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Business Plan template If you’re considering establishing or purchasing a small business, it’s important that you have a Business Plan. This plan will help provide you with an essential road map for your new business. It will also provide you with benchmarks against which you can measure the success of your activities as you build your business. The following guide will allow you to generate a tailored business plan that’s right for your business. <insert business name> <insert business name> Business Plan <date> Business Plan Business summary This outlines the summary of your business plan. Fill in this section after you’ve completed the business plan. Business name: Date registered: Business structure: ABN: Date established: Business address: Products and services offered: Target market: Financial plan: Business Plan The business plan Background • areyou youentering enteringthe the businessand andwhat what will drive your success business?> <Whyare • <Why business will drive your success in in thethe business?> • <What to to thethe business in in order to ensure its success?> <Whatwill • willyou youbring bring business order to ensure its success?> SWOT Analysis List your business strengths, weaknesses, opportunities and threats below and outline how you will address them. Strengths Weaknesses Opportunities Threats Business Plan Market overview The opportunity • thenature natureofofthe the opportunity you’ve identified?> <Whatisisthe • <What opportunity you’ve identified?> Market structure • What toto establish your business in?in? Eg. state oror national? • Whatmarket marketare areyou youplanning planning establish your business Eg.local, local, state national? • and what whatisis the thenature natureofofthe theindustry? industry?What Whatsize sizeisisit it(volume (volume and value)? • How How isis the the market market structured structured and and value)? a growing market what its future prospects? Is Is it ait growing market andand what are are its future prospects? Customers • <Whoare arethe thekey keycustomers customersininthis thismarket?> market?> • <Who aretheir theirneeds needsand andhow howwill will you satisfy them?> • <Whatare • <What you satisfy them?> • <Onwhat whatbasis basisdo dothey theychoose choosesuppliers?> suppliers?> • <On Competitors • <Who market?> • <Whoare arethe thekey keycompetitors competitorsininthe the market?> • <What • aretheir theirstrengths strengthsand andweaknesses?> weaknesses?> <Whatare Financial plan The following templates can be found on nab.com.au/smallbusinesstools Start-up costs Profit and loss forecasts Cash flow forecast Balance sheet forecast Business structure Ownership • <Who will be the owner/s of your business and what organisational structure will you have?> Staff • <Will you be recruiting staff for your business?> • <How will you recruit your staff?> • <How will you pay for salaries?> Business Plan Legal and regulatory considerations Consider if any of the below will apply to your business: Registration of your Business Name Registration of your Trading Name (if applicable) Establishment of your legal structure Acquisition of your Australian Business Number (ABN) Registration for Goods and Services Tax (GST) Domain name registration <www.xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx> Applications for and registration of trademarks (if applicable) Applications for licences and permits (where relevant) Establishment of contracts (eg. supply contracts, leases, employment contracts, etc.) Awareness of any specific laws relevant to your industry (eg. food manufacturing or handling). Marketing How will you promote your business? Refer to the marketing plan template on nab.com.au/marketingplan. Insurance What insurance will you need for your business? Workers’ Compensation (mandatory if you have employees) Public Liability (coverage relating to the death or injury of any third party as a result of your business or its employees) Product Liability (covers any legal action arising as a result of death, injury or damage caused by a product manufactured or marketed by your business) Professional Indemnity (if your business involves the provision of professional advice, this insurance will protect you [personally] against claims arising from that advice) Revenue Protection (protects you against business interruption resulting in revenue loss as a result of some event) Asset Protection (insurance for building, equipment, vehicles, contents in the event of theft, fire or other damage) Business Plan Operational factors Business location and premises • willyour yourbusiness businessbe belocated?> located?> <Wherewill • <Where • <Will • yoube bebuying buyingororleasing?> leasing?> <Willyou Equipment • <Whatequipment equipmentwill will you need your business?> • <What you need forfor your business?> • <Howare areyou youplanning planningtotouse useit?> it?> • <How • youpurchase purchaseororlease leaseit?> it?> <Willyou • <Will IT and Communications • <What • <WhatITITsolutions solutionswill willyou youneed?> need?> • <What will you need?> • <Whatcommunication communicationsolutions solutions will you need?> • muchwill willit itcost costyou youand and how are you planning to purchase <Howmuch • <How how are you planning to purchase it?>it?> Business Plan Suppliers <List the the names names and and details details of ofyour yoursuppliers> suppliers> <List Product name/s Product range <Supplier name 1> <Supplier <Supplier name name 2> 2> <Supplier name 3> <Supplier name 3> <Supplier name 4> <Supplier name 4> <Supplier name 5> <Supplier name 5> ©2011 National Australia Bank Limited ABN 12 004 044 937 ACL/AFSL 230686 76673A0511 Quality Service Price