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What's in a high quality business plan?
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A simple guide to what should be included in a high quality business plan.
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What's in a high quality business plan?
1.
Page 1 -
What’s in a high quality Business Plan? by Andrea Comastri ©Simcom Global Trade Solutions What’s in a high quality Business Plan? The Business 1. Business name 2. Trading name(s) 3. Business structure 4. ABN, ACN, GST 5. Business location and registered office 6. Date established 7. Domain names 8. Licences & permits 9. Business purpose 10. Business size 11. Mission and Vision statements 12. Goals/objectives Management & ownership 1. Business owner(s) 2. Relevant owner experience 3. Details of management & ownership experience 4. Organisation chart Key personnel 1. Current staff 2. Required staff 3. Recruitment options 4. Training programs 5. Skill retention strategies Product/services 1. Product/services 2. Market position 3. Unique selling position 4. Anticipated demand 5. Pricing strategy 6. Value to customer 7. Growth potential The Market 1. Target market 2. Marketing strategy 3. Market research 4. Environmental/industry analysis 5. Customer demographics 6. Key customers 7. Customer management
2.
Page 2 -
What’s in a high quality Business Plan? by Andrea Comastri ©Simcom Global Trade Solutions Competitors 1. Main Competitors 2. Potential Competitors 3. Barriers to entry S.W.O.T. analysis 1. Strengths 2. Weaknesses 3. Opportunities 4. Threats Finances 1. Financial objectives 2. Finance required 3. Start-up costs 4. Balance sheet 5. Profit & loss forecast 6. Expected cash flow 7. Break-even analysis Advertising & sales 1. Sales and marketing objectives 2. Advertising and promotional strategy 3. Sales and distribution channels table Operations 1. Production process 2. Suppliers 3. Plant and equipment 4. Inventory 5. Technology 6. Trading hours 7. Communication channels 8. Payment types accepted 9. Credit policy 10. Warranties & refunds 11. Quality control 12. Memberships and affiliations Insurances, Legal Considerations and Risk Management 1. Workers compensation 2. Public liability insurance 3. Professional indemnity 4. Product liability 5. Business assets 6. Business revenue 7. Other insurances 8. Legal considerations for the business 9. Codes of Practice
3.
Page 3 -
What’s in a high quality Business Plan? by Andrea Comastri ©Simcom Global Trade Solutions 10. Risk Management Innovation 1. Research & development (R&D)/ innovation activities 2. Intellectual property strategy Sustainability plan 1. Environmental/ resource impacts 2. Community impact and engagement 3. Risks/constraints
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