BUSINESS PLAN

IMPLEMENTATION
Presented by: Group 3
ENERGIZER
 BUSINESS PLAN
IMPLEMENTATION
A business implementation plan is the set of
steps that a company follows to execute its
strategic plan and achieve all the business
goals that are described there. (Malsam,
2023)
 SETTING
FINANCIAL
TARGETS
 SALES
The amount of money they want
to generate from implementing
their business ventures
BUDGETS
The maximum amount of
money that they could
spend on for certain
expense acounts
 PROFITS
The amount of profit they want to
generate from implementing their
business ventures. The lower the
cash they invest in the business ,
the closer sles become profit,
 PROFITS
hence the student should
look for ventures that
require little to ZERO cash
investment.
 SAVINGS
The amount of cash the student will set
aside for their future. This should be
different from the profits as it includes
whatever savings he acquires from
lessening his expenses.
 SAVINGS
It is possible to have savings
from the student’s allowance
in addition to whatever he
makes in his business ventures.
IMPLEMENTING
THE BUSINESS
PLAN
1. SETTING UP YOUR
BUSINES
Setting up your business will be the most exciting
part of your business; however, remember that
this is only the beginning of your entrepreneurial
journey. You need to learn how to sustain your
business so it will grow in the future.
1. SETTING UP YOUR
BUSINES
In this lesson, you will learn how to set-
up and launch your business and also
some of the important aspects in
setting up your business.
LOCATION
- Choosing the right location.
- Choosing a location that has high
foot traffic and is accessible to your
target market.
LOCATION
- Check the proximity of your
competitors.
- Virtual Location.
- Cost of the location.
BUSINESS REGEISTRATION
Business registration provides
legal recognition to your
business, making it a separate
legal entity from its owners.
BUSINESS REGEISTRATION
This means that your business
can enter into contracts, own
assets, sue or be sued in its own
name, and more.
PEOPLE
Review your business plan to
identify the people that you
need to hire. Some businesses
hire people after few years of
operations to save on cost
PEOPLE
However, this depends on the
requirements of your business.
Remember that you need to e
competitive which means that
help form others is always needed
SUPPLIERS
Suppliers are individuals, businesses, or
organizations that provide goods or services
to another business. They play a crucial role
in the overall business process as they
supply the raw materials, products, or
services needed for the business to operate.
SUPPLIERS
It's important for entrepreneurs to
maintain good relationships with their
suppliers. This can lead to better
negotiation terms, priority during high
demand periods, and potential insights
into market trends.
 2. OPERATING THE
BUSINESS
It refers to the day-to-day activities involved in
running a business. This can include a wide range
of tasks, such as managing employees,
overseeing financial operations, developing
marketing strategies, and ensuring customer
satisfaction.
 2. OPERATING THE
BUSINESS
It's all about making strategic decisions to help
the business grow and succeed. This could
involve identifying new market opportunities,
developing new products or services, or
improving business processes to increase
efficiency.
 2. OPERATING THE
BUSINESS
It's also about problem-solving and being
able to adapt to changes in the market.
Entrepreneurs need to be resilient and
flexible, as they often face challenges
and obstacles along the way.
3. SELL THE PRODUCT
OR SERVICE
Focus on selling the features
advantages and benefits of your
product or service to your customers.
4. SUSTAINABILITY
AND EVALUATION
We need to review a business strategy
to see how well your plans have been
carried out. Maintain your market by
following the development of your
marketing initiatives that attract the
customer.
4. SUSTAINABILITY
AND EVALUATION
Check your offer for potential
improvements at once. If more products
or services are needed to keep
customers loyal, introduce them.
4. SUSTAINABILITY
AND EVALUATION
Prepare your business report to assess
and evaluate your business
performance. Make suggestions and
action plans for how to raise your
company's performance.
4. SUSTAINABILITY
AND EVALUATION
Remember, operating a business is
not just about making profits, it's
also about creating value for
customers and making a positive
impact in the community.
BOOKKEEPING
Is the systematic recording, organizing
and retrieving of all the financial
transactions of a business or a individual
in a specific format.
BOOKKEEPING
It should be done on a day to day basis
to ensure correct, up to date and
comprehensive information on each
individual transaction. Each and every
transaction must be recorded
regardless of how small the amount.
CHART OF ACCOUNTS
The chart of accounts is a financial tool
that lists all the accounts for a given
accounting system. To better
understand and analyze all financial
transaction we will group and categorize
them into accounts.
CHART OF ACCOUNTS
You can think of each account as a
bucket or box where we group each
receipt. Each account is a unique record
for each type of asset liability, equity,
revenue and expensive.
EXAMPLE
TRANSACTIONALJOURNAL
A journal is a concise record of all
transactions a business conducts;
journal entries detail how
transactions affect accounts and
balances.
TRANSACTIONALJOURNAL
All financial reporting is based on the
data contained in journal entries, and
there are various types to meet
business needs.
EXPENSE JOURNAL
Whenever an expense is made,
whether it be paid in cash, on credit,
or simply recognized for future
payment, a journal entry is booked.
EXPENSE JOURNAL
As an expense account is an income
statement account, it has a natural
debit balance. This means that when
expenses go up, there are recorded
with a debit.
 REFERENCES
Beaver, S. (2023, November 15). What is a journal entry in accounting? A guide. Oracle NetSuite.
https://www.netsuite.com/portal/resource/articles/accounting/journal-
entry.shtml#:~:text=A%20journal%20is%20a%20concise,types%20to%20meet%20business%20needs.

Malsam, W. (2023, May 10). What Is an Implementation Plan? (Template & Example Included). projectmanager.com.
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porttitor leo. Nulla luctus ex lacus, ut scelerisque odio semper nec. Vestibulum posuere eros quis felis viverra
mattis.

Town, A., & Town, A. (2019, September 11). Accounting Journal Entry for Expense Guide | Accountant Town.
Accounting Guides for Accountants | Accountant Town. https://www.accountanttown.com/guides/journal-
entry/expense/#:~:text=Expense%20Journal%20Entry%20Guide&text=Whenever%20an%20expense%20is%2
0made,are%20recorded%20with%20a%20debit.