Business planning Planning of operations in business

1. Business planningPlanning of operations in business Provided by CDI Macedonia

2. Objectives In this unit, we will have a look at business planning, purpose of making plans and planning of all operations in business

3. Learning outcomes At the end of this module you will be able to: • Know the purpose for making business plans • Know what business plan is and what includes • Know for which period business plans are made

4. What is a business plan? A business plan is a formal statement of business goals, reasons they are attainable, and plans for reaching them

5. Purpose for making Business plans and Budgets (1/4) To avoid risks which are around social farms, they should use modern business tools in their daily work. One of most important business tools, in fight with threats, is business plan. Business plan and budgeting are integral part of every contemporary business.

6. Purpose for making Business plans and Budgets (2/4) With every business plan and even in the worst, you will be in the forefront, because you can better see the planned activities and goals, and you will have a better overview of what follows in the period ahead.

7. Purpose for making Business plans and Budgets (3/4) In the period for which the business plan applies, you will have measures that will allow you to see at any moment how much you have achieved from the set, where you need to squeeze more, where you need to dedicate more, and where you have the best results.

8. Purpose for making Business plans and Budgets (4/4) In the preparation of every business plan, it is obligatory to make an analysis of the market from which a precise picture of the needs of consumers, demand and supply of competition will be obtained, as well as opportunities for cooperation with related companies. https://www.youtube.com/watch?v=NuFIMbGHvfQ

9. What the business plan include (1/3) Every business plan should be composted of narrative and financial part.

10. What the business plan include (2/3) Narrative part should be composted by following picks: • Summary • Description of the situation in business and company • Goals • Description of the products of services • Market analyses • Marketing plan • Production plan • Financial plan • Conclusion

11. What the business plan include (3/3) Financial part of business plan is incorporated in financial plan and include calculation of all parameters of business. Those parameters should be presented separately by the activity in one table – budget.

12. Period covered with business plan  (1/7) The business plan is made for exact work period of the social farm. This means that all data should be provided for the period which is covered with that business plan.

13. Period covered with business plan  (2/7) Short period- up to one year: When the period is shorter, data should be more detailed and more precise.

14. Period covered with business plan (3/7)  Medium period- from one year up to 3 years

15. Period covered with business plan (4/7)   Long period – from3 years up to 5 or more: For longer period data are more relative and they are mostly based on predictions.

16. Period covered with business plan (5/7) Most of the business plans for social farms are made for one year (short period), three years (medium period) and five years (long period).

17. Period covered with business plan (6/7) The business plans for different periods should be constructed by the same rules for every year. All above mentioned points should be included in every year of business plan.

18. Period covered with business plan  (7/7) In a financial part of business plan should be included cash flow for every year of planning period. This will give to the managers leading map for financial transactions in a coming period.

19. Thank you for your attention 