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Creating a business plan

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How will you get your products or services to your customers? Will they come to you e. Can you use joint ventures or allliances to distribute your products or services? Consider both internal factors e. Your financial forecasts are one of the most important parts of your business plan. You can turn your plan into action by setting specific goals for each aspect of your business - and importantly, by measuring your progress towards them.

The key is to make your goals realistic. No market stays the same. Your business will face different challenges and opportunities over time. Put aside some time in your diary for this, otherwise it will get lost amongst all the other things you have to do. Our business plan template can help you create your own business plan from scratch. This material is provided as a complimentary service of ANZ.

It is prepared based on information and sources ANZ believes to be reliable. Its content is for information only, is subject to change and is not a substitute for commercial judgement or professional advice, which should be sought prior to acting in reliance on it. To the extent permitted by law ANZ disclaims liability or responsibility to any person for any direct or indirect loss or damage that may result from any act or omissions by any person in relation to the material.

This material is for information purposes only. Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product.

Your Hub Login Your email. Do you really need a business plan? Getting started - what do you put in a business plan? You should make note of this in an executive summary that introduces your business plan.

The first part of your business plan should detail the reason for your business — its purpose. You may have locations spread out across New Zealand or the world if you export.

You can even ask your loyal customers for their opinions. A SWOT analysis helps you pinpoint the positives and negatives of your business, both internally and in your control strengths and weaknesses , and externally and outside of your control opportunities and threats.

Click here for a handy business plan template available on the Business. A competitive advantage is simply what you do better than anyone else.

What exactly is it about your operation that is an advantage? The smarter you can be about developing and promoting your competitive advantage, the better placed your business will be to succeed. When building your business plan, describe your main competitors. Consider all possibilities — you may have competitors on the same street, elsewhere in your town or city, throughout the country, worldwide and on the Internet. Market research will enable you to focus your marketing budget on targeted consumers, rather than just sporadic advertising.

Creating a business plan is a process of thinking through all the variables that are going to affect your sales. See the business guides below for some more tips to improve your business.

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New Zealand Business Performance Panel Other topics coming soon. How to write a business plan. Get updates for small businesses from across government about new services, law changes and more. Read all about it. Ten-step guide to starting a business. Check it out. You may have locations spread out across New Zealand or the world if you export. the products or services you’ve developed, and define your competitive advantage. Consider: Creating a business plan is a process of thinking through all the variables that are going to affect your sales. See the business guides below for some more tips.