Basics of business planning - sourceecommerce/title> <meta name="description" content="Simple basics of business planning. he act of applying long range strategic directions of an organization toward the development of shorter-term (generally annual), work plans, budgets and many more"/> <meta name="keywords" content="basics of business planning, short term operational planning, busienss strategic planning, Contingency Business Planning , profit making business planning, funtional business planning, tactical plan, operational plan"/> <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" /> <meta name="Distribution" content="Global" /> <meta name="Robots" content="index,follow" /> <link rel="stylesheet" href="css/interior.css" type="text/css" /> </head> <body>  <div id="wrap">  <div id="header">  </div> <div id="header-logo"> <div id="logo">Source<span class="red">ecommerce</span></div> <form class="search" action="http://www.sourceecommerce.com/Search.php" id="cse-search-box"> <p> <input type="hidden" name="cx" value="partner-pub-8540942605874156:7yzy3f-57b4" /> <input type="hidden" name="cof" value="FORID:10"/> <input type="hidden" name="ie" value="ISO-8859-1"/> <input type="text" name="q" size="31" /> <input type="submit" name="sa" class="searchbutton" value="Search"/> </p> </form> </div> <div class=topmenu> <ul> <li><a href="http://www.sourceecommerce.com/index.html">Home</a></li> <li><a href="http://www.sourceecommerce.com/women-business/index.html">Women in business</a></li> <li><a href="http://www.sourceecommerce.com/forex-trading/index.html">Forex Trading</a></li> <li><a href="http://www.sourceecommerce.com/products/index.html">Products</a></li> </ul> </div> <div id="sidebar" > <h1>Business Plan</h1> <div class="left-box"> <ul class="sidemenu"> <li><a href="http://www.sourceecommerce.com/business/plans/index.html">Business Plan Help</a></li> <li><a href="http://www.sourceecommerce.com/business/plans/sample-small-business-plan.html">Sample Business Plan</a></li> <li><a href="http://www.sourceecommerce.com/business/plans/plan-template.html">Free Plan Templates</a></li> <li><a href="http://www.sourceecommerce.com/business/plans/plan-software.html">Plan Software</a></li> </ul> </div> <h1>Business help </h1> <div class="left-box"> <ul class="sidemenu"> <li><a href="http://www.sourceecommerce.com/business-success/index.html">Success in Business</a></li> <li><a href="http://www.sourceecommerce.com/leadership/index.html">Leadership Skills</a></li> <li><a href="http://www.sourceecommerce.com/ecommerce/index.html">Ecommerce Help</a></li> <li><a href="http://www.sourceecommerce.com/products/index.html">Recommended Books</A></li> </ul> </div> <h1> </h1> <div class="left-box"> <script type="text/javascript"> </script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </div> </div> <div id="rightbar"> <h1>Sample Business Plan + Financial Sheets </h1> <p>Here is The Exact Business Plan & Financial Templates That most professionals Personally Used To Help Start A Thriving Small Business....100%<br /><br /> <a href="http://www.sourceecommerce.com/business/plans/sample-small-business-plan.html" target="_blank"><img src= "images/sm_book.gif" alt="" width="141" height="197" /></a></p> <p>Imagine having all the preparation done for you in advance! you won't have to spend time creating documents and developing formulas <a href="http://www.sourceecommerce.com/business/plans/sample-small-business-plan.html" target="_blank">Read More</a></p> </div> <div id="main"> <h1>Business Planning - Basics</h1> <script type="text/javascript"> </script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <p>by: sourceecommerce</p> <p>Business Planning has been defined as the establishment of objectives, and the formulation, evaluation and selection of polices, strategies, tactics and action required to achieve them. Business planning comprises long term/strategic planning and short-term operational planning.</p> <p>you can say that Business planning is a management-directed process that is intended to determine a desired future state for a business entity and to define overall strategies for accomplishing the desired state. Through planning, management decides what objectives to pursue during a future period, and what actions to undertake to achieve those objectives. </p> <p>The act of applying long range strategic directions of an organization toward the development of shorter-term (generally annual), work plans, budgets and associated resource allocation. You can devide into two types :</p> <p>1. <u>Profit making business Planning</u> : this is for Profit making strategies . it is a general business planning that must be done to start and run a successful business. The example of Proft making business planning is the business Plan.</p> <p>2. <u>Contingency Business Planning</u> : .it is not a profit oriented Plan Actually . A business contingency plan is a proposed implementation plan to deal with some new emergency, event or new information. </p> <p>Successful business planning requires concentrated time and effort in a systematic approach that involves:</p> <ul> <li>assessing the present situation</li> <li>anticipating future profitability and market conditions</li> <li>determining objectives and goals</li> <li>outlining a course of action</li> <li>analyzing the financial implications of these actions.</li> </ul> <h2>Classification Of Business Planning - Basic</h2> <p>You can classify Business planning into followings:</p> <p><b>1. Strategic plans:</b> Staregic Plan is the basics of the business planning . Strategic plans are concerned mainly with external problems, and in particular with deciding which products or services to produce for the market.</p> <p><b>2. Tactical plans: </b>Tactical plan is the part of strategic plan because Tactical plans are concerned with ensuring that the company’s resources are adequate for carrying out the strategic plans in order to reach the desired objective.</p> <p><b>3. Operational plans: </b>Operational plans are concerns with the way in which the company is to be run from day to day in order to optimize performance </p> <h2>Classification Of Business Planning - Functional</h2> <p>you classify Business planning with its functionality</p> <p><b>1. Sales and marketing Planning: </b>it si used for developing new products, services and researches to find them into there best positon in the market.</p> <p><b>2. Production Planning:</b>when we want to achieve a production target with the targeted period then we use this planning. </p> <p><b>3. Financial Planning: </b>this is for meeting the financing needs and providing for Capital Expenditures.</p> <p><b>4. Personnel Planning: </b>Personnel Planning is related to Human Resource Management </p> <br> <p> <a class="addthis_button" href="http://www.addthis.com/bookmark.php?v=250&pub=nkulash"><img src= "http://s7.addthis.com/static/btn/v2/lg-share-en.gif" width="122" height="16" alt="Bookmark and Share" style="border:0"/></a> <script type="text/javascript" src="http://s7.addthis.com/js/250/addthis_widget.js?pub=nkulash"></script> </p> <div class="rbottomnavigate"> <a href="http://www.sourceecommerce.com/business/plans/index.html">Business Plans </a> | <a href="http://www.sourceecommerce.com/business/plans/plans-knowledge.html">Find more knowledge </a></div> <div style="margin:0px; padding:1px"> <script type="text/javascript"> </script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </div> </div>  </div>  <div class="footer"> <p> <a href="http://www.sourceecommerce.com/index.html">Home</a> | <a href="http://www.sourceecommerce.com/home/about-us.html">About us</a> | <a href="http://www.sourceecommerce.com/home/contact-us.html">Contact Us</a> | <a href="http://www.sourceecommerce.com/home/privacy-policy.html">Privacy Policy</a> | <a href ="http://www.sourceecommerce.com/sitemap.html">Site Map</a> | <a href ="http://www.sourceecommerce.com/home/submit-knowledge.html">Submit Knowledge </a> | <a href ="http://www.sourceecommerce.com/home/term-of-use.html">Term of Use</a> <br> <a href="http://www.sourceecommerce.com/index.html">© www.sourceecommerce.com</a></p> </div> </body> </html>