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business plan examples australia

The process of writing a business plan is the perfect time for you to think carefully though every step of your business start-up. You’ll pinpoint weaknesses, identify your strengths, and spot opportunities you might not have thought of. The process of writing a plan can be enjoyable. The process of creating your business plan will help you focus, crystallise your ideas and identify priorities, saving both time and effort. Your business plan will give you a clear sense of direction and a benchmark enabling you to measure progress. Keep your plan as short as possible as overly detailed business plans can be too cumbersome to use. Aug 14,  · A good business plan can help you secure finance, define the direction of your business and create strategies to achieve your goals. We've developed a Business Plan Template and Guide to step you through the process of developing a business plan that is .


Our simple guide to using our business plan template - NAB


Think you have a great idea for a business? The simple business plan template presented here will get you started. A standard business plan consists of business plan examples australia single document divided into several sections including a description of the organization, the market researchcompetitive analysisbusiness plan examples australia, sales strategiescapital and labor requirements, and financial data.

The resulting document can serve as the blueprint for your business and be supplied to financial institutions or investors if debt or equity financing is needed to get your business off the ground. There is still going to be a lot of work involved. For instance, not only do you have to complete the financial spreadsheets, but you have to do the math yourself.

Finally, merging data from Excel spreadsheets into your Word document is harder than it looks, business plan examples australia. A corporate business plan for a large organization can be hundreds of pages long. However, for a small business, it's best to keep the plan short and concise, especially if you intend business plan examples australia submit it to bankers or investors. Capping your plan at 30 pages should be sufficient unless you need to include photos of products, equipment, logosbusiness premises or site plans, etc.

Once you complete your simple business plan be sure to format it attractively, print it and get it professionally bound. You want your business plan to convey the best possible physical impression; make it something people are going to want to pick up business plan examples australia look at. Enter your business information including the legal name, address, etc. If you already have a business logo you can add it at the top or bottom of the title page. An business plan examples australia of the industry and how your business will compete in the sector.

In this section, you need to demonstrate that you have thoroughly analyzed the target market and that there is enough demand for your product or service to make your business viable. The Target Market description and Competitive Analysis portions can be two separate sections in the plan or combined as shown:. Describe your product or service, how it benefits the customer, and what sets it apart from competitor offerings i. Describe how you intend to price your product or service.

Describe how you will distribute your products to the customer if applicable. Will you be selling wholesale or retail? What type of packaging will be required? How will the product s be shipped? What methods will be used for payment? This section describes the legal structure, ownership, and if applicable the management, and staffing requirements of your business.

List ownership percentages if applicable. If the business is a sole proprietorship this is the only section required. Describe managers and their roles, key employee positions, and how each will be compensated. The operating plan outlines the physical requirements of your business, such as office, warehouse, retail space, equipment, inventory and supplies, labor, etc.

For a one-person, home-based consulting business the operating plan will be short and simple, but for a business such as a restaurant or a manufacturer that requires custom facilities, business plan examples australia, supply chains, specialized equipment, and multiple employeesthe operating plan needs to be very detailed.

Describe your production workflow. Include factors that may affect the time frame of production and how you'll deal with potential problems such as rush orders. Describe the physical location of the business including location, land, and building requirements.

Include zoning approvals and other permissions necessary to operate your business. Outline expected staffing needs and the main duties of staff members, especially the key employees. Describe how the employees will be sourced and the employment relationship i. Detail any employee training needed and how it will be provided. Include a list of any specialized equipment needed. If your business is manufacturing, retail, food services, etc. Give descriptions of major suppliers if needed.

Describe how you will manage inventory. The financial plan section is the most important section of the business plan, especially if you need debt financing or want to attract investors. The financial plan has to demonstrate that your business will grow and be profitable. To do this, you will need to create projected income statements, cash flow statements, business plan examples australia, and balance sheets. For a new business, these are forecasts.

A good rule of thumb is to underestimate revenues and overestimate expenses. Do this on a monthly basis for at least the first year for a startup business. The Cash Flow projection shows your monthly anticipated cash revenues and disbursements for expenses. For a startup, this would be on the day the business opens. Note also that the Balance Sheet is much simpler for unincorporated business plan examples australia without employees. Income tax, pensions, medical, business plan examples australia, etc.

Including a breakeven analysis will demonstrate to financiers or investors what level of sales you need to achieve to make a profit.

The appendices and exhibits section contains any detailed information needed to support other sections of the plan, business plan examples australia. Small Business Business plan examples australia Plans.

By Susan Ward. Continue Reading.

 

How to write a business plan | Westpac

 

business plan examples australia

 

Business plan templates. There are many good free business plan templates around, such as the Federal Government’s infeasibfles.cf template page. A good business plan takes time, planning and research to put together, and it’s worth the up-front effort to assess if your idea is viable as a business and how you’re going to make it happen. Whatever type of retail store you're starting, a good business plan is essential. Get ideas from this assortment of sample business plans for clothing stores, online stores, e-businesses, gift shops, eBay, art galleries, and other retail businesses. The process of writing a business plan is the perfect time for you to think carefully though every step of your business start-up. You’ll pinpoint weaknesses, identify your strengths, and spot opportunities you might not have thought of. The process of writing a plan can be enjoyable.