Sample Business Plan: An Example

 

example of action plan for business

The Importance of Action Plans in Business. Having a business action plan in place can be beneficial for a number of reasons. Since the success of a business relies on its quest to stay committed toward a long-term goal, having a plan that you can follow is essential for the business and its . Aug 23,  · The following business plan for the fictional firm of "Acme Management Technology" (AMT) is an example of what a completed business plan might look like. This example is provided as part of the instructions and detailed descriptions included in the Components of a Business Plan. Plan Examples; Project Plan Examples; The better approach is to develop an action plan. This is a quality plan that consists of steps, tasks, or strategies, and it is very useful when achieving a particular goal for company plan without getting out of track. Action Plan Template.


Action Item Example: For Business Action Plans


The following business plan for the fictional firm of "Acme Management Technology" AMT is an example of what a completed business plan might look like. This example is provided as part of the instructions and detailed descriptions included in the Components of a Business Plan. This business plan leads the way by renewing our vision and strategic focus of adding value to our target market segments—the small business and high-end home office users in our local market.

It also provides a step-by-step plan for improving our sales, gross margin, and profitability. AMT is built on the assumption that the management of information technology for business is like legal advice, accounting, graphic arts, and other bodies of knowledge, in that it is not inherently a do-it-yourself prospect.

Smart business people who aren't computer hobbyists need to find quality vendors of reliable hardware, software, service, and support and they need to use these quality vendors as they use their other professional service suppliers—as trusted allies.

AMT is such a vendor, example of action plan for business. It serves its clients as a trusted ally, providing them with the loyalty of a business partner and the economics of an outside vendor.

We make sure that our clients have what they need in order to run their businesses at peak performance levels, with maximum efficiency and reliability, example of action plan for business. Many of our information applications are mission-critical, so we assure our clients that we'll be there when they need us, example of action plan for business.

It has a good reputation, excellent people, and a steady position in the local market, but has been having difficulty maintaining healthy financials. There are six part owners, including four investors and two past employees. The largest of these in percent of ownership are Frank Dudley, our attorney, and Paul Karots, our public relations consultant.

AMT has been caught in the vise grip of margin squeezes that have affected computer resellers worldwide, example of action plan for business. Although the chart titled "Past Financial Performance" shows that we've had healthy growth in sales, it also indicates declining gross margin and declining profits.

The more detailed numbers in Table 2. All of these concerns are part of the general trend affecting computer resellers. The example of action plan for business squeeze is happening throughout the computer industry, worldwide.

Along with sales, it includes a training area, service department, offices, and showroom area. AMT sells personal computer technology for small business including personal computer hardware, peripherals, networks, software, support, service, and training. Ultimately, we are selling information technology. We sell reliability and confidence. We sell the assurance to small business people that their business will not suffer any information technology disasters or critical downtimes.

AMT serves its clients as a trusted ally, example of action plan for business, providing them with the loyalty of a business partner and the economics of an outside vendor.

We make sure that our clients have what they need to run their businesses at peak performance levels, with maximum efficiency and reliability.

Since many of our information applications are mission-critical, we give our clients the confidence that we'll be there when they need us. In peripheralsaccessories and other hardware, we carry a complete line of necessary items from cables to forms to mousepads to In service and supportwe offer a range of walk-in or depot service, maintenance contracts, and on-site guarantees. We haven't had much success in selling service contracts. Our networking capabilities include The only way we can hope to differentiate effectively is to brand the vision of the company as a trusted information technology ally to our clients.

We will not be able to compete in any effective way with the chains using boxes or products as appliances. We need to offer a real alliance that feels personal. The benefits we sell include many intangibles: confidence, reliability, knowing that somebody will be there to answer questions and help example of action plan for business critical times.

These are complex products that require serious knowledge and experience to use, which we have, while our competitors sell only the products themselves. Unfortunately, we cannot sell the products at a higher price simply because we offer services; the market has shown that it will not support that concept. We must also sell the service and charge for it separately. Copies of our brochure and advertisements are attached as appendices. Of course, one of our first tasks will be to change the messaging of our literature to make sure we are selling the company, rather than the product.

Our costs are part of the margin squeeze. As price competition increases, the squeeze between the manufacturer's price into channels and the end-users ultimate buying price continues. Our margins are declining steadily for our hardware lines. We generally buy at A similar trend shows for our main-line peripherals, with prices for printers and monitors declining steadily.

We are also starting to see that same trend with software To hold costs down as much as possible, we concentrate our purchasing with Hauser, which offers day net terms and overnight shipping from the warehouse in Dayton. We need to continue to make sure our volume gives us negotiating strength.

We are also supporting Novell, Banyon, and Microsoft networking, Xbase database software, and Claris application products. We must remain on top of emerging technologies because this is our bread and butter. For networking, we need to provide better knowledge of cross-platform technologies. We are also under pressure to improve our understanding of the direct-connect Internet and related communications. AMT focuses on local markets, small business, and home office, with a special focus on the high-end home office and the five-to unit small business office.

The segmentation allows some room for estimates and nonspecific definitions. We focus on a small-medium level example of action plan for business small business, and it's hard to locate data to example of action plan for business an exact classification. Our target companies are large enough to require the kind of high-quality information technology management we offer but too small to have a separate computer management staff such as an MIS department.

We say that our target market has 10 to 50 employees, and requires five to 20 connect workstations in a local area network, however, the definition is flexible. Defining the high-end home office is even more difficult. We generally example of action plan for business the characteristics of our target market, but we can't find easy classifications that fit into available demographics. The high-end home office business is a business, not a hobby.

It generates enough money to merit the owner's paying real attention to the quality of information technology management, meaning that example of action plan for business budget and productivity concerns warrant working with our level of quality service and support.

We can assume that we aren't talking about home offices used only part-time by people who work elsewhere during the day and that our target market home office needs powerful technology and sufficient links between computing, telecommunications, and video assets. Small business buyers are accustomed to buying from vendors who visit their offices.

They expect the copy machine vendors, office products vendors, and office furniture vendors, as well as the local graphic artists, freelance writers, or whomever, to visit their office to make their sales. There is usually a lot of leakage in ad-hoc purchasing through local chain stores and mail order.

Often the administrators try to discourage this but are only partially successful. Unfortunately, our home office target buyers don't expect to buy from us. Many of them turn immediately to the superstores office equipment, office supplies, and electronics and mail order to look for the best price, without realizing that there is a better option for them at only a little bit more.

The small business buyers understand the concept of service and support and are much more likely to pay for it when the offering is clearly stated. There is no doubt that we face stiffer competition from box pushers than from other service providers.

We need to effectively compete against the idea that businesses should buy computers as plug-in appliances that don't need ongoing service, support, and training. Our focus group sessions indicated that our target home office buyers think about the price but would buy based on quality service if the offering were properly presented.

They think about the price because that's all they ever see. Availability is also very important. The home office buyers tend to want immediate, local solutions to problems. The home offices in Tintown are an important growing market segment.

Our estimate in this plan for the home offices in our market service area is based on an analysis published four months ago in the local newspaper. There are several types of home offices.

For the focus of our plan, the most important are those that are real businesses offices from which people earn their primary income. These are likely to be people in professional services such as graphic artists, writers, and consultants, some accountants—and the occasional lawyer, doctor, or dentist. We will not be focusing on the market segment that includes part-time home offices with people who are employed during the day but work at home at night, people who work at home to provide themselves with a part-time income, or people who maintain home offices relating to their hobbies.

Small business within our market includes virtually any business with a retail, office, professional, or industrial location outside of the home, and fewer than 30 employees. We estimate there are 45, such businesses in our market area.

The employee cutoff is arbitrary. We find that the larger companies turn to other vendors, but we can sell to departments of larger companies, and we shouldn't give up such leads when we get them. We must differentiate ourselves from the box pushers. We need to establish our business offering as a clear and viable alternative to the price-only kind of buying for our target market.

Build long-term relationships with clients, not single-transaction deals with example of action plan for business. Become their computer department, not just a vendor.

Make them understand the value of the relationship. We need to focus our offerings on small business as the key market example of action plan for business we should own. This means the five to 20 unit system, connected by a local area network, in a company with five to 50 employees.

Our values—training, installation, service, support, knowledge—are more clearly differentiated in this segment. As a corollary, the high end of the home office market is also appropriate. We do not want to compete for buyers who go to chain stores or buy from mail-order outlets, but we definitely want to be able to sell individual systems to the smart home office buyers who want a reliable, full-service vendor. We can't just market and sell service and support; we must deliver as well.

We need to make sure we have the knowledge-intensive business and service-intensive business we claim to have. We must charge appropriately for the high-end, high-quality service and support we offer. Our revenue structure has to match our cost structure, so the salaries we pay to assure good service and support must be balanced by the revenue we charge.

We cannot build the service and support revenue into the price of products.

 

Sample Business Action Plan – 13+ Examples in Word, PDF Format

 

example of action plan for business

 

Aug 23,  · The following business plan for the fictional firm of "Acme Management Technology" (AMT) is an example of what a completed business plan might look like. This example is provided as part of the instructions and detailed descriptions included in the Components of a Business Plan. A business action plan is a useful project management tool, and can also be helpful when mapping out a strategy for achieving goals. Creating an action plan involves itemizing the steps that need to be taken in order to achieve a desired result, as well as making task assignments, setting due dates, identifying necessary resources and queletceting.tk: Mary White. Plan Examples; Project Plan Examples; The better approach is to develop an action plan. This is a quality plan that consists of steps, tasks, or strategies, and it is very useful when achieving a particular goal for company plan without getting out of track. Action Plan Template.