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Entrep Module 7 Business Plan

This document provides information about crafting a business plan, including its purpose and key components. It explains that a business plan serves as a blueprint for a business and is required to seek loan funds. The document outlines 10 areas of research an entrepreneur must conduct to write an effective plan, such as understanding customers, competitors, and financial needs. It then describes the main parts of a business plan, including an executive summary, vision/mission statements, business description, marketing plan, operations plan, management plan, and financial projections. References for further reading on entrepreneurship and business plans are also included.

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KJ Jones
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2K views

Entrep Module 7 Business Plan

This document provides information about crafting a business plan, including its purpose and key components. It explains that a business plan serves as a blueprint for a business and is required to seek loan funds. The document outlines 10 areas of research an entrepreneur must conduct to write an effective plan, such as understanding customers, competitors, and financial needs. It then describes the main parts of a business plan, including an executive summary, vision/mission statements, business description, marketing plan, operations plan, management plan, and financial projections. References for further reading on entrepreneurship and business plans are also included.

Uploaded by

KJ Jones
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ENTREPRENEURSHIP

Governor Pack Road, Baguio City, Philippines 2600


Tel. Nos.: (+6374) 442-3316, 442-8220; 444-2786;
442-2564; 442-8219; 442-8256; Fax No.: 442-6268 Grade Level/Section: GRADE 12
Email: email@uc-bcf.edu.ph; Website: www.uc-bcf.edu.ph

MODULE 7 – ENTREP Subject Teacher: Kenny Jones A. Amlos

Crafting a Business Plan


Objectives:
At the end of the lesson, the learners are expected to:
a) Describe parts of a business plan
b) Develop their own business plan

What is a business plan?


- is a formal statement or document that contains the plan for the business that is to be
launched, if it is a start-up business, or of the expansion of business, if a business already exists.

There are two main purposes for writing a business plan. The first, and most important, is to serve as
a guide during the life of your business. It is the blueprint of your business and will serve to keep you on
the right track. To be of value, your plan must be kept current. If you spend the time to plan ahead,
many pitfalls will be avoided and needless frustrations will be eliminated. Second, the business plan is
a requirement if you are planning to seek loan funds. It will provide potential lenders with detailed
information on all aspects of the company's past and current operations and provide future
projections.

What are some information that an entrepreneur must research and know in order to write the
business plan?
1. The business product or service.
2. The problem it is trying to solve or the need that it is trying to provide.
3. The customers of the business, and how the business will market and sell its products to
them.
4. The size of the market
5. The business model or the way the business will make money.
6. The competitors
7. The operations – personnel, processes, machine, and equipment
8. The management and the business structure
9. The capital and resources needed, and where to source them.
10. The financial statements

PARTS OF BUSINESS PLAN


- Executive Summary: The executive summary is usually a one-page overview of the business and
the highlights the important points of the business plan.
- Vision Statement and Mission Statement: The vision statement describes where the business is
headed and the future state that it plans to be. The mission statement describes what the
business does, or what the business is all about.
- Business Description: This provides a complete description of the business- its products or services
and organization. It can also include the registrations, location, and premises.
- Industry Background: This portion describes the business environment and mentions the industry
where the business is categorized, as well as how this industry is performing in the present and
the projections in the future.
- Competitor Analysis: This is the identification and analysis of the various competitors of the
business.
- Marketing Plan: The market analysis describes the market conditions and the marketing plan
that the business will deploy, including how the products and services will be priced, promoted
and distributed. It contains key marketing targets and strategies for delivering on these targets.
- Operations Plan: The operations plan discusses how the products and services will be produced,
as well as the personnel, purchasing, processes, machines, and equipment to be used.
- Management and Organization Plan: The management and organization plan describes the
business structure, the organizational chart, the qualifications of the management, and the
responsibilities of all involved in the business.
ENTREPRENEURSHIP
Governor Pack Road, Baguio City, Philippines 2600
Tel. Nos.: (+6374) 442-3316, 442-8220; 444-2786;
442-2564; 442-8219; 442-8256; Fax No.: 442-6268 Grade Level/Section: GRADE 12
Email: email@uc-bcf.edu.ph; Website: www.uc-bcf.edu.ph

MODULE 7 – ENTREP Subject Teacher: Kenny Jones A. Amlos

- Financial Plan: The financial plan contains the financial statements that will show the profitability,
liquidity, and stability of the firm, as well as the sourcing of funding. It contains costing and
financial projections.
- Appendices and Milestones: The appendices are additional information that provide support to
the information presented by the business plan. These may include resumes, maps, and financial
tables. The milestones are a schedule which identifies important dates or deadlines for the
business.

References:
Edralin,D.M. Entrepreneurship. Quezon City: Vibal Group Inc.
Kawasaki, G. (2004). Art of start: The time-tested, battle-hardened guide for anyone starting anything. USA:
Penguin Group
Macantay, L. A. (2015). Entrepreneurship. Makati City: Salesiana Books

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