000 27,000 42,000 20,000 90,000

Collectio
n of A/R 0 4,800 5,000 7,500 10,500 14,000 5,000 17,500 20,000 27,000 42,000 20,000

A/R 80,000
Balance 0 5,000 7,500 10,500 14,000 5,000 17,500 20,000 27,000 42,000 20,000

Table 7

Breakdown of Cash and Credit Sales for Year 2

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.

Total 51,852 64,512 97,222 136,111 181,452 64,815 256,852 259,259 35,000 544,444 259,25 1,037,037
9
Sales
Less: 46,667 58,333 87,450 122,500 163,334 58,333 204,167 233,333 31,500 440.000 23,333 433,333
Cash
Sales

Sales on 5,155 6,482 9,722 13,611 18,148 6,482 22,685 25,926 3,500 54,444 25,926 103,704
Credit

Collection 80,000 5,185 6,482 9,722 13,611 18,148 6,482 22,685 25,926 3,500 54,444 25,926
of A/R

On 30- 0 0 0 0 0 0 0 0 0 0 0
day
Credit

On 60- 0 0 0 0 0 0 0 0 0 0 0 0
day
Credit

On 90- 0 0 0 0 0 0 0 0 0 0 0 0
day 2
Credit 0
A/R 0 0 0 0 0 0 0 0 0 0 0 0
Balance
 Breakdown of Cash and Credit Sales for Year 3

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.

Total 59,259 740,741 111,111 156.55 207,407 74,074 259,259 296,296 400,00 422,222 296,296 1,155,15
Sales 6 0 5

Less: 53,333 666,667 100,000 140,00 186,667 66,667 237,333 266,669 360,00 560,000 266,666 1,066,66
Cash 0 0 6
Sales

Sales on 5,926 74,074 111,111 15,556 29,741 7,407 25,926 29,627 40,000 62,000 29,630 118,519
Credit

Collectio 25,9
n of A/R 26 5,926 74,074 111,11 15,556 20,741 7,407 25,926 29,627 40,000 62,222 29,630
1

On 30- 0 0 0 0 0 0 0 0 0 0 0 0
day
Credit

On 60- 0 0 0 0 0 0 0 0 0 0 0 0
day
Credit

On 90- 0 0 0 0 0 0 0 0 0 0 0 0
day
Credit

A/R 0 0 0 0 0 0 0 0 0 0 0 0
Balance

Table 8

Table 9

Breakdown of Cash and Credit Sales for Year 4

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.

Total 74,074 92,593 138,88 194,444 259,259 92,593 324,074 370,370 500,00 777,778 370,370 1,481,48
Sales 9 1

Less: 66,667 83,334 125,00 175,000 233,373 83,334 291,667 333,333 450,000 70,000 37,333 1,333,33
Cash 0
Sales

Sales on 7,407 9,259 13,589 19,444 25,926 9,259 32,407 37,037 50,000 7,778 37,037 148,148
Credit

Collectio 0 0 0 0 0 0 0 0 0 0
n of A/R
2
1
On 30-
day
Credit

On 60-
day
Credit

On 90-
day
Credit

A/R
Balance

Table 10

Breakdown of Cash and Credit Sales for Year 5

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.

Total 148,148 185,185 277,778 388,889 518,518 185,185 648,148 740,741 100,000 1,555,556 740,741 2,962,962
Sales

Less: 133,333 166,667 250,000 350,000 466,667 166,667 583,333 466,667 90,000 1,400,000 666,667 2,666,666
Cash
Sales

Sales on 14,815 18,519 27,778 38,889 51,852 51,852 64,815 74,074 10,000 155,556 74,074 296,296
Credit

Collection
of A/R

On 30-
day
Credit

On 60-
day
Credit

On 90-
day
Credit

A/R
Balance

Table 11
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 Selling Expenses
Year 1 Year 2 Year 3 Year 4 Year 5
Sales commissions 10% 10% 10% 10% 10%
(1,000 pcs) (1,000 pcs) (1,000 pcs) (1,000 pcs) (1,000 pcs)

Advertising 5,000 7,000 8,000 9,000 10,000

Signboards 2,000 4,000 4,500 5,500 6,500

Posters, flyers etc. 3,000 4,000 5,000 6,000 7,000

Packaging 5,000 7,000 9,000 10,000 11,000

Transportation 5,000 6,000 7,000 8,000 9,000

expenses
Sales promotions 3,500 4,000 5,000 6,000 7,000

Total Selling Expenses 24,000 32,000 38,500 44,500 50,000

VIII- THE PRODUCTION PLAN/LAYOUT

8.1 Production Area/Layout

Figure 1.4

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 8.2 Production Process/Flow Diagram

Table 12

Process Symbol
Step Activity Description Operatio Transportation Storag Delay Inspection
n e
1. Prepare the final
design to the graphic
artist
2. Proceeding into the
production of printing
sublimation
3. Collecting all the final
printed sublimation into
Heat press area
4. Check all the orders

2
4
 especially the quantity
and final quality design
. Packaging area
5. Deliver the products
partnering courier
services
6. Update From the
operation of courier
services
Operati
on transpor Inspection storage Delay
t

8.3 Fixed Investment and Depreciation Schedule

Table 13

Table 1
Fixed Investment and Depreciation Schedule
Acquisition Qty. Total Life Annual Depreciation Charges
Cost Cost Span
(in
Year Year Year Year Year 5
years 1 2 3 4
)
Land 0 0 0 0 0 0 0 0 0
Building 0 0 0 0 0 0 0 0 0
Building 5,000 1 5,000 5 5,000 4,000 3,000 2,000 1,000
Improvement
Machine/
Equipment/ Tools
Heatpress Machine 7,000 1 7,000 5 7,000 5,600 4,200 2,800 1,400
Printer 10,000 1 10,000 5 10,000 8,000 6,000 4,000 2,000
2
5
 Total 23,000 22,000
Mach/Equipment/
Tools

Furniture and
Fixtures
Chair 500 4 2,000 10 450 400 350 300 250
Long Table 1,000 2 2,000 10 900 800 700 600 500
Cabinet 2,000 1 2,000 10 1,800 1,600 1,400 1,200 1,000
Total Furniture & 3,500 6,000
Fixtures

Office Equipment
laptop 20,000 1 20,000 10 18,000 16,00 14,000 12,00 10,0000
0 0

Total Office 20,0000 20,000

Equipment

Vehicle

Total Vehicles
GRAND TOTAL 46,500 11 48,000 43,150 35,80 29,680 12,10 7,150
0 0

8.4 List of Machineries and Equipment (number, specification, purpose, price, and
supplier)

Name Number Specification Purpose Price Supplier

Laptop 1 14 inches Editing 20,000 PC EXPRESS

256SDD 4GB
Heat press 1 15x18 inch Heating 7,000 Photo lock
Machine Transfer
Duty Digital Design
A4 size

2
6
Printer 1 3in1 Refill Printing 10,000 ACC
Tank Design into
Sublimation
Paper
Table 2 120cm Organize 2000

Cabinet 1 8 door 47x47 Storage 2000 Hardware

cm

Table 14

8.5 Planned and Future Capacity

Planned

 We will listen to our customers to satisfy their needs and wants so that the
performance of the business is proactive.
 The financial statements will be an efficient way of having a proper control if the
business is performing

Future

 To properly measure success, we will create surveys and avidly implement

customer’s feedback
 Our venture will oversee the performance and abilities of its future members to
better the operation system.


8.6 Projected Production Schedule ( Volume by year)

Table 15

Production Schedule for a Single Product Line Business

Planned sales volume, in units Year 1 Year 2 Year 3
Add: Desired Ending F.G. inventory, 25,250 50,500 101,000
in units
Less: Beginning F.G. inventory, in 0 25,250 50,500
units
Units to be produced 25,250 25,250 50,500 2
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8.7 Raw Material Requirements (List, Source, Cost of material, Inventory Schedule)

Table 16

List Source Cost of Material Inventory Schedule

Direct
Tote bag Supplier 90 50 pcs
Sublimation Paper School Supplies 150 50pcs
Shop

Indirect
Paper Bag School Supplies 10 50pcs
Shop
Ribbon School Supplies 25 50pcs
Shop

8.8 Direct Material Purchase

Table 17

Direct Raw Material Requirements

Product:
Direct material Purchase cost/ Quantity Cost/unit
(A) unit of material needed/unit to be produced
(B) to be produced (D)
(C)
Katsa Bag 3,400 50 pcs 50
Sublimation paper 150 50 pcs 50
Total 3,550 100
Direct Cost/Unit 100
Table 18
Direct Material Cost for a Single Product Line Business
Year 1 Year 2 Year 3
Units to be produced 200 400 800
x Direct material cost/unit 100 100 100
Total direct material cost 20,000 40,000 80,000

8.9 Indirect Material Requirements (List, Source, Cost of Indirect Raw Material,
Inventory Schedule)
Indirect Material Requirement
Indirect Material Purchase cost/ Quantity Cost/year
unit needed/year
Paper Bag 50 (10pcs) 25,250 5,050
Ribbon Roll 15 (25pcs) 25,250 42,083
2
8
 Indirect material 47,133
cost (For Year 1)
Table 19

Table 20

Indirect Material Requirement

Indirect Purchase Quantity Cost/year
Material cost/ needed/year
unit
Paper Bag 50 (10pcs) 10 50
Ribbon Roll 15 (25pcs) 10 6

Indirect 56
material cost
(For Year 1)

8.10 Labor Activity

Both editor and heat press personnel working hours availabity

Monday-Sat 8am to 6pm. Personnel can be extend hours due to maximum orders
production.

8.10 Labor Activity and Productivity

Table 21

Manpower Requirements
2
9
 Number of Salary/ Annual
employees month salary*
Direct Labor 1 6,000 78,000

Sub-Total 1 6,000 78,000

Indirect Labor 1 6,000 78,000

Sub-Total 1 6,000 78,000

Sales Staff 0 0 0

Sub-Total 0 0 0

Administrative Staff 0 0 0

Sub-Total 0 0 0

Total 2 12,000 156,000

8.11 Cost of Labor

8.13 Cost of Production

Table 22

Cost of Production
Year 1 Year 2 Year 3
3
0
 Direct materials 20,000 40,000 80,000
Direct labor 187,200 187,2000187,20
0

Production overhead: 187,200 187,200 187,200

Indirect labor 47,133 51,510 55,887
Indirect materials
Repair and maintenance
Depreciation of production 3512.5 3296.33 3,088.17
eqpt.
Transportation expense 115,200 115,520 115,840
Light and power 36,000 36,000 36,000
Water 1,200 1,200 1,200
TOTAL COST OF 597,445.5 621,926.33 666.415.17
PRODUCTION

Product Cost Per Unit for a Single Product Line Business

Year 1 Year 2 Year 3
Total cost of production 597,445.5 621,926.33 666.415.17
÷ Units to be produced 25,250 50,500 101,000
Product cost per unit 23.410 12.315 6.59

Table 23

IX-The Organizational and Management Plan

9.1 Form of Business Organization

Glitch Image is a A sole proprietorship business that can be owned and controlled
by solo trader Bheberly P. Soriano, There are no partners in the business. One of the
priority is to cover all the expenses especially the capital.

9.2 Organizational Structure with Functional Chart indicating job titles and job
description

Figure 1.5

Owner-Bheberly Soriano
Responsibility to check and manage all task

3
1
 Manager
is responsible for leading and overseeing all
operations in their company. They implement
strategies to ensure productivity while also
evaluating how well the business performed on
various tasks within a specific time frame.

Staff 1 - Editor
responsible for pitching ideas and reporting, but
editors may also have other tasks such as
overseeing social media, online website checking
the orders. Editors must be able to create
production schedules so stories will meet certain
deadlines for online and print publication.

Staff 2- Heat Press Personnel

Inspects proof sheets to evaluate the quality of
printing. Adjusts press machinery to meet quality
standards and specifications. Maintains inventory
of supplies needed to operate printing presses.

9.3- Business Experience and Qualification of the Entrepreneur

Business Experience Because of my family here I saw and learned how to manage a
business little by little. We have a Mini Grocery open 24hrs. My family also built a salon.
And used to be resellers of clothes

3
2
 Qualification of the Entrepreneur by employing effective communication skills,
sales skills, a deep focus, and a high ability to learn, an entrepreneur can actually learn
a business strategy on the fly it's important that the structure and growth strategy is
based on sound business sense and skills. They help raise the standard of living for
everyone by creating jobs and making products safer, less expensive, and more
functional. Entrepreneurs with no prior experience tend to concentrate too much on
one role, such as being the product developer and lose sight of other important things.
On the other hand, experienced entrepreneurs tend to do a more balanced job.

9.4 Licenses, Permit and Registration Expenses

Table 24
Licenses, Permit and Registration Expenses Amount

Barangay Clearance 100

Mayor’s Permit/ Business Permit 1000
BIR Certification Registration 500
DTI BUSINESS NAME (BN) 200
REGISTRATION CERTIFICATE

TOTAL 1,800

9.5 Administrative Expense

Table 25
Particular Amount
Furniture and Fixture 6,000
Office and Equipment 20,000
Marketing Expenses
Labor Expense 12,000
Total

X-The Financial Plan (for 3-year period)

3
3
 Project Cost (Capital Requirement)

Table 26

Total Project Cost

Debt Equity Total
Total pre-operating expenses 0 0 0
Fixed investment 0
Working capital (minimum cash balance you 0 100,000 172,000
need for one cycle to pay your raw materials,
direct labor, manufacturing overhead, 50,000
operating expenses)
22,000
TOTAL PROJECT COST (Total pre-operating 0 20,000 207,200
expenses + fixed investment + working
capital requirement) 187,200
Proportion of debt:equity 0 0 0

a. Where are you going to get the funds to finance your total project cost?
When I start a business. I will first make sure I have savings to set aside for
the start of my business as an entrepreneur, you will start knowing how to
manage the money you have saved and how I can grow it when it comes to my
business.

10.4 Projected Cashflow Statement

Table 27
Projected Cash Flow Statement
Cash Inflows Pre- Year 1 Year 2 Year 3
Operatin
g
Loan proceeds 0 0 0 0
Owners’ Equity 207,200 227,200 267,200

3
4
 Cash sales 2,525,000 2,498,14 4,177,376
8
Add: Collection of receivables 172,500 272,111 348,146
TOTAL CASH INFLOWS 2,904,700 2,770,68 4,525,989
6
Cash Outflows 0 0 0

Pre-operating expenses 0 0 0
Fixed investment 172,000 172,000 172,000
Materials purchases 20,000 40,000 80,000
Direct labor 187,200 187,200 187,200
Production overhead minus 0 0 0
depreciation and
Indirect materials
Selling & administrative 0 0 0
expenses minus depreciation
and amortization of pre-
operating expenses
TOTAL CASH OUTFLOWS 224,400 399,200 439,200
NET CASH FLOW 2,680,300 2,371,48 4,086,789
6
Add: Beginning cash balance 0 0 0
Less: Principal 0 0 0
repayments/interest payments
ENDING CASH BALANCE 2,680,300 2,371,48 4,086,789
6

10.5 Projected Balance Sheet

Table 27
Projected Balance Sheet
Pre- Year 1 Year 2 Year 3
Operating
3
5
ASSETS Period

Cash 2,680,300 2,371,486 4,086,789

Accounts Receivable 172,500 272,111 348,146
Raw materials inventory 197,500 40,200 80,200
Finished goods inventory 25,250 25,250 500,500
Merchandise inventory 0 0 0
Supplies/spare parts inventory 0 0 0
TOTAL CURRENT 3,075,550 2,709,047 4,565,635
ASSETS
Property, plant, and 100,000 120,000 140,000
equipment
50,000 40,000 30,000
22,000 20,166.6 18,333.3
Less: Accumulated 14,333.3 14,333.3 14,333.3
depreciation
NET PROPERTY, PLANT, 157,667.7 165,833.3 173,999.9
AND EQUIPMENT
Pre-operating expenses 0 0 0
Less: Amortization of pre- 0 0 0
operating expenses
NET PRE-OPERATING 0 0 0
EXPENSES
TOTAL ASSETS 2,917,833 2,543,213. 4,391,635.4
.3 7
0 0 0
LIABILITIES AND
OWNER’S EQUITY
Accounts payable 0 0 0
Current portion of loans 0 0 0
payable
TOTAL CURRENT 0 0 0

3
6
 LIABILITIES
Long-term loans (net of 0 0 0
current portion)
TOTAL LIABILITIES 0 0 0
Owner’s equity 207,200 227,200 267,200
Retained earnings 0 0 0
TOTAL OWNER’S 207,200 227,200 267,200
EQUITY
TOTAL LIABILITIES & 207,200 227,200 267,200
OWNER’S EQUITY

a. By now you have all the figures at your fingertips. It’s time to decide. Do you think
the business you intend to pursue is viable? Should you proceed with your
plans? What is it going to be? (Provide a summary of the financial analysis here)

Now that I know everything how to check the business plan for my
business. In the near future, I plan to continue and start a business based
on what I did. From marketing plan to financial plan. Because of this you
will see all the small amounts whether you lose money or not.
And with the capital I set aside, I also see every year how it earns or grows
in the three years of operating my business.

10.5 Return of Investment

Profit x 100% 157,667.7 x 100% = 0.76%

3
7
Total Equity 207,200

Net Profit x 100% 4,391,635.4 x 100% = 1.043%

Owner’s Equity 207,200

XII-Annexes (Curriculum Vitae)

3
8
 CURRICULUM VITAE

Name & Surname: Bheberly Soriano

Permanent Home Address: 2809 Daisy St. Block 40 Barangay Addition Hills
Mandaluyong City
Temporary address: San Isidro Village Virac Catanduanes
Tel/Cellphone: 09287057420/09511625285

PERSONAL DATA
Nationality: Filipino
Sex: Female
Civil Status: Single
Date of Birth: October 12,1998
Place Of Birth: Sta. Ana Manila

2006-2010 Andres Bonifacio Integrated School

Primary Graduated
2010-2014
Secondary Graduated Andres Bonifacio Integrated School
College Attended
2015-2016 STI COLLEGE
First Year Completed
2017-2018 Gateways Institute Science & Technology
Hotel Restaurant Services
First Semester Completed
2020-2021 Catanduanes State University

Bachelor Of Science Entrepreneurship Management

On-Going Third Year

WORK EXPERIENCE
June-September 2016: MCDONALD’S Valero Makati
Position Service Crew/ Cashier
January-June 2017: CHERRY SUPERMARKET MANDALUYONG
Ads & Promo Sales Clerk

ADDITIONAL TRAINING
October-December 2016: JOBSTART PHILIPPINES PROGRAM TRAINING
A Qualified Scholar
Under Department of Labor and Employment
&Public Employment Service Office(PESOs)
3
9
December 2022: One Day Symposium “ Intensifying Ethical Standard to
Strengthen the Responsibility and Accountability
in the Workplace towards good Governance

4
0