Component Business Plan

8/10/2019 Component Business Plan

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Prepared by: Maricel Gacusana [BTTE]

Components

of aBusiness

Plan


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BusinessPlan

Customers

Competitors

Business SiteProduction Plan

Organizational Planinancial Plan

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Customers

-Will enable you to operate based on customers needs and wants.-3 Ws can help identify your customer

What are the needs of these people?,

What type of problems do they encounter?

What are their likes and dislikes?

Demographicit includes sex, age, income, marital status, occupation,

Educational attainment, and nationality.

Psychographicit includes ones life style and personality.

Activities and interests determine the psychographic profile of an individual.

Behavioralit refers to the usage of a particular good and services.

It includes purchase limit, brand loyalty and responsiveness to price

And promotion.


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Competitors

Knowing your competitors will help you find out how they maintain

Regular customers. Competitors profile helps in making a business plan

study their product prices ad modes of sales.


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Business Site

-Location very vital for the business. A place where a number of people

Spend their free time is an ideal site for an enterprise providing food or

entertainment.


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Production Plan

-Based on the number of consumers you intend to sell your product,

determine

The quality to be produced. This is one way of estimating the

amount of the raw materials that you will be needing. You will able

to calculate the costs involved.

You must decide whether to rent or puchae an existing shop or

build your on sho. Necessary permits must be obtained. You can

ask an expert or an architect to conceptualize the building plan.

Remember to put in more money for the construction than your

initial estimatimate.


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Organizational Plan

-Determine the for of organization that your business will take.

Organizational plan includes determining the form of business such

as: sole proprietorship, partnership, corporation

After identifying the form of business that is suited to you, you may

now make the organizational plan. This includes the work task andassignments of persons working in your business.

Job positions- write down the jobs that your business requires.

Identify positions and estimate the number of applicants to be

employed.


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Financial Plan

-The financial plan will depend on the gathered information from

other plans. Here are some steps in the preparation of a financial

pla.

Determine the needed capital to start the business

Know the availability of the capital to be used.

Estimate all earnings and expenses. It is best recommended toaccount cash receivable/payables.

Estimate the loan you might acquire if your source capital is limited


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Its quiz

time!

Goodluck!!


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=Prepared by: Maricel Gacusana [BTTE]

Test I. Enumeration

1-5 (in any order) give the five components of a business plan.

Test II: True or False

Direction: Write true if the statement is correct and false

if the statement is incorrect.

6. Behavioral profiling refers to the usage of a particular good

and services.7.Demographic profiling includes ones life style and

personality.

8.Examples of Demographic Profiling is risk taker and

withdrawn.9. Production plan involves all aspects of production.

10.Planning is the main objective in making a business plan.

Component Business Plan

Documents

Transcript of Component Business Plan