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Detail your direct costs and gross profitability in your operating plan, even though other sections of your business plan cover financial considerations in greater depth.After covering your cost of goods sold, expand on your pricing model and its significance in your marketing efforts.
Services can be performed in dedicated outlets such as nail salons, for example, or they can be performed on customers' premises, as is the case for electrical contractors.
After-sale service is an operational reality for both sellers of goods and service providers.
Also, if you are responsible for writing the business plan, you could identify certain challenges and find solutions to them, it will also ensure that you know every single aspect of the business, which is critical when meeting with potential investors.
You may need assistance putting together the financial information if you don’t have a financial background, but make sure you get an accountant to explain what all the figures mean.
Operating plans are often included as a single section in a broader business plan, but you can also create operating plans by themselves to work out the specifics of new product launches or new lines of business.
The specifics of creating an operating plan vary depending on the type of business you are in.This is important regardless of whether you have previous experience in that particular industry.You can use the Internet, industry experts and associations, suppliers and existing competitors for the information.Although there is a fairly well accepted structure for a business plan format, there are many ways of putting it down on paper.There are three primary parts of a business plan: Your contents page should be the very last thing you write to ensure that all the page numbers are correct.David Ingram has written for multiple publications since 2009, including "The Houston Chronicle" and online at As a small-business owner, Ingram regularly confronts modern issues in management, marketing, finance and business law.However, there are a few general guidelines that all entrepreneurs can follow, while adapting their own plans for their specific needs.Start your plan by describing the inputs you require to sell goods or services, and exactly how you will go about acquiring them.Go into detail about any planned price promotions and the impact they will have on sales volume and overall profitability.List any cost advantages you have over direct competitors, such as long-term price contracts with suppliers or cost advantages in the area of distribution Think of this piece as evidence that your operations will produce a gross profit, leaving considerations of overhead, taxes, salaries and other fixed expenses out of the equation.