Group 5 Business Plan
Group 5 Business Plan
ENTREPRENEURSHIP
2024-2025
GROUP 5
BUSINESS PLAN
NAMES:
CHRISTIAN JAMES L. ALVARADO
APRIEL GRACE B. LANGGA
KLINT MARGATE
PRENCESS CONVICTO
ANGEL C. PANAY
JANE CORTES
MARILOU PALOMA
___________________________________________________________________
The purpose of this business plan is to provide an overview of our Sip ‘n Yum
Business goals and objectives. Our mission is to offer a convenient way of
enjoying food and drink.
2 .EXECUTIVE SUMMARY
We are going to sell a combo of food and drink in one cup. The name of
the product is Sip ‘n Yum. Our goal is to offer a handy way of indulging in
delicious street food and refreshing drink.
The market analysis highlights great potential for growth in our product Sip
‘n Yum, with more people preferring easier and more convenient ways to enjoy
their food. To promote the brand, we’ll focus on social media advertising
campaigns. With an experienced management team and promising financial
projections showing steady growth, we’re confident in the business’s success.
The funding needed will go toward startup costs and daily operations. Our
approach is to offer lower prices than competitors to break into the market,
and instead of increasing prices, we’ll make slight adjustments to the quantity
if needed.
4. BUSINESS DESCRIPTION
The business we’re planning to run focuses on a food item that’s been
popular for a long time. Our goal is to attract customers looking for convenient
snacks they can enjoy anytime. To make it easier for them, we’ll set up a stall
where they can quickly grab what they need. Since our target market includes
the students and faculty of Sigaboy Agricultural Vocational High School, this
setup ensures accessibility and convenience.
3
Our business consists of seven members: Christian James L. Alvarado,
Apriel Grace B. Langga, Prencess Convicto, Klint Margate, Angel C. Panay,
Jane Cortes, Marilou Paloma. And we are committed to providing superb
product and service to consumers.
Vision
To be the leading choice for convenient, high-quality snacks and
beverages, bringing satisfaction and ease to every customer’s busy
lifestyle.
Mission
6. MARKETING PLAN
Our group will be using online platform and personal selling in running our
product. Increasing online sales is the most critical goal for most businesses
thanks to the expansion of online selling platforms and opportunities.
Personal Selling strategies involve meeting with the customer for a face to
face interaction that serves to inform and persuade them into making a
purchase. By directly meeting with the customer, the salesperson confirms the
product’s benefits by emphasizing details like price, characteristics or current
market demand.
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7. OPERATION PLAN
Operation plan is a highly detailed plan that provides a clear picture of
how a team, section or department will contribute to the achievement of the
organization’s goals. The operation plan maps out the day tasks required to
run a business and cover.
Promote at social media Social Media is more Post Three days Jane Cortez,
- Facebook popular with all ages before the process Marilou Paloma
- Instagram including old and of the product for
young. Advertise and Facebook and
promote sales items to Instagram.
social media contacts.
Personal Selling Personal Selling Direct Selling and Apriel Grace Langga,
involve meeting with bring the product Angel Panay, Christian
the customer face to anywhere. James Alvarado
face interaction that
serves to inform and
persuade them into
making a purpose.
Feedback Customer Feedback from After customer Klint Margate, Prencess
customer is very receive and Convicto
important because we taste our
can hear their voice product.
and concerned
towards to our product.
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8. FINANCIAL PROJECTIONS
SIP ‘N YUM
INCOME STATEMENT
For the month of December 4, 2024
Fries Income 1,050
Less: Operating Expense
Coconut Oil 70
22oz Cup 150
Seasoning: Cheese, Ketchup 50
Potato 200
Drinks: lemonade, pineapple 50
Total Expense 520
Net Sales 530
SIP ‘N YUM
Balance Statement
As month of December 4, 2024
Asset
Cash 500
Account Receivable 1,050
Liabilities
Account Payable 0
1550 600
600
7
SIP ‘N YUM
Cash Flow Statement
As month of December 4, 2024
Capital 600
Expenses 520
80
9. CONCLUSION
Finally, we from Sip ‘N Yum company will ensure that our company achieve our
company’s vision and mission, namely:
Vision
Aim to make Sip ‘N Yum a leading brand in the snacks and drinks combo
selling industry in Sigaboy Agricultural Vocational High School and to
be the top choice of the customer regardless of age and race.
Mission
ORGANIZATIONAL CHART
FOUNDER
CHRISTIAN JAMES ALVARADO
CHEIF COOK
MARKETING MANAGER
MARILOU PALOMA
APRIEL GRACE LANGGA
FINANCIAL MANAGER
PRENCESS CONVCITO
COOK ASSISTANT
ANGEL PANAY
FOUNDER
CHRISTIAN JAMES ALVARADO
CHEIF COOK
MARILOU PALOMA
FINANCIAL
MANAGER COOK ASSISTANT
MARKETING MANAGER
PRENCESS ANGEL PANAY
APRIEL GRACE LANGGA CONVCITO
SENIOR SALES
ASSISTANT
KLINT MARGATE