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Seven Steps to a Successful Business Plan Chapter 10-11

Resources are more than the human element. They consist of all things necessary for you to accomplish your goals. There are at least ten items for consideration when building a resources plan. | CHAPTER 10 Pulling It All Together The Resources Plan This chapter outlines the requirements for developing the fourth of the series of the one-page business plans see Figure 10-1 . The resources plan is the document that pulls all the requirements for supporting your business plan together in one place. This approach goes beyond the traditional view of people as the sole resource. Resources are more than the human element. They consist of all things necessary for you to accomplish your goals. There 267 268 Seven Steps to a Successful Business Plan are at least ten items for consideration when building a resources plan. Each is discussed in detail in the following sections. Figure 10-1. The resources plan helps you determine both short-term and long-term requirements for core competencies in addition to other prerequisites needed to accomplish the plan. Probably our ancestors major concerns when hunting a woolly creature were Do we have enough resources Maybe we need a few more hunters. Are the spears sharp enough What will we do with all the meat How do I get it back to the village Today we don t hunt woolly creatures to survive but we do hunt in the jungles of the corporate world. Businesspeople are daily asking the The Resources Plan 269 same questions as they go into conferences prepare reports or hold meetings with customers. The Two Major Resources Problems Facing Planners Today Two major resources problems face the planner today. One has to do with people and the other with dwindling resources. First there is a shortage of people good people that is. You can always hire a body to put into a position but can you hire a quality person for the specific job requirements People who know this business will tell you that to replace a lost employee costs between 18 000 and 35 000 apiece. That is recruitment costs and doesn t count lost capacity as the job sits vacant for months. Multiply that times your turnover rate to see what your annual recruiting is costing the