New Business Development > Starting a Business > Feasibility and Business Plans

Create Your Own Business Plan -- Implementation

File C5-69
Updated March, 2010

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Implementation Plan

If this is a business start-up, what steps are needed to get the business up and running? If this is an expansion of an existing business, what steps are needed to reach full capacity?

Use the points below to identify what has been accomplished, what remains to be accomplished and when it will be accomplished.

1. Implementation Plan

  • Business plan completed.
  • Legal structure completed. 
  • Finalize contracts for sale of product. 
  • Equity raised. 
  • Debt financing in place. 
  • Site selected.
  • Finalize contracts with distributors and sign-up dealers. 
  • Finalize contracts for purchase of utilities and production inputs.
  • Finalize contracts for construction or purchase. 
  • Completion of facility. 
  • Facility running at full capacity.   
  • Other.

2. Implementation Costs

  • Describe the implementation costs needed to accomplish the tasks listed above.
  • These costs should be included in the capital plan, financial plan and budgets of the business plan.

Supporting Documents

Documents that show support or show proof of statements you have made in the business plan are included here.  These documents should be referenced in the relevant sections of the business plan.

  • Documents of support/commitment from product buyers, input suppliers, bankers, and other stakeholders.
  • Audited financial report.
  • Due diligence on business assumptions and its leaders.  
  • Copies of leases, contracts and other legal documents.
  • Licenses, permits, patents, and other intellectual property information.
  • Details of marketing studies.
  • Environmental assessments/audits.
  • Building permits.
  • Special management plans imposed by regulatory agencies or lending institutions.
  • Facility design and layout.
  • Technology specifications.
  • Uniform marketing agreement for input purchases from members/investors. 
  • Promotional materials and news articles
  • Business organization documents.
  • Legal agreements.

 

Don Hofstrand, retired extension value added agriculture specialist, agdm@iastate.edu