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Exercise 3.1 Answer

The document provides steps and guiding questions for developing a business plan and venture idea for a senior high school student given the current pandemic employment situation. The student proposes starting an online clothing business with a cousin by posting items for sale online and building the business gradually with an initial capital of 200 pesos, and a longer term goal of 10k pesos. They plan to use a simple vision statement to guide strategic planning for the business.

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46 views2 pages

Exercise 3.1 Answer

The document provides steps and guiding questions for developing a business plan and venture idea for a senior high school student given the current pandemic employment situation. The student proposes starting an online clothing business with a cousin by posting items for sale online and building the business gradually with an initial capital of 200 pesos, and a longer term goal of 10k pesos. They plan to use a simple vision statement to guide strategic planning for the business.

Uploaded by

yanrianne jade
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Exercises 3.

1:

Directions: Critically analyze the situation given below, then on a separate paper, write
your answer for the following questions. Write at least five (5) sentences for each item.

Since we are experiencing the pandemic, employment is not a favorable choice for senior high
school graduates. Entrepreneurship is one of the four exits of senior high school. With the
entrepreneurial process given above, think of a possible business venture you can start up within
your locality.

Steps in Entrepreneurial Guide Questions Write here your answer!


Process
Step 1: Opportunity spotting What business you want to
and assessment venture in or to start up within
your locality? Why? What Clothing, because I love clothes
opportunities do you see/find and I saw something on fb that
here in this business? inspired me to pursue my plan. I
see myself that if I work hard,
someday it will be successful.

Step 2: Developing a business How do you intend to start your


plan business? how your business is
going to work, and how you’re In the business I was going to
going to make it succeed? build, I was with my cousin. We
will run the business by posting
it online, we will have a page for
it. Whether there are many or
few buyers, we will continue to
do so, because all successful
businesses start with small.

Step 3: Determining the How much will you need for the
capital needed capital? How did you come up
with that amount and what are We are planning to put 10k
the factors in determining the pesos for the capital. But we
capital? want to try first if anyone will
buy before we invest 10k pesos.
For now we will try to make
money in the amount of 200
pesos. We just thought we
needed 10k pesos.
Step 4: Running the business How do you plan to run your
business?
What strategic plan are you I will make a vision statement, a
going to use for your business? simple statement that defines
where i want my business to be
in the future and make it as my
guide.

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