SLK for ENTREPRENEURSHIP Quarter 4 Week 5

After going through this module, you are expected to:

1. Implement the business plan.

I. INTRODUCTION: Background Information for Learners

In your previous lesson, you have manifested your understanding of starting and operating a business. In
this learning activity sheet, you will be able to implement your new developed business plan. Planning is “today’s
preparation for tomorrow”. It is looking ahead by arranging a structure for doing a project. These are the
questions to be answered by what to do? When it is to accomplish? Where will it take place? Who will do it?
How to do it and How much resources needed?

II. CONTENT NOTES

Business Plan is a written document that describes in detail how a business — usually a startup — 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 to attract investment before a company has
established a proven record (Hayes 2020). The body of the business plan is divided into five distinct sections
(Rafael 2005):
1. Description of the business
Provide a detailed description of the business. It answers the question “What business am I in?” The business
description is divided into three primary sections:
a. Business Description – In describing the business, it explains legalities (business form), licenses
and permits you will need, what is your product/ service offering, and time of operations.
b. Product/ Service – Describe the benefits of your goods/ services from your customer’s perspective.
c. Location – It should be strategic, accessible and secured to consumers.
2. Marketing Plan
Know the customers likes, dislikes and expectations to come out with marketing strategy. Describe your
target customers. Marketing plan divided into 3 sections:
a. Competition – In business, “Competition is a way of life.” Know the trends, latest technology,
develop and improve your products according to what the market is looking for. The more you
offer something new the more competitive you are.
b. Pricing and Sales- Pricing strategy is one of the marketing technique you can use. Consider your
competitors prices in the market. Here are some of the pricing strategy you can apply depending on
the type of business:
● Retail cost and pricing
● Competitive pricing position
● Pricing below competition
● Pricing above competition
● Price lining
● Multiple pricing
● Service costs and pricing
● Material costs
● Service components

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 ● Labor costs
● Overhead costs

c. Advertising and Public Relations – Advertising and promoting your product/ service is either you
make or break. To have a good product and you did not promote, you are not doing business at all.
Advertising and promoting your product are the lifeline of your business. Widen your network.
The more people will know and see your product the more chances your business will grow.
3. Management Plan – Managing a business demands dedication, persistence, and ability to make
decisions, the ability to manage both your employees and finances. Marketing and management plan
work hand in hand because it sets as foundation of your business. Forms of Business Ownership
(Paragas, Alma and Fulgencio, Maria Garcia A. 2005)
a. Sole or Single Proprietorship – It denotes single ownership, unlimited liability, control over all
decisions, receives all profits.
b. Partnership – Two or more people bind together to share money, property, common fund and
industry with the intention of dividing the profit among themselves.
c. Corporation - Run by two or more company, run by stockholders having limited liability and
regulate by statute.
d. Cooperatives - An association or corporation established for the purpose of providing services on
a nonprofit basis to its shareholders or members who own and control it.
Choosing your Location (Paragas, Alma and Fulgencio, Maria Garcia A. 2005)

1. Know the population of the trading area

2. Study the competition
3. Study the location’s accessibility.
SWOT Analysis
A compilation of your company's strengths, weaknesses, opportunities and threats. The primary
objective of a SWOT analysis is to help organizations develop a full awareness of all the factors involved in
making a business decision.
Registering your Business

Every business small or large has to register with various government agencies. Why do you need to
register your business?
a. It gives you a unique identity.
b. It protects you from personal liability.
c. It attracts more customers.
d. It is easier to get bank credit and investment from investors.
e. It is important for continuity sake.
f. It secures and protects your business and customers.
● Department of Trade and Industry (DTI)
✔Administers the registration of business names.
✔Business name registration with the DTI is optional for Partnerships and Corporations.
✔In cooperatives no need to register name in DTI.
✔Registering your Business Name with the DTI is an assurance that no other entity may
legally use your business name anywhere in the Philippines.
● Securities and Exchange Commission (SEC)
✔Gives the business enterprise its legal personality.
✔Only Partnership and Corporations need to be registered with the SEC.

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 ● Social Security System (SSS)

✔ SOLE/ SINGLE PROPRIETORSHIP - Accomplish and submit SSS Forms R-1

Employer’sDataRecordandR-1AInitialorSubsequentList of Employees
✔ PARTNERSHIPS- Accomplish and submit R-1 and R-1A together with the photocopy
of Articles of Partnership.
✔ CORPORATIONS- Accomplish and submit R-1 and R-1A signed by its President or
any corporate officers or incorporators together with Articles of Incorporation.
● Bureau of Internal Revenue (BIR)
✔Register for tax purposes
● Department of Labor and Employment (DOLE)
✔Employees with five or more are encouraged to register with DOLE.
✔Monitors company compliance with labor laws.
✔Employees with 50 or more is mandatory to register with the DOLE.
✔Secure and fill up the Registration form with the attachment of Photostat copy of SEC
Certificate of Registration.
● Local Government Unit (LGU)- Municipality
✔All businesses whatever the legal form are required to secure a Mayors Permit or
Business Permit or municipal license to operate.
● Cooperative Development Authority (CDA)
✔All Cooperatives are required to register with the CDA as per RA 6938 and 6939
● Other Agencies
✔BPI ( BUREAU OF FOREST DEVELOPMENT)
✔NTA (NATIONAL TOBACCO ADMINISTRATION)
✔DTI-BPS (DTI- BUREAU OF PRPDUCT STANDARDS)
✔DTI-BTRCP (DTI- BUREAU OF TRADE REGULATION AND CONSUMER
PROTECTION)
✔SUBCONEX ( NATIONAL SUBCONTRACTORS EXCHANGE
✔IPO (INTELLECTUAL PROPERTY OFFICE)
✔BFAD (BUREAU OF FOOD AND DRUGS)
✔GTEB (GARMENTS AND TEXTILE EXPORT BOARD)
✔NFARD (NATIONAL FOOD AUTHORITY-REGULATORY
DIVISION)
✔FIDA (FIBER INDUSTRY DEVELOPMENT AUTHORITY)
✔BFAR (BUREAU OF FISHERIES AND AQUATIC RESOURCES)
✔BAI ( BUREAU OF ANIMAL INDUSTRY)

4. Financial Plan – Sound financial management is one of the best ways for your business to remain
profitable and solvent. To effectively manage your finances, you should plan a sound, realistic budget
by determining the actual amount of money needed to open your business (your startup costs) and the
amount needed to keep it open (your operating costs). In planning your financial, loan applications,
capital equipment and supply list, break-even analysis, pro forma income statement, pro forma cash
flow and balance sheet should be included. In this part, you should include also theexplanations of your
projections. You should aim not to become a financial wizard but to understand the financial tools
enough to gain benefits.

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Why Business Plan Should be Prepared?
1. Provides you with the road map that you need in order to run your business.
2. Assist in financial aspect.
3. Tells how much capital to invest.
4. Guides you to generate business ideas.
5. Establishes check and balance to avoid mistakes.
6. Sets up benchmarks to keep your business under control.
7. Develops your competitive spirit.
8. Analyzes market competition.
9. Helps you decide to “go” or “not to go” the business.

Obtaining Facts for a Business Plan (Bernardino 2005)

If you are planning to put up a business, you need to gather an information needed about the location, kind
of business and potential customers.
1. What are the trends?
2. Who are your potential and target customers?
3. Who are your competitors?
4. How much is your capital you will invest?
5. What are the equipment and facilities you will need?
6. What kind of staff you will need in your business?
7. How will you organize your business?
8. How to keep records and profits on track?

Guidelines for successful business plan implementation:

Objectives- the entrepreneur should have a clear idea on what is his purpose of putting up his
enterprise. Tasks- this means that the entrepreneur must know what the tasks are he has to perform in
order that his objectives will be realized.
Time allocation- This means that the entrepreneur should have a timetable or a schedule to follow every task,
so that it will be accomplish on time and realize his objective.
Progress- This means that the entrepreneur should monitor the development of the tasks and the accomplishment
of the objective.

III. ACTIVITIES. Use your answer sheets and extra sheet of bond paper if needed for these activities.

Learning Competency with Code: Implement the business plan CS_EP11/12B-ENTREP-Iva-i-2

Day 1
Business Idea Generation:
Instruction:
1. You may do this solo or group with 3-5
members. Group :

Activity 1: Create your Business Ideas Chapter 1

Management Plan
Business Name:
Business Product/ Service:
Reasons why you choose Your business name.

Reasons why you choose your business product/ service.

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 Create your objectives:
1.
2.
3.
Create your Vision

Create your Mission

Create your Key To Success

Create a logo and tagline

Location of your business

Start -Up Capital

Types of Ownership

Organizational Plan
Chart
Job Description
SWOT Analysis
Activity 2: Develop your Business Plan
Chapter 2 Marketing Plan
Place (location and target market) Promotion (Marketing strategy)
Price (How much the product/ service)
Product/ services (describe the product/service)
Distribution (how will you market the product/ service, how will you get your raw materials)

Activity 3: Create your Business Ideas

Chapter 3 Legal Aspect

What are the Legal Requirements (permits) of your business to comply.

Activity 4: Create your Business Ideas

Chapter 4 Technical Aspect

What are the equipment needed for the operation?

What are the supplies needed in the business?

What are the ingredients for making the product?

Nature of the location (rental, lease or purchased with price assumptions).

Product/service description (equipment, ingredients, materials used with price).

Transportation description (car/truck/ service with price).

Office layout /floor plan description.

Production and operational procedure.

IV. EVALUATION
Directions: Read and understand each item carefully and choose the correct answer. Write only the letter of your
answer on your Entrepreneurship answer sheet.
1. Which is NOT a content of a Business Plan?
A. The method or pathway used to reach a customer.
B. A statement regarding a customer’s specific demands.
C. A specific service or product from a large portfolio.
D. A shortlist of the partnerships that are essential for a business’ operation.
2. What is the document that serves as a roadmap to guide the business?
A. Business plan C. Managerial plan
B. Financial plan D. Production plan
3. What is the most important part of your business plan?
A. Executive Summary C. Table of Contents
B. Background D. Financial Plan
4. What is called a comprehensive document that outlines a company’s overall marketing effort?
A. Business plan C. Marketing plan
B. Financial plan D. Production plan
5. The following are selling strategies EXCEPT
A. How will you improve the packaging of your product?
B. How will you make your selling price more unattractive?
C. How will you make your buyers know about your products?
D. How will you improve the delivery of your products to your buyers

V. REFERENCES
Torres, Alejandrina M.
Bernardino, Josephine C. 2005. "How to Plan a Small Business." In Technology and Livelihood Education I,
by Josephine C. Bernardino, 443-447. Quezon City: Phoenix Publishing House Inc.

Hayes, Adam. 2020. Investopedia.com. August 21. Accessed October 26, 2020.
https://www.investopedia.com/terms/b/business-plan.asp. Paragas, Alma and Fulgencio, Maria Garcia A.
2005. "The BAsics of Strating a Good Business." In Tecnology and Livelihood Education IV
Home Technology and Business Management, by Alma and Fulgencio, Maria Garcia A. Paragas, 259-267. Quezon City:
Phoenix
Publishing House inc.

Rafael, Edita Tampinco. 2005. "Developing a Business Plan." In Technology and Livelihood Education III, by Edita
Tampinco Rafael, 447-
455. Quezon City: Phoenix Publishing House Inc.

Gulles, Hazel Gay J., Cansojong National High School, Talisa City Division, Region VII, 2021

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VI. ANSWER SHEETS: ENTREPRENEURSHIP_Q4_WEEK 5

Name: Grade & Sec.:

Business Idea Generation:

Group Members: _

Activity 1: Create your Business Ideas

Chapter 1 Management Plan

Business Name:
Business Product/ Service:
Reasons why you choose Your business name.

Reasons why you choose your business product/ service.

Create your objectives:

1.

2.

3.

Create your Vision :

Create your Mission:

Create your Key To Success:

Create a logo and tagline:

Location of your business:

Start -Up Capital:
Types of Ownership:
Organizational Plan

Chart

Job Description

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 SWOT Analysis

Activity 2: Develop your Business Plan Chapter 2 Marketing Plan

Place (location and target market) Promotion (Marketing strategy):
Price (How much the product/ service) :
Product/ services (describe the product/service):

Distribution (how will you market the product/ service, how will you get your raw materials):

Activity 3: Create your Business Ideas Chapter 3 Legal Aspect

What are the Legal Requirements (permits) of your business to comply?

Activity 4: Create your Business Ideas Chapter 4 Technical Aspect

What are the equipment needed for the operation?

What are the supplies needed in the business?

What are the ingredients for making the product?

Nature of the location (rental, lease or purchased with price assumptions).

Product/service description (equipment, ingredients, materials used with price).

Transportation description (car/truck/ service with price).

Office layout /floor plan description.

Production and operational procedure.

Evaluation:
1.
2.
3.
4.
5.