ENTREP "business plan"

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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


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