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<h1>The Business Plan Format You Choose Absolutely Must Address These 4 Key Areas</h1> by Peter Kirkham Writing a business plan format in a simplistic style so it can be read &amp; understood by all those involved, yet not overly simple so it lacks credibility, is not easy. When you consider that it may be read by an attorney, a banker, financiers, your husband or wife and whoever else, you can see the problems that may arise.
The business plan format that you choose needs to be set out in a consistent, logical manner so it flows smoothly from start to finish and, more importantly, it must address four key areas.
When addressed correctly, these four areas will ensure that your business is built on a solid base and it will run efficiently &amp; effectively from top to bottom, day in, day out. Within each of these four key areas there are multiple points which address the majority of issues &amp; hurdles that you will encounter in your business.
Here are the four key areas I refer to:
BUSINESS PLAN FORMAT KEY AREA 1: People &amp; Education.
Always, always, always employ the best possible person for the job, then keep growing them through education. They may cost more but over time you will recoup the extra cost over &amp; over again. Following are some suggestions for attracting and retaining the best people:
Run an ongoing training program Develop a team social club Subscribe to educational newsletters, magazines, etc Run team building training programs Develop a conflict resolution system Hold regular team meetings Develop a system for recognition &amp; remuneration Build career planning within the company Set company &amp; individual team member goals Run time management training Develop positional 'how to' manuals Introduce ongoing team development
BUSINESS PLAN FORMAT KEY AREA 2: Delivery &amp; Distribution
It's one thing having the best people at the front end winning the business, but it's another issue making sure the back end keeps up. Quality of stock, continuity of supply &amp; timely delivery can make or break your business. Here's some points to think about:
Work towards paperless systems Deliver your service with systematic consistency Review product packaging for safer delivery Reorganise stock according to turnover Simplify your order pick &amp; pack process Fore3cast stock movements Introduce a purchasing &amp; stock receiving system Complete regular stock takes Quantify service and/or product delivery costs Measure quality &amp; professionalism of service delivery Measure &amp; use re-order levels Implement an order tracking system
BUSINESS PLAN FORMAT KEY AREA 3: Testing &amp; Measuring
Here's an extremely important area that many business owners simply ignore. Testing &amp; measuring in all areas of your business needs to be mandatory. From advertising response, to customer transactions, to maintaining an asset register, to NOT test &amp; measure is to place your business in the hands of someone else. Consider these:
Complete &amp; retain monthly &amp; half yearly budgets Measure conversion rates for every sales person Develop a purchasing system for internal purchases Develop &amp; maintain a marketing campaign analysis Keep a record of profit margins Continuously measure the quantity &amp; origin of all leads Constantly monitor credit control and the age of your accounts Measure the average dollar sale for each team member Record the number of transactions for each customer Complete a monthly balance sheet Measure key performance indicators in all areas of the business Undertake regular stock take control check-ups Maintain an asset register that includes depreciation
BUSINESS PLAN FORMAT KEY AREA 4: Systems &amp; Technology
The people run the system &amp; the system runs the businesses. The better &amp; more efficient the system is, the less educated therefore the less costly the staff is, that runs it. Having the most suitable systems, running on the latest technology platforms, is paramount to the success of any business. Here's a check list to ponder:
Schedule &amp; complete regular maintenance on all equipment Use computer invoicing &amp; creditor monitoring Run a computerized stock control system Complete systems training &amp; induction programs Use the latest computer programs Review phone &amp; fax systems Implement a computer back-up system Document &amp; chart work flow processes Document sales &amp; marketing systems Document information flow processes Use rosters &amp; schedules for repetitive tasksComplete a policy &amp; procedure manual Complete a machinery automation &amp; update schedule Document accounting systems Prioritize extraordinary tasks
So, there you have it. If you can successfully address these four key areas in your business plan format, you'll be way ahead of the competition. That I can guarantee.
 <h2>About the Author</h2>Author &amp; small business owner Peter Kirkham has written a terrific collection of proven, low cost marketing strategies that shows fellow small business ownesr how to create a steady flow of new customers into his businesses... FOREVER. They're all available in his <a href="http://www.low-budget-marketing-methods.com ">FREE Customer Attraction Kit</a>.
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<body><h1>The Business Plan Format You Choose Absolutely Must Address These 4 Key Areas</h1> by Peter Kirkham Writing a business plan format in a simplistic style so it can be read &amp; understood by all those involved, yet not overly simple so it lacks credibility, is not easy. When you consider that it may be read by an attorney, a banker, financiers, your husband or wife and whoever else, you can see the problems that may arise.
The business plan format that you choose needs to be set out in a consistent, logical manner so it flows smoothly from start to finish and, more importantly, it must address four key areas.
When addressed correctly, these four areas will ensure that your business is built on a solid base and it will run efficiently &amp; effectively from top to bottom, day in, day out. Within each of these four key areas there are multiple points which address the majority of issues &amp; hurdles that you will encounter in your business.
Here are the four key areas I refer to:
BUSINESS PLAN FORMAT KEY AREA 1: People &amp; Education.
Always, always, always employ the best possible person for the job, then keep growing them through education. They may cost more but over time you will recoup the extra cost over &amp; over again. Following are some suggestions for attracting and retaining the best people:
Run an ongoing training program Develop a team social club Subscribe to educational newsletters, magazines, etc Run team building training programs Develop a conflict resolution system Hold regular team meetings Develop a system for recognition &amp; remuneration Build career planning within the company Set company &amp; individual team member goals Run time management training Develop positional 'how to' manuals Introduce ongoing team development
BUSINESS PLAN FORMAT KEY AREA 2: Delivery &amp; Distribution
It's one thing having the best people at the front end winning the business, but it's another issue making sure the back end keeps up. Quality of stock, continuity of supply &amp; timely delivery can make or break your business. Here's some points to think about:
Work towards paperless systems Deliver your service with systematic consistency Review product packaging for safer delivery Reorganise stock according to turnover Simplify your order pick &amp; pack process Fore3cast stock movements Introduce a purchasing &amp; stock receiving system Complete regular stock takes Quantify service and/or product delivery costs Measure quality &amp; professionalism of service delivery Measure &amp; use re-order levels Implement an order tracking system
BUSINESS PLAN FORMAT KEY AREA 3: Testing &amp; Measuring
Here's an extremely important area that many business owners simply ignore. Testing &amp; measuring in all areas of your business needs to be mandatory. From advertising response, to customer transactions, to maintaining an asset register, to NOT test &amp; measure is to place your business in the hands of someone else. Consider these:
Complete &amp; retain monthly &amp; half yearly budgets Measure conversion rates for every sales person Develop a purchasing system for internal purchases Develop &amp; maintain a marketing campaign analysis Keep a record of profit margins Continuously measure the quantity &amp; origin of all leads Constantly monitor credit control and the age of your accounts Measure the average dollar sale for each team member Record the number of transactions for each customer Complete a monthly balance sheet Measure key performance indicators in all areas of the business Undertake regular stock take control check-ups Maintain an asset register that includes depreciation
BUSINESS PLAN FORMAT KEY AREA 4: Systems &amp; Technology
The people run the system &amp; the system runs the businesses. The better &amp; more efficient the system is, the less educated therefore the less costly the staff is, that runs it. Having the most suitable systems, running on the latest technology platforms, is paramount to the success of any business. Here's a check list to ponder:
Schedule &amp; complete regular maintenance on all equipment Use computer invoicing &amp; creditor monitoring Run a computerized stock control system Complete systems training &amp; induction programs Use the latest computer programs Review phone &amp; fax systems Implement a computer back-up system Document &amp; chart work flow processes Document sales &amp; marketing systems Document information flow processes Use rosters &amp; schedules for repetitive tasksComplete a policy &amp; procedure manual Complete a machinery automation &amp; update schedule Document accounting systems Prioritize extraordinary tasks
So, there you have it. If you can successfully address these four key areas in your business plan format, you'll be way ahead of the competition. That I can guarantee.
 <h2>About the Author</h2>Author &amp; small business owner Peter Kirkham has written a terrific collection of proven, low cost marketing strategies that shows fellow small business ownesr how to create a steady flow of new customers into his businesses... FOREVER. They're all available in his <a href="http://www.low-budget-marketing-methods.com ">FREE Customer Attraction Kit</a>.
 <h3><a href="http://www.content4reprint.com/business/management/the-business-plan-format-you-choose-absolutely-must-address-these-4-key-areas.htm" title="The Business Plan Format You Choose Absolutely Must Address These 4 Key Areas">Article Source:</a> <a href="http://www.content4reprint.com" title="Free high quality articles">Content for Reprint</a></h3></body></html>