Business planning is a challenging and time consuming effort by small, medium and large businesses. One of the most important benefits is getting ideas down on paper. Research and review of competing organizations around the world can provide good information. Some people use R&D (research & development) while others use rob and duplicate best ideas.
One recommended one page business plan has the following sections:
Vision-where do we want to be in five years
Mission-1 line description of the purpose of the business
5 Objectives-1 line measureable objectives such as revenue, profit, # of customers; for the first 2 years
5 Strategies-how will the objectives be achieved i.e. what 1 line description of methods
5 Plans-tasks to be performed to exectue strategies to include a completion date
Such an approach could be used ina simulated business such as available in www.sim-u.com
Learn Business Incorporated Blog
Online course ideas, simulations, business games and assessment tools for higher learning for business education and training. www.sim-u.com, learnbusiness.com, 1-877-819-SIMU
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