Location and Facilities optional 1. Company Overview There are many variations and approaches on how to lay out the various components of a business plan.
The purpose of your business The first part of your business plan should detail the reason for your business — its purpose. You may have locations spread out across New Zealand or the world if you export.
Where the opportunities are for your business — are there gaps in the market that you can exploit with a new product or service?
Your strengths and weaknesses — what does your business do well and where is there space for improvement?
For example, do you have outstanding customer service? Any threats to your business on the horizon — are you aware of any new competitors or marketing campaigns from your rivals that could impact heavily on your bottom line? You can even ask your loyal customers for their opinions.
A SWOT analysis helps you pinpoint the positives and negatives of your business, both internally and in your control strengths and weaknessesand externally and outside of your control opportunities and threats. Free business plan template Your competitive advantage A competitive advantage is simply what you do better than anyone else.
What exactly is it about your operation that is an advantage? Your competitors are off the main street, giving you a key competitive advantage over them.
This would mean your sales can be marketed as a main advantage. The smarter you can be about developing and promoting your competitive advantage, the better placed your business will be to succeed. Scope out your competitors When building your business plan, describe your main competitors. Consider all possibilities — you may have competitors on the same street, elsewhere in your town or city, throughout the country, worldwide and on the Internet.
Market research will enable you to focus your marketing budget on targeted consumers, rather than just sporadic advertising. Position your product or service Take into account the four Ps of marketing when coming up with your strategy. Price — ensure your products or services are selling for a price that will make your target customers feel like they received value for money.
Promotion — explore the numerous opportunities to promote your offerings. Some examples include magazine ads, flyers, Facebook posts and press releases. They have to be able to easily access them. Creating a business plan is a process of thinking through all the variables that are going to affect your sales.
See the business guides below for some more tips to improve your business. View Terms and Conditions The free business tools are intended as guides only and are not intended to constiture financial advice. The content of this material is for general information purposes only.
It does not take into account your personal finance situation and goals, and should not be relied on.
All opinions, statements and analysis expressed are based on information current at the time of writing from sources which Westpac believes to be authentic and reliable.Parkdale Meats butcher shop business plan executive summary.
Parkdale Meats is a startup butcher and meat shop, selling cut-to-order free-range and wild game meats to retail customers and wholesale to restaurants and caterers. Government advice on how to start your own business Home Biz Buzz offers information, tools and resources for small and home businesses throughout New Zealand Work and Income offers a Business Training and Advice Grant which supports people while they start up a new business.
Horse Training Business Plan. Ereidi Farm has presented a horse training business plan that is comprehensive and well researched. This small business wishes to move to a new location and build a world class facility to continue and complete the service it has provided.
How to write a business plan. There isn’t a one-size-fits-all formula to write a business plan. But there are some key things you should consider.
Check out our free templates — one for start-ups and a quick-focus template for growing businesses. New Zealand Government.
The business case is a reference point during the “Do” phase and used in the “Review” phase to determine whether the benefits in the business case were realised. Prior to commencing a business case it is recommended that the approach be agreed at an early stage between the sponsor/s and the reviewer/s, in particular.
Use these Standard Operating Procedure (SOPs) templates to plan, structure, write, and maintain your procedure documents. We designed these templates so they are flexible enough to work across business, technical, academic, and other industries.