Untitled
Untitled
In partial fulfillment of
The requirements in Entrepreneurial Mindset
Condes, Pinky C.
Pin, Morino M.
Lavega, John Humprey
Duma, Christian Joy U.
Sunio, Catalino Jr.
Delas Marias, John Christian
Espora, Chrismar Jay V.
Fortuna, Renjie A.
March 2023
HOLY TRINITY COLLEGE
GENERAL SANTOS CITY
ACKNOWLEDGEMENT
We want to offer this endeavor to our Almighty God for the wisdom he
bestowed upon us, the strength, peace of mind, good health and spiritual
and collaborate to create this idea. Without their commitment, the success of
TABLES OF CONTENT
Acknowledgement I
Executive Summary V
The Business
Organizational Policy 9
Production Procedure 18
The People 27
The Product 27
Floor Plan 31
Physical Store 31
Production Plan 32
Management Plan 32
Financial Plan 32
Documentation 37
EXECUTIVE SUMMARY
Introduction
The majority of chips you'd find in stores are usually made of potato. If
you enjoy eating potato chips as a snack, you likely already know that they're
not the best choice for your health because they might be heavy in fat and
carbohydrates. Now, we introduce the Chips 'n Chill Company which is also
producing vegetable snacks in the food industry. One of the products which
the company has created is called Crispynach. It has the same flavor and
crunch but is considerably healthier. You may indulge in these chips guilt-
free because our major ingredient, spinach, is not only low in fat and calories
from the product. Malnutrition and nutritional inadequacies are issues that
this snack meal can help with. The Crispynach now comes in four flavors:
plain, cheese, barbecue, and sour cream. You won't even realize you're
which is enough for 1,600 goods. There is no need to worry if the goods are
not sold right away, because the goods has a shelf life of 6 months. When it
comes to the quality of the product, it will remain as new because the
company’s packaging has zip lock which helps the product to preserve inside
and avoid moisture outside the environment. The company will constantly
production schedule in pieces and quantity. It also shows the total cost of
product. It has stalls open at malls, parks, and even at the airport for those
people who are looking for snacks and souvenir. And, rather than renting and
position in the business. Their working days are only 26 days a month. It
means, they are advice to take a rest day every week. The Company also
Human Resource Policies and Guidelines for them to follow. The Company
doesn’t have its HR Department, and since the business type is a partnership
with 3 owners, the owners will serve as the HR for the Company.
purchase ingredients for the production of goods, for rental and utilities,
packaging expenses and machineries and equipment. If the goods are sold
in the price that will range 35-70, the company can make ₱ 64,500 revenue
promote vegetable snacks in the market. The Chips ‘N Chill come up with the
concept of being able to make a more nutritious form of chips in the nation
that is also beneficial for vegans, kids, and even for those people who
currently undergo in weight loss and want snacks that is low in carbs. The
majority of people consider chips as a junk food due to its high carb
ingredients, but the C ‘N C’s Company unique and creative invention allows
The Company name is inspired from the phrase ‘Netflix and Chill’
which is the catchiest phrase especially in this modern generation. Since the
company’s service is not Netflix but rather a snacks and drinks, the company
I. Vision
General Santos City which provides healthy nutritious snacks for valued
II. Mission
(1) To serve clients with new, innovative and delicious chips as well as
(3) To guaranteed clients that our products are made from fresh
vegans, health-conscious, chip lovers, and parents who want their child to
(a) To promote healthy snacks as a substitute to the usual chips that we eat.
(d) To ensure that Chips ‘N Chill Company will reach the goals of the target
City.
the business easy to establish because there is an extra set of hands from
your co-owner. Through partnerships, the company can split the financial and
administrative costs in which the burden is shared and the capital is more
THE BUSINESS
SUPPLIER Because spinach is available throughout the year, the supplier has low
POWER bargaining power. As a result, the supplier cannot simply limit supply or raise
prices. Furthermore, other ingredients are always accessible on the market.
There is an average rivalry among the rivals. There are few companies
EXISTING that offer this kind of product elsewhere, but our company wants to
COMPETITOR introduce this to the local market. As a result, the company has a good
chance of dominating the market.
THREATS
OF Spinach and other ingredients are usually available in the market and
SUBSTITUTE fairly priced. And, since the process is simple to follow, there is a high
possibility that it will be substituted. However, our product's flavor and
quality remain distinct.
There is a large chance that potential entrants will enter the market due to the
POSSIBILITY
product's delicacy and rarity. Moreover, because the startup costs are low and
OFNEW
ENTRANTS the products can be sold off as "homemade," there is also a high possibility of
starting this kind of business these days.
before it is released.
Controls equipment
Organizational Policy
Chips ‘N Chills Company has its own by-laws, this was made to
guarantee that every employee of the Company is taken care of, that their
requirements are met, and that appropriate benefits are made accessible to
them for their work. This will assist employees in addressing concerns,
difficulties, and criticisms, and will provide the organization with a plan on
possibilities.
registering their time on the biometric fingerprint scanner. It will not consider
unless they file for unpaid leave absences. The salary will be withheld 20
pesos per minute for each late arrival. The penalty will be paid to charities
C. Policy on Safety - The Company should ensure that every staff member
is free of hazards and risks in order for them to identify that their workplace is
while under the influence of illegal drugs or alcohol. Violators must either be
suspended or fired.
spare time.
G. Working Hours - The company will follow mall hours, therefore they work
from 10 am to 10 pm.
location in the office. All policies will be handed to all workers for their own
conditions, all of which have a major impact on the company. The policies
listed above are intended to give working rules for the employee and its
employees who are suitable and reliable for a certain position in the
people.
experience that may be relevant to the job they are seeking for, and to
are required to undertake some medical examinations such as drug tests and
perform productively.
orientation program so that they are familiar with the workplace and are
company, and what takes people suited to specific jobs is training. Business
Wages
once every two (2) weeks or twice a month at intervals not exceeding sixteen
operation.
Benefits
Employees will receive a Christmas bonus, and if they become ill, the
company will pay sick leave with a payment for doctor's consultation. If
employees give their all in business, they will receive a non-monetary award
such as a certificate with the title "best employee of the year" and a matching
gift certificate.
Meal Hours
unpaid lunch break in the middle of the workday. Employees must receive at
least one hour off for regular meals, as stipulated in Article 89 of Book Three
Job Abandonment
If you are absent from work for two days and do not contact your
employer, you may be terminated.
The company will ensure that they are in proper working conditions
and will guarantee them from any dangers or threats to their health that may
emerge while doing their duties. Articles 156 through 161 of the Labor Code
coating)
TOTAL ₱
8,603.50
The quantity needed for each item and their corresponding price are
computed with the total of ₱ 8,603.50 which is good for 1 month. In this
400pcs twice a week, which is 200 pcs every Monday and Thursday.
100 grams
50 grams
Table 2 shows that in a month, the company can produce 1,600 pcs of
Crispynach with four different flavors that comes with small/large sizes.
Sales Projection
Production Procedure
STEPS PROCEDURE
1 Clean the spinach thoroughly.
2 Remove leaves from the stem. Set aside.
3 For the batter, combine cornstarch, flour, egg, salt, white pepper
and water.
4 Put it in a clean mixing bowl.
5 Mix until the consistency is smooth.
6 Set aside the batter. For the coating, mix chicken powder and
cornstarch.
7 Heat oil, and reduce fire to medium.
8 Dip spinach leaves in batter. Let it dry in drying rack.
9 Once dry, dip it in coating and Deep fry until crispy.
10 Drain oil from spinach leaves using paper tissue.
11 Let it dry for 1 minute.
12 .Add, flavors.
13 Pack it in a paper pouch and seal it with zip lock.
14 Serve/ Deliver.
Utility Management
Electricity ₱ 1,500.00
TOTAL ₱ 8, 370.00
The company will use basic waste management. Inside the Chips ‘N
Chills kiosk, there will be trash cans for biodegradable and non-
generated from the materials used will be collected and recycled by the
company in order to limit the amount of garbage disposed of. As a result, the
Product Concept
particularly parents, can easily allow their children to consume spinach chips
Crispynach Chips is promoted to all ages and is available with drinks on it.
Production Concept
used a process of trial and error to establish the ideal ingredient combination,
Selling Concept
The company has various methods for selling the product. It has stalls
open at malls, parks, and even at the airport for those people who are
looking for snacks and souvenir. On the other hand, the company is engaged
on social media. As a result, the goods will be sold on social networking sites
as well. Any method of payment will be accepted, including cash and internet
banking.
Marketing Concept
and the company. The organization thinks that wealth is synonymous with
health. The customer feels that health is wealth. As a result, the company will
make nutritious chips in return for profit while also providing consumers with
healthy snacks.
Societal Concept
stated, the recycled plastics from the company's garbage will be converted
into plastic chairs, which will then be donated to a daycare center and a
public.
Crispynach is suitable for anyone aged 4 and up, from the middle and
lower classes, including those who do not normally consume green leaves or
C&C Company will offer its product through numerous social media
certified and suitable for people of all genders and religions. Furthermore, the
company's major target market is all General Santos City residents. But,
targets are subject to change. After all, the company still aims to be widely
known so, they are open for those people like tourists and vegans.
differ from those of adults and teenagers, according to research, since they
eat between breakfast and lunch, or between lunch and dinner. As a result,
the company's snacks are great for children. It is also compatible with the
because of its pricing, the product is also for adults. Adults chose high-quality
ONLINE
BUSINESS
FAST FOOD
MALL STALLS CHAIN Fast Food Chain
(CHIPS ‘N CHILL) Street Foods
Chips 'N Chill
Online Business
STREET FOODS
business industry. Using the market share formula of Company Sales divided
by Entire Market Sales (who also sells chips) the company only obtained
10.18% of the total market and finished third in the sector. Fast food
restaurants provided not just snacks but also meals and beverages, which is
why they are ranked first. Furthermore, street foods, have built their
held the second largest market share. And for online business, it ranked last
because face to face are now available and people nowadays prefer on walk-
Customers
categories: major and minor. The concern that the Company may have with
major consumers is that they may expect large discounts, coupons, and
special treatment. Meanwhile, minor consumers buy less but are still
Suppliers
Major suppliers are crucial for daily delivery, and a problem with them
might result in delays or product quality concerns due to the large number of
manufacturing standards.
Complementors
make souvenirs, beverages, and delicacies can engage with us. It will assist
Competitors
The company's competitors are those who also sell Vegetable Chips.
Hence, the company will simply concentrate on how we provide better chips
and unique form of chip that will capture the customer's curiosity and leave
them wondering what the taste is. Because malunggay, cassava, spinach,
and saluyot are healthy and inexpensive vegetables, the company comes up
with the idea of turning them into snacks rather than serving them as meals.
This snack is ideal for eating while watching movies, chatting with friends, or
The People
The Chips ‘N Chills Company valued its people because they are the
the achievement of business goals and objectives. Thus, the Company will
boosting their skills and talents in making the product known to the market.
The Product
name. The combination of the word Crispy + Spinach, created its brand
name “Crispynach”. At the first glance, adults even kids can easily remember
the product because of it has only one word and the pronounciation is just
simple.
Our product contains spinach leaves, cornstarch, flour, egg, and butter
alternative. Spinach is good for your skin, hair, and bones. Protein, iron,
vitamins, and minerals are also present. Customers will love this healthy chip
their friends, relatives, or work colleagues to try the product as well. By using
such individuals' influence, they can bring clients to the brand who may be
bag with a zip lock design with a sticker of the brand logo. The zip lock
wonderful taste of chips without losing flavor due to being left exposed.
The business concept is unique, as is the fact that it is the first in the
as kids and adults, where chips offer greater chances for the company to
capture the market. Producing quality items can improve the image of a
continue to purchase the Crispynach if the fact that they are a healthy snack
is maintained, and it can improve the image of the company because its
popularity is excellent.
the company during production. The items produced are mall-priced so that
they are affordable to clients, and the pricing will only be increased as the
Floor Plan
Physical Store
The company will always provide fresh raw materials for the
production of Crispynach. This feature also shows the stages in creating the
displays the entire cost of production for the goods, machineries and
A Company owns and operates the business. It has five staff and
province's minimum salary and their position in the business. They also
To determine the net income or loss of the business, the total project
cost of the overall operation of the company and the capital investment of the
owner are computed. The balance sheet is stated to monitor the cash flow of
the Company.
machineries and equipment. If the goods are sold in the price that will range
35-70, the company can make ₱ 64,500 revenue in a month. This is enough
machines, with the exception of the stove, which only lasts 5 years, similar to
the tools and equipment. The demand for the product is expected to grow at
a 5% annual rate, and the owners tend to raise their selling price by 2-3
pesos (P2.00-3.00) each year due to the rising cost of raw materials.
CHIPS ‘N CHILL
BALANCE SHEET
Dec. 31,2023
ASSETS
Cash 10,000.00
Inventory 21,407.50
Machineries 16,305.00
Computer 10,965.00
Vehicle 73,295.50
LIABILITIES
Accounts Payable 100,440.00
Total Liabilities 100,440.00
EQUITY
Capital Stock 35,478.50
Retained earnings 8,054.50
Total Equity 43,533.00
TOTAL LIABILITIES AND EQUITY 143,973.00
Documentation