MADRIDEJOS NATIONAL HIGH SCHOOL

Poblacion, Madridejos, Cebu

A Business Plan for Starting

BUKAYO DIPS
(Banana-Chocolate Dip Bukayo)

“Nagmahal. Nasaktan. Nagbukayo-dips.”

Submitted by:
COCONUT DIPPERS
Names of Researchers:
-Alob, Jester
-Tidoso, Jenny Mae
-Sinanggote, Elbert
-Laurente, Kenneth
-Chavez, Sheena
-Maspara, Mary Ann
-Daruca, Thom John
-Gigante, Rhea
-Otic, Jupher John
Submitted to:

JENALYN D. FORMENTERA
Entrepreneurship-Teacher

inTRODUCTION
I. GENERAL COMPANY DESCRIPTION
Our business will be involved in manufacturing of bukayo dips. A business that will give a new transformation
to our traditional “bukayo” that we used to.
II. VISION
Our vision is to be the number one supplier of bukayo dips in the entire Philippines.
II. MISSION
To produce a good quality product at an affordable price using the coconut as raw material for the costumer’s
satisfaction.
IV. OBJECTIVES
- To manufacture and create competitive price of product to increase the world access in quality of coconut
meats.
- To provide the costumers with the good quality products to the better interest of the costumers.
- To communicate costumers and assure a sustainable business relationship.
- To ensure a good work and clean environment to produce safe and good products.
V. TARGET MARKET
- Upper Class
- Middle Class
- Lower Middle Class
- Lower Class
- 4 years old and above, except those persons who are diabetic
VI. DISCUSS ABOUT THE PRODUCT
Bukayo Dips is inspired from the bukayo that we used to consume, but we added a new twist to it, which is
now coated with banana-chocolate, also an innovative one. Bukayo Dips does not only offer a palatable taste but it
also gives a lot of nutrients or benefits to the costumers. This product contains cocoa powder which rich in
magnesium, manganese and iron that is essential for our immune system. In addition, banana fruit is also one of its
ingredient which is also loaded with essential vitamins and minerals such as potassium and calcium. Then the main
ingredient which is the coconut meat is high in ascorbic acid, Vitamin B, and proteins that helps restore oxidative
tissue damage.
This product, Bukayo Dips, only wants to give the best result for the consumers or costumers.
VII. CORE COMPETENCIES
The core competencies on which or product will compete are:
 Taste
By consuming the delicious and nutritious Bukayo Dips, its flavor begins to fill on your mouth, such as
the coconut meat and banana-chocolate. Taste the chocolatey, healthier and sweeter coconut dips that you
haven’t experience before.
 Quality
The raw materials/ ingredients are fresh, clean and healthy. The coconut meat, banana and cocoa powder
are process rightly and safely to produce a good quality product that will satisfy the costumers/buyers.
CHAPTER 1: MANAGEMENT STUDY
I. FORM OF BUSINESS ORGANIZATION
SOLE PROPRIETORSHIP
The simplest form of business. It is an unincorporated business owned by one individual.
ADVANTAGES
- A sole proprietor has a complete control and decision making power over the business.
 - Complete control- a sole proprietorship has the decision making power over the business.
- The company does not pay business taxes.
- There are minimal legal costs involved in forming a sole proprietorship and fewer government filing fees.
DISADVANTAGES
- A sole proprietor of the business can be held personally liable for the debts and obligations of the business.
- All responsibilities and business decisions fall on the shoulders of the sole proprietorship.
II. INTERNAL ORGANIZATIONAL STRUCTURE

III. JOB QUALIFICATION

Manager- must be a college graduate or BSBA/CBA graduate.
- he/ she must be 20-30 years of age
- must know how to hold/ handle a business & must have a good leadership
Cashier- must be a college level of any commerce course
- must be 20-25 years of age
- must be an honest and loyal person
Saleslady- a high school graduate
- has an age of 18-22
- must be presentable or neat and approachable
- have knowledge of customer service and sales
Cook- a college level of any cookery-related course
- he/she must be 25-40 years old
- must know how to cook and has the experience of cooking different foods
Dishwasher- can be a high school level
- must be 18-25 years of age
- must know how to wash dishes and must not be careless

IV. JOB DESCRIPTION

Manager- a person who can manage the business
- must plan, or narrow goals from their broadest to most intricate form
- must organize and create a structure for daily tasks and communication
Cashier- responsible for money received and paid out; a person who receives and record payments.
- guiding and solving queries of costumer.
- make sales referrals, cross-sell products and introduce new ones
Saleslady- a woman who assists and informs her costumer about the product being sold.
- record her sales and communicate properly
- accommodates the need of the costumers
Cook- delight guest/ costumer by providing quality and timely prepared foods
- follows sanitation guidelines
- prepare and cook food items
Dishwasher- wash dishes, glassware, flatware etc.
- clean food preparation areas, facilities or equipment
- store supplies/ goods in kitchens or storage areas
V. SALARY SCHEME OF EMPLOYEE (PER MONTH)

VI. OWNERS
We, the Coconut Dippers, are capable of doing our business to be more productive and accessible. Serve the
costumers in the best way we can offer. We will also be responsible in giving them the satisfactory products. And
take any results for all the consequences of our business, Bukayo Dips.

CHAPTER 2: MARKETING STUDY

I. PRODUCT
Our product is Bukayo Dips, a sweetened coconut meat dipped in a chocolate-banana mixture. Its main
ingredients are coconut meat, banana and cocoa powder which are all rich in vitamins that will make our body
healthy.
II. PLACE
Our target market is in Poblacion, Madridejos, Cebu because it covers a wide range of population and specially
it has a large number of young people who certainly loves eating sweets. So, it will surely make our business
profitable.
III. PRICE
The price would be ₱5.00 each. The price of Bukayo Dip is affordable and can be afford by everyone in
different walks of life in the community, but offers a good quality product.
IV. PROMOTION
To entice customers to choose and buy our product is through distributing flyers, so they will be informed that
our product exists. Flyers will also be posted all over the municipality of Madridejos. This is one and a very good
way to attract customers.
 In first 20 customers buy 4 take 1
V. PEOPLE
Our customers will be the people of Poblacion or it can also be acquired by those people who are interested to
buy/ consume our product. But we actually assume that the students of Madridejos National High School will be our
main customer.
VI. PACKAGING

VII. POSITIONING
A. COMPETITION
We believe that we are the only one who is selling this kind of product, that’s why we have no competitor
yet.
B. ANNUAL DEMAND
The demand of our product is assured to be based on 5% of the entire population of Brgy. Poblacion which is
5142.
Daily Demand Monthly Sales Annual Supply
5142 x 5%= 257 pieces 7710 x ₱5.00 = ₱38 550.00 5142 x 5%= 257 pieces
(daily supply)
Daily Sales Annual Demand 257 x 30 days= 7710 pieces
257 x ₱5.00= ₱1285.00 7710 x 12 months= 92 520 (monthly supply)
pieces 7710 x 12= 92 520 pieces
Monthly Demand (annual supply)
6257 x 30= 7710 pieces
Our annual supply will depend on the annual projected demand.

Chapter 3: technical study

I. ingredients
The following are the ingredients used in preparing Bukayo Dips

- Coconut meat- the edible white meat of a coconut

- Banana- an elongated usually tapering tropical fruit with soft pulpy flesh enclosed in a soft usually yellow
rind
- Cocoa Powder- is made when chocolate liquor is pressed to remove three quarters of its cocoa powder
- Sugar- a sweet substance usually in the form of white or brown crystals or white powder that comes from
plants and is used to make foods sweeter
- Water- the clear liquid that has no color, taste, or smell

ii. machinery and equipment

- Frying Pan- is a flat-bottomed pan used for frying, steering and browning foods.
- Stove- is an enclosed space in which fuel is burned to provide heating, either to heat the space in which the
stove is situated
- Mixing bowl- used for mixing of ingredients
- Spoon- is a utensil consisting of a small shallow bowl oval or around at the end of a handle
- Knife- use to cut foods; a usually sharp blade attached to a handle that is used for cutting or as a weapon
- Food container - for preparation, storage, containment and serving products for the kitchen
- Coconut shredder- used to create both long fine shreds (the end with little holes) as well as wider coconut
curls (the loop end).
- Ladle- a large and deep spoon with a long handle that is used for serving
- Bolo knife- a long heavy single-edge knife of Philippine origin used to cut vegetarian etc.
iii. manufacturing process of the product
1. First, prepare all the ingredients (wet and dry).
2. Divide each coconut into two and shred the coconut meat until finish.
3. In a heated pan, put some water.
4. Add some sugar then stir.
5. Put the coconut meat and continue to stir.
6. When the coconut meat is ready, mold it into a desire shape then place it in the container to cool.
7. In a mixing bowl, melt the cocoa powder with water.
8. Add the crushed banana into it and mix thoroughly until the banana mixed well with the chocolate.
9. Since it is already done. Let us dip the bukayo on the banana-chocolate mixture.
10. Place the dipped bukayo in a tray and freeze it for about 2 hours.
11. Pack and design as your desire.
12. Ready to serve.

IV. REQUIREMENTS FOR OPERATION

- Business Permit- permits issued by government agencies that allow individuals or companies to conduct
business with in the government’s jurisdiction. It is the authorization to start a business issued the local
government.
- Sanitary Permit- is a certification in writing of the Municipal Health Officer issued to establishment complies
with the existing minimum sanitation requirements upon evaluation.
- Fire Protection Permit- is an annual inspection and permit fee required to occupy certain types of buildings that
have a higher degree of risk due to the type of activity.
- Electrical Permit- required for work that involves installing, relocating, repairing or maintaining any electrical
wiring or device designed for conducting, consuming or converting electrical current.
- Building Permit- is a permit required in most jurisdictions for new construction or adding onto pre-existing
structures, and in some cases for major renovations.
- Engineering Permit- permits for construction and miscellaneous uses of the public right-of-way.
- Police Permit- a permit that deals w/ safety and security of your business by making sure that rules and
regulations are being followed.
- Cedula- a community tax certificate (Filipino: sertipiko ng buwis pampamayanan) also known as a residence
certificate, is a legal to identify document in the Philippines.
 - Barangay Permit- one of the requirements for securing Mayor’s Permit. A permit that deals with the
participation and presence of the Barangay Captain of your barangay for the approval of your business without
any rejection.
- BIR Registration- is a basic requirement for a business. This will state the types of taxes you will pay, such as
business taxes, withholding taxes and income tax.
- Zoning Permit- document issued by a local (municipal) government or authority permitting a parcel of land to
be used for a prescribed purpose.

Chapter 4: taxation study

Taxation refers to a compulsory or coercive money collection by a levying authority, usually a government. A
means by which governments finance their expenditure by imposing charges on citizens or corporate entities.

Taxation is differentiated from other forms of payment, such as market exchanges, in that taxation does not
require consent and is not directly tied to any services rendered. The government compels taxation through an implicit
or explicit threat of force. Taxation is legally different than extortion or a protection racket because the imposing
institution is a government, not private sectors.

Tax systems have varied considerably across jurisdictions and time. In most, modern systems, taxation occurs
on both physical assets, such as property and specific events, such as sale transaction.

The most basic function of taxation is to fund government expenditures. Varying justifications and
explanations for taxes have been offered throughout history. Early taxes were used to support ruling classes, raise
armies and build defenses. The money raised from taxation also supports the government and allows it to maintain
roads or infrastructures, along with many other public services. Without taxpayer support, many of these programs
cannot exist or the government and most social services would not able to function.

Chapter 5: financial study

I. introduction
What is financial study?

Financial study/ analysis is the process of evaluating business projects budgets and other finance-related
entities to determine their performance and suitability. Typically, financial analysis is used to analyze whether an
entity is stable, solvent, liquid or profitable enough to warrant a monetary investment. When looking at a specific
company, a financial analyst conducts analysis by focusing on the income statement, balance sheet and cash flow
statement.

ii. capital requirement

A. Organizational Cost

a. Cedula - ₱75.00
b. Brgy. Permit - ₱50.00
c. Sanitary Permit - ₱100.00
d. Police Permit
- ₱150.00
e. Fire Protection Permit
f. Business Permit - ₱500.00
g. BIR - ₱75.00
h. DTI Registration - ₱500.00

- ₱25.00 Total: ₱1 475.00

B. Working Capital

a. coconut - ₱1 140.00
b. sugar - ₱400.00
c. water - ₱1 920.00
d. cocoa powder
- ₱200.00
e. banana

Total: ₱9 660.00
- ₱6 000.00
C. Rentals (Bldg./Space) - ₱3 000.00

D. Salary/ Wages

a. cook - 3 000.00
b. cashier - 2 500.00
c. sales lady - 2 000.00
d. dishwasher - 1 800.00
Total: ₱9 300.00

E. Power Utilities
a. Electricity - ₱500.00
b. Water - ₱300.00
c. Other - ₱700.00

F. Sales Promotion

a. Tarpaulin - ₱300.00
b. Flyers - ₱200.00
c. Freebies - ₱100.00
Total: ₱600.00
G. Improvements - ₱30 000.00

H. Furniture

a. Tables - ₱2 500.00
b. Cabinet - ₱7 000.00
c. Chairs - ₱1 000.00
d. Ceiling Fan
- ₱400.00
Total: ₱10 900.00
II. FIXED ASSETS
a. Refrigerator - ₱3 000.00
b. Stove - ₱1 000.00
c. Frying Pans - ₱50.00
d. Ladle
- ₱1 000.00
e. Water Dispenser
f. Spoon - ₱100.00
g. Shredder - ₱100.00
h. knives - ₱500.00
I. Tupper Wares - ₱300.00
j. Mixing bowls - ₱200.00
k. Tank
- ₱800.00

- ₱10 000.00
₱17 050.00
TOTAL:
RESERVES: ₱16 515.00
TOTAL CAPITAL: ₱100 000.00

III. INCOME STATEMENT

What is an Income Statement?

An income statement is a financial statement that summarizes the various transactions of a business during a
specified period, showing the net profit loss; profit and loss statement.

COCONUT DIPPERS
Income Statement
 for the year ended Dec. 31, 2016
Sales Revenue: ₱469 025.00
LESS: OPERATING EXPENSES

Supplies: 9660 x 12 months - ₱115 920.00

Rent Expenses: 3000 x 12 months - ₱36 000.00
Utilities Expense: 1500 x 12 months - ₱18 000.00
Salaries Expenses: 9300 x 12 months
- ₱111 600.00
Advertising Expenses:
Miscellaneous Expenses: ₱600.00
₱16 515.00
TOTAL OPEX: - ₱298 635.00
Net Income Before Tax Expenses: - ₱170 390.00
Less: Tax Provision: - ₱25 558.00
Net Income After Tax:
- ₱144 831.50

With all the computations and calculations that we’ve presented, we have found out that our total capital is
₱100 000.00 in one month coming from different owners or as well as the researchers. From the computed income
statement, we have determined that the Net Income of our business is ₱144 831.50. After all of the computations
and fact that have been presented, we would like to continue our business or to be implemented for its profitability
and feasibility.

CHAPTER 6: SOCIAL Desirability

I. introduction
Social desirability in an experiment occurs when a participant responds in accordance to social norms, or in a
manner in which they believe the researcher would desire, rather than how they truly feel or believe. This is a
cofounding variable in many experiments and must be controlled for.

ii. entity’s benefited

Owner- if the owners manage their business well and give satisfactory to the costumers, then it will surely bare a
positive outcome. They can gain big profit depending on their service given.
Costumer- can gain satisfactory in our product and experience its good quality. They can also be benefited from the
different nutrients that our product has.
Employees- give them the right wages or salaries and also providing them the safety or insurance for their
protection and health.

Government- through the taxes that we pay, the government can now generate or build different infrastructures or
any public services.

Suppliers- they can benefit through the money that the suppliers earned and gain from the company. Good
relationship to the supplier affects positively.

Investors- can get dividends or a personal share of the company’s profit. It can also sell their shares to people who
want to buy them for a good profit.

Competitors- they can benefit and we can also benefit. Through receiving a high satisfaction to the costumer and a
good service to their competitors also will make them benefited.

RESEARCHER’S PROFILE
Marry Ann Maspara Soldier and a successful business man in the
future.
Age: 17
Birthdate: March 17, 2016 Rhea Gigante
Address: Mancilang, Madridejos, Cebu
Age: 16
Advocacy in Life: I wanted to be a teacher and
Birthdate: February 23, 2000
a business woman someday.
Address: San Agustin
Kenneth Laurente Advocacy in Life: 10 years from now, I
wanted to see myself as a successful nurse and
Age: 16
entrepreneur.
Birthdate: February 9, 2000
Address: Poblacion, Madridejos, Cebu Thom John Daruca
Advocacy in Life: I wanted to be a great
Age: 16
Birthdate: November 22, 1999
Address: Tarong, Madridejos, Cebu
Advocacy in Life: I wanted to be a marine
engineer, to build my own business here in
Lawis
Jupher John Otic
Age: 16
Birthdate: November 2, 1999
Address: Bunakan, Madridejos, Cebu
Advocacy in Life:
Sheena Chavez
Age: 16
Birthdate: April 18, 2000
Address: Tarong, Madridejos, Cebu
Advocacy in Life: I wanted to be the
Philippines’ best teacher-entrepreneur.
Jester Alob
Age: 17
Birthdate: July 14, 1999
Address: Mancilang, Madridejos, Cebu
Advocacy in Life:
Jenny Mae Tidoso
Age: 17
Birthdate: March 8, 1999
Address: Kabac, Bantayan, Cebu
Advocacy in Life: I wanted to be a successful
SpEd teacher someday and wish to have a
business with my bestfriend.
Elbert Sinanggote
Age: 18
Birthdate: October 27, 1998
Address: Kaongkod, Madridejos, Cebu
Advocacy in Life: I wanted to reach my goal
as a Seaman. And after 10 years of service I
would build my own Negosyo.