1. Operational & Resource Planning
“making it happen !!”

2. Operations Good 1 A Service 1 B Your Venture C Good 2 D Service 2
Various Inputs
Conversion
Various Outputs

3. Operations Good 1 Service 1 Your Venture Good 2 Service 2
Material
- fixed
Service 1
Material-
consumable
Your Venture
Technology resources
Good 2
Human resources
Service 2
Financial Resources
Various Inputs
Conversion
Various Outputs

4. Material Resources - Fixed
These are the resources that would be considered in the category of “Plant and Equipment”
These are the “tangible” things that you will need to run your business
Known as “Fixed Assets” in accounting terms

5. Material Resources - Fixed
Questions that need to be asked
What tools and equipment will I need?
Where will your venture be located?
Can you operate without a “bricks & mortar” facility?
How much space will you require?
Buy or rent?
Will you manufacture products yourself?
Will you contract out manufacturing?

6. Material Resources - Consumable
These are the resources that you are going to use up or “consume” through the regular workings of your venture
These resources don’t add value to your company, but your company can’t run without them
Known as “expenses” in accounting terms

7. Material Resources - Consumable
Questions that need to be asked
What sources of raw materials will you use?
How much will these materials cost?
How often will suppliers deliver materials
What return and refund policies do suppliers offer?
What other routine costs are involved?

8. Technological Resources
These resources refer to actual technology that will be used to either produce your product or make your company more efficient
This can be a sub-category of the fixed resources

9. Technological Resources
Questions that need to be asked
What types of technology will you use?
Computer, Mechanical, Chemical, Other
How much will these technologies cost?
Who will supply the technology?
What is involved in maintaining / improving these technologies?
What other routine costs are involved?
What technologies are your competitors using?

10. Human Resources
These refer to the actual people that will be working for your venture
They do not have to be actual employees, although many will be
Can also refer to mentors and advisors, outside professionals, associates and partners, business development centres, etc.
“Two heads are better than one, three are better than two”

11. Human Resources Questions that need to be asked
What skills do you need to operate your business?
What skills do you need to hire permanent staff for?
What skills can be supplied by part-time staff?
What skills can be supplied by contracted services/vendors?

12. Contingency Planning What If ?
Have a back-up plan or two for specific events if highly probable
Overall, plan for three scenarios:
Realistic case (most likely)
Optimistic (Best) case
Pessimistic (Worst) case

13. Operating Strategy Human Resources: Who will do each job?
How will work be supervised?
How will people work together?

14. Operating Strategy Fixed Materials (Capital Resources)
What will facility be like?
How will production process be organized?
Consumable Materials
How will supplies be ordered and organized?

15. Operating Strategy Management
What records must be kept and who will keep them?
How will the venture keep costs to a minimum?
What rules and regulations apply to this venture?
What environmental regulations apply? (a “GREEN” plan)

16. GAP Analysis
Shows difference between what is already in place and what should ideally be in place
Good venture plans should show GAPS and the plans to fill or bridge them.