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    Business Plan Implementation: Starting and Operating A Simple Business

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    Bryan Rey Diamada
    The document provides guidelines for successfully implementing a business plan, including setting clear objectives, defining specific tasks and assigning them to team members, establishing realistic timelines for completing tasks, and monitoring progress. Some key steps are to identify concrete objectives, break the overall goals down into actionable tasks, assign responsibilities, and create a schedule using a tool like a Gantt chart to track completion of milestones. Close monitoring of progress and addressing any delays are also emphasized as important for effective implementation.

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    Business Plan Implementation: Starting and Operating A Simple Business

    Uploaded by

    Bryan Rey Diamada
    738 views16 pages
    The document provides guidelines for successfully implementing a business plan, including setting clear objectives, defining specific tasks and assigning them to team members, establishing realistic timelines for completing tasks, and monitoring progress. Some key steps are to identify concrete objectives, break the overall goals down into actionable tasks, assign responsibilities, and create a schedule using a tool like a Gantt chart to track completion of milestones. Close monitoring of progress and addressing any delays are also emphasized as important for effective implementation.

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    BUSINESS-PLAN-IMPLEMENTATION (2).pptx

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    The document provides guidelines for successfully implementing a business plan, including setting clear objectives, defining specific tasks and assigning them to team members, establishing realistic timelines for completing tasks, and monitoring progress. Some key steps are to identify concrete objectives, break the overall goals down into actionable tasks, assign responsibilities, and create a schedule using a tool like a Gantt chart to track completion of milestones. Close monitoring of progress and addressing any delays are also emphasized as important for effective implementation.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    738 views16 pages

    Business Plan Implementation: Starting and Operating A Simple Business

    Uploaded by

    Bryan Rey Diamada
    The document provides guidelines for successfully implementing a business plan, including setting clear objectives, defining specific tasks and assigning them to team members, establishing realistic timelines for completing tasks, and monitoring progress. Some key steps are to identify concrete objectives, break the overall goals down into actionable tasks, assign responsibilities, and create a schedule using a tool like a Gantt chart to track completion of milestones. Close monitoring of progress and addressing any delays are also emphasized as important for effective implementation.

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    BUSINESS PLAN

    IMPLEMENTATION
    Starting and Operating a Simple Business
    Learning Outcomes

    Implement the business plan


    Operate the business
    Sell the product/service to
    potential customers
    Identify the reasons for keeping
    business records
    How to Start a Business

    1. Write a business plan.


    2. Download a business plan template.
    3. Consider some business plan examples.
    4. Determine your business' legal structure.
    5. Register your business' name.
    6. Review small business taxes.
    7. Market the business.
    8. Sell your products and services.
    9. Keep your customers happy.
    10. Fund the business.
     Starting a business involves a whole lot of moving
    pieces, some more exciting than others. Brainstorming
    business names? Fun! Filing taxes? ... Not so fun. The
    trick to successfully getting your business off the
    ground is to meticulously plan and organize your
    materials, prioritize properly, and stay on top of the
    status and performance of each and every one of
    these moving parts.
     From registering with the government to getting the
    word out about your business to making key financial
    decisions, here's an overview of what you'll need to
    do to start a successful business.
    INTRODUCTION

    Even the most well-thought-out business plan


    is just a piece of paper if it isn’t doesn’t have
    a plan for implementation. This is the portion
    of the business plan where objectives are
    clarified, tasks are assigned with deadlines,
    and program is charted to reach goals and
    milestones.
    How to Implement on Your
    Business Plan?
    Guidelines for successful business plan
    implementation

    1. Objectives
    The objectives should be crystal
    clear and specifically spelled out,
    since it will be used as a building
    block for the rest of the
    implementation plan.
    For example, assume the start-up is a small consulting
    firm. The objective should be tough but reachable, and
    could read something like this:

    1.1 Secure office space and be


    open for business in three months.
    1.2 Sign three clients within first
    three months of operations.
    1.3 Sign 10 clients within the first
    year.
    Setting the right goals and objectives for
    implementation of your business plan
    will push you to show up and perform
    every day. If you don't set goals that
    challenge you on a daily basis, it's easy
    to stagnate in your business and simply
    drift along doing ok. Your objectives are
    where hopes and ideas are translated
    into action.
    2. Tasks
     This part of your business implementation plan
    details what must be accomplished, to achieve
    your greater objectives. Include a task manager
    for each step, so that roles are clearly defined,
    and there is accountability.
     As you create well-defined tasks and assignments
    for yourself, these descriptions should be plainly
    and generally stated; don’t get into a step-by-
    step, micromanaged explanation of how the tasks
    will be carried out. Instead, emphasize the
    expected results associated with these tasks.
    Continuing with the above example, the tasks section of
    your implementation plan might look like this:

     Secure office space – real estate agent


     Obtain licenses and permits – you
     Set up office phones and computers – office manager
     Begin recruiting clients – sales manager
     Create marketing collateral – marketing manager
     Solicit referrals from clients – relationship manager
    This list is very specific to this particular firm and
    is a brief illustration. You may wish to go into
    more details, assigning tasks to yourself such as
    obtaining financing, networking
    with prospective clients, and so on.
    3. Time allocation

     To determine how realistic your implementation plan


    is, each task must be paired with an appropriate time
    frame for completion. Some tasks will naturally take
    more time than others, so do your best to set realistic
    estimates. If you're treading into unknown territory with
    any part of your plan, it's your responsibility to do the
    research, track down instructional resources that'll
    help you through implementation, or find a partner,
    mentor or contractor with more direct experience to
    help execute.
    You should be aggressive but reasonable
    with your time allocation to ensure not just
    completion, but also competent work. For
    assistance in framing this timescale, use a
    program such as Microsoft Project, or create
    your own Gantt chart – a helpful tool that
    shows how long it will take to complete
    different tasks and in which order the tasks
    should be finished.
    4. Progress
     You or a member of your management team needs to be in charge of
    monitoring each task’s progress and the completion percentage of each
    objective if you hope to implement your business plan without delay
    successfully.
     When delays do occur, however, try to get to the root of the problem. Did
    the person responsible drop the ball? Did he or she have too many
    responsibilities to handle? Did a third party, such as a supplier or the bank,
    fail to hold up its end of a deal? Adjust your Gantt chart appropriately to
    account for the delay, make a note of the previous deadline and the
    reason it was missed.
     While the above steps may seem like overkill, the early days of
    implementation in a startup are critically important; it’s a time when good
    management patterns are set and also probably a lean era when revenue
    has yet to start rolling in. The more efficiently you start implementing your
    business plan, the more likely it is that you will survive this early period.

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