A strategic business plan provides a high-level view of a company’s goals and how it will achieve them, laying out a foundational plan for the entire company.
While the structure of a strategic plan differs from company to company, most include five elements: business vision, mission statement, definition of critical success factors, strategies for achieving objectives and an implementation schedule.
Although the research can, at times, be tedious, the findings of your market research will help you to define your businesses potential opportunities, customer market, industry demands and growth trends.
A complete marketing plan not only identifies your business’ advertisement methods and product line, it explains how your business will deal with external forces, such as competing business, industry demands and government restrictions.
Your business’ staffing and location needs are solely dependent upon the specifics of your business.
Whereas a home-based sole proprietor may work alone and only require a small, in-house office, a small retail business may require a full staff and a storefront with ample parking.
Business plans guide owners, management and investors as businesses start up and grow through stages of success.
A business owner or prospective business owner writes a business plan to clarify each aspect of his business, describing the objectives that will anticipate and prepare for growth.
Your staffing information should identify the number of employees that are required to run your business in a smooth and efficient nature.
Each position should be clearly defined and the descriptions should also indicate whether the staff members are contractors or employees.