Listen to Jeff Renfrew of The Lean Butcher share how writing a business plan - and working closely with his NAB Business Banker - helped him secure finance, launch his business, and drive fantastic first year growth.

Customer case study: The Lean Butcher

Jeff Renfrew from Jannali in NSW talks about his small business, The Lean Butcher.

When Jeff first set up his business, one of his initial challenges was how to make a business plan - because he knew it was critical to secure small business financing.

As Jeff says, “You may know what you want to do and achieve, but unless you can put it down on paper, it’s really hard to present to your bank manager [and] accountant.”

Writing a business plan is key to securing business capital and growing a business. It not only outlines business viability, but details strategy, funding requirements and financial projections.

With rapid growth over the last 12 months, in this video Jeff offers some tips for growing a business. He advises not to worry about the competition, but rather to work on building relationships and providing value and service. New business growth is not just about the product, he says, but ensuring your offering is substantially better than others on the market.

All business is underpinned by relationships. Hear also how Jeff’s wife Leonie takes care of the bookkeeping, brand and marketing strategy, and Jeff maintains a close relationship with Dennis, his NAB Business Banker.

Business planning

Important information

The information contained in this article is correct as of July 2018 and is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, NAB recommends that you consider whether it is appropriate for your circumstances. NAB recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.

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