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‘How to Develop a Business Plan’
Introduction
Most successful organisations have a clear vision or sense of purpose. They also have well defined objectives to aim for and a way of measuring their performance. These are the vital ingredients of a Business Plan. Some of the benefits of business planning are that it: • Forces people in the organisation to stand back, and review business performance and the factors that are affecting the business • Encourages people to consider strategic options and make informed decisions • Improves communication and builds commitment by involving people throughout the organisation • Can be captured in a single document and communicated to everyone involved.

Definitions
Business Planning is a process that identifies where the organisation wants to be and by when, and shows how it will get there from where it is now. A Business Plan is a document that captures the outputs from the business planning process.

Key steps in business planning
The key steps in creating a Business Plan are: 1. Setting a vision for where you want to be

2. Gathering and analysing information about where you are now

3. Setting performance objectives and making plans to close the gap

4. Planning how to monitor progress.

Learning Resources
Tel: 08456 047 047 Web: www.traintogain.gov.uk Email: traintogain@businesslinksw.co.uk

1. Setting a vision for where you want the organisation to be
The core of your Business Plan is your vision for the future. Steve Jobs founded the computer company Apple on the basis of his vision of ‘a computer in every home’. Although your vision statement can be aspirational, your staff, customers and other stakeholders must share and believe in it. People will have different images of what could be in the future, and so listening and consultation are key skills in developing a vision. Organisations often set...

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