Business Plan Writing The importance of writing an effective business plan cannot be overstated. Business plans are of great importance to both existing and start up businesses. While business plans are mostly used in the process of sourcing funds from other parties, they serve many other purposes such as attracting key employees and executives, demonstrating a high level of competence and expertise, forming strategic alliances and many more useful aspects.
What is an Operational Plan? An operational plan describes how the company or organization will achieve the goals, objectives and strategies described in the larger strategic or business plan.
The operational plan organization business plan sample all actions that are needed to meet the strategic plan objectives, personnel responsible for carrying out the described actions, and the timing, costs and KPIs key performance indicators that align with these actions. The operational plan must be reviewed and updated regularly to ensure that the company is meeting outlined objectives.
Sample Business Operation Plans As with our other examples, for our first sample we are going to use our fictional company, Terra Engineering for this operations plan example. Included are the general operating procedures, human resources, insurance, and working capital requirements of the business.
Also included is a table outlining the office space requirements, asset acquisition and an outline of Terra Engineering's operational workflow. Terra Engineering will be operational year round. Smith will be the sole employees of Terra Engineering for the first two years of operation. When additional human resources are needed, Terra Engineering has identified the persons qualified and able to assist on a contract basis for the same rate as the owner.
Wes Aaron, and environmental engineering technician will be sub-contracted to complete work as needed. It is estimated that Mr.
Aaron will eventually be hired full time by Terra Engineering once demand warrants growth. Leanne White holds a Masters in Environmental Engineering and will also be sub-contracted to perform work for the company.
Eventually, Terra Engineering intends to hire Mrs.
Charles Pearson holds a Bachelors of Science Degree in Environmental Engineering and has a vast technical experience base in the environmental assessment area and will be retained when needed. Also at this time, an administrative assistant will be sought.
A professional user of Auto Cad will be sought to perform various jobs for the company. It is unknown at this time who will fill this position, however, job advertisements will be put in the local papers and organizations to attract a good pool of respondents.
Once hired, all employees will be covered by the Workers Safety and Insurance Board and covered for Employee Benefits. Insurance Requirements Terra Engineering will have to incur costs for business liability insurance.
Operating Capital Requirements Due to the demands imposed at start up, Terra Engineering will require that the business have sufficient working capital to meet all operational responsibilities of the business for the first three months. Also, throughout the year there tends to be periods of low activities.
Consequently, the company will experience financial pressures during these months.
While much of this time will be spent developing proposals and marketing strategies, there will be a need to maintain sufficient working capital to cover these periods. A long term strategy to maintain a positive cash flow during these periods will be to diversify the company and develop environmental training programs for certain communities.
These training programs will be given during these months. In addition, Terra Engineering will require specialized environmental equipment.
These are the estimated costs associated with those investments: Further, the equipment may be leased out to partner associates during times of low activity. Operational Workflow As with any consulting firm, the operational workflow for the business is quite uniform and simple to follow.
The following is a step by step outline of how contracts are completed on a regular basis: Therefore, communication is made by the contract to the successful consulting firm.
The above operational workflow is very standard, easy to understand and within industry's norm. Terra Engineering will accept cash, cheque and visa payments.I.
Plan to Stay in Business. Current location: Business Name. Address. City, State, ZIP.
the person below at a different location or organization will succeed in management: Secondary Emergency Contact. Organization. Address. City, State, ZIP. SAMPLE EMERGENCY PLAN. SENECA BUSINESS PLAN –10 1 INTRODUCTION Seneca’s Business Plan (–10) presents the College’s annual activities designed to achieve the goals of the Strategic Plan.
This year’s set of actions and resource allocations is again placed in the framework of the goals, priorities and core. Real Estate Real Estate Business Plan Sample.
This detailed sample plan will assist you in drawing up your own business plan for any start up real estate company. Adventure Travel International international travel agency business plan executive summary. Adventure Travel International (ATI) is a start-up travel agency .
The business plan is the key ingredient for a successful business and is often ignored. This session shows you how to create an individualized business plan, and provides the tools to make it easy. The primary value of your business plan will be to create a written outline that evaluates all aspects.
The One Page Business Plan for the Busy Executive Written specifically for professional business managers and executives. Thousands of business executives have already successfully written and implemented One Page Plans with this simple and effective planning methodology.