Business Plan PDF

BUSINESS PLAN KYLA SOMBILLO - EDILLOR OBJECTIVE: ◦Define what a business plan is. ◦Identify the importance of business plan. ◦Identify the components of a business plan ◦ Start creating a business plan  SHARE YOUR IDEA 1. What specific business you are planning to venture? 2. Do you think this...

BUSINESS PLAN KYLA SOMBILLO - EDILLOR OBJECTIVE: ◦Define what a business plan is. ◦Identify the importance of business plan. ◦Identify the components of a business plan ◦ Start creating a business plan  SHARE YOUR IDEA 1. What specific business you are planning to venture? 2. Do you think this will be successful? Why? 3. How will you ensure you prepare yourself on your future business endeavor? W A T C H AND L E A R N Processing Questions: Based on the video, what is a business plan? What questions should you ask yourself when creating a business plan? Is business plan important in any business ventures? Why? What is Business Plan is a formal statement or document that contains the plan for the business that is to be launched, if it is a start-up business, or of the expansion of business, if a business already exists  Purposes of Business Plan 1. Presents a general picture of the enterprise. What will the business be? What goods will be sold? Who will manage the business? 2. Provide guidance for investment decisions and capital expenditures. What will be the business like? What kind of business will be established? Where would the raw materials come from? How much your needed start-up capital? 3. Serves as a guide in the implementation of the plan for business including marketing, production, organizational, and financial aspects of the enterprise. 4. Serves as a selling tools for encouraging investment and financing. COMPONENTS OF A BUSINESS PLAN  EXECUTIVE SUMMARY ◦The executive summary is usually a one to three pages overview of the business and the highlights the important points of the business plan  INTRODUCTION ◦It covers the description of the business, the goals and why the business is a good venture to start. It gives a general overview and excites the reader to keep them interested.  BUSINESS DESCRIPTION ◦This provides a complete description of the business - its products or services and organization. It can also include the registrations, location, and premises  INDUSTRY ANALYSIS ◦This portion describes the business environment and mentions the industry where the business is categorized, as well as how this industry is performing in the present and the projections in the future.  MARKET ANALYSIS ◦It involves the search for, and analysis of data that can be used to identify, isolate, describe and quantify a given market, or group of customers. The size, characteristics, and direction of market movement are the basic area of interest.  MARKETING PLAN ◦A marketing plan is a strategic roadmap that businesses use to organize, execute, and track their marketing strategy over a given time period.  PRODUCTION OR OPERATIONAL PLAN ◦It serves as a guide for your company’s production activities. It establishes and sequences activities which must be carried out to achieve a production target, so that all staff involved are aware of who needs to do what, when, where, and how.  ORGANIZATIONAL PLAN ◦The management and organization plan describes the business structure, the organizational chart, the qualifications of the management, and the responsibilities of all involved in the business.  FINANCIAL PLAN ◦ The financial plan contains the financial statements that will show the profitability, liquidity, and stability of the firm, as well as the sourcing of funding. It contains costing and financial projections.  APPENDICES ◦ The appendices are additional information that provide support to the information presented by the business plan. These may include resumes, maps, and financial tables. FOCUS GROUP DISCUSSIONS Conduct a focus group discussions and answer the questions that follow: a. Why do you want to venture into a business? b. What product do you want to sell? c.1 To whom do you want to sell your products or services? c.2 Who are your competitors on the product you want to sell? d. Where do you want to sell your products? e.1 How will you source your products? e.2 How will you market your products? e.3 How will you send or deliver your products? e.4 How will you proceed with your day-to- day operation? f.1 How much capital will you put out? f.2 How much is the initial investment of the product you are selling? f.3 How much do you want to sell your product for? f.4 How much does your day-to-day operation cost? f.5 How much money do you want to earn in a month? f.6 How will you get your return-on- investment? f.7 How long do you want to work for your return on investment?