GrowthConnection  

Business Plan Specialist
for Entrepreneurs

                    
               

Making the Transition from Business Plan to Operating Plan

What We Do:
Review Business Plans
Develop Business Plans
Investor Presentations
Custom Research & Operational Plans
"Rick Van Ness helped our company attract serious interest from key Venture Capitalists.  Rick provided great focus, high energy, and doggedly pursued answers to tough questions.  He was one of the smartest investments we made."
- John Mayse, CEO
  US Wirefree, Inc.
  Olympia, WA

 
"Our team began writing the plan using a template and soon recognized the need for a more professional direction.  The focus and results we achieved from Rick's involvement and dedication to detail were a much welcomed improvement."
- Jack W. Piippo
  Missoula, MT
 
"Rick Van Ness dives into projects with gusto and enthusiasm.  He creates great results in very short time."
- Douglas Finlayson, M.D.
  Seattle, WA

 

Once your company is up and running, convert the business plan to an operating plan. Start by simply renaming the plan as an operating plan and then religiously keeping it updated, using it as an operational guide on a continuing basis.

The operating plan keeps both management and staff focused on the tasks at hand. The parts that are pertinent to various departments can be pulled from the master plan and passed on to the appropriate staff individuals responsible.

This operating plan, or working plan, is a tool to be used to operate your business.  It has to be long on detail but may be short on presentation.  You can afford a higher degree of candor and informality when preparing a working plan.

A plan intended strictly for internal use may also omit some elements that would be important in one aimed at someone outside the firm.  You probably don’t need to include an appendix with resumes of key executives, for example.  However, internal consistency of facts and figures is just as crucial with a working plan as with one aimed at outsiders.    

Confront the brutal facts with honesty.  The essence of the process is to get the right people engaged in vigorous dialogue and debate, infused with the facts and guided by insightful questions.

Continuous updates should be given top priority in all entrepreneurial companies. The basic plan should be reviewed quarterly--at minimum, semiannually. Remember, for investors, the business plan is what they buy into. It becomes the benchmark for accountability. They intend to hold management responsible for achieving the goals and objectives that are set out in the plan.

Changes are inevitable as the company achieves full operation. In some cases, these changes will have only a small effect on operations. In others, they could result in a drastic shift in total company focus. Given the ultimate entrepreneurial goals, it's apparent that a continuing update of business plan strategy in the form of an operating plan helps keep everyone singing from the same songbook.

Learn More:

What is a Business Plan?
Why are Business Plans Important?
Why Does it Pay to Hire a Business Plan Specialist?
Making the Transition from Business Plan to Operating Plan

Call today.  Let's discuss how we can work together.


GrowthConnection, LLC
Seattle, Washington
(425) 347-4678