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The purpose of your business The first part of your business plan should detail the reason for your business — its purpose. You may have locations spread out across New Zealand or the world if you export. Where the opportunities are for your business — are there gaps in the market that you can exploit with a new product or service?
Your strengths and weaknesses — what does your business do well and where is there space for improvement? For example, do you have outstanding customer service? Any threats to your business on the horizon — are you aware of any new competitors or marketing campaigns from your rivals that could impact heavily on your bottom line?
|Our simple guide to using our business plan template - NAB||A business plan precisely defines your business, identifies your goals and serves as your firm's resume. It describes the products and services you will sell, the customers to whom you will sell them, the production, management, and marketing activities needed to produce your offerings, and the projected profit or loss that will result from your efforts.|
|The Voice of Business||Getty Images Starting your own business is so stressful, with so many things to be done, that it's easy to convince yourself that doing the bare minimum for a business plan is enough. There are a ton of business-plan templates out there, so you could always just dump your own information into one of them and run with it.|
You can even ask your loyal customers for their opinions. A SWOT analysis helps you pinpoint the positives and negatives of your business, both internally and in your control strengths and weaknessesand externally and outside of your control opportunities and threats. Free business plan template Your competitive advantage A competitive advantage is simply what you do better than anyone else.
What exactly is it about your operation that is an advantage? Your competitors are off the main street, giving you a key competitive advantage over them.
This would mean your sales can be marketed as a main advantage. The smarter you can be about developing and promoting your competitive advantage, the better placed your business will be to succeed.
Scope out your competitors When building your business plan, describe your main competitors. Consider all possibilities — you may have competitors on the same street, elsewhere in your town or city, throughout the country, worldwide and on the Internet.
Market research will enable you to focus your marketing budget on targeted consumers, rather than just sporadic advertising. Position your product or service Take into account the four Ps of marketing when coming up with your strategy. Price — ensure your products or services are selling for a price that will make your target customers feel like they received value for money.
Promotion — explore the numerous opportunities to promote your offerings. Some examples include magazine ads, flyers, Facebook posts and press releases. They have to be able to easily access them. Creating a business plan is a process of thinking through all the variables that are going to affect your sales.
See the business guides below for some more tips to improve your business. View Terms and Conditions The free business tools are intended as guides only and are not intended to constiture financial advice.
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Guide to Writing a Business Plan.
How to use this business plan. A business plan should be a living and breathing document. As your business environment changes, the plan’s actions and strategies should evolve and adapt on a periodic basis. Each free business plan template is available in Microsoft Word (DOC) format, and many of the Business Plan Forms are available in Excel (XLS) format as well.
Just choose a business plan template and download it. Use this free business plan template to map out your business’s path to profitability and growth. A business plan is a statement of your business goals and an explanation of how you plan to achieve them.
1 BUSINESS PLAN OUTLINE Use the following outline to summarize your business planning decisions. Title each section of your written plan as indicated in the outline. Write, in your own words. For a new business, a business plan helps improve your chance of securing financing and investment. Established businesses should review their business plan and update it regularly in order to provide direction for growth.
Our business plan template will help you to create a business plan easily.