Planning for the Future

Blase Lambert

Why have a business plan?

A good plan is like a road map: it shows the final destination and usually the best way to

get there.

Framework for business planning

• Timescale• Planning• Environmental analysis – SWOT & PESTLE• Risk management• Development of strategies – membership &

involvement, human resources, asset management, investment, development & E/IT

• Financial planning

SWOT analysisStrengths & Weaknesses• Number of homes & members• Financial strength, cost base, rent levels• Services provided & satisfaction levels• Staff, agency & committee competency• Information systems

Opportunities & Threats• Changes in legislation & Regulation• Technological change• Increased maintenance costs• Changes in interest rates & inflation

PESTLE analysisAssessing how external factors may impact the organisation:

•Political•Economic•Socio-cultural•Technological•Legal•Environmental

Risk managementRisk is the threat that an event or action will

adverselyaffect an organisation’s ability to meet its businessobjectives and execute its strategies effectively.• Functional risks• Cross-functional risks• Sub-risks• Impact• Pure Probability• Management• Control• Post-control probability

The business plan• Executive summary• Vision & objectives• Past, present & future• Products & services• Organisational infrastructure• Action plan• Financial plan• Asset management plan• Sensitivity analysis

Delivering the business plan

• Don’t just get a consultant, staff member or agency to write something!

• Communication of objectives and targets throughout the co-op

• Individual objective setting – SMART• Performance management & review