Now, you might be thinking, "Hold up, what's the difference between an operating plan and a business plan?" I'm glad you asked, my friend! The business plan is like the big picture, the grand vision of what your business is all about. It's like the movie trailer that gives you a sneak peek of what's to come.
On the other hand, the operating plan is like the behind-the-scenes documentary that shows you all the nitty-gritty details of how the movie was made. It's the step-by-step guide that outlines the specific actions you need to take to make your grand vision a reality.
An operating plan is important because it keeps you on track, helps you stay focused, and ensures that you're taking the right steps to achieve your business goals. And remember, in the wild world of entrepreneurship, a little bit of planning can go a long way!
Our operational template has been created for you to personalise and use for your own business. You can use this template as many times as you like, chop and change as you go - however, you are unable to redistribute the template or sell it as your own.
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What's so important about a b-o-p?
You can let life steer you in any which way, or you can grab the reigns, gain back control, and create an intentional business.
Clear Direction: A business operating plan helps to define the company's goals and objectives, providing a clear direction for the organization.
Resource Allocation: It helps to allocate resources effectively and efficiently, ensuring that the company has the necessary resources to meet its goals.
Risk Management: A business operating plan helps to identify and manage risks, ensuring that the company is prepared for potential challenges.
Performance Tracking: It provides a framework for tracking and measuring the company's performance against its goals, helping to identify areas for improvement.
Communication: It helps to communicate the company's objectives, strategies, and tactics to stakeholders, including investors, employees, and customers.
Resource Attraction: Having a business operating plan can help to attract potential investors, as it demonstrates that the company has a clear and well-thought-out strategy.
Accountability: It promotes accountability within the organization, ensuring that everyone is working towards the same goals and objectives.