Introduction
The business planning and formulating is not as easy and simple as it seems just like to run operations and deal with staff. To start a new business, it is very important to understand the nature and role of entrepreneurship. Many entrepreneurs have succeeded, and many have failed in the past, it means that there is something exist that can differentiate the successful and failure entrepreneurs. Before conducting a plan for the new business of wedding planner services, it is needed to understand the needs, challenges and risks in the development of new business and how these challenges and risks can be dealt with meeting the business requirement. Therefore, the paper is intended to develop a help guide for the business owner of wedding planner services to understand that how to start a new business keeping its nature in mind and what are the basic requirements for planning for the new business.
Nature of Entrepreneurship and its role in business
Before developing a guide for the startup business of wedding planner services, it is important to overview about the nature of entrepreneurship in general. According to Griffin (2013), entrepreneurship is the course of action of planning a business venture along with organizing, developing, operating and focusing on the risks in the business venture and therefore, someone who engages in entrepreneurship is known as an entrepreneur.
Entrepreneurship is different from simple business management and ownership that is simply focusing on hiring the people and running business premises (McClelland, 1987). Therefore, the business owner of wedding planner service is needed to engage in the business planning and organizing focusing on many different areas to conduct the business successfully. For this purpose, the owner is needed to mainly focus on the following practices of entrepreneurship to be followed as a guide to start a new business of wedding planner services.
Innovation
According to one of the leading entrepreneurs of the world, Steve Jobs, innovation is the key factor that differentiated the leaders and followers (Woo, 2013). It means that innovation is the most important and dynamic characteristics of entrepreneurship. Before going to develop a business venture for wedding planner services, business is required to think of something innovative and differentiated from what is already available on the market, and more can meet the requirement and demands of the customers in the market (Griffin, 2013).
The business pool is filled up with various successful entrepreneurs that are the examples of the new business owners and entrepreneurs. Few of them include Steve Jobs (the founder of Apple Inc.), Larry Page (the co-founder of Google Company), and Bill Gates (the innovator of PC computers) (Kim, 2015; Handricks, 2013) and many others such as Wall Mart, Nestle, and Zara, etc. All of these entrepreneurs developed innovative ideas for their businesses such as Nestle was brought with the idea to offer non toxic and clean products for the babies. Similarly, Zara brought the innovative idea of fast fashion retailing. This is how the business entrepreneurs help their companies to be successful in the competitive marketplace.
The business owner of wedding planner services is needed to focus on his own capabilities and also develop social interactions in its network to bring creative ideas to offer innovative services to the bride and groom for their weddings. Rather than simply offering the trendy and traditional services as a follower of the trend, the business owner has to consider something new and to make others follow a new trend. The entrepreneur without innovation is just a business owner that only runs a business as premises rather than developing the business with the creative ideas and innovations and advancement (Low & MacMillan, 1988). Therefore, the first major guide for the business owner of wedding planner service is to think differently, bring ideas and develop a business based on innovative wedding services rather than traditional consultancy and planning.
Finance
Other than the innovation, finance is another important factor that drives the new business ventures. Even, it can be said that innovation and innovation business development is not possible without finance. The insufficient finances and funds cannot lead the company to invest in the innovativeness and creativity. The business owner has to have access to the amount of money to manage the investments for the innovative business.
A study has claimed that financing is one of the most important parts in the process of developing business venture and the innovation. Therefore, it is suggested to the business owner that for the business planning, the first major step is to access to the finances to ensure that there are adequate and enough funds to start a business with innovations.
Job creation
Many studies have claimed that entrepreneurship process is directly meant to create and develop employment and job. For the actual entrepreneurs, it is considered that they are essential for the economic competition and growth and contribute in the job creations (Griffin, 2013). It means that any new business must be planned with creating employments and jobs in the market to be successful for long term existence and support. The successful entrepreneurs in the world have developed with running across the mission of creating employments in the market (Bird & Schjoedt, 2009). Therefore, the wedding planner services business needs to identify the jobs it can offer in the market while planning for the business venture development.
Distinctive competencies
Being an entrepreneur, the business owners are required to develop the distinctive competencies for the business growth and success in the competitive marketplace (Bird & Schjoedt, 2009). The distinctive competencies are essential to solve the business problems and challenges, not the existing ones but the new problems and issues (Houston, 2000). For the distinctive competencies, the business owners of wedding planner service are required to identify the unique skills and abilities of the company to compete with the competitors in the market.
Elements to formulate a business plan for startup organization
For any startup organization, a complete business plan is required to design keeping all the essential requirements, outcomes and needs of the business in mind. A business of wedding planner services is also not exempt from this rule. Therefore, it is important for the business owners to understand how to conduct a plan for business and what elements are required to develop a business plan for the new startup company. The following are the major important elements to formulate a business plan on the basis of the template given in the appendix:
Describe the business details
While a business plan is going to formulate, the first and major element is to describe the business in detail. Therefore, the owners of wedding planner service have to define the business with all background details such as the basic products and services, the name of the company, location of the company, trademark, registration number, business license details, and permits, etc. Therefore, the wedding planner service providers are just needed to facilitate the information about the name of the company, registration number, basic services for wedding planning and location of the business going to select. This basic information can be covered under the single heading of business description, or they can be defined in individual subheadings (Appendix). However, the business description will help the reader to understand that the plan below is all about what business and activities and either of their interest or not.
Develop a plan for organizational management and ownership
Once, the owners decide the business and its name and products then they are needed to plan the organization. This means how the business will run within an organization i.e. who will manage the business activities, what type of ownership, the structure of the organization, job design, employment strategies and policies, etc. (Schmitt-Rodermund, 2004). It is already mentioned above that job creation is an important aspect of entrepreneurship, therefore, planning for the organization of wedding planner services must ensure that who and how the company is going to employ. Under this perspective, the business planner can cover many areas in different subheadings such as organizational structure, type of ownership, personnel plan, etc. (Appendix).
Description of services in detail
Although, the services and products are already mentioned in the business description. However, the detailed individual description of services is also needed in the business plan. The owners of wedding planner services have to explain each service in detail and its benefits to the end users or customers.
Furthermore, what will be the charges or prices of the services also require being included in the business plan. The product features, benefits to the customers and prices will help the company to decide its positioning statement. Hence, the business owners of a wedding planner are needed to define the service and prices, pricing strategy, positioning strategy, differentiation and unique selling position. Here, the company can also explain the potentials to growth in the services in future.
Research and development
As it is already suggested that the entrepreneurs must be innovative while going to start a new business venture, therefore, research and development (R&D) is very important to meet this major requirement of business planning and development. The plan of wedding planner services is needed to explain that who and where the company will conduct its research and development and who will be responsible for R&D and innovation.
When the business provides innovations in the services or products, it is important to protect the right of intellectual property. Therefore, the plan of protecting intellectual property for innovative services in wedding planner service is also important to include in the business plan.
Identify risks and conduct a plan to deal with these risks
The risk management planning is one of the most important parts of business planning. Any business either start up or existing can face various risks that can either impact positively or negatively on the success and progress of the business. Therefore, the plan for risk management is very important. The wedding planner service business is firstly required to conduct the analysis of the business situation to identify all possible risks to the business. The risks must be defined with their likelihood and possibilities and the intensity of their impacts so that they can be prioritized to deal with them in the management plan.
After identifying the risks and their impacts, the owners must also plan a strategy to deal with each risk individually to reduce their negative impacts and increase positivity.
Identify legal regulations
The legal and regulatory terms and conditions in the context of the business nature can impact the progress and success of the business venture. Therefore, during the business planning formulation, the business owners or planners of wedding planner service must identify and understand each law, regulation and legal concerns related to business such as law for customer service, law for employees, health and safety regulations, sustainability regulations etc within the context of their region or state where the business will exist.
Plan day to day operations of business
The plan for operations is the most important part of the business plan (Appendix). When the business of wedding planner service will be planned, it must decide and explain the process of operations of the business such as whom and how will meet the clients, how they will be offered with the services and packages of wedding planning. It can include the plan for tools, machines, and equipment used for daily operations, inventory management, booking management, working and business hours, methods for payments, etc. (Appendix).
Ensure sustainability or green business
During the business plan, it is also required to explain that none of the activities of the company will be harmful and dangerous to the community, society and environment such as the company will not cut trees for its business purpose, etc. With the growth in the environmental problems and issues, the concerns for sustainable and green business are increased from over the last few years. Therefore, it is essential for the business planner to ensure that the business will be sustainable for the environment. Therefore, “how it will ensure the sustainability” is required to explain in the business plan (Appendix).
Research market
Before going to start any new business, it is essential to research and analyze the market that can include the analysis of market trends, market demand, market drivers, competitors, nature of target customers, etc. Therefore, the business developers of wedding planner services are guided to research their target market to understand the market demand and need so that the growth, profitability, and sales can be forecasted. Here, the plan can include each separate subheading for the explanation about each aspect of the market such as competitors, customers, trends, demand, etc. (Appendix).
Elements to manage rapid growth and overcoming obstacles
The major aim and purpose of any business is to grow and develop. However, the growth is not easy for the startup and newly developed businesses. Being a new business, the company can face various obstacles and challenges that can create hindrances in its way to successful entrepreneurship. These obstacles can include the lack of investment and capital, unskilled management of the business, lack of a clear plan of business, lack of communication and insufficient flow of information about what is working and what needs to change from (King, 2007). Therefore, a company is required to plan the strategies to deal with these obstacles and ensure the future growth of the business.
Future plan
For this purpose, the business owners can plan future strategies and actions that can include a mission statement, vision statement, the objectives to be achieved and the time to stare and complete each expected growth activity such as 10% sales will increase by the end of 2017. It means that the company is needed to arrange all resources, skills, and capabilities to meet this target.
Financials
Other than the future plan, the financial planning and forecasting is also essential to deal with an obstacle and manage business growth. The financial plan must include the startup cost, expenses of the business, forecasted sales, and growth in sales, forecasted revenue, profit and loss, cash flows and breakeven point. It will help the company to identify that either the business will be successful even to meet the actual cost or the company will decline each year.
Conclusion
On the whole, it can be summarized as that for wedding planner service business venture, the business owners can formulate a successful business plan following the guideline provided above and developing each point as a separate heading and subheading in the business plan to simplify and easy to search for each information required by the readers of the plan.
List of References
Bird, B., & Schjoedt, L. (2009). Entrepreneurial behavior: Its nature, scope, recent research, and agenda for future research. In Understanding the entrepreneurial mind (pp. 327-358). Springer New York.
Griffin, R. (2013). Fundamentals of management. Cengage Learning.
Handricks, D. (2013). Top 10 Entrepreneurs In 2013. Available from http://www.forbes.com/sites/drewhendricks/2013/12/17/top-10-entrepreneurs-in-2013/#7a8358bf5326 [Accessed 14 April 2016]
Houston, E. (2000). Understanding Distinctive Competence. Available from http://www.di.net/articles/understanding-distinctive-competence/ [Accessed 14 April 2016]
Kim, L. (2015). 11 Most Famous Entrepreneurs of All Time (and What Made Them Wildly Rich). Available from http://www.inc.com/larry-kim/11-most-famous-entrepreneurs-of-all-time-and-what-made-them-wildly-rich.html [Accessed 14 April 2016]
King, J. (2007). Overcoming Challenges that Prevent Small Business Growth. Available from http://www.canadaone.com/ezine/april07/small_business_growth_challenges.html [Accessed 14 April 2016]
Low, M. B., & MacMillan, I. C. (1988). Entrepreneurship: Past research and future challenges. Journal of management, Vol. 14. No. 2, pp. 139-161.
McClelland, D. C. (1987). Characteristics of successful entrepreneurs*. The journal of creative behavior, Vol. 21, No. 3, pp. 219-233.
Schmitt-Rodermund, E. (2004). Pathways to successful entrepreneurship: Parenting, personality, early entrepreneurial competence, and interests. Journal of Vocational Behavior, Vol. 65, no. 3, pp. 498-518.
Woo, B. (2013). 'Innovation Distinguishes Between A Leader And A Follower'. Available from http://www.forbes.com/sites/bwoo/2013/02/14/innovation-distinguishes-between-a-leader-and-a-follower/#6e6df2874fbe [Accessed 14 April 2016]
Appendix
Business Plan Template
business.gov.au
Business Plan template
A good business plan can help you secure finance, define the direction of your business and create strategies to achieve your goals. The business.gov.au Business Plan template steps you through the process of creating a solid, well-structured plan tailored to your business.
New! Create your business plan on your tablet by downloading our free MyBizPlan tablet app. Visit www.business.gov.au/apps now!
Copies of the latest version of this template and the guide can be downloaded from www.business.gov.au/businessplan.
If you need further information, assistance or referral about a business issue, please contact business.gov.au on 13 28 46.
Using this template
Before you complete this business plan template and start using it, consider the following:
Do your research. You will need to make quite a few decisions about your business including structure, marketing strategies and finances before you can complete the template. By having the right information to hand you also can be more accurate in your forecasts and analysis.
Determine who the plan is for. Does it have more than one purpose? Will it be used internally or will third parties be involved? Deciding the purpose of the plan can help you target your answers. If third parties are involved, what are they interested in? Although don’t assume they are just interested in the finance part of your business. They will be looking for the whole package.
Do not attempt to fill in the template from start to finish. First decide which sections are relevant for your business and set aside the sections that don’t apply. You can always go back to the other sections later.
Use the [italicised text]. The italicised text is there to help guide you by providing some more detailed questions you may like to answer when preparing your response. Please note: If a question does not apply to your circumstances it can be ignored.
Download the Business Plan Guide. The business plan guide contains general advice on business planning, a complete overview of the business plan template and a glossary explaining the main terms used throughout this template.
Get some help. If you aren’t confident in completing the plan yourself, you can enlist the help of a professional (i.e. Single Business Service, Business Enterprise Centre, business adviser, or accountant) to look through your plan and provide you with advice.
Actual vs. expected figures. Existing businesses can include actual figures in the plan, but if your business is just starting out and you are using expected figures for turnover and finances you will need to clearly show that these are expected figures or estimates.
Write your summary last. Use as few words as possible. You want to get to the point but not overlook important facts. This is also your opportunity to sell yourself. But don’t overdo it. You want prospective banks, investors, partners or wholesalers to be able to quickly read your plan, find it realistic and be motivated by what they read.
Review. Review. Review. Your business plan is there to make a good impression. Errors will only detract from your professional image. So ask a number of impartial people to proofread your final plan.
For advice and examples on how to complete this template, please download the business.gov.au Business Plan guide from www.business.gov.au/businessplan.
Scan to watch our business planning video:
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[Wedding Planner services]
[Bride & Groom]
[Main Business Address]
ABN: [ABN]
ACN: [ACN]
[Bride & Groom]
Business Plan
Prepared: [Date prepared]
[Your business summary should be no longer than a page and should focus on why your business is going to be successful. Your answers below should briefly summarise your more detailed answers provided throughout the body of this plan.]
The Business
Business name: [Enter your business name as registered in your state/territory. If you have not registered your business name, add your proposed business name.]
Business structure: [Sole trader, partnership, trust, company.]
ABN:[Registered Australian business number.]
ACN: [Registered Australian company number, if applicable.]
Business location: [Main business location]
Business owner(s): [List all of the business owners.]
Relevant owner experience:[Briefly outline your experience and/or years in the industry and any major achievements/awards.]
Products/services:[What products/services are you selling? What is the anticipated demand for your products/services?]
The Market
Target market:
[Who are you selling to? Why would they buy your products/services over others?]
Marketing strategy:
[How do you plan to enter the market? How do you intend to attract customers? How and why will this work?]
The Future
Vision statement:
[The vision statement briefly outlines your future plan for the business. It should state clearly what your overall goals for the business are.]
Goals/objectives:
[What are your short & long term goals? What activities will you undertake to meet them?]
The Finances
[Briefly outline how much profit you intend on making in a particular timeframe. How much money will you need up-front? Where will you obtain these funds? What portion will you be seeking from other sources? How much of your own money are you contributing towards the business?]
The Business
Business details
Products/services:[What products/services are you selling? What is the anticipated demand for your products/services?]
Registration details
Business name: [Enter your business name as registered in your state/territory. If you have not registered your business name, add your proposed business name.]
Trading name(s): [Registered trading name(s).]
Business structure:[Sole trader, partnership, trust, company.]
ABN:[Registered Australian Business Number.]
ACN: [Registered Australian Company Number, if applicable.]
GST: [Are you registered for Goods and Services Tax? Date registered?]
Domain names:[Registered domain names.]
Licences & permits: [List all the licences or permits you have registered]
Business premises
Business location: [Describe the location and space occupied/required. What is the size of the space you occupy/require? Which city or town? Where in relation to landmarks/main areas? If you have a retail business, where are you in relation to other shops? What is the retail traffic like?]
Buy/lease: [If you have purchased a business premises or are currently leasing, briefly outline the arrangements. If you are still looking for a lease, outline your commercial lease requirements and any utilities/facilities required.]
Organisation chart
[Outline your business structure in an organisation chart.]
Figure 1: Example Organisation Chart.
Management & ownership
Details of management & ownership: [As the owner(s), will you be running the business or will a Chief Executive Officer (CEO) be running the business on your behalf? What will be your involvement? If it is a partnership briefly outline % share, role in the business, the strengths of each partner and whether you have a partnership agreement/contract in place?]
Experience: [What experience do the business owner(s) have?How many years have you owned or run a business? List any previous businesses owned/managed. List any major achievements/awards. What other relevant experience do you have? Don’t forget to attach your resume(s) to the back of your plan.]
Key personnel
Current staff
[List your current staff in the table below.]
[List your required staff in the table below.]
Recruitment options
[How do you intend on obtaining your required staff? Advertising in the local paper, online advertising, and/or training current staff members?]
Training programs
[Are there any training programs you will be organising in the event you cannot find the required skills? Are these in-house or external providers? What training will you as the business owner/manager undertake to keep your skills current?]
Skill retention strategies
[What procedural documentation will you provide to ensure the skills of staff are maintained? Do you have an appropriate allocation of responsibilities? How are responsibilities documented and communicated to staff? What internal processes will you implement to regularly check that the current skills of staff members are still appropriate for the business?]
Products/services
Market position: [Where do your products/services fit in the market? Are they high-end, competitive or budget? How does this compare to your competitors?]
Unique selling position: [How will your products/services succeed in the market where others may have failed? What gives your products/services the edge?]
Anticipated demand: [What is the anticipated quantity of products/services your customers are likely to purchase? For example, how much will an individual customer buy in 6 months or 12 months?]
Pricing strategy: [Do you have a particular pricing strategy? Why have you chosen this strategy?]
Value to customer: [How do your customers view your products/services? Are they a necessity, luxury or something in between?]
Growth potential: [What is the anticipated percentage growth of the product in the future? What will drive this growth?]
Innovation
Research & development (R&D)/innovation activities
[What R&D activities will you implement to encourage innovation in your business? What financial and/or staff resources will you allocate?]
Intellectual property strategy
[How do you plan to protect your innovations? List any current trade marks, patents, designs you have registered. Do you have confidentiality agreements in place?]
Insurance
Workers compensation: [Provide details if you have workers compensation insurance? This is mandatory if you have employees.]
Public liability insurance: [Provide details if you have public liability insurance? This covers any third party death or injury.]
Professional indemnity: [Provide details if you have professional indemnity insurance? This covers any legal action taken out as a result of your professional advice.]
Product liability: [Provide details if you have product liability insurance? This covers any legal action taken out as a result of injury, damage or death from your product.]
Business assets: [Provide details if you have insured your business assets in the event of a fire, burglary, or damage? For example: building, contents, motor vehicles.]
Business revenue: [Provide details if you have insured your business in the event of business interruption where you cannot trade because of a particular event and are unable to make money?]
Risk management
[List the potential risks (in order of likelihood) that could impact your business.]
Legal considerations
[List the legislation which will have some impact on the running of your business. For example: consumer law, business law, or specific legislation to your industry.]
Operations
Production process
[What is the process involved in producing your products or services. This process will vary depending on your product or service. Here are some examples of questions you may consider. Is there a manufacturing process? Who is involved in the process? Are there any third parties involved? What is involved in delivering the service to your customers?]
Suppliers
[Who are your main suppliers? What do they supply to your business?How will you maintain a good relationship with them?]
Plant & equipment
[List your current plant and equipment purchases. These can include vehicles, computer equipment, phones and fax machines.]
Inventory
[List your current inventory items in the table below. If you have a substantial inventory, you may prefer to attach a full inventory list to the back of this business plan.]
Technology (Software): [What technology do you require? For example: website, point of sale software or accounting package? What will be the main purpose for each? Will they be off-the-shelf or purpose built? What is the estimated cost of each technology solution?]
Trading hours: [What are your trading hours? What are your expected peak trading times? Which times do you expect to be more profitable? How will this change over different seasons? How do your trading hours accommodate these changes?]
Communication channels: [How can your customers get in contact with you? These channels can include: telephone (landline/mobile), post box, shopfront, email, fax, internet blog or social media channel.]
Payment types accepted: [What payment types will you accept. cash, credit, cheque, gift cards, Paypaletc]
Credit policy: [What is your credit policy for customers/suppliers? How long is the credit period? What are your collection strategies/procedures? What credit does your business receive? What are the terms?]
Warranties & refunds: [If you manufacture certain goods, what are the warranty terms? What is your business refund/exchange policy?]
Quality control:[Describe your quality control process. What checks or balances do you have in place to ensure the product or service you offer is produced to the same standard of quality? What steps do you take to meet product safety standards?]
Memberships & affiliations:[Is your business a member of any particular industry association or club? Do you have any affiliations with any other organisation?]
Sustainability plan
Environmental/resource impacts
[Describe the impact your business could potentially have on the environment. E.g. a particular manufacturing process may contribute negatively on the local water supply.]
Community impact & engagement
[How does your environmental impactaffect the local community? How can you engage the community in minimising your impact?]
Risks/constraints
[List any risks/constraints to your business resulting from this environmental impact?]
Strategies
[What strategies will you implement to minimise/mitigate your environmental impact and any risks to your business? Will you conduct an environmental audit? Have you introduced an Environmental management system?]
Action plan
[List your key sustainability/environmental milestones below?]
The Market
Market research
[What statistical research have you completed to help you analyse your market? Did you use a survey/questionnaire? If so, you may like to attach a copy of your survey/questionnaire to the back of this plan.]
Market targets
[Outline your planned sales targets. What quantity of your products/services do you plan to sell in a planned timeframe? Are they monthly or yearly targets?]
Environmental/industry analysis
[Detail the results of the market research you have performed. Is the area experiencing population growth? Are there long-term employers in the area? Is the region's economy stable? Are there seasonal variations?
What is the size of the market? What recent trends have emerged in the market? What growth potential is available and where do you fit in? How will the market/customers change when you enter the market?]
Customer demographics
[Define who your target customers are and how they behave. You can include age, gender, social status, education and attitudes.]
Key customers
[Identify your key customers. (These can be large consumers of your products or individuals whose satisfaction is key to the success of your business.) How will you target your products/service to them?]
Customer management
[How will you maintain a good relationship with your customers? What techniques will you use? How will you keep your customers coming back? Have you introduced customer service standards?Do you follow any particular code of practice?]
S.W.O.T. analysis
[List each of your businesses strengths, weaknesses, opportunities or threats in the table below and then outline how you plan to address each of the weaknesses/threats.]
[How do you rate against your competitors? How can your business improve on what they offer?]
Competitor details
[List at least 5 competitors in the table below.]
Advertising & sales
Advertising & promotional strategy
[What strategies do you have for promoting and advertising your products/services in the next 12 months?]
Sales & marketing objectives
[Who makes up your sales team? What sales techniques will they use? What tools/material will they use to help sell your products/services? What sales goals/targets will they meet?]
Unique selling position
[Why do you have an advantage over your competitors? How will your products/services succeed in the market where others may have failed?]
Sales & distribution channels
The Future
Vision statement
[What is your business' vision statement? It should briefly outline your future plan for the business and include your overall goals.]
Mission statement
[What is your business' mission statement? I.e. how will you achieve your vision?]
Goals/objectives
[What are your short & long term goals? What activities will you undertake to meet them?]
Action plan
Please note: This table does not include sustainability milestones as they are listed in the sustainability section above.
The Finances
Key objectives & financial review
Financial objectives
[List your key financial objectives. These can be in the form of sales or profit targets. You could also list your main financial management goals such as cost reduction targets.]
Finance required
[How much money up-front do you need? Where will you obtain the funds? What portion will you be seeking from loans, investors, business partners, friends or relatives, venture capital or government funding? How much of your own money are you contributing towards the business?]
Assumptions
The financial tables on the subsequent pages are based on the assumptions listed below:
[List your financial assumptions. These can include seasonal adjustments, drought or interest rates etc.]
Start-up costs for [YEAR]
[Double-click the table below to enter your details or attach your own start up costing sheet at the back of this business plan.]
Balance sheet forecast
[Double-click the table below to enter your details or attach your own profit & loss sheet at the back of this business plan]
Profit and loss forecast
[Double-click the table below to enter your details or attach your own profit & loss sheet at the back of this business plan]
Expected cash flow
[Double-click the table below to enter your details or attach your own profit & loss sheet at the back of this business plan]
Break-even analysis
[Double-click the table below to enter your details or attach your own table.Refer to the Business Plan guide from www.business.gov.au/businessplanfor the calculations.]
Supporting documentation
[List all of your attachments here. These may include resumes, inventory list, survey/questionnaire and/or financial documents.].
