I.
PROJECT SUMMARRY
Introduction to Feasibility Study
A feasibility study is becoming necessary as project management gains
popularity. Though generally focused on proposed business initiatives, feasibility
studies can be applied in a variety of contexts. An establishment or store in a
company that has a business idea should first carry out a feasibility study to
ascertain the idea's potential before moving forward with the business's
development. Time and money can be saved by figuring out early on whether the
idea won't work. To put it succinctly, it is the start of any project or plan.
Feasibility analysis is also used to determine the realistic view that
guarantees the technical, legal, and financial viability of a project. It acts as a
guide to determine whether a project is worth the money and risk. In some
cases, a business idea may not be practical in particular circumstances because
of increased operating and investment costs. Taking on an unprofitable project
could result in costs greater than profits for the company.
A feasibility study is conducted to determine the project’s chances of
success. When doing so, a practical concept must be taken into account. Given
that the planned firm can only succeed if the product is technically feasible, there
are various approaches to dealing with the potential. It basically means weighing
all relevant elements while determining if a project is viable. Taking action and
exerting effort to realize the aforementioned business idea.
Name of Enterprise
The bio-organic fertilizer store was named ‘Green Growth’ which rooted in
ecological health. ‘Green’ symbolizes environmental sustainability and eco-
friendliness, emphasizing the commitment to environmentally responsible
practices and products. ‘Growth' signifies the company's aim to enhance plant
growth and agricultural productivity while also highlighting its own potential for
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expansion and development in the industry. And also, the term ‘Bio-Organic’
symbolizes a type of fertilizer that is derived from organic materials and is
designed to enhance soil fertility and plant growth through natural and biological
processes.
The name ‘Green Growth’ was coined during a brainstorming session
where our group of entrepreneurs looked to determine a name that would
complement a product aimed at making a commercial product that has been
underutilized and under marketed.
Location
Figure 1. Location Map
The Green Growth Bio-organic store is located in Malano, Magsaysay,
Davao del Sur. The location was chosen for its proximity to environmentally
conscious farmers and gardeners, as well as its reputation as a hub for
sustainable practices and organic agriculture. Also, the area is a convenient
location for customers because it is besides the highway.
Descriptive Definition of the Project
Green Growth is a bio-organic fertilizer that sells high-quality and branded
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natural agricultural product with a total investment of ₱770,000. Green Growth
aims to set itself apart by establishing a strong reputation for guaranteed
sanitation throughout the entire production process, from cultivation to selling
and delivery services. Our commitment is to ensure that our products are
available in the market. Through these, we believe that our project is worth
establishing because our target customers is around Municipality Magsaysay as
the majority of residents are farmers and gardeners who use bio-organic
fertilizer.
Furthermore, Green Growth's impact extends beyond local communities
to benefit in society as a whole by generating employment opportunities. The
operation of the project necessitates a workforce, contributing to job creation and
subsequently increasing local taxation. The growth of the venture serves as an
inspiration for other entrepreneurs, fostering a spirit of innovation and economic
development within the community. Additionally, the project not only aids the
government but also stimulates local spending; further enhancing the economic
prosperity of the community it serves.
Highlights of the Project
History
The development of bio-organic fertilizers can be traced back to the
recognition of the importance of natural processes in soil fertility. Historically,
traditional agricultural practices relied on organic materials such as manure,
compost, and crop residues to enhance soil fertility. These materials contained a
variety of essential nutrients that were slowly released into the soil as they
decomposed. Over time, farmers observed the positive effects of using these
organic materials on crop yields and soil health. The shift towards understanding
and utilizing organic fertilizers can be seen as a response to the need for
sustainable and environmentally friendly agricultural practices.
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As awareness of environmental issues and the impact of conventional
farming practices grew, the demand for bio-organic products and sustainable
agriculture increased. This led to further research and development in the field of
bio-organic fertilizers, with scientists and farmers collaborating to refine and
optimize formulations. Today, the Green Growth movement gained momentum,
inspired by these early advocates who sought alternatives that not only
nourished crops but also safeguarded the environment. The bio-organic fertilizer
industry continues to thrive as a vital component of sustainable agriculture, with
ongoing research and innovations contributing to its growth and efficacy.
Project Timetable and Status
Nov. Dec. Jan. Feb. March April May June
(2023) (2024)
Feasibility
Study
Completion
of Legal
Requirements
Advertising
Construction
of Business
Place
Purchasing
Equipments
Products and
Supplies
Hiring of
Employees
Start of
Operation
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Table 1.Project Timetable and Status
Nature of the Industry
The bio-organic fertilizer industry plays a vital role in modern agriculture
by providing sustainable and eco-friendly alternatives to chemical fertilizers. Bio-
organic fertilizers are derived from natural sources, such as compost, manure,
and plant materials and they enrich the soil with essential nutrients while
improving its overall quality. The product lines within the bio-organic fertilizer
industry are diverse, offering solutions tailored to the specific needs of
sustainable agriculture. One prominent category includes nutrient-rich compost
formulations derived from organic materials such as plant residues, food waste,
and animal manure. These compost-based fertilizers contribute to soil fertility
and structure while minimizing reliance on synthetic additives. Another essential
product line involves bio-organic blends enriched with beneficial microorganisms,
such as mycorrhizal fungi and nitrogen-fixing bacteria, which enhance nutrient
absorption and promote overall soil health.
The demand for bio-organic fertilizers has been steadily increasing due to
growing awareness of the adverse effects of chemical fertilizers on the
environment and human health. This rise in demand is driven by consumers who
prefer organic produce and sustainable farming practices. The supply situation
has seen expansion as well, with more companies entering the market to meet
the demand. Historically, the bio-organic fertilizer industry can be traced back to
ancient agricultural practices, but it gained significant momentum during the
organic farming movement of the 20th century. The growth patterns in recent
years have been notable, with the industry experiencing double-digit growth rates
as it caters to the global shift towards more sustainable and organic agricultural
practices. The growth patterns in recent years have been notable, with the
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industry experiencing double-digit growth rates as it caters to the global shift
towards more sustainable and organic agricultural practices.
Despite its growth, the bio-organic fertilizer industry faces challenges such
as the limited availability of organic materials for production, high production
costs, and the need for better standardization and regulation. However, its
potential is significant, given the increasing emphasis on sustainable farming
practices and the rising demand for organic products. As the industry continues
to innovate and address these challenges, it is likely to play an increasingly
prominent role in the global economy, contributing to both agricultural
sustainability and economic growth by providing solutions that align with
environmental and health-conscious consumer preferences.
Mode of Financing
The Green Growth Bio-organic store will operate as a partnership, where
profits and losses are shared equally among the partners. It will be managed by
a group of seven owners known as partners, who will also bear responsibility for
any debts or obligations of the partnership. Each owner will hold a 20% share of
the business.
Partner’s Share Capital
Name Amount Contributed
Francis Earl R. Mahusay ₱110,000
Rubelene P. Suerte ₱110,000
Mariah Estela Lovino ₱110,000
Lenie Mae G. Bacalso ₱110,000
Vincent Ivan R. Alimento ₱110,000
Jerben A. Saranillo ₱110,000
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Harold Ivan G. Haricayos ₱110,000
TOTAL ₱770,000
Table 2. Partner’s Share Capital
Investment Cost
The pre-operation fund needed is about ₱770,000 in order to make the
project operational. This amount is intended to cover the expenses which are
stated in the table below.
Investment Costing
Annual Operational Cost
Rent or Mortgage Payments ₱7,000
Building and Facilities ₱185,260
Supplies Expense ₱4,990
Utilities ₱57,600
Marketing and Advertising Costs ₱20,000
Inventory Purchase or Production Costs ₱433,000
Salaries of Employees ₱3,500
(500 each)
Transportation Expense ₱27,650
Permits and Licenses ₱25,000
Maintenance Expense ₱6,000
TOTAL ₱770,000
Table 3. Annual Operational Cost
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Major Assumption
Market Feasibility
Many individual’s farmers and gardeners have a preference for bio-organic
fertilizers because of their natural ingredients that improve soil health, support
sustainable farming methods, and result in the growth of more nutritious crops
and plants. The market for this business definitely has a lot of potential. However,
there is some competition in the area from businesses that sell fertilizer indirectly,
which might reduce the number of potential customers. As for the growing trend
in bio-organic fertilizer usage suggests that starting with a small setup and later
expanding can lead to the establishment of a standard shop that resonates with
everyone in the community. The increasing awareness of the importance of bio-
organic fertilizers in Magsaysay has led to a rising demand, making the bio-
organic fertilizer business a promising venture.
As the majority of residents in the area are farmers and gardeners who
use bio-organic fertilizers, we came up to the idea of establishing a standard bio-
organic fertilizer store to meet the demand of the consumer. This business not
only aligns with the community's preferences for bio-organic solutions but also
contributes to sustainable agriculture practices and the overall well-being of local
crops and gardens. We are located in Malano, Magsaysay, Davao del Sur. The
area is a convenient location for customers because it is besides the highway.
As part of the proposed marketing program, effective management style and
effective advertisement methods such as word of mouth, social media and radios
will bring the business into competitive advantage.
Technical Feasibility
Green Growth Bio-Organic sells high-quality and premium organic
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fertilizers to meet the unique needs of farmers and growers in the Municipality of
Magsaysay, Davao del Sur that prioritizes environmental sustainability which also
contains with different health benefits of the plants and soil, and this will be
further discussed in the technical study of this project. The business will get all
the necessary through advanced bio-organic technologies in order to achieve the
desires to provide a better quality of bio-organic fertilizer which will contribute to
the wellness of all the consumers in Magsaysay, Davao del Sur. The distribution
strategy involves both wholesale and retail channels, ensuring accessibility for
large-scale farming operations as well as individuals farmers and gardeners.
Financial Feasibility
The business requires a substantial initial capital investment, particularly
for acquiring necessary products and goods. However, the projected financial
standing indicates a promising return on investment, ensuring the business's
profitability. The anticipated recovery of capital reinforces confidence in the
venture's viability. A future gain is allocated for further development and
expansion, fostering a sustainable growth for the eco-friendly agricultural
initiatives. In times of challenges, like inconsistent cash flow, the Green Growth
Bio-organic Fertilizer business should prioritize the development of a robust cash
flow forecast. This forecast should draw insights from historical performance and
current market conditions to anticipate financial fluctuations. Moreover, it should
factor in contingencies, including industry changes, economic downturns, and
potential shifts in customer preferences, ensuring the business remains resilient
in the face of external uncertainties.
Socio-economic Feasibility
The proposed project is beneficial to the community. It addresses a critical
need by generating additional employment opportunities. This not only reduces
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unemployment rates but also encourages people to stay in the local area,
fostering a stronger sense of community. Moreover, by diversifying and
innovating the local market, the project contributes to the economic vibrancy of
the region. The subsequent rise in local tax revenues ensures that financial
resources remain close to home, enabling the community to invest in essential
services and infrastructure. Additionally, during the establishment phase, the
project is likely to attract attention from the local government, potentially leading
to increased financial allocations and further development initiatives. This
positive feedback loop creates a win-win situation, enhancing the overall well-
being of the community and promoting sustained growth.
II. MARKET STUDY
Product/Service Description
Green Growth Bio-Organic is dedicated to providing premium organic
fertilizers to meet the unique needs of farmers and growers in the Municipality of
Magsaysay, Davao del Sur. Our agricultural product ranging from Soil
Conditioners, Fertilizers & Plant Vitamins, Insecticides, Fungicides, and
Herbicide. We strive for excellence in everything we do, from sourcing to
delivering the purest organic products. We aimed at providing different product of
bio-organic fertilizer to choose from;
Soil Conditioners
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Agrownica Plus It is a unique blend of botanical extracts derived from
various Chinese herbal plants that have been
documented in ancient books for its applications in
agriculture. It optimizes the ability of native microbes to
colonize hosts in their natural habitat, and allows
extensive development of mycorrhizae to maximize
nutrient availability to the hosts.
Natures Bio It’s stimulates the natural development and growth of
plants by increasing the chlorophyll production level.
Natures Bio acts as the plants catalyst in utilizing more
effectively the suns energy, hence promoting stronger
and healthier plant growth.
Fertilizers & Plant Vitamins
Omega Primera It is a multi plant vitamins with microbes made from bio
micro-organism. It could supply full and balance NPK,
organic, trance element nutrient for promote the plant
growth, increase corps quality and increase farmer
income.
Bio-Tonic It is easily absorbed into the plants and accelerates the
plasma streaming of cells and quickens the rooting. It
gives vital power to cells of the plant. It shows
distinguished effects on improving germination and
fructification.
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XTratonic It gives a vital power to all the cells of the plant. It shows
distinguished effects on improving germination and
fructification. It has a unique effect on improving
germination of pollen and elongation of the pollen tube
and also ensures further fertilization and better fruits.
Nutrio It is containing beneficial of micro-organism for
sugarcanes and eggplants resulting in greener and
healthier plants enhanced yield. It is administered to
crops through spraying.
Insecticides
Bio Optimax It is a new type of high-efficacy and low -residue
insecticide controlling noctuidae.
Formula One It is based on traditional Chinese herbal medicine
science, this product is a totally natural organic
insecticide extracted from a number of Chinese herbs by
advanced technology and facilities.
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Bionim A natural concentrated formulation contains many
compounds which are useful for pest control. Bionim
organic contain a natural concentrated formulation
contain many compounds which are useful for pest
control.
Fungicides
Bio Agrivax It is a harnesses the power of organic biology to provide
superior protection for your plants. It eliminates harmful
fungi while ensuring the well-being of your plants,
humans, animals, and the environment. By bolstering
plant immunity, it aids in the recovery of damaged foliage
caused by fungal attacks, prevents fungal spread, and
safeguards your plants from future infections.
Majik It is a broad-spectrum systemic fungicide, by cutting off
Pyraclostrobin- the electron flow between cytochrome to stop respiration
of Mitochondria, with a good function of protection and
therapeutic action.
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Serenade It is a naturally occurring product derived from the QST
713 strain of bacillus subtilis. It stimulates cell elongation,
contributing faster to shoot elongation and fruit retention
and enlargement after flowering. Serenade has
bactericidal and fungicidal properties. It has a broad-
spectrum and multi-site mode of action, which fuels plant
health and growth. This makes nutrients in the soil more
available to the plant.
ACTICon It is increases the plants vigour and yield by protecting
from the deadly Panama wilt, a disease that has proven
lethal against bananas particularly the Cavendish variety.
Mykovam It is a soil based bio-fertilizer which has effective species
of fungi that assist the plant in the absorption of water
and nutrients. The fungi can prevent root infection and
increases plant tolerance to drought and heavy metals.
Vam Root Inoculant It is composed of chopped dried plant roots absorb water
(VAMRI) containing special fungi which help the plant roots absorb
water and nutrients. Vamri protects the plants from root
pathogens and improves the soil’s structure.
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Herbicide
It is a foliar acting herbicide for the control of annual
Pac-Yawan
weeds, perennial grasses (including cynodon dactylon,
imperata cylindrical, phragmites species and others),
cyperus species, perennial broadleaves (including
chromoleana odorata, lantana camara and others) and
aquatic weeds.
Bio-Extra It is contains plant growth regulator which has the dual
functions of regulating plant growth and supplying plant
nutrients, synergistically regulate in the whole process of
plant growth. Brassinolide can regulate the division and
elongation of plant cells, which can promote the
development of crop roots, enhance photosynthesis, and
increase the chlorophyll content of crops.
At Green Growth Bio-Organic, we prioritize quality, affordability, and
environmental sustainability. Our commitment is to empower local farmers with
the tools they need to cultivate healthier, more productive crops while promoting
eco-friendly agricultural practices in Magsaysay.
Target Market
Our target market is farmers and gardeners who prioritize environmental
consciousness and seek high-quality bio-organic options for their crops and
gardens. This includes individuals who are aware of the negative impacts of
traditional fertilizers on the environment and are looking for sustainable
alternatives. Our customer base is primarily located in Magsaysay, Davao del
Sur, where there is an emphasis on sustainability and the adoption of gardening
practices.
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We aim to build relationships with our customers by offering personalized
customer service and addressing any concerns or queries they may have.
Additionally, we collaborate with agriculture organizations to obtain certifications
and endorsements for our products. This helps us earn the trust and credibility of
our target market, positioning us as a player within the fertilizer industry.
Demand
Based on the study conducted by Howard & Steiner, (2018) on demand
for bio-organic fertilizers highlights an increasing interest in sustainable
agriculture. Studies suggest a growing awareness of the environmental impact of
conventional fertilizers, leading to a higher demand for bio-organic alternatives.
Farmers are exploring bio-organic options due to concerns about soil health,
water quality, and long-term sustainability. Additionally, consumer preferences for
organic produce contribute to the rising demand for bio-organic fertilizers in the
agricultural sector.
As a key component of agricultural sustainability, bio-organic fertilizer
contributes greatly to improving soil fertility. Bio-Organic fertilizer has many
sources such as minerals, animal source, sewage sludge and plant. Vegetables,
animals and residue materials had a contribution to improve soil organic matter
content in soil. Therefore it is recommended that, using integrated nutrient
management is a continuous improvement of soil productivity on longer term
basis through appropriate use of bio-organic fertilizers (i.e. animal manure, plants
residue and sewage sludge) and their scientific management for increments of
optimum growth, yield and quality of different crops.
Furthermore, research indicates that the demand for bio-organic fertilizers
is fuelled by the desire to reduce synthetic chemical inputs in farming. Studies
emphasize the positive effects of organic fertilizers on soil structure, microbial
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activity, and overall ecosystem health. As agriculture moves towards more eco-
friendly practices, the demand for bio-organic fertilizers is likely to persist and
may even be influenced by government policies promoting sustainable
agricultural methods. This shift reflects a broader societal commitment to
environmentally conscious farming practices. In order to measure the projected
demand the following table are tabulated:
Total Population Count of Magsaysay in the Current Year
Year Population Count
2023 57, 263
Table 4. Population Count in the Current Year
Projected Population of Magsaysay
Year Projected Population
2024 58, 041
2025 58, 266
2026 58,483
2027 59,001
2028 59,231
*Projected Population= Previous Population x (100% + Growth Rate in Population)
*Magsaysay growth rate in 2015-2020 is 0.92% divided by 5 (years) is 0.184%
Table 5. Projected Population
Projected Demand
Year Magsaysay Total Number of Total Demand
Population People who Buys
Bio-Organic
Fertilizer
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(98%)
2024 58, 041 56,359 56,359
2025 58, 266 56,665 56,665
2026 58,483 56,992 56,992
2027 59,001 57,100 57,100
2028 59,231 57,491 57,491
Table 6. Projected Demand
According to the PhilAtlas of Davao del Sur, the above projection depicts
the total demand comprises different age groups consisting (32.27%) of young
adolescents and teenagers, those age 15-24 years old. The economically active
population and actual or potential members of the workforce constitute a total of
(34.16%). Finally, old dependent population consisting of senior citizens those
age 60 and above, total (5.69) in all.
https://www.philatlas.com/mindanao/r11/davao-del-sur/magsaysay.html
Supply
The business appears well-positioned for success, boasting a robust
supply chain capable of meeting the anticipated demand in the target market.
The competitive edge of offering lower prices than competitors enhances the
probability of widespread patronage. The affordability factor, coupled with the
assurance of excellent product quality and a diverse range of flavors with distinct
health benefits, positions the organic fertilizer shop as an attractive option for
consumers.
Moreover, the business model seems responsive to market dynamics,
with the quantity of products offered increasing as the price of the goods rises.
This strategic approach ensures flexibility in adapting to market fluctuations and
aligns the business with the principles of supply and demand. By tying the supply
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of goods to changes in product prices, the organic fertilizer shop demonstrates a
keen understanding of market forces, potentially fostering a dynamic and
responsive operation in Magsaysay, Davao del Sur.
Demand/Supply Analysis
The equilibrium point for the services offered by Green Growth Bio-
Organic occurs when the availability of our diverse range of organic fertilizers
matches the demand from consumers. Based on our extensive survey, a
significant number of respondents currently have suppliers, while others rely on
small agricultural supply stores or online retailers for their organic fertilizer needs.
To boost demand for our products, we have implemented a competitive pricing
strategy, a crucial factor in capturing the attention of our target market. We
understand that demand tends to decrease when prices are higher than those
offered by competitors, and to counter this, Green Growth Bio-Organic aims to
provide affordable yet high-quality organic fertilizers.
The survey findings highlight the importance of attracting businesses with
a competitive pricing strategy and excellent service. Green Growth Bio-Organic
recognizes the significance of offering products that not only reduce expenses for
consumers but also present an opportunity for resale, thereby allowing
businesses to generate profits. Additionally, the proponents have meticulously
plotted the aggregate quantity of products that consumers are willing to purchase
at different price points. This data-driven approach enables the business to
produce in alignment with market demand, fostering a strategic marketing plan to
further enhance product visibility and stimulate an increase in demand,
consequently driving an elevation in our supply. Green Growth Bio-Organic is
committed to achieving equilibrium in the market by delivering exceptional value
and addressing the distinct needs of our consumers in Magsaysay, Davao del
Sur.
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Demand Supply Analysis
Projected Supply Trend
Figure 2. Demand Supply Analysis
Figure 3. Demand Unsatisfied
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Figure 2. Demand Unsatisfied
The highest unsatisfied demand rate for Green Growth Bio-Organic is
projected to reach 40% anticipated during the initial quarter of business
operations. This is attributed to the establishment phase where adjustments and
marketing programs are not fully in place, coupled with anticipated higher start-
up costs during the initial three months of operation.
There is a possibility of encountering a 30% unsatisfied demand rate in
the second quarter of business operations. This projection stems from the
execution of marketing programs during this period, despite the expectation of
higher production costs.
The 20% rate of unsatisfied demand is attributed to challenges in the
aspect of bio-organic fertilizer production. This percentage reflects potential
issues or constraints specific to that part of the operation, leading to a projected
level of unmet demand.
During the third quarter of business operations, the lowest rate of
unsatisfied demand is anticipated. This is attributed to the coinciding planting
season when a surge in local area is expected. The appeal of Green Growth Bio-
Organic during this period makes it a favourable choice for many customers.
Price Study
Setting a competitive pricing strategy is a strategic move by Green Growth
Bio-Organic, aiming to distinguish itself in the market. Through research on
competitors' pricing tables, the business has positioned itself with an affordable
strategy designed to capture the attention of a broad consumer base. The
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incorporation of a variety of unique, high-quality products not offered by
competitors further strengthens the business's value proposition.
As a new entrant, Green Growth Bio-Organics’ decision to initiate pricing
at ₱150.00 reflects a calculated approach to attract and engage customers. This
competitive pricing, combined with the diverse product range and emphasis on
quality, sets the stage for the business to make a compelling entry into the
market in Magsaysay, Davao del Sur.
Pricing Strategy
Item Retail Price Wholesale Price
SOIL CONDITIONERS
₱880- 100ml ₱860
Agrownica Plus
₱1,050- 500ml ₱1,030
₱1,900- 1000ml ₱1,880
Natures Bio ₱1,225- 1L ₱1,205
FERTILIZERS & PLANT
VITAMINS
Omega Primera ₱ 1,050- 1kg ₱1,030
Bio-Tonic ₱600- 100ml ₱580
₱900- 500ml ₱880
₱1,400- 1000ml ₱1,380
XTratonic ₱950- 500ml ₱930
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₱1,750- 1000ml ₱1,730
Nutrio ₱150 - 200g ₱130
INSECTICIDES
Bio-Optimax ₱1,050- 500ml ₱1,030
₱1,900- 1000ml ₱1,880
₱2,200- 1000ml ₱2,180
Formula One ₱920- 500ml ₱900
₱1,760- 1L ₱1,740
Bio-Nim ₱1,225- 1L ₱1,205
₱350- 150ml ₱330
ACTICon ₱150- 200g ₱130
FUNGICIDES
Bio-Agrivax ₱1,296- 1000ml ₱1,276
Majika Pyraclostrobin ₱960- 100ml ₱940
₱1,250- 500ml ₱1,230
₱2,200- 1000ml ₱2,180
Serenade ₱728- 1L ₱708
Mycovam ₱150-200g ₱130
Vamri ₱150-220g ₱130
HERBICIDES
Pac-Yawan ₱480- 1L ₱460
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₱1,380- 4L ₱1,360
Bio-Extra ₱ 728- 100ml ₱708
Factors Affecting in the Market
Labor Cost: The Green Growth Bio-Organic store can encounter higher
labor costs if it plans on further expansion. As a result, it forces them to
employ more workers, which increases salary expenses. It should be
addressed by hiring only the needed workers.
Place Establishments or Place: The right location attracts a large
customer base, which is a good opportunity for a business. But the space
and the old occupants of the location should be taken into consideration.
In order to address the factor, all leases and lesser agreements are
provided with terms with respect to the old occupants, the space, and the
rental fee.
Customer Retention: This should be managed since it is cheaper to
retain a customer than to acquire a new one. It should be addressed
through efficient customer service and excellent service.
Local Agricultural Practices: The prevalent agricultural practices in
Magsaysay and the surrounding areas can significantly impact the
demand for bio-organic fertilizers. If there is a strong tradition of organic or
sustainable farming, the market for bio-organic fertilizers is likely to be
more robust.
Consumer Demand: The level of demand for bio-organic fertilizers is a
significant factor. Increasing awareness of environmental sustainability
and health concerns can drive demand for bio-organic products
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Government Regulations: Government policies and regulations
regarding bio-organic products, certifications, and labelling can impact the
market. Compliance with these regulations is crucial for the success of a
bio-organic fertilizer store.
Global Events: Global events, such as pandemics or changes in
international trade agreements, can have ripple effects on supply chains
and market dynamics.
Supplier Relationships: The relationships with suppliers, including bio-
organic fertilizer manufacturers or distributors, can impact product
availability, quality, and pricing for the store.
Key Competitors
COMPETITOR DATA COLLECTION PLAN
Competitor 1 Competitor 2 Competitor 3
Company/ A.C.G.A Ventures Green Agri J&R Agricultural
Business Name Solution Supply
Location Purok 3, Purok 8, Purok 5,
Poblacion, Poblacion, Poblacion,
Magsaysay, Magsaysay, Magsaysay,
Davao del Sur Davao del Sur Davao del Sur
Products and 1. Herbicide 1. Herbicide 1. Herbicide
Services 2. Insecticide 2. Insecticide 2. Insecticide
3 Fungicide 3 Fungicide 3 Fungicide
4. Molluscicide 4. Crop Nation 4. Soil Fertilizer
5. Crop Nation 5. Crop Nation
6. Pressure Pump
Sprayer
Table 7. Competitors Data Collection Plan
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SWOT Analysis
Strengths
Quality Products: Green Growth Bio-Organic store offers high-quality,
locally sourced bio-organic fertilizers, providing a competitive advantage in
terms of Soil Conditioners, Fertilizers & Plant Vitamins, Insecticides &
Fungicides, and Herbicide.
Online Advertising Strategy: Social media advertising is seen as
effective marketing for every business, and this will be used to reach a
larger number of customers for the business.
Environmental Sustainability: The focus on bio-organic products aligns
with the growing trend toward eco-friendly and sustainable agricultural
practices.
Weaknesses
Low Exposure: Since it is a newly established, it is not yet well-known in
the area.
Lack of Experience in Operations: In order to survive in the long run,
the owners should know how it should be operated.
Price Confusion: It offers different products with different prices.
Opportunities
Loyal Returning Customers: Providing our loyal customers with friendly
services to encourage them to visit the Green Growth Bio-Organic store
again and again.
Discounting: This method will be applied to the opening of the shop to
grow its customer base and improve sales.
Additional Income: Since the borrowing concept has not yet been
introduced in the area. It can provide additional income for the business.
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Threats
Competitors are Located Nearby: It may result in a decrease in market
share, a smaller business customer base, and the need to lower prices in
order to stay competitive.
Perception Challenges: Some farmers and consumers may still perceive
synthetic fertilizers as more effective, hindering the widespread adoption
of bio-organic alternatives.
Competitors Offers Cheaper Price: We might experience difficulty
convincing cost-conscious customers to spend.
Marketing Program
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Marketing - Business - Share -Proper -Effectiveness
Strategy 1 Launching Business Management of of Marketing
Content Business
- Making of - Updates
Online Operations
Facebook
Page - Hiring of a - Updates
Personnel
Marketing - Product - Reach out - Management of - Marketing
Strategy 2 Promotion Large Expenses
- Evaluation
Customers
- Update on -Adjustments
Facebook - Radio
Page Advertisement
Marketing - Store - Manage - Inventory - Marketing
Strategy 3 Arrangement Expenses
-Re-update - Evaluation
- Discounting -Update
Facebook
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- Discounting Page
Marketing - Raw - Product - Enhance - Marketing
Strategy 4 Materials Promotion Product
- Evaluation
Management
- Discounting - Evaluate
- Word of
Mouth
Table 8. Annual Marketing Program
III. TECHNICAL STUDY
The Product/Services
Soil Conditioners
Agrownica Plus It is a unique blend of botanical extracts derived from
various Chinese herbal plants that have been documented
in ancient books for its applications in agriculture. It
optimizes the ability of native microbes to colonize hosts in
their natural habitat, and allows extensive development of
mycorrhizae to maximize nutrient availability to the hosts.
Natures Bio It’s stimulates the natural development and growth of
plants by increasing the chlorophyll production level.
Natures Bio acts as the plants catalyst in utilizing more
effectively the suns energy, hence promoting stronger and
healthier plant growth.
Fertilizers & Plant Vitamins
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Omega Primera It is a multi plant vitamins with microbes made from bio
micro-organism. It could supply full and balance NPK,
organic, trance element nutrient for promote the plant
growth, increase corps quality and increase farmer
income.
Bio-Tonic It is easily absorbed into the plants and accelerates the
plasma streaming of cells and quickens the rooting. It
gives vital power to cells of the plant. It shows
distinguished effects on improving germination and
fructification.
XTratonic It gives a vital power to all the cells of the plant. It shows
distinguished effects on improving germination and
fructification. It has a unique effect on improving
germination of pollen and elongation of the pollen tube
and also ensures further fertilization and better fruits.
Nutrio It is containing beneficial of micro-organism for
sugarcanes and eggplants resulting in greener and
healthier plants enhanced yield. It is administered to
crops through spraying.
Insecticides
29
Bio Optimax It is a new type of high-efficacy and low -residue
insecticide controlling noctuidae.
Formula One It is based on traditional Chinese herbal medicine
science, this product is a totally natural organic
insecticide extracted from a number of Chinese herbs by
advanced technology and facilities.
Bionim A natural concentrated formulation contains many
compounds which are useful for pest control. Bionim
organic contain a natural concentrated formulation
contain many compounds which are useful for pest
control.
Fungicides
Bio Agrivax It is a harnesses the power of organic biology to provide
superior protection for your plants. It eliminates harmful
fungi while ensuring the well-being of your plants,
humans, animals, and the environment. By bolstering
plant immunity, it aids in the recovery of damaged foliage
caused by fungal attacks, prevents fungal spread, and
safeguards your plants from future infections.
30
Majik It is a broad-spectrum systemic fungicide, by cutting off
Pyraclostrobin- the electron flow between cytochrome to stop respiration
of Mitochondria, with a good function of protection and
therapeutic action.
Serenade It is a naturally occurring product derived from the QST
713 strain of bacillus subtilis. It stimulates cell elongation,
contributing faster to shoot elongation and fruit retention
and enlargement after flowering. Serenade has
bactericidal and fungicidal properties. It has a broad-
spectrum and multi-site mode of action, which fuels plant
health and growth. This makes nutrients in the soil more
available to the plant.
ACTICon It is increases the plants vigour and yield by protecting
from the deadly Panama wilt, a disease that has proven
lethal against bananas particularly the Cavendish variety.
Mykovam It is a soil based bio-fertilizer which has effective species
of fungi that assist the plant in the absorption of water
and nutrients. The fungi can prevent root infection and
increases plant tolerance to drought and heavy metals.
31
Vam Root Inoculant It is composed of chopped dried plant roots absorb water
(VAMRI) containing special fungi which help the plant roots absorb
water and nutrients. Vamri protects the plants from root
pathogens and improves the soil’s structure.
Herbicide
It is a foliar acting herbicide for the control of annual
Pac-Yawan
weeds, perennial grasses (including cynodon dactylon,
imperata cylindrical, phragmites species and others),
cyperus species, perennial broadleaves (including
chromoleana odorata, lantana camara and others) and
aquatic weeds.
Bio-Extra It is contains plant growth regulator which has the dual
functions of regulating plant growth and supplying plant
nutrients, synergistically regulate in the whole process of
plant growth. Brassinolide can regulate the division and
elongation of plant cells, which can promote the
development of crop roots, enhance photosynthesis, and
increase the chlorophyll content of crops.
Packaging of the Product
32
Eco Bag Packaging:
For retail purchases, Green Growth Bio-Organic will utilize eco bags as
part of our commitment to eco-friendly practices. These bags are made from
environmentally sustainable materials, emphasizing our dedication to reducing
plastic waste. The eco bags will be designed to be sturdy and reusable,
encouraging customers to adopt sustainable habits.
Carton Packaging:
For bulk or wholesale orders, Green Growth Bio-Organic will employ
durable and recyclable carton packaging. This packaging method ensures the
safe transportation and storage of larger quantities of our bio-organic fertilizers.
The cartons will be designed to be easily stackable, optimizing storage space for
both retailers and distributors.
By incorporating eco bags and carton packaging, Green Growth Bio-
Organic aims to minimize the environmental impact associated with traditional
33
packaging materials. The use of eco bags aligns with our eco-conscious values,
offering customers an environmentally friendly option for their retail purchases.
Simultaneously, carton packaging for wholesale orders enhances practicality and
facilitates efficient handling and distribution. Our packaging strategy reflects our
commitment to sustainability while delivering high-quality bio-organic fertilizers to
our customers in Magsaysay, Davao del Sur.
Manufacturing Process
BIO-ORGANIC FERTILIZER MANUFACTURING METHOD
RAW MATERIALS SOURCING
PREPARATION
COMPOSTING (OPTIONAL)
FORMULATION AND MIXING
MOISTURE ADJUSTMENT
DRYING
QUALITY CONTROL AND TESTING
PACKAGING
STORAGE
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DISTRIBUTION
ENVIRONMENTAL CONSIDERATION
Diagram 1. The Manufacturing Process
The diagram shows the manufacturing process of bio-organic fertilizer. It
starts with the sourcing of raw materials, followed by their preparation and
composting. The formulation and mixing process is important for creating an
effective fertilizer blend. Fifth steps include moisture adjustment, sixth steps
drying, seventh step quality control, eight steps packaging, ninth steps storage,
tenth step distribution, and lastly environmental consideration impact. Each step
contributes to the overall production of a high-quality bio-organic fertilizer,
emphasizing the importance of a systematic and well-controlled manufacturing
process.
Pricing Table
Setting a competitive pricing strategy is a strategic move by Green Growth
Bio-Organic, aiming to distinguish itself in the market. Through research on
competitors' pricing tables, the business has positioned itself with an affordable
strategy designed to capture the attention of a broad consumer base. The
incorporation of a variety of unique, high-quality products not offered by
competitors further strengthens the business's value proposition.
As a new entrant, Green Growth Bio-Organics’ decision to initiate pricing
start at ₱150.00 reflects a calculated approach to attract and engage customers.
This competitive pricing, combined with the diverse product range and emphasis
on quality, sets the stage for the business to make a compelling entry into the
market in Magsaysay, Davao del Sur.
35
Product Variant Package Sizes Price per Unit
36
SOIL CONDITIONERS
100ml ₱880
Agrownica Plus
500ml ₱1,050
1000ml ₱1,900
Natures Bio 1L ₱1,225
FERTILIZERS & PLANT
VITAMINS
Omega Primera 1kg ₱1,050
Bio-Tonic 100ml ₱600
500ml ₱900
1000ml ₱1,400
XTratonic 500ml ₱950
1000ml ₱1,750
Nutrio 200g ₱150
INSECTICIDES
Bio-Optimax 500ml ₱1,050
1000ml ₱1,900
Formula One 500ml ₱920
1L ₱1,760
Serenade 1L ₱728
Bio-Nim 1L ₱1,1225
150ml ₱350
37
FUNGICIDES
Bio-Agrivax 1000ml ₱1,296
Majika Pyraclostrobin 100ml ₱960
500ml ₱1,250
1000ml ₱2,200
Serenade 1L ₱728
ACTICon 200g ₱150
Mykovam 300g ₱250
HERBICIDE
Pac-Yawan 1L ₱480
4L ₱1,380
Bio-Extra 100ml ₱ 728
Table 9. Pricing Table
Plant Size and Production Schedule
Plant Location
38
Figure 4. Location Map
The Green Growth Bio-Organic store is located in Malano, Magsaysay,
Davao del Sur. The location was chosen for its proximity to environmentally
conscious farmers and gardeners, as well as its reputation as a hub for
sustainable practices and organic agriculture. Also, the area is a convenient
location for customers because it is besides the highway.
Plant Layout
Figure 5. Green Growth Bio-Organic Floor Plan
Building and Facilities
PICTURE NAME DESCRIPTION/ QUANTITY UNIT TOTAL
USES COST
MASONRY MATERIALS
39
Cement Used as a binder 150 ₱250 ₱37,500
(per 40kg) in concrete.
Steel Bars Used to increase 10 ₱85 ₱850
8mm and the strength of a
10mm (per concrete ₱160 ₱1,600
pieces) structure.
Hollow Used in 1,500 ₱15 ₱22,500
Block construction as
(per pieces) conventional
materials.
Metal Used to form a 50 ₱90 ₱4,500
Furring support system
(per pieces) for construction.
Corrugated Used for siding, 30 ₱180 ₱5,400
Steel Roof roofing, and
(0.6mm) decking.
GI Plain Used for 5 ₱250 ₱1,250
Sheet 600- corrosion-
1250mm resistant nuts,
bolts and nails.
Good Used for 10 ₱300 ₱3,000
Lumber structural
(2x4) purposes.
Marine Used for ceiling 15 ₱665 ₱9,975
Plywood support or as a
(0.00625mx finishing material
to create a
11.2mx2.44
smooth and even
m) surface.
Umbrella Used for 3 ₱90 ₱270
Nails preventing the
(per kg) roofing sheets
from tearing off
round the head of
the nail.
40
CW Nail Used for 6 ₱50 ₱300
(per kg) fastening one or
more objects to
each other.
PVC Used to protect 10 ₱370 ₱3,700
Flexible the wires and
Pipe cables.
(per meter)
Roll up door Used for 2 ₱2,400 ₱4,800
storefronts
allowing for a
flexible and open
lay-out during
business hours
and secure
closure during
off-hours.
WATER AND DRAINAGE LINE MATERIALS
PVC pipe 2” Used in building 20 ₱110 ₱2,200
(per meter) and construction
of water supply.
Elbow joint Use to change or 10 ₱200 ₱2,000
pipe angle of pipe run.
(pieces)
PVC pipe 2 Used in building 20 ₱110 ₱2,200
(1/2 meter) and construction
of water supply.
Stainless Used for washing 1 ₱1,800 ₱1,800
sink with hands,
faucet and dishwashing and
stand other purposes.
Vulcaseal Used in sealing, 1 ₱160 ₱160
patching, and
filling of leaks.
GREEN GROWTH BIO-ORGANIC STORE FOR IMPROVEMENTS
41
White Paint Used to add the 2 ₱1,435 ₱2,870
(4L) color of the walls.
Green Paint Used to add the 2 ₱1,200 ₱2,400
(4L) color of the walls.
Paint roller Used to spread 3 ₱190 ₱570
and tray the paint evenly.
(per pieces)
Paint brush Used to spread 3 ₱75 ₱225
(per pieces) the paint evenly.
TOTAL ₱110,070
FURNITURE AND FIXTURE
Display Used to organize 1 ₱8,000
Rack Glass and showcase ₱8,000
the products.
Office Desk Used as 2 ₱3,500 ₱7,000
workspace.
Office Chair Used for seating 2 ₱3,300 ₱6,600
while working.
Hanging Used for 3 ₱1,000 ₱3,000
Cabinet displaying
products.
Storage Used to store 3 ₱5,800 ₱17,400
Cabinet items and keep
spaces
organized.
42
Fluorescent Used for lighting 5 ₱240 ₱1,200
Tube in interior spaces.
Ceiling Fan Used for keeping 3 ₱730 ₱2,190
employees and
workers cool
while working in
the store.
TOTAL ₱45,390
EQUIPMENT
Used for various
Desktop tasks including 1 ₱20,00 ₱20,000
Computer work. 0
Used for
CCTV surveillance and 3 ₱2,500 ₱7,500
Camera security
purposes.
Used to protect
Fire the building and 1 ₱2,300 ₱2,300
Extinguisher employees in
case of fire.
TOTAL ₱29,800
OVERALL ₱185,260
TOTAL
Table 12. Building and Facilities
Raw Materials and Supplies
The main supplier for our raw materials are from the Bio-Agrownica since
they are selling premium quality of bio-organic fertilizer and they offer discount.
SUPPLIES
PICTURE NAME DEFINITION/ QUANTITY UNIT TOTAL
USES COST
43
Calculator Used for 1 ₱75 ₱75
performing
mathematical
calculations.
Ledger Used to record 1 ₱30 ₱30
financial
transactions.
Notebook Used for writing 1 ₱15 ₱15
notes and
important
details.
Ballpen Used for writing. 1box ₱65 ₱65
(per box)
Tape Used to keep 5 ₱16 ₱80
thing in place.
Scotch Tape Used for 1 ₱45 ₱45
Dispenser dispense tape.
Marker Used for writing. 2 ₱35 ₱70
Packing Used to seal, 10 ₱64 ₱640
Tape protect and
secure the
packages.
Stapler Used to attach 2 ₱70 ₱140
pieces of paper.
44
Staples Used for 3 box ₱10 ₱30
(per box) stapling paper.
Plastic Used for 10 ₱60 ₱600
Twine Rope bundling items
(per kilo) and securing
packages.
File Used to keep 2 ₱85 ₱170
Organizer documents in
pace.
Receipt Paper receipt 10 ₱9 ₱90
Order for customers.
Scissor Used for cutting 3 ₱15 ₱45
various
materials.
Trash Bags Used for 3 ₱30 ₱90
(100 pieces) containing and
disposing waste
or garbage.
Trash Can Used for 3 ₱45 ₱135
collection and
disposal of
waste or
garbage.
Alcohol Used to 2 ₱210 ₱420
1000ml sanitize.
TOTAL ₱2,740
PACKAGING SUPPLIES
45
Eco Bags Used for retail 10 ₱225 ₱2,250
( 100 pieces purchases.
s-m-l-xl)
Carton Used for bulk or - - -
wholesale
orders.
TOTAL ₱2,250
OVERALL ₱4,990
TOTAL
Table 13. Green Growth Bio-Organic Raw Materials and Supplies
Utilities
The electricity of our business is supplied by Davao del Sur Electric
Cooperative (DASURECO), while NAWASA is our water provider ensuring a
reliable water supply for our business operation.
On Going Utilities Monthly Yearly
Electricity ₱3,000 ₱36,000
Water ₱500 ₱6,000
Internet Bill ₱1,000 ₱12,000
Fuel ₱300 ₱3,600
TOTAL ₱57,600
Waste Disposal
Green Growth Bio-Organic implementing proper segregation and
strategically placing trash cans in each area because it is essential for
maintaining cleanliness within the business premises. This initiative not only
46
contributes to a visually appealing environment but also to facilitates effective
waste management. Adhering to the principles of the 3Rs—Reduce, Reuse, and
Recycle—demonstrates the company's commitment to environmental
sustainability by minimizing waste generation, promoting the reuse of materials,
and actively participating in recycling programs. By incorporating these practices,
the business not only fulfils its social responsibility but also helps reduce the
overall environmental impact of its operations.
IV. FINANCIAL STUDY
Financial Analysis
Projected Cost of Sales
Projected Sales Budget
Projected Depreciation Expense (Equipment)
Projected Depreciation Expense (Tools)
Projected Income Statement
Projected Balance Sheet
Projected Cash Flow
Ratio Analysis
47
V. SOCIO-ECONOMIC STUDY
Contribution to the Economy
Green Growth Bio-Organic makes a significant contribution to the
economy by fostering sustainable agriculture practices. Through the production
and promotion of bio-organic fertilizers, the company supports environmentally
friendly farming methods, reducing reliance on chemical inputs. This not only
enhances soil health but also promotes biodiversity and water conservation. By
aligning eco-friendly principles, Green Growth Bio-Organic contributes to a
healthier environment and more sustainable agricultural sector.
Contribution to the Government
Green Growth Bio-Organic contributes to the government through various
channels. Firstly, the company generates tax revenue, including income taxes
and corporate taxes, contributing to public funds. Additionally, it may
import/export duties if involved in international trade, further adding to
government revenue. The employment opportunities provided by the company
48
contribute to reduced unemployment rates, leading to potential savings in social
welfare expenses for the government. Lastly, if the company adheres to
environmental regulations and sustainability practices, it indirectly supports
government efforts in promoting eco-friendly initiatives.
Contribution to the People
Green Growth Bio-Organic contributes to people by promoting sustainable
agriculture through environmentally friendly practices. Their products enhance
soil health, reduce chemical runoff, and support organic farming methods. This
not only benefits farmers and gardeners by improving crop yields and quality but
also contributes to the overall well-being of consumers by providing access to
healthier and more sustainability produced food.
VI. ORGANIZATIONAL AND MANAGEMENT
A. Form of Ownership
The Green Growth Bio-organic store will operate as a partnership, where
profits and losses are shared equally among the partners. It will be managed by
a group of seven owners known as partners, who will also bear responsibility for
any debts or obligations of the partnership. Each owner will hold a 20% share of
the business. The decisions to opt for a partnership is based on the potential for
asset accumulation and addressing product liability concerns, reflecting a
collaborative and shared approach to ownership and business operations.
B. Organizational Chart
FRANCIS EARL MAHUSAY
Chief Executive
49 Officer
MARIAH ESTELA LOVINO RUBELENE SUERTE LENIE MAE BACALSO
Human Resource and Sales and Marketing Accountants/Cashier
Admin Manager Manager
VINCENT IVAN ALIMENTO JERBEN SARANILLO HAROLD ARICAYOS
Merchandize Manager Distribution Truck Distribution Truck
Drivers Drivers
Green Growth Bio-Organic has seven members designated with different
task with balance shares and responsibilities. There will be one who act as Chief
Executive Officer, has a six years leadership, who will have the most
responsibility for running the business and the other six roles will be responsible
for supervising and monitoring daily activities of the Green Growth Bio-Organic
store.
C. Officers and Key Personnel
There will be seven (7) partners who will be co-owner of the business.
Each partner will be a capitalist partner and six (6) of them will be considered as
managing partners. Each of the partners will contribute an amount of PHP
110,000. A total of PHP 770,000 is our capital to start the business.
Labor Requirements
Green Growth Bio-Organic will be hiring two labourers and one cashier.
Meanwhile, all the owners should also arrive at 7:00 am to manage the business
daily operations. For more effective workforce, all employees are given benefits
including PhilHealth, SSS, PAG-IBIG and 13th month pay.
50
Working Schedule
The owners and employees should arrive at the store at 7:45 AM to clean
and prepare for the opening. All the employees should complete the 8 hours of
duty per day. The store operates from 8:00 AM to 5:00 PM, ensuring a consistent
schedule for employee tasks and customer service during opening hours.
Training
The two hired labourer and one hired cashier will be trained according to
the job they applied. They are also trained on how to approach customers in a
proper way. And also they will work together with the owners to learn more of
their roles and achieve a smooth workflow at the same time.
Rules and Regulations
There are rules and regulations that should be adhered to fairly by both
owners and employees at the business since their safety and an effective
workforce have become the centre of success.
Appearance and Hygiene
Maintaining a policy that requires employees to wear their face mask and
to secure their hair, preferably in ponytails because wearing a ponytail
contributes to a neat and professional appearance. It helps employees present
themselves well, which can positively impact the perception of the business by
the customers. Meanwhile, wearing face mask aligns with health and safety
guidelines, especially during times of health concerns such as COVID-19
diseases. It is not only protects the employees but also demonstrates a
commitment to public health standards and compliance with regulations.
51
Clothing and Uniforms
Green Growth Bio-Organic has no strict dress code, but employees are
encouraged to wear comfortable, decent, and clean attire. Additionally, deodorant
is a must for everybody, and employees should apply cologne.
Manners and Customers Service
Owners and employees should greet customers properly when they enter
the store and if they ask for help and questions. Owners or cashier should be
polite in assisting with paying the bills. Never interrupt when someone is
speaking, and look at people directly so that they will feel that their words are
important. This commitment enhances the overall customer experience and
contributes to the long-term success of the business.
Work Performance and Time Off
The owners and employees should come to their allocated shift a few
minutes early to given them to prepare. Asking for absence should be done in
advance so that one of the owners can fill in. The owners or employees should
not come to work sick with a communicable disease since health and safety is
important in business industry. These rules and regulations should be reasonably
applicable to both owners and employees for a strong workforce and daily flow of
business operations.
Compensation and Benefits
Our hired employees will be given benefits such as PhilHealth, SSS, and
13th month pay. As for their wages are distributed bi-monthly with the deduction
for contributions to these benefits. The employees are provided with the best
benefit of acquiring an efficient workforce for the business.
52