Importance of an Operational Business Plan

Entrepreneurs are aware of the need for a Business Plan for raising capital. I suggest that you might consider preparing a Business Plan for operational reasons.

A solid Operational Business Plan consolidates your company essentials in one place. You do not have to include detailed financial elements in an Operational Business Plan, but you should include a summary of your company structure, organization, management team, vision, mission statement, financial vision (see earlier post), values, ethics, product and services, markets served and size, competitors, service philosophy and strategy, manufacturing or delivery strategies, and so on. Any proprietary or confidential information should be avoided in this plan.

An Operational Business Plan will focus your thoughts in one place and serve as a valuable recruiting, orientation and training tool for management level team members. Timely revisions keep the Operational Business Plan as an important working tool for your company.

Ravi Patel

Published in: on November 10, 2008 at 6:00 am  Comments (1)  
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One CommentLeave a comment

  1. Ravi

    Have you had a look at the One Page Business Plan process? I have a sample at the website above.

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