Monitoor the Readiness of Your Business Plan
Business plans are like CVs; they should be comprehensive and kept up to date. They should be active management tools, providing guidance on strategy and expenditure.
Use this assessment repeatedly to monitor the readiness of your business plan. It covers each chapter in your plan, with an additional section for when you are seeking to raise capital.
Free Online Assessment
Find out your readiness in the following key areas:
Background
Provide a background statement with history of the company and purpose of the business plan.
Product or Service
Description of the main products or services in layman's language; what is to be sold for what purpose.
Market
Describe your market generally and its future prospects, size and the anticipated growth.
Marketing
Marketing involves identifying a need and planning to satisfy it.
Production Process
Set out how you propose to deliver your product or service.
Financial Information
Include your latest accounts, assumptions and forecasts.
Management and Personnel
Describe the management's capabilities and ability to achieve the objectives they have set.
Risk Factors and
Rewards
State the risks inherent in the business and steps taken to mitigate them.
Timescales and Benchmarks
Timescales and benchmarks underpin your plan and help with subsequent monitoring.
Fund Raising
A business plan is a key tool in fund raising but only part of the package required.
ThreeTicks Academy
ThreeTicks Academy is the learning and development portal of Brefi Group. We help ambitious managers, directors and boards become more effective by providing distance learning products and services designed for busy executives.
We recognise that keeping up to date can be a chore if it requires setting aside extensive special study times. That's why our products have been designed in chunks of no more than 20 minutes - they can be consumed while you take a coffee break or listen in the car or on the train.
Shine a light on your strengths and development needs
This Scorecard has been designed to help evaluate your personal effectiveness as a manager. Use it to identify training and development opportunities to improve your performance
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