Business Plan Template - Westpac
Business Plan[Name of Business]Instructions pagePLANYOURBUSINESS.Business Plan TemplateYou have the opportunity to complete a Business Plan for your business usingthe following template. INSERT ICON Where you see this icon throughout the modules, you will begiven an activity to complete a particular section of your Business Plan.By the end of the course, you should have a Business Plan for your business.Remember to save your Business Plan document after completing eachactivity, so that it is ready for subsequent activities.Before printing your Business Plan:a) Delete these instructionsb) Right click the Table of Contents andchoose Update Table - Update Entire Tablec) Delete comments in right hand marginonce the section is complete.d) Delete this instructions page prior to printso it is not included in your plan.DELETE PAGE AFTER PRINTING[can you put this on a lean on the bottom half of this page like a watermark]WPBW616 (04/13) 340842
Business Plan[Name of Business][Insert logo][Insert Business Name]BUSINESS PLANAs at [Insert date]Page 1 of 16
Business Plan[Name of Business]Business PlanCONTENTSIntroduction .3Product .4People .6Place .7Promotion .8Price .9Performance .10Risk analysis .11Contingency planning . 14Succession Planning . 15Building a Support Team . 16Page 2 of 16
Business Plan[Name of Business]IntroductionBusiness NameBusiness ProfileMission StatementCore ValuesGoals1. Long-term vision:2. Short to mid-term vision:Page 3 of 16
Business Plan[Name of Business]ProductProduct OverviewCustomer ProfileCompetition ProfileCompetitor AnalysisFactorMy BusinessRating out of 10Competitor 1Rating out of 10Competitor 2Rating out of 10Commented [N1]:1.Come up with a list of factors that are important in yourand list in the first column.Competitor business3Rating out of 2.Rate10both your business and competitors out of 10 oneach factor.3.You may wish to get someone else you trust to give yousome honest feedback to assist you with rating yourbusiness. Your employees may also have valuablefeedback.Unique Selling PropositionPage 4 of 16
Business Plan[Name of Business]Technical SpecificationProduction and Distribution ProcessPage 5 of 16
Business Plan[Name of Business]Commented [N2]:1.Draw an organisational chart for the business and identifythe major functions of the business. This can be done for asole trader to identify the different roles that must becovered, i.e. owner/investor, CEO, then operations,marketing, finance, HR, sales, service.PeopleOrganisational Chart2.Under each function list the key relationships andresponsibilities of the role.3.Then, identify the skills required and desired behaviouralcompetencies for each role.RelationshipsResponsibilitiesSkillsBehaviours (values)Page 6 of 16
Business Plan[Name of Business]PlaceLocation decision matrixLocation AFactor (a)Importance (b)Score(c)Total(d)Location BScore(c)Total(d)Location CScore(c)Total(d)Commented [N3]:a) Factor: list the criteria being considered for the location.Include criteria that are most relevant to the business.b) Importance: rate the importance of each factor using anumerical scale of 1 – 10, with 10 being the most important.c) Score: rate how well each location meets the criteriausing a numerical scale of 1 – 5, with 5 being the most ideal.d) Total for each factor and location: multiply the weightingof the criteria against the score for the location. i.e. (b) x (c) (d) in the table below.For example:Factor: Access to customersImportance: 10Score for location A: 3Final score for location 1: 10 x 4 40TOTAL (e)0Location Overview00e) Final scoring for each location: tally up the scores foreach location, i.e. add all scores in the Total (d) columntogether. The location with the highest score should logicallybe the best location for the business.f) If you don't tend to intuitively agree with the outcome,recheck your factors and ratings of importance, then checkyour score for each location and your totals.Commented [N4]: (b) x (c) (d)Commented [N5]: Right click and choose update to havethis field re-calculate the total for you.Page 7 of 16
Business Plan[Name of Business]PromotionTarget MarketCustomer NeedElevator pitchFor , who are . is a that will.Customer CommunicationPage 8 of 16
Business Plan[Name of Business]Price1. Consider the Price-Quality-Speed Triangle and identify where your product is located.2. Then, identify how this, and any other factors such as increasing costs, affects your pricing strategy andwhether this is consistent with current pricing and note any changes that may need to be implemented .Price, Quality, Speed TrianglePricing factors for considerationPricing strategyPage 9 of 16
Business Plan[Name of Business]Performance1. Identify up to 5 Key Performance Indicators that align to the Purpose of the business.2. Then consider how this could be measured under each of the ‘P's’ below.3. Finally, identify when and how this measurement is to be implemented (short, medium, or long term), takinginto consideration the ease and cost plementationPage 10 of 16
Business Plan[Name of Business]Risk analysisSWOT e 11 of 16
Business Plan[Name of Business]PEST s that will turn weaknesses and threats into strengths and opportunities:Actions that will mitigate some of the threats imposed by the external environment:Page 12 of 16
Business Plan[Name of Business]Asset calculatorAssets At Risk – CalculatorPlant Equipment Fixtures and Fittings Stock TOTAL Sales revenue Rent Loan repayments/interest Other TOTAL GRAND TOTAL Estimated cost ofreplacementRisks (1 to 7)Severity (1 to 5)Estimated cost ofdisruption(assume 1 week)Risks (1 to 7)Severity (1 to 5)1. Human error2. Equipment failure3. Supplier and other 3rd Party Failure4. Environmental hazard5. Disasters6. Sabotage7. Changing market trendsPage 13 of 16
Business Plan[Name of Business]Commented [N6]: 1.Think about the impact the followingseven categories might have in the business. Write yourthoughts next to each category.Contingency planningImpact onbusinessActionsto mitigateHuman errorBywhen?Who?2.Now consider some of the actions that need to be taken inorder to mitigate and/or improve these impacts and recordthem in the third column.3.Lastly, nominate a date for these actions to beimplemented and assign someone to be responsible forensuring it happens.EquipmentfailureSupplier and3rd hangingmarket trendsPage 14 of 16
Business Plan[Name of Business]Succession PlanningLong term Personal GoalsLong term Business GoalsPage 15 of 16
Business Plan[Name of Business]Building a Support TeamTeam memberNameContact detailsExample:AccountantJoe Bloggs123 ABC StreetBloggsville1234Ph: XXXX XXXXMb: 04XX XXX XXXPage 16 of 16
PLAN YOUR BUSINESS. Business Plan Template You have the opportunity to complete a Business Plan for your business using the following template. INSERT ICON Where you see this icon throughout the modules, you will be given an activity to complete a p
Westpac where a transaction is made in foreign currency. 11 Fees and charges Bank fees and charges. Westpac reserves the right to charge the account linked to your Westpac Debit Mastercard with fees and charges for the provision and operation of your account. Current
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6 - OUTLOOK & SENTIMENT REVENUE & INVESTMENT CHALLENGES, RISKS & COMPETITION MACRO INFLUENCES EXECUTIVE E-COMMERCE 2018 WESTPAC AUSTRALIA-CHINA BUSINESS SENTIMENT SURVEY FOREWORD SUMMARY DEMOGRAPHICS As Australia's first bank with a deep 40 year heritage in the Greater China region, Westpac has traditionally played an important
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Business plan template This business plan template will help you create your own business plan from scratch. The secret is to keep your plan short and practical, so it's easy to implement - otherwise it'll end up gathering dust on a shelf. For some helpful tips before you get going with this template
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