preparing the business plan

... crunching builds in each step of the process The financial planning serves as the reality check for the business plan rather than being the driver of the plan Your business plan will answer three main ... your business and family In this guide, the business plan works through a process vof development: + Analyzing the farm business and the industry * Determining the goals of the business and the ... techniques which are used in other businesses must be applied to agriculture One of these planning techniques is preparing the formal business plan A formal business plan integrates written goals...

Ngày tải lên: 18/02/2014, 00:20

... planning sub-group sub-unit 91 PRACTICAL PLANNING PLANNING CYCLE Every organisation will have a different planning cycle driven by the fiscal needs, the type of organisation and the type of planning ... investigation into the reasons However, the plan was prepared to indicate your intentions for the future, and as such should be used in the same way as you might use a road map Consult the plan regularly ... seriously damage your business, unless that person has an indispensable role The combination of the two allows you to plan contingency action to cover the issues The chart on the next page shows...

Ngày tải lên: 21/06/2014, 12:20

... which others are dependent, ie: without them either key parts of the plan not happen or other parts cannot take place until they are finished ● By identifying these actions - known as the critical ... elements There are several types of these ranging from the familiar bar charts through to more qualitative examples, although they are all designed to give the same output - a route map of the way ... can be further broken down and sub-sets of critical paths identified (eg: for planning purposes the strategy would contain IT, marketing, manpower plans, etc) 95 PRACTICAL PLANNING PLANNING TOOLS...

Ngày tải lên: 21/06/2014, 12:20

... end 26 PLANNING THEORY PLANNING STYLES BOTTOM UP This type of planning starts with the lowest unit that plans and then aggregates the plans together to yield, ultimately, the final plan for the ... focuses on the How rather than the What The rest of the book will concentrate on this aspect 14 PLANNING THEORY 15 PLANNING THEORY INTRODUCTION There is a plethora of writing about planning theory, ... PLANS ● The vision and strategy are only the pinnacle of the planning process, with most of the work and content below them ● The strategy will probably be supported by several plans within the...

Ngày tải lên: 28/06/2014, 23:20

... however: ● ● The strategy is the articulation of the vision into practical reality, given the actual situation ● A vision is the long-term view or ideal that drives the organisation The plan is the tactical ... THIS BOOK? The Business Planning Pocketbook concentrates on what you need to to produce a plan It includes both the theory and the practical aspects Whatever your situation, the basic planning process ... INTRODUCTION BUSINESS PLANNING Business planning is concerned with what is going to be done now to achieve targets and goals It sits, therefore, at the tactical level rather than the strategic...

Ngày tải lên: 09/08/2014, 19:21

... end 26 PLANNING THEORY PLANNING STYLES BOTTOM UP This type of planning starts with the lowest unit that plans and then aggregates the plans together to yield, ultimately, the final plan for the ... department/unit, other departments/units, superiors, auditors, group planning, accounts department 23 PLANNING THEORY ELEMENTS OF A PLAN There is no magic formula for the contents of a plan and, whilst there ... Economic forecasts ● ‘What if?’ analysis These elements demonstrate adequate research, analysis and thought in preparing the plan 24 PLANNING THEORY PLANNING STYLES Planning styles differ from organisation...

Ngày tải lên: 09/08/2014, 19:21

... and many others The key determinant is whether the activities create value over and above the cost of capital, or consume or destroy value In other words, they increase the value of the organisation ... PLANNING THEORY PLANNING STYLES ECONOMIC VALUE ADDED This approach is heavily dependent on numbers It focuses on the return on the capital used by the business, less the cost of that ... with many business units PLANNING THEORY PLANNING STYLES BALANCED SCORECARD This approach is an attempt to blend together quantitative numerical analysis with qualitative analysis of other elements...

Ngày tải lên: 09/08/2014, 19:21

... have the right amount of capital for the business plan? ● Is it the right sort - investment v debt; what gearing does it give us? - what is the average cost of funds of the business (known as the ... Prioritise the points by reference to your competition The higher the HR Where you are now Where you want to be priority and the Admin IT greater the gap, the greater the emphasis on Gap the change ... It should be controlled rigidly by the business Key questions for inclusion in the IT strategy part of the plan include: ● What we have? ● Does it support the business? ● What is its life? (IT...

Ngày tải lên: 09/08/2014, 19:21

... parties can then challenge your assumptions; your answers to these challenges will give them confidence that the assumptions, and therefore the forecast, are likely to prove robust 59 PLANNING PROCESS ... measuring variances against them Despite their bad reputation they are a valuable management tool for controlling business and results 54 PLANNING PROCESS 6: TARGET SETTING Every plan must contain targets ... profit and loss as part of your plan will demonstrate the impact of the plan in financial performance terms Internal/support departments will not usually have them 61 PLANNING PROCESS 7: FINANCIAL...

Ngày tải lên: 09/08/2014, 19:21

... illustrate a plan In the following pages extracts from its plan are shown 72 PRACTICAL PLANNING STRUCTURING A PLAN STYLE OF SUMMARY ● The key objective is to get the readers’ attention and to make them ... people will read nothing else, but the rest of the plan should support the summary, allowing them to ‘drill down’ for information 73 PRACTICAL PLANNING STRUCTURING A PLAN BREWING COMPANY SUMMARY , ... organisations, the summary may itself be quite lengthy, in other firms quite short ● It should, however, be a stand-alone document which takes the readers by the hand and leads them to support the conclusion...

Ngày tải lên: 09/08/2014, 19:21

... investigation into the reasons However, the plan was prepared to indicate your intentions for the future, and as such should be used in the same way as you might use a road map Consult the plan regularly ... are following the steps - they will usually have been the output of much thought and deliberation and will help you 84 PRACTICAL PLANNING USING A PLAN To ensure maximum use of your plan it is very ... had planned You should then take action to put yourself back on course if you are adrift, to change course if events demand it, or alter the plan to reflect reality Typically, given that a plan...

Ngày tải lên: 09/08/2014, 19:21

... impact the business • Two months or so prior to the end of the current planning cycle • Based on these, guidelines will be set for units • One month or so prior to the end of the current planning ... which others are dependent, ie: without them either key parts of the plan not happen or other parts cannot take place until they are finished ● By identifying these actions - known as the critical ... planning sub-group sub-unit 91 PRACTICAL PLANNING PLANNING CYCLE Every organisation will have a different planning cycle driven by the fiscal needs, the type of organisation and the type of planning...

Ngày tải lên: 09/08/2014, 19:21

... No copies Your details Please send me: Name The Business Planning Pocketbook Position The Pocketbook Company The Pocketbook Address The Pocketbook The Pocketbook Order by Post MANAGEMENT POCKETBOOKS ... neiljones@neilsweb.fsnet.co.uk Other Pocketbooks by the author include: The Managing Change Pocketbook, The Decision-making Pocketbook and The Marketing Pocketbook (illustrated) Pocketbook titles in the Finance ... PRACTICAL PLANNING PLANNING TOOLS & TECHNIQUES PERT ANALYSIS PERT (which stands for Project Evaluation Resource Techniques) is another form of planning which focuses on the tasks that must...

Ngày tải lên: 09/08/2014, 19:21

... financial plan Although the financial plan is the last of the four main components of the business plan to be completed, the financial planning process is involved throughout the business planning ... the business plan It provides the reader with a quick overview of the highlights of the business plan making the business plan easier to read and follow The next section covers the Business Profile ... CONTENTS THE BUSINESS OVERVIEW MARKETING PLAN HUMAN RESOURCES PLAN 15 PRODUCTION PLAN 20 FINANCIAL PLAN 23 GLOSSARY OF BUSINESS FINANCE TERMS 31 Preparing an Agri -Business Plan Planning for Profit The...

Ngày tải lên: 23/03/2014, 02:20

... Blank Appendix A The Full Business Planning Model 359 This Page Intentionally Left Blank APPENDIX B The 1-Page Strategic Plan Y ou can easily build a complete 1-Page Strategic Plan as a result ... necessary Use the front and back if you need more space, but keep it to one page Do not get distracted by the order or sequencing of the blocks on this page Arrange the elements any way they will ... Blank Appendix B The 1-Page Strategic Plan 363 This Page Intentionally Left Blank APPENDIX C The 1-Page Operational Plan Y ou can easily build a complete 1-Page Operational Plan as a result of...

Ngày tải lên: 24/10/2013, 09:20

... completed plan THE FOUR UNIQUE PHASES IN PLANNING CYCLE A BUSINESS Sadly, the business planning cycle in most companies is not in step with the calendar, the execution of the work, or the need for planned ... the organizational plan is found in Appendix D: The 1-Page Organizational Plan The Resources Plan Analyzing the Support You Need to Put Your Plan Into Action The fourth of the five types of planning ... Successful Business Plan This chapter sets the stage for the development of the actual business plan document Five major elements of the business plan are defined in specific terms While the five...

Ngày tải lên: 24/10/2013, 09:20