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Be serial for obstacles. A clear statement of your business mission and vision. A set of values that can help you steer your business through times of trouble. Running out of cash before you open your doors because you haven’t anticipated your start-up costs. The basic components of a business plan are fairly simple.
3 SETTING GOALS AND FINANCING 16 1. Your mission statement 16 2. Forecasting your needs 17 Analyzing your costs 17 Your cash flow projection 17 Calculating your break-even point 18 3.
How much should you charge? 18 4. Keep your forecast up-to-date 19 5. Raising the money 19 6. Your business plan 20 4 POLISHING YOUR TECHNIQUE: GETTING ORGANIZED 28 1.
In all, the success setting up a pharmaceutical manufacturing plant, and indeed any other business, will depend on factors such as the drive and willingness to take calculated risks, having an eye on the future trends that will shape the industry, cultivating excellent customer service and support and placing a premium on research and development.
Our business plan includes complete provisions for plan-vs.-actual analysis, and we will be holding follow-up meetings every month to discuss the variance and course corrections.
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