How to Create a Strategic Business Plan

Developing business plan is a tool that management uses to keep a business and its employees on track. It helps the business to focus its energy and attention on its core business goals and values. A properly thought-out and executed strategic business plan is a tremendous asset to anyone serious about taking a business to the next level.

1
Determine your businesses mission. Before you can think of making a plan, consider why you're in business and what your goals are. In essence, you have to come up with a blueprint for your business.
2
Set up a planning committee. It takes more than one person to come up with a workable strategic business plan. Identify the key personnel who should be involved in the process. Create a planning committee that consists of people who understand your vision.
3
Assesses where you are and where you want to go. Before you can move forward, you must assess where you are currently. Now that you've got a blueprint and the correct key people to determine how to go forward, find out which direction to go. A business assessment evaluates whether or not your business taken a wrong turn somewhere along the way that needs correction.
4
Develop business strategy. Now that you know where you are in relation to where you want to be, you can create a plan with steps to achieve your goal. The strategic plan is an outline of what your business can do to reach its goals.
5
Evaluate and make changes. All plans are modifiable. If you find that your plan needs tweaking because your business is not heading in the direction you originally intended it to go, make changes.