FORECAST : Work of estimating and predicting future events. Search for essential data or information related to your business in order to estimate sales volume, prices, competition, raw material sources and cost. Identify inherent risks from “known- unknown” factors.
OBJECTIVES : Set clearly defined goals in each area of operation : sales, product or service quality, direct costs, distribution costs, profits or better still return on capital employed, pay-back period, break-even.
PROGRAMME : Action steps involved from Business Plan stage to implementation of the Project and first commercial sale. Action steps to achieve each goal.
SCHEDULES : The timing of each action step, with concurrent schedules. Risks if schedules are overrun.
BUDGETS : Define the resources required and associated costs in four key areas MONEY / FINANCE MANPOWER MACHINERY MATERIALS
FOUR M’s MONEY / FINANCE - Capital investment, pre- operative expenses and working capital. MANPOWER – Managerial, skilled and unskilled supported by an organization chart; your consultants. MACHINERY – All the equipment required to meet your goals with delivery schedules. MATERIALS – Sources, inventories, costs.