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[image]. BUSINESS PLAN.

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[image]. ABM-12 HYACINTH: Franco Paul Harvey Yodico Prince Divina Karyll Margate Errein Mae Ralia Anngelie Velasco Cassandra Alwyn.

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[Audio] We interviewed Mr Espiridion and he emphasizes that success in business starts with a solid plan that outlines your goals, target market, and strategies, helping you stay focused and ready for challenges. Having enough money for capital is crucial, as it allows you to cover initial costs and keep your business running during early stages when profits may be low; without sufficient funds, you risk running out of resources. Being creative with marketing, especially on social media platforms like Facebook, can greatly boost your visibility and help you connect with customers. Additionally, paying attention to customer needs by checking your stock and listening to feedback will guide you in adjusting your offerings and prices. Finally, persistence and believing in yourself are key, as starting a business comes with challenges; staying confident and looking for solutions can lead to growth and success..

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[Audio] For the product, we planned to sell Homage Silver Necklace, it is a premium unisex necklace that perfectly combines style and functionality. The item is ideal for both men and women who support individuality in fashion because of its elegant, sophisticated style. This piece was made with excellent materials it will match your style whether you're looking for simple pieces for everyday..

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[Audio] the marketing strategies for the necklace. Our target audience is teens and young adults, both men and women aged 10 to 25. The brand focuses on sophistication and timeless elegance, with minimalist jewelry that enhances any outfit. We'll be leveraging social media platforms like Instagram, Facebook, and Pinterest to showcase high-quality visuals, run targeted ads, and build a community. Email marketing will help us engage through personalized promotions, while collaborations with fashion influencers will boost brand trust and awareness. We'll also run promotions like holiday deals, seasonal sales, and first-time customer discounts to attract new buyers..

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[Audio] We sourced the product online, Homura Design necklace is available exclusively online through Shopee. The store name is Homura Design..

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[Audio] This shows the computation of markup for our product. The cost price of the Silver Necklace is ₱1349.00. With a markup of ₱151.00, the final selling price becomes ₱1500.00. This results in a markup percentage of approximately 11.2%, which is calculated by dividing the markup by the cost price and multiplying by 100..

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[Audio] Our pricing strategy includes both markup and markdown periods to capitalize on consumer behavior. We apply a 15% markup near holidays and major local events, such as February and September shopping holidays or festivals like Manila fame. This takes advantage of the higher demand during peak shopping periods when customers are more willing to spend. Conversely, we implement a 10% markdown before key gift-giving occasions, such as Valentine's Day, Mother's Day, and Christmas, to encourage more purchases and attract new customers. This strategy balances increased spending during local festivals and boosts sales during seasonal gifting..

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[Audio] With a capital amounting to ₱103825.00. Here is an overview of our financial performance as reflected in the Profit and Loss Statement. Total Cost of Goods Sold (C-O-G-S-) amounts to ₱102500, calculated as ₱101175 plus ₱1325. This results in a Net Profit of ₱10000, derived from total revenue of ₱112500 minus the C-O-G-S..

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[Audio] The Break-Even Point is calculated to determine how many units need to be sold to cover both fixed and variable costs. In this case, we have Fixed Costs of ₱11325.00, a Selling Price of ₱1500.00, and a Variable Cost of ₱1349.00. This results in a Break-Even Point of 75 units. When we multiply the Break-Even units by the Selling Price, we get the Break-Even Point in Peso, which totals ₱112500.00..

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[Audio] Our storefront is strategically located at 1E 1st St, Asinan, Olongapo City. It's conveniently situated near Rona's Educational Supply and close to Columban College Inc., making it easily accessible for customers in the area..

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[Audio] And here is the monthly breakdown of loan payments for a ₱75000 loan with the given 7% interest annually and to be paid for 7 months. We have computed the monthly payment as indicated at the left side, a fixed payment of ₱10965.60 monthly for 7 months, which covers both interest and the loan principal. As you can see, the interest decreases over time while more of the payment goes toward reducing the loan balance. By the end of seven months, the loan is fully repaid, helping us manage our capital efficiently while maintaining profitability.