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For further details
call Bruce O'Brien |
Ph: 03 9399 9939
M: 0425 768 520 |
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Why prepare a Business Plan?
Businesses generally have a business plan prepared
for the following reasons:-
- When a business owner contemplates selling, a business plan
will inform a prospective purchaser of all aspects of its day to
day running, including financials, all in one comprehensive document.
- Should a business owner feel that the business is not performing
as well as it should be, the business plan will give the owner a
focus, and will turn it around should the plan be followed.
- A tradesperson contemplating taking the next step, and starting
up on their own should prepare a business plan which will give the
new entity both focus and direction.
A business plan will contain (but will not be
limited to)
the following:-
- Owners' business profile and background
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- Overview of the business
- Marketing Plan
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- Operational Plan
- Financial Plan
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Benefits of preparing a Business Plan
- A professionally prepared business plan will have you lender ready
- Shows the feasibility and profitability of a business on paper
prior to
committing to an investment
- Shows how all issues involved in running the business are to be addressed
- Provides clear guidelines for the operation of the business
- Shows the clear direction of the business, and how to maintain its focus
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