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Hastings 3915
Victoria  Australia
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Business Planning

Writing a Business Plan

"Keep it simple and easy to read"

Executive Summary

Explain.

  • Who you are.
  • What sort of business you propose to start.
  • Who will buy your product.
  • Where will it be based

Turnover Year 1,

Percent growth

Strategic Plan

  • Mission Statement
  • Core Business Concept
  • Key Success Factors,
  • Key Objectives and strategies,

SWOT Analysis (Strength, Weakness, Opportunity, and Threat)

Marketing Plan

  • Industry and Market Knowledge
  • Your Competitors
  • Market size
  • Customer Profile, Buying Motives and Expectations,
  • Sustainable Competitive Advantage,
  • Strategies to enter market.

Product or Service Operations Plan

  • Description of product or service
  • Status of current product or service
  • Secondary product (if one)
  • The production or service process

Timelines

  • First 4 weeks of operation
  • First year of operation

Business Structure

  • Legal Structure
  • Business Premises
  • Insurance
  • Staffing requirements
  • Workcover & Superannuation Issues
  • Management & Skills
  • Critical Risks
  • Contingency Plan

Financial Plan

  • Financial Assumptions
  • Financial Statements
  • Cash flow Statements