TLE—BPP 2ND GRADING REVIEWER PDF

TLE—BPP 2ND GRADING 2. People interest Business interests of individuals REVIEWER vary....

TLE—BPP 2ND GRADING 2. People interest Business interests of individuals REVIEWER vary. 3. Supplies of inputs Continuous supply of raw BUSINESS PLAN materials. An essential piece of information about 4. Capital your business. Money—a very important factor. Focuses on the 4 P’s—Product, Prices of the 5. Skills products, Place, Promotion. Appropriate skills are needed. IMPORTANCE OF A BUSINESS PLAN Entrepreneurs should be 1. Planning must be realistic knowledgeable in managing the Must be based on available business to succeed. resources. 6. Manpower 2. It must be based on needs of the people Depends greatly on people. Objective should fit the needs of 7. Technology the people in the community. Innovations always influence 3. It must be simple and short business. Require only simple management ULTIMATE GOAL OF A BUSINESS and technology. KISS—keep it ★ Profit simple, sweetie. ★ Satisfying the needs of the consumers in 4. It must be flexible a community Should be adjustable to changes. ★ Availability of resources CHARACTERISTICS OF A GOOD BUSINESS PLAN 2 TYPES OF LINKAGES OF RESOURCES ★ Short and Simple 1. Backward Integration ★ Interesting The owner of the enterprise who ★ Easy to understand controls the inputs of production. ★ No typing Errors 2. Forward Integration ★ Printed and Bound The entrepreneur who controls the ★ Use spreadsheets and graphs marketing scheme of the COMPONENTS OF BUSINESS PLANNING enterprise. 1. SWOT Analysis ( Strengths, Weakness, PARTS OF THE BUSINESS PLAN Opportunities and Threats ) ★ Introduction Assessing a business; resources - Explains the background and and environment rationale of the business. 2. Objectives ★ Summary Should be SMART—Specific, - The name of the project/business. Measurable, Achievable, Relevant, ★ Vision of the Business and Time-bound. - Workforce who will be in charge 3. Strategies during the operating period. Ways or methods of accomplishing - Project Time Table–PERT chart. the objectives. ★ Strategies 4. Time frame - High-level plan or approach to Time is gold—proper use of time achieve specific goals or saves time and effort, thus objectives. increases profits. ★ Market Analysis PERT—Program Evaluation and - Marketing concepts determine the Review Technique : used to monitor customers’ needs first—marketing and control scheduled activities. is customer-oriented. Event—completion of each PARTS: activity. The overall market BUSINESS OPPORTUNITY description Involves sale or lease of any product, Changes in the market service, equipment that will enable the Market segments purchaser-licensee to begin a business. Target markets and FACTORS OR RESOURCES TO BE EVALUATED customers 1. Markets Customer characteristics Whether they are concentrated in Customer needs the rural areas or the cities. Customer buying decisions ★ Competitive Analysis 3. Break-even - An assessment of your competitors analysis—shows how you and the competitive landscape in will spend before the which your business operates. business becomes PARTS: profitable. Nature of competition Changes in the industry PETIT FOURS Primary competitors Small confectionery of savory appetizer; Opportunities French name petit four means “small oven”. Threats and risks CATEGORIES OF PETIT FOURS ★ Product/services 1. Glacè ( GLAZED ) - Goods and offerings that a - Iced or decorated tiny cakes business provides to its customers covered in fondant or icing, small in exchange for payment. eclairs, and tartlets. PARTS: - Most common type of petit fours; Products/service sponge cake or pound cake with description layers of chocolate, fruit, or Competitive evaluation of buttercream in the center. products/services Example: cookie bars, mini eclairs, ★ Marketing Sales mini cakes, tartlets, cream puffs. - Two essential components of a business that work together to 2. Salè ( SALTED ) attract customers, generate - Savory bite-sized revenue, and drive growth. appetizers—served at cocktail PARTS: parties or buffets. Marketing strategies Example: chocolate salted caramel, using 4 P’s salted peanut butter, and dark Kind of products chocolate truffles. Place of business 3. Sec ( DRY ) Promotion/incentives - Created with cookies rather than Pricing of products to be cake and can also be created using sold butter or sugar cookies. ★ Operational/Organizational Structure 4. Frais ( FRESH ) - Fundamental components of a - Highly perishable—must be eaten business—determines how it that day when kept at room functions, how responsibilities are temperature. assigned, and how decisions are Example: made. Refrigerator cookies—lemon PARTS: cheese cookies, crispy almond Human resources cookies, butterscotch ice box, etc. Product/service delivery Miniature tarts, fruit, lemon curd, Customer service fruits, etc. ★ Financial Status of the business COOKIES - Explains how much money is “Little cakes” involved and where the money will Flat, sweet, and small and made of a variety come from—action plan. of shapes, color, and flavors and also served Balance sheet projection/cash in many ways. flow: TYPES OF COOKIES 1. Income 1. Dropped Cookies statement—project the - Irregular and unevenly shaped. profits and losses of the Example: Oatmeal cookies, business over a period of crinkles. 3-5 years. 2. Rolled Cookies 2. Cash flow - Dough-rolled out and cut with statement—shows where special cutters to form shapes that and when the cash will be fit special occasions; valentines, spent and raised over. christmas day, easter. Example: Chocolate pinwheel.  3. Pressed or Bagged Cookies - Richest and most festive—made with more butter and pressed with cookie press or pastry tube to form rosettes, rings, or ribbons. Example: Lengua de Gato, Butter Cookies. 4. Cookie Bars - Cakes cut into bars after baking - Cut them into one-inch squares or 1’2 inch bars. Example: Chocolate Brownies. 5. Refrigerator Cookies - Frozen and cut into desired shapes before baking; all-purpose flour/cake flour. - Require less liquid than cakes or none when eggs are added. Examples: Lemon cheese cookies. 6. Molded Cookies - Stiffer dough molded into balls or other shapes. - Rich in butter, hand-formed cookies can be simple but generally tend to be fancy because there are lots you can do with the pliable dough they are made from. Example: Peanut butter cookies, Gingerbread men. COLORS 012A4A 01497C A9D6E5