Benefits of a business plan
When you are starting out, your business plan can help you secure financing and investment.
.
Your business plan outlines:
- your vision for the business
- the actions that will help you achieve it
Your business plan does more than tell others what you plan to do. A good business plan can help you test the feasibility of your business idea, set operational and financial objectives, and make sure your business is manageable and effective.
You will need to revisit your business plan regularly as your business evolves, and the business environment changes. These changes could include increased competition, advances in technology or the expectations of your customers.
- What to include in your business plan
- Write your business plan
- Video: How to write a business plan in 8 steps
- Create your one-page action plan
Added to the above is this comprehensive Guide to Writing a Business Plan.
Business Victoria
Hot Issues
- Bribery, brothels, breaches of confidence: ATO officer loses appeal against imprisonment
- Why Culture Matters (Even in Small Teams)
- How to detect and prevent elder abuse when advising older clients: RSM
- Div 296 must be considered ‘holistically’, IPA says
- Working out your Work From Home (WFH) expenses – 2025 Rules
- Accrued leave: take a holiday or take the payment?
- Franchising and Leasing: Legal Issues to Consider When Securing a Location
- Airplane Fuel Consumption Per Minute
- ‘Results in paying more tax’: ATO warns Australians against early super access
- Employee or Contractor ?
- Inherited assets: what you need to know about pre-CGT v post-CGT investments
- WHS and OHS Regulatory Update: August 2025
- HECS/HELP debt reduction Bill introduced
- Non deductibility of ATO interest charges for businesses
- How safe is your business from scams
- The biggest earthquakes in history : (1905–2025)
- What Terms Should I Include in a Capital Raising Term Sheet?
- Prepare for Div 296 now, accountants warn
- ATO, lawmakers demand urgent action as GST fraud skyrockets
- 5 things smart businesses do to stop copycats
- Do not trust myGov messages
- Regulations have changed for buy now pay later services
- Australian Taxation Office (ATO) warns about misinformation on super changes circulating online
- The rise and fall of the world’s largest economies | GDP Epic Battle (1560–2025)
- ATO hit list 2025 – Key Areas Under Review
- Why Succession Planning Matters for Privately Owned and Wealth Groups in Australia
- Benefits of a business plan
- Roles and Responsibilities in a Business Partnership
- Mixing business and pleasure? Be vigilant this tax season
- 30 June 2025 - Tax Checklist - Small (and Micro) Business
Article archive
July - September 2025 archive
- ‘Results in paying more tax’: ATO warns Australians against early super access
- Employee or Contractor ?
- Inherited assets: what you need to know about pre-CGT v post-CGT investments
- WHS and OHS Regulatory Update: August 2025
- HECS/HELP debt reduction Bill introduced
- Non deductibility of ATO interest charges for businesses
- How safe is your business from scams
- The biggest earthquakes in history : (1905–2025)
- What Terms Should I Include in a Capital Raising Term Sheet?
- Prepare for Div 296 now, accountants warn
- ATO, lawmakers demand urgent action as GST fraud skyrockets
- 5 things smart businesses do to stop copycats
- Do not trust myGov messages
- Regulations have changed for buy now pay later services
- Australian Taxation Office (ATO) warns about misinformation on super changes circulating online
- The rise and fall of the world’s largest economies | GDP Epic Battle (1560–2025)
- ATO hit list 2025 – Key Areas Under Review
- Why Succession Planning Matters for Privately Owned and Wealth Groups in Australia
- Benefits of a business plan
- Roles and Responsibilities in a Business Partnership
- Mixing business and pleasure? Be vigilant this tax season
- 30 June 2025 - Tax Checklist - Small (and Micro) Business
- 3 more GST fraudsters sentenced under ATO’s Operation Protego
- Evolution of Boeing - 1916 - 2025