ENTREPRENEURSHI

P
DEVELOPING A BUSINESS
PLAN
 Planning
•In business, It is thinking ahead of
objectives, strategies, financing,
production, marketing, profit,
prospects, and growth possibilities.
 Planning
•Business planning should be
realistic.
 Planning
•Is based on available resources, and
is responsive to the needs of the
community. Otherwise, planning is
no different from dreaming.
Business Planning Explained
Planning is…
What to
do? And When to What to
expect in
How to do do it? the future.
it?
 Business Planning
•Involves the attainment of
goals, and the way to
accomplish such goals.
 Business Planning
•It should be properly planned
because consumer satisfaction means
business stability and growth in
financial language.
 Business Planning
•It is a continuous process
until consumer satisfaction is
maximized and sustained.
Principles of Planning
Must be realistic .

Must be based on felt needs.

Must be flexible .

Must start with simple projects.

 Must be realistic .

• It must be based on available resources –

human, financial and physical resources.
If these are not enough, then it would be
impossible to implement successfully the
project.
 Must be realistic .

•Any planning which is not

supported by adequate
resources likely to fail.
 Must be based on felt needs.

•The objectives of the

entrepreneur should fit the
needs of the people.
 Must be flexible .

•Resources, needs and economic

conditions change. Planning should
be adjusted to such changes to be
effective and relevant.
 Must be flexible .

•Planning should be responsive

to the trends consumer tastes
and preferences.
 Must start with simple projects.

• The most appropriate project for them is the

micro business. This requires very simple
management and technology. It also needs
simple and few resources in terms of funds,
materials, and equipment.
STAGES OF
BUSINESS
PLANNING
 Philip Kotler

•Author of Marketing
Management, said that
there four stages of
business planning.
 Philip Kotler

• Businesswhich have
passed these stages are on
the way to sophisticated
planning.
Stages of Business Planning

Unplanned Stage .

Budgeting System Stage.

Annual Planning Stage .

Strategic Planning Stage.

 Unplanned Stage .

•At the start of the business, the owner-

manager is busy looking for for funds,
customers, materials and equipment.
He has no time for planning.
 Unplanned Stage .

•His entire attention is devoted

to the daily operations of his
business in his intense desire to
survive.
 Budgeting System Stage.

• Eventually, the owner manager realizes the

need of to develop and use a budgeting
system.
Estimated incomes from sales and expected
expenditures are made.
 Annual Planning Stage .

•The owner-manager drafts an

annual plan. He/she can use either
the top-down planning or bottom
up planning.
 Strategic Planning Stage.
•A long range planning is needed. This
is a three or five year plan. Such plan
has flexibility to able to adjust to
changing conditions.
 The plan should …

be state clearly its objectives, Such as clear

statement is necessary so that those who will be

Criteria
involved in the execution of the plan will
understand, believe, accept and support it.
be provide measures for a satisfactory accomplishment

of
of the objectives in terms of quantity, quality, time and
cost. These help in delegating responsibility and
measuring result.

Effective
State the policies which should guide people
in attaining the objectives.

Planning Indicate what department or unit will be involved in

accomplishing the objectives. It may or may not spell out
the procedures for performing the required work.
 The plan should …

Indicate the time which should be allowed for each

activity. It may be necessary to establish a target data for

Criteria
completing the activity.

Specify the required resouorces and their

of
corresponding costs.

Effective
Designate the officers who will be held accountable
for the accomplishment of the ogbjectives. Sufficient
authority should be delegated to such officers.

Planning
Components of Business
Planning
SWOT .
Objectives.

Strategies . Time Frame

 SWOT .

• is a framework used to evaluate a

company's competitive position and to
develop strategic planning. SWOT analysis
assesses internal and external factors, as
well as current and future potential.
 Strength Weakness
 Cheap and abundant raw
 High price
materials
 Poor quality/service
 Sufficient funds
 Weak management
 Availability of Technology
 Lack of skilled workers
 Presencedof skilled workers
 Irregular supplu
 Good quality/service
 High cost of production
 Ease of production
 Small capital
 Strength
 Cheap and abundant raw
materials
 Sufficient funds
 Availability of Technology
 Presencedof skilled workers
 Good quality/service
 Ease of production
 Small capital
Weakness
 High price
 Poor quality/service
 Weak management
 Lack of skilled workers
 Irregular supplu
 High cost of production
Opportunities
 Big demand for the product
 Favorable government
 Scarcity of a product
 Absence of product
 Possibilities of good profit
Threats
 Shortage of raw material
 Entry of many competitors
 Increasing cost of
production
 Deteriorating peace
and order
 Union activites
Opportunities
 Big demand for the product
 Favorable government
 Scarcity of a product
 Absence of product
 Possibilities of good profit
Threats
 Shortage of raw material
 Entry of many competitors
 Increasing cost of
production
 Deteriorating peace
and order
 Union activites
 Objectives
•Should be specific and realistic
•It can be daily, weekly, monthly or
yearly.
 Strategies
•Ways of accomplishing the objectives
such ways are stated in the financial,
production, marketing and
organizational plans.
 Time Frame
•Must be efficient in time
management. Every activity has its
own time schedule.
 Instruments of Religion

• Example:
- Catholics are prohibited from eating meat on Good Friday;
- Muslims do not eat pork
- Hindus are prohibited from eating cow meat
- Almost all religions prohibit incest
- Muslims can have two or more wives at the same time but this is
a taboo to Christians. A taboo to one religion may not be a taboo to another.
 Nature of Religion
Civilized world – people
Some learned God through
Primitive form of religion – are exposed to many and
the wonders of science and
animism often conflicting beliefs,
technology
doctrines and opinions

Some are taught through Anti-clerical and atheists

Others are led to God church because they have are indifferent and hostile
through their sufferings immensely felt the towards all religious beliefs
and difficulties presence of God in their and practices because of
lives. their serious analysis.
 Definition of Religion
• The modes of religious experiences are diverse; hence, religion means
different persuasions to different people. This is the reason why it is very
difficult to reach a generally accepted definition in terms of uniformity of
the term “religion”.

• Etymologically, religion comes from the Latin word religio (respect for
what is sacred) and religare (to bind together).
 Religion serves as an instrument of change.

Religion promotes closeness, love, cooperation, friendliness, and

helpfulness.

Religion gives man comfort, strength, and hope in times of crisis and
despair.

Religion allays fear of the unknown.

Religion supplies the explanation to events or situations which are beyond

the comprehension of man.

Religion alleviates sufferings from major calamities.

 Religion motivates individuals and group life. It involves valuing attitude
towards life, its interest and activities. It cultivates faith, hope, and beauty,
goodness, love and respect for human life.

Religion supports sound morals; it integrates and promotes group

solidarity.

Religion provides norms of behavior for proper conduct of the daily

activities of the people.
 Offers opportunities for personal reflection and
spiritual development.

Implications Enhances awareness and understanding of

religions and beliefs, teachings, practices and
of Religion to forms of expression and of the influence of
religion individuals, families, communities and
Education cultures.
Encourages pupils to learn from different religions,
beliefs, values and traditions, while exploring their
own beliefs and questions of meaning.

Challenges pupils to reflect on, consider, analyze,

interpret and evaluate issues of truth, belief, faith
and ethics and to communicate their responses.
 Develops pupils’ knowledge and understanding of the
nature of religion and belief including Christianity,
other principal religions, traditions and world views that
offer answers to the challenging questions
Implications Contribute to pupils’ personal development and well-
being to community cohesion by promoting mutual
of Religion to respect and tolerance in a diverse society.

Education Encourages pupils to develop their sense of identity and

belonging.

Enables them to flourish individually within their

communities and as citizens in diverse society and
global community.
 Has an important role in preparing pupils for adult life,
employment and lifelong learning.

Implications Enables pupils to develop respect for and sensitivity to

others.
of Religion to
Education Can make an important contribution to other parts of the
school curriculum such as citizenship, personal, social,
health, and economic education, the humanities and the
arts, education for sustainable development.
 Influence of Religion to Philippine
Education
According to the article of Thelma P. Yalung , of Tinajero National High
School, Mabalacat Pampanga- “Empowering the tree of Philippine
education are the wise seeds sown by religious beliefs and values. Inspiring
and guiding learners, religious philosophy lights up the fountain of
knowledge, thus influencing their minds. Having been colonized by Spain
for three centuries, the Filipino majority are Catholics. Since Filipinos are
believers of God, our thoughts and actions are guided accordingly to each
of the philosophy of our religion”.
https://slideplayer.com/slide/13911887/
https://www.studocu.com/ph/document/university-of-the-philippines-system/sociological-theor
y-and-concepts/anthropology-foundation-of-education-religion/18327347

https://books.google.com.ph/books?id=aY5QWDQpZLQC&printsec=frontcover#v=onepage&q&f=false

References