W1

• ORGANIZATIONAL PLAN

  Provides a detailed description of the business in terms of the following:

  1. Form of the business organization
  2. Liability of the owner or owners
  3. Organizational structure
  4. Roles and responsibilities
  5. Salary requirements
• Capital Requirement

  The total amount of funds that the firm will need for the business to achieve its goal of raising profit.
• Liability of the owner/s

  Personally liable for any and all debts, liabilities, or losses incurred by the business.
• Management and supervisory skill

  Communicate well with diverse groups in and out of the organization. Utilize problem-solving skills, creativity, and critical thinking. Demonstrate qualities like empathy, support, and concern.
• Nature of the business

  Describes the type of business it is and what its overall goals are.
• External financing requirement

  Money that comes from outside a business. There are several external methods a business can use, including family and friends, bank loans and overdrafts, venture capitalists and business angels, new partners, share issue, trade credit, leasing, hire purchase, and government grants.
• Collateral

  Something provided to a lender as a guarantee of repayment.
• Limited liability

  There still remains unsettled financial obligations of the business, the creditor cannot go after the personal property of the business owner.
• Unlimited liability

  The creditors can run after the personal property of the owner in the event that the business fails to fully settle its financial obligation.
• Organizational chart

  It shows and defines the hierarchy of the different positions in the organization and the interrelationships of the different offices and departments.
• Roles and Responsibilities

  The roles and responsibilities in various positions in the business organization must be clearly defined in order to minimize and avoid misunderstanding and overlapping of functions.
• PRODUCTION PLAN

  It presents or describes activities related to the production of goods.
• Production Process

  The different processes or stages involved in the production of goods must be clearly spelled out

  INPUT-PROCESS-OUTPUT
• Processing Equipment

  It describes the machinery and equipment, and the various tools to be used in the production of goods including respective estimated costs.
• OPERATION PLAN

  It is a major section of the business plan that outlines the various activities, from the acquisition of raw materials to the delivery of the products to the target consumers.