It is often advisable for a business plan to contain an implementation plan.The implementation plan is not a standard for most business proposals. This is despite the fact that this is the only section that shows how, in practice, an entrepreneur will proceed in the event of receiving required funding.
Business plan formats for the following South African financiers require an implementation plan:
The implementation plan, as mentioned above shows a practical course of action the business proponents will go through to turn the other plans elucidated above into reality. Many business strategist agree that most business plans fail at the implementation stage. Strategy formulation is usually very good and insightful in most business planning processes. It is the turning of the plans into reality that is the challenge.
An implementation plan will basically deal with the following:
- Time frames for implementation of plans
- Setting up departmental structures,hiring etc
- Acquiring equipment, materials, premises and other logistics
- Who will be responsible for what plan or action?
- How will the business control its budgets in a practical sense?
- How will the business proposal be controlled and evaluated?
A good implementation plan will be able to show the reader of a business proposal that the entrepreneur has the capacity to convert his plans into action. An implementation plan therefore focuses on:
It may be presented as a brief table with the above as columns. Actions will be the row. It therefor shows who is responsible for what actions, how long will they take and the costs involved. Another column for comments may be reserved for any important additional information about a given action.
Below is an example of a simple implementation plan:
The time frame in the table includes actions that can run concurrently and others that cannot. To show such activity-time relationships, the entrepreneur may have to resort to project management techniques such as Project Evaluation Review Technique (PERT).