Introduction to business plans

Business TraineeshipA business traineeship will introduce you to business plans and give you the skills to create your own business and operational plans.

For any organisation to be successful various forms of planning must take place.

Business and strategic plans cover the long-term goals of the business, whereas the operational plans cover the short to medium term goals. Workflow and task plans cover the daily running of the business.

As plans become more short-term, they generally become more specific. Long term plans are developed by taking a ‘helicopter’ overview and looking further ahead and farther afield. This overview can also be applied to operational plans.

Operational plans usually look ahead one week to one year and so are shorter terms than the overall business plans they support.

Always remember that if you fail to plan then you might as well plan to fail!

Planning is the process of determining what steps you will take, when you will take them, and how you will take them in order to achieve goals. It asks the question, “what things must we do in order to attain our objectives tomorrow and into the future?” In organisations there are a number of planning functions – all of which are intended to achieve specific outcomes for the organisation.

Planning provides measures by which individual and team/section/divisional success is mapped against the organisation’s goals.

Whenever operational planning is taking place, it must be done with reference to the goals of the business. Operational planning should be carried out with the aim of achieving the goals set out in the business plan. Remember that operational planning involves determining how and who. This means that you will need to consider all of the resources available to you and how best to use their capabilities.

Undertaking a traineeship in business studies will give you the skills to develop effective business and operational plans.