BUSINESS PLAN

IMPLEMENTATION
 BUSINESS PLAN
IMPLEMENTATION
SUBMITTED BY:
BARCENAS, DANIKA B
INTRODUCTION
Why Be an Entrepreneur?
Entrepreneurship is a way of life. Being entrepreneurial
means being able to identify, start, and maintain viable and
profitable business, particularly a small enterprise.
Entrepreneurship has its own rewards, as well as its risks.
Having your own business has tremendous rewards, but ne
sure to weigh prospective returns against the potential risks
and losses
REWARDS OF ENTREPRENEURSHIP
• Have Unlimited Opportunity to Make Money
• Be Your Own Boss
• Tap Your Creativity
• Overcome Challenge and Feel Fulfilled
RISK OF ENTREPRENEURSHIP

• Risk of Failure
• Unpredictable Business Conditions
• Long Hours of Work
• Unwanted or Unexpected Responsibilities
Introduction to Business
Plan Implementation
Continuation:
 Process Flow: Starting a Small Enterprise

1. Self Analysis 3. Determining

2.Considerin your Product/
:
g other Service Line and
Are you Entre- Type of Business
Factors
preneurial?

4. Writing a 5. Determining 6. Seeking

Business Plan your Financial Sources of
Requirements Capital
Add your title

7. Choosing 9. Hiring/
the Site / Loca- 8. Register-
ing Your Training
tion of the
Business Business Personnel

10. Getting
Your Business
Started
 Decision Making/ Planning

PRODUCT INDUSTRIES PROCESS INDUSTRIES SUBCONTRACTING INDUSTRIES

You may choose manufacture If you choose to be a subcp-

You may decide to perform ntractor you will undertake
your own product, either for
two operations in the total subcontracting work for other
the mass market or for spe-
process. industries usually bigger
cialized or individual de-
ones.
 Service
Industries

Service enterprise include repair and maintenance

shops, printing and machine shops and food
catering establishments and other businesses that
offers a service.
Financing
Determining Your Financial
Requirement
Objectives:

•Identify the financial requirements;

•Know the available sources of
capital
Fixed Capital
• Cost of land and building, or lease deposits
of them;
• Cost of improving the land or remodeling
the building;
• Machinery and equipment;
• Furniture, furnishings,
and fixtures
Working Capital
• Is the reserve money you
need to run the business until
it becomes self-supporting. This may take about
one-six months or even longer.
• To purchase your raw materials, pay the
workers, transportation, telephone, electricity
and water bills.
Pre-operating Capital
• Includes money that you spend to register
your business, acquire licenses for
franchises, or pay a lawyer or a consultant.
• Provide for contingencies & a margin
of safety in estimating your capital
requirements.
•For small-scale trading, simple estimates of
financial requirements, income and profit
would be sufficient.
•For large, more complex undertakings
require a more in-depth study;
this is called project feasibility
study.
Seeking Sources of
Capital
Equity Capital
•Is the amount of personal
resources you and
possibly your partner put
in, plus the portion of the
profits you plow back in
the business.
Personal Resources:
•Personal life insurance policies
•Friends
•Relatives
•Other members
of the community
Creditors Equity
Short-term Loans
• Usually lasting less than a year or normally
self liquidating.
• Used to buy things that will generate funds for
repayment of the loan.
• Some short-term loans(“clean loans”) are issued on an
unsecured basis, which means they are made without
collateral, since bank relies on your reputation.
Individual Money
Lenders
• Friends or relatives extend
loans in the spirit of pakikisama
or camaraderie.
• Unlicensed money lenders but
aware of those who charge
usurious rates of interest, like
so called “five-six-operators”.
Non-government Organizations
(NGOs)
• Through enterprise development projects
implemented by private and government
finance institutions, theses NGOs act as
intermediary agents in various lending
programs. Lending packages are available
depending on the specific target
beneficiaries of the individual
programs.
•Their interest rates are lower than
what banks offer. A review of your
feasibility study and a credit
investigation are customarily
conducted. Most programs offered
character loans are require minimum
equity participation with little or no
collateral.
•The organization closely
monitors and evaluates each
business project. Beneficiaries
of these PVOs are commonly
micro and small
entrepreneurs.
Special Lending Programs

•Public and private agencies are

confident of the strength of
small entrepreneurs, and have
thus created programs that
would uplift their status.
Rules for Sound
Financing
 Sound Finance
Sound finance involved a set of rules –
always balance the budget except in
wartime, and do not increase the money
supply at a rate greater than the growth rate
of the economy.
• A small businessman should know exactly what type of capital
he needs and how he can obtain it at the best possible terms.

• The ideal debt-equity ratio of one’s capital structure must be

40:60. This means that the debt or borrowed portion of the
total capital should be contributed by the owner’s equity.

• Fixed assets and working Capital requirements during normal

operations must be financed from long-term sources (one year
or longer).
Registering Your
Business
 A new small enterprise has to be registered
with various government agencies. The
complexity of registration varies according to
the legal form of the business. A single
proprietorship is the easiest to register, while a
corporation requires more elaborate
procedures.
Registering with the Department of Trade and
Industry (DTI)

The DTI-Bureau of Trade Regulation and

Consumer Protection (BTRCP) administers
the registration of business names.
Register your business name at the nearest DTI regional or provincial
office where your business is located. In Metro Manila, you can register
at;
Department of Trade and Industry-NCR
Ground Floor, DTI Main Building
361 Send. Gil Puyat Ave., Makati City
Tel. No. 890-4854
or at designated Satellite Registration Centers in selected cities

Albay: DTI Albay Provincial Office 2F DBP Building Quezon Avenue,

Brgy. Dinagaan, Legaspi City 4500
Email Add.: karlaflorendo@gmail.com
STEP
S:
Obtain application forms (duplicate copy), preferred name slip, and
index card from the Information Desk and fill these up completely.
1. Meet the following requirements (for Single Proprietorship)
2.
Other requirements may be needed for certain types of business:

Service and repair shops

Real estate brokers
Dental/Medical Clinic/Hospitals
Pawnshops
• Manpower services
 Engineering services
Architectural services
• Other related services provided by professionals

3. Proceed to the designated window for evaluation

4. Pay required fees at the cashier
5. Get priority number
6. Proceed to the waiting area and wait for your member to be
called by the examiners at windows 1-10
7. Business Name Certificate is released within 10-15 minutes
upon approval
Presented by:
BORROMEO,
VERNADETH A.
 BUSINESS
REGISTRATION
 REGISTERING WITH
SECURITIES AND
EXCHANGE COMMISSION
(SEC)
 Registered your business at:
Securities and Exchange Commission
SEC Bldg., EDSA, Greenhills, Mandaluyong City
Tel.No. 726-0931

Albay: Beside Avon and in front of St. Agnes' Academy ,

50meter walk from Landbank, Chiniel Building, 4500 Rizal
St, Legazpi Port District, Legazpi City, Albay
BASIC REQUIREMENTS OF A PARTNERSHIP
1. Name Verification Slip
2. Articles of Partnership
3. Undertaking to Change Name
4. Registration Data Sheet
5. If it is limited partnership, the word LIMITED is added
to name. Articles of limited partnership should always be
under oath only (JURAT) and not acknowledged by the
partners before notary.
6. Partnerships need clearance from concerned
government agencies.
ADDITIONAL REQUIREMENTS FOR A
PARTNERSHIP
1. License of custom brokers for custom brokerage
2. For foreign partnership:
- Foreign Investment Agent Application Form
- Proof of Inward Remittance of non-resident alien partner or
affidavit manifesting intention not to register investment
with the Bangko Sentral ng Pilipinas
- If documents was signed abroad, it must be authenticated by
the Philippine Consular Office in the country it was
executed.
REGISTRATION PROCEDURE
1. Secure name verification slip from the Records Division
2. Proceed to Cashier for payment of filing fee
3. Submit documents to Receiving Unit of the Records Section
4. The documents are then forwarded to the Company Registration and
Monitoring Department (CRMD) and assigned to processors
5. Typing pool prepares Certification of registration and returns to a
processor (or a lawyer) and Assistant Director for initials
6. Directors of the CRMD signs the Certificate of Partnership
7. The certificate of registration is forwarded to the Releasing Unit of
the Records Division, where it may be claimed by the applicant upon
presentation of receipt as proof of payment of the filing fee.
NOTES:
1. Applications of domestic corporation (stock) where subscribed capital
stock are paid in cash are forwarded by the Records Division directly to
the Company Registration and Pre-Need Department (CRPD)
2. Verified name is deemed unofficial unless approved by the Commission,
i.e., after issuance of the certificate of incorporation
3. The business involving pre-need plans and commodity futures, clearance
of the proposed corporate name from the Pre-need Department and
Market Regulation department is required before verification of the name
with the Records Division at the SEC Annex Bldg.
4. The application for registration of non-stick corporations is processed
solely by the CRPD.
 REGISTERING WITH THE
SOCIAL SECURITY SYSTEM
(SSS)
- An employer or any person who uses the services
of another person in business, trade, industry or
any undertaking must be registered with the SSS.

- Social, civic, professional, charitable and other

non-profit organizations, which hire the services
of employees, are considered “employers.”
Register at:
Social Security System (SSS)
SSS Bldg., East Avenue, Diliman, Quezon City
Tel. Nos. 920-6401, 920-6446
Email: sssemail@info.com.ph
 
Albay: Morante Building, Rosal St, Legazpi City, 4500 Albay
 
Tabaco: Lao Bldg., Bocalbos St, Tabaco City, Albay
Single Proprietorships
- The owner of a single proprietorship business
may accomplish and submit SSS Forms R-1
(Employer’s Data Record) and R-1 A (Initial or
Subsequent List of Employees)
Partnerships
- Any of the partners of the partnership firm should
accomplish SSS Form R-1 and R-1A and submit these
forms together with a photocopy of the Articles of
Partnership. The original copy of the Articles of the
Partnership must be presented for authentication.
Corporation
- A corporation must accomplish SSS Forms R-1 and
R-1A signed by its president or any of the corporate
officers or incorporators. Submit these forms together
with the photocopy of the Articles of Incorporation.
The original copy of the Articles of Incorporation
must be presented to the SSS for authentication.
Registering with the
Cooperative
Development Authority
(CDA)
All cooperatives are required to register with the CDA as per R.A. 6938/6939
Register at Cooperative Development Authority
6F Benlor Bldg. 1184 Quezon Avenue, Quezon City
Tel. No. 373-6896
Steps:
1. Submit four copies of the articles of cooperation
2. Submit four copies of by-laws
3. Submit four copies of the economic survey (feasibility study)
4. Submit bond accountable officers (fidelity, cash or surety)
5. Capitalization at lower than P2,000.00 (depending on the activities
registered)
6. Minimum members of at least 15
Registering with the
Bureau of Internal
Revenue (BIR)
Every business enterprise has to register with the BIR for taxation purposes.
Below are the steps to follow,
1. Secure a permanent record file number of Tax Identification Number (TIN)
from the BIR National Office in Diliman, Quezon City.
2. Register the business/trade name at the BIR office nearest you. Secure and
file an application form, together with supporting papers, as follows;
- mayor's permit
- certificate of business name registration from the DTI
- articles of partnership or corporation
- residence certificate
3. Secure authority to print books of account, invoices, receipts, and other
accounting records by filling up 4 copies of an application form. Attached four
draft copies of the material to be printed as well as a copy of the job order.
4. Register book of accounts, invoices, receipts, etc.
Registering with the
Department of Labor
and Employment
(DOLE)
Business establishments with five or more employees
are encouraged to register with DOLE , the agency which
monitors compliance with labor laws. Registration is
mandatory for firms which employ 50 or more workers.
The Bureau of Local Employment administers the
registration of establishments. The register, secure and
fill up a registration form. Operations are required to
attach a photostat copy of the SEC certificate of
registration.
Registering with the
Local Government
All businesses, whatever the legal form, are required to secure a mayor's permit or
municipal license from the municipality or city where they are located. various cities
and municipalities have different registration procedures, but the following steps
prescribed in Quezon City would be typical:
1. Go to the Business Permit and Licensing Office of Quezon City Hall. Secure an
application form from the Public Assistance Office.
2. Submit 3 copies of the form together with a simple sketch of your business location
- support application with a certificate of business name registration from the DTI-NCR
If you are using a firm name.
- A partnership or corporation must submit the corresponding Articles of Partnership or
Incorporation duly registered with the SEC together with a photostat copy of the
Certificate of Registration with the SEC and the current class "C" certificate in the case
of corporations.
3. Proceed to the City Treasurer's Office for any payments to be made. Present Mayor's
Permit for issuance of municipal licenses.
Business establishments are required to exhibit the mayor's permit conspicuously in
the business establishment.
Registering with Other Agencies
Depending on the type of products they manufacture or handle and on
their market register with the other government agencies.
For manufacturers of drugs, cosmetics and food products
-Bureau of Food and Drugs (BFAD)
For all manufacturers of garments and textiles for exports
- Garments and Textile Export Board (GTEB)
For rice corn and flour dealers
- National Food Authority - Regulatory Division (NFARD)
For processors and traders of fiber and fiber products
- Fiber Industry Development Authority (FIDA)