How to prepare a business plan?

How to prepare a business plan?

Contents

First: Operational plan
Second: Technical plan
Third: Flow of operations
Fourth: Financial planning
Fifth: Marketing plan
Watch: How to Write 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:

The first components of business plan when preparing business plan is the operational plan, where operational plan ide defined as 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. This operational plan is considered an important components of business plan when preparing business plan is the operational plan.

Objectives of the Operational plan

As part of components of business plan when preparing business plan, the operational plan simulates and sequence specific and coherent activities in a structured manner to achieve specific competitive priorities as follow:

As part of components of business plan when preparing business plan, the operational plan rationalizes the use of the organization's resources for added value.
As part of components of business plan when preparing business plan, the operational plan ensures optimal performance towards the achievement of strategic objectives within the available realistic data.
As part of components of business plan when preparing business plan, the operational plan promotes for achieving excellence: possessing the ability to carry out activities leading to a high degree of quality.
As part of components of business plan when preparing business 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 plan:

Another part of components of business plan when preparing business plan, is the technical plan which is important in companies and institutions, where technical plan enters into many business objectives and has become the basics of work.

Definition of Technical plan:

As part of components of business plan when preparing business plan, the technical 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.

The importance of technical plan lies in its essence of providing the technical plan to operate the business. The technical plan describes the flow of activities within the business. Which is why the technical plan is important to understand the flow of activities within the technical plan.

Third: Flow of operations:

As part of components of business plan when preparing business plan, flow of operations 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:

As part of components of business plan when preparing business plan, financial planning 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 components of business plan when preparing 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 components of business plan when preparing business plan, 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 financial plan that shows the way through which you will be able to achieve the objectives according to the operational plan and technical plan 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:

Evaluate the financial position of the company as part of the financial plan.
Determine the company's financial objectives according to priority as part of the financial plan.
Budgeting as part of the financial plan.
Preparation of the financial plan.

Fifth: Marketing plan:

The marketing plan shows the target market, where it is easy to find clients if you know your target audience exactly. And the marketing plan helps you formulate marketing messages that pay off effectively. Marketing planning is knowing what your product or service can do to help your target audience through the marketing plan, and in light of this knowledge your messages should address your market directly through your marketing plan.

A marketing plan provides focus and direction. There are many marketing and promotion options that can be showed in a marketing plan, such as email, social media, electronic ads, direct mail, traditional advertising, etc. Then, you will need a clear marketing plan to determine the appropriate options for your business.

Watch: How to Write a Business Plan