A business plan is an important step in the process of implementing a business idea. Without it, it is difficult to implement the conceived project. It is needed not only for the business owner, but also for other partners. So, when applying for a loan from a bank to create a business, you cannot do without a business plan. If you plan to cooperate with NAB, we will tell you what a business plan should be.
A good business plan will help you assess what you need to do to implement the project, what resources you need to have, and what risks and difficulties you may encounter along the way.
A business plan may consist of the following sections:
- Assets
- Business background
- Business ownership structure
- Business strategy
- Competitor analysis
- Compliance
- Executive summary
- Financial plan
- Market analysis
- Market research
- Marketing strategy
- My team
- SWOT and critical success factors
To help you create your business plan, National Australia Bank offers you the following form: NAB business plan template