Business plans

Business Plans…

…Need to be employed by anyone who is in business

…Set a strategy for future growth and can be used to attract investors and loans

…Business Plans are also kept and developed over time by existing businesses, and even started over when new opportunities arise.

They aren’t just used by start-ups…

Types of Business Plan include:

Business Plan Essentials:

• Executive Summary• Business Strategy• Marketing Strategy• Team & Management Structure• Financial Budgets & Forecasts

Executive Summary• Introduction to business

• Competitive advantages

• Brief summary of the plan

• Tactics

• Strategic Impact

• Business’s core valuesBusiness Strategy

Marketing Strategy

• SWOT Analysis• Market Research • Distribution Channels• Strategic Alliances• E-commerce & Technology• Marketing Budget• Credibility & Risk Reduction

Team & Management Structure

• Skills, Experience, Training & Retention

• Advisers• Management Systems

Financial Budgets & Forecasts

• Profit & Loss Forecast• Cash Flow Forecast• Balance Sheet Forecast• Capital Expenditure Budget• Break-even Analysis

Business.govt.nz provides free access to a wide range of resources, including tools and interactive content. It acts as a gateway to government and private sector business information, news and services.Next steps:•Writing a business plan•Free business plan template•Quick start business plan tool•SWOT analysis•Getting ready to start up•How much money do you need to start a business?

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