flevyblog

Flevy Blog is an online business magazine covering Business Strategies, Business Theories, & Business Stories.
MANAGEMENT & LEADERSHIP STRATEGY, MARKETING, SALES OPERATIONS & SUPPLY CHAIN ORGANIZATION & CHANGE IT/MIS Other

How to Write a Business Plan in 2022

Editor's Note: Take a look at our featured best practice, Business Plan Template (24-page Word document). Business Plan Template is a tremendous time-saver that lets its users focus on the content of their business plan rather than on format and style. This template has all of the writing of an entire business plan done for you. All you need to do is fill in the appropriate information for your company [read more]

* * * *

In one month, 2021 is coming to an end and it is time to prepare for the next year. This period is considered the most appropriate time to set goals and motivation. It doesn’t matter what kind of business you work in. Each company must enter the next year with complete confidence and have a clear plan of action for the development of the company.

Over 30% of organizations fail in the first few years of operation. More than half of companies cannot survive more than the first five years.

This is a result of the negligence of many leaders in planning goals and objectives. It is also a reluctance to analyze the market and current trends.

In this article, we’ll show you how to write a business plan for 2022, brainstorm, and understand what opportunities are in front of you.

Find Motivation

The first thing to do is remember why you started your business. List the reasons and you will be able to find the motivation that has become the engine of your company’s progress.

Determine the reason, and then analyze what contribution you have made and what you can do next.

Goals for the Future

Having understood the reasons, you can clearly define for yourself how you want to see your business in the next year. You can sketch out general goals and create a vivid mental picture of the growth of your business.

Use illustrations to show your employees your vision for the future. Find images online that you can rely on so your team gets a feel for your mood.

If nothing comes to your mind right off the bat, then answer the following questions:

  • How will your lifestyle change if your business takes off?
  • How much real income can you generate in the coming year?
  • What are the values ​​of your company?
  • How do you want to establish yourself in the market?
  • How is your business different from the rest?
  • How good is your customer service?

You have imagined a picture in your head for a big future. Now you can set clear goals that you can achieve in 2022. State a feasible goal that you can achieve by the end of the year. This can be the size of revenue, an increase in market share, and more.

Analyze Your Products and Services

If you are new to the market, then you should think about what product or service you will offer your customers. Find answers to the following questions:

  1. What needs can your products satisfy?
  2. What materials do you need to manufacture a product?
  3. Where and how will you produce it?
  4. What methods will you use to deliver?
  5. Are you planning to expand your product range in the next year?
  6. How will transactions be processed?
  7. How can your product be characterized? Low-cost, high-quality, eco-friendly, or reliable.

Study Your Direct Competitors

Identify your direct competitors and determine whether you can compete and how you are going to achieve this. Identify all the advantages and disadvantages of your opponents. Based on this, you will be able to find a loophole to stay ahead of the competition.

Analyze the current market prices and determine the exact price of your products. You must have a clear idea of ​​what the initial cost of the product is and how much you can mark up to make your products sell well.

Determine Which Market Segment You Are Selling Your Products To

Your products should target a specific category of people. Conduct a survey, interview, or research to have a clear understanding of where they live, socioeconomic parameters, interests, principles and beliefs.

After that, it will be easier for you to understand how to advertise your products, which characteristics are of paramount importance.

Make Calculations    

Every company must keep clear records of profits, costs, revenues, taxes and interest. To do this, you can use specialized software that structures your accounting.

Bullion and сoin sellers have a great opportunity to use point of sale software Aureus POS for gold dealers, which will improve а industry player’s ability to manage sales, pricing and customers.

Time to Act

With comprehensive information on hand, you can make clear recommendations for implementing your plan. By prioritizing, you can distribute tasks and strategy development among qualified people and set deadlines for their completion.

For a better orientation in space and time, make a schedule and to-do list for each month that will bring you closer to achieving your main goal. Good luck in 2022!

344-slide PowerPoint presentation
Curated by McKinsey-trained Executives Unleash Your Digital Marketing Agency's Potential with Our Comprehensive Business Plan Toolkit Are you ready to launch your own digital marketing agency but unsure where to begin? Look no further than our complete **Digital Marketing Agency [read more]

Do You Want to Implement Business Best Practices?

You can download in-depth presentations on Business Plan Example and 100s of management topics from the FlevyPro Library. FlevyPro is trusted and utilized by 1000s of management consultants and corporate executives.

For even more best practices available on Flevy, have a look at our top 100 lists:

These best practices are of the same as those leveraged by top-tier management consulting firms, like McKinsey, BCG, Bain, and Accenture. Improve the growth and efficiency of your organization by utilizing these best practice frameworks, templates, and tools. Most were developed by seasoned executives and consultants with over 20+ years of experience.

Readers of This Article Are Interested in These Resources


14-page Word document
"If you fail to plan, you are planning to fail" - Benjamin Franklin Your business plan should make it simple for potential partners of all kinds to understand your business model, your target market, your overall potential to grow and scale, and the financials. It provides a solid [read more]


 
192-slide PowerPoint presentation
 
 
266-slide PowerPoint presentation

About Shane Avron

Shane Avron is a freelance writer, specializing in business, general management, enterprise software, and digital technologies. In addition to Flevy, Shane's articles have appeared in Huffington Post, Forbes Magazine, among other business journals.


Complimentary Business Training Guides


Many companies develop robust strategies, but struggle with operationalizing their strategies into implementable steps. This presentation from flevy introduces 12 powerful business frameworks spanning both Strategy Development and Strategy Execution. [Learn more]

  This 48-page whitepaper, authored by consultancy Envisioning, provides the frameworks, tools, and insights needed to manage serious Change—under the backdrop of the business lifecycle. These lifecycle stages are each marked by distinct attributes, challenges, and behaviors. [Learn more]

We've developed a very comprehensive collection of Strategy & Transformation PowerPoint templates for you to use in your own business presentations, spanning topics from Growth Strategy to Brand Development to Innovation to Customer Experience to Strategic Management. [Learn more]

  We have compiled a collection of 10 Lean Six Sigma templates (Excel) and Operational Excellence guides (PowerPoint) by a multitude of LSS experts. These tools cover topics including 8 Disciplines (8D), 5 Why's, 7 Wastes, Value Stream Mapping (VSM), and DMAIC. [Learn more]
Recent Articles by Corporate Function

  

  

  

  

  

The Flevy Business Blog (https://flevy.com/blog) is a leading source of information on business strategies, business theories, and business stories. Most of our articles are authored by management consultants and industry executives with over 20 years of experience.

Flevy (https://flevy.com) is the marketplace for business best practices, such as management frameworks, presentation templates, and financial models. Our best practice documents are of the same caliber as those produced by top-tier consulting firms (like McKinsey, Bain, Accenture, BCG, and Deloitte) and used by Fortune 100 organizations. Learn more about Flevy here.
  


OUR CORE OFFERINGS
Flevy Marketplace: Top 100
· Strategy & Transformation
· Digital Transformation
· Operational Excellence
· Organization & Change
· Financial Models
· Consulting Frameworks
· PowerPoint Templates
FlevyPro (Subscription Service)
KPI Library
Streams (Functional Bundles)
Flevy Executive Learning (FEL)
PowerPoint Services

FREE Resources

About Flevy
Management Topics
Marcus (AI-Powered Consultant)
Partner Program
LinkedIn Influencer Marketing
FAQ / Terms / Privacy / Blog
Contact Us: support@flevy.com



CONNECT WITH US!
       
TOP 100 TRENDING TOPICS
Acquisition Strategy
Agile
Analytics
Artificial Intelligence
Balanced Scorecard
Best Practices
Big Data
Breakout Strategy
Business Continuity Planning
Business Plan Financial Model
Business Transformation
CMMI
COBIT
Change Management
Cloud
Communications Strategy
Company Financial Model
Competitive Advantage
Competitive Analysis
Consulting Frameworks
Continuous Improvement
Core Competencies
Corporate Culture
Cost Reduction Assessment
Customer Experience

BROWSE BY FUNCTION
Strategy, Transformation, & Innovation
Digital Transformation
Operational Excellence and LSS
Organization, Change, & HR
Management Consulting

Customer Journey
Customer Service
Cyber Security
Data Privacy
Decision Making
Digital Marketing Strategy
Digital Transformation
Digital Transformation Strategy
Due Diligence
ESG
Employee Engagement
Employee Training
Enterprise Architecture
Growth Strategy
HR Strategy
Hiring
Hoshin Kanri
ISO 27001
ITIL
Information Technology
Innovation Management
Integrated Financial Model
Kaizen
Kanban
Key Performance Indicators

ADDITIONAL RESOURCES
Business Strategy Frameworks
Case Studies
Consulting Training Guides
COVID-19 Trend Data
Digital Transformation
Financial Advising Services (FAS)

Knowledge Management
Leadership
Lean
Lean Manufacturing
Logistics
M&A (Mergers & Acquisitions)
Manufacturing
Market Research
Marketing Plan Development
Maturity Model
McKinsey PowerPoint
McKinsey Templates
Operational Excellence
Organizational Change
Organizational Design
Performance Management
Post-merger Integration
Pricing Strategy
Process Improvement
Process Maps
Procurement Strategy
Product Launch Strategy
Product Strategy
Project Management
Quality Management


Free Resources
KPI Library
Lean Management
Lean Six Sigma Training Guides
Marcus Insights
Operational Excellence

Real Estate
Remote Work
Restructuring
Risk Management
Robotic Process Automation
SWOT
SaaS
Sales
Scrum
Service Design
Six Sigma Project
Social Media Strategy
Strategic Planning
Strategic Thinking
Strategy Development
Supply Chain Analysis
Sustainability
Target Operating Model
Team Management
Total Productive Maintenance
Value Chain Analysis
Value Creation
Value Stream Mapping
Visual Workplace
Workplace Safety


Product Strategy
Small Business Owner
Startup Resources
Strategic Planning
Strategic Planning Process
Value Innovation Strategy


© 2012-2024 Copyright. Flevy LLC. All Rights Reserved.