Successful Implementation Starts with a Good Plan

Chapter 1: It's About Results - Page 1.3

Successful Implementation Starts with a Good Plan

There are elements that will make a plan more likely to be successfully implemented. Some of the clues to implementation include:

Is the plan simple? Is it easy to understand and to act on? Does it communicate its contents easily and practically?
Is the plan specific? Are its objectives concrete and measurable? Does it include specific actions and activities, each with specific start and completion dates, specific persons responsible and specific budgets?
Is the plan realistic? Are the sales goals, expense budgets, and milestone dates realistic? Nothing stifles implementation like unrealistic goals.
Is the plan complete? Does it include all the necessary elements? Requirements of a business plan vary, depending on the context. There is no guarantee, however, that the plan will work if it doesn't cover the main bases.

Uses of Business Plans

Preparing a business plan is an organized, logical way to look at all of the important aspects of a business. First, decide what you will use the plan for, such as to:

Define and fix objectives, and programs to achieve those objectives.
Create Regular business reviews, and course corrections.
Develop and establish a new business.
Support a loan application
Define agreements between partners.
Set a value on a business for sale, or for legal purposes.
Evaluate a new product line, promotion, or expansion.

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