Lilyrose Educational Foundation Inc. A. Mabini Avenue Tanauan City, Batangas “Love Bites” (Bite-Sized Delicacies) In Partial Fulfilment of the Requirements in Basic Functions of Management and Entrepreneurship Proponents: Destor, Daniela Marie E. Malabanan, Sebastian A. Motilla, Renziel Althea M. Perez, Kate Addriane R. 1 TABLE OF CONTENTS Pages EXECUTIVE SUMMARY 1.1 Introduction .......................................................................................... 1 1.2 Market ................................................................................................. 1 BUSINESS DESCRIPTION A. Mission Statement ............................................................................... 3 1. Type of Business ...................................................................... 3 2. Name ......................................................................................... 3 3. Location .................................................................................... 3 4. Product Description .................................................................. 4 5. Position ...................................................................................... 4 6. Pricing Strategy ......................................................................... 4 MARKET AND INDUSTRY ANALYSIS A. Customer Profile .................................................................................... 4 B. Market Segment .................................................................................... 4 SALES AND MARKETING A. Methods of Sales ................................................................................... 4 B. Advertising and Promotion .................................................................... 5 C. Slogan ................................................................................................... 5 D. Character/ Spokesman.......................................................................... 5 MANAGEMENT A. Ownership ............................................................................................. 5 B. Curriculum Vitae .................................................................................... 5 2 Executive Summary Introduction Love Bites is determined to be the best provider of homemade chocolates at value pricing and it will also serve as a place for business professionals to hold meetings in a relaxed environment. Customers will enjoy the comfy environment as well as homemade chocolates and free wireless internet. Love Bites expects to catch the interest of a regular loyal customer base with its broad selection of chocolate products like dark chocolates, white chocolates and milk chocolates. Love Bites aims to offer its products at a competitive price to meet the demand of the middle-to higher-income local market area residents and tourists. Market Love Bites wants to establish a regular customer base, and will therefore focus its business and marketing on local residents, which will be the dominant target market. This will establish a healthy, consistent revenue base to ensure stability of the business. High prominence and competitive products and service are critical to capture this part of the market. Business Description A. Vision Statement Our vision for the future is to become a leading international chocolatier that emphasises on excellence and perfection by creating the finest and the most indulgent chocolates with our spirit of innovation . B. Mission Statement We are passionate about the art of chocolate-making and we are continuously striving to create perfect premium chocolates that will put a smile on our customers’ face. We will continue to use nothing but the finest quality ingredients and implement strict operational procedures to ensure that the chocolates produced are perfect. 3 1. Type of Business - Corporation 2. Name – “Love Bites” We chose this kind of business for the celebration of Valentines Day. We are awared that chocolate is the alltimefavourite of each one of us. This is the appropriate food for those couples that are dating. 3. Location – Lilyrose School (Ground Floor) 4. Product Description Love Bites have developed different selection of chocolates with various toppings and coatings. The estimated shelf life of this product is up to 1 week on the shelf and 2-3 weeks when refrigerated. It is made from a specially created mixture of chocolate that can be bought plain, with nips, nuts sprinkles, or marshmallows. We also decided to make the chocolate small in order to: 1. Create portion control 2. Not waste a lot in case they don’t like it 3. Be able to produce many 4. Avoid “umay” and/or “sawa” 5. Pricing Strategy Ingredients Quantity per servings Sub-Total Chocolate 30 pcs at 30 servings Php 5.00 Marshmallows 1 pack at 50 servings Php 1.20 Sprinkles 1 pack at 25 servings Php 1.20 4 Subtotal price Php 7.40 Add markup (20%) Php 4.44 Total: price Php 11.84 Market Industry Analysis A. Costumer Profile The target market of Love Bites are the customers who loves relaxing environment that will meet their expectation in such great manner of our courageous fulfilment. Our expected customers are between the ages of 5 and above. Who has a sweet tooth and enjoys eating chocolate. C. Market Segment 1. Target Market and Demographics The target markets of Love Bites are the customers who love relaxing environment that will meet their expectation in such great manner of our courageous fulfilment. Our expected customers are between the ages of 5 and above. Who has a sweet tooth and enjoys eating chocolate. 2. Competition Based on our research, Ralfe Gourmet Chocolate is one of our greatest competitor. Ralfe Gourmet Chocolate is all about its founder, RacquelChoa from Cebu, known as the Chocolate Queen of the Philippines and determined to put the Philippines on the map as a cocoa nation. In her “Chocolate House” in Cebu City, she not only roasts and grinds cocoa beans but also ferments and dries them, after they arrive fresh from the surrounding farms. 5 Sales and Marketing A. Methods of Sale Love Bites will have necessary permits needed to operate our business. We will also have our business to draw attention to the prospective customers. Our product comes with a selection of chocolates like milk chocolate, dark chocolate, coated chocolate and many more. Our product also offers more because our product is affordable, delicious and we make sure that our ingredients are always fresh. We will also offer promos that will benefits both our customer and our business. As for our suppliers, we will make sure that we have an alternative one in case that our main supplier does not have enough of our ingredients for making our product, we can still have it through our alternative one. We will make sure that we will be giving the wants and needs of our customers by having an innovation in our product but can still be affordable. B. Advertising and Promotion To bring attention to our booth, we produced flyers that were distributed to many students and stuck onto some walls of Lilyrose School in areas that are commonly visited by people. We also conducted our survey to whoever we would see in order to bring awareness of our upcoming booth. Our flyers contain the dates of the event so they know when it is going to happen in advance. We included a small amount of mini flyers that have a promo that if found, shall be 6 brought to the booth in exchange for a free piece. This will also push them to look for more and hopefully go to our booth whether they find any or not. C. Slogan Our slogan is “delight in every bite” due to the fact that every piece we make will bring delight and enjoyment. We are confident that they will be satisfied by our chocolate even if the pieces that we make are small and bite sized. Management A. Ownership Our booth is a corporation between the four entrepreneurs Renziel Althea M. Motilla, Kate Addriane R. Perez, Daniela Marie E. Destor, and Sebastian A. Malabanan. We brainstormed and put all of our ideas together to form our product and management. Each of us has our own roles and responsibilities to attend to and all decisions are approved together. 7 8 9 B.Curriculum Vitae RENZIEL ALTHEA M. MOTILLA 890 Trapiche 4, Tanauan City Batangas renzielalthea25@gmail.com OBJECTIVES To enhance my educational skills To solve problems in a creative and effective manner EDUCATIONAL BACKGROUND Daughters of Mary Immaculate School : Kindergarten 1 S.Y 2005-2006 Multiple Intelligence Learning Center : Kindergarten 2 S.Y 2006-2007 Preparatory S.Y 2007-2008 Lilyrose School : Elementary S.Y 2008-2014 Junior Highschool S.Y 2014-2018 PERSONAL INFORMATION Name : Renziel Althea MoncayoMotilla Birthday : June 25, 2001 Religion : Roman Catholic Mother’s Name : Melanie Moncayo-Motilla Occupation : Employee Religion : Roman Catholic Father’s Name : Renato BaradasMotilla Occupation : N/A Religion : Roman Catholic 10 KATE ADDRIANE R. PEREZ 280 Brgy. Mabini, Tanauan City Batangas perez.addriane@gmail.com OBJECTIVES To acquire knowledge through trials and experience To provide ideas and solutions with innovation and creativity EDUCATIONAL BACKGROUND Secondary : Lilyrose Educational Foundation Inc. A. Mabini Ave. Tanauan City, Batangas SY: 2014-present Primary : Lilyrose Educational Foundation Inc. A. Mabini Ave. Tanauan City, Batangas SY: 2012-2014 (5th& 6th Grade) Batangas College of Arts and Sciences MataasnaKahoy, Lipa City, Batangas SY: 2011-2012 (4th Grade) Mittelstadt Elementary School 7525 Kleingreen Ln, Spring, TX SY: 2005-2011 (Pre-K to 4th Grade) PERSONAL INFORMATION Name : Kate Addriane Reyes Perez Birthday : 14 December 2000 11 Religion : Iglesia Ni Cristo Father’s Name : Roque Briones Perez Occupation : Recruitment Manager Religion : Iglesia Ni Cristo Mother’s Name : Marife Reyes Perez Occupation : Consultant Officer Religion : Iglesiani Cristo 12 DANIELA MARIE E. DESTOR Block 32 Lot 12 Section 8 Blue Isle Filinvest ,Sta. Maria Sto. Tomas Batangas City Mobile No: 09129442056 e-mail Address: danielamarie1901@gmail.com CAREER OBJECTIVES To improve my technical and personal skills To explore in an environment of growth and excellence to meet personal and organizational goals. EDUCATIONAL BACKGROUND Secondary : Lilyrose School Tanauan City, Batangas SY: 2014-2020 Primary : Sta.Rita Elementary School Brgy.Sta.Rita, Batangas City SY: 2008-2014 PERSONAL INFORMATION Age : 17 yrs. Old Sex : Female Date of Birth : October 19, 2001 Place of birth : Laurel, Batangas City Religion : Roman Catholic Civil Status : Single Father's Name : Giovanni R. Destor Occupation : Pipefitter Mother’s Name : Aurea E. Destor Occupation : Sales Agent 13