This work shows how

1. BUSINESS
PLANNING
By: Raymart L. Sapino

2. Selecting Business Type
As an entrepreneur you need to be sure the
environment is well-matched to the type of
business you intend to put up.
If you want to start a business in your
community, you must take into consideration
the consumers’ needs and wants, the type of
environment, your competitors, and your
business idea that relates to your chosen
career.

3. Type
of
By: Raymart L. Sapino

4. Sgenrivc bsisnuse
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of discussion

5. SERVICING BUSINESS
This type of business involves the selling of one’s
specific skills and knowledge that renders
satisfaction and utility to others depending on the
needs of the prospective customers or target
clients. It will depend mostly on what skills an
individual has acquired from formal or non-formal
education/training, from friends, lifestyle, hobby,
and his own entrepreneurial characteristics that
formulate business idea.

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nbisusse
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of discussion

7. MERCHANDISING
BUSINESS
This is a type of business activity where an
entrepreneur deals with buying and selling of
goods. An entrepreneur buys items and sells
them in the same form but with an additional
price from the actual cost of purchase of
items. This business activity involves buying
the products in bulk selling at a retail price
with considerable profits.

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inbsessu
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of discussion

9. MANUFACTURING BUSINESS
This business activity refers to the creation of
marketable products through buying of
available raw materials in the community and
the conversion of these products into
different things for marketing by manual or
mechanical labor and processes.

10. Cefnain
insbsesu
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of discussion

11. FINANCE BUSINESS
This is a type of business activity where the
owner puts up capital in the form of money or
industrial labor for the main purpose of future
profitable transactions usually involving bigger
capital such as building different types of
houses for sale, lending money to outsiders of
the business and collecting the same with
interest.

12. THE
MARKET

13. ENVIRONMENTAL
SCANNING
After selecting the type of business, As
an entrepreneur you will need environmental
scanning for you to identity the needs and
wants of people, the comings and goings in
the environment, the niches for your business
mission, and to give attention to trends and
issues. This may also serve as an evaluation of
the type of entrepreneurial activity is
appropriate in the community.

14. Environmental Scanning is defined as a
process of gathering, analyzing, and
dispensing information for tactical or
strategic purposes. The environmental
scanning process entails obtaining both
factual and subjective information on the
business environments in which a
company is operating.

15. THE COMPETITORS
Undeniably, competition causes difficulties on
the part of a potential business starter and
risks on the part of an already existing related
business. On the other hand, information from
the competitors has a great impact on how to
manage one’s business idea. They can help you
to habitually improve the quality of your
product/service, easily identify consumers,
improve sales forecasting, seek new ideas, and
apply technology.

16. Things to know about your
competitors
1. Identify your competitors. Keep your eyes open for any business that seems to be
offering the same product/service.
2. Know their pricing policies. Is their price reasonable for the quality of
products/services or does your competitor offer customers benefits that customers
recognize and value their offers?
3. Identify their customer. You must consider the types of customers who can manage
to pay for your products/services.
4. What do they offer? Investigate what makes their product different from yours.
Do they also offer good customer-selling personnel relationship?
5. Ways of promoting their products/services. What selling strategies do your
competitors employ? Do they spend money for promotion of their products/services?

17. Measuring the Market
Environment
SWOT Analysis is a tool that can correct, identify and protect
against natural calamities and unexpected interruptions that
may happen in the business. It can also be a big help to the
would-be entrepreneur in spotting new opportunities and
building their strengths.
Matching and converting SWOT is essential to use when
obtaining viable ideas of what is the best type of business you
want to generate. You can also convert weaknesses and
threats into opportunities or strengths by identifying the pros
and cons of your business idea. Then, if some pros and cons
cannot be matched and converted, you should avoid them and
do not include them to your course of action needed in
generating business idea.

18. Swot analysis

19. APPLICATION
After gathering all of the data needed.
Reflect on the things that you have learn
and now formulate a business is based on
the analysis of your market environment.

20. EVALUTION

21. Question and Answer
A type of business that uses raw materials to
create new products.
A. Servicing Business
B. Merchandising Business
C. Manufacturing Business
D. Finance Business

22. Answer
C. Manufacturing Business

23. Question and Answer
It is a process of gathering, analyzing, and dispensing
information for tactical or strategic purposes
A. Business Planning
B. Environmental Scanning
C. SWOT analysis
D. Application

24. Answer
• B. Environmental Scanning

25. Question and Answer
This type of business involves the selling of one’s
specific skills and knowledge that renders satisfaction
and utility.
A. Servicing Business
B. Merchandising Business
C. Manufacturing Business
D. Finance Business

26. Answer
• A. Servicing Business

27. Question and Answer
Inability to produce products/services at a given period
of time.
A. Strength
B. Weaknesses
C. Opportunities
D. Threat

28. Answer
• B. Weaknesses

29. Question and Answer
Tight competition between Competitors.
A. Strength
B. Weaknesses
C. Opportunities
D. Threat

30. Answer
• D. Threat

31. End