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4.3.8 Provide a Logistics and Operations Plan

Use workflows in operations and logistics to turn your ideas into reality. This is a key aspect to consider when creating a business plan for your individual planning requirements, even if you might not need to go into as much detail as if you were looking for funding.

Include everything related to your intended operations, such as:

  • Suppliers. Where are your products created, and where do you get the supplies needed to make them?
  • Production. Are you going to design, produce, retail wholesale, or dropship your products? How long does it take for your products to be manufactured before being shipped to you? How will you react if there is a busy season or an unexpected rise in demand?
  • Facilities. Where will the team members and you be working? Do you plan to run a physical store for goods? If yes, where?
  • Equipment. What tools and modern technology are required for you to work? This includes everything, from laptops to light bulbs and everything in between.
  • Shipment and fulfillment. Will you manage all the fulfillment duties internally or will you work with a third-party fulfillment partner?
  • Inventory. How much will you keep on hand, and what would you store it in? How will you manage the inventory and, if necessary, deliver it to partners?

This section should show the reader that you have a solid understanding of your supply chain and reliable backup plans in place to handle any potential uncertainties. If you were the reader, this information should assist you in determining how to price your goods to cover your anticipated expenses and when you will recover your initial investment.