Operational
Plan: Mistakes to Avoid
Here are some of the most common mistakes found in the operational
section of business plans:
- Failing to clearly outline the process
by which you manufacture, distribute and sell your product
or service.
- Failing to account for all production
costs (direct and indirect).
- Failing to assess the manufacturing
process in terms of manufacturing costs, taxes, shipping,
installation, maintenance, serviceability, etc.
- Failing to develop adequate inventory
control and quality assurance guidelines.
- Failing to identify all machinery and
equipment needed.
- Failing to properly plan the layout of
the plant, the workflow process, and the material handling
procedures.
- Failing to properly outline personnel
management, scheduling, and hiring practices.
- Failing to properly plan for contingencies
to meet production and staffing challenges.
- Failing to plan for long term facility
and equipment changes.
For more information about preparing the operational
section of a business plan, check out:
Email us at BizPlanIt if you have comments or suggestions
about our Virtual Business Plan.
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