Time is a resource that can’t be gained back, which is why it’s essential to track … The template may also be used with seeking financial support from the University, or from outside investors. This template is provided to assist you to prepare a Business Plan for approval. You’ll also have to know enough about the process to be sure you’re getting the numbers in the right place. Describe your business and how it fits into the industry. Smartsheet is a cloud-based platform that allows teams and organizations to plan, manage, and report on projects, helping you move faster and achieve more. The template can guide your research process or be used as a simple brainstorming tool. All Rights Reserved Smartsheet Inc. Your business plan is the foundation of your business. You can use these templates to create a variety of business … However, for a small business, it's best to keep the plan short and concise, especially if you intend to submit it to bankers or investors. A corporate business plan for a large organization can be hundreds of pages long. Examine the relationships between your strengths, weaknesses, opportunities, and threats, and then list related strategies to tackle your goals. Soon to be by Smartsheet. There are benefits of strategic planning, including the following: One way to think about strategic planning is that it identifies any gaps between a current state and desired future state, and then dictates how to close those gaps — how you get from where you are to where you want to be. This matrix template combines SWOT analysis with strategic planning. Report on key metrics and get  real-time visibility into work as it happens with roll-up reports, dashboards, and automated workflows built to keep your team connected and informed. The success of your organization — no matter what size or industry — depends on the thoroughness of your planning and vision. Organizations want to develop strategic initiatives because it gives them a way to achieve specific objectives. You’ll even find a business plan template for specific industries including business plan templates … In the following sections, you’ll find free, downloadable planning templates for business, nonprofit, human resources, marketing, IT strategic planning, and more. The role of the committee is to shape initial ideas into a smaller and clearer set of goals, strategies and supporting initiatives … Align the goals of a department or project with larger business goals, Provide clear communication to team members, stakeholders, or clients, Clearly define the vision and mission of an organization, Provide clarity on how to deal with internal or environmental changes. Elevator Pitch. Pricing can be based on markup from cost, value to the buyer, or in comparison with similar products/services in the marketplace. Join us for a re-imagined, innovative virtual experience to get inspired, get connected, and see what's possible. Download Nonprofit Strategic Plan Template. ‌ Download Strategic Marketing Plan Template. The layout of this template allows you to view the SWOT categories and strategies side-by-side, which may be useful for a presentation or summary. For manufacturing, explain how long it takes to produce a unit and when you'll be able to start producing your product or service. Strategy roadmap (or Business roadmap) template A visual representation of the key moments that mark your strategic business initiatives is extremely useful, especially if you need to include different … Discover an easier, more collaborative way to create project plans. There is still going to be a lot of work involved. Balanced Scorecard Perspectives PowerPoint Template. Briefly outline your financial projections for the first few years of operation. If you need guidance, a Business Plan Example of the Industry Overview will prove useful. Will you be selling wholesale or retail? Describe how you intend to price your product or service. ‌ Download Social Media Strategy Plan Template. Strategic initiative charters are different than typical project and program charters that are expecting a pre-determined result. Use the template as a guide for evaluating your business, identifying opportunities for growth and development, and creating a strategic plan. Estimate the volume and value of your sales in comparison with any. Use this template as is, or edit the layout or included information to better suit your needs. Use the template to translate strategies into measurable action plans. Include brief resumés. Title: Business Mapping Application Development Strategy (ongoing) Contact: Alex Wood (Precision Geographic Inc.) Desired Project Timeframe: Q1-4 2015 . Include the. At the end of the day, the benefit derived is simply not worth the effort (just ask those involved in business process re-engineering initiatives … Detailed market research and analysis of competitors, Copies of mortgage documents, equipment leases, etc. A one-page strategic plan is perfect for small businesses or for summarizing a longer planning process. For a one-person, home-based consulting business the operating plan will be short and simple, but for a business such as a restaurant or a manufacturer that requires custom facilities, supply chains, specialized equipment, and multiple employees, the operating plan needs to be very detailed. The template may be modified to suit your specific purposes, and your target audience. Business PowerPoint Templates. Describe how you will manage inventory. Do this on a monthly basis for at least the first year for a startup business. 9. The business plan template below is broken into sections as described in the table of contents. Strategic Business Initiative Plan (Sample) Date: August 2014 . Cloud-based business plan templates are available in Aha! Introduce your company and the management and ownership. For a new business, these are forecasts. If addressing to a company or individual include: Executive Summary..............................................Page #, Business/Industry Overview.................................Page #, Market Analysis and Competition........................Page #, Sales and Marketing Plan....................................Page #, Ownership and Management Plan.......................Page #, Operating Plan.....................................................Page #, Financial Plan.......................................................Page #, Appendices and Exhibits......................................Page #. The operating plan outlines the physical requirements of your business, such as office, warehouse, retail space, equipment, inventory and supplies, labor, etc. Timeline template. The actual strategic plan may cover multiple pages and provide an in-depth analysis and detailed mission and vision statements. Scope, impact, and interdependencies. Any team at your business can sneak a peek at this roadmap to understand how the rest of the organization will participate in “biz dev” and thus, plan their initiatives accordingly. If you already have a business logo you can add it at the top or bottom of the title page. The target market description and competitive analysis portions can be two separate sections in the plan or combined as shown: A description of how you intend to entice customers to buy your product(s) or service(s), including advertising/promotion, pricing strategy, sales and distribution, and post-sales support if applicable. Strategic planning may be utilized on a large scale, such as planning for business growth over several years or to help a nonprofit or governmental organization reach its stated mission. ‌ Download University Strategic Plan Outline. Pros of using a business plan template: A good business plan template can help you get your thoughts organized. Describe managers and their roles, key employee positions, and how each will be compensated. Download Strategic Business Plan Template. Strategy. Finally, merging data from Excel spreadsheets into your Word document is harder than it looks. Free your team from content sprawl with Brandfolder, an intuitive digital asset management platform. Potential money lenders and investors want solid research and analysis, not long, wordy descriptions. Use this free template to help shape your marketing strategy. How should this initiative be funded? Give descriptions of major suppliers if needed. Including a breakeven analysis will demonstrate to financiers or investors what level of sales you need to achieve to make a profit. A template provides structure for your business planning process as well as a communication tool that’s simple to update or modify. The purpose of strategic planning is to provide a thoughtful, deliberate approach to reaching objectives based on an in-depth analysis of both internal and external factors affecting an organization. It combines information on your target market and business with marketing tactics to help you think strategically and create a plan of action. A strategic plan can provide a roadmap for accomplishing specific goals, and will increase your chances of reaching objectives on time and budget. Describe the need for your products or services. Summarize your strategic vision and plan, highlighting key information for stakeholders, management, investors, or for your own reference. Learn about our premium resource and portfolio management platform, 10,000ft by Smartsheet. Describe how you will distribute your products to the customer (if applicable). The appendices and exhibits section contains any detailed information needed to support other sections of the plan. 7. Milestones can clearly highlight the KPIs the business … A strategic plan can also be used on a smaller scale, such as crafting a marketing plan or developing strategy for the goals of one department within a business or organization. You can turn to How to Write the Competitor Analysis Section of the Business Plan for help. A strategic plan often covers multiple years, addressing both short- and long-term goals. A template provides structure for your business planning process as well as a communication tool that’s simple to update or modify. The cash flow projection shows your monthly anticipated cash revenues and disbursements for expenses. Pricing has to be competitive to attract customers but high enough to cover costs and generate a profit. And a well-defined business … Briefly describe the customer base you will be targeting and how your business will serve those customers. Keep track of KPIs and adjust your social media plan accordingly. Combining a vision statement with a brief summary of goals, actions and KPIs makes it easy to see how your business values and purpose relate to your objectives. This article is a critique of, “agile thinking,” with examples provided for a strategic initiative at Corning: Agile Business Innovation. done in an organization; those initiatives often fall flat, take too long and cost far more than anyone anticipates. ‌ Download IT Strategic Planning Template. Worksheets are appended to this template … That best way to find out whether you do or not is to do your research and write a business plan to see if your idea is feasible. He provides practical advise such as the "two page" rule and outlines 12 elements that should be found in a strategic initiative … If using Windows, outline the text to be selected with the mouse and hit CTRL+C to copy and CTRL+V to paste. What strategy do you propose to complete this initiative? The income statement shows your projected revenues, expenses and profit. Include factors that may affect the time frame of production and how you'll deal with potential problems such as rush orders. The financial plan section is the most important section of the business plan, especially if you need debt financing or want to attract investors. So, if you don’t already know what you’re doing with the numbers, the process of writing your business plan may not be that much easier with a template. List the different media you will use to get your message to customers (e.g., What marketing materials you'll use such as. Jump-start new projects and processes with our pre-built sets of templates, add-ons, and services. Initiatives. Susan Ward wrote about small businesses for The Balance Small Business for 18 years. Initiative Proposal Template Ver. Our world-class consulting team is here to help your organization realize the lasting advantage of Smartsheet. include a description of the materials needed and how you will reliably source them. When teams have clarity into the work getting done, there’s no telling how much more they can accomplish in the same amount of time. The executive summary goes near the beginning of the plan but is written last. A good rule of thumb is to underestimate revenues and overestimate expenses. Describe your product or service, how it benefits the customer, and what sets it apart from competitor offerings (i.e., what is your. Business plans are important tools to help develop and refine your strategic thinking. 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