Why your business needs an operations plan

If you’re sailing your boat without a rudder, you’re going to lose control when the water gets rough. A growing business needs a sound operations plan to survive.

Entrepreneur.com
Entrepreneur.com
News · 20 July 2012 · 2 min read
Above Why your business needs an operations plan. Dynamic Business

If you’re sailing your boat without a rudder, you’re going to lose control when the water gets rough. A growing business needs a sound operations plan to survive.

On my first day as a small-town newspaper editor, the publisher handed me a book of procedures. It explained my deadlines, the stories he liked and the ones he didn’t want to see, how to deal with the columnists, how to operate the fax machine, how to answer the telephone, how to lay out the copy and how to get the storyboards to the printer every Tuesday by midnight. I scanned it quickly, but never consulted the book again because I was too busy just trying to get the paper done every week. I made a lot of mistakes early in that job because I didn’t pay attention to these carefully crafted processes in the first place. Sound familiar?

Many small businesses are running at the speed of light, grappling with prospecting, helping customers, tweaking product mixes and pricing, updating the website, managing employees and paying their bills. With social media, there are even more tasks to handle on a daily basis. But wait: What about the big picture?

Writing the book on operations

Most growing companies will benefit from developing an actionable operations plan. This is a document, updated frequently, that details the company’s goals, strategies and processes.

…to read this article in full, visit leading US entrepreneurial resource, Entrepreneur.com

EN
Entrepreneur.com
From the floor
Closer to this story than we are?
If you're building in this space — or watching it reshape your market — pitch us. We edit it; you get the byline.
More from the desk

Keep reading.

News ◆

Your business could be an easy target through a supplier you trust

Only 35% of businesses can see supplier cyber risk in real time, according to new Proxima research shared with Dynamic Business.

Yajush Gupta · 2 min
Tips | Advice ◆

Got five generations in your office? Here's what the data says to do

Just 9% of Australian workers aged 40 to 64 feel financially secure, new ADP Research data shows, well below the global average.

Yajush Gupta · 2 min
Expert ◆

From a teenage dive to a $500 million plan to clean the world's rivers

"You can't defend what you don't know" doesn't apply here, but this data on ocean plastic might change how it's funded.

subscriptions · 2 min
0 people like this

Comments

Loading comments…