Every good business plan needs to describe how you plan to effectively run the company or business to ensure success. Whether you are writing the plan to try to seek money from lenders or investors or writing the plan for your own business use, you can benefit from creating a plan for productive procedures.
Every business needs a design and development plan where you include information about your company, a description of your product or service, product development, market development and organizational development within the company. You need to be able to show prospective investors, business partner, employees and yourself your plans and goals for producing your product or service and how you will properly market it.
This is also a section where you will include a budget and your plan to meet those budget goals. You don’t want your productive procedures section to be scattered and disorganized so taking some time to do this part right is very important. Each goal that you list should be viable to the success of the company and you then need to have the steps to fulfill that goal. Your goals need to be feasible so that they can actually be achieved and they need to contribute to the success of the company.
Product Development
What is your product going to be? Where and how will it be manufactured and developed? Do you have your own factory? Will you order it from another company? What are the costs involved? These are all answers about your product that you will want to include here. What will be your goals for the product itself?
What is your budget for developing the product? How much time do you have to get product out? What is a key feature or element about your product that makes it different or better than similar ones on the market?
Market Development
How do you plan to advertise, to market and sell your product or service? How will the product be priced? How does this pricing compare to similar products or services found on the market already? What is special about yours? Will you offer special discounts or pricing?
What are your plans for marketing and how to you foresee carrying out these plans? You need to provide a clear and thought out plan for how you will achieve these goals and include information about how you, your business partners and employees are qualified to do so.