Page 25 businessgovau business plan guide the future

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Page 25
Business.gov.au Business Plan Guide The Future Question Explanation More information Vision statement What is your business' vision statement? It should briefly outline your
future plan for the business and include your overall goals. Mission statement What is your business' mission statement I.e. how will you achieve your
vision? Goals/objectives What are your short & long term goals? What activities will you
undertake to meet them? Action plan table What are the business milestones that you need to complete starting
from today? When do you expect to complete them? Who is responsible for delivering this milestone? Please note: This table does not include sustainability milestones as they are listed in the sustainability section above. Page 26
Business.gov.au Business Plan Guide The Finances Key objectives & financial review Question Explanation More information Financial objectives List your key financial objectives. These can be in the form of sales targets or profit targets. You could also list your main financial management goals such as cost reduction targets. Finance required How much money up-front do you need? Where will you obtain the funds? What portion will you be seeking from loans, investors, business partners, friends or relatives, venture capital or government funding? How much of your own money are you contributing towards the business? Visit our Business finances topic. Assumptions Question Explanation More information Assumptions List your financial assumptions. These can include seasonal adjustments, drought, economy or interest rates etc. Start-up costs for [YEAR] table Preparing your start-up costs table The start-up costs table example contains a list of suggested costs a typical business may incur in its first year of operation. Please take these into consideration when preparing your start-up costing. Please note: The table assumes all figures are GST inclusive. Estimating costs Whether you have already started or intending to start you will need to fill in Actual or Estimated figures against the items in the table. If using estimated costs, please label them clearly. See our Prepare financial reports page in our Business finances topic. Page 27
Business.gov.au Business Plan Guide Question Explanation More information Balance sheet forecast table Preparing your balance sheet forecast The balance sheet forecast example contains a list of suggested assets and liabilities a typical business may have. Please take these into consideration when preparing your balance sheet forecast. Please note: The table assumes all figures are GST inclusive. Calculations Net assets equals Total assets minus Total liabilities . See our Prepare financial reports page in our Business finances topic. Profit & loss forecast table Preparing your profit & loss forecast The profit and loss forecast example contains a list of suggested profit items and expenses a typical business may have. Please take these into consideration when preparing your profit & loss forecast. Please note: The table assumes all figures are GST inclusive.

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