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    Introduction To Business Plan Preparation

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    Gino Lacandula
    This document provides an introduction to business plan preparation. It outlines the key sections that should be included in a business plan such as the introduction, organization/management plan, marketing plan, production/operational plan, and financial plan. The introduction section specifically should include the proposed business name, address, owner names, business description, location, and funding requirements. Developing a thorough business plan is important to help secure financing, set objectives, and reduce risk for a new business venture.

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    Introduction To Business Plan Preparation

    Uploaded by

    Gino Lacandula
    124 views25 pages
    This document provides an introduction to business plan preparation. It outlines the key sections that should be included in a business plan such as the introduction, organization/management plan, marketing plan, production/operational plan, and financial plan. The introduction section specifically should include the proposed business name, address, owner names, business description, location, and funding requirements. Developing a thorough business plan is important to help secure financing, set objectives, and reduce risk for a new business venture.

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    Introduction to Business Plan Preparation

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    This document provides an introduction to business plan preparation. It outlines the key sections that should be included in a business plan such as the introduction, organization/management plan, marketing plan, production/operational plan, and financial plan. The introduction section specifically should include the proposed business name, address, owner names, business description, location, and funding requirements. Developing a thorough business plan is important to help secure financing, set objectives, and reduce risk for a new business venture.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    124 views25 pages

    Introduction To Business Plan Preparation

    Uploaded by

    Gino Lacandula
    This document provides an introduction to business plan preparation. It outlines the key sections that should be included in a business plan such as the introduction, organization/management plan, marketing plan, production/operational plan, and financial plan. The introduction section specifically should include the proposed business name, address, owner names, business description, location, and funding requirements. Developing a thorough business plan is important to help secure financing, set objectives, and reduce risk for a new business venture.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 25

    INTRODUCTION TO BUSINESS

    PLAN PREPARATION
    At the end of this lesson, the learner should be able to implement the business plan.
    Specifically, the learner must be able to :

    + Define business plan,


    + Specify the different sections of the business plan, and
    + Identify the information included in the Introduction section of
    the business plan.
    + Give the importance of the business plan
    Four Pics, One Word

    W_ _ T_ _ N
    Four Pics, One Word

    _O__M__T
    Four Pics, One Word

    ___N
    Four Pics, One Word

    O__R_T_
    Four Pics, One Word

    __S__E_S
    Four Pics, One Word

    __A_
    1. Which of the following BEST described a business plan?
    a. A gallery of photos that explains the location and construction
    of the business
    b. A written plan that is a description of all the aspects of the
    business and includes the business's goals
    c. A collection of plans that are combined from different
    business and then analyzed and compared to your business
    d. A list of guidelines that tell successful business's how to run
    their company in order to make a profit.
    2. What are the advantages of creating a business
    plan?
    a. To secure financing
    b. Allows the entrepreneur to focus on what they want
    to accomplish
    c. To set better objectives and benchmarks
    d. All of the above
    3. Who should prepare the business plan?
    a. Anyone
    b. Someone on the business
    c. Entrepreneur
    d. Stakeholder
    4. What section of the business plan can we find
    the Proposed Name of the Business, Address of
    the Business, Name of the Owner or Owners,
    Description of the Business, Location of the
    Business, Funding Requirement and Source?
    a. Introduction
    b. Organizational Plan
    c. Production Plan
    d. Operation Plan
    5. Which of following is the LEAST factor to be
    considered when deciding on the location of the
    proposed business?
    a. Distance from the sources of raw materials, labor, and
    utilities
    b. Peace and order situation
    c. The geographic and climatic conditions
    d. Proximity to the house of the owner of the business
    Business Plan
    + is a detailed and integrated written document that describes the
    various activities involved in opening and operating a new
    entrepreneurial venture.

    + is also a road map that provides directions so a business can


    plan its future and helps it avoid bumps in the road. It is the
    only single written document that must be prepared before
    opening a new business or expanding an existing business.
    Reasons Why You Need to Prepare a Business
    Plan for Small Business
    + To help you with critical decisions
    + To avoid the big mistakes
    + To prove the viability of the business
    + To set better objectives and benchmarks
    + To secure financing
    + To reduce risk
    Introduction
    The introduction presents the general perspective of the business. It may
    consist of one to two pages. It includes, among others, the following sections:
    1. Proposed Name of the Business
    2. Address of the Business
    3. Name of the Owner or Owners
    4. Description of the Business
    5. Location of the Business
    6. Funding Requirement and Source
    Proposed Name of the Business
    + The proposed business name must:
    1. Reflect the business identify and image,
    2. Promote the philosophical values and culture that the business values
    the most,
    3. Profess the brand identity of the product, and
    4. Attract or influence the target costumers
    Address of the Business
    + It is important that the address of the Business is correctly
    written because all business correspondence is mailed to the
    business address. Raw materials and other manufacturing
    supplies are also shipped by the seller to the designated
    business address.
    Name of the Owner/s
    + The name of the owner must be properly stated. In a sole
    proprietorship, there is only one owner. In case the venture is a
    partnership, the names of the partners, including the extent of
    their liabilities, must be indicated.
    Description of the Business
    + A brief description of the business must include information
    about the type of product or service that the business intends to
    produce or provide. It may include a brief information about the
    ultimate mission, vision, and objectives of the business. The
    other products or services that the business plans to produce or
    provide must also be mentioned in the description of the
    business
    Organization/Management Plan
    + The management plan outlines your ownership structure, the
    management team, and staffing requirements.
    Marketing Plan
    + Is the advertising strategy that a business will implement to sell
    its product or service. The marketing plan will help determine
    who the target market is, how best to reach them, at what price
    point the product or service should be sold, and how the
    company will measure its efforts.
    Production/Operational Plan
    + A product plan is a document that describes how production
    processes will be executed, and it’s the final outcome of the
    production planning process. It describes the human resources,
    raw materials and equipment that will be needed and the
    production schedule that will be followed.
    Financial Plan
    + The estimated total initial cost of the business venture must be
    clearly indicated. It should include the projected breakdown or
    allocation of the total cost, e.g., how much will b for building,
    fixtures, equipment, supplies, and working capital. This section
    also presents the source or sources of funds. The initial cost of
    the investment may be provided solely by the owner or owners
    or partly by the owner and creditors.
    Appendices
    + This portion is intended for miscellaneous items which may not
    be put in the main part of the business plan such as photos,
    contracts, forms, certificates, permits and other related to the
    business.

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