ENTREP "business plan"
Wealth and Improvement approches
describes the methodologies or approaches that will be taken by the business in order to: 1.Maintain a competitive advantage 2.Position the business in the market 3.Improve the market share 4.Maximize the utilization of the resources
Address of the Business
email address is also necessary nowadays to facilitate electronic communication between the business and the customers
Vision, Mission, Goals, and Objectives of the Business
embodies the fundamental characteristics, nature, philosophical values, identity, and image of the business.
1.Proximity of the target customers 2.Distance from the sources of raw materials, labor, and utilities 3.Availability and cost of transportation 4.Peace and order situation 5.Presence of direct competitors 6.The geographic and climatic conditions
Location of the Business Factors
may consist of the following important sections: 1.Product 2.Place 3.Price 4.Promotion 5.People 6.Packaging 7.Positioning
MARKETING PLAN may contain sections:
Name of the Owner
for business venture that will operate as a corporate entity, the names, nationalities, and addresses of the incorporators must be given
Name of the Owner
for partnership, the names of the owners, including the extent of their liabilities, must be indicated
Business and product position
help determine how the business defines its coarse and the process of the accumulating wealth
APPENDIX
holds the entire plan's supporting documents in a clear, well-organized fashion
PRODUCTION PLAN
includes the following: 1. Production schedule 2. Production process 3. Processing plant and equipment 4. Source of materials 5. Production cost
APPENDIX
is like the business plan's own mini library
PRODUCTION PLAN
it is the result of the industry analysis, particularly on the study of supply and demand and consumer behavior
ENVIRONMENTAL ANALYSIS
may consist of at least 20 pages including the graphical representations, tables, and computations
INTRODUCTION
may consist one to two pages
BUSINESS DESCRIPTION
may cover 2-3 pages
Description of the Business
may include brief information about the ultimate mission, vision, and objectives of the business
Proposed name of the business
must Profess the brand identity of the product
BUSINESS DESCRIPTION
must also include the following: product or service that it plans to produce or serve, various plant and office equipment, size of the proposed business, future parties with whom contacts may be necessary personnel requirement, Administrative operation
Funding Requirement and Source
must also mention the estimated period to settle the funding source provided by creditors.
Proposed name of the business
must attract or influence the target customers
Business model
must basically reflect the certain innovations that will indicate the competitiveness of the business in the industry
Business and product position
must be able to convince the readers that the proposed business has a competitive advantage in the market
Vision, Mission, Goals, and Objectives of the Business
must be clearly stated and easily understood
Name of the Owner
must be properly stated
Vision, Mission, Goals, and Objectives of the Business
must be reviewed and revisited at least every three years to determine whether they are still reasonable and achievable
EXECUTIVE SUMMARY
must be written in a simple language that can be easily understood and at the same time attract the attention and influence the decision of the reader
Parties supporting the business
must cover 3-5 pages
Business model
must define how the business gives importance to its relations with customers, creditors, suppliers, and internal human resources
Description of the Business
must include information about the type of product or service the business intends to provide
Parties supporting the business
must include the description of the parties that have a direct relationship with the business like: 1.Consumers 2.Creditors 3.Suppliers 4.Employees and staff
BUSINESS DESCRIPTION
must include the innovative features of the business
EXECUTIVE SUMMARY
must not provide a summary of the different major sections of the business plan
Proposed name of the business
must promote the philosophical values and culture that the business values most
Proposed name of the business
must reflect the business identity and image
OPERATION PLAN
outlines the various activities, from the acquisition of raw materials to the delivery of the products
EXECUTIVE SUMMARY
points out the overall highlights of the business plan as well as a bird's-eye view of its sections
INTRODUCTION
presents the general perspective of the business
Funding Requirement and Source
presents the source/s of funds
BUSINESS DESCRIPTION
reason/s for the selection of the form
The address of the Business
should be correctly written because all business correspondence is mailed to the business address
Funding Requirement and Source
should include the projected breakdown of allocation of the total cost
FINANCIAL PLAN
simply collates and describes the various sets of information derived from the other sections of the business plan
Business and product position
tells the size of the market and the target market share of the business and product
Wealth and Improvement approches
this also includes a brief discussion of the marketing policies and financial operations of the business, and the profitability level of the industry and of the business
DTI
three suggested names must be submitted to DTI
Description of the Business
you can also mention other products or services that the business plans to produce or provide
Location of the Business
Basic entrepreneurial consideration is to place the proposed business in a strategic location that will assure competitive advantage.
Test of Possibility
Business idea should have positive results
ENVIRONMENTAL ANALYSIS
A strategic tool that helps determine the external and internal factors affecting the performance of the business. (political, economic, social, or technological)
Test of Feasibility
Also known as the Test of Viability
MARKETING PLAN
Details how the proposed business will sell its product to the target consumers
Funding Requirement and Source
Estimated initial cost of the business venture must be clearly indicated
Address of the Business
Exact business address
1.Vision, Mission, Goals, and Objectives of the Business 2.Business model 3.Business and product position 4.Wealth improvement approaches 5.Parties Supporting the business
Executive Summary sections
Location of the Business
Indicates the reason/s for the selection of the location
The Business Plan
Must be prepared before opening a new business
Address of the Business
No additional description is provided to highlight the exact business address
The Business Plan
Prepared using a scientific approach
PRODUCTION PLAN
Presents or describes activities related to the production of goods
BUSINESS DESCRIPTION
Presents the nature (merchandising, service, manufacturing, or a hybrid) and form (sole proprietorship, partnership, or corporation) of the business to be undertaken
ORGANIZATIONAL PLAN
Provides a detailed description of the business in terms of the following: 1. Form of the business organization 2. Liability of the owner or owners 3. Organizational Structure 4. Roles and responsibilities 5. Salary requirements
The Business Plan
Roadmap of a new business
Feasibility Study
To determine whether the proposed business is feasible or not
FINANCIAL PLAN
accumulates and describes all the data expressed in monetary units from the other sections of the business plan
Incorporators
are persons who originally formed the corporation
FINANCIAL PLAN
composed of the following important areas: 1.Major assumptions 2.Projected statement of comprehensive income 3.Projected statement of cashflows 4.Projected statement of changes in equity 5.Projected statement of financial position 6.Financial statement analysis
ENVIRONMENTAL ANALYSIS
considered the heart of the business plan
APPENDIX
consist of an array of documentation that ranges from receipts and bank statements to contacts and inventories
ENVIRONMENTAL ANALYSIS
consists: Global Analysis, Societal Analysis, Industry Analysis
OPERATION PLAN
covers the following areas: 1. Evaluation of suppliers 2. Materials requisition and receiving procedures 3. Storage and inventory control system 4. Shipment system and control 5. Functions of support services
Business model
defines the perspective of the business in terms of its structure, production, operation, and financial activities that will lead to the achievement of the VMGO
