business plan template to start a small business – free
TRANSCRIPT
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[The following document is a business plan template created by www.injust5.com. Refer to our Terms of Use before using this
template: http://www.injust5.com/terms-of-use-privacy/
Instructions for this document are in parentheses ‘[‘ or ‘]’ or in red and should be deleted before finalisation. You should add your own information as prompted and replace any placeholders such as XX/XX/XX for date with your date or data. Refer to: http://www.injust5.com/2016/02/20/the-business-plan/
for further details and instructions as needed.] BUSINESS DESCRIPTION
[Detail here your business idea, your personal and business goals and a description of the business itself.] The business idea is as follows: Our overarching vision is to:
Goals and objectives
My business goals include:
B U S I N E S S P L A N – [ I N S E R T B U S I N E S S N A M E ] – [ X X / X X / X X ]
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My personal goals include:
Our Products/Services will include:
Location
[Insert location details] Proposed operating hours
[Insert operating hours] Ownership:
OWNER PERCENTAGE OWNED KEY SKILLS, EXPERIENCE & QUALS
ROLE IN THE BUSINESS
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Business structure:
[Detail which structure you are using eg. Sole trader, company etc). LEGALITIES
REQUIREMENTS DETAILS STATUS
Insurances
Licences Regulations
Key legislation International/National Standards
Contracts (suppliers, customers either)
Patents/Intellectual Property
PRODUCTION
[Include any details of where and how your product will be manufactured and shipped if relevant]
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SWOT ANALYSIS [Refer to: http://www.injust5.com/2016/06/25/market-research-swot-analysis-free-template-handout-video/]
INTERNAL ENVIRONMENT EXTERNAL ENVIRONMENT
STRENGTHS WEAKNESSES OPPORTUNITIES THREATS
[Insert one strength in each cell using the internal factors list on the right for guidance]
[Insert one weakness in each cell using the internal factors list on the right for
guidance]
[Insert one opportunity in each cell using the
external factors list on the right for guidance]
[Insert one threat in each cell using the external
factors list on the right for guidance]
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COMPETITOR ANALYSIS [Refer to: http://www.injust5.com/2016/06/25/competitor-analysis-small-business-free-handouts-video/ ]
COMPETITOR PRODUCTS/ SERVICES
THEIR MARKET SHARE
THEIR POINT OF DIFFERENCE
THEIR MARKETING
THEIR STRENGTHS
THEIR WEAKNESSES
WHY THEY ARE A COMPETITOR
WHAT YOU CAN OFFER
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Point-of-difference
Our unique selling point is:
Growth opportunities
[Detail any potential growth opportunities]
Industry description and outlook
Industry description and outlook
[Describe the industry you are in (e.g. age, present structure, size in terms of $ and volume) and any major trends (both past and future) affecting your industry]
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MARKETING STRATEGY
Marketing goal(s)
[what specifically do you want to achieve from your marketing plan?]
Our primary target market – customer profile
[include demographical and other info on customer]
Our secondary target markets – customer profiles
[include demographical and other info on customer]
Pricing
[What pricing structures will you be using and why? Will your pricing structure change in the future?] Distribution
[what channels will you be using to distribute your products or services?]
Advertising and promotion
[what specific paid and non-paid activities will you undertake?]
Stakeholders
[who can you engage as potential partners, suppliers, ambassadors who can help encourage sales? Who could
detrimentally affect your sales and how will you engage them?] Evaluation
[how will you monitor and measure the success of your marketing activities?]
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FINANCES
[You will need to include a start-up budget and ongoing costs to run your business, as well as forecasts for future income and
spending.
The specific items you may include are:
Start-Up Budget
Annual Profit Budget – Year 1 and 2
Cash Flow Forecast including projected cash flow by quarter
Balance Sheet – forecasted opening balance sheet and year-end balance sheet
Break-Even Analysis.
Use our FREE budgeting templates to forecast your sales and costs as well as your break-even point. Then attach the
completed documents to this business plan]
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Risk management
Detail below internal and external scenarios that may directly affect your business:
(Use the following for ‘Likelihood’ and ‘impact’. L = low, VL = very low, M = medium, H = high, VH = very high)
Risk description
Lik
elih
oo
d
Imp
ac
t
Pri
ori
ty
Preventative action Contingency plans
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HUMAN RESOURCES
KNOWN EMPLOYEES POSITION KEY SKILLS,
EXPERIENCE & QUALS ROLE IN THE BUSINESS
[Include an organisational chart – include details of whether part-time, full-time, casual, permanent or contract]
Wages estimate
[Insert details of wages and salaries estimates] Employee conditions and awards
[Insert details of employee conditions and awards] Training and development
[Insert details of any planned or required training and development activities]
WORKPLACE HEALTH, ENVIRONMENT AND SAFETY
[Insert details of workplace environment, health and safety requirements]
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EQUIPMENT AND ASSETS
EQUIPMENT NEEDED DETAIL STATUS
IT Hardware Office equipment
STOCK AND INVENTORY (FOR PRODUCTS)
STOCK/INVENTORY DETAIL STATUS
SYSTEMS
KEY SYSTEMS DETAIL STATUS
Point of Sale Accounting and payroll
Warehousing Logistics
Customer management