Professional Documents
Culture Documents
EC 2 – ENTREPRENEURIAL MIND
SECOND SEMESTER, A.Y. 2021-2022
ACTIVITY NO. 12
BUSINESS PLANNING
__________ 1. It is a written document prepared by the entrepreneur that describes all the
relevant external and internal elements involved in a starting a new venture.
__________ 2. This plan will show the target market or the specific group of the customers the
firm wishes to serve.
__________ 3. This involves product specification, processes, production machinery and
equipment, and manpower.
__________ 4. This follows the marketing plan and production plan.
__________ 5. This translates into monetary terms the various plans you have for the business.
__________ 6. This made up of total fixed assets, the working capital, and the pre-operating
expenses.
__________ 7. This simply indicate where the funds for the business will come from. The funds
may come from him and other co-owners.
__________ 8. This includes profit and loss statement, balance sheet, and cash flow statement.
__________ 9. This presents details of what the business owns (assets) and its value. It
presents the equity contributions of owners and liabilities to the creditors.
__________ 10. This presents in detail the projected cash expenses and disbursement for a
given period.
__________ 11. This consists of computations of profitability, liquidity and marketability of the
enterprise based on the information of profit and loss and balance sheet.
Principles of Planning
1. ____________________________________
2. ____________________________________
3. ____________________________________
4. ____________________________________