BUSINESS

IMPLEMENTATION
Whether a business is a start-up or already well
established, business implementation becomes the
responsibility of all the employees. Implementation is the
process of executing a plan or policy so that a concept
becomes a reality. To implement a plan properly,
managers should communicate clear goals and
expectations, and supply employees with the resources
needed to help the company achieve its goal
 YOUR BUSINESS SHOULD
CONTAIN…
1. A VERY CLEAR PURPOSE
-WHETHER IT IS FOR GENERATING PROFITS OR
FEEDING THE FAMILY, MAKING A DIFFERENCE IN
THE INDUSTRY. THE PURPOSE MUST BE
COMPELLING ENOUGH TO MOTIVATE THE
ENTREPRENEUR.
 - THE PERSONAL PURPOSE OF THE
ENTREPRENEUR IS HIS OR HER PERSONAL
MISSION. HOWEVER, IT MAY ALSO WELL BE THE
ENTERPRISE MISSION STATEMENT. AS TIME
PASSES THE ENTREPRISE BEGINS TO HAVE ITS
OWN LIFE AND MAY HAVE A PURPOSE SEPARATE
FROM THE PERSONAL MISSION OF THE
ENTREPRENEUR
THE ENTERPRISE MUST STATE THE MISSION
CLEARLY FOR

1. FOR THE SAKE OF THE CUSTOMERS BEING WOOED

2. THE INVESTORS WHO NEED TO KNOW WHAT THEY ARE GETTING INTO
3. THE FINANCIERS EVALUATING THE ENTERPRISE
4.THE GOVERNMENT FUNCTIONARIES WHO MUST REGULATE THE ACTIVITIES OF
INDUSTRIES AND BUSINESSES
2. A VERY COMPELLING VISION

- THE ENTREPRENEUR MUST STABLISH AN ENTERPRISE ON

THE BASIS OF A VERY EXCITING BUSINESS CONCEPT
LEADING TO GRAND VISION
-MUST OFFER SOMETHING NEW, SOMETHING APPEALING,
SOMETHING DIFFERENT.
- A WINNING BUSINESS CONCEPT THAT MANIFESTS
TREMENDOUS FUTURE POSSIBILITIES
3. NOT BY ANY OTHER NAME

- MUST CHOOSE A VERY FITTING NAME FOR THE ENTERPRISE.

-A GOOD NAME IDENTIFIES THE COMPANY VERY WELL.
- IT COMMUNICATES WHAT THE COMPANY IS ALL ABOUT
AND WHAT ITS PRODUCTS ARE ALL ABOUT.
- MUST THINK LONG AND HARD ABOUT THE NAME BECAUSE
HE HAS TO LIVE WITH IT FOR A VERY LONG TIME
- THE NAME MUST PROJECT ITS VERY DESIRED IMAGE
4. A COMPANY OF ANGELS

- MICROENTERPRISES, IT IS COMMON FOR THE

ENTREPRENEURS TO EMBARK ON A BUSINESS VENTURE
AS A “LONE WOLF” OR “A MOM AND POP AFFAIR”
- FOR SMALL, MEDIUM AND LARGE ENTERPRISES, THE
ENTREPRENEUR NEEDS THE CAPITAL OR EXPERTISE OF
OTHERS. THUS HE NEED A COMPANY OF ANGELS.
- PARTNERS WHO ARE WELL-MEANING AND LIKE-
MINDED
4. A COMPANY OF ANGELS

- ANGEL INVESTORS – PROVIDES CAPITAL TO THE

ENTREPRENEURS. LIKE SENIOR RELATIVES, CLOSE
FRIENDS AND PROFESSIONALS EQUITY INVESTORS
- ANGEL INDUSTRIAL PARTNERS –PEOPLE WHO CAN
CONTRIBUTE THEIR EXPERTISE, EXPERIENCE
TECHNOLOGY, CONTACTS AND GOOD CHARACTER
THAT WILL ENABLE THE ENTERPRISE TO SUCCEED.
5. A VERY GOOD BUSINESS PLAN

THE PURPOSES OF A GOOD BUSINESS PLAN

1. ENTICE PARTNERS, INVESTORS AND BANKERS TO FUND
A BUSINESS VENTURE
2. COMMUNICATE WHAT THE ENTERPRISE IS ALL ABOUT,
WHAT MARKET IT WANTS TO SERVE
3. SHOW THE FINANCIAL RETURNS IT COULD MUSTER.
5. A VERY GOOD BUSINESS PLAN

THE BUSINESS PLAN SHOULD CONTAIN AN IMPORTANT

INFORMATION ABOUT THE FOLLOWING:
1. THE BUSINESS ITSELF
2. THE ORGANIZERS
3. THE MANAGEMENT AND TECHNICAL PEOPLE
4. THE FINANCIAL STRUCTURE
5. A VERY GOOD BUSINESS PLAN

THE BUSINESS PLAN SHOULD CONTAIN AN IMPORTANT

INFORMATION ABOUT THE FOLLOWING:
5. ITS POTENTIAL MARKET
6. ITS TARGET MARKET
7. ITS PROJECTED SALES, EXPENSES AND PROFITS
8. ITS PROBABLE RISKS
THE BP SHOULD CONTAIN AN EXECUTIVE
SUMMARY OF THE FOLLOWING

1. THE ORGANIZERS AND KEY PEOPLE BEHIND THE

BUSINESS AND WHY THESE PEOPLE HAVE THE
RESOURCES, TALENTS, SKILLS AND TECHNOLOGY TO
ACHIEVE SUCCESS
2. THE MARKET BEING TARGETED AND WHY THERE IS
ENOUGH MARKET POTENTIAL TO JUSTIFY THE BUSINESS
3. THE PRODUCTS OR SERVICES TO BE OFFERED AND
WHY THEY ARE THE RIGHT FOR THE MARKET
THE BP SHOULD CONTAIN AN EXECUTIVE
SUMMARY OF THE FOLLOWING

4. HOW THE BUSINESS WILL BE OPERATED AND

ORGANIZED, INCLUDING ALL OUTSOURCING,
SUBCONTRACTING, FRANCHISING AND LICENSING
AGREEMENT
5.THE INVESTMENT CAPITAL REQUIRED FOR THE BUSINESS
AND WHAT EXACTLY IT WOULD BE USED FOR
6. THE TECHNOLOGY, THE TECHNICAL EXPERTISE, THE
EQUIPMENT, AND MATERIALS SUPPLIERS TO BE UTILIZED
THE BP SHOULD CONTAIN AN EXECUTIVE
SUMMARY OF THE FOLLOWING

7. THE CAPITAL STRUCTURE ( SHORT AND LONG DEBT,

STOCKHOLDERS EQUITY) OF THE BUSINESS
8. THE OPERATING BUDGET, FINANCIAL PROJECTIONS (
INCOME STATEMENT, BALANCE SHEET, CASHFLOW) AND
RETURN INVESTMENT PROSPECTS
9. THE RISK IN THE BUSINESS AND THE CONTINGENCY
MEASURES TO COUNTERACT THEM
ORGANIZING AND STRUCTURING THE
ENTERPRISE

THE ASSET ARE COMPOSED OF THE FOLLOWING

1. CURRENT ASSET - SHORT LIVED ASSET. EX. CASH,
INVENTORY, ACCOUNTS RECEIVABLE
2. LONG-LIVED ASSETS. COMPOSED OF PROPERTY PLANT
AND EQUIPMENT
3. OTHER ASSET- COMPOSED OF ORGANIZATIONAL AND
PRE-OPERATING EXPENSES
LIABILITIES…

1. CURRENT LIABILITIES – SUPPLIERS CREDIT AND OTHER

SHORT TERM CREDIT
2. LONG TERM DEBT
3. OWNER’S EQUITY
CAPITAL STRUCTURE – THE WAY THE FINANCIAL
PACKAGE IS THE DESIGN
BUSINESS ORGANIZATION OR STRUCTURE
SOLE PROPRIETORSHIP
- THE OWNER HAS SOLE CONTROL OVER THE BUSINESS
- REAPS ALL THE PROFIT AND LOSSES
- INCUR ALL THE RISKS
- SIMPLEST AND EASIEST ENTERPRISE TO ORGANIZE
- ENTREPRENEUR IS PERSONALLY ANSWERABLE AND
LIABLE
- IT IS MANDATED BY THE LAW TO REGISTER WITH THE
PROPER AUTHORITIES.
ALL BUSINESS IN WHATEVER LEGAL FORM NEED TO
SECURE MAYOR’S PERMIT OR MUNICIPAL LICENSED

- BGY. CLEARANCE
- FIRE SAFETY CLEARANCE
- CERTIFICATE OF ELECTRICAL INSPECTION
- CERTIFICATE OF OCCUPANCY
- DTI
- LEASE CONTRACT
PARTNERSHIP

- TWO OR MORE PERSONS BIND THEMSELVES INTO A

CONTRACT TO CONTRIBUTE MONEY, PROPERTY AND
EXPERTISE IN A COMMON VENTURE WITH THE INTENTION
OF DIVIDING THE PROFITS AMONG THEMSELVES.
- IT IS VESTED WITH ITS OWN LEGAL PERSONALITY QUIET
DISTINCT AND SEPARATE ITS INDIVIDUAL MEMBERS
- IT INCUR ITS OWN LIABILITIES. IT CAN SUE AND IT CAN BE
SUED
PARTNERSHIP

- A MINIMUM OF TWO PERSONS CAN CONSTITUTE A

PARTNERSHIP. HOWEVER THERE IS NO LIMIT IN NUMBER
OF PERSON.
- TWO TYPES OF PARTNERSHIP
- GENERAL PARTNERSHIP – IS COMPOSED OF PARTNERS
WHO HAVE LIABLE INDIVIDUALLY AND COLLECTIVELY