ive strategy - how you will succeed against them; how they will react to your entry into the market.
4. Company organization
4.1 Operations Plan
The operation plan deals specifically with the internal operations and equipment necessary to produce your product or service. The following are selected areas that need to be addressed in this section: Location: Where will your business be located? What square footage is needed, in how many locations? What type of space is it - office, warehouse, manufacturing, or a combination? What is the advantage, if any, of your location? At what point will the goals of the business exceed the above-mentioned facilities? Provide a layout of your facility in the appendices of your business plan. Equipment: outline and describe the significant equipment needed, including cost. What does the equipment do, how do the pieces function together, and how much can be produced? Will you purchase or lease your equipment? Why and from whom? Be sure to include manufacturing equipment, vehicles, computers, and office equipment. Labor: How many employees will you need? Full-time? Part-time? Break them out by function, number of hours worked, and hourly pay. Describe the skill sets needed. What are the salaries of those in management, production, distribution, sales and administration? Will you run multiple shifts? What are your hours of operation? What criteria are used to locate and hire quality employees? Manufacturing and Service Process: Walk the reader through your manufacturing and service process from raw material through finished product. Where will you obtain and store raw materials? Outline your key suppliers, the purchasing process, and unique purchasing requirements. Where will finished goods be stored, and what is the associated space and cost? How will finished goods (or services) be distributed? What is the lead-time for the entire process? How will quality be measured, controlled, and improved? Explain the technology requirements for your manufacturing process.including a start-up schedule, or if you are currently in business provide a schedule as to how your future plans will progress over the next 12 to 18 months. You may wish to include a chart in your business plan that outlines the time frame associated with specific operational steps and goals. br/>
4.2 Management
Investors 'in people rather than products, so sell the management team. Describe the management team at the initial stage and plans for the near future, including coverage for the owner s unforeseen absence (sick time, etc.) During critical periods.good management team can take even a mediocre idea and make it work. In fact, strong entrepreneurial teams have been known to move from business idea to busi...
