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Entrepreneurship
Senior High School Applied - Academic
Unit 2: The Business Plan
Lesson 2
The Business Plan Contents (I):
Introduction, Executive Summary, and
Proponents
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
How can a business be
established?
What should an
entrepreneur do to
choose the best product
or service for his or her
customers?
2
Learning
Objective
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
At the end of the
lesson, you should
be able to do the
following:
Discuss the different parts of a
business plan.
3
3
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
How did you introduce
yourself to your
partner?
What did you notice
about how your partner
introduced himself or
herself to you?
4
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Why is it
important to
have an
introduction to
every product
or service that
we have?
5
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Business Plan Introduction
The business plan
introduction serves as
the “birds-eye view” of
your plan.
6
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Business Plan Introduction
It is written at a high
level while not going
into details.
7
8
What is the difference between
the business concept and
business model?
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
The Business Concept
A business concept should have
the essence of the business in a
short but powerful manner.
9
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
The Business Model
10
A business model is a formula on
how the business plans to make
money out of business.
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
1. Raising revenue
2. The cost of the enterprise
products and other costs
of doing business
3. Major investments of the
enterprise
4. Financing the investment
Four Areas of Business Modelling
11
12
Why should you have measurable
goals and objectives in your
business plan?
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
The business goals show the long-term and
future prospects of the enterprise.
It is composed of the vision, mission,
objectives, key results area, and
performance indicators.
The Business Goals
13
13
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Goals tell you wherever you want to go;
objectives tell you precisely the way to get
there.
The Business Goals
14
14
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Goals will increase your effectiveness;
objectives back your goals, and cause
you to be more economical.
The Business Goals
15
15
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Goals are usually represented in words;
objectives usually go together with numbers
and specific dates.
The Business Goals
16
16
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
1. Specific Goal Setting
2. Self-Efficacy
3. Need for Achievement
4. Ambition
5. Willingness to Learn
6. Adaptability and Flexibility
7. Willingness to Take Risk
8. Interpersonal Skills
The Business Goals
17
17
Tip
18
Always think of a goal that is
measurable. By establishing
measurable goals, you'll be able
to track your progress and
acknowledge right away once
your efforts are going off target.
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Example: Writing Goals and Objectives
19
19
Situationer:
You want to establish a web-conferencing
service for educational purposes. You can
have the following goals and objectives (in
terms of launching the service):
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Example: Writing Goals and Objectives
20
20
● Placing print and airing radio ads to gain
awareness.
● Attract first-time customers by offering a
discount on their first visit.
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Example: Writing Goals and Objectives
21
21
● Cultivate prospects by implementing a
permission-based weekly email to 2,500
targeted contacts.
● Convert 10 percent of prospects to clients,
using email reminders.
22
Why is it important that your
executive summary is written
perfectly?
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
The executive summary summarizes the
necessary details of the business plan
for its readers.
It is timesaving for readers, for they are
able to get the gist of the business plan.
The Executive Summary
23
23
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
For startup business
● The business opportunity
● Taking advantage of the opportunity
● The target market
● Business model
Contents of the Executive Summary
24
24
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
● Marketing and sales strategy
● The competition
● Financial analysis
● Owners/Staff
● Implementation plan
Contents of the Executive Summary
25
25
Remember
26
In writing your executive
summary, you already need to
capture the audience's attention
immediately so that they are
motivated to read the remainder
of the document.
Tip
27
You need to end your business
plan’s executive summary with a
strong and clinching closing
sentence that will justify why your
proposed business is a winning
one.
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Example: Executive Summary of a Bakery
28
28
Johanne’s Bakery (JB) is a starting coffee
and cake shop located in San Pedro City,
Laguna. JB is expected to catch the
interest of its loyal and regular customers
with a variety of coffee, pastry, and cake
products.
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Example: Executive Summary of a Bakery
29
29
The company plans to have a strong
market established in the town because
of its mild competitive climate and our
partner’s experience in the area.
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Example: Executive Summary of a Bakery
30
30
JB aims to offer its bread and pastry
products at a competitive price to meet
the needs and demands of the lower- to
middle-income local market area
residents and tourists.
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Example: Executive Summary of a Bakery
31
31
Because of its variety of product offerings,
Johanne’s Bakery will be the no. 1 coffee
and bakeshop in the city.
32
What are the things that you need
to keep in mind when writing
your executive summary?
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
On Writing an Executive Summary
33
33
1. Focus on providing a summary.
2. Keep your language sturdy and positive.
3. Keep it short.
4. Polish your executive summary.
5. Put yourself in your readers’ place.
34
Who are considered to be the
business proponents in a certain
business?
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Types of Stakeholders
35
35
Resource Mobilizers
Technology Providers and Applicator
Government and Top Management
Operations and Support Team
Remember
36
Each of the proponents has
something to contribute, and they
can be divided based on their
capabilities, skills, and interests.
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Activity
If you are going to have a business, what
would it be?
Make an organizational chart illustrating the
key stakeholders of your business.
37
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Questions
Part A.
1. Why is it important to make the business goals
measurable and attainable?
2. What do you think will happen if the executive
summary is vague or has incomplete details?
3. Why should the business partners be well-meaning
and like-minded?
38
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Questions
4. Why should the executive summary be written with
positive and sturdy language?
5. Why should you put yourself in the place of the
reader of your executive summary?
39
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Questions
Part B.
If your group will establish a business whose
mission and vision statements are given below,
what will be your goals in the future to make your
business succeed?
Write five goals or objectives that a business should
attain.
40
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
ENGAGE EXPLORE EXPLAIN EXTEND
EVALUAT
Questions
41
Name of Business: Double Happiness
Vision Statement To establish a commanding presence and
market leadership as a food chain servicing
major bus terminals in Metro Manila within
the next five years.
Mission Statement To provide quality food and passenger
convenience services that would help
improve the growth of the company and
the lives of its employees.
Wrap Up
42
A business plan introduction serves as the
“birds-eye view” of your plan.
A business concept emphasizes the value of
the product to be offered to the target
customers who would most likely buy it.
Wrap Up
43
A business model is a formula on how the
business plans to make money out of business.
The business goals show the long-term and
prospects of the enterprise.
Wrap Up
44
The executive summary provides the key points
of a document for its readers, saving them time
and getting them ready for the entire content.
The business proponents contain information
about the stakeholders of your business.
Wrap Up
45
Bibliography
“An Introduction to Business Plans.” Entrepreneur. Accessed March 20, 2010.
https://www.entrepreneur.com/article/38290.
Berry, Tim, and Noah Parsons. “Palo Alto Software.” Bplans. Accessed March 3,
2020. https://articles.bplans.com/writing-an-executive-summary/.
Dollingner, Marc. Entrepreneurship: Strategies and Resources 3rd Edition. New
Jersey: Prentice Hall, 2003.
Peterson, Steven D. “Set Goals and Objectives in Your Business Plan.”
Dummies.
Accessed March 20, 2020. https://www.dummies.com/business/start-a-
business/business-plans/set-goals-and-objectives-in-your-business-plan/.
Ward, Susan. “Business Plan Tips: How to Write a Winning Executive
Summary.”
The Balance Small Business. Accessed March 20, 2020.
https://www.thebalancesmb.com/executive-summary-of-the-business-
plan-2948012.
46

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ENT_PS_Unit2_Lesson2_Final.pptx

  • 1. Entrepreneurship Senior High School Applied - Academic Unit 2: The Business Plan Lesson 2 The Business Plan Contents (I): Introduction, Executive Summary, and Proponents
  • 2. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT How can a business be established? What should an entrepreneur do to choose the best product or service for his or her customers? 2
  • 3. Learning Objective ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT At the end of the lesson, you should be able to do the following: Discuss the different parts of a business plan. 3 3
  • 4. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT How did you introduce yourself to your partner? What did you notice about how your partner introduced himself or herself to you? 4
  • 5. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Why is it important to have an introduction to every product or service that we have? 5
  • 6. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Business Plan Introduction The business plan introduction serves as the “birds-eye view” of your plan. 6
  • 7. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Business Plan Introduction It is written at a high level while not going into details. 7
  • 8. 8 What is the difference between the business concept and business model?
  • 9. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT The Business Concept A business concept should have the essence of the business in a short but powerful manner. 9
  • 10. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT The Business Model 10 A business model is a formula on how the business plans to make money out of business.
  • 11. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT 1. Raising revenue 2. The cost of the enterprise products and other costs of doing business 3. Major investments of the enterprise 4. Financing the investment Four Areas of Business Modelling 11
  • 12. 12 Why should you have measurable goals and objectives in your business plan?
  • 13. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT The business goals show the long-term and future prospects of the enterprise. It is composed of the vision, mission, objectives, key results area, and performance indicators. The Business Goals 13 13
  • 14. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Goals tell you wherever you want to go; objectives tell you precisely the way to get there. The Business Goals 14 14
  • 15. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Goals will increase your effectiveness; objectives back your goals, and cause you to be more economical. The Business Goals 15 15
  • 16. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Goals are usually represented in words; objectives usually go together with numbers and specific dates. The Business Goals 16 16
  • 17. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT 1. Specific Goal Setting 2. Self-Efficacy 3. Need for Achievement 4. Ambition 5. Willingness to Learn 6. Adaptability and Flexibility 7. Willingness to Take Risk 8. Interpersonal Skills The Business Goals 17 17
  • 18. Tip 18 Always think of a goal that is measurable. By establishing measurable goals, you'll be able to track your progress and acknowledge right away once your efforts are going off target.
  • 19. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Example: Writing Goals and Objectives 19 19 Situationer: You want to establish a web-conferencing service for educational purposes. You can have the following goals and objectives (in terms of launching the service):
  • 20. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Example: Writing Goals and Objectives 20 20 ● Placing print and airing radio ads to gain awareness. ● Attract first-time customers by offering a discount on their first visit.
  • 21. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Example: Writing Goals and Objectives 21 21 ● Cultivate prospects by implementing a permission-based weekly email to 2,500 targeted contacts. ● Convert 10 percent of prospects to clients, using email reminders.
  • 22. 22 Why is it important that your executive summary is written perfectly?
  • 23. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT The executive summary summarizes the necessary details of the business plan for its readers. It is timesaving for readers, for they are able to get the gist of the business plan. The Executive Summary 23 23
  • 24. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT For startup business ● The business opportunity ● Taking advantage of the opportunity ● The target market ● Business model Contents of the Executive Summary 24 24
  • 25. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT ● Marketing and sales strategy ● The competition ● Financial analysis ● Owners/Staff ● Implementation plan Contents of the Executive Summary 25 25
  • 26. Remember 26 In writing your executive summary, you already need to capture the audience's attention immediately so that they are motivated to read the remainder of the document.
  • 27. Tip 27 You need to end your business plan’s executive summary with a strong and clinching closing sentence that will justify why your proposed business is a winning one.
  • 28. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Example: Executive Summary of a Bakery 28 28 Johanne’s Bakery (JB) is a starting coffee and cake shop located in San Pedro City, Laguna. JB is expected to catch the interest of its loyal and regular customers with a variety of coffee, pastry, and cake products.
  • 29. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Example: Executive Summary of a Bakery 29 29 The company plans to have a strong market established in the town because of its mild competitive climate and our partner’s experience in the area.
  • 30. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Example: Executive Summary of a Bakery 30 30 JB aims to offer its bread and pastry products at a competitive price to meet the needs and demands of the lower- to middle-income local market area residents and tourists.
  • 31. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Example: Executive Summary of a Bakery 31 31 Because of its variety of product offerings, Johanne’s Bakery will be the no. 1 coffee and bakeshop in the city.
  • 32. 32 What are the things that you need to keep in mind when writing your executive summary?
  • 33. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT On Writing an Executive Summary 33 33 1. Focus on providing a summary. 2. Keep your language sturdy and positive. 3. Keep it short. 4. Polish your executive summary. 5. Put yourself in your readers’ place.
  • 34. 34 Who are considered to be the business proponents in a certain business?
  • 35. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Types of Stakeholders 35 35 Resource Mobilizers Technology Providers and Applicator Government and Top Management Operations and Support Team
  • 36. Remember 36 Each of the proponents has something to contribute, and they can be divided based on their capabilities, skills, and interests.
  • 37. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Activity If you are going to have a business, what would it be? Make an organizational chart illustrating the key stakeholders of your business. 37
  • 38. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Questions Part A. 1. Why is it important to make the business goals measurable and attainable? 2. What do you think will happen if the executive summary is vague or has incomplete details? 3. Why should the business partners be well-meaning and like-minded? 38
  • 39. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Questions 4. Why should the executive summary be written with positive and sturdy language? 5. Why should you put yourself in the place of the reader of your executive summary? 39
  • 40. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Questions Part B. If your group will establish a business whose mission and vision statements are given below, what will be your goals in the future to make your business succeed? Write five goals or objectives that a business should attain. 40
  • 41. ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Questions 41 Name of Business: Double Happiness Vision Statement To establish a commanding presence and market leadership as a food chain servicing major bus terminals in Metro Manila within the next five years. Mission Statement To provide quality food and passenger convenience services that would help improve the growth of the company and the lives of its employees.
  • 42. Wrap Up 42 A business plan introduction serves as the “birds-eye view” of your plan. A business concept emphasizes the value of the product to be offered to the target customers who would most likely buy it.
  • 43. Wrap Up 43 A business model is a formula on how the business plans to make money out of business. The business goals show the long-term and prospects of the enterprise.
  • 44. Wrap Up 44 The executive summary provides the key points of a document for its readers, saving them time and getting them ready for the entire content. The business proponents contain information about the stakeholders of your business.
  • 46. Bibliography “An Introduction to Business Plans.” Entrepreneur. Accessed March 20, 2010. https://www.entrepreneur.com/article/38290. Berry, Tim, and Noah Parsons. “Palo Alto Software.” Bplans. Accessed March 3, 2020. https://articles.bplans.com/writing-an-executive-summary/. Dollingner, Marc. Entrepreneurship: Strategies and Resources 3rd Edition. New Jersey: Prentice Hall, 2003. Peterson, Steven D. “Set Goals and Objectives in Your Business Plan.” Dummies. Accessed March 20, 2020. https://www.dummies.com/business/start-a- business/business-plans/set-goals-and-objectives-in-your-business-plan/. Ward, Susan. “Business Plan Tips: How to Write a Winning Executive Summary.” The Balance Small Business. Accessed March 20, 2020. https://www.thebalancesmb.com/executive-summary-of-the-business- plan-2948012. 46

Editor's Notes

  1. GENERAL PARTS of this presentation: Engage- this is meant to capture the students’ attention, link their prior knowledge to the new topic, and set their expectations about the lesson. Explore- this is meant to elicit discussion, and encourage students to explore and derive ideas from questions, scenarios, activities, or discussion. Explain- this is meant for the teacher to use to synthesize students’ ideas from EXPLORE, and to emphasize on the key understandings needed for this lesson. Extend- this is an optional activity meant for guided practice. Evaluate- this is a quick check of students’ understanding of the lesson. Wrap Up- this is a reiteration of the key concepts of the lesson.
  2. Note to teacher: You may ask the class to do this to check prior knowledge and ideas of students about business plan introduction. You may show this slide and the next before discussing the questions.
  3. Note to teacher: You may ask the class to do this to check prior knowledge and ideas of students about business plan introduction.
  4. Note to teacher: You may ask the class to do this activity, individually, by pair, or by group. Afterwards, you may call some students to share to the class their answers. You may process the answers given by each students so that the class can have a common understanding of the topic.
  5. Model Answer: It is important to make your business goals measurable because to gauge the progress of the business and recognize immediately when the efforts are going off track. The whole business plan might be set aside by the reader or investors as the executive summary should already contain the important and essential information about your business. Business partners should be well-meaning and like-minded because they provide the capital to entrepreneurs. They should see the good business prospects and favorable character assessment of the entrepreneur.
  6. Model Answer: The executive summary should be written with positive and sturdy language so that the investor would be engaged to read the whole business plan and it has a motivation to succeed. One should put himself in the place of the reader of the executive summary to check if the business plan will generate interest or excitement to the reader.
  7. Model Answer: To establish a strong market presence in Metro Manila To earn good financial returns to its owners To delight customers with high-quality food and services To make Double Happiness a happy and rewarding place to work in To provide convenience within our customer
  8. Model Answer: To establish a strong market presence in Metro Manila To earn good financial returns to its owners To delight customers with high-quality food and services To make Double Happiness a happy and rewarding place to work in To provide convenience within our customer