The Top Topic!

 

Business Planning

Business Planning is used to develop a strategy, determine resources, establish budgets and communicate where the business is now, where it intends to go, and how it intends to get there. The Business Planning output is a Business Plan!

 

 

 

Key steps to Business Planning

THE BUSINESS 

Describe the BUSINESS

Describe the PRODUCTS and/or SERVICE

BUSINESS STRATEGY 

Define the VISION and MISSION

Carry out an INDUSTRY ANALYSIS

Carry out a COMPETITIVE ANALYSIS 

Identify the STRATEGIC OPTIONS

MARKETING PLANNING 

Define the TARGET MARKET

Determine the MARKET POSITION

Develop a MARKETING STRATEGY

Develop the SALES STRATEGY

Prepare the MARKETING PLAN

OPERATIONAL PLANNING 

Prepare the MANAGEMENT and ORGANISATION plan

Prepare the OPERATIONAL PLAN

RISK MANAGEMENT

Prepare the MILESTONE SCHEDULE

FINANCIAL PLANNING 

Prepare FINANCIAL STATEMENTS

Prepare the FINANCIAL PLAN

Carry out RISK and CONTINGENCY Planning

MONITORING AND REVIEW

Prepare the business plan REVIEW schedule