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SUMMARY OF BUSINESS PLAN

A. SUMMARY
The Guru Accounting Tutorial Center will be registered under the name of Ron Nathaniel
F. Padua. Ron is a graduate of Bachelor of Science in Accountancy from San Juan, La Union. The
business will be registered as a Sole Proprietorship providing accounting tutorial services.

B. MARKETING PLAN
GURU Accounting Tutorial Center will provide tutorial services in Basic Accounting,
Financial Accounting and Reporting, Auditing and Assurance Services, and Business Law and
Taxation.
The target customer of the business will be the accountancy students enrolled in
accountancy program at their respective colleges, students from other program enrolled in
accounting subject, and those who are aspiring to be and accountancy students.
The service offered by the business will be promoted through a Facebook page where news
and updates about the page will be posted. And through dispersing of flyers into students at their
schools and posting at the school’s bulletin boards.
The tutorial will be costing Php 200 per hour per student if the student will opt for the
regular schedule and Php 500 per hour per student if the student will avail the special one-on-
one session to be scheduled. And the books and other review materials will be priced at cost plus
a 25% mark up. The retailing of books and other materials will be open to non-students of the
business.
The business will be expecting an enrollment of 25 students for the class tutorial for 3
months in operation of three times a year with a total of expected enrollment of 75 students for
the year and expect to increase in the succeeding years.

C. TECHNICAL PLAN
The business offers accounting tutorial services and retailing of books and review materials
to accountancy students in San Fernando, La Union.
The students will submit their registration form and present their payment. After which,
they can get their schedule and attend the tutorial according to the time given to them. At the
end of tutorial, the students are to be given a form to indicate their grades and subject currently
enrolled in their respective colleges that shall be signed by their instructors to verify the results
of the tutorial to the students.
The business will be located at X/F of Nisce-Quero Bldg., Gov. Luna Street, City of San
Fernando, La Union.
The materials and equipment needed are indicated below together where it will be acquired.
ITEM To be Acquired at:
Air Conditioner (Inverter Split Type CSI Appliance Store

with installation cost)

Desktop Computer PC4Me

Printer (All-in-one) EPSON L360

Wi-fi Modem

Projector

CCTV Camera (Complete Set) with

installation cost

Swivel Chair

Table (Special Tutorial)

Living Room Set (Sofa and Center CSI Appliances

Table)

Office Table

Front desk table

Monoblock Chair

Plastic Arm Chair

White board Morning Star Enterprise

Water Dispenser CSI Appliances

Tutor’s Table

Book shelves

Storage Cabinet

Recycle Bin Metro Houseware

Fire Extinguisher

The business will need 3 tutors to handle the tutorial class. One tutor for Business Law
and Taxation, one for Auditing and Assurance Services, and one for Basic Accounting and
Financial Accounting and Reporting.
The tutorial center will also need 2 administrative staff to attend the front desk for inquiries
and scheduling of tutorials.
D. ORGANIZATIONAL PLAN
The GURU Accounting Tutorial Center will be Partnership. The business will be managed
by the owner Ron Nathaniel Padua. Ron has excellent communication skills and managing skills
and has a background of the service offered by the business.

The plan will be carried out in the following activities:


Activities
Activities for 2018-2019

Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug.

1. Prepare
Business
Plan
2. Procurement
of Funds
3. Register the
business
with
government
and acquire
all licenses
and permits
to operate
4. Acquire
fixed assets
and
equipment
5. Organize the
office
according to
plan
6. Promote the
business to
social media
and to
students in
different
schools and
colleges
7. Hiring and
giving
orientation
to
employees
8. Finish up
organizing
the office
9. Operate
business
(open for
inquiries
and start of
registration)

E. FINANCIAL PLAN
The estimated capital needed to start up the business will be Php 500, 000 to be provided
by the owner through his own money plus loan in bank. The capital contributed will be used to
acquire the necessary materials and equipment needed, for the promotion of the business, and
for the Rental payment during preparation. And for the payment of registering the business and
for the payment of license and necessary permits to operate.
The business projected annual profit will be:

Revenue:
Tutorial P X, XXX, XXX
Sale of Books XX, XXX P XXX, XXX
Expenses:
Advertising P XX, XXX
Depreciation XX, XXX
Insurance XX, XXX
Office Supplies XX, XXX
Rent XX, XXX
Salaries XXX, XXX
Utilities XX, XXX
Taxes XXX, XXX XXX, XXX
Gross Profit P XXX, XXX