Is a document containing “a written summary of proposed venture, its operational and financial details and its manager’s skills and abilities” - BUSINESS PLAN, 1. To help the firm’s management. 2. To attract potential investors. 3. To serve as a legal document with which funds are raised - PURPOSE OF THE BUSINESS PLAN, 1. IT COMMUNICATES TO PEOPLE. 2. IT PERMITS CONSTANT CHANGE. 3. IT IS A CALL TO ACTION - THE ROLE OF THE BUSINESS PLAN, • It is “packaged” to bring about the interesting features of the business. • It is designed to relate to all major players of the business - investors, customers, and employee. - IT COMMUNICATES TO PEOPLE., It serves as guide for the entrepreneur to constantly re-check his ideas and concepts relevant to changing business/market conditions. • Provides entrepreneur with organized data from which he could research for new information. • The entrepreneur will see what is around him so he can better move beyond uncertainties - IT PERMITS CONSTANT CHANGE., A good business plan which is done in good presentation will attract potential people to be a part of the business endeavor. • A power tool in arousing entrepreneurial interest to those will read it - IT IS A CALL TO ACTION., business plan should have ________ for approaching a project - systematic method , what step in systematic method:identification of the business opportunity. - FIRST STEP, what step in systematic method:is to conduct a personal inventory to determine if there is a good fit between the type of business opportunity. - 2ND STEP, A _________ ________ is done to gain more insight into what the prospective business can and cannot do - preliminary evaluation, To recognize what______________ is likely to have, what opportunities to exploit, and what risks may jeopardize success - strengths and weaknesses the business, weaknesses the business can affect the operation business of the - UNCONTROLLABLE and CONTROLLABLE FACTORS, that influences business plan. - EXTERNAL (UNCONTROLLABLE FACTORS, which gives form and substance to the business plan - INTERNAL (CONTROLLABLE FACTORS), uncontrollable factors that influences business plan are: • Competition, Economic and Financial conditions, Legal regulations and Political conditions, Social and Cultural trends and Technology. - external, controllable factors which gives form and substance to the business plan are: • Purchasing , Production, Labor, Marketing and Finance - INTERNAL, Should state the OBJECTIVES of the plan or proposal as simply as possible. • For the KEY EMPLOYEES of the business, introduction should be a BRIEF DESCRIPTION of how the plan is to implemented - THE NTRODUCTION, Must indicate the PRESENT STATUS and PROSPECTS for the industry in which the proposed business will operate. • Any new products, markets and customers and any national. Regional or economic TRENDS that could have an impact to the venture must be DISCUSS. - THE INDUSTRY, To give a NAME to the TYPE and KIND of business to establish is the FIRST thing to do. • Consider the following in creating a business name. 1. EYE-CATCHING 2. SHORT AND CONCISE 3. EASY TO REMEMBER 4. RELATABLE - THE BUSINESS NAME, Defines the ROLE and FUNCTIONS of each employees. • It shows the FORMAL SEGREGATION and COORDINATION of each departments. • It depends on the TYPE and KIND of organization and the NATURE of business - THE MANAGEMENT, Customary to small companies and SIMPLEST FORM; executive lack specialization. - LINE ORGANIZATION, Applicable to large businesses; segregated two (2) types of staffs that are in general has ADVISORY function rather that COMMAND function - LINE AND STAFF ORGANIZATION, Permits a specialist in a give area to administer his command within a well-defined span of authority - FUNTIONAL ORGANIZATION, Also known as DEPARTMENTAL Organization which involves clustering of employees or functions with the same characteristics into one unit. A. Departmentalization by PRODUCT B. Departmentalization by CUSTOMERS C. Departmentalization by AREA D. Departmentalization by TIME - DIVISIONAL ORGANIZATION, A TEMPORARY organizational structure created for a specific project or over a limited period of time. • After finishing the project, it will be immediately demolished. • Can be used in PRODUCTION DEPARTMENTS, ENGINEERING, QUALITY CONTROL and MARKETING RESEAERCH - PROJECT ORGANIZATION, A combination of PROJECT and FUNCTIONAL structure and is formed to ADDRESS PROBLEMS that comes with project and functional structures. - MATRIX ORGANIZATION, Competition, Economic and Financial conditions, Legal regulations and Political conditions, Social and Cultural trends and Technology. - UNCONTROLLABLE FACTORS, Purchasing , Production, Labor, Marketing and Finance. - CONTROLLABLE FACTORS, helps push the company towards continuous success and remains the standard even during times of struggle - COMPANY OBJECTIVES, S.M.A.R.T - Specific, Measurable, Attainable, Realistic and Time-bound, sums-up WHERE the owner/s see/s the business is going while - Vision Statement, asserts HOW a company will reach its destination. - Mission Statement, It talks about the FUTURE. • To be effective, vison statement should be free from AMBIGUITY. • Should be REALISTIC ASPIRATION and aligned with the VALUES and CULTURE of your company - Vision Statement, It communicates the PRESENT heading to the FUTURE. • Main function is INTERNAL in nature • It lists the BROAD GOALS in which the company is FORMED. • Tells others WHY the company EXISTS and WHAT makes it DIFFERENT - Mission Statement, BUSINESS NAME CONSIDERRATION - 1. EYE-CATCHING 2. SHORT AND CONCISE 3. EASY TO REMEMBER 4. RELATABLE, OFFICIAL OUTLINE OF BUSINESS PLAN (adopted by areola and siggaoat 2017 - • COMPANY DESCRIPTION • MISSION STATEMENT OF THE BUSINESS • VISION STATEMENT OF THE BUSINESS • COMPANY VALUES • ORGANIZATIONAL STRUCTURE • TARGET MARKET • PLACE • PRODUCT/SERVICE • COMPETITIVE ANALYSIS • PRICE • S.W.O.T. ANALYSIS • PROMOTION AND POSITIONING • PROJECT COST • FINANCIAL PROJECTION • GANTT CHART, involves selling goods or services directly to the final consumer for personal or household use. - Retailing, involves selling goods in large quantities to retailers, other businesses, or institutional buyers, rather than directly to consumers. - Wholesaling, involves producing goods by processing raw materials or components into finished products using labor, machinery, and technology - Manufacturing, business provides intangible products, such as expertise, skills, or labor, rather than physical goods. - service, is the primary government agency responsible for promoting and regulating trade, industry, and investment in the Philippines - Department of Trade and Industry (DTI), The___ is the national government regulatory agency that supervises the securities market, regulates corporations and partnerships, and protects investors in the Philippines. • The is responsible for ensuring that the capital market operates fairly, efficiently, and transparently. - Securities and Exchange Commission (SEC), is the government agency responsible for the assessment and collection of all national internal revenue taxes, fees, and charges in the Philippines. - Bureau of Internal Revenue (BIR), only have 1 owner that operate the business alone, it has unlimited liabilities - SOLE PROPRIETORSHIP, business that runs by 2 or more people - PARTERSHIP, owned by shareholders where it has assigned board holders that shares one goal - company,

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