What Is the Implementation Plan?

A business plan will do you little good if you don't have a strategy to implement it. How many months of zero revenue will be needed to start up your business? Do you have a phased plan for development, complete with what you want to accomplish, by when and what must take place before each phase happens? What are your major decision points? What milestones do you want to hit, and by when? What actions do you need to take to meet those milestones?

Your implementation plan and your proforma provide a yardstick for measuring how well your plan is being executed. Investors and bankers who are funding your idea with venture capitol or loans will want to see an implementation plan and how well you're hitting your targets. Are your target goals realistic? Does your plan support your belief that the goals are achievable?

In summary, an implementation plan lays out your company's objectives, the tasks or actions necessary to reach those objectives, a timescale of events or actions, and a way to monitor your progress.