You Have Your Business Plan And Executive Summary Ready To Go, But What About Your Operating Plan?
In the process of writing a business plan the section called operating plan helps
describe the physical necessities of the operation of a business such as the physical location of the business and facilities and equipment. Depending on the different kind of business that is being planned it may also include information concerning inventory requirements as well as suppliers and it may even contain a description of the process of manufacturing used by the business.The operating plan may be considered as being an outline of the capital as well as expense requirements that a business would require for its operations each and every day. This may entail showing what has been done by the business to get itself off the ground as well as demonstrating that there is complete understanding of the manufacturing as well as delivery process of producing the business's product or service.
The operating plan may be sub-divided into a stage of development and the production process section. The stage of development should describe how the product or service is made as well as identify the problems that may occur during the process of producing the products or services. It may also require showing that the business is aware of industry standards as well as regulations and this may be done by informing about which industry organizations the business is a member of. There is also need to define who the suppliers are as well as their prices and terms and conditions. The operating plan should also explain the quality control measures that have been set up or which need to be established.
The production process section of the operating plan should lay out the details regarding the business's day to day operations. This section of the operating plan requires that the business is able to demonstrate its understanding of the manufacturing and delivery process of the product or service being sold or manufactured. This would entail detailing the hours of operation as well as the days on which the business will remain open for business and in case the business is seasonal then that should be described clearly. This part of the operating plan should detail the type of premises as well its size and location and may also include drawings of the building and copies of lease agreements as well as recent real estate appraisals. Also, the equipment that is required as well as its worth and cost should be included as well as how it is to be financed.
There should also be a list of all the assets of the business including land, building, inventory, furniture, equipment and vehicles and it should also include legal descriptions and the assets' worth. In addition, the operating plan should also define materials needed, production time frames, tracking of inventory as well as feasibility that includes product testing, price testing as well as prototype testing. Also, one should also include detailed product cost estimates.
Having an operating plan that has been prepared and which caters to all the functions required of it is essential for a business to get ahead and what better way to achieve these ends than to get a complete operating plan that is ready for use off the shelf and which is affordable and also easily tailored to meet individual needs? In case you wish to save on expensive drafting of operating plans and want one that has been thoroughly been researched then you need only try out any one of the various vendors who specialize in selling such documents for low cost, which can save plenty of time, money and effort and, at the same time, meet all the requirements of a business.
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