STRATEGIC BUSINESS PLANNING

A strategic business plan is much more than a tool to obtain financing-it’s a planning tactic used to translate all of those ideas locked up in your head onto paper, whether it be via Alternative Business Funding or by more traditional means.
Preparing a strategic business plan helps more than just you.

A strategic plan clarifies the vision for your company (i.e. a llc vs inc decision) and ensures key leaders are “on the same page”-keeping both management and staff focused on the tasks at hand.

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Strategic Business Plans are Needed When:

  • Starting a new venture, product or service
  • Expanding a current organization, product or service
  • Buying a new business, product or service
  • Turning around a declining business

The Strategic Plan provides a blueprint, describing your company, its products, the competitive environment, management team, financial health, and business risks.

BENEFITS OF A STRATEGIC BUSINESS PLAN

The plan allows you to:

  1. Identify and describe the target customer profile, features, advantages and benefits of your new venture, product or service.
  2. Justify that your plans are credible by fully researching the need being filled with your new venture.
  3. Develop marketing plans including full descriptions of targeted promotional campaigns with implementation timelines. For example, this could be implementing different marketing strategies for marijuana business or any new business of yours. You also get to examine market conditions, the nature of your customers, as well as your competitors, sales potential, and projected results of your promotional campaigns regarding whatever business or industry you find yourself in.
  4. Develop staffing plans including identifying the key players, skills, attitudes and expertise needed to build the venture.
  5. Develop management plans including full descriptions of management systems and timelines for implementation.
  6. Develop financial plans including projected startup costs, operating costs, revenue, profits, and break-even analysis for the first 3 to 5 years.
  7. Projected financial plans allow you to effectively predict upcoming problems, or prevent them. In other words, the perspective gained through your Strategic Business
  8. Plan can make a significant contribution to your company’s success, and help you get the funding you require. In fact, most lending institutions and private investors will not even talk to you without a solid financial plan.
  9. Identify building and equipment needs including vendors and cost estimates. If you find you don’t have the money for an office, you can always look into a virtual office instead. This way, you can cut down on building and rental costs, and by choosing a mail forwarding address, you can still maintain professionalism with clients.
  10. Formulate company milestones including timelines for upcoming products and services in development.

HOW TO GET STARTED

Let us help you develop a powerful Strategic Business Plan that drives your business to the level of success you deserve.

“He who fails to plan is planning to fail.” – Winston Churchill

Request a Free Consultation by contacting us.