Develop Your Small-Business Action Plan - dummies

Develop Your Small-Business Action Plan

By Steven D. Peterson, Peter E. Jaret, Barbara Findlay Schenck

Your business plan should include an action plan that outlines the sequence of all the steps you intend to take to implement your business plan, focusing first on the most immediate and pressing tasks you face.

A good way to approach your action plan is to look back at the strategies you selected to meet each of your goals and objectives. Break each strategy into steps and then prioritize which ones need to happen first, second, third, and so on. Put the steps in order, and you have an action plan.

To create an action plan, follow these steps:

  1. Detail the steps to get your financial house in order.

  2. Shortly thereafter, make sure your action plan addresses the process of putting together a top-notch staff.

  3. Define the actions you’ll take to establish your business, gain name familiarity, and build and polish your reputation.

    No doubt your business will face some degree of change over the time period covered by your business plan, so you want to detail actions that can help you manage the change your business will inevitably encounter.

  4. Define steps you’ll take to grow your business if, in fact, growth is among your goals.