Friday, May 8, 2009

What to Consider in Writing a Business Plan

Of course, whether big or small, every business in any industry requires you to right a business plan in order to plan for success. Of course, each industry requires you to modify the content according to whether or not you run a warehouse and distribution company or third party logistics company.

  • Things to include in writing a business plan include:
  • Consider specific and measurable goals that you want your organization to achieve
  • Consider the market that you will be or within you are currently activeStudy and determine market trends and historical data
  • Determine material and resource requirement
  • A short-term plan which encompasses a three to five year period of time
  • A long-term plan that covers ten plus yearsSpecific steps that would need to be taken in order to achieve each goal
  • Measurable and attainable goals that are broken down by monthly requirements
  • Your organization’s current and projected sales goalsMarketing goals and requirements
  • Consider expenses and time requirements for research and development
Do not take anything for granted. Conduct a SWOT Analyses to help you determine areas and opportunities for improvement. Once you discover your strengths, a business plan will help you to achieve a plan for success.

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