It is a roadmap of how your business will operate in order to succeed.Before you can begin writing your business planning roadmap, you need reliable information about your industry, your competitors, your product and your customers for inclusion in it.Writing an effective business plan is easier if you take time before starting the writing process to conduct your research and gather the information you will need to incorporate into it.
Now, you need to measure operational activities, such as customer satisfaction, product defects or costs, to determine if improvements generated by your review have had an impact.
Conduct subsequent reviews and adjust your processes accordingly if no improvements have been made within the expected time frame.
Conducting an effective business review process ensures that your company operations produce the desired results in the most efficient manner.
For example, you might conduct a business process review before purchasing new hardware or software.
There are many articles and resources available on the Internet explaining how to write a business plan, but writing a business plan is more than merely following a business plan template or copying someone’s business plan examples.
A business plan can be as simple as a few notes scrawled on a paper napkin, or it can be a 40-page document with multiple sections and subsections describing every minute detail of a company’s operations, products and finances.
Hold a series of meetings for the team to brainstorm ideas about why the problems exist and how to handle them.
Conduct research to learn how other companies handle similar problems.
Tara Duggan is a Project Management Professional (PMP) specializing in knowledge management and instructional design.
For over 25 years she has developed quality training materials for a variety of products and services supporting such companies as Digital Equipment Corporation, Compaq and HP.