Name:

Grade & Section:

Date of Submission:

Activity 1
Part A:

Instruction: A prospective entrepreneur should answer such questions for

himself. As an owner-manager, he or she has to answer them and draw up his
or her business plan.

Answer the following question on how to plan a business, one should consider
the following questions.

 What business am I in?

________________________________________________________________________
________________________________________________________________________
________________________________________________________________________

 What goods do I sell?

________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
 Where is my Market?
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________

 Who will buy?

________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
 Who is my competitor?
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
 What is my Sale Strategy?
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________

 What merchandising methods will I use?

________________________________________________________________________
________________________________________________________________________
________________________________________________________________________

 How much money is needed to operate my business?

________________________________________________________________________
________________________________________________________________________
________________________________________________________________________

 How will the work be done?

________________________________________________________________________
________________________________________________________________________
________________________________________________________________________

 What management controls are needed?

________________________________________________________________________
________________________________________________________________________
________________________________________________________________________

 How can they be carried out?

________________________________________________________________________
________________________________________________________________________
________________________________________________________________________

 When should the plan be revised?

________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
 Where can help be obtained?
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
Part B:

Instructions: What are the Principal Components of the Business Plan? And
give a brief description.

Name of the following Principal Brief Description

Components of the Business Plan