My Daycare Center will offer a secure, loving environment for children ages three months to six years and will be staffed by child care professionals trained in early learning programs and curricula.
What is an Operational Plan?
An operational plan describes how the company or organization will achieve the goals, objectives and strategies described in the larger strategic or business plan.
The operational plan includes all actions that are needed to meet the strategic plan objectives, personnel responsible for carrying out the described actions, and the timing, costs and KPIs key performance indicators that align with these actions. The operational plan must be reviewed and updated regularly to ensure that the company is meeting outlined objectives.
Sample Business Operation Plans As with our other examples, for our first sample we are going to use our fictional company, Terra Engineering for this operations plan example.
Included are the general operating procedures, human resources, insurance, and working capital requirements of the business. Also included is a table outlining the office space requirements, asset acquisition and an outline of Terra Engineering's operational workflow.
Terra Engineering will be operational year round. Smith will be the sole employees of Terra Engineering for the first two years of operation. When additional human resources are needed, Terra Engineering has identified the persons qualified and able to assist on a contract basis for the same rate as the owner.
Wes Aaron, and environmental engineering technician will be sub-contracted to complete work as needed. It is estimated that Mr. Aaron will eventually be hired full time by Terra Engineering once demand warrants growth.
Leanne White holds a Masters in Environmental Engineering and will also be sub-contracted to perform work for the company. Eventually, Terra Engineering intends to hire Mrs. Charles Pearson holds a Bachelors of Science Degree in Environmental Engineering and has a vast technical experience base in the environmental assessment area and will be retained when needed.
Also at this time, an administrative assistant will be sought. A professional user of Auto Cad will be sought to perform various jobs for the company. It is unknown at this time who will fill this position, however, job advertisements will be put in the local papers and organizations to attract a good pool of respondents.
Once hired, all employees will be covered by the Workers Safety and Insurance Board and covered for Employee Benefits. Insurance Requirements Terra Engineering will have to incur costs for business liability insurance.
Operating Capital Requirements Due to the demands imposed at start up, Terra Engineering will require that the business have sufficient working capital to meet all operational responsibilities of the business for the first three months.
Also, throughout the year there tends to be periods of low activities. Consequently, the company will experience financial pressures during these months. While much of this time will be spent developing proposals and marketing strategies, there will be a need to maintain sufficient working capital to cover these periods.
A long term strategy to maintain a positive cash flow during these periods will be to diversify the company and develop environmental training programs for certain communities. These training programs will be given during these months. In addition, Terra Engineering will require specialized environmental equipment.
These are the estimated costs associated with those investments: Further, the equipment may be leased out to partner associates during times of low activity.
Operational Workflow As with any consulting firm, the operational workflow for the business is quite uniform and simple to follow. The following is a step by step outline of how contracts are completed on a regular basis: Therefore, communication is made by the contract to the successful consulting firm.
The above operational workflow is very standard, easy to understand and within industry's norm. Terra Engineering will accept cash, cheque and visa payments. These payments are well within industry standards.
The business will provide credit to larger account holders. It is estimated that the length and terms of payments are net 30 for all clients. This will allow the business to avoid cash flow problems. Operational Plan Sample for a Restaurant Bob's Restaurant will be open 7 days a week for lunch and dinner requiring multiple shifts.9 Steps to Creating a Strategy for Long-Term Growth.
or if it’s an opportunity or new direction for the business. 9. Make Time for Long-Term Planning. Let’s face it. We’re all busy.
you may also find Small Business BC's Business Plan Review for Vancity Loan Applicants service helpful. How to write the financial plan section of the business plan: the income statement, cash flow projections, and the balance sheet (templates included). Long-Term Liabilities Business Plan Tips: A Sample Industry Overview to Help You Write Yours.
Our Best Money Tips, Delivered. Email Address. long-term aim of the new business. >> Objectives. Ana Vieco will serve as the center’s Child Care Teacher (as defined by Maryland state regulations), and will develop the center’s educational programs and curricula and lead the learning sessions on-site.
Examples of Strategic Objectives By Erica Olsen remember that strategic objectives are long-term and should be aligned with your organization’s mission and vision.
Develop and implement a promotional plan to drive increased business. Alliance Management: Establish one new strategic alliance annually.
This Small Business Plan Sample will help you write your business plan in the correct manner. You will get to see what a business plan really looks like. And also see how it can help you. For those of you who haven’t read my previous posts on this topic, I’ll briefly bring you up to speed. I wrote a post on Music Think Tank Open that was transferred to the main page (an honor in my book) called How to Write a Music Business Plan. It was a bit fluffy like this one might end up and. The following document is a sample of a finished business plan. In your final plan, you have the opportunity to elaborate on those ideas in your outline that you feel are most integral to your business. This is well above the numbers we are anticipating in the business plan. Long-Term Goals. Sample Business Plan Table of Contents.
A construction business plan can provide the owner-manager or prospective owner-manager of a small construction firm with a pathway to profit.