I.
General Company Description
Toron Extra Hauz is a micro business that presents you with a variety of toron
delicacies in the municipality of Lianga, Surigao del Sur. The Toron Extra Hauz
guarantees to offer a irresistible taste of various toron delicacies that are mindfully
and creatively made with dedication, passion, and love for consumers. The team
picked the ingredients mindfully with care and competence to ensure not only the rich
tasting product that lingers but also to provide the right nutrients needed in our
bodies.
Vision:
Toron Extra Hauz envision to become the best destination for various flavor of
turon in lianga, Surigao del Sur and to bring these traditional dishes to a wider
audience through Turon Extra Hauz
Mission:
Turon Extra Hauz aims to:
provide our customers with high -quality, delicious, and authentic Filipino
cuisine using the freshest ingredients and traditional cooking techniques.
create a welcoming and inviting atmosphere for our customers and to provide
excellent customer service.
Promote healthy work environment for the employee
Goals:
The company aims to achieve the following:
•increase operational profitability
•Accomplish sustainable growth
Objectives:
The company aims to:
Increase in annual net income of PHP 30,000 yearly,
Increase in annual sales by PHP 50,00 yearly,
Increase market share by 10°/• in year two,
Enlarge the business by expanding the business operation in the province of
Surigao del Sur.
Business Philosophy/Core Values:
The business philosophy is to provide quality product and ensure the satisfaction
of the costumer. The business should employ a strategy in order to achieve the goal.
Customer Satisfaction: The primary focus of the business would be to ensure
that customers are satisfied with the turon product and their overall experience.
The business would prioritize delivering on customer expectations and
addressing any concerns promptly and efficiently.
Customer-focused: Turon Product is dedicated to understanding and meeting the
needs of their customers. They prioritize customer satisfaction above all else and
strive to exceed expectations through exceptional service and quality products.
Innovation: Turon Product believes in continuously challenging the status quo
and pushing boundaries to develop innovative solutions. They foster a culture of
creativity and encourage employees to think outside the box to drive growth and
solve complex problems.
Integrity: Turon Product operates with the utmost integrity in all their business
dealings. They are committed to being honest, ethical, and transparent in their
interactions with customers, suppliers, employees, and the community. Trust and
reliability are at the core of their business relationships.
Sustainability: Turon Product recognizes the importance of environmental
responsibility and is committed to sustainable practices. They actively seek to
minimize their ecological footprint through initiatives such as reducing waste,
conserving resources, and supporting eco-friendly products and processes.
Collaboration: Turon Product believes in the power of collaboration and
teamwork. They foster a supportive and inclusive work environment, encouraging
employees to work together, share ideas, and leverage each other's strengths to
achieve common goals.
Continuous improvement: Turon Product embraces a culture of continuous
improvement. They strive for excellence by constantly evaluating their processes,
products, and services, and seeking opportunities for enhancement. This
commitment to continuous learning and development enables them to stay
ahead in a rapidly evolving market.
Responsiveness: The business would be responsive and attentive to customer
feedback and suggestions. It would actively seek input from customers to
understand their needs and preferences, and adapt the product and service
accordingly.
Authenticity and Originality: The turon product would stay true to its traditional
roots, preserving the authentic taste and essence associated with it. The
business would value original recipes and strive to offer a unique and memorable
turon experience.
Quality Consciousness: The turon product would be made with the highest
quality ingredients and prepared with utmost care and precision. The business
would be committed to maintaining consistent quality standards and continually
improving the product to meet customer preferences.
Love: Turon Hauz believes in spreading love and creating a warm and
welcoming environment for its customers. They prioritize building strong
relationships with their customers and treating them with respect, care, and
empathy.
Safety: Turon Hauz is committed to ensuring the safety and well-being of their
customers. They maintain strict hygiene and cleanliness standards in their
facilities and follow all relevant health and safety guidelines. Customer
satisfaction and safety are their top priorities.
Legal form of ownership:
Turon Extra Hauz is a partnership owned by Solphia Blyth Cane, Chavil
Mocoy, Chaira Umbania, Ivy Cacho, Ais Yu, John Mark Henry Vidal, Rickcel
Abejuela, Freychelle Joy Balaba, Rylmart sarceda, Tom Rowald Valderas. The
business will have start-up capital of ₱500 That will cover all the start-up costs.
II. Products and Services
Description of Products/Services
Turon is a popular Filipino dessert made with thinly sliced banana strips that
are coated in a thick layer of caramelized brown sugar and wrapped in a crispy dough. It
is often served as a snack or a dessert and is a favorite street food in the Philippines.
The sweet and crunchy texture of the turon, combined with the banana flavors and the
caramelized sugar, make it a delicious and satisfying treat that is enjoyed by many
people in the Philippines.
Turon flavor
Competitive Advantages
Turon extra Hauz offers a unique fusion of traditional Filipino cuisine, giving it a
distinctive taste that sets it apart from competitors. With its prime location in a bustling
rural area, Turon Hauz capitalizes on high foot traffic, making it easily accessible and
attracting a larger customer base.Turon Hauz keeps its prices competitive, offering
customers exceptional value for their money without compromising on quality.The cozy
and inviting ambiance of Turon Hauz creates a comfortable and enjoyable dining
experience, enhancing customer satisfaction and loyalty.Turon Hauz prides itself on
excellent customer service,ensuring personalized attention and prompt service to build
strong relationships with patrons.The extensive menu selection at Turon Hauz caters to
a variety of dietary preferences,accommodating diverse customer preferences and
increasing its appeal.By incorporating sustainability practices, such as using locally
sourced ingredients and reducing food waste, Turon Hauz appeals to environmentally-
conscious consumers.Turon Hauz stays ahead of industry trends and continually
introduces innovative menu items, attracting food enthusiasts seeking unique dining
experiences.With its well-trained and experienced staff, Turon Hauz maintains
consistent food quality and presentation, garnering positive word-of-mouth
recommendations.Turon Hauz leverages digital marketing strategies and an engaging
online presence to attract a ++++younger, tech-savvy demographic, expanding its
customer base.
Pricing Structure
The approach that will be used is competitive pricing. Because there are food
hauz in lianga, we will use current market pricing to establish the cost of the goods and
services we provide. Competitive pricing will keep us price-adjustable and on top of
trends by keeping turon extra hauz. Customers will understand that we always provide
the best price for value in this way.
Define competitive pricing
Why u choose this approach?
III. Marketing Plan
Market Research
No matter how good your product or your service, the venture cannot succeed
without effective marketing; and this begins with careful, systematic research. It is very
dangerous to assume that you already know about your intended market. You need to
do market research to make sure you’re on track. Use the business planning process
as your opportunity to uncover data and to question your marketing efforts. Your time
will be well spent.
There are two kinds of market research: primary and secondary. Secondary
research means using published information such as industry profiles, trade journals,
newspapers, magazines, census data, and demographic profiles. This type of
information is available in libraries, industry associations, chamber of commerce, from
who sell to your industry, and from government agencies. Primary research means
gathering your own data. (Discuss here in details the results of your survey-
Demographics & Preferences)
Economics/Industry Analysis
Facts about your industry
Barriers to Entry
Examples of barriers to entry: high capital costs, high production costs,
high marketing costs, consumer acceptance and brand recognition,
training and skills, unique technology and patents, unions, shipping costs,
tariff barriers and quotas
How will you overcome these barriers?
Demand and Supply Analysis
Demand computation
Supply computation
Analysis of demand and supply showing gap
Market Share Computation
Product
Describe your products and services from YOUR CUSTOMERS’ POINT OF
VIEW.
Features and Benefits: List all your major products and services. For each
product or services describe the most important features. What is special about it?
Then describe the benefits. What will the product do to the customers?
Will you give after-sale services? What will these be? Examples are free delivery,
warranty, support, follow-up, refund policy.
Customers
Identify your targeted customers, their characteristics and their geographic locations. If
you sell a consumer product, but sell it through a channel of distributors, wholesalers
and retailers, you just carefully analyze both the end consumers and the middleman
businesses to which you sell. You may have more than one customer group. Identify
the most important groups.
Competition (Competitive Analysis)
What products and companies compete with you?
List your major competitors. Will they compete with you across the board or just for
certain products, or in certain locations?
Will you have important indirect competitors?
Use the Competitive Analysis table below: You customize based on your need.
Table 1: Competitive Analysis
FACTOR Name of STRENGTH WEAKNESSES NAME OF NAME OF Importance
COMPETITOR COMPETITOR to Customer
Your business
Products
Price
Quality
Selection
Service
Reliability
Stability
Expertise
Company
Reputation
Location
Appearance
Sales Method
Advertising
LEGEND: 1 = Critical 5 = Not very important
Strategy:
Promotion – how will you get the word out to customers?
Advertising – what media, why and how often?
Identify low-cost methods to get the most out of your promotional budget.
Will you use methods like trade shows, catalog, dealer incentive, word of
mouth, social media, and network of friends or professionals?
In addition, what plans do you have for graphic image support? This
includes things like logo design, cards and letterheads, brochures,
signage and interior design.