Entrepreneurship 2nd Semester 2024-2025 PDF

ENTREPRENEURSHIP 2 SEMESTER 2024-2025 ND GLENN A. TENEFRANCIA Doctor of Philosophy in Education-Curriculum and Instruction (USC) Master of Arts in Education-Educational Management (USC) Bachelor of Secondary Educat...

ENTREPRENEURSHIP 2 SEMESTER 2024-2025 ND GLENN A. TENEFRANCIA Doctor of Philosophy in Education-Curriculum and Instruction (USC) Master of Arts in Education-Educational Management (USC) Bachelor of Secondary Education-Filipino, Cum Laude (USJ-R) Licensed Professional Teacher Civil Service Eligibility  LEARNING ENGAGEMENT PRAYER Jesus, As I look forward to face Whatever the day may bring, Joy or sorrow, Health or sickness, Success or failure, Laughter or tears, I recall your love for us, Your faithful friendship to the entire world And to me, personally. Let me stray not from your commands. Let me never be far from your heart. Help me to share the gifts that I receive with all And to see your face in all my brothers and sisters. At the end of the day may I return to you And surrender the day’s work, love, heartaches, and joy With open hands and open heart. Amen.  REMINDER One week before your Prelim Exam and second meeting of the class will be your Business Concept Proposal. Prepare the following: 1 laptop for the whole class (all PPTS must be saved) 1 HDMI connector 1 PowerPoint presentation per group 1 rubric per group 1 rating form per learner After LE2,prepare for Q2.  QUICK RECAP Entrepreneurship Career Path: Game Who is the as subject in K12 Changer Vs Team Entrepreneur? Curriculum Player LEARNING ENGAGEMENT 2 : PLANNING THE ENTERPRISE Understanding the Importance of Planning 01 I can explain why planning is critical in starting and managing an enterprise, including its role in reducing risks, setting goals, and ensuring efficient resource allocation. 02 Developing a Comprehensive Business Plan I can create a business plan that outlines strategies for business growth and sustainability. 03 Applying Risk Mitigation Intervention I can identify potential challenges in an enterprise and initiate interventions to address risks, ensuring business stability and success. 04 Demonstrating Resource Management Skills I can demonstrate how to allocate resources effectively to maximize productivity and minimize wastage. BUSINESS CONCEPT Clarifies the Business structure PROPOSAL Facilitates Decision-Making Identifies Opportunities and Challenges A feasibility study in business development is a systematic process for assessing the practicality and viability of a proposed business idea, project, or venture. Its goal is to determine whether the idea is FEASIBILITY STUDY achievable within the given constraints—such as financial, technical, legal, and operational factors—and to evaluate the potential for success. Designing a business plan involves crafting a comprehensive document that outlines your business goals, strategies, and methods for achieving success. It DESIGNING serves as a blueprint for your business and is essential BUSINESS PLAN for attracting investors, securing loans, and guiding your operations WHAT IS A BUSINESS PLAN FOR? 1.Entrepreneur’s Blueprint Objectives Design and Structure Idea and Concept Note: Different business plans are prepared for different purposes.There are business plans written before setting up an enterprise, which is similar to a pre-feasibility study and a feasibility study. 2. Potentiality and Direction Possible investors, financiers, and other opportunities for expansion Growth and Development CONTENTS OF A BUSINESS PLAN 1. Introduction A. The Business Concept and the Business Model B. The Business Goals: Vision, Mission, Objectives, and Performance Targets C. The Business Offering and Justification 2. Executive Summary 3. The Business Proponents: Organizers with Their Capabilities and Specific Contributions 4. The Target Customers and the Main Value Proposition to the Customer 5. Market Justification Based on the Supply-Demand Situation 5.1 Customer Needs and Wants 5.2 Industry Dynamics 5.3 Macro-Environmental Factors (Business Opportunities and Threats in the Market and Quantifying Size, Potential, and Realistic Share of the Market) CONTENTS OF A BUSINESS PLAN… continued 6. The Product and Service Offerings 7. The Enterprise Strategy and Enterprise Delivery Systems: Business Competitiveness 8. The Financial Forecasts and Expected Returns, Risks, and Contingencies 9. Environmental and Regulatory Compliance 10.The Capital Structure and Financial Offering: Returns and Benefits to Investors.Financiers, and Business Partners The Business Concept and the Business Model The business concept must then be translated into a business model. A business model is how exactly the enterprise plans to make money out of the business. The following are areas which the business model must address: 1. How will the business raise revenues? What critical factors will cause the revenues to materialize? 2. Who will produce the goods or render the services? Will it be done in-house or outsourced or partly in-house and partly outsourced? 3. What will be the costs of making the enterprise products and the other costs of doing business? How will these costs be managed to ensure reasonable profits? What critical factors will drive the costs up and down? How can these factors be controlled? 4. What will be the major investments of the enterprise and their justification? How will these investments give the enterprise a competitive edge? 5. How will the enterprise finance the investments? How will the enterprise fund its growth? 6. What marketing strategies and channels will be used to deliver the goods to customers? 7. Under what terms and conditions will the enterprise enter into with its customers or marketing channels, its suppliers, and its other stakeholders? The Business Goals: Vision, Mission, Objectives, and Performance Targets The business goals show the future and long-term targets of the enterprise. Vision An idealized state that the enterprise wants to achieve at a specified future time Mission It is the purpose of the enterprise. Objectives It is a measurable result expected involving the customers, the market, and the financial outcomes desired. Performance Targets An indicator that provides the numerical or quantitative measure for every key result area. THE EXECUTIVE SUMMARY It contains everything relevant and important to the business audience. It is a synthesis of the entire plan. It must have the major argumentations of the business proponent on why the business will work and succeed. It should provide the business plan audience with all the arguments on why they should participate in the business venture. Highlights the good qualities of: 1. The business proponents and their partners; 2. The enterprise organization and its capabilities; 3. The technology providers and their expertise and experience; and 4. The suppliers and all the major service providers. THE BUSINESS PROPONENTS This section of the business plan presents information about the business proponents or stakeholders. There are four types of stakeholders: 1. Resource mobilizers and financial backers 2. Technology providers and applicators 3. Governance and top management 4. Operating and support teams THE TARGET CUSTOMERS AND THE MAIN VALUE PROPOSITION The business proponents must be very precise about the target market or target customers, considering the size and demography. The main value proposition is the unique selling proposition of the enterprise. It pinpoints what the customers buy, how they buy, when they buy, where they buy, and what convinces them to buy. MARKET DEMAND AND SUPPLY, INDUSTRY DYNAMICS, AND MACRO- ENVIRONMENTAL FACTORS Strengths, Weaknesses, Opportunities, and Threats (SWOT) Analysis Market Competition Affecting Factors Social Political Economic Ecological Technological PRODUCT/SERVICE OFFERING: DESCRIPTION, EVOLUTION, AND JUSTIFICATION The products/services must be described by highlighting the features and attributes that would most appeal to and give definite benefits to the target customers. The business plan should also prove that the products/services would be accepted and carried by the distribution channels. ENTERPRISE STRATEGY AND ENTERPRISE DELIVERY SYSTEM Inputs (resources mobilized) Throughput (transformation process where inputs are converted to output) Outputs (products/services) CONCERNING TO: Customer satisfaction level Sales and profits generated Performance of Employee FINANCIAL FORECASTS: EXPECTED RETURNS, RISKS, AND CONTINGENCIES The business plan must translate everything into financial forecasts and outcomes. Financial Forecast is the calculation of the expected/projected returns from the business. The important return calculations are the following: 1. Expected return on sales 2. Expected return on assets or investments 3. Expected return on stockholder’s equity CONCERNING TO: 1. Long term returns 2. Evaluation of both Business risks and the financial risks involved ENVIRONMENTAL AND REGULATORY COMPLIANCE The business plan adheres to and articulates with the laws, rules, and regulations governing the business and the industry, in which the enterprise is in. It should ascertain that all the necessary permits, licenses, and authority to use propriety intellectual capital had either been secured or would be secured. The business plan should also assure its audience that all the necessary local government ordinances and requirements will be followed by the enterprise. CAPITAL STRUCTURE AND FINANCIAL OFFERING: RETURNS AND BENEFITS TO INVESTORS, FINANCIERS, AND PARTNERS The business plan must appeal to its target audience. It must highlight for them the main features of the business plan that they are looking for.