Business Plan
Maximize your business’ efficiency, productivity, and profitability.
Every business needs a plan.
Whether it’s a start-up or one that is has been operational for many decades, a business plan outlines the business’ goals, recognizes important milestones, and lays out the steps that are required along the way.
There are several different types of business plans.
Start-Up Plans
These plans focus on new businesses, which describe the details of the company, the product or service, its unique selling position, and projected team. For potential investors, this plan must also include an extensive financial analysis with spreadsheets outlining projected income, profit, and cash flow. Typically, new businesses should aim to have specific goals at a 1, 3, and 5-year mark.
Internal Plans
This can be specific to any one department within the existing business. It outlines the current state of the company, which includes operational costs and profitability. Typically, a market analysis, financials, and employee requirements are also detailed in this plan.
Strategic Plans
A comprehensive view of a company’s goals, describing the steps required to achieve them and a timeline for each goal. Strategic plans are the foundation for a business’ governing operations and ensures that it stays true to the business’ vision. The core of this plan defines success factors, objective strategies and an implementation schedule. This business plan refocuses a business and inspires the team with clear direction.
Feasibility Plans
This should be drafted before any start-up business plans are created, or as a pre-requisite. It answers two very important questions; 1) is there are market for said product or service and who are they? And 2) will it sell and be profitable? Feasibility plans include many of the traditional sections, such as products and services, market analysis, marketing strategy, and financials. It concludes with recommendations for moving forward.
Operations Plans
These plans are a condensed plan of the business’ elements relating to operations, with specifics of employee responsibilities and implementation strategies. These plans are for internal purposes.
Growth Plans
Describes in-depth the proposed growth for a business. These plans are often used to secure financing, as it provides the complete financial details of the company. Additionally, it must include the company overview outlining all of its managers and officers, products and services underlining areas for growth, and market analysis which supports proposed growth requirements. Each plan should include an executive summary, business overview, company summary, products and services, market analysis, marketing strategy and implementation, management summary, financial plan and overall summary.
Through a strategic plan, Synchroworks consultants are able to outline the process by which the strategic goal will be reached. Echoing the business’ SWOT (strengths, weaknesses, opportunities & threats) and PEST (political, economic, social and technological) factors offers the data required to create a comprehensive plan. Having an outside strategic planner sheds a new perspective on improving the business operations and setting strategic goals that remain in line with an organization’s vision.
Here’s How We Can Help:
Create a plan
Outline the requirements of each step
Define a time frame
Provide the required resources to accomplish your goals
CONTACT A SYNCHROWORKS REPRESENTATIVE NOW
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