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    Entrep Lesson 2

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    Zhianne Flores
    This document provides information about starting a business, including defining what a business is, the components of an effective business plan, and the basic structures of business organizations. It discusses how a business is an organized effort to produce and sell goods/services to satisfy societal needs. The key parts of a business plan are outlined as the executive summary, business description, product/marketing plan, and financial strategy. Common business structures are identified as sole proprietorships, partnerships, corporations, and cooperatives. The steps to starting a business are listed as thinking of an idea, researching, planning, registering the business, obtaining financing, producing products/services, and launching the venture.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Entrep Lesson 2

    Uploaded by

    Zhianne Flores
    13 views17 pages
    This document provides information about starting a business, including defining what a business is, the components of an effective business plan, and the basic structures of business organizations. It discusses how a business is an organized effort to produce and sell goods/services to satisfy societal needs. The key parts of a business plan are outlined as the executive summary, business description, product/marketing plan, and financial strategy. Common business structures are identified as sole proprietorships, partnerships, corporations, and cooperatives. The steps to starting a business are listed as thinking of an idea, researching, planning, registering the business, obtaining financing, producing products/services, and launching the venture.

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    This document provides information about starting a business, including defining what a business is, the components of an effective business plan, and the basic structures of business organizations. It discusses how a business is an organized effort to produce and sell goods/services to satisfy societal needs. The key parts of a business plan are outlined as the executive summary, business description, product/marketing plan, and financial strategy. Common business structures are identified as sole proprietorships, partnerships, corporations, and cooperatives. The steps to starting a business are listed as thinking of an idea, researching, planning, registering the business, obtaining financing, producing products/services, and launching the venture.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    13 views17 pages

    Entrep Lesson 2

    Uploaded by

    Zhianne Flores
    This document provides information about starting a business, including defining what a business is, the components of an effective business plan, and the basic structures of business organizations. It discusses how a business is an organized effort to produce and sell goods/services to satisfy societal needs. The key parts of a business plan are outlined as the executive summary, business description, product/marketing plan, and financial strategy. Common business structures are identified as sole proprietorships, partnerships, corporations, and cooperatives. The steps to starting a business are listed as thinking of an idea, researching, planning, registering the business, obtaining financing, producing products/services, and launching the venture.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 17

    ENTREPRENEURSHIP LESSON 2

    WHAT IS A
    BUSINESS?
    SPRINGBOARD ACTIVITY
    LET’S PLAY A GUESSING
    GAME.
    CAN YOU PLEASE TELL WHAT
    EIGHT-LETTER-WORD DOES
    THIS PICTURE PORTRAY?
    “_ __ _ __ _ _”

    WHAT IS A BUSINESS?

    A Business is an organized effort of an individual to


    produce and sell goods and services in order to satisfy the
    needs of society.

    THE BUSINESS PLAN


    ·It is a document that provides investors and partners with financial
    information and also provides investors and partners with financial information
    and also provides the entrepreneur a viable and realistic roadmap for his dream
    enterprise.
    ·It is written outline that evaluates all aspects of the economic viability of a
    business; including a description and analysis of its prospects.
    ·It is a process of setting up goals for a particular business endeavor and
    making ways to achieve these by deciding in advance what to do, how to do it
    and when to do it.
    It is thinking ahead about objectives, strategies, financing, production,
    marketing, profit prospects and growth possibilities.
    1.The Mission Statement – it is a brief statement
    ESSENTIALS of the purpose of your business and its goals
    including the business concept you plan to adopt.
    OF A 2.The Executive Summary – it is a concise brief
    of the plan’s crucial content. This section
    BUSINESS encapsulates your entire business plan and is

    PLAN designed for people who may not have the time to
    go over the entire document, but are most likely
    the ones who should be informed about the
    business.
    ESSENTIALS 3.The Business and Its Management Team – it is a
    clear and complete description of
    OF A the business you intend to set up and how you

    BUSINESS plan to go about it. It is important to state the


    rationale behind the business establishment, along
    PLAN with a listing of key people who will invest in or
    manage the business and a brief look of their prior
    experiences, educational attainment, leadership
    skills and personal resources. The section objective
    is to convince the reader that your management
    team is capable of leading the business and steer
    it towards your profit goals.
    ESSENTIALS 4.The Product and Marketing Plan – it is where you
    will discuss your product as the main
    OF A source of revenues for your business. It helps you

    BUSINESS cite your sources of raw materials and other inputs,


    and make an assessment of the availability of these
    PLAN materials in a given time.
    5.The Financial Strategy – it is what the business is
    all about – making profits. In this section
    which may attract the most of your readers
    summarizes the flow of money into or out of
    the business, coming up with either a profit or loss
    for a particular period.
    PARTS OF A BUSINESS
    PLAN
    PARTS OF A BUSINESS
    PLAN
    SAMPLE OUTLINE OF A BUSINESS PLAN
    STRUCTURES OF Sole
    Proprietorship
    BUSINESS Partnership
    Corporation
    ORGANIZATIONS Cooperatives
    1. Sole Proprietorship – it is owned and operated by one individual. The
    owner is called the proprietor.
    2. Partnership – it is a legal arrangement of two or more owners who call
    themselves partners. They bind themselves to contribute money, property
    or industry to put up the business and divide profit among them.
    3. Corporation – it is composed of more than five owners who call
    themselves stockholders. Their shares are called capital stocks, and the
    owners often have no part in the management of the business.
    4. Cooperative – it is a duly registered association of persons, with common
    bond of interest, who have voluntarily joined together to achieve a
    lawfully
    common social or economic end, making equitable contributions to the
    capital required and accepting a fair share of the risks and benefits.
    HOW TO START YOUR
    OWN BUSINESS?

    THINK, FIND, RESEARCH, PLAN,


    REGISTER & ORGANIZE,
    FINANCE, PRODUCE, AND
    LAUNCH
    THANK YOU, EVERYONE.
    Did you learn something?
    If so, can you please mention at least
    one learning that you've acquired from
    this lesson before we proceed.

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