Business plan: your operations

Your business plan also needs to outline your operational capabilities and any planned improvements. There are certain areas you should focus on.

Location
Do you have any business property?
What are your long-term commitments to the property?
Do you own or rent it?
What are the advantages and disadvantages of your current location?
Producing your goods and services
Do you need your own production facilities or would it be cheaper to outsource any manufacturing processes?
If you do have your own facilities, how modern are they?
What is the capacity compared with existing and forecasted demand?
Will any investment be needed?
Who will be your suppliers?
Management-information systems
Have you got established procedures for stock control, management accounts and quality control?
Can they cope with any proposed expansion?
For more information see stock control and inventory and financial and management accounts.

Information technology
IT is a key factor in most businesses, so include your strengths and weaknesses in this area.
Outline the reliability and the planned development of your systems.
For more information see an introduction to IT.