Free & Simple Business Plan Templates For Small Businesses
Below you will find 3 free business plan templates you can use for your Australian small business along with any supporting information to assist with your plan creation.
Having a structured plan is crucial for any small business.
If you’re looking for a place to start, then these business plan templates will guide you through the framework of setting up a small business and ensure you stay on track.
There are many types of business plans so suit a range of business structures. In terms of a small business, the commonly shared belief in the business community is to keep things clear and simple where possible.
Many traditional business owners may disagree, however many current and modern experts will tell you, the more complicated the business plan, the less likely you are to follow it.
Check out our ultimate free guide “How to set up a business.”
The Three Main Types Of Business Plans
Before we delve in to the free business plan templates, it’s important to understand the different types or sections of a business plan and how they will work together to drive your business forward.
This is an overall plan and direction of the business with your number-one goal to be the core of the plan itself. Think about this as an elaboration of your ”vision statement” and then the formulation of a strategy to achieve it.
This plan is generally long-term and has large goals at set intervals such as a yearly basis. Basically, these are the main things you want to achieve in your chosen market.
A strategic plan is the highest level of the business plan templates and should be completed first.
The second business plan template or section is your operational plan. This is a plan of your daily, weekly and monthly activities that actually allow you to meet your strategic goals.
This is a much more short-term planning cycle and is usually a lot more flexible and adaptive.
Your operational plan should include things like hours worked training, stock control, etc. This is also the plan that will play a crucial role in your time management and organization.
Without a solid operational plan, you can find yourself quickly falling into bad habits and wasting precious resources on irrelevant tasks.
This is the cash flow in, and out of your business alongside any financial budgets used in day to day operations. This must also include allocations for both fixed and variable costs, and any investments or money borrowed.
Having a good financial plan is crucial to the viability of any business and should be taken very seriously, which is why we have included this plan section in our article.
A financial plan will also help you keep your bookkeeping in order and ensure you do not run out of money.
Free Business Plan Templates For Small Businesses
The Australian government has put together a structured business plan template that you can use for free.
They have even developed a guide to help you through it, along with some information to give you tips on how to write a solid plan.
This is a single plan that covers all aspects of your business and incorporates the three main plan types mentioned earlier.
While we think, this is a great tool it may be too detailed for the sole trader or micro business owner, but you can just use what is relevant
- The Business details (4 sections)
- Your market and competition (4 sections)
- Business objectives (4 sections)
- Business finances (5 section)
Nab bank provides a free Australian small business plan template that also covers all the main aspects we mentioned earlier.
Just like the one created by the government, this free template can be filled in using the handy word document provided and is a great starting point when setting up your business.
There is no formal guide for this plan; However, they have some great articles on planning that should help you through it.
- Executive summary
- Business background
- Business strategy
- SWOT analysis
- Market research & analysis
- Business infrastructure & Assets
This toolkit created by Commbank is a great looking and easy to use free Australian small business plan template. The template includes a useful financial section that will help you with your forecasting. Commbank also has some good advice on their website to guide you through the planning process.
- The Business details (8 sections)
- Goals & strategy (5 sections)
- Market & competition (3 sections)
- Business finances (5 sections)
So now you know where to find free business plan templates for small businesses you can get to work. Don’t be scared of making a mistake, you can always adapt your plan as you go.
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If you have a great Australian business plan template you would like to share let us know! And don’t forget to check out our “how to set up a business” step by step guide