Republic of the Philippines

Bicol University
ELECTRICAL ENGINEERING DEPARTMENT
Legazpi City, Albay

WeInstall
Engineering
Services

Proposed by:
 Angel N. Lotivio
 Republic of the Philippines
Bicol University
ELECTRICAL ENGINEERING DEPARTMENT
Legazpi City, Albay

ii

BUSINESS PLAN
A. Introduction
1. Name of Company: _____WeInstall Engineering Services___________
2. Contact Number: ______09703227773____________
3. Name of Applicants:
 Angel N. Lotivio
2. Is this a new or existing business?
New Existing Date business
established: ____________

3. Type of Operation:
Manufacturing Wholesale/Retail
Agriculture Construction
Aquaculture/Fishing Transportation
Forestry Mining
Tourism Other (Specify) ___Electrical
Installation____________________

4. Mailing Address: P-3 Anislag, Daraga, Albay

5. Postal Code: ____4501____________________

6. Cellphone Numbers: _____09703227773____________________

7. Email Address: [email protected]____________________

8. Proposed location of business: ____Brgy. Anislag, Daraga, Albay_________

9. Legal Form of Business:

Sole Proprietorship Corporation
Partnership Cooperative

B. Cover Sheet
 WeInstall Engineering Serives
 Angel N. Lotivio
 Republic of the Philippines
Bicol University
ELECTRICAL ENGINEERING DEPARTMENT
Legazpi City, Albay

iii

 Brgy. Anislag, Daraga, Albay

 Republic of the Philippines
Bicol University
ELECTRICAL ENGINEERING DEPARTMENT
Legazpi City, Albay

iv

Table of Contents
I. Statement of Purpose........................................................................................................................................ 1
Vision...................................................................................................................................................................... 1
Mission.................................................................................................................................................................. 1
Goal.......................................................................................................................................................................... 1
II. The Business........................................................................................................................................................ 1
A. Description of Business.......................................................................................................................... 1
B. The Market..................................................................................................................................................... 1
C. Competition................................................................................................................................................... 2
D. Location of Business................................................................................................................................. 2
E. Management.................................................................................................................................................. 2
F. Personnel........................................................................................................................................................ 2
G. Sources of Funding, Application and Expected Effect of Loan Investment.................2
III. Business Plan Perspective............................................................................................................................ 3
A. What is the competitive edge/competitive advantages of your business?.............4
B. What is the theme?............................................................................................................................ 4
C. Operations.................................................................................................................................................. 5
Production Workflow................................................................................................................................... 5
Cash Register................................................................................................................................................... 5
Pricing................................................................................................................................................................ 5
D. Marketing Plan......................................................................................................................................... 5
E. SWOT Analysis - Strengths. Weakness. Opportunities. Threats...................................6
IV................................................................................................................................................................................... 7
A. Organizational Chart................................................................................................................................ 7
B. Business Logo (Create your own Business Logo).....................................................................8
C. Business Permits and Licenses........................................................................................................... 8
D. Budget and Fund Allocation................................................................................................................. 9
 Republic of the Philippines
Bicol University
ELECTRICAL ENGINEERING DEPARTMENT
Legazpi City, Albay

a. Financing Plan......................................................................................................9
b. Investment Plan....................................................................................................9
c. Legal Expenses....................................................................................................9
d. Operating Expenses...........................................................................................10
e. Price....................................................................................................................10
f. Building maintenance.........................................................................................10
 Republic of the Philippines
Bicol University
ELECTRICAL ENGINEERING DEPARTMENT
Legazpi City, Albay

I. Statement of Purpose

Vision
To be recognized as a competent and trusted electrical installation firm in the
industry and community, fully equipped with precise and modern electrical equipment,
provide various services such as blueprint printing and to be known for its best
consultancy. WeInstall Engineering Services aims to be the most preferred electrical
installation firm in the community.

Mission
WeInstall Engineering Services aims to provide best electrical installation
services to its client through:

• Free consultation in terms of electrical installation problems;

• Electrical survey plan
• Precise and accurate installation of electricity; and
• Commitment in the appointment set by the clients
WeInstall Engineering Services provides job opportunities for the community.

Goal
The main goal of the business is to generate significant amount of profit by
creating innovative electrical equipment, tools, and machineries for electricians while
also generating considerable amount of renewable energy for other electrical
applications. The main goal of the business is to generate significant amount of profit by
creating innovative electrical equipment, tools, and machineries for electricians while
also generating considerable amount of renewable energy for other electrical
applications. WeInstall Engineering Services aims for profitability of the electrical
installation firm, to be equipped with primary and innovative electrical instrument and to
provide best service to the client. You should have a clearly defined and realistic
timeline to create a sense of urgency.
 Republic of the Philippines
Bicol University
ELECTRICAL ENGINEERING DEPARTMENT
Legazpi City, Albay

II. The Business

A. Description of Business
WeInstall Engineering Services is a company that aims to provide electrical
installation services such as green consulting, product development, repair and
maintenance services, CCTV installation, electrical planning and design. We provide
concise and precise services in applying electrical engineering theory. We install
engineering services, promote equality for all our customers and follow the law.

Electricity is one of the major energy sources and indeed the most consumed
energy source in the world. To understand the importance of electricity, make sure
every home in your area is connected to the grid. Companies that manage electrical
connections in many parts of the world take their job very seriously because of the
importance of electricity. In any case, when building a home or business it is very
important to ensure that the electrical connections are properly made. There are many
benefits that come from using electricity every day. However, electricity can be very
dangerous if not handled properly. Many regions require electrical connections to be
handled in a certain way and have specific regulations regarding this. In your case, the
best thing you can do is when you need to make an electrical connection or repair, and
remember to do it in the best possible way. Hire an electrical contractor.

B. The Market

WeInstall Engineering Services is a business firm that aims to provide electrical

installation services such as green consulting, product creation, repair and maintenance
services, CCTV installation and electrical plan and designs. Its target market are the
residents in the community, Electrical engineering delivers safe, continuous, and
reliable power equipment. The manufactured electrical equipment is been designed,
developed, tested, as well as supervised by the electrical engineers. The manufacturing
industry requires electrical engineering solutions which are been provided by electrical
engineering services. The electrical engineering services offer a wide range of services
such as design engineering supply installation of motor control centers, power &
lightening systems, low tension & high-tension cable laying works, and switchyards.
 Republic of the Philippines
Bicol University
ELECTRICAL ENGINEERING DEPARTMENT
Legazpi City, Albay

C. Competition
WeInstall Engineering Services is a business firm that aims to provide electrical
installation services such as green consulting, product creation, repair and maintenance
services, CCTV installation and electrical plan and designs. With the increasing number
of electrical firm across the province of Albay, the number of competitors is also
increasing. WeInstall Engineering Services is competing among different Engineering
Companies that offer electrical installation services.

D. Location of Business
It is important to understand the importance of identifying the location of the
proposed business for its accessibility to the clients. Location that is easy to find will
also help to promote the business since the people will notice the place easily. The
place also has a good environment.
WeInstall Engineering Services is located in Zone 3, Anislag, Daraga, Albay. It is a
electrical installation firm that provides free consultation in terms of electrical problems
among clients.

E. Management
The management aspect contains a clear and accurate duties and
responsibilities flow of authority and manpower level of requirement. To achieve a
development in the business and become productive, management must be able to
plan and organize all of the activities in the organization.

F. Personnel

The Electrical Installation Firm will have at least five full time positions which
include the head engineer and the electricians. Human resource should accomplish
every workload of the organization to achieve the goal of the business. These personnel
will be directly hired by the head engineer to properly evaluate their skills and
personality.
 Republic of the Philippines
Bicol University
ELECTRICAL ENGINEERING DEPARTMENT
Legazpi City, Albay

G. Sources of Funding, Application and Expected Effect of Loan Investment

The business will be funded through my own incomes from my individual works.
The firm also considers debt financing through a three-year loan for small businesses.
The business will also establish break-even point and ensure it can be met within the
first year.

III. Business Plan Perspective

WeInstall
Engineering

Location: Brgy. Anislag, Daraga, Albay

 Republic of the Philippines
Bicol University
ELECTRICAL ENGINEERING DEPARTMENT
Legazpi City, Albay

A. What are the competitive edge/competitive advantages of your business?

WeInstall Engineering Services is a business firm that aims to provide electrical
installation services such as green consulting, product creation, repair and maintenance
services, cctv installation and electrical plan and designs. It provides precise and
accurate electrical installation with the application of theories in electrical; It is an
electrical firm that provides free consultation in terms of electrical problems among
clients. WeInstall Engineering Services promotes equality in all clients and abide the
law.
WeInstall Engineering Services target markets are the residents in the
community, The global electrical engineering services market is growing at a lucrative
rate. The rise in outsourcing of electrical engineering services, growing demand for
electrical engineering services with an increase in urbanization, and favorable
regulatory policies are some of the key features that are speeding up the growth of the
global electrical engineering services market. The electrical engineering services help
the organization to reduce the risk & additional cost of the expenses, reduction in power
loss & other issues by operation researching process, increase financial security &
efficiency, maximize the productivity in the industry. In addition to this, there is a huge
demand for electrical engineering services from the construction industry as there is a
rise in residential and commercial projects. Additionally, the electrical energy services
also provide end-to-end solutions to several other industries including utilities, heavy
engineering, aerospace, and transportation. All these factors are spurring the growth of
the global market. Moreover, most of the industries are undergoing technological
transformation resulting in the evolution of electrical engineering, thereby making the
electrical circuit in the equipment highly complex. This leads to the need for electrical
engineering services which in turn is boosting the growth of the market. Furthermore,
the adoption of IoT-based technologies is expected to create multiple opportunities for
the growth of the global market during the forecast period. However, unawareness
regarding the overall benefits of the services and low demand for the services from
small & mid-sized industries are the factors that may limit the growth of the global
electrical engineering services market.
WeInstall Engineering Services has its superior workforce talent (important in
professional services like accounting and consulting), expertise in a particular
 Republic of the Philippines
Bicol University
ELECTRICAL ENGINEERING DEPARTMENT
Legazpi City, Albay

technology and favorable reputation with the clients. It is located in Zone 3, Anislag,
Daraga, Albay.

B. What is the theme?

WeInstall Engineering Services is conceptualized traditionally since most of the
clients are elderly which will make them reminded of the culture of the Filipinos. Filipino
theme is known for its artistic designs and uniqueness. Additionally, WeInstall
Engineering Services wants to promote preservation and appreciation of Filipino culture.
As long as there are buildings built and technology used, electrical installation services
will be in demand. It’s safe to say that the electrical installation industry is an evergreen
industry.

C. Operations

Service

WeInstall Engineering Services is a business firm that aims to electrical

installation services that will satisfy our respective clients. It provides precise and
accurate services in electrical with the application of theories in installation. WeInstall
Engineering Services promotes equality in all clients and abide the law.

Place

The proposed electrical installation firm will be located beside the Public Market
in Anislag, Daraga, Albay. The business establishment is convenient for the clients in
terms of location since it is along the highway and is accessible.
 Republic of the Philippines
Bicol University
ELECTRICAL ENGINEERING DEPARTMENT
Legazpi City, Albay

Promotion

The business will be promoted through flyers and word of mouth and through
social media. Loyalty Programs are an absolute motivator for customers and it’s what
they expect from brands too – 75% of consumers say they favor companies that offer
rewards.An effective loyalty program is a smart investment and a gift that keeps on
giving! You can create VIP programs that are activated once a customer attains a
certain amount of points based on their orders. This ensures that your customers keep
coming back for more!

D. Marketing Plan
WeInstall Engineering Services is a business firm that aims to
provide electrical installation services such as green consulting, product creation,
repair and maintenance services, cctv installation and electrical plan and
designs. Its target market are the residents in the community, Electrical
engineering delivers safe, continuous, and reliable power equipment. The
manufactured electrical equipment is been designed, developed, tested, as well
as supervised by the electrical engineers. The manufacturing industry requires
electrical engineering solutions which are been provided by electrical engineering
services. The electrical engineering services offer a wide range of services such
as design engineering supply installation of motor control centers, power &
lightening systems, low tension & high-tension cable laying works, and
switchyards.
 Republic of the Philippines
Bicol University
ELECTRICAL ENGINEERING DEPARTMENT
Legazpi City, Albay

E. SWOT Analysis - Strengths. Weakness. Opportunities. Threats

Strengths Weaknesses
 It’s service strategy
 Lack of capital
 The service quality
 Lack of competencies
 Consistency
 Flexibility

Opportunities Threats
 Growing market  Competition
 Low price of electrical  High price of electrical
tools and equipments tools and equipments

IV.

A. Organizational Chart
 Republic of the Philippines
Bicol University
ELECTRICAL ENGINEERING DEPARTMENT
Legazpi City, Albay

ANGEL N. LOTIVIO
Electrical Engineer

Head Electrician Installation Planner

Instrument Man Rod Man

Assistant

B. Business Logo (Create your own Business Logo)

 Republic of the Philippines
Bicol University
ELECTRICAL ENGINEERING DEPARTMENT
Legazpi City, Albay

10

WeInstall
Engineering

Figure 3. Business Logo

C. Business Permits and Licenses

The business permits and licenses needed are as follows:

• General business licenses

• Tax Registration

• Barangay Permit

• DTI Permit
 Republic of the Philippines
Bicol University
ELECTRICAL ENGINEERING DEPARTMENT
Legazpi City, Albay

11

• Cedula

• Permit to Operate

• Building Permit and Electrical Inspection Certificate

• State-issued occupational licenses

D. Budget and Fund Allocation

a. Financing Plan
Amount (Php)
Source
 Business Owner’s Investment 2 000,000.00
 Loans & Money Borrowed 1,000,000.00
Total

b. Investment Plan
Amount (Php)
Assets
 Facility 250,000.00
 Machineries 150,000.00
Set-up Fees
 Permits/Licenses 8,225.00
Preliminary Expenses
 Electrical Installation 5,000.00
 Water Installation 2,700.00
 Insurance 57,500.00

Cash on Hand 300,000.00

Cash on Bank 182,700.00
Total 956,125.00

c. Legal Expenses
Purpose / Application Amount (php)
 Republic of the Philippines
Bicol University
ELECTRICAL ENGINEERING DEPARTMENT
Legazpi City, Albay

12

Bureau of Internal Revenue (BIR)

Annual registration fee 500.00
Documentary Stamp Tax (sample estimate) 75.00
Books of Account (sample estimate) 150.00
Printing of official receipts (sample estimate) 3,500.00
Sub-total 4,225.00
Miscellaneous requirements
Business Permit (sample estimate) 4,000.00
Sub-total 4,000.00
TOTAL 8,225.00

d. Operating Expenses
Salaries And Wages (sample estimate) 55,340
Employee Related Expenses (sample estimate) 682.50 (To be deducted in
gross pay)
Rent (sample estimate) 47,000.00
Marketing (sample estimate) 20,000.00
Utilities, Phones, Internet Etc. (sample estimate) 6,300.00
Water Bill (sample estimate) 1,000.00
Electric Bill (sample estimate) 11,000.00
TOTAL 141, 322.50

. Social Security System (SSS) having a 4.00% deduction, Home Development Mutual
Fund (HDMF) 2.00% for above 1,500.00 Php, 1.75% Philippine Health Insurance
Corporation (PHIC) totaling to 682.50 Php wage deduction.

e. Building maintenance
Approx. 15k/month