Business
planning is the process of determining the vision, mission and
objectives, strategies, policies, procedures, rules, programs and
budgets required to run a business or a particular business.
A good business plan generally has the following properties: Focus, which means that business planning is based on the vision, mission and goals are clearly specified. Rational
and factual, which means that business planning is based on the idea
makes sense, realistic, future-oriented and supported by the facts that
exist.
Continuous
and estimates, which means that the business plan was made and
prepared for continuous measures and estimates of future conditions.
Preparation and flexible, which means that the business plan made in
preparation, the guidelines for actions to be implemented that are
tailored to the changing business environment facing. Operations, business planning means as simple as possible, detailed and enforceable.
Some
of the benefits of business planning is the work or activities can be
carried out regularly and with clear objectives, avoiding work or
activities that are not productive and more efficient use of resources,
provides an evaluation tool to determine the success of the business,
as well as providing a foundation for monitoring and improvement
efforts. This means that business planning is used to ensure that the intended purpose is achieved.
Business planning process includes four things:
1. Identify business opportunities.
Business opportunities arise when market demand is greater than the supply. So the business opportunity is characterized by the persistence of market demand for such products.
2. Determine the type of business to be run.
Then performed an initial assessment to determine the most likely type of business and considered the most profitable. Of course taking into account various factors that may be supporting or inhibiting business. Considerations that need to be considered include:
a) The amount of capital and capital resources required.
b) availability of raw materials both in quality, quantity and continuity.
c) The availability of the necessary manpower.
d) The prospect of marketing the product.
e) The means of distribution.
f) The purchasing power of people to the products produced.
g) consumer tastes.
3. Conduct feasibility studies.
Feasibility
study (SKU) or feasibillity way in which the study was to determine
whether or not a viable business ideas implemented.
4. Creating a business proposal.
The final step in the process of business planning is to make a business proposal. Business proposal is a written document from the planning effort.
How to make a business proposal or business proposal is as follows. That should be listed in a business proposal or business proposal is:
- The Feasibility Study that discusses the potential of targeting and segmenting markets
- The need for capital investment or
- Operating costs
- Balance of awa that contains estimates of revenues, margins, costs and benefits ops
- Business strategy
Hopefully from that described above what could help to your business planning