APPLIED ECONOMICS BUSINESS
PROPOSAL
LMK Clothing Shop
Submitted by:
Ms. Ma. Lorane S. Rabanes Submitted to:
Ms. Kristyl Marie S. Rabanes Mrs. Sheryl T. Araula
Mr. June. Guivelondo
I. Table of contents
a. Introduction/ Company background
b. Vision Statements
c. A description of the goods or service to be offered
d. Target market of your product
e. Proposed location and reasons for the choice of this
location
f. Long-term objectives of the business
g. Estimated capital requirements
h. Sources of capital
i. Form of business organization: sole proprietorship,
Partnership, or Corporation
j. Suggested pricing for the product or service
k. Mode of promotion or advertising
l. Technical requirements: Machines, Building, Tools
needed
m. Socio economic impact: Positive effects of the Project
and negative effects of the project.
a. Introduction/ Company background
Bayawan City is a class municipality in the province of Negros Oriental. It is
known as a Bayawan Tulong. a province's center of rapid growth. This
industry employs a large number of people in this city. The clothing industry
is currently thriving.
Clothing is extremely popular today, particularly among teenagers. Our
current business plan is to open a clothing stall. This includes a variety of
stylish graphic shirts for men and women, tops, blouses, dresses, and pants
for both men and women. Because we are a physical store, we will sell our
products from a small area stall in Puregold Bayawan. Nowadays, everything
is in trendy clothes, making it a very popular business in Bayawan City.
b. Vision Statements
The championed' ambition is to spread their business throughout the
neighborhood. to provide customers with fashionable, high-quality clothing
at the most competitive price. Proponents must provide high-quality
products to consumers in order for the vision statement to be realized, and
proponents are eager to meet that requirement.
c. A description of the goods or service to be offered
Graphic t-shirts – A graphic t-shirt is a short-sleeve shirt that prominently
displays a designed element, such as a print or a logo.
• Tops: A top is a type of clothing that typically covers the chest but may
also cover other areas of the body. the majority of the upper body, from the
neck to the waist. a basis. Tops can vary in length from mid-thigh to mid-
torso depending on the style.
• Blouse: A woman's loose, collared blouse that mimics a shirt. buttoned
sleeves Girls and women wear one-piece dresses body-covering garments.
Legs are crossed as one lowers down.
• Dress: Dresses are one-piece outfits that cover the body and extend down
over the legs. Women and girls typically wear dresses.
• Pants: a covering outer garment
Service
Seal Wrapping – Every Product must be seal to our own made plastic bags.
Freebies- Every items sold will be having a freebie.
d. Target market of your product
One of the methods by which a business will be successful is by specifying
the potential distribution of the target consumer in the business project that
is being offered. Teenagers between the ages of 11 and 28 are the primary
target market for businesses, followed by young adults between the ages of
26 and 29 and adults over the age of 30, as these demographics are more
likely to be interested in these products. a few individuals for 40 years. In
addition, they provide a product that will boost consumer confidence in
addition to one that will help them earn a profit. The organization also
focuses on and tailor’s innovations and trends for millennials. The business
sells its goods to the general public, it identifies its target market to make it
more accessible.
e. Proposed location and reasons for the choice of this
location
The proposed location has to be in Brgy. Ubos, Puregold, near the Watsons
store in Bayawan City. The proponents chose this location because it is
suitable for their business and a small stall in ours. The location chosen by
the proponents is appealing to the buyers, who are students and others.
f. Long-term objectives of the business
The costs of starting a clothing store include product inventory, creating
promotional campaigns, and establishing a website. The LMK clothing store
is starting up with owner investments.
g.
Expenses
Rent 7, 000
Advertising 200
Permits 6,000
Supplies 7,500
Equipment’s 2,000
Load 100
Total Projected Expenses 22,800
Estimated capital requirements
Table 1
Cash on hand 18,000
Short-term loan 5,000
Total Projected Assets 23,000
Projected Expenses
Table 2
Projected Capital
Items Description Price Quantity Total
Graphic T- Pieces 180 10 1,800
shirts
Tops Pieces 170 5 850
Blouse Pieces 170 5 850
Dress Pieces 200 10 2,000
Pants Pieces 200 10 2,000
Total 7,500
h. Sources of capital
The total projected expense costs of 16,000 PHP will be covered by the owners, Ma.
Lorane S. Rabanes, Kristyl Marie S. Rabanes, and June Guivelondo, who invested
6,000 PHP each for their starting capital.
i. Form of business organization: sole proprietorship,
Partnership, or Corporation
LMK Clothing Shop is a privately held company. It is structured as a sole
proprietorship because it is simple to establish and has few requirements.
When it comes to legalities like business permits, taxes, and other aspects of
the business. The single proprietorship of clothing is made up of silent
partners whose role it is to help bring the project to life by providing
additional funds, with profits shared in a percentage on a pro-rata basis.
Head Manager
Ms. Ma. Lorane S. Rabanes
Cashier Production Manager
Ms. Kristyl Marie S. Rabanes Mr. June C. Guivelondo
j. Suggested pricing for the product or service
Table 3
Projected Price of the Products
Graphic T-shirts 220 each
Tops 210 each
Pants 210 each
Blouse 225 each
Dress 225 each
k. Mode of promotion or advertising
Because it is a physical business, the proponents used promotional
advertisements, posters, and social media platforms such as Facebook,
Instagram.
l. Technical requirements: Machines, Building, Tools
needed
Technical factors examine what we require in order to offer our product in
our business, these are the equipment’s and device which is extremely
beneficial to a business.
Tables
Chairs
Calculator
Cellphone
Table clothes
Wrapping bags
m. Socio economic impact: Positive effects of the Project
and negative effects of the project
Positive effects of Physical Business
Customer service: When shopping, customers often value the advice of
sales associates.
Product clarity: Customers can touch and see products in person,
resulting in less confusion or dissatisfaction with purchases.
Adaptability: Physical stores can sell large, complex, and expensive
goods as well as small, straightforward, and inexpensive items.
No shipping: Customers save money on shipping and can take their
products home right away.
Returns are easier and faster in physical stores.
Negative effects of Physical Business
Physical stores have higher operating expenses, such as employee
salaries, rent, utilities, and transaction fees.
Customers must travel to locations, which can be time-consuming and
less appealing than shopping online.
Physical stores have limited space; businesses can only offer a limited
number of products.
Customers may find physical retail stores' hours or locations
inconvenient.
