Preferred learners
- Canada
- Academic experience or paid work
Categories
Skills
Project scope
- What is the main goal for this project?
-
I would like to create a new business plan for a business that has been operating for 13 years. Our original business plan would need a significant update to accurately reflect the considerable growth and changes our business has experienced over the past few years. As we have expanded our service offerings and welcomed new team members, our operational landscape has evolved, necessitating a fresh look at our strategic direction and objectives.
The updated business plan will serve as a roadmap for the next three to five years, guiding our decisions and strategies to strengthen our market position and enhance profitability.
I believe that revisiting and revising our business plan is essential for capitalizing on our recent advancements and preparing for future opportunities.
- What tasks will learners need to complete to achieve the project goal?
-
Key updates to the business plan would include:
1. **Expansion of Services**: Our portfolio has grown to include new new services which cater to a broader market segment. This expansion requires an updated market analysis, revised marketing strategies, and new operational processes to ensure we continue to meet customer expectations efficiently.
2. **Team Expansion**: With the addition of new team members, our organizational structure and management approach have changed. The updated business plan will outline these new roles and responsibilities and detail the expanded team's impact on our operations and service delivery.
3. **Financial Projections**: Given our growth and the changes in our service delivery model, it is crucial to revise our financial projections to reflect current and anticipated revenue streams, cost structures, and investment needs.
4. **Strategic Goals**: Revisiting our strategic goals will ensure they align with our current business model and market conditions. This will include setting new milestones and adjusting our business strategies to achieve sustained growth.
- What is the main goal for this project?
-
I would like to create a new business plan for a business that has been operating for 13 years. Our original business plan would need a significant update to accurately reflect the considerable growth and changes our business has experienced over the past few years. As we have expanded our service offerings and welcomed new team members, our operational landscape has evolved, necessitating a fresh look at our strategic direction and objectives.
The updated business plan will serve as a roadmap for the next three to five years, guiding our decisions and strategies to strengthen our market position and enhance profitability.
I believe that revisiting and revising our business plan is essential for capitalizing on our recent advancements and preparing for future opportunities.
- What tasks will learners need to complete to achieve the project goal?
-
Key updates to the business plan would include:
1. **Expansion of Services**: Our portfolio has grown to include new new services which cater to a broader market segment. This expansion requires an updated market analysis, revised marketing strategies, and new operational processes to ensure we continue to meet customer expectations efficiently.
2. **Team Expansion**: With the addition of new team members, our organizational structure and management approach have changed. The updated business plan will outline these new roles and responsibilities and detail the expanded team's impact on our operations and service delivery.
3. **Financial Projections**: Given our growth and the changes in our service delivery model, it is crucial to revise our financial projections to reflect current and anticipated revenue streams, cost structures, and investment needs.
4. **Strategic Goals**: Revisiting our strategic goals will ensure they align with our current business model and market conditions. This will include setting new milestones and adjusting our business strategies to achieve sustained growth.
- How will you support learners in completing the project?
-
1. Access to Information: Provide all necessary data, including financial records, marketing strategies, operational processes, and past business performance metrics.
2. Clear Objectives and Expectations: Clearly communicate the company's goals, expectations, and any specific areas that the business plan needs to address.
3. Feedback and Guidance: Offer regular feedback on drafts and ideas presented and provide constructive feedback to help refine the plan and ensures it aligns with the CEO’s vision and the company’s strategic direction.
4. Resource Availability: Ensure access to necessary resources, such as software, tools, or additional personnel that may be required for research or data analysis.
5. Decision-Making Availability: Be available to make timely decisions when clarification or approval is needed on certain aspects of the business plan.
6. Supportive Environment: We foster an environment that supports open communication and collaboration.
7. Legal and Regulatory Guidance: Provide access to legal and regulatory advice if the business plan involves complex compliance issues or if the industry is heavily regulated.
8. Long-term Perspective: Share insights on the long-term strategic goals of the company, to assist understanding the broader context and tailor the business plan to long-term objectives.
About the company
- https://avs-legal.ca/
- 2 - 10 employees
- Legal, Technology
We are a diverse service provider to the legal sector, offering contract paralegal support, document template development, bookkeeping services, and technology consulting. Over the last 13 years, our business has grown from a sole proprietorship to a corporation comprising 15 team members. We aim to sustain this growth trajectory and are focused on establishing a solid foundation for ongoing success.