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    Activity 1: Name: Grade & Section: Date of Submission

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    NIGSECO MPC
    The document provides guidance for developing a business plan by listing questions an entrepreneur should consider, such as what business they are in, their target market, competitors, and sales and management strategies. It also asks about start-up costs and getting help. The second part prompts the reader to identify principal components of a business plan and provide brief descriptions, but does not include any responses.

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    Activity 1: Name: Grade & Section: Date of Submission

    Uploaded by

    NIGSECO MPC
    53 views3 pages
    The document provides guidance for developing a business plan by listing questions an entrepreneur should consider, such as what business they are in, their target market, competitors, and sales and management strategies. It also asks about start-up costs and getting help. The second part prompts the reader to identify principal components of a business plan and provide brief descriptions, but does not include any responses.

    Original Title

    Activity 1 for Lesson 1

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    The document provides guidance for developing a business plan by listing questions an entrepreneur should consider, such as what business they are in, their target market, competitors, and sales and management strategies. It also asks about start-up costs and getting help. The second part prompts the reader to identify principal components of a business plan and provide brief descriptions, but does not include any responses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    53 views3 pages

    Activity 1: Name: Grade & Section: Date of Submission

    Uploaded by

    NIGSECO MPC
    The document provides guidance for developing a business plan by listing questions an entrepreneur should consider, such as what business they are in, their target market, competitors, and sales and management strategies. It also asks about start-up costs and getting help. The second part prompts the reader to identify principal components of a business plan and provide brief descriptions, but does not include any responses.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Name:

    Grade & Section:


    Date of Submission:

    Activity 1
    Part A:

    Instruction: A prospective entrepreneur should answer such questions for


    himself. As an owner-manager, he or she has to answer them and draw up his
    or her business plan.

    Answer the following question on how to plan a business, one should consider
    the following questions.

     What business am I in?


    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________

     What goods do I sell?


    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________
     Where is my Market?
    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________

     Who will buy?


    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________
     Who is my competitor?
    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________
     What is my Sale Strategy?
    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________

     What merchandising methods will I use?


    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________

     How much money is needed to operate my business?


    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________

     How will the work be done?


    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________

     What management controls are needed?


    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________

     How can they be carried out?


    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________

     When should the plan be revised?


    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________
     Where can help be obtained?
    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________
    Part B:

    Instructions: What are the Principal Components of the Business Plan? And
    give a brief description.

    Name of the following Principal Brief Description


    Components of the Business Plan

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