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Business plans for particular projects may be prepared by the project co-ordinator. Components of a business plan Your business plan should include the following elements. The situation report It is here that you feed in the results of your surveys, your SWOT analysis, your judgements of the trends, your evaluation of the competition, and your-seat-of-the-pants analysis - the best information you have.
Business planning boards are better than estimates, and estimates are better than guesses, but even guesses are better than not putting anything down. Guesses provide a starting point for later refinement, and a marker for what elements the budget is particularly sensitive to, and a reminder that decisions have to be taken no matter what.
Plans Each plan attempts to express in concrete terms: The outcomes that have to be achieved, The steps that will be needed to get there, The schedule for these to be done, The people who will need to do them, and What they will cost.
Project management software may be useful for this stage. What image are you projecting, through what materials?
What target groups are you distinguishing? Are you going to employ direct mail, or e-marketing, or graffiti, or letterboxing to get the word out to the public? Decide on the answers to these questions and set your objectives.
Develop an action plan that will lead you to these ends, and develop performance indicators that will enable you to monitor the processes. Key performance areas here might include: Your relations with the media, Your success in gaining sponsorship, Your success at fundraising from the general public, Projected sales of goods and services, or Product service delivery standards.
Your resources plan should cover both human resources with a note of the systems and policies you have in place to support them and material resources buildings, equipment, transport.
As above, the plan should result in measurable performance indicators. Operational plan The operational plan covers your delivery of products and services. What do you do? How do you do it? Again, the plan should result in performance indicators.
The budget financial plan The heart of the business plan is the budget. Everything else in the plan is there either to feed assumptions into the budget or explain the conclusions that emerge from the budget.
What you count in your budget will to some extent depend on the details of your business, but a fairly standard example might be:BOARD is an all-in-one Corporate Performance Management and Business Intelligence software solution that makes it easy to build any business analytics and planning applications without coding.
BOARD offers all the functionalities, tools and analytic capabilities needed to quickly create dashboards, reports and self-service analyses fully. Following a standard business plan outline will keep you on track, and save you from botching your best chance at getting your business funded.
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One emerging trend we’re noticing in our work is the number of companies using meditation and mindfulness practices to increase individual and group productivity, improve well-being and health, and reduce stress in the business .
Business Planning Blog. One emerging trend we’re noticing in our work is the number of companies using meditation and mindfulness practices to increase individual and group productivity, improve well-being and health, and reduce stress in the business environment.