REFLECTION PAPER MATHEMATICS PROFESSIONAL EDUCATION, Cheat Sheet of Educational Mathematics

Download REFLECTION PAPER MATHEMATICS PROFESSIONAL EDUCATION and more Cheat Sheet Educational Mathematics in PDF only on Docsity! Binalonan,Pangasinan ACTIVITY 4-MIDTERM NAME: Salic, Nadgira U. COURSE/YR/BLOCK: BSED-2C “REFLECTION PAPER” We discussed creating a business plan a while ago. I've learned that creating a business plan is similar to creating a sales document for your business, which you can present to anyone who shows interest in your business. These are documents that are used to plan out specific details about your business. However, business plans are important and serve a purpose in the success of the business. Here are a few of the main reasons why we need a business plan in order to start a business. A business plan will instruct an entrepreneur on how to run and manage their business or company. It is very useful in clarifying direction, future vision, attracting financing, attracting team members, attracting partnership, and, last but not least, managing the company's step-by-step plan for its future growth. There are 8 elements of a business plan. The title page, executive summary, products and services, market analysis, marketing strategy, financial planning, budget/product cost, and appendix. Title has all the personal information of the business such as its name, logo, contacts, email and other confidentiality statements. Executive summary, from its word summary it summarizes the business and includes information of its statesmanship, staffs, transactions, place, and its mission statement. Products and services is an outline of the products and services you provide, including pricing, product lifespan, and consumer benefits. Market analysis the business must understand both the industry and the target market. It will describe who your competitors are and how they fit into your industry, as well as their strengths and weaknesses. Marketing strategy identifies how the business intends to attract and retain customers, as well as how it aims to connect with its consumer. Financial planning consists of both financial planning and future projections. It may include financial statements, balance sheets, and other financial information. New businesses will include targets and estimates for the first few years of operation, as well as any potential investors. Budget/product cost, a budget is required for any profitable business. This includes staffing, innovation, production, advertising, and any other business-related expenses. Appendix includes any supporting documents or other materials that were formally asked. Resumes, product images, letters of reference, licenses, permits, or patents, legal documents, and other contracts are common items to include. A business plan requires a great deal of effort and strategic thinking. But it will all be worthwhile because even the most brilliant business can get off track without a plan. It is critical to set goals, create milestones, and implement a strategy to ensure success. Always remember that a goal without a plan is just a wish.