A Feasibility Study on Bambin. 6

Feasibility Study : (BSBA major in Human resource Management) - Pamantasan ng Lungsod ng Maynila, 2024. 56

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Executive Summary a. Business Description BamBin Eco-Solutions Manufacturing o9ers an innovative product which is a stylish mini trash bin that promotes environmental responsibility. It allows users to dispose of waste responsibly when public bins are not available. Targeting environmentally conscious individuals, it aligns with sustainable living trends. It encourages better waste disposal habits. Its design makes it a practical and fashionable accessory for individuals and retailers. Bambin's mission is for individuals to inspire responsible waste management and a cleaner environment. Its vision is to become a symbol of accountability and care for the planet. With portability, design, and eco-friendly materials, Bambin stands out as a convenient waste solution. It aims to shift habits around littering by o9ering an e9ortless way to dispose of waste. It empowers individuals to reduce their environmental impact on the go. Bambin targets retailers looking for products they can sell or use to generate additional income. It will be sold primarily on the retail market. It is priced a9ordably to ensure accessibility while maintaining profitability. It has a combination of style and function; it serves as both a waste disposal tool and a statement of environmental commitment. b. Market Analysis To make BamBin profitable, its target market includes retailers in Quiapo who cater to individuals 15 to 64 particularly those focused on sustainability. This audience values ecofriendly, a9ordable products that align with their commitment to reducing environmental impact. With bamboo's growing popularity as a renewable material, the bamboo market is expected to grow at a 5.7% annual rate from 2023 to 2030, creating a strong opportunity for BamBin. The estimated demand for BamBin's portable trash bins is 11.3 million units in 2025, increasing to 12.1 million by 2029. BamBin plan to capture at least 50% of this demand annually, aiming to produce and sell over 5.6 million units in 2025 and 6 million by 2029. With a first price of P130 per unit, adjusted for inflation, BamBin projects annual sales to grow from P738 million in 2025 to P789 million in 2029. BamBin's strengths include its use of sustainable materials, aesthetic design, and portability, though its compact size limits waste ability. Positioned as a leader in the eco-friendly market, BamBin leverages a9ordability and partnerships with retailers to expand its reach. Despite competition, the brand's strategic focus on sustainability and cost-e9ectiveness highlights its potential for profitability and growth. c. Marketing Feasibility BamBin aims to position itself as a leading eco-friendly solution for on-the-go waste disposal. By o9ering compact, stylish, and functional bamboo waste containers, the brand promotes responsible waste management among eco-conscious consumers. Its pricing strategy ensures a9ordability while maintaining profitability, making BamBin accessible to a broad market. To increase brand awareness among retailers, BamBin will emphasize its commitment to quality, sustainability, and eco-friendly innovation. By adhering to industry standards, the brand ensures product reliability and builds trust, positioning BamBin as a valuable addition to retail o9erings. d. Technical Feasibility The technical aspect details the overall process involving essential machinery, equipment, and supplies for product development. Production phase focuses on sourcing sustainable materials and designing user-friendly prototypes. Quality control measures are implemented to ensure both product durability and user satisfaction. The o9ice layout is designed to reflect the company's commitment to sustainability. e. Management Feasibility BamBin is a partnership focused on sustainable waste management. It aims to provide innovative, eco-friendly solutions through durable products. The company emphasizes environmental responsibility, innovation, quality, and customer satisfaction. It has a clear organizational structure with departments for operations, and human resources. The company has strict policies regarding quality control, inventory management, customer service, and environmental sustainability. It also adheres to labor standards, provides employee benefits, and follows a clear termination procedure. It covers personal requirements, organization structures, and legal compliance, under partnership structures with seven partners contributing capital and expertise, ensuring shared responsibility and risk. BamBin's financial policies emphasize budgeting, cost management, and profit reinvestment. The company is committed to long-term growth and sustainability, focusing on market expansion and infrastructure development. Bambin's personnel retain the essence of position, duties, requirements for the post, and suggested pay scale. This creates skilled and motivated work forces, defines clear chain command, and enhances decision making. This process is in accordance with business sustainable growth with product satisfaction, aligned industry and legal regulation requirements. f. Financial Feasibility The BamBin project will be financed primarily through personal investments from its seven partners, contributing a total of P665,000 to cover initial operational costs and capital expenses. This contribution demonstrates the partners' commitment to achieving financial stability and avoiding debt, allowing the business to focus on growth without incurring interest expenses. Through detailed financial analysis, the project shows strong potential in terms of profitability, liquidity, and asset utilization, ensuring it can meet short-term obligations and generate income e9ectively. The financial projections also highlight an anticipated increase in ROl, supported by a 10% annual sales growth and strategic cost management. Overall, the BamBin venture is expected to achieve solid financial performance, benefiting stakeholders and establishing a sustainable, long-term business foundation. g. Socio-Economic Feasibility BamBin business addresses waste management issues through eco-friendly and sustainable bamboo solutions. It boosts the Philippine economy by creating jobs and supporting local industries. BamBin enhances bamboo's market potential, contributing to sustainable development and green business promotion e9orts. Research and development improve product quality, ensuring market relevance and customer satisfaction. Retailers benefit from repeat sales due to high-quality, eco-conscious bamboo product demand. Locally produced BamBin supports economic growth, with potential to expand internationally through exports. Its innovative design showcases bamboo's environmental and practical benefits, aligning with consumer eco-conscious trends. BamBin promotes a greener future by encouraging mindful consumption and sustainable material usage.

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