A business plan acts as a guide when your business is being set up and operating; how you work, planning the future and preparing for risks. It is also often a required document for finance applications.
Create a blueprint for your business through your business plan. Document your set of business goals, objectives, target market information and financial forecasts that you are aiming to achieve over a certain period.
Regularly reviewing and updating your plan, particularly when you are starting and growing your business, helps to keep your business on track and inform any employees of your business direction.
We recommend you share your plan with your business advisors or accountant, especially if you’re planning to use it to apply for business lending.
To download the free business plan template and guide to step you through the process of developing a business plan that is solid, well-structured and tailored to your business, visit How to develop your business plan on the Australian Government's Business website.