lesson 3

Question 1

this is a written document describing a companys core business activities, objectives and how it plans to achieve its goals

Answer 1

business plan

Question 2

an outline structured to that each section answers a specific set of questions about your business

Answer 2

business plan outline

Question 3

chapters outline

Answer 3

1. executive summary
2. company overview
3. product overview
4. market analysis
5. strategies
6. operations
7. appendicies

Question 4

most important section

Answer 4

executive summary

Question 5

six things that you must cover

Answer 5

1. who you are
2. what you sell
3. who sre your market
4. how big is your market
5. how big and profitable it can get
6. how much you need

Question 6

chapter 1 (executive summary)

outline:

Answer 6

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)

Question 7

chapter 2: company overview

Answer 7

the objective of this section is to introduce the company and its management

Question 8

forms of business organizations

Answer 8

1. sole proprietorship- one owner (husband & wife)
2. partnership- two or more owner (law firm professional service industries) as long as hindi na reregister as corporators walang hangganan ang 2 or more.
3. Corporations-
   * incorporators - 5-15 original share holders
   *shareholders- lahat ng additional investors unlimited

Question 9

company overview: chapter 2

outline:

Answer 9

*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

2. 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)

Question 10

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

Answer 10

a. sole proprietorship

Question 11

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

Answer 11

b. partnership

Question 12

• 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)

Answer 12

corporation

Question 13

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

Answer 13

2. functional type- a structure where duties or tasks are divided into different departments based on their functions

Question 14

• one owner known as proprietor

Answer 14

sole proprietorship

Question 15

easy to organize

Answer 15

sole proprietorship

Question 16

needs a minimal amount of capital

Answer 16

sole proprietorship

Question 17

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

Question 18

two or more (unlimited) owners -pwede sumobra (3 or hundreds)

Answer 18

partnership

Question 19

owners are called partners

Answer 19

partnership

Question 20

partners may contribute money, property or industry in a business venture

Answer 20

partnership

Question 21

easy to organize and dissolve

Answer 21

partnership

Question 22

5-15 incorporators (original shareholders)- _____ shareholders

Answer 22

corporators

original shareholders

Question 23

_____ - hindi pa incorporators

Answer 23

shareholders

Question 24

____________ (owners of shares and stocks)

Answer 24

unlimited shareholders

Question 25

difficult to organize (ksi need isubmit ang articles of corporations sa SEC or (Security and Exchange Commission)

Answer 25

corporations

Question 26

SEC is _______

Answer 26

Security and Exchange Commission

Question 27

unlimited life (registered in 50 years renewable to another 50)

Answer 27

corporations

Question 28

Structural and ownership a system outlining the goals of the business in terms of activities etc.

Answer 28

organizational structure

Question 29

types of structure 1.________- a system where there is a direct line of communication from top to bottom of an organization

Answer 29

line type

Question 30

types of structure sa taas si manager divided into 3 1. cashier 2. salesperson- gitna naka tapat kay manager 3. crew

Answer 30

line type

Question 31

types of structure - a structure where duties or tasks are divided into different departments based on their functions

Answer 31

functional type

Question 32

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

Answer 32

functional type

Question 33

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.

Question 34

articles of corporations- ___

Answer 34

SEC (Security and Exchange Commission)

Question 35

2 parts of this section *structure and ownership *location

Answer 35

chapter 2: company overview

Question 36

ano laman ng business overview

Answer 36

- who you are (company name) - what the business is all about/offers - what you sell (brand name) - goods (bearbrand) - services

Question 37

ano laman ng market overview

Answer 37

- who your market are (target customers) - how big is your market (population of the customers)

Question 38

ano laman ng financial highlights

Answer 38

- profit - capital (how much you need)

Question 39

no. of shares per value per share amount of total corporations

Question 40

This section is a summary of the rest of the plan so this is the part you will write last.

Answer 40

EXECUTIVE SUMMARY

Question 41

This section is a summary of the rest of the plan so this is the part you will write last.

Answer 41

EXECUTIVE SUMMARY

Question 42

only if they find this section attractive enough that potential investors will dive into the other sections of your plan to get more details.

Answer 42

. EXECUTIVE SUMMARY

Question 43

Do not try to tell everything about your business. Keep it short and to the point.

Answer 43

EXECUTIVE SUMMARY

Question 44

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.

Answer 44

Structure and Ownership

Question 45

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.

Answer 45

location