BAMBOO.ILG
BAMBOO.ILG
Iligan Bamboo Products Trading was legally registered with the Department of Trade and Industry on October 7, 2022. The business was developed as a learning company that is a practice-based enterprise. Its physical stall is located inside the school premises of Mindanao State University-Iligan Institute of Technology. It also has social media pages such as Facebook and Instagram for online buyers.
Bamboo.ilg, which is read as "Bamboo Iligan," provides bamboo-based products such as pens, keychains, nameplates, and cable organizers. Its products are primarily sourced locally and processed with the assistance of the Bamboo Technology Resource Center, which serves as its labor force. The company aims to foster a community that promotes locally sourced items that have a long-term impact on the environment.
Bamboo.ilg's development is accelerating with the availability of customizing methods for its products. It establishes a strong bond between its products and its customers. This vital concept significantly brands the business and appeals to the hearts of consumers. It encouraged buyers to repurchase, allowing the company to expand and achieve its targets. Another consideration is the length of the order process, particularly when customers want to rush purchases. The company does not limit itself; the time and schedules are sufficiently adaptable to accommodate unforeseen consumer requirements. Allowing buyers to freely choose what they want to put on their orders, providing an estimated time for claiming the items, and accepting special requests such as urgent orders and deliveries. These elements supported the company in connecting with its consumers, allowing them to give what the customers requested while also leaving room for improvement. The company obtained gross sales of ₱78,124.00 with a net income of ₱19,376.08.
As the company's market expands, it also increases its financial stability. The company's cost projection is ₱69,678.00, and its production costs total ₱45,202.62 throughout its operations. The company positioned itself as one of the bamboo-based products in Iligan City. It receives single to bulk orders almost immediately after the operation starts. This was made attainable through online engagement, marketing strategies, and customer service. It was also essential to position the right target market to reach a large number of customers. Throughout its entire run, the company had participated in or initiated several events/bazaars, and successfully implemented its CSR project with its target beneficiaries comprising of Senior High School students of the Integrated Developmental School.
Establishing a business from the beginning was a challenge for the management team. Due to the positive attitude of the management team, the company was able to thrive even further. It is strongly recommended that setting up a business with an optimistic outlook will bring more prospects. Given the characteristics of how the team handles its business, this allows the company to grow. It is highly advised that starting a business with a positive mindset will result in more opportunities. This enables the company to expand given the traits of the team's business management. It is highly recommended to hold regular meetings with all of the employees to create trust, accountability, and transparency in decision-making. This certainly will benefit the company and make it more likely to succeed in the long run.
Generalao, Hazel Metz
Mamauag, Mikharla Faith
Ozarraga, Venice
Patua, Mary Ann
Sarsaba, Michelle Mae
Bamboo.ilg
bamboo products
business performance
entrepreneurial strategy implementation
ENT114