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HB 4022004

Business Planning

HB 4022004

Handbook
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Business Planning

First published as HB 4022004.

COPYRIGHT
Standards Australia International All rights are reserved. No part of this work may be reproduced or copied in any form or by any means, electronic or mechanical, including photocopying, without the written permission of the publisher. Published by Standards Australia International Ltd GPO Box 5420, Sydney, NSW 2001, Australia
ISBN 0 7337 5933 5

HB 4022004

Preface
This Handbook was prepared by the Standards Australia Committee MB-004, Business Governance. The objective of this Handbook is to provide guidance in relation to the development of business plans. Companies need to plan for their establishment, continued operation and any eventualities that may impinge upon their continued success. There are two broad planning approaches that need to be addressed by managers: local operational planning, usually called business planning, and strategic planning, which focuses on longer term market strategies directed at aligning the businesss capabilities with its market environment. This Handbook is not intended to replace legal, insurance or other professional advice in relation to business planning.

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HB 4022004

Contents
Page 1 Scope and general................................................................. 4 1.1 Scope............................................................................ 4 1.2 Application................................................................... 4
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1.3 Objectives..................................................................... 4 1.4 Business Planning Models............................................ 4 1.5 Guidance Documents.................................................... 5 2 Introduction to business planning ......................................... 6 2.1 Background .................................................................. 6 2.2 Considerations for preparing a business plan................ 7 2.3 Monitor and review .................................................... 11 3 Development of a business plan ......................................... 12 3.1 How to start a business plan ....................................... 12 3.2 Putting the business plan together............................... 13 4 Resources ........................................................................... 19 4.1 Australian organisations ............................................. 19 4.2 International sites ....................................................... 19 4.3 Market appreciation resources .................................... 20 4.4 Project management resources.................................... 20

HB 4022004

1 Scope and general

1.1 Scope
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This Handbook provides guidance in relation to the development of business plans. Guidelines in relation to strategic planning are outside the scope of this document.

1.2 Application
This guideline on developing business plans is aimed at small to medium sized enterprises (SMEs) and provides a generic business plan framework and a brief discussion of the elements in that framework. It also provides a set of references to other material, including that produced by Standards Australia, which gives more detailed insights into creating and implementing business plans and assists users in tailoring them for their own purposes.

1.3 Objectives
The purpose of this Handbook is to (a) (b) (c) provide guidance on the general concepts of business planning, including benefits of business planning and common pitfalls; emphasise the link between business planning and corporate governance; and provide an example template and links to reference material in relation to standard components of developing a business plan.

1.4 Business Planning Models

Whilst there are many models for developing a business plan, there is no standard business plan template which will apply to all entities. However, there are a number of common elements which underlie good business planning. Section 2 of this Handbook provides a discussion of the common elements and considerations in relation to the development of a business plan. Section 3 provides an outline of the components of a business plan that can be tailored by entities for use in their particular circumstances. Section 4 provides reference material and information on useful websites.
Standards Australia www.standards.com.au

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HB 402-2004, Business Planning

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