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8. Business Plan Format, Section 8:
Operational Plan (2 pages)
Explain the daily operation of the business, its location, equipment, people, processes, and surrounding environment. The operational plan in a standard business plan format describes how the business functions on a continuing basis, as well as the capital and expense requirements related to the operations of the business.
This section will vary depending on the nature of the business but some the more generic items that can be presented include:
- A description of the operating cycle that describes what the organisation will do to deliver its service or create and sell its product
- A description of where all the necessary skills and materials will be sourced
- What will be outsourced, what relationships are in place and how those relationships will be managed
- The cash receipts and cash payment cycle of the business
You can include a number of financial tables in the plan, including the operating expense table, the capital requirements table and the cost of goods table.
You should also highlight any potential benefits or pitfalls to the community such as new job creation, economic growth and possible effects on the environment from manufacturing and how they will be handled to conform with regulations._