Professional Documents
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ENTREPRENEURSHIP
Module 1
INTRODUCTION TO BUSINESS PLAN
PREPARATION
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ENTREPRENEURSHIP – Grade 11
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I. Title of Material/Introduction:
II. Objectives:
At the end of this lesson, the learner should be able to implement the
business plan. Specifically, the learner must be able to :
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Entrepreneurship – is the art of observing correct practices in managing and
operating a self-owned, wealth-creating business enterprise by
providing goods and services that are valuable to the customers.
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IV. Pre-Test:
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
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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
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V. Learning Activities:
2. Read the definition of a business plan and know the reasons why you need
to prepare a Business Plan for small business.
5. Identify the Major Parts of the Business Plan and be familiar of its content.
What is/are the word/s being described by the group of four pictures?
1. 4.
2. 5.
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3. 6.
Based on the words that you have formed on the previous activity; how do we
define a Business Plan?
A business plan 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. It provides a clear direction to any uncertain business endeavor.
10 Reasons Why You Need to Prepare a Business Plan for Small Business
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Guided Questions:
1. What are some of the tests that need to be conducted before putting up a
business?
2. What is the difference between Business Plan and Feasibility Study?
3. Who should prepare a business plan?
Two Major Tests to be Conducted every time a New Business Idea is Created
1. Test of Possibility
2. Test of Feasibility
The test of possibility on the new business should have a positive result, so that
the test of feasibility or viability will be conducted.
The content and structure of the business plan are almost the same as those
of the feasibility study. The data shown in the feasibility study are the same set of data
presented or used in the business plan. Nonetheless, the business plan presents a
more detailed discussion of how the business will be undertaken and operated.
1. Introduction
2. Executive Summary
3. Environmental Analysis
4. Business Description
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5. Organizational Plan
6. Production Plan
7. Operation Plan
8. Marketing Plan
9. Financial Plan
10. Appendix
Introduction
In case the consulting team prepares the business plan for prospective owners
or investors, the section Statement of Confidentiality is added as the last section.
The formulation and drafting of the proposed business name is not as simple
as it sounds. It is a delicate and important entrepreneurial task. Remember that the
name of the business may exist in the market for the many years. Careful and in-depth
planning is of prime importance.
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At least three suggested trade names must be submitted to the department of
Trade and Industry for approval and registration.
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.
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. For example, if a partner’s
must be properly mentioned.
For business ventures that will operate as a corporate entity, the names,
nationalities, and addresses of the incorporators must be given. Incorporators are
persons who originally formed the corporation.
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.
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Location of the Business
There are no rigid rules in the selection of the business location since several
variables affect the selection of the business location . The basic entrepreneurial
consideration is to place the proposed business in a strategic location that will assure
competitive advantage.
What is the difference between the sections Address of the Business and
Location of the Business?
The former simply states the exact business address. No additional description
is provided to highlight the exact business address. The latter indicates the reason/s
for the selection of the location. In case the processing plant is not within the vicinity
of the business, its exact location must be described.
The following factors should be considered when deciding on the location of the
proposed business:
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. The
estimated period to settle the funding source provided by the creditors must also be
mentioned.
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VI. Practice Tasks
Entrepreneur X
Entrepreneur Y
Questions:
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Practice Task 2 - JUSTIFY ME.
Write True if the statement is correct. Otherwise write False and state
your reason briefly/change the word/s that make it false.
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Practice Task 3 – TELL ME A STORY
Cite a true story that you have known wherein the importance of
making a business plan before the implementation was needed. You can
share it in class or have it written in a paper.
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VII. Post Test:
Form a group of five (5) and do the following. Follow the format below
and then share your output in class. Please be guided with the scoring rubrics
below.
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Note to Students…
The group they will form will be the permanent group until they finished the
business plan and was able to implement it. The business that they will write should
be more realistic this time since those are the options that they need to consider and
subject for the approval of the teacher. Financial aspects should be taken in
consideration.
SCORING RUBRICS
Completeness The work is Many questions Two or One question All questions
very are more is partially are answered
incomplete. missing/partially questions answered or completely.
complete. are missing completely
or partially missing.
complete.
Correctness The work is Some There are 2 There is 1 There are 0
full of questions/tasks or 3 errors error in the errors in the
errors. were not in the output. output.
answered output.
correctly.
Confidence in Shows no Shows little or Shows Demonstrates Demonstrates
Presentation interest in mixed feelings some greater strong
topic about the topicenthusiastic enthusiasm enthusiasm
presented. being feelings about topic about topic
presented about topic during entire during entire
presentation. presentation.
Collaboration We did the Only some of We worked We worked Everyone
work by the group together together so worked
ourselves. members are most of the that everyone together
We talked cooperative. time. contributed to using his/her
a little Sharing the final knowledge
among ideas output. and abilities
group regularly. to make the
members output come
together.
Cleanliness Our final There are some Our work is Our final There are no
output is erasures. clean. output is very erasures.
full of clean
erasures.
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VIII. Assignments
1. Prepare the introduction section of your business plan. The cover page
of your final output will appear below.
BUSINESS PLAN
OWNED BY:
(Your Names as the Owners)
ANGEL TOLEDO
PRINCESS MALAZARTE
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Note that since the name, address, and name/names of the owner/owners
of the business appear on the cover page, they may no longer be repeated in
the Introduction section.
2. Use the guide for the format of the Introduction section of your business plan.
INTRODUCTION
This section of the business plan presents the description of the business, its
location, and the total funding requirements and the possible funding source.
The requirement for spacing, paragraph indention, font size and style, margins and
other technical
Location writing
of the requirements will be subject to the policy of the school or maybe
Business
patterned after other research activities of the school.
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SCORING RUBRICS
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IX. ANSWER KEY
Pre-test
1. B 2. D 3. B 4. A 5. D
1. Written 4. Operate
2. Document 5. Business
3. Open 6. Plan
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Practice Task 3 – TELL ME A STORY
Post Test
Assignments
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References:
https://www.entrepreneur.com/encyclopedia/business-plan
https://www.waveapps.com/blog/entrepreneurship/importance-of-a-business-
plan
https://www.investopedia.com/terms/b/business.asp
https://dictionary.cambridge.org/us/dictionary/english/feasibility
https://corporatefinanceinstitute.com/resources/knowledge/finance/what-is-
corporation-overview/
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