Lesson 85-Simple Business Plan

1.Set your long & short term objectives.
2.What changes are taking place in the business & how should I prepare for them?
3.How can I attain my goals?
4.What is my timetable in accomplishing my plans?

Parts of the Business Plan:
A)Title of the Business
B)Name of the Owner
C)Address of the Business
D)Introduction about the business
E)Objectives of the business
F)Financial status of the business
G)Strengths & Weaknesses of the business
H)Opportunities of the business
I)Threats in the business
J)Marketing Plan(coverage of the business)

Lesson 84-Raw Materials & Products in the Community

1.Industry:Wooden Furniture
Backward Linkages:Lumber,Labor,Delivery
Forward Linkages:Office Furnitures,House Fixtures,Delivery
2.Industry:Garment Trades
Backward Linkages:Textile,Threads,Equipment,Labor,Delivery
Forward Linkages:T-shirt,Pants,Children's Dresses,Underwear,Salesforce,Building
3.Industry:Food Manufacturing
Backward Linkages:Raw Products(ingredients),Equipment,Labor,Processing
Forward Linkages:Distribution,Labor,Sales Staff
4.Industry:Shoe Factory
Backward Linkages:Machineries,Leather,Synthetics,Corks,Woods,Nails,Labor
Forward Linkages:Ladie's shoes,Men's shoes,Children's shoes,Infant's shoes,
Labor,Delivery,Distribution,& Building
5.Industry:Entertainment
Backward Linkages:Building,Office Staff,Furnitures,Artists,Talent Managers
Forward Linkages:Promoters,Producers,Trainers,Training Studio,Equipment etc.
6.Industry:Education
Backward Linkages:Building,Office Staff,School Personnel,School Furnitures
Forward Linkages:Books,School materials,School instruments,Electronic equipment,etc.

Lesson 83-Knowing the Needs for Products & Services

1. Demands for products & services vary in nature,traditions,& the communities paying capacity.
2. Products & services are abundant & varied.

Lesson 82-Identifying Business Opportunities

Ways of Generating Ideas for Business Possibilities:
1. Examine available goods & services.
2. Examine their current & future needs.
3. Examine how needs are being satisfied?
4. Examine available resources around you.
5. Read magazines,news articles & publications on new products & technologies.

Lesson 81-Benefits of Planning

1. You are your own boss.
2. Financial security for the entrepreneur & his family.
3. Improve lifestyle of the entrepreneur & his family.

Lesson 80-Feasibility Planning

*Feasibility Plan-is a realistic & optimistic plan.
Market Study:
1.Who are your targeted prospects?
2.Do you know the buying capacity of your targeted prospects?
3.How do they buy?
4.Will they be satisfied with the services offered?
5.How will you distribute your goods?
6.What will your prospect get from patronizing you product?
7.Is your price affordable?
8.Do you know the general trade practices regarding your products or services offered?
9.What transportation system is available to reach the buyers?

Lesson 79-Opportunities for Entrepreneurial Activities

1. Entrepreneurship is not selective.
2. As long as there are people who are in need, you are in business.
3. Promotion of Industries:
a)Micro Enterprise-home industries operated within the home or housed in makeshift quarters.
-5 workers with not less than 50,000php as capital
b)Cottage Enterprise-managed & operated by a family.
- 6 to 9 workers with 50,000 to 500,000php as capital
c)Small Enterprise-10 to 99 workers with over 500,000 to 5 million pesos as capital
d)Medium Enterprise-100 to 199 workers with over 5 million to 20 million pesos as capital, like specialized manufacturing industries.
e)Large Enterprise-200 workers or more.Over 20 million pesos as capital