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  • Development of The Business Plan

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    Paron Mar
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    The document discusses entrepreneurship and developing a business plan. It defines entrepreneurship as developing, organizing, and managing a business venture to make a profit, and an entrepreneur as someone who starts a business and risks loss to make money. When developing a business plan, it is important to plan the enterprise and understand how political, economic, social, technological, legal, and environmental factors can affect it. The business plan should also seek out opportunities, screen them, and seize the best ones. It should involve getting to know the target market, letting the market know the business better, and offering the right product for that market. Aspirational entrepreneurs are asked to describe what business they would want to build or establish in the future.

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    entrepreneurship

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    development of the business plan

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    The document discusses entrepreneurship and developing a business plan. It defines entrepreneurship as developing, organizing, and managing a business venture to make a profit, and an entrepreneur as someone who starts a business and risks loss to make money. When developing a business plan, it is important to plan the enterprise and understand how political, economic, social, technological, legal, and environmental factors can affect it. The business plan should also seek out opportunities, screen them, and seize the best ones. It should involve getting to know the target market, letting the market know the business better, and offering the right product for that market. Aspirational entrepreneurs are asked to describe what business they would want to build or establish in the future.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    24 views9 pages

    Development of The Business Plan

    Uploaded by

    Paron Mar
    The document discusses entrepreneurship and developing a business plan. It defines entrepreneurship as developing, organizing, and managing a business venture to make a profit, and an entrepreneur as someone who starts a business and risks loss to make money. When developing a business plan, it is important to plan the enterprise and understand how political, economic, social, technological, legal, and environmental factors can affect it. The business plan should also seek out opportunities, screen them, and seize the best ones. It should involve getting to know the target market, letting the market know the business better, and offering the right product for that market. Aspirational entrepreneurs are asked to describe what business they would want to build or establish in the future.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 9

    ENTREPRENEURSHIP

    ENTREPRENEURSHIP
    1. Business
    2. Capacity and willingness to develop, organize and manage a
    business venture along with any of its risks in order to make a
    profit.
    ENTREPRENEUR
    3. A person who start a business and is willing to risk loss in
    order to make money.
    4. Businessman
    THE DEVELOPMENT OF
    THE BUSINESS PLAN
    1. PLANNING THE ENTERPRISE

    • Plan you Business


    FACTORS AFFECT AN ENTERPRISE UNDER THE PESTLE.
    • Political- government
    • Economic- social science
    • Social – human society
    • Technological- using technology
    • Legal- law
    • Environmental – natural environment
    2. OPPORTUNITY

    - SEEKING
    - SCREENING
    - SEIZING
    3. GETTING TO KNOW THE MARKET
    4. LET THE MARKET KNOW YOU BETTER
    5. THE RIGHT PRODUCT FOR THE RIGHT MARKET
    • If you have chance in the future, what
    business would you build or establish.
    • Explain…

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