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NSTP CWTS Livelihood Program

This document provides guidance on starting and running a small business. It defines small businesses based on asset size and annual revenue. There are 7 stages to starting a business: idea, pre-planning, planning, test & analysis, documentation, pre-operation, and start of operation. The planning stage involves creating a business plan that outlines the business description, marketing, management, technical, and financial plans. The documentation stage requires obtaining various legal documents and licenses. Following these stages and obtaining the necessary documentation and licenses is key to successfully starting and operating a small business.

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Luna EA
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Download as PDF, TXT or read online on Scribd
35 views

NSTP CWTS Livelihood Program

This document provides guidance on starting and running a small business. It defines small businesses based on asset size and annual revenue. There are 7 stages to starting a business: idea, pre-planning, planning, test & analysis, documentation, pre-operation, and start of operation. The planning stage involves creating a business plan that outlines the business description, marketing, management, technical, and financial plans. The documentation stage requires obtaining various legal documents and licenses. Following these stages and obtaining the necessary documentation and licenses is key to successfully starting and operating a small business.

Uploaded by

Luna EA
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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NSTP-CWTS Livelihood Program: How to start and run a small

business?
-Dr. Juliet A. Caramonte, LPT, DBA

What is a Small Business?


-Small business are corporations, partnership or sole proprietorships with have a fewer
employees or less than annual revenue than a regular size business corporation.

R.A. 9501 Section III


-Any business who is a total asset, inclusive of those arising from loans but exclusive of the
land is more than P3,000,000 but no more than P15, 000,000.
Micro Small Business-not more than P3,000,000
Small Businesses- P3,000,000 to P15, 000,000
Medium Scale Businesses-P15M to P100M

7 STAGES IN STARTING BUSINESS


1. IDEA 5. DOCUMENTATION
2. PRE-PLANNING 6. PRE-OPERATION
3. PLANNING 7. START OF OPERATION
4. TEST & ANALYSIS

1. IDEA- ideation or creative process of generating, developing and communicating new


ideas. Elements of a thought that can be either visual, concrete or abstract. Ideation
comprises of all the stages of a cycle from innovation to development and to actualization.
2. PRE-PLANNING- pre-planning that you do in your mind before you write a business plan.
Glimpse or bigger picture in our mind. Planning beforehand will help you made early clarity
about your hope for the company’s future goals and achievement.

• Research your ideas


• Develop a plan
• Secure your finance
• Procure documents
3. PLANNING

• Form your Table of Contents


• Gather real data
• Work on the Gantt Chart
• Start your Business Plan
➢ BUSINESS PLAN- it is a simulation with real data to prepare you for the real
business.
- it will determine the success or failure of your business.
- these are the documents that defines in detailed company’s
objectives and how it plans to achieve our goals. It is also a roadmap for a
company of marketing, financials, and operations.

Business Plan Contains the ff:

1. Business Description-what is your business all about


“Always start 2. Marketing plan- determine who are your market, price points of
with the products or services
Marketing Plan” 3. Management plan- documents that outlines how management team will
direct the resources to achieve their objectives (i.e., used to manage
visions, missions, programs, projects, and initiatives)
4. Technical plan- plan that provides comprehensive list of activies (i.e.,
cost or schedules that are required to achieve, for the completeness of
the requirement of the licenses))
5. Financial Plan- comprehensive picture of your current finances (current
financial status and financial goals) and any strategies you have to set to
achieve those goals.
6. Socio-economic plan- how the business affects the economy,
employment, environment, households, and government.
7. General summary and conclusion

4. TEST & ANALYSIS-evaluations of products or services in the markets


1. Create a sample product VALIDATION- a question of “Do we built a right product?” “Do we
ensure the product will deliver its functionality?” “Is this product
2. Find your location it's really right for the market/community?”
3. Choose your target
4. Start your sampling VERIFICATION- a question of “Do we built this product right?”
5. Collect Data - it ensures the functionality as defines in the
6. Analyze Data requirements and it is intended for the
behavior of the problem.

➢ SAMPLING- gathering feedback from a percentage of total market population to


assess product acceptance (i.e., food tasting)
5. DOCUMENTATION

• Formalize your data & get your legal documents in order


• Review business plan

Examples of Documentation
✓ Benchmarking studies- how do you compare your business to other business,
-what are those unique factors that other businesses
were offerings in regards with your products/services
-completing products literature and reviews (e.g.,
comments)
REQUIREMENTS:

1. DTI Business Name Registration 8. Fire permit

2. Barangay clearance 9. Sign permit

3. Mayor's permit 10. BIR registration-TIN

4. Business permit 11. SSS registration

5. Application for utilities 12. Philhealth registration

6. Police clearance 13. PAG-IBIG registration

7. Patient and building permit 14. DOLE registration

6. PRE-OPERATION-prior to starts of business operation

• Review plans and revisions


• Construction Phase
• Procurement
• Recruitment and Training
• Final Requirement Submission
• Last Minute Review and Changes

7. START OF OPERATION- in starting business operation you need to prepare your physical
operations
Physical operations- these are the activities that businesses engage in daily basis to
increase the value of the enterprise and to earn a profit (i.e., Business Regulations and
Guidelines, Business Financial Operations, Day-to-Day Operation management)

3 THINGS TO REMEMBER

• PLAN
• DOCUMENTATION
• IMPLEMENT

BUSINESS TRINITY

WHY WHY- these are the several


financial benefits over
working for a wage or
WHAT- pertaining to business salary.
operations that includes the
locations of the business, or the
HOW- Paano mo ginagawa ang
processes or resources that you
isang business
need for business, other tools for
transforming raw materials to (Conduct a market research, write
final products, and the labor and a business plan, fund the
the capital. business, pick locations, choose
business structure, choose
business name, register the
WHAT HOW business
EQUATION TO SUCCESSFUL BUSINESS

SOLUTION
SB=
PROBLEM

WHEN IS THE RIGHT TIME TO START?


When you are ready:

• Mentally
• Financially
• Physically
• Emotionally

FIVE RULES TO FOLLOW


1. Follow your plan
2. Spend Wisely
3. Manage your time and delegate your work
4. Track your performance
5. Reward yourself

ENTREPRENEUR’s CODE
MAN OF HONOR,
ALWAYS KEEP THEIR WORD

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