DAILY ENTREP 10 LESSON PLAN

GRADE LEVEL LEARNING AREA/ QUARTER / DOMAIN DATE SECTION

10 ENTREP/QUARTER 3/ENTREP MARCH 18, 2024 INFANTE

I. OBJECTIVES
The learner demonstrates an understanding of key concepts, underlying principles, and
A. Content Standards
core competencies in Entrepreneurship.
The learner independently creates/provides a quality and marketable product and/or
B. Performance
Standards service in Entrepreneurship.
CS_EP11/12ENTREP-0a-1

At the end of the lesson, the learners should be able to:

C. Learning
Competencies/ 1. determine the Development of Business Plan;
Objectives
2. appreciate the importance of development of business plan by answering the
(Write the LC
code) questions; and
3. perform the products and services by describing the offers.
II. CONTENT Development of a business plan
III. LEARNING
RESOURCES
A. References
1. Teacher’s Guide
pages

2. Learner’s
Materials pages CS_EP11/12ENTREP-0a-i-19 CS_EP11/12ENTREP-0a-i-20

3. Textbook pages

4. Additional
Materials from LR
portal

B. Other Learning
melcs entrep.pdf
Resources
IV. PROCEDURES
A. Preliminary
Activities
1. Prayer To be led by the learner scheduled for the day.
2. Greeting The teacher and the learners will exchange greetings.
3. Checking of
Attendance The teacher will check the attendance of the class.

Activity 1: “Reviewing about Entrepreneurship”

The teacher will review the past lesson.
B. Reviewing Previous
Lesson or Presenting  What is entrepreneurship?
the new Lesson  How will you apply discipline in doing business?
 Can you give situations about discipline in doing business?

C. Establishing a Activity 2: Who knows!

purpose for the
lesson The students will be given an activity. The teacher will show pictures.
 Guide Questions:

1. How did you find the activity?

2. What have you noticed about the pictures?
3. What is the common denominator between the pictures?
4. What is the connection of all the pictures?

D. Discussing the new What Is a Business Plan?

concepts
◦ A business plan is a document that details a company's goals and how
it intends to achieve them. Business plans can be of benefit to both
startups and well-established companies. For startups, a business plan
can be essential for winning over potential lenders and investors.
Established businesses can find one useful for staying on track and not
losing sight of their goals. This article explains what an effective
business plan needs to include and how to write one.

Key Take Away

◦ A business plan is a document describing a company's business

activities and how it plans to achieve its goals.
◦ Startup companies use business plans to get off the ground and attract
outside investors.
◦ For established companies, a business plan can help keep the executive
team focused on and working toward the company's short- and long-
term objectives.
◦ There is no single format that a business plan must follow, but there
are certain key elements that most companies will want to include.

Understanding Business Plans

◦ Any new business should have a business plan in place prior to
beginning operations. In fact, banks and venture capital firms often
want to see a business plan before they consider making a loan or
providing capital to new businesses.

What Is Venture Capital (VC)?

 ◦ Venture capital (VC) is a form of private equity and a type of financing
that investors provide to startup companies and small businesses that
are believed to have long-term growth potential. Venture capital
generally comes from well-off investors, investment banks, and any
other financial institutions.

◦ Venture capital doesn't always have to be money. In fact, it often

comes as technical or managerial expertise. VC is typically allocated to
small companies with exceptional growth potential or to those that
grow quickly and appear poised to continue to expand.
◦ Even if a business isn't looking to raise additional money, a business
plan can help it focus on its goals. A 2017 Harvard Business
Review article reported that, "Entrepreneurs who write formal plans
are 16% more likely to achieve viability than the otherwise identical
non planning entrepreneurs."

◦ Ideally, a business plan should be reviewed and updated periodically to

reflect any goals that have been achieved or that may have changed.
An established business that has decided to move in a new direction
might create an entirely new business plan for itself.
◦ There are numerous benefits to creating (and sticking to) a well-
conceived business plan. These include being able to think through
ideas before investing too much money in them and highlighting any
potential obstacles to success. A company might also share its business
plan with trusted outsiders to get their objective feedback. In addition,
a business plan can help keep a company's executive team on the same
page about strategic action items and priorities.

Business plans, even among competitors in the same industry, are rarely
identical. However, they often have some of the same basic elements, as we
describe below.

How to Write a Business Plan

◦ While there are any number of templates that you can use to write a
business plan, it's best to try to avoid producing a generic-looking one.
Let your plan reflect the unique personality of your business.

Many business plans use some combination of the sections below, with
varying levels of detail, depending on the company.

Common Elements of a Business Plan

◦ The length of a business plan can vary greatly from business to
business. Regardless, it's best to fit the basic information into a 15- to
25-page document. Other crucial elements that take up a lot of space
—such as applications for patents—can be referenced in the main
document and attached as appendices.

These are some of the most common elements in many business plans:
◦ Executive summary: This section introduces the company and
includes its mission statement along with relevant information about
the company's leadership, employees, operations, and locations.
What Is a Mission Statement?
A mission statement is used by a company to explain, in simple and concise
terms, its purpose(s) for being. The statement is generally short, either a single
sentence or a short paragraph.

KEY TAKEAWAYS
 ◦ A mission statement is used by a company to explain, in simple and
concise terms, its purpose(s) for being.
◦ It is usually one sentence or a short paragraph, explaining a company's
culture, values, and ethics.
◦ Mission statements serve several purposes, including motivating
employees and reassuring investors of the company's future.
◦ To craft a mission statement, consider how your company impacts
customers, donors, investors, or your community and why you strive to
help these parties.
◦ A mission statement might slightly overlap other marketing content,
but it is different from a vision statement, value statement, brand, or
slogan.

How a Mission Statement Works

◦ Mission statements serve a dual purpose by helping employees remain
focused on the tasks at hand, and encouraging them to find innovative
ways of moving toward increasing their productivity with the eye to
achieving company goals.

◦ A company’s mission statement defines its culture, values, ethics,

fundamental goals, and agenda. Furthermore, it defines how each of
these applies to the company's stakeholders—its employees,
distributors, suppliers, shareholders, and the community at large.
These entities can use this statement to align their goals with those of
the company.

What Is a Stakeholder?
◦ A stakeholder is a party that has an interest in a company and can
either affect or be affected by the business. The primary stakeholders
in a typical corporation are its investors, employees, customers, and
suppliers

◦ Products and services: Here, the company should describe the

products and services it offers or plans to introduce. That might include
details on pricing, product lifespan, and unique benefits to the
consumer. Other factors that could go into this section include
production and manufacturing processes, any relevant patents the
company may have, as well as proprietary technology. Information
about research and development (R&D) can also be included here.

◦ Market analysis: A company needs to have a good handle on the

current state of its industry and the existing competition. This section
should explain where the company fits in, what types of customers it
plans to target, and how easy or difficult it may be to take market
share from incumbents.

◦ Marketing strategy: This section can describe how the company plans
to attract and keep customers, including any anticipated advertising
and marketing campaigns. It should also describe the distribution
channel or channels it will use to get its products or services to
consumers.

◦ Financial plans and projections: Established businesses can include

financial statements, balance sheets, and other relevant financial
information. New businesses can provide financial targets and
estimates for the first few years. Your plan might also include any
funding requests you're making.
 ◦ TIPS: The best business plans aren't generic ones created from easily
accessed templates. A company should aim to entice readers with a
plan that demonstrates its uniqueness and potential for success.
2 Types of Business Plans

◦ Business plans can take many forms, but they are sometimes divided
into two basic categories: traditional and lean startup. According to the
U.S. Small Business Administration (SBA), the traditional business plan
is the more common of the two.
◦ Traditional business plans: These plans tend to be much longer than
lean startup plans and contain considerably more detail. As a result
they require more work on the part of the business, but they can also
be more persuasive (and reassuring) to potential investors.
◦ Lean startup business plans: These use an abbreviated structure that
highlights key elements. These business plans are short—as short as
one page—and provide only the most basic detail. If a company wants
to use this kind of plan, it should be prepared to provide more detail if
an investor or a lender requests it.

Why Do Business Plans Fail?

◦ A business plan is not a surefire recipe for success. The plan may have
been unrealistic in its assumptions and projections to begin with.
Markets and the overall economy might change in ways that couldn't
have been foreseen. A competitor might introduce a revolutionary new
product or service. All of this calls for building some flexibility into your
plan, so you can pivot to a new course if needed.

How Often Should a Business Plan Be Updated?

◦ How frequently a business plan needs to be revised will depend on the
nature of the business. A well-established business might want to
review its plan once a year and make changes if necessary. A new or
fast-growing business in a fiercely competitive market might want to
revise it more often, such as quarterly.

What Does a Lean Startup Business Plan Include?

◦ The lean startup business plan is an option when a company prefers to
give a quick explanation of its business. For example, a brand-new
company may feel that it doesn't have a lot of information to provide
yet.
The Bottom Line
◦ A business plan can be useful to companies of all kinds. But as a
company grows and the world around it changes, so too should its
business plan. So don't think of your business plan as carved in granite
but as a living document designed to evolve with your business.

E. Developing Mastery The teacher will assess the knowledge of the students.

Direction: Get ½ cross wise. I will read the question twice.

1. Is a document that details a company's goals and how it intends to

achieve them.
2. What is the meaning of VC?
3. Who can be a stakeholders?
 4. These plans tend to be much longer than lean startup plans and contain
considerably more detail.
5. These use an abbreviated structure that highlights key elements. These
business plans are short—as short as one page
6. How Often Should a Business Plan Be Updated?
7. -10. Why do business plan fail?
11. Established businesses can include financial statements, balance sheets
12-15. Why is it important to plan before having a business?

The teacher will ask the students.

F. Making
Generalizations and  What did you learn about the development business plan?
Abstractions about  What is the most important in developing a business plan?
the Lesson
 How important to understand the development of business plan?

The students will be given an activity.

Direction: I will group you into 3 groups, you will perform about the products
and services. Explain the benefits, expiration date (if any). You will decide what
kind of product and services you will perform.

G. Finding Practical
Applications of
concepts and skills in
daily living

Direction: In a ½ crosswise write a reflection about development business plan.

H. Evaluating Learning

I. Assignment Direction: Research on how to make a Business Plan.

V. REMARKS

VI. REFLECTION

A. No. of learners who earned 80% in the evaluation

B. No. of learners who require additional activities for
remediation
C. Did the remedial lessons work? No. of learners who
have caught up with the lesson
D. No. of learners who continue to require remediation
 E. Which of my teaching strategies worked well? Why
did these work?
F. What difficulties did I encounter which my principal or
supervisor can help me solve?
G. What innovation or localized materials did I
use/discover which I wish to share with other
teachers?

Prepared by:

KAREN FAE P. CANDO

Teacher I

Checked by:
RANDY I. MAYORDOMO
Master Teacher I

Noted by:
MARILYN R. DEL PILAR, HT-III
JHS Department Head