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.

Business Plan 1

There are several different types of business plans.

Business Plan 2

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.

Business Plan 3

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.

Business Plan 4

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.

Business Plan 5

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.

Business Plan 6

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.

Business Plan 7

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.

Business Plan 8

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:

Business Plan 9

Create a plan

Business Plan 10

Outline the requirements of each step

Business Plan 11

Define a time frame

Business Plan 12

Provide the required resources to accomplish your goals

CONTACT A SYNCHROWORKS REPRESENTATIVE NOW

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