Planning your business

For the second part of our series on starting your business, let’s focus on planning. After all, a goal without a plan is just a dream.

The future of your business can be mapped using a business plan, risk management plan, marketing plan, and an export strategy. In this post we’ll be going through a couple of the essential ones.

 

Business plan

Whether you’re just starting or have been in business a while, having a plan is crucial. It helps you focus on what’s important, figure out how to reach your goals, and deal with problems. Plus, if you need money from banks or investors, a good plan shows them why they should give it to you.

business.gov.au has templates that you can use, as well as some tips on creating an effective business plan.

 

Risk management plan

Every business has risks. To stay safe and protect your business, you need a plan. This plan will help you handle risks better, make your workplace safer, and prevent bad things from happening to your business.

Check out the guide to making your risk management plan at business.gov.au, as well as a free risk analysis template for you to use.

 

All of our information was sourced from business.gov.au

Feel free to reach out to us for any help!