[Group
2]
Entreprenuershi
p
Sir. Merwyn
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Baccay
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[Group
2]
Entreprenuershi
p
Sir. Merwyn
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Group
2 Alexis
Cabanos,
Ebarita, James
Ibana, James
Bucatcat,
Novelyn
Embile,
Shakina
Lerias, Rachel
Ykalina, Amelia
Group
2 Alexis
Cabanos,
Ebarita, James
Ibana, James
Bucatcat,
Novelyn
Embile,
Shakina
Lerias, Rachel
Ykalina, Amelia
[Group
2]
Entreprenuershi
p
Sir. Merwyn
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Baccay
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[Group
2]
Entreprenuershi
p
Sir. Merwyn
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Baccay
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Ic
Breeak
Ic
Breeak
Ic
Breeak
What seed
will
you grow?
This or
That?
This That
Or This or
That
Cauliflowe Pineappl
Would you rather pitch This That
your business idea to a
Or
panel of investors or to a
crowd of 500 customers?
This That
Or This or
That
Feijoa Sugar
Would you rather have a This That
brilliant idea but no team,
Or
or a great team but no
idea yet?
This That
Or This or
That
Banana Bell
Would you rather create a This That
product that helps the
Or
environment or one that
solves a daily
This That
Or This or
That
Avocad Kiwi
Would you rather risk This That
failing with your dream
Or
business or play it safe
with a stable but boring
This That
Or This or
That
Loquat Prickly
Would you rather spend a year
This That
perfecting your business plan
before launch, or launch quickly Or
and learn through trial and
error?
Thank Ic
you for
particip
Breeak
Ic
Breeak
Seeds of
Wisdom Tal
k
Seeds of
Wisdom Tal
k
Objectiv
es
Seeds x1
Bucatc
Stock
of at
Definition of Business
Wisdo x1
Plan
m Ykalin
Stock
a
Objectiv
es
Seeds x1
Bucatc
Stock
of at
Definition of Business
Wisdo x1
Plan
Ykalin
Stock
m a
Objectives
At the end of this module, the learner should be
able to:
1. Define business plan;
2. Discuss the characteristics, purpose and elements of
a business plan;
3. Develop a business plan for a proposed business; and
4. Value the importance of developing a
business plan.
Objectives
At the end of this module, the learner should be
able to:
1. Define business plan;
2. Discuss the characteristics, purpose and elements of
a business plan;
3. Develop a business plan for a proposed business; and
4. Value the importance of developing a
business plan.
Objectiv
es
Seeds x1
Bucatc
Stock
of at
Definition of Business
Wisdo x1
Plan
Ykalin
Stock
m a
Definitions of a Business Plan?
It is a written document describing in detail how a business - usually
a new one - is going to achieve its objectives. The business plan
sets out a written plan from a marketing, financial and operational
point of view. (Kenton, 2019)
A business plan is a written outline of the future of your company.
It's just a guide that details what you're trying to do and how you're
going to do it. It is also a road map that offers guidance so that a
company can prepare its future and help avoid road bumps.
Objectiv
es
Seeds x1
Bucatc
Stock
at
of Definition of Business
Wisdo x1
Plan
Ykalin
Stock
m a
Characteristi
cs
Seeds x1
Leria
Stock
of s
Purpose of a Business
Wisdo Plans
x1
m Bucatc
Stock
at
Characteristi
cs
Seeds x1
Leria
Stock
of s
Purpose of a Business
Wisdo x1
Plans
m Bucatc
Stock
at
Characteristics of a Business Plan
Writing a business plan is different from writing a story. Since people might read your
business plan while multitasking, it’s important to make it clear and effective.
The tips to create a good business plan using the
S- SMART acronym.
Use short simple sentences without jargon or acronyms, and organize information with
Simple/Specific
bullet points.
M - Measurable
Clearly defining goals with concrete, measurable objectives and specific
A- actions.
Focuses on listing realistic goals to achieve and suggests a document length of 20-30
Achievable/Attainable
pages plus 10 pages of appendices.
R-
Use simple charts to summarize data and including the company’s vision and
Realist/Relevant
T - Time-
mission.
Bound
Focuses on following a time-bound plan and ensuring that goals are achieved within the set
timeframe.
Characteristics of a Business Plan
Writing a business plan is different from writing a story. Since people might read your
business plan while multitasking, it’s important to make it clear and effective.
The tips to create a good business plan using the
S- SMART acronym.
Use short simple sentences without jargon or acronyms, and organize information with
Simple/Specific
bullet points.
M - Measurable
Clearly defining goals with concrete, measurable objectives and specific
A- actions.
Focuses on listing realistic goals to achieve and suggests a document length of 20-30
Achievable/Attainable
pages plus 10 pages of appendices.
R-
Use simple charts to summarize data and including the company’s vision and
Realist/Relevant
T - Time-
mission.
Bound
Focuses on following a time-bound plan and ensuring that goals are achieved within the set
timeframe.
Characteristi
cs
x1
Seeds Leria
Stock
s
of Purpose of a Business
Plans
Wisdo x1
Bucatc
m Stock
at
Purpose of Business
A business plan is an essential roadmap for business success. It describes the direction
Plans
the company is taking, what its goals are, where it wants to be, and how it is going to get
there (Dillon and Schmiester, 2020). Apart from these,
the value of creating a business plan before continuing with the actual implementation is
set out below,
1. It defines the business.
2. It sets the goals
3. It shows investors the viability of the business.
4. It is used to attract business partners,
5. It shows the organizational structure.
6. It prepares the business for uncertainties
7. It outlines all the costs and the downfalls of each decision a company makes
8. It presents the overview of the industry of which the business will be a part, and how it
will distinguish itself from its potential competitors.
Purpose of Business
A business plan is an essential roadmap for business success. It describes the direction
Plans
the company is taking, what its goals are, where it wants to be, and how it is going to get
there (Dillon and Schmiester, 2020). Apart from these,
the value of creating a business plan before continuing with the actual implementation is
set out below,
1. It defines the business.
2. It sets the goals
3. It shows investors the viability of the business.
4. It is used to attract business partners,
5. It shows the organizational structure.
6. It prepares the business for uncertainties
7. It outlines all the costs and the downfalls of each decision a company makes
8. It presents the overview of the industry of which the business will be a part, and how it
will distinguish itself from its potential competitors.
Characteristi
cs
x1
Seeds Leria
Stock
s
of Purpose of a Business
Wisdo x1
Plans
Bucatc
m Stock
at
Characteristi
cs
Seeds x1
Leria
Stock
of s
Purpose of a Business
Wisdo x1
Plans
m Bucatc
Stock
at
Elements of a Business
Plans
Seeds x1
Cabano
Stock
of s
Types of Business
Wisdo x1
Plans
m Embil
Stock
e
Elements of a Business
Plans
Seeds x1
Cabano
Stock
of s
Types of Business
Wisdo x1
Plans
Embil
Stock
m e
ELEMENTS OF BUSINESS PLAN:
1. Executive Summary
A brief overview of the entire business plan, including the mission
statement and key offerings. Though placed first, it's written last and is
essential for attracting funding.
2. Business Description
Explains what the business does, the problems it solves, and its target
customers. It also outlines industry trends and projected sales.
3. Market Analysis
Details market research to identify target customers and understand
industry trends and demands.
ELEMENTS OF BUSINESS PLAN:
4. Competitive Analysis
Assesses direct and indirect competitors, their strengths and weaknesses,
and how the business will stand out and overcome entry barriers.
5. Sales and Marketing Plan
Describes promotional strategies, pricing, advertising, and how the business
will attract and persuade customers.
6. Ownership and Management Plan
Outlines the company's legal structure, management team, and their roles
and expertise.
7. Operating Plan
Explains daily operations, location, equipment, staffing, inventory, and
production processes.
ELEMENTS OF BUSINESS PLAN:
8. Financial Plan
Summarizes funding needs, financial statements, and the company’s
financial outlook, including key financial data for tax reporting.
9. Appendices and Exhibits
This section includes supporting documents that strengthen and validate
your business plan. These may consist of feasibility studies, business
photos, licenses, patents, credit reports, resumes, marketing materials,
contracts, and other legal agreements. These items provide evidence of the
business's credibility, preparedness, and potential for success.
Elements of a Business
Plans
Seeds x1
Cabano
Stock
of s
Types of Business
Wisdo x1
Plans
Embil
Stock
m e
Types of Business
plan
1. Summary Business
plan plan is 10 to 15 pages long, and it works
A summary business
best for new ventures in the early stages that want to test the
waters to see if investors are interested in their idea.
2. Full Business
plan plan is usually 25 to 35 pages long, and it works
A full business
best for ventures that need funding and want a blueprint for
their company’s operations.
[Link] Business
plan business plan ranges from 40 to 100 pages, and
An operational
it is meant primarily for an internal audience as a tool for
guiding a new venture’s operations and managers.
Elements of a Business
Plans
Seeds x1
Cabano
Stock
of s
Types of Business
Wisdo x1
Plans
m Embil
Stock
e
Elements of a Business
Plans
Seeds x1
Cabano
Stock
of s
Types of Business
Wisdo x1
Plans
Embil
Stock
m e
Seeds
of Tal
k
Wisdo
m
Seeds
of Tal
k
Wisdo
m
Reminders by
Ryzza Mae D.
Zon
• A business plan is a written document
describing how businesses-both new and
established-plan to achieve their goals.
• Businesses may come up with a
lengthier traditional business plan or a
shorter lean startup business plan.
• Good business plans should include an
executive summary, products and
services, financial planning, marketing
strategy and analysis, financial planning,
and a budget.
• Lastly, don't forget to chacharap
[Group
2]
Entreprenuershi
p
Sir. Merwyn
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Baccay
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[Group
2]
Entreprenuershi
p
Sir. Merwyn
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Baccay
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[Group
2]
Entreprenuershi
p
Sir. Merwyn
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Baccay
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