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are the steps involved in building an operational plan for a new startup venture well to begin with you're going to want to develop your concept of operations that is what exactly do you produce or what service do you render what is the value delivery process that you are going to undertake this is going to combine a great deal with your overall strategy but your operationalizing it in terms of the steps that you're going to undertake so be very as specific as possible in stating how you're going to carry out the function of delivering value then you're going to want to come up with an idea of what resources particularly equipment material Goods Personnel things of that nature that you will need to carry out this process so that's step one you have your concept of operations you're identifying many of the things that need to be organized further after that you're going to do your research you're going to look at other competitors in the industry you're going to research the market at hand you're going to look at the providers of materials resources the availability of personnel you're going to test the value proposition in the given Market you may conduct field tests yourself focus groups surveys things like that you may even hire external experts to give you information so that you can more appropriately or accurately if you will assemble the information around these different procedural steps that you're going to undertake you're also going to want to identify any commonly understood principles any identifiable rules patterns standards within this industry or field that you're going to have to deal with as part of the value delivery process because once again organizing the various steps in the process is the heart of the operational plan if you have standards that you have to meet rules that you have to adhere to patterns that frequently occur that exist in a given market then you're going to want to be aware of those in identity for those now from there you're going to want to define the goals objectives and identifiable metrics or Milestones that that will be necessary for you to achieve in order to be successful so you'll lay out things such as what are the costs of the resources that you're going to incur what is the budget going to be along a timeline of the resources that are required how are they going to be allocated and at what rate and pursuant to that allocation of budget and other resources what are some of the goals and objectives that you hope to achieve along specific periods you can refer to these as Milestones places you hope to be along the development process at a given time this is going to start the process of formally developing the operational plan and then lastly you actually get to work assembling those resources at building the operational plan at the same time you're actually building operations because a plan is valuable but it's most valuable when it's a reality so oftentimes you'll build your operational plan and you'll modify it while you're actually building the operational elements of the business so you're going to categorize logically all of your resources so that they can again be allocated most efficiently and you're going to start allocating them to the specific task and functions and connect them with the Milestones that you hope to achieve you're going to connect the budget closely with those resource allocations along the timelines paying specific attention to the costs costs or more easily projected than revenues in most scenarios so with that being said you want to make sure certain that you are allocating adequately the cost associated with any given resource allocation and then you're going to align that with the technical or procedural steps that you're going to use to carry out processes within that given phase and match those closely to the results again you'll align the Milestones with the things you're doing try to be as mathematical as possible give as many numbers and concrete metrics that you can use to compare this is what we often call the controlling function of management it's where you evaluate what's going on in the process of of operations to determine whether any changes should be made as part of that so when building the plan aligning all of your activities all of your resources along the cost budget line matching them closely with the various Milestones that you hope to achieve at various points is the Crux of the operational plan and so operational plans will have numerous categories numerous elements depending on the nature of the business so with that being said these are the common steps or general phases that you will go through in constructing the operational plan