09 Feb Now it is time to construct some of the final components of your business plan; operations, production, and supply. This portion of the business plan is mission critical because it deals
Now it is time to construct some of the final components of your business plan; operations, production, and supply. This portion of the business plan is mission critical because it deals with the management of many business functions to include production and manufacturing and suppliers and is key to achieving operating profit.
Key elements in developing this part of your business plan are strategic in nature and include suppliers, production, logistics (fulfillment), and customer service. You will also have to decipher what will be your business’s organizational structure, and how it will help develop and build a high-performance culture. Do not just give your opinion but support your positions with research-based analysis (remember to properly identify, cite, and reference this throughout your submission).
It is important that you reconcile some base-level assumptions in your financial projections with this portion of your business plan. The length of this part of your plan will vary depending on the amount of research and effort you put into it and will generally fall between 3-4-pages in length.