ACTIVITY #2

(ENTREPRENEURSHIP)

Directions: Answer the following questions as best as you can. Write down your answer on
the space provided.

1.) Social media has been very active in terms of spreading the world about practically
anything and everything. As a budding entrepreneur, how can you take advantage of this
trend to chum out potential opportunities. List down 10 potential business opportunities that
you see.

Answer: The following are the opportunities that I see in the given situation:
a.) Commenting/Posting on different platforms like facebook, twitter, Instagram and etc.
b.) Make some visual ad with your products related to the on going trend
c.) Adding a twist for the products that will surely enjoy by the consumers
d.) Making a Sale for the products
e.) Creating a page where it dedicates your small business
f.) Doing an online LIVE Selling
g.) Adding freebies to the product that is also usable
h.) Sharing your page or business to your relatives so they can also share it to others
i.) Making a video how the product works and what it is made of
j.) Promoting it to your friend vlogger to feature it or make an honest review

2.) A contractor of a fast food giant failed to deliver the expected output of an inventory
systems upgrade. This resulted in more than 70 branches closing due to inventory problems.
It compromised the sales for the month. What do you think were the potential opportunities
opened up to other players in the fast food industry?

Answer: The other players will have a chance for a place in the fast food industry wherein the
customers of the company that closed branches will move to the other players/fast food
restaurants. This inventory system has a big impact to a company, if the inventory system failed
to upgrade, their business will have a chance to deficit and other players will use this to boost
up their business.

3.) Explain the meaning and importance of a business plan.

Answer: A business plan is a written document that describes in detail how a business—usually
a startup—defines its objectives and how it is to go about achieving its goals. A business plan
lays out a written roadmap for the firm from marketing, financial, and operational standpoints.
Business plans are important documents used to attract investment before a company
has established a proven track record. They are also a good way for companies to keep
themselves on target going forward.
Although they're especially useful for new businesses, every company should have a
business plan. Ideally, the plan is reviewed and updated periodically to see if goals have been
met or have changed and evolved. Sometimes, a new business plan is created for an
established business that has decided to move in a new direction.

4.) The business plan starts with market idea. Generate about five products or services that
you want to start a small business. Describe each briefly. Then, identify to who you intend to
sell your product(s)/service(s). Use the table below to write your answer.

Products/Services Description Target Market

Pet foods A high quality but affordable
pet food that their pets will
eat as a part of their diet.
Pet leash A leash that is safe and will
prevent rashes for their pets
Pet Shampoo A fragrant and eco friendly
shampoo that will make the
consumers pet’s fur nice and
prevent lice.
Eating/Drinking bowls A bowl that is made in
aluminum to prevent their
pets in chewing their food
dish and also preventing them
For those people/families who
have a pet and wants to
maintain its good fur.
For those people/families that
has a concern regarding for
their pets having a rashes.
For those people/families
that’s having a problem for
finding a shampoo that will
make their pets fur good and
prevent lice.
For those people/families
who’s looking for a safe food
dish for their pets.
 to consume toxins or
chemicals.
Pet Crates A strong, foldable, and For those people/families
convenient crate that will who’s looking for a good crate
serve as their pets enclosure that will enclose their pets.
and room.

5.) The next step in a business plan is the product aspect. Choose one product/service that
you like the most to be your future business. Research how you will produce it and the raw
materials and equipment/machinery needed for its production. Use the table below to write
your answers.
Name of the Product/Service: PET FOODS

Production Process Raw Materials Equipment/Machinery

1. Ingredient selection
2. Ingredient Weighing and
Preparation
3. Sealing and Cooking
4. Cooling and Labelling
5. Storage and Distribution
The primary ingredients in
pet food are byproducts of
meat, poultry, and seafood,
feed grains, and soybean
meal. Among the animals
used in rendering are
livestock, horses, and house
pets which have been put to
sleep.
1. Grinding and blending
Systems.
2. Pumping and stuffing
equipment.
3. Auger Systems, Screw
Conveyors.
4. Thermal Processing
Solutions.
5. Material Handling, Lifts,
Dumpers.