Creating/updating a business plan

A business plan is a kind of vision of a company, how the company is going to realize its main goals, how it is going to generate profit and how it plans to create value and deliver it to the customer at an acceptable price.

The business plan includes a detailed description of the business specification, the company's products, potential and existing customers, takes into account the necessary resources, potential revenues and costs accordingly.

Establishing a business plan/model is a necessary and main component in the process of establishing a company, and then it is important to periodically review, develop and adjust it to the current reality.

What does the Loialte Strategy service include?

• A detailed description of the business and an overview of local and international analogues
• Analysis of the target market on which the sale of the products of this particular business is intended
• Review existing or potential competitors and identify key strengths and weaknesses
• Overview of operations/process management issues
• Marketing and sales plan, which will describe all the activities that should contribute to the delivery and sales of the product to customers
• Analysis of costs associated with starting a business/new business line
• Compiling/updating a financial model detailing the company's current/planned revenues, costs, profitability, etc.
• Establishing minimum product specifications for product testing

Defining the strategic action plan and supporting its implementatio

Why does the company need it?

The strategy determines the direction in which the company is developing and what stages it has to go through to achieve the main goal.

Why does a company need a strategy? The answer is simple: the strategy determines the direction (in which direction it develops), the stages to be passed and the priorities. This is a kind of development map, without which it is impossible to achieve success. In the company, it is necessary not only to have such a plan, but also to share this map with all key directions and draw up their own action plans.

In the process of forming a strategic plan, it is important to take into account the specifics, scale, area of the company's activities, as well as the strengths and weaknesses of the business/sector.

What will the company get with the right strategic plan?

• The functional units of the company will be able to draw up their own action plans, the created plans will reinforce each other and serve the common goal.
• The plan will define priorities for the company's employees, will provide an opportunity to plan and mobilize all the necessary resources in a timely manner.
• It simplifies the decision-making process, reduces the time of this process
• Reduces the factor of unforeseen risks
• A strategic plan unites employees to achieve a common important goal, which in itself increases motivation and proactivity among employees.

What does the Loialte Strategy service include?

Drawing up a strategic plan corresponding to the company's business model

Support the company's budgeting process

Drawing up action plans for different directions in accordance with the company's strategy

Analyzing the needs of organizational changes and drawing up an action plan

Giga Phaikidze [email protected]

Managing partner