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Business Operation

In: Business and Management

Submitted By tams
Words 3535
Pages 15
Business Operation:
An operational plan is an essential component to a business plan because it tells the reviewer how you plan to get your product/service out to market. All businesses need plans of operation with definitive time lines to accomplish goals and deadlines for reaching those goals. It should involve tracking the progress of sales, the development of employees and profits. It must be flexible. You create a business operational plan by defining several major goals that should be met within the next three years. Write a list of short-term goals needed to support each long-term goal, and then break the plan of action for each large goal into daily, weekly and monthly tasks. Assign these tasks to specific employees and document all the obstacles impeding the process of reaching long-term business goals. Designate time frames for every short-term and long-term goal. Notice what is working and what is not working. Then write an accountability system into the operational plan. Finally Review all business activities and profits you expect for every quarter.

Describing your Business
In order to prevent your executive summary from being too long, and to give readers more detail on what your business actually does, you'll want to include a business description section in your business plan.

You probably spend most of your waking hours (and some of your sleeping hours) thinking about your business. You understand what you do, how you do it and why you do it better than anyone. (These wacky inventions didn't look like the money machines they became for their creators. Find out more in Ridiculous Ideas That Made People Millions.)

When you're writing your business plan, you have to think about your business from the perspective of an outsider. The person who will be reading your plan knows nothing about your business except: (1) what he or she knows about

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