Strategic
Business Planning
A
Strategic Business Plan is much more than a tool to obtain financing. If you
still have all you plans and ideas locked up inside your head... preparing a
strategic plan helps you clarify your company's direction, ensures your key
leaders are all "on the same page", and keeps both management and staff
focused on the tasks at hand.
A
Strategic Plan is often needed when...
-
Starting a new venture, product or service
-
Expanding a current organization, product or service
-
Buying a new business, product or service
-
Turning around a declining business
The
Strategic Plan provides a blueprint, describing your company, its products,
the competitive environment, management team, financial health, and business
risks.
The
plan allows you to...
-
Identify and describe the target customer profile, features, advantages
and benefits of your new venture, product or service.
-
Justify that your plans are credible by fully researching the need being
filled with your new venture.
-
Develop marketing plans including full descriptions of targeted
promotional campaigns with implementation timelines. You also get to
examine market conditions, the nature of your customers, as well as your
competitors, sales potential, and projected results of your promotional
campaigns.
-
Develop staffing plans including identifying the key players, skills,
attitudes and expertise needed to build the venture.
-
Develop management plans including full descriptions of management
systems and timelines for implementation.
-
Develop financial plans including projected startup costs, operating
costs, revenue, profits, and break-even analysis for the first 3 to 5
years.
Projected financial plans allow you to effectively predict upcoming
problems, or prevent them. In other words, the perspective gained through
your Strategic Business Plan can make a significant contribution to your
company's success, and help you get the funding you require. In fact, most
lending institutions and private investors will not even talk to you without
a solid financial plan.
-
Identify building and equipment needs including vendors and cost
estimates.
-
Formulate company milestones including timelines for upcoming products
and services in development.
Remember: Failing to plan is planning to fail.
Let us
help you develop a powerful Strategic Business Plan that drives your
business to the level of success you deserve.
Let us
help you develop a powerful Strategic Business Plan that drives your
business to the level of success you deserve. Request a Free Consultation
below