Reviewer Entrep (Abm2) PDF

ENTREP Fundraiser - Raises money for a specific purpose and meant not to make profit but LESSON1 for maintaining the organization Entrepreneurship...

ENTREP Fundraiser - Raises money for a specific purpose and meant not to make profit but LESSON1 for maintaining the organization Entrepreneurship LESSON2 is the process of designing, Some business plans are written during the launching, and running a new first few years of the enterprise in order to business which is often initially a guide the entrepreneur on which strategies small business. The people who would be most beneficial for the enterprise. create these businesses are called Other business plans are focused on entrepreneurs. bringing the enterprise to a higher level of It is a firm that operates and growth. a business plan serves the implements a combination of new entrepreneur who must set a navigational activities such as product course. development, marketing, resources for raw materials, manufacturing It also serves the investors and cautious approach, and new organizational financiers. structures. Schumpeter 1934 and Dollinger (1995) It also serves the managers and staff of the organization so that they will know the Employment strategies and programs of the enterprise. It is an activity in which one is LESSON3 engaged or employed The extent or degree to which a Business Proponents labor force is employed - Contains information about the business Common Traits of Successful proponents or stakeholders. Entrepreneurs Types of Stakeholders Proactive, Agents of Change, Have a sharp eye for opportunity, Innovative, Risk Taker 1. Resource mobilizers and financial career opportunities Business Consultant. backers (to share the burden of raising money) Also known as Management Analyst, 2. Technology providers and Identifies client's problem and find solutions applicators ( sufficient funds to pay for it for the technology) 3. Governance and top management Sales Manager - Knows how to represent a (what strategies and performance company and follow up leads, Designing indicators are being proposed) and implementing strategic sales plans 4. Operating and support team (what programs,activities tasks and resources would be in place) DUTIES AND RESPONSIBILITIES Finance Department Chief Executive Officer (CEO) Handle the money well including the incoming and outgoing cash flow Also known as the president or Report about the expenses growth managing director Should prepare a financial report Has the highest ranking in the organization Human Resource Department : In charge Creating the mission and vision of of the development of the employees the company Evaluating the work of other Keeping employees record and directors in the company profile Employees evaluation Marketing Director Appraisal, reward system and disciplinary sanctions and actions Responsible for the marketing and communications strategy of the LESSON4 company Overall branding and image Main Value Proposition Creates the calendar of campaigns and events It summarizes why a customer Creates the virtual store, print ads should choose your product. Its the relevance and uniqueness of Production Director the benefit that the consumer gets from buying or owning products firm Ensures the productivity of the company is optimized LESSON5 overseeing the workforce in the production department Purchase all the necessary supplies and raw materials needed for the mass production Report on the quality of the product and status on the number of productions Public Relations Source out quality suppliers, connections, linkage, community LESSON6 partners (CSR) Collect customers' feedback Financial Forecasting: Ensure customers satisfaction -is rendering into numbers of the Create media that will shape public assumptions that entrepreneurs make of the opinions of the company following: Increase awareness of the brand  how their sales will move Socio - Economic Aspect how costs will behave what kind of profit they will attain 1. Government what assets they will require, and how they will finance those assets The primary focus of Khombi company is to gain more profit as well as to focus on being FINANCIAL STATEMENTS socially responsible to the government by paying taxes right on time and municipal or It is a formal record of the financial business license in order to allow the activities of an entity. company to do business. The company will It also quantifies the financial make sure that all permits must be paid on strength, performance and liquidity time and renewed annually. of a company. 2. Customer Elements Of the Income Statement Khombi will make sure that in every Revenues or Income: Service Income- transaction customers are well served and revenue derived from rendering services are fully satisfied. It aims to provide quality made and innovative product such as "Mush Sales or Sales Revenue :is used to Chorizo" which will bring a significant effect describe revenue derived from selling on how their customers will view their goods. business by helping them provide a product that can perceived with value. SALES :it is the total amount of revenue produced by the business Operating Expenses - are expenses related to the everyday operation of the business. Includes salaries of employees, supplies, utilities(electricity,telephone and water bills), gasoline expense, representation, bad debts expense, depreciation, and amortization. LESSON7 You may also create laws on the following: 1. Negligence in the performance 2. Absences 3. Resignation 4. Performance appraisal 5. Benefits Content of business plan must be sufficient in size has paying capacity I. Introduction has interest in paying the product The Business Concept and V. Market Demand and Supply, Industry Business Model Dynamics, and Macro Environmental The Business Goals: Vision, Factors Mission, Objectives and Performance Targets The business plan should estimate The Business Offering and the total market supply and demand Justification for the product offerings and determine the major critical factors II. Executive Summary that influence it. It is the synthesis of the entire Industry Dynamics business plan. Contains the major argumentations It is the study of the means and of the business proponent on why processes through which industries the business change over time through their own processes of evolution. will work and succeed Macro Environmental Factors III. Business Proponents Social Environment Introduction (what is the chapter Demographic and cultural about) dimensions Organizational Chart ( tasking. who is the CEO etc) Political Environment Presentation of each person, his task/functions in each department Includes the laws, rules, and regulations on allowable and IV. The Target Customers and the Main disallowable business practices Value Proposition Economic Environment Market - by supply, and demand forces It is a group of customers or potential customers who have Ecological Environment purchasing power and unsatisfied Includes all-natural resources and needs. the ecosystem Target Market The specific group of people that Technological Environment you want to sell to. The intended recipients of a firm's New scientific and technological products or services. discoveries that leads to the launch  of new commercialization of new comparing companies, the company with products higher ROA is judged to be more profitable. VI.The Product and Service Offerings Return On Equity(ROE) - it measures the Purpose of the Product Product’s Unique return or net income generated by the Features Sample image of products capital invested by the owner in the business. The company with higher ROE is VII.The Enterprise Strategy and judged to be more profitable. Enterprise Delivery Systems:Business Competitiveness Enterprise Strategy (ES) -Mapping of the competitive landscape -Situating the enterprise and its competitors as to their strategies and chosen positioning VIII. Financial Forecast and Expected Returns IX. Environmental and Regulatory Compliance The business plan must articulate Laws Rules and regulations governing the business and the industry that the enterprise is in. X. Capital Structure and Financial Offering: Returns and Benefits to Investors, Financiers and Partners Profitability Ratios Return on Sales(ROS) or Net Profit Margin- the ratio of net profit to sales. Expresses net income as percentage of sales. A company with a higher net profit margin is considered more profitable. Return On Assets (ROA) - measures the profitability of company's assets. It also measures the company's efficiency to generate income by employing its assets. In