Year 11 Business Studies - Business Plan: Home

Your executive summary is the doorway to your business plan—this is the time to grab your reader’s attention and let them know what it is you do and why they should read the rest of your business plan or proposal. We’ll show you how to write an executive summary that sets your business plan apart from the stack.

The executive summary is arguably the most valuable component of any proposal. Its purpose is clear, its potential is huge, and putting it together can be straightforward, if you change your approach and follow a few simple steps.

Goals are used to help a business grow and achieve its objectives. They can be used to foster teamwork and help the business describe what it wants to accomplish. Setting goals is an important part of any business plan.

Well-chosen goals and objectives point a new business in the right direction and keep an established company on the right track.

Most businesses see direct benefits from their investment in sustainability in terms of cost savings, energy efficiency, staff engagement and other business benefits. You can find benefits from sustainability activities whether you choose to focus on big ticket technology and product improvement projects, or low cost efficiency drives that deliver productivity gains and a better carbon footprint. - See more at: http://www.nswbusinesschamber.com.au/Media-Centre/Resources/How-to-apply-sustainable-strategies-to-support-you#sthash.1C6mLR5m.dpuf

Financial goals for a small business may involve achieving an attractive profit margin or reaching a specific tangible objective such as saving enough money to buy a particular piece of equipment

Struggling to keep up with your obligations as an employer? Do right by your employees and avoid the pitfalls of non-compliance.

The federal IR system applies to most private Australian employers and their employees, including those in New South Wales. The Fair Work Act 2009 covers employers who are ‘constitutional corporations’ (in layman’s language this means an incorporated commercial trading business) and employers which are ‘referred’ under federal industrial relations coverage by state legislation (see below).

The Fair Work Act 2009 and the Fair Work Regulations 2009 are the main legislation we deal with. They govern the employee / employer relationship in Australia. They provides a safety net of minimum entitlements, enables flexible working arrangements and fairness at work and prevents discrimination against employees.

A marketing plan gives you a systematic approach to developing your marketing strategies. A successful marketing plan will factor in many areas of the business. This means that the strategies work together to complement each other.

Market research is an effective tool to assist your business planning. It is about collecting information that provides an insight into your customers thinking, buying patterns, and location. In addition, market research can also assist you to monitor market trends and keep an eye on what your competition is doing.

When you undertake market research, you can use your findings in two ways, to either start a new business and write your marketing plan or to measure the success of your current marketing plan.