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Business Planning
If you want assistance through the process of compiling your own "Business Plan", the Business Development Counsellor can work with you through a series of appointments to assist you complete your plan. Many people compiling their first Business Plan find this regular access to specialised expertise invaluable in ensuring the successful completion of their Plan.
Business Planning assistance is available for both new business owners planning their new venture, and existing businesses looking to improve their business management or embark on expansion or diversification projects.
WHAT IS A BUSINESS PLAN?
A
business plan is a written statement covering all major aspects of
your proposed business operation. Each business plan will be
unique as no two businesses are the same. However certain
basic questions should be addressed specifically in every business
plan.
WHY DO A BUSINESS PLAN?
A business plan is like a map. It tells you where you
are going and how you plan to get there. The process of doing
the plan also clarifies the degree of commitment you have to the
business and opportunities and threats that exist.
STEPS IN WRITING A BUSINESS
PLAN
Although no two business plans are
done in the same way, you need to have a systematic approach to the
task. The general steps in the planning process are listed
below:
Key Points
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Identify and define a business opportunity. This could mean identifying a demand for a product or service and starting a business from scratch, or buying an existing business or franchise.
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Work out whether the business is right for you, and if you are right for the business. This will involve assessing whether there is a good personal fit between the type of business you are considering and the skills, knowledge, experience, commitment and other personal attributes you have to offer. If there is not a good fit, the business is likely to run into problems.
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Evaluate the opportunity. If you feel the fit is good, you can move onto the next stage of the planning process - that of evaluating the opportunity. This involves closely analysing the strengths, weaknesses, opportunities and threats of the business and will form a major part of your business.
Below are the documents for one of most popular handout the Business Plan Outline. Click each document to download each part.
Business Plan Outline
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Business Plan Template (MS Word)
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3 Year Finance Kit (MS Excel)
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Personal Budget (MS Excel)
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Pricing Structure (MS Excel)
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Sales Mix (MS Excel)