Some examples are finding the right location, competing with like companies and retaining efficient employees.You'll want to have a clear, objective map that you can follow step by step while developing your business."A business plan is absolutely vital as it navigates your business on the road to success," said Joel Klein, founder and producer of Biz Tank and the B-Tank platforms.The operations plan will highlight the logistics of the organization such as the various responsibilities of the management team, the tasks assigned to each division within the company, and capital and expense requirements related to the operations of the business.Financial data is always at the back of the business plan, but that doesn't mean it's any less important than up-front material such as the business concept and the management team."Don't get mesmerized by the attractive macro data you can find on the web," said Dr.John Mullins, associate professor at London Business School and author of “The New Business Road Test: What Entrepreneurs and Investors Should Do Before Launching a Lean Start-up, 5th ed." (FT Publishing, 2017). talk with prospective customers, suppliers and others in your industry." Even after you embark on your business endeavour, you want to ensure you're attracting and retaining customers before asking for capital, Mullins added.FINMA must be notified about business plan changes in accordance with Article 5 para. Please use the forms provided below to record business plan data in accordance with Article 4 para. Preparing a business plan is like outlining an itinerary for a road trip.As with any business project, research is critical to a solid business plan."Research is one of the big value-adds of writing a business plan," said Joseph Ferriolo, director of Wise Business Plans.