9

Entrepreneurship
Quarter 1 – Module 3:
Planning a Business
TVE – Grade 9
Alternative Delivery Mode
Quarter 1 – Module 3: Planning a Business
First Edition, 2020

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Entrepreneurship
Quarter 1 – Module 3:
Planning a Business
Introductory Message
For the facilitator:

Welcome to the Entrepreneurship 9 Alternative Delivery Mode (ADM) Module

on Planning a Business .

This module was collaboratively designed, developed and reviewed by educators

both from public and private institutions to assist you, the teacher or facilitator in
helping the learners meet the standards set by the K to 12 Curriculum while
overcoming their personal, social, and economic constraints in schooling.

This learning resource hopes to engage the learners into guided and independent
learning activities at their own pace and time. Furthermore, this also aims to help
learners acquire the needed 21st century skills while taking into consideration
their needs and circumstances.

In addition to the material in the main text, you will also see this box in the body of
the module:

Notes to the Teacher

This contains helpful tips or strategies
that will help you in guiding the learners.

As a facilitator you are expected to orient the learners on how to use this module.
You also need to keep track of the learners' progress while allowing them to
manage their own learning. Furthermore, you are expected to encourage and assist
the learners as they do the tasks included in the module.
For the learner:

Welcome to the Technology and Livelihood Education (TLE) 9 Alternative Delivery

Mode (ADM) Module on Planning a Business)

This module was designed to provide you with fun and meaningful opportunities
for guided and independent learning at your own pace and time. You will be
enabled to process the contents of the learning resource while being an active
learner. Furthermore, the problem and home-based project will help for the
development of your skills and appreciate the significance of this course in your
personal development.

This module has the following parts and corresponding icons:

What I Need to Know This will give you an idea of the skills or
competencies you are expected to learn in
the module.

What’s In This is a brief drill or review to help you link

the current lesson with the previous one.

What is It This section provides a brief discussion of

the lesson. This aims to help you discover
and understand new concepts and skills.

What I Have Learned This includes questions or blank

sentence/paragraph to be filled in to
process what you learned from the lesson.

What I Can Do This section provides an activity which will

help you transfer your new knowledge or
skill into real life situations or concerns.

Assessment This is a task which aims to evaluate your

level of mastery in achieving the learning
competency.

Answer Key This contains answers to all activities in the

module.
At the end of this module you will also find:

References This is a list of all sources used in

developing this module.

The following are some reminders in using this module:

1. Use the module with care. Do not put unnecessary mark/s on any part of
the module. Use a separate sheet of paper in answering the exercises.
2. Don’t forget to answer What I Know before moving on to the other activities
included in the module.
3. Read the instruction carefully before doing each task.
 4. Observe honesty and integrity in doing the tasks and checking your
answers.
5. Finish the task at hand before proceeding to the next.
6. Return this module to your teacher/facilitator once you are through with it.
If you encounter any difficulty in answering the tasks in this module, do not
hesitate to consult your teacher or facilitator. Always bear in mind that you are
not alone.

We hope that through this material, you will experience meaningful learning
and gain deep understanding of the relevant competencies. You can do it!

What I Need to Know

This module was designed and written with you in mind. It is here to help you
master the Plan a Business. The scope of this module permits it to be used in many
different learning situations. The language used allows you to understand the
concepts within your vocabulary level. The lessons are arranged to follow the
standard sequence of the course. But the order in which you read them can be
changed to correspond with the textbook or learning resources you are now using.

The module is divided into three lessons, namely:

 Lesson 1 – Discuss the Importance of Business Plan
 Lesson 2 – Determine the Types of Business Plan
 Lesson 3 – Identify and Describe the Steps in Preparing a Business
Plan

After going through this module, you are expected to:

1. discuss the importance of a business plan;
2. determine the types of business plan; and
3. identify and describe the steps in preparing a business plan.

What’s In

Going into business is the result of deliberate goal-setting, tireless

information-seeking and systematic planning and monitoring by the

entrepreneur.
Having a clear business plan from day one keeps you focused on the goals
that are crucial for success and provides guidelines for day-to-day
operations and decisions. A good business plan gives you goals to strive
towards for the next month, year and beyond.

Notes to the Teacher

Please provide helpful tips or strategies that will help the
facilitator in guiding the learners.

What is It

Lesson 1 Discuss the Importance of Business Plan

To start a small enterprise , you must have a foresight.

Anticipate what may happen to your business. Any endeavor,
particularly the desired form or type of business, sets the
direction of the enterprise.
A. The Benefits Derived from Planning a Business.

 a business a plan can minimize or eliminate risks . It

involves a careful study of the competence, interest and
resources of the entrepreneur against the needs of the
consumers.
 A business plan can also minimize the cost of
production. This includes how each of the resources of
production such as manpower, money, materials and
machines are used.
 A business plan can also identify the defects of the
business operations. Goals and objectives are
formulated. Procedure, strategies and techniques are
planned. Reevaluation may be done to avoid
encountering the same problem.

What I Have Learned

 Assessment
Directions: Write only the letter of the correct answer.

a. what to expect e. business plan

b. time management f. projects
c. strengths
1. _______eliminates risks.
d. micro 2. The positive factors of planning is called _____.
3. Planning is what to do it, how to do it, when to
do it and ______in the future.
4. Planning must start with simple _____.
5. In business, time is gold. For this reason, an
Entrepreneur must be efficient in _____.

Lesson 2: Determine the Types of Business Plan

After having learned about the importance of business

planning, you must know the different types of business plan.

1.Feasibility Study

A feasibility study is part of the initial design stage of

any project/plan. It is conducted in order to
objectively uncover the strengths and weaknesses of
a proposed project or an existing business. It is
conducted in order to find answers to the following
questions:

1. Does the company possess the required

resources and technology?
2. Will the company receive a sufficiently high
return on its investment?

A feasibility study contains five major components, namely:

a. Marketing study
  Type of industry
 Prevailing market
 Future market growth
 Competitors and potential customers
 Projection of sales

b. Technical study

 Technical: Hardware and software

 Existing or new technology
 Manpower
 Site analysis
 Transportation

c. Management study

 The organizational structure of the business

 Legal structure of the business or the specific project
 Management team’s competency, professional skills,
and experience

d. Financial study

 Initial investment
 Resources to procure capital: Banks, investors, venture
capitalists
 Return on investment
d. Social desirability
- This is measured by economic benefits to the
people living in the community and its vicinities.

2.Concept Paper

It is a written plan for a business on how it will

be managed. It is a tool to
represent a certain venture anticipating its
future.

The different parts of the concept paper are the

following:
 a. Introduction – This is the part that discusses the
significant details of the product/service and
why the product/service is needed by the
community.

b. Objectives - This part gives the details of the

business both specific and general.

c. Rationale – This part focuses on the advantages of

putting a certain business.

d. Terms & conditions - In this part, specific

agreement from particular to general things
are clarified.

e. Recommendations – This part is very important

because it helps to improve the project in the
future.

3. Business Plan

A business plan describes the nature of the

business, the sales and marketing strategy, the
financial background, containing a projected profit
and loss statement.

Components of Business Plan:

a. The environment –The needs of the people in the

community should be identified.
b. Behavior of the product – You should know the market
trends, product demand in the community, the
resources, quantity and quality goods in buying,
c. Location of the business – You should consider the
place where customers prefer to buy.
d. Organizational plan – The needed workers in the
business must be listed in the organizational
chart.
e. Production plan – This involves the manpower, money,
machinery, materials and methods to be able to
produce the desired output based on anticipated
profit.
f. Financial plan – You as an entrepreneur need to
determine the fiscal needs of the business and
the sources of needed funds.

4. Project Proposal
This is the initial document that converts an idea or
policy into the details of a potential project.
 The Essential Parts of a Business Proposal.

a. Executive Summary
The overview of the proposal from beginning to end
should be stated in the project proposal.

b. Justification
This emphasizes the need of the proposal.
c. Procedure
The steps are being explained where to start and to
end.
d. Objectives
The goals or targets of the business are defined.
e. Project Organization and Management
The manpower and function of each are clearly
stated.
f. Budget
You should determine the source for the input and
output, the profits and the loss of the business.

What I Can Do
Directions: Think of a service type of business which you feel is a
good venture to invest on and conceptualize a Business Plan.
Fill in the data regarding the Components of a Business Plan.
Write your answer in a short bond paper.

ENVIRONMENT:

LOCATION OF THE BUSINESS:

BEHAVIOR OF THE PRODUCT:

ORGANIZATIONAL PLAN:

FINANCIAL PLAN:

Assessment
Directions: Choose the letter of the attribute/attributes being
described/ asked:
1. The component of a business plan which identifies the
available raw materials in your community.
a. behavior of the product
b. environment
c. location of the business
d. organizational plan
2. Why is an organizational plan needed in planning a
business?
a. To find out what products and services are available
and which of these can be improved
b. To coordinate the activities of the work force towards
the company’s goals
c. To determine the needs of the community
d. To identify the market trends in the community
3. It is the process of setting up goals for a particular business
endeavor and taking up steps to achieve these.
a. business enterprise
b. business planning
c. business operation
d. business expertise
4. The component of a business plan which identifies the
available raw materials in your community.
a. behavior of the product
b. environment
c. location of the business
d. organizational plan
5. There are several factors to consider in selecting the location
of your business. Which of these factors is not included?
a. the cost and availability of land
b. the quality of the product
c. the availability of transportation facilities,
communication, water, electricity and labor
d. behavior of the product

Lesson 3: Identify and Describe the Steps in

Preparing a Business Plan
 What I Have Learned

[Summary of Concepts]

What I Can Do

 This section presents the project to be done at home by the learner as

application of the concepts learned in this module.. . .
 In order to encourage learners to do this independently and
collaboratively, consider the general issue that can be contextualized
to the situation of the learners (e.g., asking for a recycling project
using the materials available at home, a garden, potted plant, tool
cabinet plan, home/building design, fashion dress, creative
presentation of an idea—some will do it through a poster,
tarpaulin design, a drama skit, a comic story, a video, song,
miniature or a useful home appliance, etc.)
 You may consider digital products for learners who are enrolled in
Online Learning Platform.
 For a more challenging activity and to develop critical thinking and
problem solving skills, the learners can be asked of how the project
should be graded. Thus, the learners can be asked of what they
suggest for the criteria of evaluating their projects for the grading
rubric.
 Project timeline should be indicated as much as possible.

Assessment
 Answer Key

Assessment What's More What I Know

1. 1. 1.
2. 2. 2.
3. 3. 3.
4. 4. 4.
5. 5. 5.

References