Você está na página 1de 35

Antique National School

Accountancy, Business and Management


T.A Fornier St., San Jose, Antique

CHAPTER I

Background of the Business

A. History of the Business

The fashion industry was created to design, market, manufacture, and sell clothes,

footwear, and accessories.

The clothing style and fashion sense of the Filipinos in the modern-day era has

been influenced by their native ancestors, their Spanish, American and Japanese

colonizers, as evidenced by the chronology of events that occurred in Philippine

history. At present, Filipinos conform their way of dressing, in addition to the above

factors, as a result of the influence of what is shown by the media, on television,

cinema, and fashion shows, among others.

During the archaic epoch, before the colonizers from Europe discovered the islands,

different tribes and kingdoms wore their respective clothing. Prior to the Spanish era, the

Tagalogs of Luzon wore a garment that was a forerunner of the Barong Tagalog and Saya.

The Visayans wore clothes similar to that Indonesian and Malaysian. They

1
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

`wore a robe called Marlota and Baquero. And also, the Islamics kingdom of Mindanao

especially the Maranao people have a fashion of a female which is a tubeskirt called

malong, lihin-lihin and ankle-length robes.

Due to the development of social media, many Filipino women and men were

exposed to different styles. Also, due to the rising economy of the country for the first time

since People Power Revolution as well as constant building of shopping malls and shopping

centers, many Filipinos began buying new style of clothes like skinny jeans, skater skirts,

denim pants and sexy shirts and dresses.

A. Vision, Mission and Objectives

Vision

Remodele envisions to become the number one clothing brand in Antique

Mission

To provide good, satisfying and affordable quality recycled/remodeled clothes to

customers.

Objectives

To give customers an easy access in choosing among the available items

regardless of their schedule.

To earn not just only for profit but also earning the trust and building good

relationship to customers.

2
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

CHAPTER II

Marketing Plan

A. Description of Products and Services

Nowadays, many people are following what are the latest fashion trends especially

women, they are obsessed with fashion and willing to spend lots of money just to be look

updated and cool.

People often think that their old clothes are just garbage. Remodele can change the

perception of the people by giving them a product that can make them feel comfortable

when they wear it. Also, they can make old garments still wearable.

The proposed products of this business are Remodeled Clothes. By recycling old

clothes, it will help landfills clean and lessen the garbage in the environment. The products

are made from old clothes and dye it or either make it crop tops, off shoulder, ripped

jeans. The old garments should be carefully ripped and washed thoroughly before

remodeling it. This product requires a lot of time and effort to provide customer a better

product.

3
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

B. Target Market

Remodele demographic segment are 13-20 years old, both

Male and female, students of Antique National School with monthly income/allowance of

1000-4500 pesos. Our target customer spends time at following online fashion trends. The

style that they like are crop tops, ripped jeans, hanging shirt, cut out clothes and dress. They

bought this at local, ukay-ukay and online.

Table 1: Target Market

Market Population Target Market

Primary 5719 772

Total 5719 772

B. Market Situation

1. Demand

Students of Antique National School have the habit of following the current fashion

trend. To some, they have the difficulty to keep up because they lack money. So they prefer

cheaper clothes but of good quality. They contribute to the growing demand of low priced

4
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

clothing. Based on the survey conducted among 200 respondents in Antique National

School, the following reputations surfaced.

In terms of clothing preference, data revealed that 36.5% prefer to buy branded

clothes 50% prefer to buy local brands and 13.5% preferred remodeled clothes. As regards

to the style of clothing they buy, 77% likes to buy T-shirts, 15.5 % prefers dresses, and

7.5% choose crop tops and off-shoulders. The shops where the 200 respondents buy their

clothes, 73.5% choose local stores, 12.5% in online shops and 14% of them answered

Ukay-Ukays. Their reasons for buying in stated shops is the amount of money they spend

and the time they spend on buying clothes, more than half spend only 30 mins-1 hour in

choosing what to buy and 46% spend only around 100-300 pesos only. When asked if they

are willing to patronize the new brand of remodeled clothes (RV Line), 13.5% agreed.

Table 2. Demand Share

Market Population Target Market Demand Share

Primary 5719 772 104

Total 5719 772 104

5
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

2. Supply

There are many business establishments that offer variety of clothes in San Jose,

Antique. This includes malls, boutiques, small shops, online shops and made-to-order

shops. Based on the conducted survey among owners, they put up their businesses to cater

the needs of their target market to sustain their daily needs and to support their family as

well as to apply their entrepreneurial skills.

Most of the owners of the businesses said that they use a simple way of pricing

which they can get a profit and they usually mark up their prices.

The businesses encounter many problems such as lack of stocks, less number of

customers, misunderstanding between the employees and the customers, shortages of

money due to negligence of giving of change, payment of debts and financial problem for

their capital.

When they were asked about their future plans for the business, most of them

answered that they are planning to expand their business in San Jose.

3. Demand and Supply Analysis

The demand of 104 in Antique National School students in San Jose, Antique who

are expected at the average of 100 per person for clothing budget 10,400 demand. . Even

if our annual sales are too low, we can take the advantage of that. We dont have any direct

competitors here in Antique.

6
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

4. Sales Forecast

The proposed business intends to capture a percentage of potential buyers. The

proponent will target a demand share of 104 who will buy the products with an average

sale of P 100 per person per month and the total annual sales of P 10,400.

However, for selling or distributing the products, the business will post available

products online.

The table is shown below:

Table 4. Projected Sales

Market Demand Share Average Annual Sales


Sales/Person

Primary 104 100 P 10,400

Total 104 100 P 10,400

7
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

CHAPTER 3

Manufacturing/Operating plan

A. Business/store location

The proposed business will be located inside the campus of Antique National

School at T.A Fornier St., San Jose Antique and can also be accessed online through

Facebook page named Remodeled clothes. The place to be used as manufacturing area has

a signed contract of the place owned by Rowena F. Tai and will pay a rental fee of 300 per

month inclusive of electricity for a period of 3 years.

B. Process Description

In designing clothes, pants and shirts, the group will prepare the list of all materials

needed in cutting out or designing and dying. The members of the group will be in charge

in purchasing materials.

Cutting out/ designing

Place all the materials including clothes

Come up with different styles/design ss

Place the clothes properly


8
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

Start in cutting/designing

Clean

Hang

Dying

Place all materials

Put warm water in basin

Put dye powder and mixed

Then put the clothes (leave it for 30 min.)

After 30 min. remove the clothes and dry it

Hang

The materials of proposed product will be clothes, scissors, needle, thread, blade

and dye powder. The clothes will be purchased in Ukay-Ukay at the Business Park, while

the dye powder, needle, thread, buttons and blade will be purchased in Perfect Style.

Selling

Each clothes will be posted online at the Facebook page by identifying before

cutting/designing and after it. The price depends on the style and quality of the clothes.

9
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

The group will also sell the products to the students and also to the faculty and staff

of Antique National School.

C. Process Flow

Purchasing materials Placing materials

Preparing materials Put warm water in basin

Placing clothes Put dye powder and mixed

Cutting/designing Put the clothes

Clean Put dye powder and mixed

Pack/ hang
Removed after 30min.

10

Hang
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

Properties, Facilities and Equipment

Manufacturing of clothes will be done at the house of one member of the group.

Table 5. Facilities and equipment

Facilities and Quantity Unit Total Est. Suppliers Suppliers Address


Equipment Cost Cost Useful Name
Life
(Yrs.)

Stainless 3 Pcs. 35 105 3 Perfect San Jose, Antique


Scissor Style

Stainless 2 Pcs. 75 150 3 Unitop San Jose, Antique


Basin Antique

Hanger 2 sets 100 200 2 Unitop San Jose, Antique


Antique
Calculator
1 Pc. 100 45 3 J And F San Jose, Antique
Total P 555

Table 6. Cleaning tools

Supplies Quantity Unit Total Cost Suppliers Suppliers


Cost Name Address
Small Towel 3 Unitop San Jose, Antique
25 75 Antique
Unitop San Jose Antique
Waste Can 1 60 60 Antique
60 60 Unitop San Jose Antique
Broom Stick 1 Antique
Total P195

11
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

Table 7. Manufacturing Supplies


Suppliers Suppliers
Supplies quantity Unit cost Total cost
name address
Rubber Unitop San Jose,
1 box 35 70
Bands Antique Antique
Unitop San Jose,
Beads 5 packs 10 50
Antique Antique
Unitop San Jose,
Needle 1 pack 35 35
Antique Antique
Unitop San Jose,
Thread 1 pack 20 20
Antique Antique
Dyeing Unitop San Jose,
20 pcs. 15 300
Powder Antique Antique
Unitop San Jose,
Glue Stick 1 dozen 3 36
Antique Antique
Total P511

Table 8. Office supplies

Supplies Quantity Unit Cost Total Cost Suppliers Suppliers


Name Address
Unitop San Jose,
Paper 1 Pad 18 18 Antique Antique
14 Unitop San Jose,
Pencil 2pcs 7 Antique Antique
20 Unitop San Jose,
Ball Pen 2 Pcs. 10 Antique Antique
Unitop San Jose,
Log Book 1 120 120 Antique Antique
Unitop San Jose,
Folder 2 6 12 Antique Antique
Permanent Unitop San Jose,
Marker 2 38 76 Antique Antique
Total P 291

12
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

F. Waste Disposal

A clean workplace also ensures the safety and health of employees and visitors.

To have a clean and safe surrounding, the proposed business will provide garbage bin. The

small pieces of cloth will be put in non-biodegradable and the other waste like threads and

plastics will be place in biodegradable and be thrown at the compost pit.

G. Production Schedule

The members will only produce the clothes need in remodeling every Sunday of

the week. During Saturday morning 5 members of the group will purchase the materials

needed in cut out. The same task will be done every Sunday. In cutting cut clothes or

designing all members will help in order to lessen and make work fast.

Days Morning Afternoon Persons

Saturday Purchase of Cutting out clothes All members of

materials or designing the group

Sunday Cutting out clothes All members of

or designing the group

13
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

1. Materials

Materials are the most needed in producing any kind of product.

The following materials are needed in cutting out or designing.

Materials Units Unit cost

scissors 3 150

Bids 5 packs 20

Thread 3 10

Needle 10 2

Dye powder 5 15

Basin 2 100

Total P 297

1. Labor and source

Unity and proper management is one of attaining goals of the business. The

success of the business depend on the performance of the group members. The manager

is the one who guides and manage the business. Each has its own duties and

responsibilities in order to help and support one another.

14
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

Table 9. Labor and Source

Position No. of person Name Address

General manager 1 Mary Queen San Fernando, San


Evelyn Tai Jose, Antique

Ass. manager 1 Diadem Mojon, San Jose,


Saligumba Antique
Cashier 1 Krizzia Divine Comon, San
Zapanza Jose,Antique
Designer/maker 8 Raia joy Caridad, hamtic,
Yanguas Antique

Mary Queen San fernado, San


Evelyn Tai Jose, Antique

Krizzia Divine Comon, San Jose,


Zapanza Antique

Diadem Mojon, San Jose,


Saligumba Antique

Angel Cristine Sibalom, Antique


Cabrejas

Cristal dale San Fernando, San


Ardiente Jose, Antique

Sheila Mae Madrangca, San


Erena Jose,Antique

Edelyn Joyce Pantalan, San


Layog Jose,Antique

15
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

Seller 8 Raia joy Caridad, hamtic,


Yanguas Antique

Mary Queen San Fernando, San


Evelyn Tai Jose, Antique

Krizzia Divine Comon, San Jose,


Zapanza Antique

Diadem Mojon, San Jose,


Saligumba Antique

Angel Cristine Sibalom, Antique


Cabrejas

Cristal Dale San Fernando, San


Ardiente Jose, Antique

Sheila Mae Madrangca, San


Erena Jose,Antique

Edelyn Joyce Pantalan, San


Layog Jose,Antique

2. Profit sharing

Many business enterprises aim for the success of their operation. Having a good

quality is one of the factors to be considered. Giving incentives and other benefits are also

considered in order to motivate employees to do their job properly.

16
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

B. Cost of Production

Particulars Quantity Unit Unit cost Total cost

thread 10 5 10 50

Bids 10 packs 10 packs 20 200

Dye powder 5 5 15 75

Needle 2 sets 2 sets 20 40

Basin 2 pcs. 2 pcs. 100 200

17
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

CHAPTER 4

Organizational plan

A. Form Organization

The business will be a partnership type of the business with the co-members helping

and doing the responsibilities necessary for the smooth operation of the business.

The table below shows the different business permit that the business will be having.

Table 1. Licenses, Permit and Registration

Types of business permit Fees

Barangay Business Permit P 100

Barangay Clearance P 30

Sanitary Permit P 100

Health Certificate P 50

Fire Safety Inspection P 115

Mayors Permit P 150

Total: P 545

18
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

The organizational chart:

GENERAL MANAGER

ASSISTANT MANAGER

CASHIER SECRETARY/BOOKKEEPER

MAKER

SELLER

19
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

B. Functions and Responsibilities of Manpower

All members are responsibilities in purchasing materials as well as in making the

product. However, each partner has also distinct functions for efficient flow of operation.

General Manager

Has the authority to handle and supervise its co-members

Responsible for planning, directing and overseeing the operation and

fiscal health of a business unit

In charge in monitoring daily sales

Help in selling the products

Assistant Manager

Take charge if general manager is not around

Working side-by-side with the general manager has a great leadership

skill, ability to multitask and willingness to work with employees

Help in selling the product

Cashier

Receive payment by cash

Count money in cash drawers at the beginning of shifts to ensure that

amounts are correct and that there is adequate change

Establish or identify the price of goods using calculator

Help in selling the products

20
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

Maker

Has a good hand-eye coordination and a strong attention for detail

Good practical design and sewing skills

An interest in fashion and the ability o visualize a design

In charge in listing the raw materials needed in the product

Responsible in designing the product

Help in selling the product

Secretary/ bookkeeper

In charge of the records of all transactions

Listing the finish product

Prepare the financial statements of the business

Help in selling the product

Seller

Goods should be presented with clear information

Offer products with valid warranties and guarantees

Selling the product

21
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

C. Qualification of Manpower

POSITION NO. OF PERSONNEL QUALIFICATION

General manager 1 Well educated


and poses strong
leadership and
organizational
skills.
Great
communication
Has power and
authority to
control and
supervise its co-
members
Customer service
oriented
Hardworking and
responsible
With pleasing
personalities
Has the ability to
manage the
finances of the
business

22
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

Well educated
Assistant Manager 1 and possess
strong leadership
and
organizational
skills
Great
communicator
With pleasing
personality
Highly skilled in
providing a
timely, efficient
and considerate
customer service
Excellent written
and verbal
communication

Maker 8 Strong practical


skills
Has a keen eye
for detail
Has a tactful
approach with
customer
Good customer
and business skill
Creative in
designing the
products

23
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

Basic math skills


Cashier 1 Honest
With pleasing
personality
Highly skilled in
providing a
timely, efficient
and considerate
customer service
Excellent written
and verbal
communication

24
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

CHAPTER V

FINANCIAL PLAN

A. Basic financial assumption

1. Projection will be for the next three years

2. Projected sales are to be increased by 2% annually starting on the second year.

3. Cost of sales is 35% of sales.

4. Promotion and advertising, store and office supplies, cleaning tools, permits

and licenses and salaries and wages will remain the same.

5. Utilities will increase 3% annually starting on the second year.

6. Purchases will increase by 4% annually.

B. Total Projected Cost and Source of Financing

Total Projected Cost

Pre-operating Expense (Note 7) 845

Fixed investment (Note 4) 690

Working Capital (Note 9) 271

Total 1,806

Sources of Financing

Equity Contribution (100%) 1,806

Total 1,806

25
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

C. Projected Financial Statement

Projected Income Statements

Year 1 Year 2 Year 3

Sales (Note 1) 10,400 10,608 10,812

Les: Cost of Sales (Note 2) 1,890 2,187 2,244

Gross Profit on Sales 8,510 8,412 8,568

Less: Operating Expense 6,156 6,156 6,156

Net Income 2,354 1,986 2,412

Note 1: Projected Sales

Annual

Sales Year 1 Year 2 Year 3

Sales 10,400 10,608 10,820

Total Annual Sales 10,400 10,608 10,820

26
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

Note 2. Cost of Goods Sold

Year 1 Year 2 Year 3

Purchases 1,415 1,472 1,529

Add: Inventory Beginning 250 260

Total 1,415 1,722 1,789

Less: Inventory End 250 260 270

Total: 1,165 1,462 1,519

Add: Direct Labor 725 725 725

Cost of Goods Sold 1,890 2,187 2,244

Note 3. Operating Expense

Year 1 Year 2 Year 3

Rent Expense 100 100 100

Promotion 100 100 100

Utility Expense 200 206 212

Cleaning Tools (Note 6) 195 195 195

Office Supplies (Note 5) 154 154 154

Manufacturing Expense (Note 11) 511 511 511

Depreciation 171 171 171

Total: 1,431 1,431 1,431

Salaries 4,725 4,725 4,725

Total: 6,156 6,156 6,156

27
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

Note 4: Facilities and Equipment

Direct Total Cost Estimated Depreciation

Stainless Basin 150 3 50

Hanger 200 2 50

Indirect:

Stainless Scissors 105 3 21

Calculator 100 2 50

Total: 555 171

Note 5. Office Supplies

Year 1 Year 2 Year 3

Paper 18 18 18

Pencil 14 14 14

Ballpen 20 20 20

Logbook 75 75 75

Folder 12 12 12

Marker 15 15 15

Total 154 154 154

28
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

Note 6. Cleaning Tools

Year 1 Year 2 Year 3

Small Towel 75 75 75

Waste Can 60 60 60

Broom Stick 60 60 60

Total 195 195 195

Note 7. Pre-Operating Expense

Transportation 120

Business Plan 150

Total 270

Note 8. Working Capital

Year 1

Purchases 2,877

Operating Expenses (note 3) 6,156

Total 9,033

Less: Depreciation (Note 4) 171

Total 8,862

Working Capital for 1 month 8,862

29
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

Note 9. Factory Overhead

Electricity and Water 200

Depreciation 1,168

Total 1,368

Note 10. Salaries

Indirect Labor

Manager 1,800

Asst. Manager 1,450

Cashier 750

Total 4,000

Direct Labor

Designer/Maker 725

Total 725

30
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

Note 11. Manufacturing Expense

Year 1 Year 2 Year 3

Rubber Bands 35 36 37

Needle 10 10 10

Thread 35 36 37

Dying Powder 20 21 22

Glue Stick 15 16 17

Total 115 119 123

31
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

Remodel Clothing Line

Balance Sheet

For the year ended, August 31, 2018

Assets

Current Assents

Cash 6,973 9,799 12,938 16,257

Investment 250 260 270

Total Current Assets 6,973 10,049 13,198 16,527

Non-Current Assets

Equiptment,Facilities and Tools 555 555 555 555

Acc. Depreciation 171 342 513

Total Non-Current Assets 555 726 897 1,068

Other Assets

Pre-operating Expense 120

Total Assets 7,648 10,775 14,095 17,595

Liabilities + Owners Equity

Partners Equity 7,648 7,648 7,648 7,648

Accumulated Earnings 3,127 6,447 9,947

Total Liabilities + Owners Equity 7,648 10,775 14,095 17,595

32
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

Remodel Clothing Line

Cash Flow

For the year ended, August 31, 2018

Year 1 Year 2 Year 3

Cash flow Operating Activities

Net Operating Income 3367 3320 3500

Depreciation 171 171 171

Pre-Operating Expense 120

December, Investment 250 10 10

Net Cash 2,826 3,139 3,319

Cash flow Investing Activities

Capital Expenditures 555

Pre-Operating Expense 120

Net Cash 675

Cash flow financing Activities

Equity Contribution 7,648

Net Cash flow 6,973 2,826 3,139 3,319

Cash Beginning Balance 6,973 9,799 12,938

Cash Ending Balance 6,973 9,799 12,938 16,257

33
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

CHAPTER VI

CONCLUSION AND RECOMMENDATION

Socio-Economic Plan

Fashion matters to everyone. We communicate our identity as a person depending

on our purchases; brands and trends. The society relies on the fashion industry to reflect

who they are and their culture.

Customer

-Their main concern is the quality, price and brand of the product and

services being offered; whether it can satisfy their needs needs and wants.

Owner

-The business main concern is to gain profit thats worth the cost and effort

in making the product.

Conclusion

The projected financial statements, show that there are customers willing to

purchase the remodeled clothes. With the abundance of old used garments that just stocked,

the entrepreneurs have decided to formulate a business plan that can utilize the said item.

The old clothes were recycled, redesigned and remodeled based on the latest fashion trends

34
Antique National School
Accountancy, Business and Management
T.A Fornier St., San Jose, Antique

and sold to the market. The purpose of this study is not only to introduce fashion but to

also know the importance of saving money by means of recycling.

Recommendations

The recommendations recognize the importance of recycling old clothes. The old

clothes with a little bit of effort and creativity, can become trendy again. These are the

proponents recommendation:

To develop new designs that can attract the customers.

Promote the products more and raise awareness to gain higher market share.

Create and maintain good relationship with customers.

The study must be implemented because the business provide affordable and good

quality products to customers and profitable business to owners.

35