Module 1: Activity 1

Subject: Business Plan Preparation

Name: Jan Francis Mariano

Section: BSENT 3-3
Assignment No.: 1

Module 1
1. What is a Business Plan?
A business plan is a written document that demonstrates persuasively that enough
products or services can be sold at a profit for your firm to become a viable business.
Planning is an essential ingredient for any successful business. Although we all
create mental plans, those thoughts need to be committed to writing before starting
a business

2. What are the things a business plan can achieve?

The three primary reasons for writing business plans are (1) to help you determine
the feasibility of your business idea, (2) to attract capital for starting up the business,
and (3) to provide direction for your business after it is in operation.

3. What are the characteristics of a good business plan?

Consider Your Audience, Keep It Brief, Point of View, Create a Professional Image

4. What are the important factors to get investors interested in your business?
a complete business plan is needed before you can raise any significant capital. Your
business plan will show that you know what you are doing and have thought through the
problems and opportunities. Potential investors will also have questions about your plan.
They will want to know when your business will break even, when it will be profitable, and if
your numbers are real

5. What are the things that will turn the investors off?
The things that will turn the investors off are Issue too many press releases, Hire
investor relations firms, Listening to slick investment bankers, Grant too many options to
executives, Halt stock unnecessarily

6. What would be the ideal business during this time of pandemic? Why?
The ideal business during this time of pandemic revolves around the basic needs
such as food and services necessary to acquire the basic needs because the
pandemic had shown us that we must be flexible and all complexities we have will
be boiled down to our basic and immediate needs
7. Do the government policies affect the business? How?
The government policies affect the business by passing laws such as Laws and
regulations exist to protect competition, consumers, people in the workplace, and
intellectual property; to allow bankruptcy; and to establish contracts. Specific laws that
owners of small businesses should know include the Fair Labor Standards Act, the Civil
Rights Acts of 1964 and 1991, the Immigration Reform and Control Act, the Americans with
Disabilities Act, workers’ and unemployment compensation, and the Occupational Safety
and Health Act.

8. What would be the advantages and disadvantages of having a business plan?

The advantages of Business plan are Increased Clarity, Creation of a Marketing
Roadmap, Support for Funding, Helps to Secure Talent, Provides Structure while
the disadvantages are A business plan can turn out to be inaccurate, Too much
time can be spent on analysis, There is often a lack of accountability. A great
business plan requires great implementation practices. It restricts the freedom
you once had. It creates an environment of false certainty, Theres are no
guarantees.
.
9. Do you think a business will survive without adopting innovations? Why?
No, a business won’t survive without adopting innovations because there will come a
time that new technology will be utilized by competitors which will be the cause of
downfall for the business

10. What social media platform is the most effective to market your business?
Facebook, Instagram, Youtube, What’s App