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Business Action Plan

Describing the definitions, purpose and components of a Business Action Plan. Published on Skillmaker the free online training platform. by the author Cherish Taylor

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Business Action Plan

  1. 1. Business Action Plan By Cherish Taylor
  2. 2. What is a Business Action Plan? •Set you on the right track •Internal business document •Achieve a goal.
  3. 3. What is the purpose of a Business Action Plan? Outlines • Resources required • Timeline • Tasks To achieve a goal
  4. 4. What are the components of a Business Action Plan? Business Action Plan Goal Objective Indicators Strategy Action A good Business Action Plan has these components: • Goal -Overall vision • Objective - Outcome • Indicators –Milestones • Strategy - Steps needed • Action -Implement the step
  5. 5. What is a Business Action Plan like? A Business Action Plan is like when someone is planning to go on a trip.
  6. 6. When do businesses typically develop of a Business Action Plan? • During or after a meeting. • Set goals • Seek investment for a business • Grow your existing business
  7. 7. For more information business-action-plan/