lesson 3 Flashcards
this is a written document describing a companys core business activities, objectives and how it plans to achieve its goals
business plan
an outline structured to that each section answers a specific set of questions about your business
business plan outline
chapters outline
- executive summary
- company overview
- product overview
- market analysis
- strategies
- operations
- appendicies
most important section
executive summary
six things that you must cover
- who you are
- what you sell
- who sre your market
- how big is your market
- how big and profitable it can get
- how much you need
chapter 1 (executive summary)
outline:
business overview
- who you are (company name)
- what the business is all about/offers
- what you sell (brand name)
- goods (bearbrand)
- services
Market Overview
- who your market are (target customers)
- how big is your market
(population of the customers)
Financial Highlights
- profit
- capital (how much you need)
chapter 2: company overview
the objective of this section is to introduce the company and its management
forms of business organizations
- sole proprietorship- one owner (husband & wife)
- partnership- two or more owner (law firm professional service industries) as long as hindi na reregister as corporators walang hangganan ang 2 or more.
- Corporations-
* incorporators - 5-15 original share holders
*shareholders- lahat ng additional investors unlimited
company overview: chapter 2
outline:
*Form of business organizations
a. sole proprietorship
ex: Escalante Bulalohan
- one owner known as proprietor
- easy to organize
needs a minimal amount of capital
b. partnership
ex: Yanto law office
SGV & company
- two or more (unlimited) owners
- owners are called partners
- partners may contribute money, property or industry in a business venture
- easy to organize and dissolve
c. corporation
- 5-15 incorporators (original shareholders)
- unlimited shareholders (owners of shares and stocks)
- difficult to organize
- unlimited life (registered in 50 years renewable to another 50)
Structural and ownership
organizational structure- a system outlining the goals of the business in terms of activities etc.
types of structure
1. line type- a system where there is a direct line of communication from top to bottom of an organization
sa taas si manager
divided into 3
1. cashier
2. salesperson- gitna naka tapat kay manager
3. crew
- functional type- a structure where duties or tasks are divided into different departments based on their functions
sa taas si manager
divided into 3
1. finance- accountant- cashier (patayo tlga to)
2. marketing- salesperson (tapat ulit kay manager)
3. production- prod crew, janitor
so pano malalaman kung superior or subordinate
ex is that, si manager si superior
then production is subordinate
pwede rin nmn production si superior then under that we have prod crew which can be called as subordinate.
articles of corporations- SEC (Security and Exchange Commission)
Form of business organizations
ex: Escalante Bulalohan
- one owner known as proprietor
- easy to organize (kahit nasa bahay lang)
- needs a minimal amount of capital
a. sole proprietorship
ex: Yanto law office
SGV & company
- two or more (unlimited) owners -pwede sumobra (3 or hundreds)
- owners are called partners
- partners may contribute money, property or industry in a business venture
- easy to organize and dissolve
b. partnership
- 5-15 incorporators (original shareholders)- original shareholders
shareholders- hindi pa incorporators - unlimited shareholders (owners of shares and stocks)
- difficult to organize (ksi need isubmit ang articles of corporations sa SEC or (Security and Exchange Commission)
- unlimited life (registered in 50 years renewable to another 50)
corporation
Structural and ownership
organizational structure- a system outlining the goals of the business in terms of activities etc.
types of structure
1. line type- a system where there is a direct line of communication from top to bottom of an organization
- functional type- a structure where duties or tasks are divided into different departments based on their functions
- one owner known as proprietor
sole proprietorship
easy to organize
sole proprietorship
needs a minimal amount of capital
sole proprietorship
sole proprietorship - family own businesses (married couple or husband and wife)
partnership- partners na may kinalaman sa professional services
corporations- focus on money such as stocks
two or more (unlimited) owners -pwede sumobra (3 or hundreds)
partnership
owners are called partners
partnership
partners may contribute money, property or industry in a business venture
partnership
easy to organize and dissolve
partnership
5-15 incorporators (original shareholders)- _____ shareholders
corporators
original shareholders
_____ - hindi pa incorporators
shareholders
____________ (owners of shares and stocks)
unlimited shareholders
difficult to organize (ksi need isubmit ang articles of corporations sa SEC or (Security and Exchange Commission)
corporations
SEC is _______
Security and Exchange Commission
unlimited life (registered in 50 years renewable to another 50)
corporations
Structural and ownership
a system outlining the goals of the business in terms of activities etc.
organizational structure
types of structure
1.________- a system where there is a direct line of communication from top to bottom of an organization
line type
types of structure
sa taas si manager
divided into 3
1. cashier
2. salesperson- gitna naka tapat kay manager
3. crew
line type
types of structure
- a structure where
duties or tasks are divided into different departments based on their functions
functional type
types of structure
sa taas si manager
divided into 3
1. finance- accountant- cashier (patayo tlga to)
2. marketing- salesperson (tapat ulit kay manager)
3. production- prod crew, janitor
functional type
so pano malalaman kung superior or subordinate
ex is that, si manager si superior
then production is subordinate
pwede rin nmn production si superior then under that we have prod crew which can be called as subordinate.
articles of corporations- ___
SEC (Security and Exchange Commission)
2 parts of this section
*structure and ownership
*location
chapter 2: company overview
ano laman ng business overview
- who you are (company name)
- what the business is all about/offers
- what you sell (brand name)
- goods (bearbrand)
- services
ano laman ng market overview
- who your market are (target customers)
- how big is your market
(population of the customers)
ano laman ng financial highlights
- profit
- capital (how much you need)
no. of shares
per value per share
amount of total corporations
This section is a summary of the rest of the plan so this is the part you will write last.
EXECUTIVE SUMMARY
This section is a summary of the rest of the plan so this is the part you will write last.
EXECUTIVE SUMMARY
only if they find this section attractive enough that potential investors will dive into the other sections of your plan to get more details.
. EXECUTIVE SUMMARY
Do not try to tell everything about your business. Keep it short and to the point.
EXECUTIVE SUMMARY
Who are the owners (proponents):
As part of the anti-money laundering regulation, investors have the legal obligation to check the identity of the owners of any business they invest in or lend money to.
List down the proponents, their addresses and the percentage of ownership.
Structure and Ownership
If you are writing a plan for a business for which location is important, provide a description of the business location, a location map (screenshot using google maps) and the advantage (or disadvantage) of the business location.
location
