Business Plan Whether you're just starting out, growing your business or seeking outside help, a well-thought-out business plan is an invaluable tool to help get you there. The process of preparing a business plan enables you to consider and evaluate: Business background, owner profiles Products and services SWOT analysis (strengths, weaknesses, opportunities, threats) The business environment (industry, competitors Corporate strategy – what is the purpose and differentiating factors? Marketing strategy – how will you attract customers/clients? Action plan – what needs to be done? Financial plan - Key assumptions - Pricing - Forecast financial statements (Profit & Loss, Balance Sheet, Cashflow Statement) We can assist you in preparing your business plan. We do this by discussing thoroughly the various aspects to consider, evaluate what you will need and draft the business plan for you. Once the initial report is prepared, we take the time to analyse the plan with you. Often some scenario analysis is required so you can see the sensitivity of your business decisions – what impact might they have on the results? The Australian government business website www.business.gov.au provides business plan templates and guides. We use these templates as they are popular with financiers and cover all the core components of a business plan. In any business venture it is important to take the time to evaluate where you are at and what you need to do to be successful. The exercise of preparing a business plan requires careful consideration of what needs to happen. At its core, it enables you to focus on evaluating the proposal – mitigating risk and maximising strengths and opportunities. Business Plans are often used to support proposals for capital raising activities – seeking finance or seeking capital investment in a business. It’s also very useful for business owners wanting to be able to make informed decisions about the future of their business.