Businesses need a strong plan that outlines what you aim to achieve and gives you a roadmap to get there. Creating your own business plan doesn’t have to be difficult, simply set aside some time to work through the various elements.
What to consider when writing a business plan
The template walks you through each stage of a business plan. It will help ensure that nothing gets missed, including essential elements such as:
- your profile
- your goals
- your marketing strategy
- your business structure.
When you’re writing your business plan, it’s important to:
- avoid long words or sentences
- use clear and concise language and avoid jargon
- identify your audience and keep them in mind when writing
- show why you care and let your passion for the business shine through
- highlight your unique value proposition
- include a realistic detailed financial plan
- think carefully through every step of your business start-up
- pinpoint weaknesses, identify your strengths and spot opportunities.
Why you should use a business plan template
A business plan template is an essential tool to help you create a clear, concise and comprehensive business plan. It can help you:
- secure funding and attract investors
- set goals and prioritise
- better control your business
- helps you seek finance.
Writing a plan can be enjoyable. It will help you highlight the ideas and activities at the core of your business, and force you to get your priorities in order too. It could also show you what success will look like, so you can begin measuring it. Each section of the template comes with brief instructions, so that you get the structure right.
When you’re finished, one of our small business bankers will be happy to go over the plan and provide advice and guidance. You can request a call back online to discuss this further.
Download our business plan template (DOC, 158KB), opens in new window and read our detailed article on writing your business plan to get started.
Use our business plan template to guide you through writing your business plan.
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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.