For your convenience, below are links to business resources and websites which will assist your business.
Business Plan Resources
A Business Plan should outline your goals and detail how you plan to achieve these goals. The great thing about preparing a business plan when you are already in business is that you are starting with hard data not just ideas. Just looking at a plan and seeing how far you have come is a great motivational tool. It can help you determine whether you have drifted too far away from your original vision and allow you to get back on track once again, or change your strategy altogether.
Writing a business plan will also help you to think more analytically about your industry and the role of your business within it. It will help you to see correlations between the different parts of your business e.g. how decreasing the costs or rising your prices will affect your overall profit margin.
The value of a business cannot be overstated. Putting ideas and concepts down on paper is invaluable and will help you steer your business the right direction.
A basic business plan template will help you to create a business plan easily. It contains a one page action plan (located within the Business Plan Template Guide) that helps you to take quick action on goals that you have set. This is a great place to get started if you haven’t got a business plan.
Basic Business Plan Template: http://www.business.vic.gov.au/setting-up-a-business/how-to-start-a-business/write-a-business-plan
A more detailed formal business plan can help you secure finance, define the direction of your business and create strategies to achieve your goals. The Australian Government’s Business Plan Template and Guide steps you through the process of developing a business plan that is solid, well-structured and tailored to your business.
Australian Government’s Business Plan Template and Guide:
The following links will lead you to financial templates on www.business.gov.au site to help assist your business
- Cash flow statement
A cash flow statement tracks all the money flowing in and out of your business and can reveal payment cycles or seasonal trends that require additional cash to cover payments.
- Profit and loss statement
A profit and loss or income statement lists your sales and expenses and helps you work out how much real profit you’re making or losing.
- Balance sheet
A balance sheet is a snapshot of your business on a particular date. It lists all of your business’ assets and liabilities and works out your net assets.
- Financial calculators
Use this template to calculate your key financial ratios and help you analyse the financial health of your business.
- Glossary of key financial terms
Find definitions for financial terms that you may come across when you are dealing with accountants and financial institutions, or while running your business.
Smart Ideas Information
Starting your business check list
- Australian Government starting business checklist PDF: https://www.nortec.org.au/wp-content/uploads/2016/04/Startingyourbusinesschecklist.pdf
- Australian Government starting business link http://www.business.gov.au/business-topics/starting-a-business/Pages/default.aspx
How to choose the best accounting software
Managing your staff
Take this opportunity to set up strong performance management systems to monitor the success and needs of your team.
- Reviewing Staff Performance templates and information on the Victorian government’s website http://www.business.vic.gov.au/hiring-and-managing-staff/staff-management/review-staff-performance
Other Great Websites For Small Businesses
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