Business,Plan,Calendar,Develop business, insurance Business Plan Calendar
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Develop a calendar for the target dates for completion of thebusiness plan by segment. 30 days is a reasonable amount oftime to complete your plan. Most business plans take between40 to 120 hours to complete. Allow two weeks for others toreview the plan and give you their suggestions for improvementsand then an additional week to incorporate those improvementsinto your business plan, and for a final read through and proofing.You can work on more than one part of the business plan at thesame time. You can research say, competition while you writethe industry section.Assuming you start the business plan on October 1, your calendarcould look something like this:October 1 Day 1 Start Business Plan and Business PlanAccomplishments CalendarDay 2 Begin Industry and Economic Review ResearchDay 4 Complete Historical Background of the Company SectionYou already know most of the information about the historicalbackground of your own company, it should be a matter ofconsolidating the information, editing it and then polishing.You can probably write this in just a few hours.Day 6 Complete Industry and Economic ReviewDay 7 Begin Competition Analysis ResearchDay 9 Complete Management SectionMost entrepreneurs know who their management team will be,or what gaps they have in their management team, so thissection is relatively easy.Day 10 Complete Business Model SectionAgain, you should have this pretty well defined just byhaving determined that you?re going to start the company.Day 11 Begin Research to determine pricing, costs, andprocesses for the product sectionDay 12 Complete Product/Service SegmentThe product section is usually one of the easiest forentrepreneurs.Day 14 Complete Competition SectionThis is the first section that may be a bit of a challenge.You?re halfway through the 30 days and you?ve completed sixsections of your business plan.Day 15 Begin determining the Market and make a first attemptat financial projections.Day 17 Complete Operations, Production and Facilities SectionThis section is pretty cut and dried and shouldn?t be difficultto complete.Day 18 Continue Market determination, start Marketing StrategiesDay 20 Complete the Market SectionAnother section that can be a challenge but there?s time forrevision if necessary.Day 21 Begin Marketing Strategies and start refining revenueassumptions for financial projections.Day 22 Complete the Ownership SectionThis is one of the easier sections of the plan.Day 23 Begin seriously working on the expense assumptions forfinancial projectionsDay 24 Complete the first draft of the marketing strategiessection.Day 25 You now should have all the pieces in place to have arealistic first run at financial projections.Day 26 Complete the Marketing Strategies Section Refine projectionsDay 27 Complete the Financial Structure Section Refine projectionsDay 28 Complete Strengths and Weaknesses, Final proofing of allsectionsDay 29 Final Financial ProjectionsDay 30 Write Executive SummaryOctober 31 -- Day 30 Completion of Business PlanNovember 15 ? Day 45 Outside Reviews of Business Plan completed.November 21 ? Day 52 Final Business PlanThere, you?ve done it ? a business plan in 30 days. Article Tags: Business Plan, Financial Projectionsday
Business,Plan,Calendar,Develop