A.)Name and address of the Business
The Group decides that this Business will call its venture as “Blue bag”. It catches the attention of the Consumer and it will easily to remember and recall the brand and the product itself. It is a Bag that is created and made for the consumers’ desires and wants. So in short it is more on customized bag; however it is different from other customized bag because Blue Bag will depend on the materials that are to be used.
It will be located at a commercial space or building located in near Robinsons Cybergate J.P laurel Bajada Davao City. Most entrepreneurs put up their Business in this area because it is near to school, Malls and Subdivision where most of people are students, teenagers and young at heart usually live or make some shopping. Another reason for the place is that, since it is near business establishments there is a great chance that passers-by will see the visibility of the boutique with its product inside and get curious what is the product is all about.
B.)Name and Address
The Entrepreneur of this Venture and Their Addresses are the following
Andrade, Richard B. #127 Narra st. Phase 5 Hillside Subd Davao City
Plasabas, Emanuelle Purok 2 Brgy. San Vicente, Panabo City Davao del Norte
Earl Nicolle SidenoB.O. Obrero, Lacson St. Davao City
Jan Harvy Jugar#46-B Belen Rd. Brgy. Vicente Hizon Davao City
Charles Eduard Xu#1708 Tawi tawi St. West Insular Village, Lanang, Davao City
C.)Nature of the Business
Blue Bag is a partnership type of Business venture it is compose of five owners. . The business operates by producing its own product which consists of materials like cloth, sewing equipments and supplies, and design materials for customization. The operation includes distributing its good to its consumer door-to-door basis and also direct selling from the store receiving orders though person appointment or e-mail
D.)Statement of Financing needs
To start with the business the partners will need P260, 000 worth of capital to cover up all expenses, which means each of us will contribute P52,000 so that we can come up a total of P260,000 for the capital of the Business. The expenses include the least of the space with 2 months deposit and 1 month advance. Other expenses including the electricity, water, telephone and internet bills, office furniture like tables, chairs and air conditioner and equipment like sewing machine and other sewing materials.
E.)Statement of confidentiality report
To keep the confidentiality of the business, the confidential report or the secrets that are only within the owners should be kept only by the five owners and to tell to others only should be kept also in the four corners of the business office. Example of these are the name of the suppliers, the cloth that the business used, the amount of the capital, the income of the business and other important matters that are confidential are should be kept in private place.
Each partner is required to sign a contract of confidentiality, to prevent them from squealing any secrets of the business. The contract will also state the consequences that a partner will face if and when he violates this agreement. The agreed partner shall clearly understand all the statements in the contract.
This business venture of producing and selling bag “Blue bag” not only the name that catches the attention of the consumer but it focuses more on the feature of the bag and its real purpose which is with in the wants and the desire of the consumers. And also the bag has its purpose because it describes the consumer.
The idea of the group is to produce a product that is unique to the other bag that is now on the stores and we make that bag new to the local market and even in the nationwide market. This bag is not similar to other bag that most of the people uses. Even if the bag has its...