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ENTREPRENEURIAL
    OPTIONS

     START-UP
                 Presented by:
              JUANITA C. BONDA
        JMC BUSIN...
START UP
     Creating A New Business
A.   What is Business?
B.   Types of Business
C.   Values of Business
D.   Purpose a...
What is Business?
• Is an undertaking or venture for the
  primary purpose of making a gain or
  profit.

• Includes any l...
Types of Business
1. Commerce & Trade – it concerns with the transfer or
   exchange of goods from producers to consumers ...
Types of Business
3. Investment of finance – it concerns with the investing or
   lending money and collecting the same wi...
Values & Purpose of Business
                         VALUES

•   Business supply good and services
•   Business creates j...
Essentials of a Business System
To be financially successful, the business must
   possess the following:
2.    Product or...
Forms of Business Organizations
•    Single Proprietorship – business organization owned
     and managed by only one pers...
Identifying the Business
I.    Generating Idea for Business
      a. Examine existing goods and services.
      b. Examine...
Planning the Business
Planning- is the process of looking ahead and
  anticipating events. It leads into a pre-
  determin...
Major Elements of a Business Plan
 I.     Introduction
           A 1 to 3 page overview of the total business plan It
 hi...
Major Elements of a Business Plan
     V. Management Plan
           Identifies “key players”, the active investor,
      ...
Steps in Preparing a Business Plan

I.   Study your products or services and
     their markets

III. Select a good locati...
TO GOD BE THE GLORY

      “AND WE KNOW THAT
  ALL THINGS WORK TOGETHER
    FOR THE GOOD TO THEM
        WHO LOVE GOD;
   ...
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Entrepreneurial Options

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a BRIEF DESCRIPTION on what BUSINESS is all about.

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Transcript of "Entrepreneurial Options"

  1. 1. ENTREPRENEURIAL OPTIONS START-UP Presented by: JUANITA C. BONDA JMC BUSINESS SERVICES CENTER
  2. 2. START UP Creating A New Business A. What is Business? B. Types of Business C. Values of Business D. Purpose and Characteristics of Business E. Essentials of a Business System F. Forms of Business Organization G. Identifying the Business H. Planning the Business
  3. 3. What is Business? • Is an undertaking or venture for the primary purpose of making a gain or profit. • Includes any lawful activity carried on continuously, which involves buying & selling, manufacturing and rendering of services for money.
  4. 4. Types of Business 1. Commerce & Trade – it concerns with the transfer or exchange of goods from producers to consumers or between nations and individuals. It is classified into: a. Domestic or Local trade – refers to purchase and sale of commodities of goods within the country. b. International trade – known as export and import trade. It is the purchase and sell of goods or services between countries. 2. Industry –concern with the production of goods that are used either by the consumers known as “ consumers goods” or other industries for production of other goods known as “ producers goods”
  5. 5. Types of Business 3. Investment of finance – it concerns with the investing or lending money and collecting the same with interest. 4. Service – it deals with the rendering of services for money. a. Recreation Service – include motion pictures production and distribution, theaters for drama and stage presentation, television and the like. b. Personal service – includes the likes of restaurants, hotels, lodging housing and others.
  6. 6. Values & Purpose of Business VALUES • Business supply good and services • Business creates jobs • Business pays taxes • Business are buyers • Business attract other businesses PURPOSE & CHARACTERISTICS • Livelihood • Social Recognition • Profit • Development
  7. 7. Essentials of a Business System To be financially successful, the business must possess the following: 2. Product or service on Demand 3. Adequate capital 4. Competent Management 5. Well-defined objective 6. A strategic location 7. A loyal and motivated workforce 8. An adequate accounting system 9. Capable financial control 10. Proper form of Business Organization
  8. 8. Forms of Business Organizations • Single Proprietorship – business organization owned and managed by only one person or single family • Partnership – business organization owned & managed by two or more persons who contribute money, property or service to a common fund as capital. • Corporation – business organization whose common fund or capital is divided into shares of stocks. The owners are called corporators or stockholders. • Cooperative – a business organization that is owned and operated by its members who use to and buy its goods or services, the profit of which are distributed to the members in proportion to the amount of goods or services they use or buy.
  9. 9. Identifying the Business I. Generating Idea for Business a. Examine existing goods and services. b. Examine present and future need c. Examine how needs are being satisfied d. Examine available materials or things around you. e. Read magazines, news articles, and other publications on new products and techniques or new advances in technology. II. Selecting the Right Idea
  10. 10. Planning the Business Planning- is the process of looking ahead and anticipating events. It leads into a pre- determined actions that will put into effect to achieve a desired objective. Business planning requires all the other management skills such as marketing, financial management, managing people and understand the legal aspects of business. Planning significantly increases your changing of success by focusing on five areas sometimes overlooked by most entrepreneurs.
  11. 11. Major Elements of a Business Plan I. Introduction A 1 to 3 page overview of the total business plan It highlights their significant points and ideally, creates enough excitement to motivate the reader to read on. II. Business Description Explains the type of business and give its history if it already exist. Tells whether it is manufacturing, retail, service and other type of business. III. Product and Service Plan Describes the product and or service & points out any unique features. Explains why people will buy the product or service. IV. Marketing Plan Shows who will be your customers and what type of competition you will face.
  12. 12. Major Elements of a Business Plan V. Management Plan Identifies “key players”, the active investor, management team and directors. Cites the experience they possess. VI. Operating Plan Explain the type of manufacturing or operating system you will use. Describe the facilities, labor, raw materials and processing requirements. VII. Financial Plan Specifies financial plan needs and contemplated sources of financing. Presents projections of revenues, costs, and profits. VIII. Legal Plan Shows the proposed type of legal organization- proprietorship, partnership or corporation. Points out special, relevant legal considerations.
  13. 13. Steps in Preparing a Business Plan I. Study your products or services and their markets III. Select a good location for your business V. Prepare a financial plan
  14. 14. TO GOD BE THE GLORY “AND WE KNOW THAT ALL THINGS WORK TOGETHER FOR THE GOOD TO THEM WHO LOVE GOD; TO THEM WHO ARE CALLED ACCORDING TO HIS PURPOSE”. Romans 8:28
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