Professional Documents
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Entrepreneurial Business Planning
Entrepreneurial Business Planning
Entrepreneurial Business Planning
Business Planning
*Learning Objectives:
Understand
the importance of planning in effective
management
Know the importance and uses of the business plan.
Understand the contexts of a business plan.
Be able to prepare a business plan.
*Planning
the fundamental management function, which
involves deciding beforehand, what is to be done, when is it
to be done, how it is to be done and who is going to do it.
STRATEGIZE
ESTABLISH
BUSINESS PLAN
* What is a business plan?
a written document that describes in detail how a business — usually
a start-up — defines its objectives and how it is to go about achieving
its goals. A business plan lays out a written roadmap for the firm from
each of a marketing, financial, and operational standpoint.
• Obtain Finances
• Determine Resources Needed
― Determine Existing Resources
― Identify Resource Needs
― Determine Suppliers of Needed Resources
― Develop Approach to Suppliers of Needed
Resources
• Establish Direction for Firm
• Evaluate Results of Firms
― Management by Deviation
― Reporting Results to Stakeholders
• Obtain a Joint Venture Partner
* Benefits of a Business Plan
Description of Industry
• Future outlook and Trends
• Analysis of Competitors
• Industry and Market Forecasts
• Technology Plan
• Description of Technology
• Technology Comparison
• Commercialization Requirements
Marketing Plan
• Market Segment
• Product or Service
• Pricing
• Distribution
• Promotion
Financial Plan
• Sources and Applications of Funds Statement
• Pro Forma Income Statement
• Pro Forma Cash Flow Statements
• Pro Forma Balance Sheet
• Break – even Analysis
Production (outsourcing) Plan
• Manufacturing Process ( Amount Subcontracted)
• Physical Plant
• Machinery and Equipment
• Suppliers of Raw Materials
• Outsourcing Aspects
Organizational Plan
• Description of Company’s Operation
• Flow of Orders and Goods
• Exit Strategy
Every venture needs a business plan to set the direction for the firm
and/or to obtain financial resources. It must be well written and
organized, consistent without errors to have a clear understanding to
achieve future success of the new venture.
“Unless commitment is made, there are only
promises and hopes, but no plans.”
-Peter F. Drucker
Thank you!
Prepared and Presented by:
ANJIEUANA A. SELLE
ALIAZA MAE P. CABALHIN