Operations

Examples of Operating Expenses (Marketing & Admin)

Operating Expenses:

Categories: Operations

Licences and Permits Operating Plan

LICENSES & PERMITS:

Categories: Operations

Production Process

PRODUCTION PROCESS

Categories: Operations

Types of Business Insurance

BUSINESS INSURANCE

The operating plan should indicate the all types of insurance your proposed business venture require. The type of insurance a business will need certainly depends on the nature of the business.   The operating Plan will simply list each type of insurance, the name of each insurance company, broker or agent, the cost of each type of insurance, when each insurance payment is to be paid, and the reason the business requires the identified insurances.

Categories: Operations

Example of a Bank Reconciliation (Rec)

Bank Reconciliation:

Categories: Operations

After Sale Service Business

AFTER SALE SERVICE:

Do you plan to offer any after sales services in your business?  If so, you will need to discuss your intensions under the Operating Plan of your Business Plan.  In general, after sales service means providing additional 'offerings' to the customer even after he/she has purchased your product. Many after sales services exist such as warrantees, repair services, restoration and cleaning, installation of product, removal of product from customers' premises, extended credit terms, and sales returns, just to name a few.

Categories: Operations

Copyright, Trademark, Patent

COPYRIGHT, TRADEMARK, PATENT

A copyright protects any literary, artistic, musical or dramatic work developed by its creators as indicated under the Copyright Act. For example, if you own a business that has developed a computer program, the literature in the computer program can be protected by a copyright. Or if you have developed a training manual on "How to Start Your Own Business", a copyright will protect the manual itself, thus discouraging others from copying the material and selling it to others.

Categories: Operations

Business Threats

BUSINESS THREATS:

The operating plan of your business plan should include a component called Business Threats.  A threat is an external factor (outside the business) that may effect the performance of your business. The most obvious effect would be a reduction in corporate sales. Often a business faces many threats, other then competition, when operating its affairs.

Categories: Operations

Capital Assets Operating Plan

CAPITAL ASSETS IN OPERATING PLAN

Capital Assets, also known as fixed assets, are economic resources that have long lives before they are "used up" or consumed. Examples of capital assets include; office equipment (computers, fax machines, photocopiers, etc.) office furniture (office desk, work stations, fixtures, etc.), buildings, automobiles, production equipment, land, and other assets that have an useful life of more than one business cycle.

Categories: Operations

Types of Business Structures

BUSINESS STRUCTURE OPERATING PLAN:

Categories: Operations
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