♥ exam ♥

MY LEARNINGS OF THE WEEK


This week we just met Sir Balbuena once and we have our Second Periodical examination which measures our leanings in Computer programming for the second quarter.

This week I learn more about the use of getche (a type of Input Statement) and the else if else ladder.


♠ getche
♠ A function used to input a single character from the keyboard, the character pressed echoed on the monitor, line the READLN in PASCAL
♠ Syntax: getche();
♠ Example: ch = getche();

♠ %c – used for single char in C
♠ scanf(“%c”, &ch); printf(“%c”, ch);


THAT ALL FOR THE SECOND GRADING . . . ♥♥♥

...Is It Really Hard?...

Develop a Blueprint for Success

Every business needs a documented plan to help focus its direction, outline operations, and secure investors. Get prepared before you start your business to maximize your chances for success.

10 Essential Elements of a Strong Business Plan

1. Cover Page. Include a short identification and a description of your business activities.
   
   
2. Table of Contents. This allows lenders, investors, or partners to reference a specific section of your plan.
   
   
3. Executive Summary. Provide a total overview of your plan and outline the steps you will take to start and grow your business.
   
   
4. Business Background. Don't forget to highlight your skills and experience in your industry.
   
   
5. Marketing Plan. Describe the products and services you offer, your market and pricing strategy, and plans to advertise your business.
   
   
6. Action Plan. Outline your specific action items to create and deliver your products and services.
   
   
7. Financial Management, Statements & Projections. Include your sources of startup capital, monthly budget, anticipated expenditures, expected return on investment (ROI), projected balance sheets, and accounting strategies.
   
   
8. Operations. Describe your hiring procedures and expected costs for insurance, leasing, and equipment.
   
   
9. Closing Statement. Restate your goals.
   
   
10. Appendix. Include statistical analyses, sample marketing materials, and resumes.

Business plan..Is it EAsy??..(Finish)

In doing a Business Plan, there are do's and dont's that you have to observe...these are:

TOP TEN DO'S

1. Prepare a complete business plan for any business you are considering.
2. Use the business plan templates furnished in each session.
3. Complete sections of your business plan as you proceed through the course.
4. Research (use search engines) to find business plans that are available on the Internet.
5. Package your business plan in an attractive kit as a selling tool.
6. Submit your business plan to experts in your intended business for their advice.
7. Spell out your strategies on how you intend to handle adversities.
8. Spell out the strengths and weaknesses of your management team.
9. Include a monthly one-year cash flow projection.
10. Freely and frequently modify your business plans to account for changing conditions.

TOP TEN DON'TS

1. Be optimistic (on the high side) in estimating future sales.
2. Be optimistic (on the low side) in estimating future costs.
3. Disregard or discount weaknesses in your plan. Spell them out.
4. Stress long-term projections. Better to focus on projections for your first year.
5. Depend entirely on the uniqueness of your business or the success of an invention.
6. Project yourself as someone you're not. Be brutally realistic.
7. Be everything to everybody. Highly focused specialists usually do best.
8. Proceed without adequate financial and accounting know-how.
9. Base your business plan on a wonderful concept. Test it first.
10. Skip the step of preparing a business plan before starting.

BUSINESS PLAN

LEARNINGS OF THE WEEK

This week I learned anout the section 5 of the business plan . . .

Section 5 Sustainability

I. Financial Plan
(This includes strategies for fund raising.)
A. What is the average investment needed?
B. What are the specific investments needed in year 1-2?
C. What percent of the investment will be your own financial contribution?
D. How will you raise funds to start the business?
E. After how many years will your business generate profit?

II. Social Impact
A. What are you long-term desired outcomes?
B. What is/are the social impact that will be generated from each
of the activities of your business?
C. What is the impact of the business to the community?
(Employment, women, quality of living, knowledge created,
potential for long-term spin offs)

Business plan..Is it EAsy??..(part 2)

Writing the business plan(Part 2)

There are some secrets in achieving a great business success….Some factors of a great business success are:

· Understanding of Your Market: A good way to test your understanding is to test market your product or service before your start. You think you have a great kite that will capture the imagination of kite fliers throughout the world? Then craft some of them and try selling them first.

· A Healthy, Growing and Stable Industry: Remember that some of the great inventions of all time, like airplanes and cars, did not result in economic benefit for many of those who tried to exploit these great advances. For example, the cumulative earnings of all airlines since Wilber Wright flew that first plane are less than zero. (Airline losses have been greater than their profits.) Success comes to those who find businesses with great economics and not necessarily great inventions or advances to mankind.

· Capable Management: Look for people you like and admire, who have good ethical values, have complementary skills and are smarter than you. Plan to hire people who have the skills that you lack. Define your unique ability and seek out others who turn your weaknesses into strengths.

· Able Financial Control: You will learn later the importance of becoming qualified in accounting, computer software and cash flow management. Most entrepreneurs do not come from accounting backgrounds and must go back to school to learn these skills. Would you bet your savings in a game where you don't know how to keep score? People mistakenly do it in business all the time.

The second sections that we finish are the hard section, ’cause we need the guide of our advisor in doing this:

(This is part of the section 4)

III. Marketing Plan

A. Research and Analysis

Who are your target markets? What is the market size and

trends? (Competition and estimated market share)

B. Marketing Plan

How will your market your product/service and how do you

reach customers?

How will you serve your target group and your investors?

Do you have business partners? Specify your partner’s role,

added value and location.

IV. Production/Technical Plan

A. Detailed description of products and services

B. Operating Strategies

What is your production model?

What are the Components, Raw Materials, Suppliers,

Transportations needed? How will you access it?

What research needs to be done in order to develop your

product or help you develop your product?

C. Critical Risk

Who are your competitors? How is your business different

form the others? What is your competitive strategy? Who are

your partners? What are their roles, added value to maximize

the impact? What are your risks and opportunities? What is

your potential impact? How will you capitalize/to prevent the

risks?

V. Organization / Management Plan

A. Who are the members of your team?

B. What can they contribute to the business?

C. Who else needs to be part of the team?

VI. Operational Plan

A. Identify how you will implement your business

B. Monitoring & Evaluation

What outcomes you are trying to achieve for your target?

How will you monitor your achievements? You may create a

timeline on when these will be achieved.

Section 5 Sustainability

I. Financial Plan

A. What is the average investment needed?

B. What are the specific investments needed in year 1-2?

C. What percent of the investment will be your own financial

contribution?

D. How will you raise funds to start the business?

E. After how many years will your business generate profit?

At last we are finish with the other sections…