Develop and implement one business plan

[Business Name]

Business Plan

Prepared: [Date prepared]

Contents

Business Plan template..............................................................................1

Using this template...................................................................................2

Business Plan Summary.............................................................................4

The Business.......................................................................................4

The Market..........................................................................................4

The Future..........................................................................................4

The Finances.......................................................................................5

The Business............................................................................................5

Business details....................................................................................5

Registration details................................................................................5

Business premises.................................................................................5

Organisation chart.................................................................................5

Management & ownership.......................................................................6

Key personnel......................................................................................6

Products/services..................................................................................8

Innovation..........................................................................................8

Insurance...........................................................................................8

Risk management.................................................................................9

Legal considerations..............................................................................9

Operations..........................................................................................9

Sustainability plan...............................................................................11

The Market.............................................................................................12

Market research..................................................................................12

Market targets....................................................................................12

Environmental/industry analysis..............................................................12

Your customers..................................................................................12

S.W.O.T. analysis................................................................................13

Your competitors.................................................................................14

Advertising & sales..............................................................................15

The Future..............................................................................................17

Vision statement.................................................................................17

Mission statement...............................................................................17

Goals/objectives.................................................................................17

Action plan........................................................................................17

The Finances...........................................................................................18

Key objectives & financial review.............................................................18

Assumptions......................................................................................18

Start-up costs for [YEAR]......................................................................19

Balance sheet forecast..........................................................................20

Profit and loss forecast.........................................................................21

Expected cash flow..............................................................................22

Break-even analysis.............................................................................23

Supporting documentation........................................................................24

Business Plan Summary

[Please completed this page last]

[Your business summary should be no longer than a page and should focus on why your business is going to be successful. Your answers below should briefly summarise your more detailed answers provided throughout the body of this plan.]

The Business

Business name: [Enter your business name as registered in your state/territory. If you have not registered your business name, add your proposed business name.]

Business structure: [Sole trader, partnership, trust, company.]

ABN: [Registered Australian business number.]

ACN: [Registered Australian company number, if applicable.]

Business location: [Main business location]

Date established: [The date you started trading.]

Business owner(s): [List all of the business owners.]

Relevant owner experience: [Briefly outline your experience and/or years in the industry and any major achievements/awards.]

Products/services: [What products/services are you selling?What is the anticipated demand for your products/services?]

The Market

Target market:

[Who are you selling to? Why would they buy your products/services over others?]

Marketing strategy:

[How do you plan to enter the market? How do you intend to attract customers? How and why will this work?]

The Future

Vision statement:

[The vision statement briefly outlines your future plan for the business. It should state clearly what your overall goals for the business are.]

Goals/objectives:

[What are your short & long term goals? What activities will you undertake to meet them?]

The Finances

[Briefly outline how much profit you intend on making in a particular timeframe. How much money will you need up-front? Where will you obtain these funds? What portion will you be seeking from other sources? How much of your own money are you contributing towards the business?]

The Business

Business details

Products/services: [What products/services are you selling?What is the anticipated demand for your products/services?]

Registration details

Business name: [Enter your business name as registered in your state/territory. If you have not registered your business name, add your proposed business name.]

Trading name(s): [Registered trading name(s).]

Date registered: [Date business name registered.]

Location(s) registered: [State(s) you are registered in.]

Business structure:[Sole trader, partnership, trust, company.]

ABN: [Registered Australian Business Number.]

ACN: [Registered Australian Company Number, if applicable.]

GST: [Are you registered for Goods and Services Tax? Date registered?]

Domain names: [Registered domain names.]

Licences & permits: [List all the licences or permits you have registered]

Business premises

Business location: [Describe the location and space occupied/required. What is the size of the space you occupy/require? Which city or town? Where in relation to landmarks/main areas? If you have a retail business, where are youin relation to other shops? What is the retail traffic like?]

Buy/lease: [If you have purchased a business premises or are currently leasing, briefly outline the arrangements. If you are still looking for a lease, outline your commercial lease requirements and any utilities/facilities required.]

Organisation chart

[Outline your business structure in an organisation chart.]

Figure 1: Example Organisation Chart.

[Owner/ Manager] [ Marketing [Office Manager] Manager] [Events [ Salesperson] [ Executive Coordinator] Assistant] [Operations]START-UP COSTS Cost ($) EQUIPMENT/CAPITAL COSTS Cost ($) Registrations Business purchase price Business name Franchise fees Licences Start-up capital Permits Plant & equipment Domain names Vehicles Trade marks/designs/patents Computer equipment Vehicle registration Computer software More... Phones Membership fees Fax machine Accountant fees More... Solicitor fees Security system Rental lease cost (Rent advance/deposit) Office equipment Utility connections & bonds (Electricity, gas, water) Furniture Phone connection Shop fitout Internet connection More... Computer software Training Wages Stock/raw materials Insurance Building & contents Vehicle Public liability Professional indemnity Product liability Workers compensation Business assets Business revenue Printing Stationery & office supplies Marketing & advertising More... Total start-up costs $0 Total equipment/capital costs $0BALANCE SHEET FORECAST [Year 1] [Year 2] | [Year 3] Current assets Cash Petty cash Inventory Pre-paid expenses Fixed assets Leasehold Property & land Renovations/improvements Furniture & fitout Vehicles Equipment/tools Computer equipment More... Total assets $0 $0 $0 Current/short-term liabilities Credit cards payable Accounts payable Interest payable Accrued wages Income tax More... Long-term liabilities Loans More... Total liabilities $0 $0 $0 NET ASSETS $0 $0 $0PROFIT & LOSS FORECAST [Year 1] [Year 2] [Year 3] Sales less cost of goods sold More... Gross profitet sales $0 $0 $0 Expenses Accountant fees Advertising & marketing Bank fees & charges Bank interest Credit card fees Utilities (electricity, gas, water) Telephone Lease/loan payments Rent & rates Motor vehicle expenses Repairs & maintenance Stationery & printing Insurance Superannuateon Income tax Wages (including PAYG) More... Total expenses $0 $0 $0 NET PROFIT SO $O $0BREAK-EVEN CALCULATOR Timeframe (e.g. monthly/yearly) Average price of each product/service sold Average cost of each product/service to make/deliver Fixed costs for the month/year Percentage of price that is profit Total sales needed to break-even Number of units sold needed to break-evenEXPECTED CASHFLOW Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec [YEAR] OPENING BALANCE $0 $0 $0 $0 $0 Cash incoming Sales Asset sales Debtor receipts Other income Total incoming 50 $0 $0 $0 50 $0 $0 $0 $0 Cash outgoing Purchases (Stock etc) Accountant fees Solicitor fees Advertising & marketing Bank fees & charges Interest paid Credit card fees Utilities (electricity, gas, water) Telephone Lease/loan payments Rent & rates Motor vehicle expenses Repairs & maintenance Stationery & printing Membership & affiliation fees Licensing Insurance Superannuaten Income tax Wages (including PAYG) More... Total outgoing SO $0 $0 $0 $0 $0 $0 Monthly cash balance $0 $0 $0 $0 $0 CLOSING BALANCE $0 SD $0