business plan

Setting up a business? A business plan is the first step to turning your idea into a reality.

When you're feeling passionate and optimistic about your idea, taking time to create a business plan may seem unimportant. However, creating a business plan now will only help you achieve your dreams. Download our business plan template here. 

Positive outcomes from planning your new business:

• a chance to set clear vision and mission statements
• analysis of your industry and competitors
• portrait of your potential customers and their buying habits
• SWOT analysis, a chance to work out your strengths/weaknesses, and strategies to maximise/minimise these
• creating a marketing strategy

Tips for completing your business plan

• you don't have to answer all sections, just those that are relevant to your business
• a business plan should be reviewed when things change within your business, your competitors or industry - or review after a year
• do your research!

Would you rather write your business plan on a mobile device? Try MyBizPlan, a free app from the Department of Innovation, Industry, Science and Research, available from the App Store and Google Play.