Just as the Business Plan provides a long-term strategic framework on which to operate, the Operating Plan is a short-term (usually one year) guide to the day-to-day operations of the business. It includes the attainable goals for the organization for the current year, and the partial goals necessary to reach the strategic milestones in the five-year Business Plan.
The operating plan provides the critical business focus, so important to managers. A good operating plan can narrow the path followed by the organization, reducing mistakes, costs, and wasted efforts. It is the measurement of success in every sector of the company. It is an indicator of problems before they become critical. Used properly the Operating Plan is the key to knowing where you are and where you are going.
Aften can work with you to develop an Operating Plan to fit your specific needs. If you are starting a new business, we will strongly encourage you to create the blueprint for success, which includes the Business Plan and the Operating Plan.