Learning what an operation plan is and learning how to make it is something critical to any business. Here are the main things you need to know about an operation plan.
The Operations Plan must detail 1. The processes that are performed to serve customers every day short-term processes and 2.
The overall business milestones that the company must attain to be successful long-term processes. Everyday Processes Short-Term Processes Every company has processes to provide its customers with products and services.
Technology products manufacturers have processes to convert raw materials into finished products. And service-oriented businesses have processes to identify new areas of customer interest, to continually update service features, etc. The processes that a company uses to serve its customers are what transform a business plan from concept to reality.
Anyone can have a concept.
And more importantly, investors do not invest in concepts -- they invest in reality. Reality is proving that the management team can execute the concept better than anyone else, and the Operations Plan is where the plan proves this by detailing key operational processes.
Business Milestones Long-Term Processes The second piece of the Operations Plan is proving that the team will execute the long-term company vision. This is best presented as a chart. On the left side, there should be a list of the key milestones that the Company must reach, and on the right, the target date for achieving them.
Sample milestones include expected dates when: New products and services will be introduced to the marketplace Revenue milestones will be attained Key partnerships will be executed Key customer contracts will be secured Key financial events will occur Key employees will be hired Additional text should be used, where necessary, to support the projections laid out in the chart.
The milestone projections presented in the Operations Plan must be consistent with the projections in the Financial Plan. In both areas, it is important to be aggressive but credible.
With this business plan shortcut you can finish your plan in just 8 hours or less!jSpan Corporation internet asp business plan operations.
jSpan is a start-up Application Service Provider (ASP) providing services to independent professionals as well as small- . The operational plan outlines the particular components that allow your business to create value.
Below, we discuss the primary components of the business operations plan, including: a description of the product produced, the business location, personnel, inventory, suppliers, payment processing (credit policies and accounts receivable/payable).
The next step in creating your business plan is to develop an Operations Plan that will serve your customers, keep your operating costs in line, and ensure profitability. Your ops plan should.
The operations and management plan is designed to describe just how the business functions on a continuing basis. The operations plan will highlight the logistics of the organization such as the.
A business plan should include an assessment of your product and operations strategy. Operations have a steep learning curve, but many successful companies, such as Wal-Mart, have grown by leveraging their operational infrastructure.
The section of the operations plan which is included in the business plan mainly specifies all the physical requirements for the operation of the business.
These physical requirements mainly include equipment, facilities, and location.