Senior High School

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ENTREPRENEURSHIP
Quarter 2 – Module 5
Implement a Simple Business

www.sweetnsimpledesign.com

Bethyl B. Gacayan
Compiler / Contextualizer

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 Second Quarter, Module 5, Week 5
Implement a Simple Business Plan

Content Standard : The learner demonstrates understanding of

concepts, underlying principles, and processes of
starting and operating a simple business.
Performance Standard : The learner independently or with his/her classmates
starts and operates a business according to the business
plan and presents a terminal report of its operation.
Competencies : Manifest understanding of starting and operating a
simple home-based business.
Learning Outcomes : Upon the completion of the given unit, the SHS
learners are expected to show the details of a simple
home-based business implementation.

What I Know
You can have this done to warm up for the simple implementation!

Classification. Classify each item with the corresponding term inside the box
to which it belongs. Write each correct answer clearly in a separate sheet.

BASIC PRICE MODEL IMPLEMENTATION PLAN INVENTORY

MANAGEMENT FUNCTIONS SELLING

___________1. Arrange activities ___________9. Plan

___________2. Build long-term ___________10. Prospecting
relationships
___________3. Cold calling ___________11. Raw materials
___________4. Controlling ___________12. Service charge
___________5. Finished Goods ___________13. Staffing
___________6. Lay specific outputs ___________14. Total cost
___________7. Mark-up ___________15. Work-In- Process
___________8. Organizing

How were you able to classify the terms? These are terms that are often heard from
active businesspeople and will have you guided in the implementation.

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 What I Need to Know
You can buckle up for a simple home-based business! Your next key move is
to start your simple business.

In this key move you are expected to:

● apply the process in business plan implementation
● handle preparation of a business start-up
● do actual business from home

What’s In

Take the time to review your plan for a sure business stand!

Application. Use your Business Plan in Quarter 2 - module 4, to fill out the template
with brief key details. Write answers clearly in a separate sheet.

Business Plan Template

I. Introduction

II. Executive Summary

III. Business Proponents

IV. Marketing Plan

V. Financial Plan

VI. Operational Plan

VII. Organizational Plan

You will now stick to the plan and implement it in a simple home-based business
run.

What’s New

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 Put plans into action and implement your home-based business.
Observe and recall about the details of your immediate neighborhood
including your household.

Direct data. Briefly answer each guide question based on the

details of your own place. Write your answer clearly in a
separate sheet of paper.

1. Where is the business space in your house?

_______________________________________________________________
2. What are three (3) important steps that you need to note down
and follow for your business idea?

____________________ ___________________ __________________.

3. What are three (3) major items that you need to list down and
use for your business idea?

____________________ ____________________ _________________.

4. How will you let people know that you are in business?

______________________________________________________________.
5. How will you record to monitor the money?

______________________________________________________________.

Your practical answers to each guide question will be useful in your

implementation of your simple and home-based business plan idea, which is
comparable to what most entrepreneurs are doing.

What Is It

This is an overall Implementation Plan for your home-based business.

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 1. Scope- 6. Set
Procurement- 7. Prepare
Best offer. Purchase budget-correct
spending

2. Lay specific
5. Plot schedule- 8. Handle risks-
outputs-Details of
Right on time. Beat challenges
good or service.

3. Arrange 9. Manage result-

4. List down
activities- awareness of
resources-
outcomes to your
Routine. inventory
advantage

The steps you take early in your home-based business can have a big impact
on your success.

Here are five things to do for your first day in your home-based business.

1. Take time to check your plan.

Sit down for a few minutes to note and form how you will spend your time in
the week and be guided.

2. Tell the world you are in business.

Word of mouth is the best form of advertisement, after you have built up a group
of satisfied customers. The sooner you start bringing in money the healthier the
business will be.

3. Set up your business space.

Many small business owners start a business because they want to follow their
passion, but you will only be able to do that on an ongoing basis if you are somewhat
organized.

4. Remind yourself that you are qualified.

No matter what you sell, there are going to be some rejections.
To keep your confidence high, jot down a list of the experiences and qualities
that allow you to bring something special to your customers.
Truly care about helping people.

5. Reach out for support.

People you trust like family and friends can be your life-support, cheering you
on when your energy is flagging.
All management functions as duties of the owner, you will put these into
practice for the home-based implementation.

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 PLAN to think before doing a task. ORGANIZE to arrange human and material
resources. STAFF to select and develop manpower. DIRECT to guide, lead and
supervise towards goal. CONTROL to make sure activities conform to the plan.

The Strategies in selling you may then use in the home-based implementation.

COLD CALLING is approaching potential customers who are not expecting the
interaction. CONSULTATIVE SELLING is emphasizing to customers their need and
the solution. DIRECT SELLING is the demonstration of a product or service.
PERSUASIVE SELLING is to point out compelling reasons for clients to pay for the
product or service.

These Steps in selling may be followed by you in the home-based

implementation.
a. First - PROSPECTING is to start with the referral from customers.
b. Second - SALES PRESENTATION is to showcase the product or service to
customers.
c. Third – HANDLING QUESTIONS is usually based on costs and benefits.
d. Fourth – CLOSING is to take order or commitment to purchase or pay.
e. Fifth – BUILD LONG-TERM RELATIONSHIPS is to follow-up sales by checking
satisfaction of customers for repeat sales.

Have Inventory stages which can be applicable in your home-based

implementation.
a. Raw Materials Inventory (RMI) for stockpile of materials or goods
b. Work-In-Process Inventory (WIPI) for partially completed items
c. Finished Goods Inventory (FGI) for final outputs

Use the Price model with its components that is for you to compute and set the
price on the product or service you will be offering in the home-based
implementation.

TOTAL COST is the sum amount spent for the goods or service
MARK-UP is an amount added on top of the total product cost in price
Selling of GOODS computation for Price
= (Total Cost + Mark-up)/number of items for sale
SERVICE charge computation for Price
= Total Cost + Mark-up

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 Your home-based business is of good potential. Take it from Nelson Yuvilla of
Philtec Label Corporation, that, “A small idea can be the seed of a big business
venture.”

What’s More

Brief essay. In just one (1) sentence fill out the template with the detail on how
each item is applied in your home-based business. Write answers briefly and clearly
in a separate sheet of paper.

MANAGEMENT FUNCTIONS AS DUTIES HOME-BASED BUSINESS

OF THE OWNER APPLICATION
1. PLANNING
What is to be done as priority?
2. ORGANIZING
Who is needed for the task?
3. STAFFING
What is your main role?
4. DIRECTING
How can you communicate with your
customers to meet the business goal?
5. CONTROLLING
How is the quantity and quality of your
goods or service following the plan?

Business experts have noted these applications in surviving businesses.

What I Have Learned

It is for you to express now, your insights on the simple implementation of your
business plan.

Be sure to keep this in mind.

The steps you take early in the implementation of you plan in your
home-based business can have a big impact on your success.

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 Brief Essay. Use the details from your home-based business. Only one (1)
sentence per number. Write the answers clearly in a separate sheet.

1. How will you use each of the STRATEGY in SELLING?

SELLING STRATEGIES ANSWER

a. COLD CALLING - approaching potential
customers
b. CONSULTATIVE SELLING - customer’s
need and the solution
c. DIRECT SELLING - demonstration of a
product or service
d. PERSUASIVE SELLING - compelling
reasons to pay for the product or service

2. How will you do the STEPS in SELLING?

SELLING STEPS ANSWER

a. First - PROSPECTING on referral from
customers.
b. Second - SALES PRESENTATION on the
showcase to customers.
c. Third – HANDLING QUESTIONS on costs and
benefits.
d. Fourth – CLOSING is to take order or payment.

e. Fifth – BUILD LONG-TERM RELATIONSHIPS

is to follow-up for the repeat sales.

What I Can Do

Application. Use the details from your home-based business. Write the answer
clearly in a separate sheet.

1. How many of your stocks are in each of the following:

INVENTORY ANSWER
a. Raw Materials Inventory
b. Work-In-Process Inventory
c. Finished Goods Inventory

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2. Compute for the price.

PRICE COMPONENTS ANSWER

Total Cost is the sum spent.

Mark-up is in percentage set for gain

Selling goods computation of Price

= (Total Cost + Mark-up)/items
Service charge computation of Price
= Total Cost + Mark-up

Assessment

You now reveal your wits in the simple business implementation!

MULTIPLE CHOICE: Read each item carefully. Write the corresponding letter of the
correct answer in a separate sheet of paper.

__1. Early planning of steps in business is a must. How are steps applied?
A. Implementation of Plan. B. Localization in the Plan.
C. Operation finishes the Plan. D. Regulation is after the Plan.

__2. Duties and Functions are done by an Owner. How does an owner do it?
A. Control, guide, lead, rule, and run the business.
B. Direct, manage, handle and conduct the business.
C. Organize, group, classify, and arrange the business.
D. Plan, organize, staff, direct and control the business.
__3. Selling strategies can be done. Which are the strategies?
A. Calling, draft, drop, bill, book, and advance strategies.
B. Cold calling, consultative, direct, and persuasive strategies.
C. Direct, candid, clear, bare, ahead, and actual basic strategies.
D. Pointed, linked, lined up, head start and guaranteed strategies.

__4. Check on customer satisfaction for repeat sales. How to do it with customers?
A. Build causal relationships.
B. Build instant relationships.
C. Build an open-term relationship.
D. Build long-term for relationships.

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__5. Follow the overall plan in business. Why is this followed?
A. It is the banking way. B. It is the domestication.
C. It is the holdings for it. D. It is the implementation.

6. The first few days of your business means a lot. How will you be guided?
A. Check on your plans.
B. Know that you are qualified.
C. Set your business space in place.
D. Tell the world you are in business.

7. Plan is among the management functions. How to follow this?

A. Think after doing a task.
B. Think before doing a task.
C. Think during the doing of a task.
D. Think if you can find time to do it.

8. Organize resources as one duty of management. How to do it on resources?

A. Assign buyers and customers.
B. Assign competitors and rivals.
C. Assign human and materials right.
D. Assign merchants and retailers right.

9. Staff assignment is a function of management. How to do it on manpower?

A. Count and sum up manpower.
B. Influence and rule manpower.
C. Lower and limit the manpower.
D. Select and develop the manpower.

10. Direct is a duty of management. How does it work towards the goal?
A. Get, leap and sail towards the goal
B. Go, lean and scan towards the goal.
C. Guess, line up and serve towards the goal.
D. Guide, lead, and supervise towards the goal.

11. Control is a management function. Why is it linked to the plan?

A. To be sure activities are against the plan.
B. To be sure that activities begin the plan.
C. To make sure that activities counter the plan.
D. To make sure activities will conform to the plan.

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12. Total cost plus mark up in a formula in business. What is this formula?
A. Item model. B. Price model.
C. Stock model. D. Value model.

13. Rag pouches of a thousand (1000) pieces amounted to Php11,300.00 of

production cost. How much is the cost per piece?
A. Php11.00 B. Php11.13
C. Php11.03 D. Php11.30

14. Rag pouches of a thousand (1000) pieces amounted to Php11,300.00 of

production cost. How much is the 55% mark-up?
A. Php 6.005 B. Php 6.215
C. Php 6.125 D. Php 6.255

15. Rag pouches of a thousand (1000) pieces, amounted to Php11,300.00 of

production cost, with a 55% mark-up on the selling price. How much is the selling
price of each item?
A. Php20.00 B. Php 17.551
C. Php 17.515 D. Php 17.555

Additional Activities

How well did you do on answering the questions?

Proceed and apply to show your understanding in practice.
Brief essay. Write clearly on a separate sheet of paper for your response.
a. How will you do the practical daily living use of what you have learned from this
module? Include how it will allow you to promote persevering and industrious
attitude. Answer aptly in one (1) sentence.
_________________________________________________________________________________
b. Ask-all-You-can about this module. I will write back and post answers online.

_____________________________________________________________________________

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References
Book

Department of Education Competency Based Learning Material

Internet

https://www.dvesolutions.com.au/2018/05/29/six-crucial-steps-to-creating-an-
implementation-plan/
https://www.flaticon.com/free-icons/sketch
https://www.hatchbuck.com/blog/start-a-business/
https://www.pinoybisnes.com/pinoy-lifestyle/inspirational-quotes/
https://www.smartsheet.com/implementation-plan

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