Your guide to writing a business plan

As busy and time-poor as all small business owners are, you might be struggling to prioritise allocating the time to create a business plan. Perhaps you’re even wondering what the real value is in doing so.

Michael Abrahamsson, a financial planner from Flinders Wealth, says "starting a business is such an exciting time in one's life. But often our dreams run ahead of reality and that's why it's important to lay solid foundations with a well thought through business plan."

Once you’ve created your business plan, think of it as decision-making tool to help you effectively manage your business. Preparing the plan will help you to establish goals and identify hurdles before they arise so you can devise strategies to move forward. Your business plan should also help everyone, from employees to potential investors, to understand your business mission and values.
Whether you’re starting a business from scratch or you’re a few years in, the good news is you don’t need to re-invent the wheel. Download our free business plan template below, where each section is mapped out ready to go.

You may find that writing a business plan raises questions, and even alters aspects of your day-to-day operations and your overall plan. That’s to be expected, and is also why you should treat your business plan as a working document. As your business grows, so too should your business goals.

How To Start a Business Plan cropped 3

Need help getting started? Download our free business plan template below.

Officeworks
 

SHARE

MORE ARTICLES

6 tips for running a business you don't often think about

6 tips for running a business you don't often think about

Your workspace is important to the success of your business. Discover the vital and often overlooked essentials, training and supplies needed to keep employees happy - and set the tone for success.

Choosing the right workspace for your business

Choosing the right workspace for your business

Today’s employees want flexibility in the workplace. Discover how to match the needs and work style of your business to your workspace.