A business plan means nothing if it does not include an implementation plan. The implementation plan, acting as fuel that surges your whole business plan into action, is a detailed, realistic list of your business to-dos within a specified period of time. It is result-oriented and directed at meeting your objectives. Because it is not just a piece of paper, an implementation plan should be carefully done. Here is how to make one.
- Find out where you are business-wise. Before you make an implementation plan, it will help if you first review your current status as a business. Identify the priorities that are not met, the activities that are proven unhelpful, the projects that are gaining fruition, the plans that are being developed, and other concerns that will have a bearing on the implementation plan.
- Make your objectives clear. It is extremely important that you know all of your business objectives, for you will structure the implementation plan around them. Therefore, study your objectives, test them, and explore their possibility. They must be attainable and formed after careful examination of the market, your competitors, and market trends.
- List the course of action. Write down the possible actions that will lead to the fulfillment of the objectives. For instance, if your objective is to increase the sale by 5% in the next three months, your plans of action should be along these lines: “Advertise in major broadsheets.” “Hire effective and highly qualified salespeople.” “Do taste tests in big store chains.” The plans of action should be as specific as possible, detailed, and doable. Also, do not forget to include the people who should be assigned to do the tasks.
- Have a timeframe. Allocate a timeframe for each task, which every team member should consider and follow. Make sure, however, to be very reasonable when designing the timeframe. While it is important to finish the tasks the soonest possible time, having a reasonable timeframe ensures that the tasks are not underdone.
- Identify the budget. Budget allocation is an important part of the implementation plan. Discuss in it how much is needed to complete the individual tasks, including the details of where the money will actually go. Total the cost and the budget allocation. But take note that actual expenditures may not reflect the totaled cost, so it is wise to prepare extra budget.
- Track the tasks’ progress. Make sure that you detail in the implementation plan how you intend to track and measure the progress of the tasks. Also, include the possible solutions in case any of the tasks fails or is not pushed through. Will the timeframe be extended? Will the task be assigned to someone else? Will the task be redesigned altogether?
Also, make it a priority to motivate the team members. Everyone in the team is important in carrying out the implementation plan, so it is necessary that the team members also share your goal to fulfill every task. Meet with them regularly, assess your performance as a team, and strategize further.