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• Career Opportunities for Entrepreneurship

  • Business Consultant
  • Sales Manager
  • Research and Development Director
  • Fundraiser
  • Teacher
  • Talent Recruiter
  • Business Reporter
• Business Consultant


  People who can go to a client site, identify problems and fix them
• Sales Manager


  Someone who knows how to represent a company, manage accounts and follow up on leads
• Research and Development Director

  Someone who understands business concepts, systems, procedures and practices
• Fundraiser


  Someone who raises money for a specific purpose and meant not to make profit but instead for maintaining the organization or toward the purpose for which it was created. Understands the importance of business and networking relationships
• Teacher


  Someone to inspire students how to increase their entrepreneurial intention through acquiring the attitude towards Entrepreneurship
• Talent Recruiter


  Someone whose job is in sourcing, attracting, recruiting, interviewing, and on-boarding employees to an organization. Someone who is people savvy and has an in-depth business sense as well
• Business Reporter


  Someone who can write articles is in a prime position to take the lead on covering a local business beat
• Business Plan


  A detailed and integrated written document that describes the various activities involved in opening and operating a new entrepreneurial venture
• Why do we need to write a Business Plan?

  • To test the feasibility of your business idea
  • To give your new business the best chance of success
  • To secure funding
  • To make business planning more effective
  • To attract investors
• Three Factors of a Business Plan

  • It's realistic
  • It's specific
  • It's followed through
• Realistic Business Plan


  With a practical business plan, you'll be able to spot potential weaknesses and opportunities and make informed selections before you commit yourself financially or legally to your business idea. Your investors need to understand potential risks, thus it pays to be direct and honest from the beginning. Avoid setting unachievable goals - instead, make a realistic one
• Specific Business Plan


  Every business plan ought to embody tasks, deadlines, forecasts, budgets, and an idea to measure goal performance. This strategic agenda is going to be the roadmap for your company's future. It projects your company's monetary come back and anticipates future resource requirements - details that are particularly useful once you attempt to secure funding
• Followed Through Business Plan


  The best-arranged plans amount to nothing if they're not followed. However, this doesn't mean that your business plan ought to be inflexible. Coming up with isn't regarding setting a technique in place once that has to be followed to the letter for the remainder of the year - planning means that anticipating what's to come and plotting the most effective course of action in response, reviewing the plan often, and editing it as necessary to learn the business the foremost
• Feasibility Study


  The primary objective of the feasibility study is to determine whether the proposed business is feasible or not in all areas. If the outcome of the feasibility study is positive, then the entrepreneur prepares the business plan
• Purpose of a Business Plan

  • To test feasibility of your business idea
  • To give your new business the best chance of success
  • To secure funding
  • To make business planning more effective
  • To attract investors
• Identifying Customer Needs


  1. Gather Data

  2. Interpreting Data

  3. Organizing Data

  4. Reflect the Process
• Parts of a Business Plan: Introduction

  • Proposed Name of the Business
  • Address of the Business
  • Name of the Owner or Owners
  • Description of the Business
  • Location of the Business
  • Funding Requirement and Source
• Proposed Name of the Business

  The proposed business name must: Reflect the business identify and image, Promote the philosophical values and culture that the business values the most, Profess the brand identity of the product, and Attract or influence the target customers
• Address of the Business

  It is important because all business correspondence is mailed to the business address. Raw materials and other manufacturing supplies are also shipped by the seller to the designated business address
• Name of the Owner or Owners

  Name of the owner must be properly stated. For sole proprietorship there is only one owner. In case the venture is a partnership, the names of the partners, including the extent of their liabilities, must be indicated. For business ventures that will operate as a corporate entity, the names, nationalities, and addresses of the incorporators must be given. Incorporators are persons who originally formed the corporation
• Description of the Business

  Must include information about the type of product or service that the business intends to produce or provide. May include a brief information about the ultimate mission, vision, and objectives of the business. Other products or services that the business plans to produce or provide must also be mentioned in the description of the business
• Location of the Business


  The following factors should be considered when deciding on the location of the proposed business: Proximity to the target customers, Distance from the sources of raw materials, labor, and utilities, Availability and cost of transportation, Peace and order situation, Presence of direct competitors, The geographic and climatic conditions
• Funding Requirement and Source

  The estimated total initial cost of the business venture must be clearly indicated. Should include the projected breakdown or allocation of the total cost (e.g., how much will be for building, fixtures, equipment, supplies), and working capital. This section also presents the source or sources of funds. The initial cost of the investment may be provided solely by the owner or owners or partly by the owner and creditors. The estimated period to settle the funding source provided by the creditors must also be mentioned
• How to Write a Business Plan

  • Write an executive summary
  • Business description
  • Operation plan
  • Organization and management
  • Legal structure of business
  • Products and services
  • Marketing and sales strategy
  • Competitive analysis
  • Unique selling proposition
  • Financial plan
• Business Concept


  A business concept should have the essence of the business in a short but powerful manner
• Four Areas of Business Modelling

  • Raising revenue
  • The cost of the enterprise products and other costs of doing business
  • Major investments of the enterprise
  • Financing the investment
• 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
• Business Model


  A business model is a formula on how the business plans to make money out of business
• Executive Summary


  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
• Contents of the Executive Summary for Startup Business

  • The business opportunity
  • Taking advantage of the opportunity
  • The target market
  • Business model
  • Marketing and sales strategy
  • The competition
  • Financial analysis
  • Owners/Staff
  • Implementation plan
• Target Customers


  A selected and well-defined client segment among the businesses' serviceable market
• How to Define Your Market

  1. Segment the market

  2. Analyze the customer base

  3. Analyze the competitors' customer base
• Value Proposition


  Refers to the worth an organization guarantees to deliver to customers should they prefer to obtain their product. Create a strong differentiation between you and your competitors, Increase the standard of prospective leads, Gain market share in your targeted segments, Improve your operation potency, Increase your revenue, Ensure that everybody in your company communicates a similar message
• Product and/or Services Offering

  Showcase the standard, value, and advantages your business offers. A short explanation of the products or services you are offering, The proposed price of the products or services, Differentiation between your products or services to be offered and your competitors' offering, Information about your marketing styles and strategies, The process on how your customers will process or fulfill their orders, Any legal issues that you need to address like intellectual property and/or trademarks, Any products or services you plan to offer in the future
• Enterprise Strategy


  Set of choices and actions geared toward gaining a sustainable competitive advantage
• Process of Enterprise Delivery System

  1. Input

  2. Throughput

  3. Output

  4. Marketing

  5. Outcome
• Financial Forecast


  Shows the financial projections over a period of one year and five-year program and shall determine the rate of return of investment
• 3 Types of Basic Report/Projections Used in Business Plan

  • Balance sheet
  • Income statement
  • Cash flow statement
• Balance Sheet


  Shows the financial position of the enterprise as of the given period of time. Assets and liabilities