how do I prepare a business plan?

how do I prepare a business plan?

Any company or organization needs to outline the set of goals and processes required by the team or person in charge, and the business plan provides an opportunity to better understand the goals, tasks, and results of the business, the business plan helps is organized during the work to facilitate the performance evaluation process and to reach the predetermined goals.

Business plan also help divide the required operations into small and achievable tasks, business plans usually includes the work plan of any company or organization. The business plan consists of different components including: operational plan, operational procedures (flow of operations), financial planning and technical design.

 First: Operational plan 

 Planning is not an administrative luxury or restriction of work as some think, but it is a smart tool in the hands of the director to succeed and accomplish tasks and achieve the goals designated in the business plan, and the adoption of this model or that depends on the needs of the organization and its level of management and philosophy of the planner.

 Operational plan Definition 

An operational plan (the flow of operations/operational procedures) is the process of linking strategic goals and objectives to tactical goals and objectives, and a description of the operational procedures and flow of operations. It describes the phases and conditions of success and explains how a business plan, will be put into operation during a given operational period, in the case of commercial application, fiscal year or any specific extent. The operational plan (the flow of operations/operational procedures) is the basis of the annual operating budget request.

 Objectives of the Operational plan 

1. The operational plan simulate and sequence specific and coherent activities in a structured manner to achieve specific competitive priorities.
2. The operational plan rationalize the use of the organization's resources for added value.
3. The operational plan ensure optimal performance towards the achievement of strategic objectives within the available realistic data.
4. The operational plan promotes for achieving excellence: possessing the ability to carry out activities leading to a high degree of quality.
5. Operational plan The operational plan functions are summarized as follows:

• Confront uncertainty and change.
• Focus attention on goals.
• Access to economic employment.
• Facilitate the monitoring process.

 Second: Technical design 

In today's world, technical design (another part of the business plan) is important in companies and institutions, where technical design enters into many business objectives and has become the basics of work.

Definition of Technical design:

Technical design as part of the business plan is the process of collecting the elements of the plan of action, and processing all the elements needed for processing, measuring and modification, by relying on ideas and personal experiences, to produce something new and distinct, performs its tasks and meets the goal of its technical design.

 Third: Flow of operations 

Flow of operations (as part of the business plan) in any company or organization should have charts to show how to divide a large complex process into smaller functions and how they fit together. It can help your team or organization as visual tools to see the bigger picture along with its proper place in the entire image, process flow charts are the simplest way to describe a process or activity. It illustrates all the components of a process flow for the purpose of business plan, its multiple stages and the flow of work steps from start to finish, and also helps determine the actual route of the process, and determines the flow of recurring processes and inspection phases. And result  in increasing the efficiency of the different operations in the company.

 Fourth: Financial planning 

Financial planning (as part of the business plan) helps you to effectively manage your company's finances, improves simple and complex financial decisions. It also helps to control your company's finances and avoid improper decisions such as over-borrowing or relying on debtors to manage your company. Financial planning as part of business plan ensures that you have the right amount of money in time in the future to achieve their specific financial goals

 Definition of Financial planning 

Financial planning (as part of business planning) means the preparation and pre-preparation of the financial goals of the company you want to achieve through the development of a proactive and deliberate plan that shows the way through which you will be able to achieve the objectives according to the operational plan and technical design and as a general contribution to the business plan.

 Types of financial planning 

The financial planning process consists of four interrelated steps that lead to the final financial planning:

1. Evaluate the financial position of the company.
2. Determine the company's financial objectives according to priority.
3. Budgeting.
4. Preparation of the financial plan.

 Fifth: Operational procedures 

To strengthen the principle of governance, companies are working to develop an integrated system consisting of a set of operational procedures (flow of operations) governing all tasks and ethics to achieve efficiency and effectiveness of performance on the one hand and control and commitment on the other hand, which are:

1. Organizational structure of the company and various administrative levels.
2. Performance appraisal system for the Board of Directors, Executive Management and members of committees.
3. Charter of the Board of Directors, the work of the committees, and the work of the Executive Management.
4. Privacy Policy and Confidentiality of Information.

 Watch: How to Write a Business Plan 

With greetings: Al - Manara Consulting to help researchers and graduate students