Prepare a business operating plan for any local level vocation.
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Answer:
The operations section of your business plan is where you explain – in detail – you company's objectives, goals, procedures, and timeline. An operations plan is helpful for investors, but it's also helpful for you and employees because it pushes you to think about tactics and deadlines.
In the previous course, you outlined your company's strategic plan, which answers questions about your business mission. An operational plan outlines the steps you'll take to complete your business mission.
Your operations plan should be able to answer the following:
Who – The personnel or departments who are in charge of completing specific tasks.
What – A description of what each department is responsible for.
Where – The information on where daily operations will be taking place.
When –The deadlines for when the tasks and goals are to be completed.
How much – The cost amount each department needs to complete their tasks.
In this session, we explain each item to include in your operations plan.