Enterprise unit 7

• Arab
• Middelbare school
• havo
• Leerjaar 4

GoodDay,

Unit 7:

Business planning

Created by: Giel, Brennon, Robin

In your own words, describe what a business plan means

Business plan

A document that summarizes the main objectives of an enterprise and how these objectives are to be achieved

Why is a business plan important?

clear idea

how to operate

minimise risks

organise

What should a business plan include?

The enterprise

The product

Market

Personnel

Production

Equipment

Finance

What objective is NOT a business objective

1. Profit
2. Quality
3. Survival
4. Growth

Business objectives

Profit

Growth

Survival

Sales revenue

Satisficing

Environmental

Ethical

A business plan is only important when starting up your company

1. True
2. False

Why you should update it.

incorporate changes, handel better

economic circumstances (product an demand)

growth in market (competition)

out of date/irrelevant

Difference between a business and action plan

Business plan:

summarises the main objectives

How to achieve

Action plan:
monitoring progress

Outlines the steps

What keyword describes this picture best?

1. Survival
2. Growth
3. Profit
4. Cash flow

What's the difference between a short term and a long term period?

Why might laws be useful for a company?

Keyword round

What's the definition of "profit"

1. "The financial gain an enterprise makes when its sales revenue is higher than its total costs"
2. "A sum of money that is owed by a person or organization"
3. "All incomings received from different sources over a specific period of time"
4. "Keeping income instead of spending it"

What's the entrepreneurial definition of "Growth"

1. "The sales revenue of an enterprise less the cost of sales"
2. "the process of increasing in height"
3. "The increase in income after substracting the rate of inflation"
4. "The increase in size of an enterprise through internal and/or external expansion"

Describe the term "Copyright" in your own words

Which definition describes "Patent" the best?

1. "An item that is essential for survival"
2. "Where responsibility is passed down to others in an enterprise"
3. "Being able to accept/tolerate delays, problems, or suffering without getting annoyed/anxious"
4. "A grand of ownership rights to a person or an enterprise in relation to the invention of a new product or manufacturing process"

What's more important?

Growing your enterprise

Making profit

Satisficing consumers

What are the 7 business objectives?

Define the term "Business plan"

(:<

That's about it.

You're the CEO of a chocolate factory. Create a small business plan including all 7 points

Extra

1. Enterprise (name, type)

2. Product (goods, services)

3. The market (any competition?)

4. Personnel (staff and skills needed)

5. Production (cost and method)

6. Equipment (where/what is needed)

7. EXTRA: Finance (profit, money borrowed?)

Thats about it 2