BUSINESSPLAN
for
PRESENTED BY:
CAGUIMBAL , KIM DOMINGO , JAYBEE MENDEZ , JANINE OLIVENZA , AIRAM RIVERA , HAZEL ANNE TUAZON , RON VINCENT
.
Making a
TOOLENTREPRENEUR
EXPERT SYSTEM
Pla
s
What is Busines a
A business plan is any plan that works for a business to look ahead, allocate resources, focus on key points, and prepare for problems and opportunities.
Abusiness planis a formal statement of a set ofbusinessgoals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals.
changes in perception and branding by the customer, client, tax-payer, or larger community. When the existing business is to assume a major change or when planning a new venture - a 3 to 5 year business plan is required since investors will look for their annual return in the 3 to 5 year time.
Business plans may be internally or externally focused. Externally focused plans target goals that are important to externalstakeholders, particularly financial stakeholders. They typically have detailed information about the organization or team attempting to reach the goals.
With for-profit entities, external stakeholders includeinvestorsand customers. External stake-holders of nonprofits includedonorsand the clients of the non-profit's services.
For government agencies, external stakeholders include tax-payers, higher-level government agencies, and international lending bodies such as theInternational Monetary Fund, theWorld Bank, various economic agencies of theUnited Nations, anddevelopment banks.
Internally focused business plans target intermediate goals required to reach the external goals. They may cover the development of a new product, a new service, a new IT system, a restructuring of finance, the refurbishing of a factory or a restructuring of the organization.
developed in conjunction with abalanced scorecardor a list ofcritical success factors. This allows success of the plan to be measured using non-financial measures. Business plans that identify and target internal goals, but provide only general guidance on how they will be met are calledstrategic plans.
Operational plansdescribe the goals of an internal organization, working group or department. Project plans, sometimes known as project frameworks, describe the goals of a particular project. They may also address the project's place within the organization's larger strategic goals.
What is the
EXPERT SYSTEM
ROLE of a Pla
Busines s
Fundraising is the primary purpose for many business plans, since they are related to the inherent probable success/failure of the company risk.
Strategic Planning EXPERT SYSTEM Various .) (can be used in strategic techniques, Contbusiness analysis planning
including:
SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) PEST analysis (Political, Economic, Social, and Technological analysis) STEER analysis involving Socio-cultural, Technological, Economic, Ecological, and Regulatory factors EPISTELS (Environment, Political, Informative, Social, Technological, Economic, Legal and Spiritual).
Business plans are used in some primary and secondary programs to teach economic principles. Wikiversity has a Lunar Boom Town project where students of all ages can collaborate with designing and revising business models and practice evaluating them to learn practical business planning techniques and methodology.
PRESENTED BY:
PART 2
as a
BUSINESSPLAN
for
CAGUIMBAL , KIM DOMINGO , JAYBEE MENDEZ , JANINE OLIVENZA , AIRAM RIVERA , HAZEL ANNE TUAZON , RON VINCENT
.
Making a
TOOLENTREPRENEUR
Pla
Busines s
GOOD
A Good Business EXPERT should contain a SYSTEM A business plan Plan description of the detailed
proposed business, its owners and management, its marketing plan, its competition, its use of funds and a forecast of financial needs. It should also contain a summary of business objectives, including the targets and dates. It may also include an exit plan.
Elements of a Business
Section V: Management
A.Management teamkey personnel B.Legal structurestock and employment agreements, and ownership C.Board of directors, advisors, and consultants
Additional Financing
EXPERT SYSTEM
GUIDELINES
Busines s
Plan
Guidelines to Remember
Keep the plan respectably short Organize and package the plan appropriately Orient the plan toward the future Avoid exaggeration Highlight critical risks Give evidence of an effective entrepreneurial team Do not over-diversify Identify the target market Keep the plan written in the third person Capture the readers interest
PITFALL in S Busines
s Plannin g
Avoid Glamorizing EXPERT SYSTEM your Business Plan (easy to readplan must be cleanpersons , with Cont.) by a range of , crisp and A business
varying levels of interest in and understanding of your business. Distractions such as artwork can lead to questioning the seriousness of your plan, and whether or not you're making a deliberate attempt to distract from not having adequate information available in the plan.
Avoid Business EXPERT SYSTEM Jargon or Techspeak. sound good but they don't The big words
always mean the same thing to you and the reader. And as soon as you get technical in a field that isn't your expertise, you risk losing the reader and making errors. Stick to the facts and to what you know best. Use plain English, simple words, and get to the point.
Don't look for investment EXPERT a Business until you have SYSTEM Plan and you'll be floundering. Do that
Investors do not like being placed in the position of advisingyouwhat to do and how to sort out your morass of ideas. That should be done well in advance of seeking them out.
Avoid lengthy descriptions or rambling ideas. Make your point quickly each time and use engaging language that a reader can get through easily. Break down difficult concepts into simple language and use diagrams, charts, etc., if these help to simplify.
Don't expect your EXPERT SYSTEM business plan to be finished quicklytakes time. A good business plan
Time to research, to look at both the benefits and disadvantages of your ideas, and to find all the facts and figures. This is going to take several months, including thinking time.
Spelling areas, mistakes with names, figures, etc., and grammar faux pas are unforgivable and reduce the sense of confidence in your venture. If you're not confident with your writing skills, enlist the help of someone who is good at this and have them check for errors. Get someone who is good with numbers to check your figures; and double check them too.
Whats
EXPERT SYSTEM
after making a
NEXT
Busines s
Plan ?
EXPERT SYSTEM
EXPERT SYSTEM
+ =
EXPERT SYSTEM
compass for a business. Without it youre traveling blind. With a plan you set objectives, establish priorities, and provide forcash flow.
Applying for a EXPERT SYSTEM businessrequire it, and even loan Most banks
those that dont strictly require it expect it. They expect it to be a summary of the business, with some predictable key points.
The plan wont get you the investment, but not having a plan will mean you wont get investment. Investors require a business plan. They invest in the people, the idea, the track records, the market, the technology, and other factors; but they look to the business plan to define and explain the business.
The business plan defines agreements between partners about whats going to happen.
distracting, problems come up, opportunities appear, and commitments should be followed and tracked. How do you know where you are in business without establishing where you started and where you intended to go? How can people commit to a plan they cant see?
EXPERT SYSTEM
calling card. It will get you in the door where youll have to convince investors and loan officers that you can put your plan into action. You want your calling card to look impressive, so make sure your business plan is printed out on good quality paper, you have checked the spelling and grammar, and that your numbers add up.
your plan will wonder whether you are going to make similar errors in running your business.
Know the outline thoroughly. Use key words that help recall examples, visual aids, or other details. Rehearse the presentation to get the feel of its length. Be familiar with any equipment to be used in the presentation The day before, practice the complete presentation using all visual aids and equipment.
as a
BUSINESSPLAN
for
PRESENTED BY:
CAGUIMBAL , KIM DOMINGO , JAYBEE MENDEZ , JANINE OLIVENZA , AIRAM RIVERA , HAZEL ANNE TUAZON , RON VINCENT
.
Making a
TOOLENTREPRENEUR