subject: Business Case Template – Spot Your Opportunities [print this page] Business Case Template Spot Your Opportunities
Many business owners will tell you that they overlooked an investment or development opportunity in the past and wish they could go back in time to take advantage of it. In some cases they may not have even known that they were being presented with an opportunity, and in other cases, they just might not have had the ability or time to conduct the necessary research to know if the opportunity would really be the best thing for the future of their company. Being able to spot and thoroughly investigate your business opportunities in a timely fashion is a great way to get a leg up on the competition.
The need for a Business Case Template
Once a business is flourishing, many people think that all the hard decisions have already been made. But, as any savvy business person will tell you, success just means that the decisions with which you are presented every day become increasingly urgent. When you're successful, each new business opportunity brings even bigger risks as well as increased benefits. Trying to decide whether a business investment opportunity is really the best thing for the company is difficult, and once you've decided, it's essential that you have a clear, professional way to communicate with upper management.
What is a Business Case Template?
No matter what the size and scope of the business, it's likely that you have a process in place for evaluating and deciding on new business opportunities. The Business Case Template is a document that's used across industries to help design a business case for any particular scenario. It can take a considerable amount of time to create the document necessary to communicate your opinions in a professional manner, which is why many businesses choose to start the process with a pre-written template.
This Business Case Template can be downloaded in a matter of minutes and saved on your computer to be used any time upper management asks for a formal evaluation of an impending investment opportunity. The sections of this document provide an opportunity overview, key success factors, assumptions and decision-making criterion, business impact analysis, sensitivity analysis, risks, contingency plans, and action-oriented recommendations that decision makers in your organization need to be aware of. Armed with this detailed and well organized information, business owners and executives will be able to proceed with confidence, knowing that they are making an informed decision for their organization.
