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How Project Planning Forms Business Plans

By Edited Dec 1, 2015 0 0

Planning A Project In Sync With Funding Goals

Project planning is the epitome of all ideas, products, services, and remains perhaps the most imperative step in the entire project itself.  Not many people will survive walking into a war with a butter knife, and this is how a project without prior planning is going to turn out.  Therefore, we need to back up and begin the entire process from the entire notebook full of your scribbles and dreams, and rework the process from the top, leaving no stone unturned.  Following some form of plan, when constructed correctly, will be used for so much more than just a project launch.  Here is how project planning forms business plans and marketing initiatives for the long-term.

Initially, you are going to want to gather as much initial information about the industry that you will attempt to blanket with your services or product offerings, finding out every last detail from what the competition offers, their customer service, how they treat their employees, how they market, and more.  It may behoove you to act like a customer to get the ball rolling properly.  Once all of this data is collected, it needs to be kept to the side while you are recruiting like-minded friends, family, or anyone you may want to interact with, that is willing to invest their expertise and time into the venture.  These panel of people are going to be your 'brainstorming crew', of sorts, and will help take the data you just collected to the next level.

Once this legion of willing bodies is formed, it is time to lay out the idea you have, and what you know about them.  While you are discussing the concept, you will be simultaneously writing a marketing and business plan, first in the form of a rough draft outline.  Ultimately, the goals and purpose you discuss will go towards the executive summary portion of this funding tool and long-term operations manual.  Clearly define the projections you believe will be expected, what each person's role in the company or business principle will be, if there will be a future initial public offering of stock, and every little grain of the business foundation.  In this you are not only solidifying a funding possibility, but establishing micromanagement objectives, too.

Once the business plan formation and marketing plans are finished on the draft, it needs to be written professionally.  Consider outsourcing this writing to a company that can get the whole thing done for a cost that you anticipated spending out-of-pocket for this endeavor.  Once complete, hand a copy of the business plan to each person in exchange for a signed NDA, allowing them to read it.  From this master business plan, each department should also write their own ongoing modus operandi and allow the CEO, or principle, to view and adopt it into policy.  Now that each department has their own plan, and the project itself has been scripted to perfection, you are pretty much ready to take this entire packet of information to the bank, angel investors, friends, family, or even organize a fundraiser to gather the start-up capital necessary to launch your dreams.



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