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Business Planning Tool

Just in case you did not know the output from Business Planning is that you will have details and plenty of data to create your business plan which you will use to monitor your business progress guide. There is an outline business plan for you to use to create your initial draft.

**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