The abrupt imposition of the lockdown caught businesses in the region that accounts for 90 percent of economic activities in the Philippines flat-footed. They were practically blindsided as they did not have the opportunity to plan ahead for the suspension of public transportation, limitation of movement of private motor vehicles and forced confinement of people, other than police and military personnel, in their homes. Going into its sixth month, the longest lockdown in the world does not appear to have accomplished its objective of arresting the spread of the deadly virus. The so-called curve has yet to flatten and health care workers have their hands still full attending to infected patients. And worse, the Philippine Health Insurance Corp.
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IMH will increase sales steadily in its first three years, while also maintaining the gross margin on sales, with a focus on cash management and working capital. This business plan leads the way. It renews our vision and strategic focus: adding value to our target market segments, and reinforcing our ties with businesses in our local markets. It also provides the step-by-step plan for improving our sales, gross margin, and profitability. This plan includes this summary, chapters on the company, products and services, market focus, action plans and forecasts, management team, and the financial plan. Your business plan can look as polished and professional as this sample plan.
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First and foremost, you need to work on your sales pitch to top management, to show them how important IATF is to your business. Without their support, your implementation is doomed to failure. Just as importantly, you need to identify each of the requirements that must be addressed in your Quality Management System.