4th ENTREPRENEURSHIP

• Business implementations are the driving force behind all activities striving to accomplish one or more objectives in a business plan
• A strategic plan is essential for a business as it provides a clear direction to follow, ensuring the attainment of goals, providing value to customers, and, ultimately, achieving success.
• Forecasting involves using past and present data and patterns to make predictions or estimates about future events or trends.
• Forecasting plays a crucial role in enabling businesses to identify risks and opportunities and efficiently allocate resources by estimating future demand for their products or services
• Competition. If a competitor is doing well, you may employ tactics, like discounting, to level up your presence.
• Macroeconomics. factors, from regional to global changes, will affect your sales.
• Events that affect the national or global economy can sometimes have a positive impact on some businesses, as we have seen in the recent pandemic, which has caused many businesses to struggle but, at the same time, has massively benefited the producers of hand sanitizer and face masks
• Law. Regulations or legal requirements changes can also impact your sales if your product or business structure is affected
• Season. The time of year can also impact your sales
• Employees. Internal factors also affect your sales forecasts.
• sales forecast estimates the number of goods and services a business believes it can sell over time.
• financial ratio compares two (2) numbers from a company's financial statements to show their relationship.
• Profitability Ratio. It refers to a financial metric used to assess a company's profitability and ability to generate shareholder returns
• The return on investments (ROI) is also called return on equity
• ROI compares income or profit after taxes to total stockholder's equity, specifically average stockholder's equity
• operating income ratio shows the percentage of profit a company can generate from each peso of its investment
• Return on Assets (ROA) is a measure of how well a company has used its assets.
• A.      Financial Health Ratio. It refers to a financial metric that determines the company’s capacity to

  pay its short-term and long-term obligations as they become due
• ·       Stockholder's Ratio. Stockholders' claims are also important as they show the firm's long- term financial stability.
• debt ratio is a way to compare a company's total debt to its assets. It helps creditors and investors understand how much debt a company uses.
• debt-to-equity ratio shows how much of a company's balance sheet is financed by suppliers, lenders, creditors, and obligors compared to what shareholders have invested.
• Liquidity Ratio. It refers to the company’s ability to pay its short-term obligations or liabilities
• Quick ratio measures a company's short-term liquidity and ability to meet obligations with liquid assets.
• current ratio shows a company's ability to pay short-term bills and debts. It compares current assets to current liabilities.
• value chain represents a firm's internal activities when transforming inputs into outputs.
• Value Chain Analysis (VCA) is a process that involves identifying the primary and support activities of a particular organization or industry
• Inbound logistics. It involves raw materials handling and warehousing
• Operations. It involves machining, assembling, and testing.
• Outbound logistics. It involves warehousing and distribution of finished products
• Marketing and sales. It involves advertising, promotion, and pricing channel relations
• Service. It involves installation, repair, and parts
• Firm infrastructure. It involves general management, accounting, finance, and strategic planning
• Human resource management. It involves recruiting, training, and development
• Technology development. It involves research and development and product or process improvement
• Procurement. It involves purchasing raw materials, machines, and supplies
• A people strategy is the organization’s prioritized people plan that enables a business to be successful by attracting, developing, retaining, and inspiring the workforce
• Recruitment is the process of finding and attracting potential resources for filling up vacant positions in an organization.
• Routing – When people are hired, their potential must be assessed regarding their ability to contribute to the organization in various functions and responsibilities several years later.
• Retaining people, or retention, is holding on to people, provided that a company wants to keep them in the first place.
• Resonating – Emphasizes that employees must embrace and internalize the company's goals to achieve these goals efficiently.