6 Run a small Plan Do Check Act cycle to test the performance measurement systems previously identified and make any necessary changes Write short diary to document the process and include The steps that were taken The outcome of the cycle Any changes that were made Attach your diary to your workbook Business Plan Cakes in tubs Flavors include Chocolate Yema Cheese Cupcakes Mango Float Organizational or legislative frameworks General Partnership In a general partnership, participants consent to accepting virtually limitless personal liability In contrast to, instance, a partnership organized as a limited liability partnership or a limited liability corporation, liabilities are not limited Partners are accountable for the debts, and an owner's assets may be seized Also, any partner might be held liable for the obligations of the company Conceptual Business Mode l A visual model made out of concept definitions is a conceptual model The conceptual model makes reference to enhancing interpersonal communication and defining corporate language The conceptual model can be applied in a variety of contexts where business documentation is required Business requirements Barangay Clearance Mayor's Business Permit Bureau of Internal Revenue (BIR) registration of documents Social Security System Registration (SSS) PhilHealth Registration PagIbig Registration DTI Registration Market requirements Still, in the Philippines, the business must secure the mayor's permit, SEC registration, and DTI Permit Competitor information Significant Competitors in Koronadal City Sofia's cakes and pastries Bascon Cakes The Crookie, Calea, and Bob's Pricing information Product Price Mango Float 120 00 tub Chocolate Cake 150 00 tub Yema Cake 150 00 tub Cheese Cupcakes 80 00 Pack(5pieces) 15 00 Piece Business vision, mission, and values Vision To be the leading artisanal sweet shop in the city, gearing towards a local representation that will eventually lead to global competition through cakes, sweets, and authentic products Mission Continually reinvent customers' perception of cakes in tubs by adding an authentic touch through incorporating local flavors and introducing collaborations with other MSMEs Values Provide the best cakes in tubs to every customer, practice ethics in dealing with suppliers, and ensure to meet and exceed customer expectations SWOT analysis Strengths of the business This is a start up, therefore this business can avail of DTI programs on promotion through Go Lokal Program of the agency, the business can also participate in pop up booths in malls in the city for market penetration and product promotion Weaknesses of the business There is no physical space yet since this will be a home based start up business Market penetration and product promotion concerns due to strong competition Opportunities for the business Pop up booths in malls available programs from DTI for MSME development Free seminars and training for the entrepreneurs through the City Government and DTI Threats to the business Strong competition because of local pastry shops Competitors have already branched out in the city Identify business requirements Mayor's Permit, DTI Permit, and SEC Registration for a general partnership bank account for the business and partnership sanitary approval to operate from the City Government Identify human, physical, and financial resource requirements The capital for this business plan would be PHP 10,000 The partners will contribute EQUALLY (Take for instance, there will be four of you, each will contribute 2,500) home based kitchen area for manufacturing the cakes in tubs Pop up booths in malls and even in schools The online page for product promotion and posting Encourage others to contribute (In order for the partners to equally contribute for the benefit of the business, the following are business commandments to be followed) Profits and liabilities must share equally Members must be present at every meeting Each member has an assigned task and they must fulfill it There will be given quotas for each member and they must reach their quotas The profits and expenses must be recorded by the auditor The treasurer must be the one who is keeping the petty cash The Manager Auditor will be the one who deposits the money in the bank All members should help sell the products Description of the business Sugar, Spice Everything Nice is a manufacturing business This type of business produces the products and services from raw materials Products and services Chocolate Cake It has a chocolate moist cake, covered with chocolate icing and top with marshmallows and sprinkles Yemma Cake It has a moist chiffon cake covered with yema icing and sprinkled with cheese Cheese Cupcakes Moist cheese cupcakes on top with a cheese sprinkle Mango Float A graham filled with creamy mixed condensed milk, nestle cream, and ripe mango Top with sweet mango and graham powder The packaging of Yema Cakes, Chocolate Cakes, and Mango Floats will be on Sugar, Spice Everything Nice with the official logo sticker of Sugar, Spice Everything Nice accompanied by laces or ribbons While the cheese cupcakes will be in colorful wrappers for single purchases, but in cases in which customers will want to buy in cases, the business will be offering cheese cupcakes of 5's or 6's on a plastic dish with stickers and ribbon Financial, human, and physical resources Bank Account (financing) Human Resources (employees) Bakery utilities and equipment Relevant legislation The Magna Carta for Micro, Small and Medium Enterprises RA 9501 an Act to promote entrepreneurship in the Philippines by strengthening development and assistance programs to Micro, Small and Medium Scale Enterprises in the country The Ease of Doing Business Law RA 11032 This law aims to entice entrepreneurs to open up their businesses in the Philippines by expediting business and non business transactions including the issuances of permits and licenses and holding government officials accountable for graft and corruption This law is an amendment to the Anti Red Tape Act of 2007 Marketing Since this is a start up, the business can offer discounts to those who buy 5 tubs of chocolate cake and Yema cake Budgets From the capital of PHP 10,000 00, the business has a projected sales of PHP 25,500 by selling 50 tubs of Yema cake, chocolate cake, mango float, and 300 cheese cupcakes for the span of 10 weeks

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6. Run a small Plan-Do-Check-Act cycle to test the performance measurement systems previously identified and make any necessary changes. Write short diary to document the

6. Run a small Plan-Do-Check-Act cycle to test the performance measurement systems previously identified and make any necessary changes.

Write short diary to document the process and include:

The steps that were taken
The outcome of the cycle
Any changes that were made.

Attach your diary to your workbook.

Business Plan:

Cakes in tubs
Flavors include:
- Chocolate
- Yema
- Cheese Cupcakes
- Mango Float

Organizational or legislative frameworks:

General Partnership- In a general partnership, participants consent to accepting virtually limitless personal liability. In contrast to, instance, a partnership organized as a limited liability partnership or a limited liability corporation, liabilities are not limited. Partners are accountable for the debts, and an owner's assets may be seized. Also, any partner might be held liable for the obligations of the company.
Conceptual Business Model - A visual model made out of concept definitions is a conceptual model. The conceptual model makes reference to enhancing interpersonal communication and defining corporate language. The conceptual model can be applied in a variety of contexts where business documentation is required.

Business requirements

Barangay Clearance
Mayor's Business Permit
Bureau of Internal Revenue (BIR) registration of documents
Social Security System Registration (SSS)
PhilHealth Registration
PagIbig Registration
DTI Registration

Market requirements

Still, in the Philippines, the business must secure the mayor's permit, SEC registration, and DTI Permit.

Competitor information

Significant Competitors in Koronadal City:

Sofia's cakes and pastries.
Bascon Cakes.
The Crookie, Calea, and Bob's.

Pricing information

Product	Price
Mango Float	120.00/tub
Chocolate Cake	150.00/tub
Yema Cake	150.00/tub
Cheese Cupcakes	80.00/ Pack(5pieces) 15.00/ Piece

Business vision, mission, and values

Vision: To be the leading artisanal sweet shop in the city, gearing towards a local representation that will eventually lead to global competition through cakes, sweets, and authentic products.
Mission: Continually reinvent customers' perception of cakes in tubs by adding an authentic touch through incorporating local flavors and introducing collaborations with other MSMEs.
Values: Provide the best cakes in tubs to every customer, practice ethics in dealing with suppliers, and ensure to meet and exceed customer expectations.

SWOT analysis

Strengths of the business:

This is a start-up, therefore this business can avail of DTI programs on promotion through Go Lokal! Program" of the agency, the business can also participate in pop-up booths in malls in the city for market penetration and product promotion.

Weaknesses of the business

There is no physical space yet since this will be a home-based start-up business.
Market penetration and product promotion concerns due to strong competition

Opportunities for the business

Pop-up booths in malls.
available programs from DTI for MSME development.
Free seminars and training for the entrepreneurs through the City Government and DTI.

Threats to the business.

Strong competition because of local pastry shops.
Competitors have already branched out in the city.

Identify business requirements

Mayor's Permit, DTI Permit, and SEC Registration for a general partnership.
bank account for the business and partnership.
sanitary approval to operate from the City Government.

Identify human, physical, and financial resource requirements.

The capital for this business plan would be PHP 10,000.
The partners will contribute EQUALLY (Take for instance, there will be four of you, each will contribute 2,500).
home-based kitchen area for manufacturing the cakes in tubs.
Pop-up booths in malls and even in schools.
The online page for product promotion and posting.

Encourage others to contribute. (In order for the partners to equally contribute for the benefit of the business, the following are business commandments to be followed):

Profits and liabilities must share equally.
Members must be present at every meeting.
Each member has an assigned task and they must fulfill it.
There will be given quotas for each member and they must reach their quotas.
The profits and expenses must be recorded by the auditor.
The treasurer must be the one who is keeping the petty cash.
The Manager/Auditor will be the one who deposits the money in the bank.
All members should help sell the products.

Description of the business

Sugar, Spice & Everything Nice is a manufacturing business. This type of business produces the products and services from raw materials.

Products and services

Chocolate Cake - It has a chocolate moist cake, covered with chocolate icing and top with marshmallows and sprinkles.
Yemma Cake-It has a moist chiffon cake covered with yema icing and sprinkled with cheese.
Cheese Cupcakes-Moist cheese cupcakes on top with a cheese sprinkle.
Mango Float-A graham filled with creamy mixed condensed milk, nestle cream, and ripe mango. Top with sweet mango and graham powder.
The packaging of Yema Cakes, Chocolate Cakes, and Mango Floats will be on Sugar, Spice & Everything Nice with the official logo sticker of Sugar, Spice & Everything Nice accompanied by laces or ribbons. While the cheese cupcakes will be in colorful wrappers for single purchases, but in cases in which customers will want to buy in cases, the business will be offering cheese cupcakes of 5's or 6's on a plastic dish with stickers and ribbon.

Financial, human, and physical resources

Bank Account (financing)
Human Resources (employees)
Bakery utilities and equipment

Relevant legislation

The Magna Carta for Micro, Small and Medium Enterprises/RA 9501 -an Act to promote entrepreneurship in the Philippines by strengthening development and assistance programs to Micro, Small and Medium Scale Enterprises in the country.
The Ease of Doing Business Law/RA 11032-This law aims to entice entrepreneurs to open up their businesses in the Philippines by expediting business and non-business transactions including the issuances of permits and licenses and holding government officials accountable for graft and corruption. This law is an amendment to the Anti Red-Tape Act of 2007.

Marketing

Since this is a start-up, the business can offer discounts to those who buy 5 tubs of chocolate cake and Yema cake.

Budgets

From the capital of PHP 10,000.00, the business has a projected sales of PHP 25,500 by selling 50 tubs of Yema cake, chocolate cake, mango float, and 300 cheese cupcakes for the span of 10 weeks.