4 Elements to include in your Business Operational Plan: Management and organization Who is going to manage the business? Include professional and advisory support positions, such as board of directors, attorney, accountant, insurance agent, banker, bookkeeper, mentors, key advisors, etc. How much money will be contributed by each investor What ownership percentage will each investor…
DetailsWhat is an operational plan? An operational plan describes the daily operations of the business, such as its location, equipment, people, and processes. The business plan usually touches on these specific topics, but in the operational plan you will want to go into more detail about your business’s location, equipment, inventory, suppliers, etc. In…
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Identify the customer groups for your business. Of course, your customer groups depend on whether you plan to sell directly to consumers or if you sell through a channel of distributors, wholesalers, and retailers. In your business plan include your targeted customers, their characteristics, their geographic locations/demographics. For each customer group (you’ll probably…
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Research, research, research, then develop a marketing plan! Sounds simple enough, right? NO! A lot goes into marketing a business, especially if it’s a new business or if you plan to market a unique product. Researching your business’s market space will enable you to know your intended market and how to appeal to potential…
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So, I’m writing this blog after having read the following report from a website called “North Carolina Health News,” detailing mandatory interlocks for all DWI convictions. There are several different issues I have with this report, but overall, it is conveying that a task force within the North Carolina Department of Health and Human Services…
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