Business Plans – Questions To Consider – Part 3

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You wouldn’t go on a cross-country holiday without looking at a map to work out where you are planning to stop and what sightseeing activities there are on the way.  Planning the start of a business is no different.  You need a plan that you have sat down and thought about and then committed it to writing.  Here are few more questions to consider.

Resources

What resources have you got? 

What improvements are required? 

Review of office, shop, factory, warehouse, business premises:-

-         Are they satisfactory? 
-         Are they big enough to accommodate your projected growth? 

Do these resources project the correct “image”? 

How long is the lease for?  Is the location suitable? 

What are your plans for replacing your major machinery? 

Do you need to upgrade your computers or computer software?

 Uncontrollable Environmental Factors

that might affect your business:-

industrial relations,

currency rates,

government policies,

government legislation,

weather,

new shopping centres,

changed trading hours,

competitors.

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Business Plans – Some Questions to Consider

FOLLOW THE WHOLE SERIES

This post is part of the 50-part series “Business Plans – Some Questions to Consider” (yes, there will be 50 of them!).
Be sure to read the other parts of the series to get a full picture. You can follow the series along on the blog or read them first by subscribing to our popular Business Plus+ newsletter.

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Tagged as: business plan, Small Business