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Operational Business Plan

Strategic business plans are essential to help you chart the course of your business over the next few to several years. They should be flexible. They’re not meant to be voluminous with pages and pages of data that could be obsolete in several months. A strategic business plan is there to help you address the “what ifs” and get you thinking about your options, your market, your competitors, the way you go to business. If you write a strategic plan and review it a minimum of quarterly, you’ll be better at keeping your finger on the pulse of your business and industry and able to make changes, rapid or otherwise, accordingly.

Plan

In tandem with a strategic business plan, for those whose businesses are either growing rapidly or have grown so much that the infrastructure is either non-existent or in extreme disarray, is the operational business plan. The operational business plan is typically much longer than a strategic business plan because it covers all the operational areas of your business – from finance to production to sales to customer service. It documents the “how we do what we do”.

I briefly skimmed (see, I admit when I don’t fully read something!) an article on Inc.com on operational business plans. What I liked most was that they included a link to an operational business plan template used by the subject of the article. If you’ve never seen such a plan, this gives you an introduction to what one looks like. Here’s the link: http://viewer.docstoc.com/.

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About Tiffany C. Wright

Hi! I,Tiffany C. Wright, am the author of the ebook, "Help! I Need Money for My Business Now!!" and the book "Solving the Capital Equation: Financing Solutions for Small Businesses", available on Amazon. I am the president of Toca Family Business Services, a short-term & project-based interim management & strategic and financial advisory firm, located in Atlanta, Georgia. In the past five years I've helped small and medium companies restructure and obtain over $31 Million in financing and a similar amount in purchase orders and contracts. I have an MBA in Finance and Entrepreneurial Management from the Wharton School of Business at the University of Pennsylvania and a B.S. in Industrial and Systems Engineering from The Ohio State University. Personal: I enjoy investing. I am a prodigious reader of everything from business books, magazines, and newspapers to horror and popular fiction. I read 4-6 books per month. I also love to travel. I've been to 33 countries on 5 continents and lived in Japan for 2.5 years and aim for a foreign locale twice a year. I am also an athlete and run track on the Master's Circuit. The highlight was placing 7th in my age group in the 2007 World Master's Track and Field Championships in Italy.

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The Resourceful CEO, Tiffany C. Wright

the president of Toca Family Business Services, a strategic and financial advisory firm which provides short-term & project-based C-level management. She is the author of Solving the Financial Equation: Financing Solutions for Small Businesses, available on Amazon.

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