W ELCOM

E
Y oun g
E n tre pre n e
u rs O f S E
PNAS
Entrepreneurship 9
How are you
TODAY!
 OBJECTIVE At the end of the
S
A. ENUMERATE THE STEPS IN
PREPARING A BUSINESS PLAN
lesson, the
students should
B. IDENTIFY AND DESCRIBE THE be able to:
STEPS IN PREPARING A BUSINESS

C. APPRECIATE THE IMPORTANCE OF

IDENTIFYING AND DESCRIBING THE STEPS IN
PREPARING A BUSINESS PLAN.

Entrepreneurship 9
 STEPS IN
PREPARING
A BUSINESS
PLAN
 Sustainability is the support for a business on environmental
WORDS issues.
TO Addendum is a document or information attached or added to
STUDY clarify, modify or support the information in the original
document or written work.
Target Market refers to a group of persons who use and
patronize the products/services that specifically fit their
needs/wants.
Market Trends are used to provide strategic information and
leads that will aid and sustain business development.

Entrepreneurship 9
 Words to Study
WORDS Market size is the number of buyers and sellers in a particular
TO market.
STUDY
Business Risk is the probability inherent in a firm’s operations
and environment (such as competition and adverse economic
conditions) that may impair its ability to provide returns on
investments.
Scheme deals with the design of a project
.
Adequate means enough supply of the product
.Management involves the administration of a business
enterprise.

Entrepreneurship 9
 WHAT ARE THE
STEPS IN
PREPARING
BUSINESS PLAN?

Entrepreneurship 9
 1
st 1. Make an evaluation of your
STEP personal resources, interests,
available raw materials and
available specialized technical
skills in your community. Create
a name of your business.

Entrepreneurship 9
 Are you interested in the business?
GUIDE Do you have sufficient funds?
QUESTIONS
Do you possess management skills?
Are raw materials available?
Does the government give
financial and technical
assistance?
Do you have good personal
relations with other people?

Entrepreneurship 9
 2
ND

STEP 1.2. Conduct an analysis or survey of

your market.

Entrepreneurship 9
 Who are your customers?
GUIDE What product or service will you offer?
QUESTIONS Is there a good demand for your product or
service?
Are the customers interested in the existing
product or services?
How many competitors are there in the
market?
How much is your estimated share in the
market?
Could you possibly offer a better quality
product or service at a lower price?
Is there a reasonable profit?
Entrepreneurship 9
 3
RD

STEP 1.3. Select a proper

business location.

Entrepreneurship 9
 Is the location clean, decent and peaceful?
GUIDE Are there customers in the place?
QUESTIONS
Are facilities such as electricity,
water, transportation and
communication available?
Is the place accessible to raw materials
and other supplies?
In case your first choice is not
available, do you have a good
alternative?

Entrepreneurship 9
 4
TH 1.4. Makea FINANCIAL PLAN. It
STEP provide information on
amount of capital
needed, source of funds,
anticipated income and
expenses, and estimate
of resources.

Entrepreneurship 9
 Determine your objective.
GUIDE
QUESTIONS
How much money will you
need?
What are your sources of
funds?
Does your budget determine
how you will spend your
money?
How soon can you recover your
investment?
Entrepreneurship 9
 5
TH 5. Make a PRODUCTION PLAN.
STEP It involves manpower, money,
machinery, materials and
methods to use in production. It
involves design of flow plan of
work area.

Entrepreneurship 9
 Determinewhether to buy or
GUIDE
QUESTIONS lease the production equipment
Will you improve the quality of
an existing product?
Can your production scheme
meet market demand?
Doyou have a proper
scheduling of production?

Entrepreneurship 9
 6
TH

STEP 6. Make an ORGANIZATIONAL

PLAN. This plan includes the
members of the team and the
team’s contribution to the
business.

Entrepreneurship 9
 Find out what type of
GUIDE
QUESTIONS organization is most suitable
Are you acquainted with the laws,
policies and requirement of your
business organization?
Who will be your workers?
What will be the duties and
responsibilities of each?

Entrepreneurship 9
 7
TH

STEP 1.7. Make a MANAGEMENT PLAN. It

2.describes how an organization or
3.business is run.
It allows you to formalize
your management structure
and operations.
.
Entrepreneurship 9
 Write down your goals and objectives.
GUIDE
QUESTIONS
Determine your strategies.
What customer policies will you adapt?
What human resource
development program will you
undertake?
What will be your program of
social
responsibility?

Entrepreneurship 9
1. It is a clear description of goals and objectives that presents practical steps
to achieve the vision.
A. Need B. Mission C. Values D. Vision
2. It is a description or statement of what the proponent sees if the
problem/need is solved.
A. Need B. Mission C. Values D. Vision
3. It is a clear statement of values critical to the culture, integrity and activities
of the business.
A. Need B. Mission C. Values D. Vision
4. It involves manpower, money, machinery, materials and methods to use in
production.
A. Financial plan B. Management Plan C. Organizational plan D.Production
plan

QUIZ #4.2
5. It allows you to formalize your management structure and
operations.
A. Financial plan C. Organizational plan
B. Management Plan D.Production plan
6. It provide information on amount of capital needed, source of funds,
anticipated income and expenses, and estimate of resources.
A. Financial plan C. Organizational plan
B. Management Plan D.Production plan
7. This plan includes the members of the team and the team’s
contribution to the business.
A. Financial plan C. Organizational plan
B. Management Plan D.Production plan

QUIZ #4.2
8. It refers to a group of persons who use and patronize the
products/services that specifically fits their needs/wants.
A. employees C. people
B. manager D. target market
9. It is the number of buyers and sellers in a particular
market.
A. market C. market trends
B. market size D. target market
10. It involves the administration of a business enterprise.
A. management C. market trends
B. market size D. target market
QUIZ #4.2
II. TRUE OR FALSE. Write D if the statement is correct,
otherwise write R.
11. Planning should be based on the felt needs of the
community
12. It is necessary to anticipate any unfavorable situations
that he/she encounter in the future.
13. The business plan should be realistic
14. A business plan can also minimize the costs of production
15. Planning is indispensable in putting up a business

QUIZ #4.2
II. MATCH COLUMN A
WITH COLUMN B COLUMN B
COLUMN A
16. Who will be your workers? a. Business location
17. How much money will you b. Financial plan
need? c. Management plan
18. How many competitors are d. Organizational plan
there in the market? e. Survey of your market
19. Are there customers in the
place?
20. What customers policy will
you adapt?
QUIZ #4.2
 1.D 11.D
2.A 12.D
3.C 13.D
ANS 4.D 14.D
WER 5.B 15.D
KEY 6.A 16.D
7.C 17.B
8.D 18.E
9.B 19.A
10.A 20.C
Check your Understanding

Think of a business you would like

to pursue, and MAKE A SAMPLE
BUSINESS PLAN.

Entrepreneurship 9