Here are 7 things you need to include: The executive summary is the first and most important part of your business plan.
Create a 4 quadrant grid, one for each of your S. Here is what I mean by S. Strengths — These are your current or past year internal areas of strength.
Weaknesses — These are your current or past year internal areas of weakness that needs to be improved. Opportunities — These are external possibilities that you see for the coming year. Threats — These are potential external threats to your growth and success in the coming year.
Once you create your grid, write each of the 7 key processes in one or more of these boxes. This will give you a high level analysis of your entire business. So my high level S.
You may want to include your staff for feedback and brainstorming. For Leadership, consider the following: Leadership — vision clarity, communication of direction, overall business strategy, clearly defined goals, good accountability structures. So my Leadership S. Now do the same with the other key processes.
You can break them down this way, but feel free to add components to each of these: You may want to set 2 or 3 goals for each area or set overall goals. However you approach this, be sure to write specific, measurable goal statements and share them with your team.
After you write your goals determine the specific action steps you will need to take to achieve each goal.
Assign a deadline for each action step and assign a person to be responsible for each action step. Once your finished, you have completed your Organizational Improvement Plan. Be sure to review all 3 of the annual plan componentsYour Marketing Plan, Your Budget, and Your Organizational Improvement Plan, to make sure they are all in alignment.
Plan a time to review this either once a week or once a month. Now, take action and watch your business grow! Summary Annual Business Plan:Now is the time to make that decision, before you have poured weeks and weeks into a business plan.
Clear Market Opportunity Showing a clear market opportunity in your plan requires both a description of customers who need your product or service and competitors against . Business plan outline based on Anatomy of a Business Plan and Automate Your Business Plan, used for bank and SBA loan applications.
marketing plan. The plan focuses on the company’s growth strategy, suggesting ways in which it can build on existing customer relationships, and on the develop-.
A great business plan template will also provide instructions for each step of your plan and show you what an investor-ready and SBA-approved business plan should look like.
There are tons of free business plan templates available (including the one you can download right here on this page). A well-crafted business plan is your roadmap to success as an entrepreneur.
Here’s everything you need to know about how to write a business plan. Top 10 Components of a Good Business Plan.
Amanda Dixon May 21, If you’re trying to create one, check out 10 key components of a business plan. Check out our investment calculator. 1. Executive Summary. Your executive summary should appear first in your business plan. It should summarize what you expect your business to accomplish.