ASCOT Library Zabali Campus

Bachelor of Science in Hospitality Management

Abstract:

Proposed name of the business
The proposed name of business is " Banana Ubod Chips". The researchers came up with the name of this business not only to create a unique product, but also to introduce the idea that the banana ubod can be useful material for making snacks.

Mission
To consistently produce high-quality banana ubod chips that delight our customers with crispiness and nutritious snacks while adhering to sustainable and ethical practices in sourcing and production.

Vision
To become leading provider in the production and distribution of unique and high-quality banana ubod chips and other ubod-related products globally by 2028.

Goals and objectives
-To produce unique chips that made in banana ubod
-to produce a good quality products that are safely and cleanly processed.
-To introduce banana ubod chips to target customer.
-Export banana ubod chips to other countries.
-To increase profit by 5% yearly.

Business Description
The business offers a banana ubod chips, a snacks that are not only delicious but also a healthy snack. These chips are made from thin slices of banana ubod that have been deep fried and flavored with cheese, spicy and barbecue. The type of business organization is sole proprietorship. A business is owned by one person, and the owner is in charge of the day-to-day operations. Sole proprietorship is own all of the business assets as well as its profits. The owner is also fully responsible for any liabilities or debts incurred by the business. Starting a business requires only three employees.

The business is focused on tasty and healthy in making snack that made from banana ubod. The product will be available and distributed to retail store and pasalubong center in Maria, Baler and Dipaculao.

Address of the business
The business is located at Barangay Lobbot, Dipaculao, Aurora

Name of the owner
Jaydell V. Quiben (Business owner). Plan to organize day-to-day operations of the business. Bachelors degree in Hospitality Management.

Funding requirements and source
Funding needed for the proposed project will come from a bank loan amounting to Php 100,000.00

Wealth improvement approaches
This section of the executive summary describes the wealth improvement approaches that will be taken by the business in order to:
1. Maintain a competitive advantage,
-To maintain a competitive advantage, the quality of the banana ubod chips must be maintained. Quality control is essential for ensuring client satisfaction.
-The business offer a affordable price because customers will choose a lower price over a higher priced item that they perceive to be of comparable value. Charging low prices and offers them a reason to choose banana ubod chips over product of the competitors.

2. Position the business in the market
-Banana ubod chips positioned as a snack that can be eaten anytime of the day foe people to enjoy. It is delicious low calorie snack that give benefits. Banana ubod chips are made of thin slices of banana ubod that are fried and come in three flavors of cheese, spicy and barbecue.

3. improve the market share, and
- Build customer relationships to earn their loyalty. This is a great strategy for increasing market share. Fostering customer loyalty thus helps to retain and attract new customers, resulting in gains in market share.

4. Maximize the utilization of resources
-The business focuses on how much time the employee spends on their tasks. there are many ways to measure resource utilization but the simplest and most common way is by taking the actual number of hours worked by a resource. The process needs to be kept on time and on budget. If any tasks had a problem with the production of the product . The owner will ensure balanced use so that resources are not wasted and allocate resources based on availability and need.