Jesus Is Lord Colleges Foundation, Inc.
I. INTRODUCTION
Proposed name of the Business
The name of the business will be Polvoron Delight for the proponents of the business
wants to offer a Polvoron that can make a long-lasting loyalty and passion to their customers.
They will make a Polvoron that can satisfy their cravings and give a unique taste as they
innovate a simple Polvoron to a more enhancing one.
Address of the Business
The proposed location of the business Polvoron Delight will be at 101 Bunlo, Bocaue,
Bulacan in Jesus Is Lord Colleges Foundation Inc. Senior High School Building. This is the
place where the products will be distributed and also this will be the meeting place for the online
buyers. They choose this place since most of their target markets are located at this place. Also,
they created online websites to advertise their products and be easily noticed by the people.
Polvoron Delight
Name of the Owners
Name
Mikaella Reyes
CheroDela Cruz
Andrea Orozco
Heide Omanito
Ma. Christina Poserio
Louise Dominique Simbahan
JulliaLibrada
Desserie Hernandez
Address
Bocaue, Bulacan
Malolos, Bulacan
Bulakan, Bulacan
Bocaue, Bulacan
Meycauayan, Bulacan
Pandi, Bulacan
Meycauayan, Bulacan
Guiguinto, Bulacan
Description of the Business
Polvoron Delight
Polvoron Delight
1|Page
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
The business is focused on making Polvoron, a healthy Polvoron that is new in the eyes
of the customers. Basically, the usual Polvoron has been innovated and make it more unique and
healthier kind of product. The mission of the business is to innovate a regular Polvoron into
extraordinary ones and be introduced to the Filipino people promoting a healthy lifestyle and
delightful experience. The owners want to bring back the essence and be recognized again the
Polvoron which is our traditional Filipino dessert. They are going to offer it to the market with a
new style and flavors which are not so common in pastries like this. The Polvoron is purely
made by vegetables and fruits creating it as a healthier kind of products. On the other hand, the
vision is to transform Filipino delicacies into a world-class dessert that will promote the
country's original delicacies. The people who are part of establishing this business has a goal to
bring back this kind of Filipino dessert to the Filipino people and be introduced to the youths.
They want this product to be part of every home satisfying their cravings. Also, be recognized to
the world by the application of online selling which is in a huge range of marketing a product as
they appreciated of the owner's dedication in forming and offering Polvoron to the customer as
we want all the best for them.
Location of the Business
The location of the business will be at Jesus Is Lord Colleges Foundation particularly at
Senior High School Building. Since the products that they are going to offer are for all ages, it
really fits especially with the students, teachers and even parents. The manufacturing of the
products will be done at the owner’s house and be delivered to the location to sell it to their
customers. Lastly, the business will create an online page to advertise and promote their products
inside and outside JILCF. And for orders, the product will only be given to their online
customers through meet-ups and shipping.
Funding Requirement and Source of Funds
The initial capital of the business will be provided by its eight proponents to fully
establish it. For the whole month, the business requires P4, 000 to support its expenses for the
time being.
II. EXECUTIVE SUMMARY
Mission
“Innovate a regular polvoron into extraordinary ones and be introduced to the Filipino
people promoting a healthy lifestyle and delightful experience.”
2|Page
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
Vision
“Transform Filipino delicacies into a world-class dessert that will promote the country’s
original delicacies.”
Goals
 To introduce Polvoron Delight to the market and be known by the people for its
delightful experience.
 To have an own stall wherein the production of the product take place and all the
products of Polvoron Delight will be displayed.
 To produce and innovate more different Polvoron and be introduce to the market.
Objectives
 To keep the customer happy and satisfied.
 To maintain a productive and positive environment to improve the quality of the
products.
 Require careful use of company resources such as finances.
 To prepare our organization for growth and creating a process that effectively deals with
a developing marketplace.
 Hiring and expanding the employees and overall management of the business.
Core Values




Transparency
The organization must be honest and transparent regarding the recording system,
production of the product and confidential information of the business.
Customer Oriented
The organization is focusing on the relationship with their customer helping them to meet
their long-term needs and wants. Another, the management and employees align their
individual and team objectives around satisfying and retaining customers.
Responsible
The organization will take care of all their responsibilities and hold their accountability
for every task they do for the business and their customers.
Collaboration
The organization believes that if they work together they can do what they are going to
achieve. They are supporting, motivating and encouraging each other for them to learn
and grow.
Trust
3|Page
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.


The customer can believe them since they act with integrity and make the wisest
decision. Have the certainty that they are on the whole paying special mind to each
other's best advantage.
Respect
The organization endeavor to respect and value the people who are forming and molding
the business.
Business and Product Position
Polvoron Delight is a healthy pastry or desserts made from vegetable and chocolate that
is good for all. Since the business will be first established at Jesus Is Lord Colleges Foundation
whose population is over 2,000 available markets. The estimated target market share of Polvoron
Delight is approximately 20% of the population of JIL at the start.
Wealth Improvement Approach
The owners and manufacturers of Polvoron Delight will ensure that the product is well
maintained and monitored. For the product distribution, our staff will take good care and be
responsible for the safety of the delivery and will continue to remain on its product position to be
sure that the consumers will know what exactly the product is. Aside from this, in order for them
to always reach the satisfaction rate of their customer and improve the market share of Polvoron
Delight. They will regularly gather reviews and experiences of those who buy their products.
Another way, they will be remained active online to promote and advertise their products and
create discounts and promos to get the trust and loyalty of their customers and maintain its good
relationship with them.
Parties Supporting the Business
The first supplier of Polvoron Delight is the Balagtas Public Market where they buy their
ingredients in making the Polvoron. For the utensils needed and other materials, the second
supplier of Polvoron Delight is the New Star Balagtas which the price is not that expensive yet
the quality is good as well. When the business grows, they will find a wholesaler to become the
next supplier of Polvoron Delight that can offer a better price and quality compared to the
Balagtas Public Market and New Star Balagtas. The customers of Polvoron Delight are the
JILians since the business is located at their school. Aside from this are the online customers of
the business as they opened and advertise their products to their online pages offering for orders.
For the employees, the owner will be seeking suitable people that have a good character and
passion for every task they do
III. ENVIRONMENTAL ANALYSIS
Trend in the Industry
4|Page
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
According to the feasibility study of Gabarda, Polvoron is one of the most popular sweet
delicacies here in the Philippines. Polvoron is very known and popular in Nueva Ecija, Bulacan,
Manila, and Pampanga. Polvoron is a type of heavy, soft, and very crumbly Spanish shortbread
made of flour, sugar, milk, and nuts wherein, in Andalusia can produce mostly many Polvorons
for about 70 factories. Polvoron is originated and popular in the country of Spain which they
bought in the Philippines.
Consumer Analysis
1. Market Segmentation and Targeting
The Polvoron delight will be targeting students with the age ranges 15-20, students within
this range they want to discover something new and according to the survey, most of the students
would like to innovate the old Polvoron into a new Polvoron. Polvoron delight might become
popular with the students because it is new to their eyes and taste. If the market is looking for the
innovation of a Polvoron then Polvoron Delight is the right product for them. Psychological and
behavioral segmentation will be used for the segment of the market. Psychological because not
all students would like to eat a Polvoron with the flavor of vegetable/fruits but only for the
students would like to eat. Behavioral because some students will taste /adopt the new innovation
of Polvoron.
Figure 1.1
Figure 1.2
Figure 1.3
Demand Analysis
Willing to try the
product
4%
Fond of eating
Polvoron
Innovation of the
product
6%
6%
16%
YES
NO
NO ANSWER
90%
YES
YES
NO
NO
84%
94%
Figure 1.1
Figure 1.3
Figure 1.2
According to the result of the survey, it shows that 84% of the respondents state that they
are fond of eating Polvoron and only 16% are not. The data only means that there is a demand in
the market due to that 84% of it are fond of eating Polvoron. Aside from this, 94% of them are
willing to innovate a common Polvoron into more enhancing and healthy one adding different
styles, flavors, and delightful experiences and the 90% of them are also willing to buy and try
this product if this is now available to the market.
Competitors Analysis
5|Page
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
According to the Spit.ph, the most popular business for selling Polvoron in the
Philippines is Goldilocks. The Polvoron Delight will be having a hard time in competing with
these popular and well-known businesses in the market:
Goldilocks is the most recognizable stores that offer these products. The outlook for this
product in general – and in particular -- is positive for several reasons. First, the unique way of
packaging the product is wherein you can see the inspiring message at the back of it. Second,
consumers are buying the product to the nearest distributed stores. Third, we made a tasty
homemade product that is cheaper compared to the above stores mentioned and we have a
particular flavor. The only advantage of the Polvoron Delight it has a uniqueness and
affordability that will be the trend for the student and small business like a canteen and sari-sari
stores. Based on this study, some people want to taste the innovation of the old Polvoron that
they know.
Maufacturers that the Consumer Prefer
Local
International
16%
84%
Figure 2
The competitors given above have a huge demand over the market as they are already
known by a lot of consumers. First, it will be hard for us to compete with them because we are
just starting in this kind of business and our business is not yet known in the market. Some
consumer thinks that when it comes to Polvoron, Goldilocks is the best for that. But it will be an
advantage for us because we can use Goldilocks as our standards and to have goals to meet them
of what they are now. The business aims to be the well-known manufacturers of Polvoron, not
with the name but in terms of quality and taste of our Polvoron.
Survey Results
6|Page
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
Fond of Eating Polvoron
16%
YES
NO
84%
Figure 3
The graph shows the results of the respondents fond of eating polvoron. Based on the
result of the survey, out of 50 respondents, 84% is fond of eating polvoron and 16% dislike to eat
polvorons. Based on the question 1, it proves that polvoron is still well-known to the students.
Innovation of the Product
6%
YES
NO
94%
Figure 4
The graph shows the results of the respondents on the innovation of the product. Based
on the result of the survey, out of 50 respondents, 94% are willing to innovate a regular polvoron
into a new one while 6% of them are disagreed to innovate a regular polvoron.
7|Page
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
Flavors of Polvoron
18%
26%
CHOCOLAE
PINIPIG
C&C
10%
OTHERS
46%
Figure 5
The graph shows the results of the respondents preferred flavor of polvoron. Based on
the survey, out of 50 respondents, 46% preferred cookies & cream as the flavor of the polvoron,
26% wants chocolate flavor, 18% wants pinipig while the remaining 10% prefer other flavors
that are not listed on our survey questionnaire.
Vegetable as a flavor Polvoron
36%
YES
NO
64%
Figure 6
The pie graph shows the result of the survey. Based on the survey, out of 50 respondents,
36% agreed that they want to put some vegetables on a regular polvoron while 64% disagreed to
put vegetables on a regular polvoron.
8|Page
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
Prices they Prefered
4%
Php 5.00
24%
Php 8.00
54%
Php 10.00
Others
18%
Figure 7
The graph shows the result of the respondents preferred prices. Based on the survey, out
of 50 respondents 54% prefer Php 5.00 per piece of the polvoron, 24% agreed for Php 10.00,
18% agreed for Php 8.00 and 4% prefer other prices of the polvoron.
Preferred Quatity
30%
Per Piece
Per Box
70%
Figure 8
The graph shows the result of the respondents preferred packaging. Based on the survey,
out of 50 respondents, 70% agreed that they want the polvoron to be sold per piece while the
remaining 30% agreed that they want the polvoron to be sold per box.
9|Page
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
Figure 9
The graph shows the result of the respondent perception towards packaging. Based on the
survey, out of 50 respondents 86% is concerned that packaging matters in terms of buying the
product while 14% are not concerned.
Figure 10
The graph shows the result of the respondents preferred packaging. Based on the survey,
out of 50 respondents 38% prefer to put polvoron in a plastic, 32% wants to put polvoron on a
cellophane, 28% wants to put it in a box and the remaining 2% wants to put polvoron on other
types of packaging.
10 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
Features of Polvoron
2%
PLAIN
42%
CHOCOLATE COATED
56%
OTHERS
The
graph
Figure 11
shows
the
result
of
the respondents preferred features of polvoron. Based on the survey, out of 50 respondents 56%
prefer polvoron to be ordinary/plain, 42% prefer polvoron to be chocolate coated and the 2%
prefer other kind of polvoron.
Figure 12
The graph shows the respondents willingness to buy the product. Based on the survey,
out of 50 respondents, 90% would like to buy the product if it is available today, 4% does not
like to buy the product if it is available today and 6% has no response.
11 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
IV. BUSINESS DESCRIPTION
Product Description
As a beginner in the business world, Polvoron Delight is about to introduce a new
concept of polvoron made in the Philippines. Polvoron Delight is far more different from the
other traditional polvoron that we have tasted. We transform the usual polvoron into a catchy and
healthier one that has a big impact on the millennials as well as the kids. For that, the owners had
chosen to produce a product that will help improve their health condition. Like what the study
has said, eating sweets may decrease the production of the stress-related hormone glucocorticoid
which has been linked to obesity and decreased immune response. Polvoron Delight products
contain vegetables as the main ingredients and coated in a chocolate dip to make it more
attractive to the eyes of the consumers. Lastly, the vegetable content is nutritious because it gives
an important source of many nutrients including potassium, dietary fiber, folate, and vitamin A
and vitamin C. Eating foods with vegetable content reduced risk of some chronic diseases. And
as for packaging, the proponents choose to make it per piece which the form of packaging is also
differs to the ordinary packaging of polvoron we choose to put it to a small size of box wherein
the food is safe and properly sealed
Benefits are overflowing from this product. Like what have stated in the first paragraph
both vegetables and chocolates have good content to improve the health of a consumer. In
addition, chocolates and vegetables have both antioxidants which it can reduce the illness and
chronic diseases. Lastly, they have both contents of vitamin A benefits that are wide-reaching
and have the influential role in brain function, skin, heart, lungs, vision, and immune system
health that is why chocolates and vegetable can boost our brain power.
Equipment and Materials
Measuring Cups and Spoon
Pan
Whisk
Molder
Bowl
Tray
Blender
Used to measure the amount of ingredients
either liquid or solid.
Used to cook and mixed the all-purpose flour
together with other ingredients.
Used to mixed and stir liquid ingredients.
Used to mold the Polvoron.
Used as a container where the Polvoron dip
into the melted chocolate.
Used as a flat container of Polvoron when it
undergoes the cooling process.
Used to blend specific vegetables which use as
the fillings.
Personnel Requirement
To be able to consider as a Polvoron Delight maker, you must first pass the qualifications
12 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
that the company requires. A Polvoron Delight maker must be passionate and hardworking. The
business doesn’t accept an employee does not have an interest in his /her given task to the
company and also to have an ability to listen to the suggestions of his/her co-employees.
Creativity is the best way to improve our product; he/ she must be punctual and responsible for
his / her time. They have must come to their workplace on time; also they must accomplish all
the task given to them. The business is expecting to have a proper organization inside the
company that’s why they look forward to their employees being neat and presentable when it
comes to the production since Polvoron is a pastry that needs neat and presentable workers and
materials needed to clean and organize for the ease of their work.
V. ORGANIZATIONAL PLAN
13 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
Forms of Business Organization
Polvoron Delight is a partnership type of business organization. This is composed of 8
members who are binding themselves to contribute money and industry into the common fund.
This kind of business is easier to establish and requires a lot of manpower in order to run this
business effectively and efficiently. This business does not require a lot of funds for the
ingredients are affordable. And those people who work for this business, the profits and losses
are equally distributed to one another.
Liability of the Owner
It is an unlimited liability, in terms of business liquidation the creditors of Polvoron
Delight can go after the personal assets of the owners like house and place settle the obligation,
but if it is not enough for the assets of the owners they can help Polvoron Delight to avoid losses
and them can serve as a back-up plan, while in limited liability has a big advantage because
creditors are not allowed to go after their personal assets so they can get the whole profit in their
business.
Unlimited Liability
Andrea P. Orozco
Limited Liability
Mikaella Reyes
Heide Omanito
Chero Delacruz
Louise Dominique Simbahan
JulliaLibrada
Ma Christina Poserio
Desserie Hernandez
Organization Structure
14 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
Ms. Mikaella Reyes
Manager
Ms.
Ms. CheroDela
CheroDela Cruz
Cruz
Ms.
Ms. Andrea
Andrea Orozco
Orozco
Finance
Finance
Production
Production Head
Head
Ms. Louise Simbahan
Purchasing Agent
Ms.
Ms. Heide
Heide Omanito
Omanito
Sales
Sales Head
Head
Ms.
Ms. Desserie
Desserie Hernandez
Hernandez
Ms.
Ms. Jullia
Jullia Librada
Librada
Production
Production Staff
Staff
Ms.
Ms. Christina
Christina Poserio
Poserio
ProductionStafff
ProductionStafff
Sales
Sales Officer
Officer
These eight (8) persons are the owner of Polvoron Delight. The position of each owner is
based on their specialization with a related skilled performance by a common goal. The aim of
the organization is to achieve its mission and vision. Everyone has their own task and they must
perform it precisely. Their responsibility is to maintain a good relationship with each other,
especially on their supplier and customer.
Roles of the Owners
Manager
Managers are the people in charge of employees and the facilities they work for. As a
manager, her job is to plan and promote the daily schedule, business transaction and coordinate
employees, create and maintain budgets of Polvoron Delight. The manager is also entitled to
denote an employee who has certain duties and responsibilities to lead functions or departments
and employees.
Finance Head
The finance officer is responsible for the financial health of an organization. They
produce financial reports, direct investment activities, and develop strategies and plans for the
15 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
long-term financial goals of their organization. Also, control the overall budget, cost and fund
of the business.
Production Head
Production managers ensure that manufacturing processes run reliably and efficiently.
Responsibilities of the job includeplanning and organizing production schedules, assessing
project and resource requirements.Estimating, negotiating and agreeing on budgets and
timescales with clients and managers.
Production Staffs
Production staffs are professionals who work on a production line in a manufacturing
environment and perform a variety of duties to ensure production goals are met for an
organization. And responsible for the negotiation of their suppliers, the one who will buy raw
materials needed in producing the products.
Purchasing Agent
Obtains purchased items by forwarding orders to suppliers; monitoring and expediting
orders. Verifies receipt of items by comparing items received to items ordered; resolves
shipments in error with suppliers, authorizes payment for purchases by forwarding receiving
documentation.
Sales Clerk/ Sales Head
Internet marketing, online advertising sales agents, sell online advertising space and
opportunities to businesses, organizations and individual clients.
Proposed Salary
The proposed salary of the business will be based on the day they are working. The
management will utilize the income in every aspect of the business in order for it to operate. The
management proposed salary for the eight proponents will be 150 per day which they are equally
designated to work in two hours for 5 days. For its first month, the management decide that the
dividends will be distributed equally to its eight proponents.
VI. PRODUCTION PLAN
Production Schedule
16 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
The Polvoron Delight will require a total of (8) eight employees during its first year.
These are the employees they will need: (1) Manager, (1) Finance Head, (1) Production
Head, (2) Production Staff, (1) Sales Head, (1) Sales Officer, (1) Purchasing Agent.
Manager
1
Finance Head
1
Production Head
1
Production Staff
2
Sales Head
1
Sales Officer
1
Purchasing Agent
1
Total
8
Position
Manager
Sunday
Vacant
Monday
Times
Tuesday
Times
Wednesday
Times Varies
Thursday
Times
Friday
Times
Saturday
10:00 am-
Finance
Vacant
Varies
3:30 pm-
Varies
3:30 pm-
3:30 pm- 5:30
Varies
3:30 pm-
Varies
3:30 pm-
12:00 pm
10:00 am-
Head
Production
1:00 pm-
5:30 pm
3:30 pm-
5:30 pm
3:30 pm-
pm
3:30 pm- 5:30
5:30 pm
3:30 pm-
5:30 pm
Vacant
12:00 pm
10:00 am-
Head
Production
3:00 pm
1:00 pm-
5:30 pm
3:30 pm-
5:30 pm
3:30 pm-
pm
4:00 pm- 6:00
5:30 pm
3:30 pm-
Vacant
12:00 pm
10:00 am-
Staff
Sales Officer
3:00 pm
Vacant
5:30 pm
3:10 pm-
5:30 pm
10:00 am-
pm
3:10 pm- 4:30
5:30 pm
10:00 am-
3:10 pm-
12:00 pm
10:00 am-
4:30 pm
10:30 am
pm
10:30 am
4:30 pm
12:00 pm
12:30 pmSales
Vacant
Head
12:30 pm-
10:00 am-
1:10 pm
3:10 pm-
10:00 am-
1:10 pm
3:10 pm-
10:00 am-
10:00 am-
10:30 am
4:30 pm
10:30 am
4:30 pm
10:30 am
12:00 pm
12:30 pm-
12:30 pm-
12:30 pm-
1:10 pm
1:10 pm
1:10 pm
Purchasing
6:00 am-
3:10 pm- 4:00
10:00 am-
Agent
7:00 am
pm
12:00 pm
Production Process
Polvoron Delight
Ingredients:
2 cups of flour
1 cup powdered milk
¾ cup of sugar
½ cup butter (melted)
2 pcs of ripe mango
1 pc mango
17 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
Procedure:
1. In a frying pan over pan medium heat add flour and toast it until become lightly brown.
2. Remove the pan from heat allows cooling.
3. In a bowl, mix together the toasted flour, powdered milk, and sugar until well-combined.
4. Add butter and continue mixing again until it became firmly powdered.
5. Transfer the mixture to a flat tray and using the polvoron molder, shape it. Make sure that
the mold is compact as possible
6.
Arrange it in a plate and freeze it until firm for about 15-30 minutes
7.
Wrap it individually in cellophane or your chosen packaging.
18 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
For the mango flavor
1. In a blender, add the ripe mango and blend it until it became mince.
2. Remove it from the blender
3. Add it to the polvoron mixture and mix it again until.
For the carrot flavor
1. In a blender, add the chopped carrot and blend it until it became a coarsely ground.
2. Remove it to the blender.
3. Add it to the polvoron mixture and mix it again until it became well-combined.
Equipment Required
Equipment/ Materials
Functions
Measuring Cups and Spoon

Used to measure the amount of
ingredients either liquid or solid.
Pan

Used to cook and mixed the all-purpose
flour together with other ingredients.
Whisk

Used to mixed and stir liquid
ingredients.
Molder

Used to mold the Polvoron.
Bowl

Used as a container where the
polvorondip into the melted chocolate.
19 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
Tray

Used as a flat container of polvoron
when it undergoes the cooling process.
Blender

Used to blend specific vegetables which
use as the fillings.
Source of Materials
The source of materials will be the Balagtas Public Market since it is convenient for us
because it is near to our houses. The source of materials has the affordability and at the same
time the quality that will enable the firm to create a product that will reach the satisfaction of the
customers. We buy a material which is affordable yet have a high quality so that we can sell it at
an affordable price too.
Estimated Production Cost
Production Cost (4 Flavors)
Items
Flour
Sugar
Unit/Cost
P22/Half kilo
P13/ 1/4kilo
Quantity
Daily
Week
Monthly
Yearly
(2) 1kilo
Cost
44
Cost
220
Cost
880
Cost
10560
(2) kilo
26
130
520
6240
(1) 1/4kilo
22
110
440
5280
Pinipig
P22/ 1/4kilo
Butter
48 /1pack
1pack
48
240
960
11520
Milk
P50/150g
4
200
1000
4000
48000
P200(4Flavors)
1
200
1000
4000
48000
P7
4
28
140
560
6720
48 (8pcs.)
1
48
240
960
11520
616
3080
12320
147840
Flavors
Cellophane
Sticker
Total Purchase Cost
Mark-up = 80%
20 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
Php 616 /224pcs= 2.75 (Price per Quantity)
Php 2.75x80% (mark-up rate) = 2.2 (Mark-up amount)
2.75 +2.2= 4.95; Php 5.00
Production
Sales Revenue
Per day
Per Month (x 20
Per Year (x 40 days)
224 pieces
Php 1,120
days)
4480 pieces
Php 22,400
53760 pieces
Php 268,800
VII. OPERATION PLAN
Evaluation of Suppliers
The suppliers must attain the following:





Competency
Capability
Cost
Consistency
Commitment
Polvoron Delight will assess their suppliers to measure the following orders on how will
21 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
they sell and rendered products and services to people. The company will thoroughly scan and
evaluate its performance especially in the price of the raw material. On what manner they come
up on their pricing inclined in the quality and standard of products. Also, the reason for this is to
avoid mismatches between the needs and the supplier's offerings which can add production cost,
delays that can gap its relationship towards their customers.
The supplier of the raw materials and packaging is, particularly the Balagtas Public
Market, this will be temporary as we seek for a supplier where we can buy all of the materials
needed for the production of the product and which we can avail discounts.
Purchase Procedure
Purchase Requisition is a formal request initiated by the production department for the
purchase of specific items. The requisitions specify what kind of materials is desired, how much,
when and where the materials have to be delivered. After receiving the purchasing requisition,
the purchasing agent has to find the best source to purchase the material from. Selection of a
particular supplier is made after inviting quotations from possible sources of supply. Placement
of an order depends on suitable quotations. After proper selection, orders are placed on printed
forms. The purchasing agent should perform the function of unloading and receive of materials
dispatched by the suppliers. At this stage, the invoice has to be checked with the order. Any
discrepancy is reported immediately. A similar comparison is made when the goods actually
arrive. It has to verify the quantity and condition of materials. When the invoices are received
from the supplier, they are sent for verification. After the verification, the purchasing agent
requests the finance head to make the payment to the supplier. Payment will be made according
to the terms specified in the contract.
22 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
Storage and Inventory Control
This is about how the company is going to monitor and control the inventory. Since the
business doesn't have any physical store and large inventory and warehouse, the business will
store their inventory in the house of the owner where the production takes place.
 Upon receiving the raw materials from the supplier our production department will check
the purchases to ensure the correct items have been sent. This is to ensure that the food
and supplies delivered match on the established quality and quantity specifications.
 After that, they will immediately transfer goods to the appropriate storage. As the study
said pla cing products in storage will maintain product quality and safety.
 Spoilage of products was caused of improper product rotation, time abuse, temperature
abuse. To avoid all of this the management will guarantee that the materials required are
exact to the quantity needed in producing the product. The not refrigerated materials it is
being placed on a close and secure container and must be labeled.
 Lastly, the business will reassure that the people who will take in charge on this control
will be knowledgeable enough and well-trained by the seminars provided by the
organization.
23 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
Sales Procedure
24 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
VIII. MARKETING PLAN
Product
Our product is Polvoron with a new taste and appearance that will be catchy for our
customers because of the innovation of the old Polvoron that they have known. This Polvoron is
a healthy one because the favor of it is fruits and vegetables like mango, carrot, and malunggay
as they blend to its chocolate coated. This product helps to boost the energy and fed up. Overall
our product is a very unique, healthy, and affordable for our customers.
Price
The price per piece of Polvoron will be five (5) pesos in various flavors. Based on the
computation that the business made, the amount that they get on their costing is two (2) pesos.
For the markup, the firm decided to put 80% (Php3.00) increment to the cost price. The total
selling price per Polvoron will be Php5.00.
Place
The Polvoron Delight is a manufacturing type of business they choose the Jesus is Lord
Colleges Foundation to supply their product as their large targeted customers particularly the
students are located at this place. The product will be distributed to the high school and senior
high school canteen and they are the ones who will sell to the consumer. Also, the business will
allow meetups within the premises of the school, Bocaue, and Balagtas only for our online
customer. For bulk order which is outside Bulacan they offer shipping services to deliver the
products.
Promotion
In promoting the Polvoron the owners will use social media to promote and advertise the
products. They use this marketing strategy since it's a big help for the business to easily notice
the product and gain customers concerning that the usage of the internet is astonishingly
increasing. On their social media page, they will put all the important and relevant information
regarding the product and business, including in their fillers that they're going to give to the
student of JILCF. Another, the business will use word of mouth referral because it is one of the
easiest and effective advertisements in the industry. These happen when the students who tasted
our product they can use their voice to tell or recommend to others our product which is
delicious, affordable and healthier one.
People
Employees and workers required to have a long patience in their work to accommodate
the customers properly. Employees must be wearing a hairnet and face mask to avoid dirt on the
product and for the product to be clean and neat. Obedience and Respect is also a key for the
business as every employee must know how to obey the rules given and respect each other.
Responsibility, being responsible is not easy but if you are passionate at your work, you can do
your task properly. Employees should have a vision and passion for the company in order for
25 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
them to do their work happy and deeply. In an organization, mistakes are cannot be avoidable
that's why every employee must be accountable for every mistake they're doing.
Packaging
The packaging of the product will be at a different kind of cellophane according to what
flavor it is. The proponents choose it to be simpler so that it will not require a huge budget when
it comes to packaging, also cellophane are easy to open and it is made up of light materials. For
bulk orders, it will be placed in a customized box to maintain its safeties and quality.
Positioning
Polvoron is an original Filipino pastry which can give a healthier kind of products with
affordable prices preferring delightful experiences
26 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
IX. FINANCIAL PLAN
Major Assumptions






The business can produce 53 760 pcs of Polvoron in a year in which the company will
able to sell 53000 pcs of Polvoron for the whole year.
The company estimated total revenues for the one-year is (153 060 × Php5.00) Php265
000.
The company has no rent expense.
The equipment used for the production will be provided temporary of the owners for the
one year implementation of the business.
The advertising expense is not yet obligation of the company terms, the owners agree that
the materials needed are provided of them.
The utensils that are going to use by the company will be (Php 30.00 × 6 months) Php
180.00. The only utensils of the company use for the production are the molder every 2
months they will change the molder to make the product is safe from any contamination.
The management will consider it as other expense of the company. The cost of 1pc of
molder is Php30.00
Projected Income
300000
250000
200000
Projected Income
150000
100000
50000
2019
2020
2021
2022
The projected income for the business in the first 4 years of its business cycle, we project
that the income will increase 10% per year because our product can be known and tested by
many people as the year past. Therefore, the proponents predict that the income by the year 2022
can reach approximately Php 234, 791.
27 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
Polvoron Delight
Statement of Comprehensive Income
For the Year Ended December 31, 2019
Revenue
Sales Revenue
Less: Cost of Goods Sold
Purchase
Cost of Goods Sales
Ending Inventory
Cost of Goods Sold
Gross Profit
Expense
Other Expense
P265,000.00
147,840.00
147,840.00
(2,090.00)
(145,750.00)
P119,250.00
180.00
Total Expense
Net Income
(180.00)
P119,070.00
Polvoron Delight
Statement of Owner’s Equity
For the Year Ended December 31, 2019
Beginning Capital
Profit
Ending Capital
Owners, Capital
4,000
119,070
Php 123,070
Total Capital
4,000
119,070
Php 123, 070
We decide that the capital of the Polvoron Delight was equally divided to the owners.
APPENDIX
Figure 11
https://www.pinterest.ph/marianeantonio/polvoron/?lp=true
https://prezi.com/xtxawjudoa2a/i-executive-summary/
https://www.spot.ph/eatdrink/the-latest-eat-drink/48927/top-10-polvoron-in-manila
28 | P a g e
Entrepreneurship 2018
Jesus Is Lord Colleges Foundation, Inc.
29 | P a g e
Entrepreneurship 2018