Writing a business plan
A well written business plan will help you clarify how you will achieve business success and give others confidence in your business.
A business plan is a document that describes your business, the market it operates in, its objectives and the strategies you have in place to achieve these objectives.
A written business plan:
- forces you to think realistically, objectively and unemotionally about your business
- leads to questioning of past and future assumptions
- makes it easier to communicate planning objectives and strategies to bankers, partners, employees, financial backers and so on
- helps to ensure that all aspects of the plan are clear and integrated
- serves as a reference point when determining the effects of alternative courses of action on business operations
- allows you to identify any areas where you may need external assistance
- allows you to plan the growth of your business and associated capital requirements.
Tools to make writing a plan easier
The Department of State Growth has purchased a business plan software tool, Liveplan, for the sole use of Tasmanian small businesses and can be made accessible through Enterprise Centres Tasmania.
Liveplan can be accessed free for three months.
The Business Planning Guide and Template step you through the process of developing a business plan. You can tailor the plan to meet your own business needs. Both the guide and template are from www.business.gov.au.
Download the template and guide from here.