“SIMPLE BUSINESS PLAN”
Directions: Think of a simple business you want to engage in.
Fill in the following questions below based on your business idea:
A. NATURE OF THE BUSINESS
1. NAME OF BUSINESS:
Prepared by:
Date:
2. MY BUSINESS IDEA IS:
(Describe the Purpose of Your Business in one or two sentence)
3. I CHOSE THIS BUSINESS IDEA BECAUSE:
4. UNIQUE QUALITIES OF WHAT I AM PRODUCING AND/OR SELLING
5.WHO IS MY PRIMARY TARGET AUDIENCE?
6. WHERE WILL MY BUSINESS BE LOCATED?
B. PERSONNEL FOR BUSINESS
1. The skills needed to make this idea work are:
2. Which of these skills and experiences do you have?
My skills and experience:
3. Who will offer any additional skills which you do not have?
C. LOOKING AT MY COMPETITION
1. My major competitors are: (Who, in your general area, does what you will be
doing?)
a. I plan to beat the competition by:
Better price? Circle YES or No (Explain)
b. Better quality? Circle YES or No (explain)
c. Providing door-to-door service? Circle YES or NO (explain)
d. Using my age and personality as a competitive edge? Circle YES or No (explain)
e. Serving area that my competitors don’t go into? Circle YES or No (explain)
f. Using exciting promotions? Circle YES or No (explain)
g. My secret weapon? (explain)
D. MARKETING YOUR PRODUCT
1. Who is your “TARGET” audience? (Who and where are your potential customers?
What age are they? ______________________________________________________________
What sex are they? ______________________________________________________________
How much money do they have?
Are they wealthy or poor? ________________________________________________________
Where do they live? ______________________________________________________________
What are their interests? _________________________________________________________
What will attract them to your product: Price? Quality? Service? Selection? You?
2. What sales tools will you use?
I have reviewed the various tools and have decided that for my business, the best
sales tools are:
( ) Phone calls (Telemarketing) ( ) Flyers
( ) Personal Contact (face to face sales calls) ( )Radio Ads
( )Newspaper ads ( )Brochures
( )Posters ( )Publicity
( )Directmail
Reason(s) for selecting these tools
I will use the following sales promotions to help sell my product or service:
( )Free Gifts ( )Buy-one-get-one-free specials
( )Discount coupons ( )free samples
( )Special sales ( )other
Reason(s) for selecting these tools
Directions: Think of a simple business you want to engage in.
Fill in the following questions below based on your business idea:
A. NATURE OF THE BUSINESS
1. NAME OF BUSINESS:
Prepared by:
Date:
2. MY BUSINESS IDEA IS:
(Describe the Purpose of Your Business in one or two sentence)
3. I CHOSE THIS BUSINESS IDEA BECAUSE:
4. UNIQUE QUALITIES OF WHAT I AM PRODUCING AND/OR SELLING
5.WHO IS MY PRIMARY TARGET AUDIENCE?
6. WHERE WILL MY BUSINESS BE LOCATED?
B. PERSONNEL FOR BUSINESS
1. The skills needed to make this idea work are:
2. Which of these skills and experiences do you have?
My skills and experience:
3. Who will offer any additional skills which you do not have?
C. LOOKING AT MY COMPETITION
1. My major competitors are: (Who, in your general area, does what you will be
doing?)
a. I plan to beat the competition by:
Better price? Circle YES or No (Explain)
b. Better quality? Circle YES or No (explain)
c. Providing door-to-door service? Circle YES or NO (explain)
d. Using my age and personality as a competitive edge? Circle YES or No (explain)
e. Serving area that my competitors don’t go into? Circle YES or No (explain)
f. Using exciting promotions? Circle YES or No (explain)
g. My secret weapon? (explain)
D. MARKETING YOUR PRODUCT
1. Who is your “TARGET” audience? (Who and where are your potential customers?
What age are they? ______________________________________________________________
What sex are they? ______________________________________________________________
How much money do they have?
Are they wealthy or poor? ________________________________________________________
Where do they live? ______________________________________________________________
What are their interests? _________________________________________________________
What will attract them to your product: Price? Quality? Service? Selection? You?
2. What sales tools will you use?
I have reviewed the various tools and have decided that for my business, the best
sales tools are:
( ) Phone calls (Telemarketing) ( ) Flyers
( ) Personal Contact (face to face sales calls) ( )Radio Ads
( )Newspaper ads ( )Brochures
( )Posters ( )Publicity
( )Directmail
Reason(s) for selecting these tools
I will use the following sales promotions to help sell my product or service:
( )Free Gifts ( )Buy-one-get-one-free specials
( )Discount coupons ( )free samples
( )Special sales ( )other
Reason(s) for selecting these tools
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Answers & Comments
2. The purpose for this is for people to purchase what they need and want could be trend or just the sake to have something to ware.
3. I chose this business idea because People needs it we use it everyday.
4. New, Trendy and important.
5. Everyone, Millennials, Gen Z, Gen Alpha.
6. Online or City
B.
1. Best service, time management, Great communication skills, Great Listener, Marketing, Financial management.
2. Time management I can manage my time well. Great communication skills and Listener, I can communicate and listen to my customers suggestions and reviews.
3. Marketing, My employees.
C.
1. famous designer and clothing brand.
a. Yes, Great quality of the clothes and affordable prices.
B. Yes, It’s important because that’s the customer’s priority on buying items
C. Yes, absolutely this pandemic a lot of people can’t go out so we provide that.
D. Yes, I can I have the skills.
E.
F. Yes, it’s important part of marketing
G.
D.
1. Any age mostly teenagers, kids and adults.
2. All.
3. 150 +
3. Both, they need it.
4. Philipines.
5. Fashion.
Service, quality, and its product.
2.
Buy one get one free specials and discount coupons, it attracts the customers and another way of marketing.
( hope it helps po just answer the blanks po/ the questions I haven’t answered)