Business Plan
You are here with a dream about having your own business.
With approx. 2 mil. Small Businesses in Australia you are not alone.
A question is “are you ready to start your new Business?”
Too many small businesses have a life span of less than three years because
no real business plan with enough groundwork has been done before they started.
Groundwork like:
Reason to be self-employed. Changes to private life.
Type of business setup. Product(s) or work type
Cost accounting. Marketing Competition
Common costs etc. 3 years budget
Cash-flow. Capital needs.
are the nuts and bolts of your venture and the best insurance policy for
your dream. The groundwork is your goals quantified into some
measurable realities and figures.
When you operate your business and discrepancy between reality and
planning appears, correction can be done in time to avoid loss of
money or a crash.
Success in your venture depends on who is running the business.
Make sure you run the business,
and not the business
that runs you.
Cost accounting and gross profit
These two topics create the living space for you new Business. What footing do in a house, cost accounting do for your new business, but is too often neglected. Cost accounting is as footings are in a house hidden underneath the sales price.
You must have an accurate cost control of all the product you sell because lack of this, is a major reason for a small business to crash or lose money.
Gross profit or markup is like rooms in a house. It is where your new business live. Gross profit is added to the cost price to get the sales price. Out of this gross profit you will have to pay all general cost, wages, etc.
- You can add a quick quote or a tagline from an expert in your team.
Benjamin Richardson
Debtors
A short description to tell people about the topic mentioned above. Elaborate on it and explain how to go about with an issue or a situation like this. Gain people's confidence and encourage them to hire you.
- You can add a quick quote or a tagline from an expert in your team.
Gloria Rose
Cash-Flow
A short description to tell people about the topic mentioned above. Elaborate on it and explain how to go about with an issue or a situation like this. Gain people's confidence and encourage them to hire you.
- You can add a quick quote or a tagline from an expert in your team.
Walter Myers
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