BUSINESS PLAN 1

“A lamp that will make your future brighter”

Bam Light
Owner/s: Troy Vincent Pongos
Jobert Mampusti
Kianu Iverson Aguilar
Mari Antonette Rancudo
Tristan Nicole Evangelista
Josh Miguel Bernardo
Company Address: Commonwealth, Quezon City
E-mail: bamlightbusiness@gmail.com
Contact No.: 09195923963

Bam Light
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TABLE OF CONTENTS
I – Introduction
Description of the Business …………………………
Location of the Business …………………………
Funding Requirement and Source …………………………
II – Executive Summary
Vision, Mission, Goals, and Objectives ………………………...
Wealth Improvement Approaches …………………………
Parties Supporting the Business …………………………
III – Environmental Analysis
SWOT Matrix Analysis ………………………...
PESTEL Analysis …………………………
IV – Business Description
Product Description …………………………
Equipment/ Materials Needed …………………………
Size of the Business ………………………...
Personnel Requirement …………………………
V – Organization Plan
Form and Nature of Business Organization ………………………...
Liability of the Owner/s …………………………
Organizational Structure …………………………
Role and Responsibility of the Owner/s …………………………
Proposed Salary …………………………
VI – Production Plan
Production Schedule …………………………
Production Process …………………………
Equipment Required …………………………
Sources of Raw Materials …………………………

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Estimated Production Cost ………………………

VII – Operation Plan
Evaluation of Suppliers ………………………
Purchase Procedures ………………………
Storage and Inventory Control ………………………
Sales Procedures ……………………...
VIII – Marketing Plan
Product ………………………
Place ………………………
Price ………………………
Promotion ………………………
People ………………………
Packaging ………………………
Positioning ………………………
IX – Financial Plan
Financial Statement …………………….
X – Appendix

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LIST OF TABLES AND FIGURES

I – TABLES

II - FIGURES

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I - INTRODUCTION

This section of the business plan presents the description of the business, its
location, and the total funding requirements and the possible funding source.

DESCRIPTION OF THE BUSINESS

Bam Light business produces a lamp made of bamboo, bulb, colored paper, wire,
plug and ribbon. The customers can change the color of the paper depending on their
preferences. This lamp is affordable and can be used at night to save electricity. It can be
substituted to the bulb used at home.

LOCATION OF THE BUSINESS

The location of the business is near Commonwealth Market, Quezon City.

FUNDING REQUIREMENT AND SOURCE OF FUNDS

The business operation cost ₱100,000.00 which came from the savings of owners
and members.

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II – EXECUTIVE SUMMARY

This section presents the VMGO, wealth improvement approaches, and the parties
supporting the business.

VISION
A lamp that will make your future brighter
MISSION
To produce and develop Bam Light to help people in need

GOALS
The goals of the business are to increase profit margin, improve employee skills,
increase efficiency and provide better customer service.

OBJECTIVES
Reduce operating costs
Increase sales volume
Increase market share
Reduce the call-back time of customer inquiries and questions

WEALTH IMPROVEMENT APPROACHES

The approach that the business will use in wealth improvement is to increase or
maximize the productivity of the employees and to develop the product to become better.

PARTIES SUPPORTING THE BUSINESS

Consumer: Customers near Commonwealth Market
Supplier: Stores near Commonwealth Market
Creditor/Investor: The Owners and Members of the business
Employees: Also, the Owners and Members of the business

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III – ENVIRONMENTAL ANALYSIS

This section presents the evaluation of the business environment through SWOT
Matrix Analysis and PESTEL.

Table 3.1SWOT MATRIX ANALYSIS

Strengths & Weaknesses Strengths Weaknesses
1. Superior to social 1. Many competitors to our
strategy product
Opportunities & Threats 2. Interesting style of our 2. Raw material limitation
product 3. Unclear unique of selling
3. Lower employment cost proposition
Opportunities 1. Consumer will be 1. Another consumer will
1. Increasing number of necessary buy of our be dislike of our product if
working for uneducated product because it might happened the item have
people be a unique and good been issued
2. Growing interest in quality 2. the other workers can't
lifestyle 2. The workers may help help their own abilities if
3. Possibility to diversity their own abilities to make they getting an idea to the
into new market and a unique product competitors
products 3. the consumer will 3. The product will be
sustain their life style for useless if the consumer is
their furniture product convinced for the
advanced light technology
Threats 1. The consumer who like 1. The consumer who like
1. Difficulty convincing to a modern style will be an advantage technology
consumer to spend on supporting to our product cannot be supporting to
quality in home 2. Our advantage for our product
2. Direct competition from competitors is the quality 2. Our disadvantage for
the others who sale a lamp 3. The salary of employee competitors is the
3. Cost of employee will be increase if the sabotage of our product it
benefits which contributes product is popular may have been issued
to increased product prices 3. The salary of employee
will be decrease if the
product is lack of stack.

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Table 3.1 PESTEL ANALYSIS

Political Economic Social Technological Legal Environmental

Forces Forces Forces Forces Forces Forces

-Government -Economic Attitudes and -Technology -Law -Weather

Policy Trends beliefs about and regarding -Climate
-Political -Growth range of factors communications consumer Change
Instability Rates including: infrastructure protection -Environmental
-Tax Policy -Industry -Health -Consumer -Labor Regulations
Growth -Work access to -Health -Pollution laws
-Seasonal -Leisure technology -Safety and target
Factors -Money -Emerging
Technologies
-Automation

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IV – BUSINESS DESCRIPTION

This section describes the product to produce, equipment/materials needed, size

of the business, and the personnel requirement.

PRODUCT TO PRODUCE
The product to be produced is a lamp made of bamboo, bulb, colored paper, wire,
plug and ribbon.

EQUIPMENT/MATERIALS NEEDED
Screwdriver
Pliers
Saw
Electric Drill
Sand paper
Bamboo
Bulb
Colored Paper
Wire
Plug
Ribbon

SIZE OF THE BUSINESS

The size of the business is a small type of business and the asset cost is
₱100,000.00. The employees needed are CEO, Managers, Sales Officers and Workers.

PERSONNEL REQUIREMENT
CEO
Managers
Sales Officers
Workers

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V – ORGANIZATION PLAN

This section describes the form and nature of the business organization, the liability
of the owner/s, the organizational structure, the role and responsibilities of the owner/s,
and proposed salary.

FORM AND NATURE OF BUSINESS ORGANIZATION

The form of business ownership of Bam Light is General Partnership where it is a
business arrangement by which two or more individuals agree to share in all assets,
profits and financial and legal liabilities of a jointly-owned business structure. The nature
of the business organization is manufacturing

LIABILITY OF THE OWNER/S

The liability of the owners is the payment of loan & other funds used in starting the
business.

ORGANIZATIONAL STRUCTURE

CEO

Managers

Sales
Officers

Workers

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ROLE AND RESPONSIBILITIES OF THE OWNER/S

POSITION ROLE AND RESPONSIBILITY

1. CEO Leading the business
2. Managers Managing the business and finance
3. Sales Officers Representing the sales
4. Workers Product developing and improvement

PROPOSED SALARY

POSITION SALARY/month BENEFITS

1. CEO ₱5,000.00 Pag-IBIG, SSS, Philhealth
2. Managers ₱5,000.00 Pag-IBIG, SSS, Philhealth
3. Sales Officers ₱5,000.00 Pag-IBIG, SSS, Philhealth
4. Workers ₱5,000.00 Pag-IBIG, SSS, Philhealth
Total salary/month: ₱20,000.00 Pag-IBIG, SSS, Philhealth

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VI – PRODUCTION PLAN

This section presents the production schedule, production process, equipment

required, sources pf raw materials, and estimated production cost.

PRODUCTION SCHEDULE

Estimated Production cost/product Estimated Production cost/schedule

Cost of raw materials:
1. Bamboo =₱50.00 3 employees X 4 pcs = 12 pcs/day
2. Bulb =₱45.00
3. Colored Paper =₱1.00
4. Wire =₱10.00 6 days/week
5. Plug =₱15.00 12 pcs X 6 days = 72 pcs/week
6. Ribbon =₱1.00
7. Packaging =₱10.00
8. Others =₱3.00 4 weeks/month
Total cost/product: ₱135.00 72 pcs X 4 weeks = 288 pcs/month

12 months/year
288 pcs X 12 months = 3,456 pcs/year

PRODUCTION PROCESS
Step 1 – Prepared a style for the bamboo.
Step 2 – Made a hole for the bulb socket and hole for the wire and plug.
Step 3 – Installed the socket and the bulb in the bamboo
Step 4 – Placed colored paper and the ribbon
Step 5 – Packaged the product

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EQUIPMENT REQUIRED
Screwdriver
Pliers
Saw
Electric Drill

SOURCES OF RAW MATERIALS

The sources of raw materials will be purchased from different stores in
Commonwealth Quezon City

ESTIMATED PRODUCTION COST

Cost of raw materials:
1. Bamboo =₱50.00
2. Bulb =₱45.00
3. Colored Paper =₱1.00
4. Wire =₱10.00
5. Plug =₱15.00
6. Ribbon =₱1.00
7. Packaging =₱10.00
8. Others =₱3.00
Total cost/product: ₱135.00

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VII – OPERATION PLAN

This section presents the evaluation of suppliers, purchase procedure, storage

and inventory control, and sales procedure.

EVALUATION OF SUPPLIERS
Vendor Name:
Date:
Address:
Buyer:
Purchasing
Criteria YES NO Comments
Provides cost-saving alternatives
Offers competitive pricing
Backorders are held to a minimum
Supplies current catalogs
Provides prompt and accurate technical assistance
Knowledgeable about product line
Provides status of orders
Apprises system of any potential delays or problems
Promptly replaces any rejected items
Is courteous and helpful
Interested in maintaining account and relationship
Provides quality products
Addresses complaints within a reasonable time
Maintains up-to-date inventory and snacks
Provides notice of any special offers or promotions
Receiving
Criteria YES NO Comments
Delivers goods and/or services on time
Consistently delivers product in good condition
Packages products to restrict damage in transit
Contents are readily identified
Provides accurate delivery receipts
Provides courteous service
Packs shipment list with delivery
Provides proper credit for items not
received/rejected
Ensures quantity delivered matches quantity
ordered
Strives to provide cost savings

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PURCHASE PROCEDURES
The first step is to determine purchase budget and receiving purchase requisition.
The next is to determine the sources of supply and placing the order. And last is to receive
and inspect the materials.

STORAGE AND INVENTORY CONTROL

The storage and inventory control include the activities related to holding material
and the processes of counting and transacting the material as it moved through.

SALES PROCEDURES
The first step is prospecting then preparation, approach, presentation, handling
objections and closing & follow up.

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VIII – MARKETING PLAN

This section contains the following factors of the marketing mix: product, place,
price, promotion, people, packaging, and positioning.

PRODUCT
The product of our business is Bam Light, it is made of bamboo.

PLACE
The product should be available in supermarkets, at boutiques, or online.

PRICE
One-month free trial is industry standard. Target audience expects to buy similar
products per month.

PROMOTION
The product should be promoted to the appropriate audience via appropriate
channels, using advertising methods which resonate with that audience

PEOPLE
This is perhaps especially true of customer-facing staff, whose communication and
behavior will greatly impact the audience’s perception of the brand

PACKAGING
The product was packaged in a small box with logo and business name.

POSITIONING
The position of the product Bam Light is a newly introduced lamp made of bamboo
and bulb.

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IX – FINANCIAL PLAN

This section presents the following different projected financial statements of the
proposed business.

FINANCIAL STATEMENT

Cost of equipment and/ facilities:

1. Screwdriver =₱130.00
2. Pliers =₱200.00
3. Saw =₱324.00
4. Electric Drill =₱1,800.00
5. Sand Paper =₱80.00
Total: ₱2,534.00

Total Cost of production/

Month =₱38,880.00
Total Proposed Salary/
Month =₱20,000.00
Total Mandatory Benefits/
Month =₱8,000.00
Total Marketing Expenses/
Month =₱5,000.00
Others (utilities, bills, etc.) =₱1,000.00
Total expenses: ₱75,414.00

Total Sales:

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Mark up =20%
Production cost + Mark-up amount = selling price
₱135.00 + ₱27.00 = ₱162.00
PC x 288 pcs = ₱46,656.00 /month
PC x 3456 pcs = ₱559,872.00/year

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X – APPENDICES

A. BUSINESS PLAN ASSESSMENT RUBRICS

B. CRITERIA FOR THE FINISHED PRODUCT
C. PACKAGING LAYOUT
D. FINISHED PRODUCT
E. LEGAL REQUIREMENTS
F. DOCUMENTATION

Bam Light