Philippine Business Plan

1069 Words5 Pages
1.1.1 Business Plan Business plan is a proper statement of goals, achievable reasoning, and strategies to achieve them. It also includes historical review of organization and last but not the least team work to reach them. The business plan is the basic step for starting a venture. So many businesses fail in initiation because of lack of appropriate plan (enterpenourship, 2010). By proper scrutinizing of the market along with the use of business acumen venture has a better chance of anticipating from every aspect and better insuring its success and the profitability of investment. 1.1.1.1 Elements of Business Plan The most important components that are backbone of any venture to be successful are: • Executive Summary. • Company Description.…show more content…
How will you expand your business if there is need like inception of new branch or new office etc. And also a planning for franchise. We will adopt the two marketing strategies like direct marketing and through social media. 1.1.1.1.7 Financial Position and Projection Here there will be an integrated strategy to put market analysis and company overall goals on single path. To describe how the numbers match up and how they will finally lead to a profit. This section will spot light main point that how far business stands from reaching the breakeven point and when the venture will go profitable. 1.1.2 Business Model A pathway that proves to be successful and helpful in making the venture more and more profitable it may include the expected sources of revenues, identification and focusing on customer and consumer base, products, and different ways of financing. Business models are used shape the business, especially in an business environment, but they are to be used by the decision makers so that the problems are identified and solved on proactive basis. A business model in simple words is “how a business is going to earn from the market” It…show more content…
Reviewing each segment demographics, ordinary challenge and the solution your business will present. Targeting a wide audience is difficult for any business to provide according to their demand so first making a sample or segment than providing them facilities will give you an idea that either you are eligible in providing to wide audience or not. 1.1.2.1.2 Business Processes Before going into further discussion first businessman has to think and analyze that what we are going to offer or what is our core product or service so it will be easy for anyone to adopt a procedure according to that because planning an operations is also an important step for seeking customer’s confidence on product or services. [5] 1.1.2.1.3 Significant Business Sources What does your company need to hold on a daily basis process? Find new customers and reach business goals? Common resource examples possibly will include a website, capital, warehouses, intellectual property and customer lists. 1.1.2.1.4 Value
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