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

Leaving your full time role to start your own business

Leaving your full time role to start your own business

Leaving a stable job to start your own business can be intimidating. Hear how three business owners made the move in 2018.

Rejected for a bank loan? Here’s how to move forward

Rejected for a bank loan? Here’s how to move forward

Banks loans are a primary way to fund your business.  Here’s how to move forward in the case of rejection.