As the owner-manager you have to answer them and draw up your business plan.
A business plan is an exciting tool that you can use to plot a "course" for your company. But, few business people would be able to say that those are the only reasons. If you're starting or expanding a business, you have enough to think about.
A Manufacturing Company business plan can provide the owner-manager or prospective owner/manager of a manufacturing firm with a pathway to profit. Technology, the marketplace, and even people themselves have become more complicated than they were 100, or even 25, years ago.
This guide is designed to help an owner-manager in drawing up a business plan. Common sense must be combined with new techniques in order to succeed in the space age.
The executive summary as the title says summarises the overall plan for your manufacturing business.
It includes the following important elements The economy: - The external research includes factors about the economy specific to manufacturing in your sector.
Plan out the main 6-8 objectives for your manufacturing business over the next 12 months.
These may be to launch the business, launch a new production facility, enter a new market or open a new plant.
And, above all, make changes in your plan on these pages as that plan unfolds and you see the need for changes.
Use this Guide to get your ideas and the supporting facts down on paper.