Introduction
The success of any business entirely depends on the business road map expectations and the alternatives. From the previous studies, it is prudent that the determining factor in the success of the business is not to make lucrative plans with the good dream, but despite all that happens, the success is only achieved due to the commitment and determination in achieving the set business objectives (Quinn, 1993). With a successful continuous business roadmap plan, there would be a continuous impressive improvement through proper business opportunities and strengths, set future goals with the proper definition of the respective goals, and the procedural way through which these goals should be received. This paper seeks to analyze the secrets that are behind business success through the proper business plan.
The Business Plan
To the Department of Trade and Economic Development, marketing is an important factor that aides an organization to succeed in its plans. A marketing plan brings into consideration how an organization can improve its market share. The importance of a marketing plan is to lay down structures that may direct an organization to success. For the business to move from one step to the other, through communication, the business owner/ operator should create a good understanding with the area residents. The identification of the regular customers will enable the business planner to take into account some of the goods and services that are necessary within the local set to enable the clients to obtain better and quality services within the business (Quinn, 1993).
For the success of the business, a set goal that an individual should achieve per day increases the level of work output, both at the individual level and likewise at the organizational levels. However, the evaluation of the daily set goals greatly increases the business output. Planning is a very essential element in the management function. This is evident in every company. It is of great value that strategic, tactical, and operational planning be put into great emphasis. This normally ensures the smooth flow of operations as well as direct connectivity in the organizational operations. It further ensures that the roles within the organization do not conflict and that the organizational operations are all geared towards the achievement of the overall organizational goals. The planning function within any organization is influenced by internal or external factors. The external factors could be social, political factors, economic factors as well as cultural factors. These are factors that are not within the organization’s influence. Rather the organization has to make its plan within these factors.
Risk identification
In the business environment, the success relies on the ability of the business to take a risk; for example, fish is very palatable though the storage requires fridge in rider to maintain in the routines, this implies that when a businessperson is involved in the food industry, then he/she must have a refrigerator to keep the perishable product. On the business management, side failure to sell the products would result in a terrible loss. This shows the impertinence of a successful business plan that should not only suit the business but also, win the clients.
Nevertheless, the business owner should not only prepare for the risks but also look into the future risks and uncertainty to plan for the products that are likely to experience a shortage. This will lower the effects of the crisis on the business. Moreover, within the business environment, a comprehensive plan is required to overcome the financial crisis.
In addition, there should be a risk assessment that shields the workers. This involves the determination of the value of what may facilitate the occurrence of injury or harm to persons in a specified workplace or grouping place to evaluate whether enough measures have been put in place to alleviate the occurrence of the harm or whether more precautions are required to prevent the occurrence of an injury. Risk assessment ensures that nobody gets injured or ill. It is the requirement of the law for risk assessment to be undertaken in any workplace. This ensures that ill health and accidents resulting from workplace poor conditions do not occur.
Plans and actions
Before you introduce the new ideas that are a result of the successful implementation plan, it is advisable to partially introduce the trial plan on a piece of paper for evaluation. Afterward, the business management should be able to find out which of the trails successfully achieve the target and implement it in the business. However, either change may occur positively or negatively during the implementation plan, but this should not worry you as planning had never predicted change instead help you to recognize the change to choose an appropriate business strategy accordingly (Stephanie, 2010). A detailed business plan should be target-oriented with the potion of monitoring the results against the predetermined set of goals and standards of performance (Kerzner, 2006). Planning is one of the long-term management tools that can be deployed to evaluate and investigate new business opportunities to indicate the business potential. In the efforts to successfully plan for the business prosperity, the businessman/woman need to look into the previous factor that hindered the growth and development. For example, the relationship between the business salesperson and the general public. The salesperson should be at work as they wait for the outcomes (Abell, 2009).
A good plan should be able to immoderate both the old ideas and the new laws and ideas in a sequential manner till the business gets used to the new style before fully accepting and commissioning the use of the new acceptance of the new system. In case of a failure in the new system, there should be the possibility of shifting to the old system without complications as this would interfere with the trend and the flow of the business.
Regardless of the size of the business organization, all the stakeholders should play part in the research. The research success determines the effects of the old systems recommending the new system. Both the negative and the positive effects of the old system are to be thoroughly scrutinized.
The technology change would also affect the business in one way or the other. Management for instance should log in to the internet to confirm the ways through which other business organizations in the same field handle the numerous challenges. The business world has become more complicated. However, while other companies are leading to failure due to insufficient funds, other companies and business organizations are heading to success (Kerzner, 2006).
When planning for success, a large number of the management personnel should come from the locality within which the business operates, this will enhance productivity as the local community will feel they are cared for. Through the use of the local language, the elderly and other locals who do not find it logical to use the national languages are lucky enough.
In addition, if a business’s competitive edge holds promise for being durable and sustainable as opposed to just being temporary, then so much the better for both the strategy and the business future success and profitability. A competitive advantage is greatly emphasized for any business to be successful (Stephanie, 2010). This is because it is the key to above-average profitability and financial performance. After all, the strong buyer preferences for the business’s goods and services offering translates into higher sales volumes and or the ability to command a higher price, thus driving the earnings up, return on investments, and other measures of financial performance (Quinn, 1993).
Conclusion
Having considered the possible causes of failure in business, the secret behind the success of a business plan lies in the individuals with the determination to set the plans rather than ululating on the kind of investment that others obtain due to the high risks that are involved such investment. Technology is also a factor to be considered to successfully achieve the business plan, following the researches and samples of how others achieved success through technological intrigues. The progress of a business lies in the kind of investment you engage in. Finally, in any business organization, it is important to consider the factors that influence business that including cultural differences, language and the targeted customer (Abell, 2009).
References
Abell, K. 2009. Defining the Business: The Starting Point of Strategic Planning. New York: Oxford University Press. Department of Trade and Economic Development. Business Planning.
Kerzner, H. 2006. Project management: a systems approach to planning, scheduling, and controlling, 9th Ed. Sydney: John Wiley and Sons.
Quinn, J. 1993. Strategies for Change: Logical Instrumentalism. London: Harvard University Press.
Smith, M. Stephanie. 2010. Legal Corner: Succession for Family-owned Businesses is Critical for Rural America.