The business summary outlines a marketing plan for a small business located in Australia. The business provides marketing and business consulting services. The summary identifies the business owners, their experience, and the services offered. It outlines goals to increase sales through targeted digital marketing campaigns and expand to additional locations. The target market is identified as small-to-medium businesses. The summary concludes with a brief financial overview, noting funds required for initial campaigns and expansion.
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Clearly an action plan to pursue a business or a career opportunity is more often than not a case of dealing with many, many unknowns. Plans, as they say should not be set in concrete; not in sifting sand.
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The Youth Mentoring Program Business Plan is a strategic guide outlining goals, mentor recruitment, program structure, and budgeting. Its purpose is to establish a supportive community for young individuals, creating a positive and nurturing environment conducive to their growth and development.
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One of the most critical components to an entrepreneurโs success is well planned and strategic marketing implementation. But, what should a business owner know if they wish to be successful with their marketing? Three fundamental elements of marketing include planning, budgeting and hiring. With a well defined plan, the business owner will be able to set realistic goals and measurements for success. With proper budgeting, the owner will be able to know how much they should spend, and plan their marketing tactics accordingly. And hiring skilled marketing staff can be incredibly beneficial, but there are considerations to be made when hiring. In this webinar, we provide details designed to give business owners expert marketing advice pertaining to marketing planning, budgeting and hiring.
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Reading "How to Create a Successful Marketing Plan" is Step One of Developing a Great Marketing Strategy that Helps Your Business Succeed
Marketing plans are an imperative part of starting any business. They are used as a blueprint for mapping out the manner in which you will be able to achieve your business goals.
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As a whole, you should see your marketing plan as a process for which you have a team whole goal is keeping it simple, developing a time-frame, providing feedback, implementing necessary revisions, and remaining consistent with the mission statement.
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
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Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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Marketingplantemplateandguide
1. business.gov.au
Marketing plan template and guide
A good marketing plan helps you identify your customers and competitors and develop a
strategy to make your business stand out. The business.gov.au Marketing Plan template steps
you through the process of creating a solid, well-structured plan tailored to your business.
New! Create your marketing plan on your iPad by downloading our free MarketMyBiz
iPad App. Search โMarketMyBizโ in the App Store now!
Copies of the latest version of this template and guide can be downloaded from
www.business.gov.au/plans.
If you need further information, assistance or referral about a small business issue, please
contact the Small Business Support Line on 1800 77 7275.
Page 1
2. How to use this template
Before you complete this marketing plan template and start using it, consider the following:
1. Do your research. You will need to make quite a few decisions about your business
including structure, marketing strategies and finances before you can complete the
template. By having the right information to hand you also can be more accurate in your
forecasts and analysis.
2. Determine who the plan is for. Does it have more than one purpose? Will it be used
internally or will third parties be involved? Deciding the purpose of the plan can help you
target your answers. If third parties are involved, find out what are they interested in.
3. Do not attempt to fill in the template from start to finish. First decide which
sections are relevant for your business and set aside the sections that donโt apply. You
can always go back to the other sections later.
4. Use the [italicised text]. The italicised text is there to help guide you by providing
some more detailed questions you may like to answer when preparing your response.
Please note: If a question does not apply to your circumstances it can be ignored.
5. Use the marketing plan guide. The marketing plan guide below contains general advice
on marketing planning and a complete overview with details on each question asked in
the marketing plan template.
6. Get some help. If you arenโt confident in completing the plan yourself, you can enlist
the help of a professional (i.e. Enterprise Connect Centre, Business Enterprise Centre,
business adviser or accountant) to look through your plan and provide you with advice.
7. Write your summary last. Use as few words as possible. You want to get to the point
but not overlook important facts. This is your opportunity to sell yourself. But donโt
overdo it. You want third parties to quickly read your plan, find it realistic and be
motivated by what they read.
8. Review. Review. Review. Your marketing plan is there to make a good impression.
Errors will only detract from your professional image. So ask a number of impartial people
to proofread your final plan.
9. Print. Before you print a copy of your completed marketing plan, ensure you delete the
first section containing the guide as well as the [italicised text]. To print a copy, select
the Printer icon on the toolbar, or select File then Print on the main menu.
Scan to watch our marketing plan video:
Page 2
3. Marketing Plan Guide
Marketing planning
A marketing plan assists you to integrate your total marketing effort. It ensures a systematic
approach to developing products and services to meet and satisfy your customersโ needs.
When you're writing a marketing plan you need to be clear about your objectives and how you'll
achieve them. A good marketing plan sets clear, realistic and measurable objectives, includes
deadlines, provides a budget and allocates responsibilities. A plan can consist of these
elements:
โ
analysis of your current market
โ
your business objectives
โ
key strategies
โ
steps to achieving your objectives
โ
proposed budget
โ
timing.
Remember that your marketing plan should remain an ongoing process throughout the life of
your business.
What to do...
โช
โช
Contact your nearest Business Enterprise Centre (BEC)
for free advice and support.
Check if your local BEC or state business agency hosts a marketing planning workshop
near you.
โช
Contact an Enterprise Connect
centre for help with planning, growing, skills
development, competitiveness and productivity.
Search for networking, mentoring or training events and seminars on the business.gov.au
Events calendar.
Contact a business adviser, accountant or solicitor for advice.
โช
โช
Regular review
Marketing planning is an ongoing business activity. As your business changes many of the
strategies in your plan will need to evolve to ensure you business is still heading in the right
direction. Having your plan up to date can keep you focussed on where you are heading and
ensure you are ready when you need it again.
Page 3
4. Advice & support
There are a number of government services available to help you plan, start or grow your
business. These services can provide general advice, workshops, seminars and networking
events, and can even match you with a mentor or business coach.
Attending business events
Small business workshops and seminars are run regularly in most areas of Australia, and deal
with issues such as planning, marketing, innovation, employing staff and exporting.
You may also find it useful to attend networking events to help expand your business. By
developing networks, you can keep up to date on industry and local information, promote your
business through new contacts and learn key skills from other businesses.
Taking on a mentor or business coach
Participating in mentoring or coaching programs can help you develop a greater understanding
of business processes and practices, and equip you with the skills you need to grow and
improve your business.
What to do...
โช
โช
โช
โช
โช
Contact your nearest Business Enterprise Centre (BEC)
ย for assistance with your
planning process.
Check if your local BEC or state business agency hosts a marketing workshop near you.
Contact an Enterprise Connect
centre for help with planning, growing, skills
development, competitiveness and productivity.
Search for networking, mentoring or training events and seminars on the business.gov.au
Events calendar.
Contact a business adviser, accountant or solicitor for advice.
Page 4
5. Template overview
This template overview provides details on each question asked throughout the marketing plan
template as well as links to further information. When you start answering a question in your
marketing plan, you can refer to the relevant question below to help guide your answer.
Title page
Question
Explanation
Insert your business logo
Adding a logo helps give your business a more professional image.
Your name
Enter the business owner's name. Enter multiple names if there are multiple
owners.
Your title
The titles of the business owner(s) listed above, e.g. Owner/Manager
Business name
Enter your business name as registered in your state/territory.
Main business address
Enter your main business address. This can be your home address if you
are a home-based business or your head office if you have more than one
location.
ABN
Enter your Australian Business Number. If you are a business and have
registered for an ABN enter it here.
ACN
Enter your Australian Company Number. Only fill this in if you are a
company.
Prepared
The date you finished preparing your marketing plan.
Table of Contents
If you have changed this template in any way, please remember to update
the table of contents to reflect the changes.
Page 5
6. Marketing plan summary
Your marketing summary should be no longer than a page and should focus on why your
business is going to be successful. Your answers should briefly summarise your more detailed
answers provided throughout the body of your plan.
Question
The Business
Explanation
Business name
Enter your business name as registered in your state/territory. If you have
not registered your business name, add your proposed business name.
Business structure
Is your business a sole trader, partnership, trust or company?
ABN
Enter your Australian Business Number (ABN). If you are a business and
have registered for an ABN enter it here.
ACN
Enter your Australian Company Number (ACN). Only fill this in if you are a
company.
Business location
Enter your main business location such as your city/town. Briefly describe
the location and space occupied/required.
Date established
The date you started trading. Whether it was the date you opened your
doors or the date your purchased business opened its doors.
Business owner(s)
List the names of all business owners.
Relevant owner
experience
Briefly outline your experience and/or years in the industry and any major
achievements/awards.
Products/services
What products/services are you selling? What is the anticipated demand
for your products/services? These answers should briefly summarise your
answers under the main products/services section.
The Future
Vision statement
The vision statement briefly outlines your future plan for the business. It
should state clearly what your overall goals for the business are. To keep it
brief you may prefer to use dot points in your summary.
Goals/objectives
What are your short and long term goals? What activities will you
undertake to meet them?
The Market
Target market
Who are you selling to? Why would they buy your products/services over
others?
This answer should briefly summarise your answers under the main Market
section.
Marketing strategy
How do you plan to enter the market? How do you intend to attract
customers? How and why will this work?
This answer should briefly summarise your answers under the main Market
section.
Page 6
7. Question
The Finances
Explanation
The finances
Briefly outline your sales forecast. How much money will you need
up-front? Where will you obtain these funds? What portion will you be
seeking from other sources? How much of your own money are you
contributing towards the business?
Your answers can be quite brief in the summary. They should give the
reader a quick idea of your current financial position. Where you are
heading financially and how much you need to get there. You can provide
more detail in the main Finances section.
The Business
Question
Business overview
Business overview
Explanation
Who are the current business owners? What does the business do/sell?
Where it is located? How long has it been operating?
S.W.O.T. analysis
S.W.O.T. analysis table
List each of your businesses Strengths, Weaknesses, Opportunities or
Threats (S.W.O.T) in the table supplied. For example:
โช
โช
Weakness: (e.g. location of your business).
โช
Opportunity: (e.g. new export opportunity available).
โช
S.W.O.T. activity sheet
Strengths: (e.g. experience in the industry).
Threat: (e.g. new competitor entering the market).
List each weakness/threat, the activities you will undertake to
reduce/address each and the date of expected completion.
Product/services
Product/services table
List each product/service your business currently offers. Provide a
description and unit price (including GST) amount for each.
Market position
Where do your products/services fit in the market? Are they high-end,
competitive or a low-cost alternative to the products/services offered by
your competitors? How does this compare to your competitors?
Unique selling position
How will your products/services succeed in the market where others may
have failed? What gives your products/services a distinctive edge?
Anticipated demand
What is the anticipated quantity of products/services your customers are
likely to purchase? For example, how much will an individual customer buy
in 6 months or 12 months?
Pricing strategy
Do you have a particular pricing strategy? Why have you chosen this
strategy?
To help you develop your pricing strategy, you could refer to your
customer research, market position, anticipated demand and
Page 7
8. costs/expenses to get an idea.
Whatever strategy you use when setting your price, you will also need to
adhere to any relevant fair trading legislation or codes of conduct.
Value to customer
How do your customers value your products/services? Are they a
necessity, luxury or something in between?
Growth potential
What is the anticipated percentage growth of the product in the future?
What will drive this growth?
To help you determine this growth potential, you could refer to your
region/industry research to get an idea of any industry/regional growth
that could affect your business in a positive way. You could also look up
any social trends that may have a positive affect on your business.
Sales/marketing
personnel
Sales/marketing
personnel table
List your current staff in the table provided. Outline each job title, name of
the employee in the position and the main responsibilities related to the
position. You may also like to attach a copy of their resume to the back of
your plan.
The Future
Question
Vision statement
Explanation
Mission statement
What is your business' mission statement (i.e. how will you achieve your
vision)?
Goals/objectives
What are your short & long term goals? What activities will you undertake
to meet them?
What is your business' vision statement? It should briefly outline your
future plan for the business and include your overall goals.
The Market
Question
Explanation
Unique selling position How is your business unique in the market?ย What differentiates your
product/service from others in the market? What makes your business
stand out from your competition? What product gap or service need does it
fill for your customers?
Your
customers/clients
Customer
demographics
Define who your target customers are and how they behave. You can
include age, gender, social status, education and attitudes. What are their
lifestyles, activities, values, needs, interests or opinions? Where are they
located?
Key customers
Identify your key customers. (These can be large consumers of your
products or individuals whose satisfaction is key to the success of your
business.) How will you target your products/service to them? How will you
deliver your product/service to them?
Page 8
9. Customer management
How will you maintain a good relationship with your customers? What
techniques will you use? How will you keep your customers coming back?
Have you introduced customer service standards? Do you follow any
particular code of practice?
Your competitors
Your competitors
How do you rate against your competitors? How can your business improve
on what they offer?
Competitor details table
List at least 5 competitors in the table. For each competitor enter:
โช
Competitor: Competitor name.
โช
Established date: When were they established?
โช
Size: Number of staff and/or turnover.
โช
Market share (%): Estimated percentage of market share.
โช
Value to customers: Unique value to customers. Why they
would do business with your competitor? For example:
convenience, quality, price or service?
โช
Strengths: What are your competitor's main strengths?
โช
Weaknesses: What are your competitor's main weaknesses?
Market research
What statistical research have you completed to help you analyse your
market? Did you use a survey/questionnaire? If so, you may like to attach
a copy of your survey/questionnaire to the back of this plan.
Market targets
Outline your planned sales targets. These targets need to be realistic and
achievable. What quantity of your products/services do you plan to sell in
a planned timeframe? Are they monthly or yearly targets? For example, you
may set yourself a goal of selling 1 000 products in 12 months.
Environmental/industry
analysis
Detail the results of the market research you have performed. Is the area
experiencing population growth? Are there long-term employers in the area?
Is the region's economy stable? Are there seasonal variations?
What is the size of the market? What recent trends have emerged in the
market? What growth potential is available and where do you fit in? How
will the market/customers change when you enter the market? What
external factors will affect your customers?
A good place to start when researching your regional profile is the
Australian Bureau of Statistics website. The regional profile information
includes economy, population/people, industry and environment/energy
statistics.
Marketing strategy
What is your overall marketing strategy? What steps or activities will you
undertake to achieve your goals/objectives? For each marketing
activity/milestone:
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10. โช
Marketing activity/milestone: Print advertising, online
advertising, mail-out, giveaway, media release, event, website,
blog/social media, public relations, branding and artwork, or
publications and catalogues.
โช
Person responsible: Who is responsible for completing this task?
โช
Date of expected completion: When do you expect to complete
the marketing activity?
โช
Cost ($): Estimated cost of activity.
โช
Success indicator: What indicator/ measurement result will need
to be met before this activity is considered a success?
Advertising & sales
Advertising and
promotional strategy
table
For each promotion/advertising:
Expected business improvement: How do you expect it will
improve your business success?
โช
Cost ($): What is the cost of each planned activity?
โช
Sales and distribution
channels table
Promotional strategy: Why have you decided to use this
promotion/advertising type? How and when will you use it? What
is your strategy behind this? Who will upkeep your social media
presence?
โช
Sales strategy
Planned promotion/advertising type: What is the
promotion/advertising type being used (e.g. Print media
advertising, online advertising, SMS, mail-out, giveaway, media
release, social media campaign or event)?
โช
Social media strategy
โช
Target date: When do you expect to complete each activity?
What do you want to achieve/communicate (brand awareness, online sales
etc)? What social media tools do your customers use (e.g. Blogs, Twitter,
Facebook etc)? What strategies can you use to network and communicate
effectively with these customers? Who will upkeep your social media
presence? Do you have internal staff or would you need to engage an
external organisation?
What sales techniques do you use? What are your strategies behind these
techniques? How is this different/better than your competitors?
For each channel enter:
โช
Channel type: What channel will you be using (e.g. Shopfront,
internet, direct mail, export or wholesale)?.
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11. โช
Products/services: List all the products/services sold via this
channel.
โช
Percentage of sales: What percentage of overall sales do you
expect to sell via this channel?
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Distribution strategy: Why have you decided to use this
channel type? How and when will you use it? What is the
strategy behind using this channel type for this particular
product/service?
Page 11
12. The Finances
To complete the finances portion of this marketing plan, you should rely heavily on your
financial statements and projections. The business.gov.au Business plan template available at
www.business.gov.au/businessplan can provide you with a start-up costing, balance sheet
profit and loss, cash flow and a break-even analysis template.
Question
Price
Expected sales
Marketing budget
[YEAR] table
Explanation
What price have you determined for your products/services? Does this
price take into account all your costs including personal, start-up,
operational, cash flow and working capital? Have you also allocated a profit
margin in your costing? What price will your target market bear? Do your
prices take into account any seasonal variation to your suppliersโ costs?
What are your expected sales? When do you hope to achieve these
figures? Are there seasonal influences?
Using the table
The marketing budget table contains a list of suggested marketing items a
typical business may use. When you double click on the table you can edit
these items by removing or adding rows and typing in your own items.
Remember to clearly display the year in the heading. Please note: The
table assumes all figures are GST inclusive.
Total formulas
When you add your costs, the table will automatically total your items at
the bottom of the sheet. If you are adding or removing rows please
double-check your figures to ensure the total formulas have been
preserved.
Attach your own
If you have your own marketing budget or your accountant has already
prepared one, please feel free to remove the table supplied and attach
your own. If it is a large sheet, you can always attach it to the back of
the plan and make reference to it from this section.
Page 12
13. Monitoring/measurement activities
Question
Explanation
Monitoring/ measurement
activities table
Reviewing the impact of your marketing should be a periodic activity. List
the details of each review in the table provided. For each marketing
activity:
โช
Marketing activity: Print advertising, online advertising,
mail-out, giveaway, media release, event, website, blog/social
networking, public relations, branding and artwork, or publications
and catalogues.
โช
Date of review: (e.g. Month/Year or 6 monthly).
โช
Monitoring methods: What tools did you use to
measure/monitor the impact of your marketing activities?
โช
Review outcomes: What were the results for the promotional
period? What were your sales/profit figures? How many
new/repeat customers did you receive? How many visitors to your
website?
Supporting documentation
Question
Explanation
Supporting
documentation
List all of your attachments here. These may include resumes, customer
survey/questionnaire and/or financial documents.
Page 13
14. [INSERT YOUR BUSINESS LOGO]
[Your Name]
[Your Title]
[Business Name]
[Main Business Address]
ABN: [ABN]
ACN: [ACN]
[Business Name]
Marketing Plan
Prepared: [Date prepared]
Page 14
15. Table of Contents
Marketing Plan Summary
The
The
The
The
Business
Future
Market
Finances
The Business
Business overview
S.W.O.T. analysis
S.W.O.T. activity sheet
Products/services
Sales/marketing personnel
The Future
Vision statement
Mission statement
Goals/objectives
The Market
Your customers/clients
Your competitors
Market research
Market targets
Environmental/industry analysis
Marketing strategy
Advertising & sales
The Finances
Price
Expected sales
Marketing budget [YEAR]
Monitoring/measurement activities
Supporting documentation
Glossary
Page 15
16. Marketing Plan Summary
[Please complete this page last]
[Your marketing summary should be completed last and should be no longer than a page
focussing on why your business is going to be successful. Your answers below should briefly
summarise your more detailed answers provided throughout the body of this plan.]
The Business
Business name: [Enter your business name as registered in your state/territory. If you have not
registered your business name, add your proposed business name.]
Business structure: [Sole trader, partnership, trust, company.]
ABN: [Registered Australian Business Number.]
ACN: [Registered Australian Company Number, if applicable.]
Business location: [Main business location]
Date established: [The date you started trading.]
Business owner(s): [List all of the business owners.]
Relevant owner experience: [Briefly outline your experience and/or years in the industry and any
major achievements/awards.]
Products/services: [What products/services are you selling? What is the anticipated demand for your
products/services?]
The Future
Vision statement:
[The vision statement briefly outlines your future plan for the business. It should state clearly what your
overall goals for the business are.]
Goals/objectives:
[What are your short and long term goals? What activities will you undertake to meet them?]
The Market
Target market:
[Who are you selling to? Why would they buy your products/services over others?]
Marketing strategy:
[How do you plan to enter the market? How do you intend to attract customers? How and why will this
work?]
The Finances
[Briefly outline your sales forecast. How much money will you need up-front? Where will you
obtain these funds from? What portion of funds will you be seeking from other sources? How
much of your own money are you contributing towards the business?]
Page 16
17. The Business
Business overview
[Who are the current business owners? What products/services does the business provide?
Where it is located? How long has it been operating?]
S.W.O.T. analysis
[List each of your businesses Strengths, Weaknesses, Opportunities or Threats (S.W.O.T.) in
the table below.]
Strengths
Weaknesses
Opportunities
Threats
Page 17
18. S.W.O.T. activity sheet
[Outline how and when you plan to address each of the weaknesses/threats from your
S.W.O.T. analysis above.]
S.W.O.T
Activity to address weakness/threat
Activity
weakness/
completion
threat
date
Products/services
Product/Service
Description
Price
[Product/service
name]
[Brief product/service description]
[Unit price
including GST]
Market position: [Where do your products/services fit in the market? Are they high-end,
competitive or budget? How does this compare to your competitors?]
Unique selling position: [How will your products/services succeed in the market where others
may have failed? What gives your products/services the edge?]
Anticipated demand: [What is the anticipated quantity of products/services your customers
are likely to purchase? For example, how much will an individual customer buy in 6 months or
12 months?]
Pricing strategy: [Do you have a particular pricing strategy? Why have you chosen this
strategy?]
Value to customer: [How do your customers view your products/services? Are they a
necessity, luxury or something in between?]
Growth potential: [What is the anticipated percentage growth of the product in the future?
What will drive this growth?]
Sales/marketing personnel
Job Title
Name
Responsibilities
[e.g. Marketing/
Sales Manager]
[Mr Chris Brantley]
[What are the main responsibilities
of this position?]
Page 18
19. The Future
Vision statement
[What is your business' vision statement? It should briefly outline your future plan for the
business and include your overall goals.]
Mission statement
[What is your business' mission statement (i.e. how will you achieve your vision)?]
Goals/objectives
[What are your short & long term goals? What activities will you undertake to meet these
goals?]
The Market
Unique selling position
[How is your business unique in the market?ย What differentiates your product/service from
others in the market? What makes your business stand out from your competition? What
product gap or service need does it fill for your customers?]
Your customers/clients
Customer demographics
[Define who your target customers are and how they behave. You can include age, gender,
social status, education and attitudes. What are their lifestyles, activities, values, needs,
interests or opinions? Where are they located?]
Key customers
[Identify your key customers. (These can be large consumers of your products/services or
individuals whose satisfaction is key to the success of your business.) How will you target your
products/services to them? How will you deliver your products/services to them?]
Customer management
[How will you maintain a good relationship with your customers? What techniques will you use?
How will you keep your customers coming back? Have you introduced customer service
standards? Do you follow any particular code of practice?
Page 19
20. Your competitors
[How do you rate against your competitors? How can your business improve on what they
offer?]
Competitor details
[List at least 5 competitors in the table below.]
Competitor
Established
date
Size
Market
share (%)
Value to customers
Strengths
[Competitor
name]
[When were
they
established?]
[Number of
staff and/or
turnover]
[Estimated
percentage
of market
share]
[Unique value to
customers, e.g.
convenience, quality,
price or service?]
[What are your
competitor's ma
strengths?]
Market research
[What research have you completed to help you analyse your market? Did you use a
survey/questionnaire? If so, you may like to attach a copy of your survey/questionnaire and
findings to the back of this plan.]
Market targets
[Outline your planned sales targets. What quantity of your products/services do you plan to
sell in a planned timeframe? Are they monthly or yearly targets?]
Environmental/industry analysis
[Detail the results of the market research you have performed. Is the area experiencing
population growth? Are there long-term employers in the area? Is the region's economy
stable? Are there seasonal variations?
What is the size of the market? What recent trends have emerged in the market? What
growth potential is available and where do you fit in? How will the market/customers change
when you enter the market? What external factors will affect your customers?]
Page 20
21. Marketing strategy
[What is you overall marketing strategy? What steps or activities will you undertake to achieve
your goals/objectives?]
Marketing activity/milestone
Person
responsible
Date of expected
completion
Cost ($)
S
[Print advertising, online advertising, mail-out,
giveaway, media release, event, website,
blog/social media, public relations, branding and
artwork, or publications and catalogues.]
[Who is
responsible for
completing this
task?]
[When do you
expect to
complete the
marketing
activity?]
[Estimated
cost of
activity.]
[
r
t
s
Advertising & sales
Advertising and promotional strategy
Planned promotion
/advertising type
Promotional strategy
Expected business improvement
[Print media
advertising, online
advertising, SMS,
mail-out, giveaway,
media release, social
media campaign or
event.]
[Why have you decided to use this
promotion/advertising type? How and when
will you use it? What is your strategy behind
this? Who will upkeep your social media
presence?]
[How do you expect it will improve y
business success?]
Social media strategy
[What do you want to achieve/communicate (brand awareness, online sales etc)? What social
media tools do your customers use (e.g. Blogs, Twitter, Facebook etc)? What strategies can
you use to network and communicate effectively with these customers? Who will upkeep your
social media presence โ do you have the internal staff or would you need to engage an
external organisation]
Sales strategy
[What sales techniques do you use? What are your strategies behind these techniques? How is
this different/better than your competitors?]
Sales and distribution channels
Channel type
Products/services
Percentage of
sales (%)
Distribution strategy
[e.g. Shopfront,
internet, direct mail,
export or wholesale.]
[List all the
products/services sold
via this channel]
[What percentage
of overall sales do
you expect to sell
[Why have you decided to use th
will you use it? What is the strat
for this particular product/service
Page 21
22. via this channel?]
The Finances
[To complete the finances portion of this marketing plan, you should rely heavily on your
financial statements and projections. The business.gov.au Business plan template available at
www.business.gov.au/businessplan can provide you with a start-up costing, balance sheet
profit and loss, cash flow and a break-even analysis template.]
Price
[What price have you determined for your products/services? Does this price take into
account all your costs including personal, start-up, operational, cash flow and working capital?
Have you also allocated a profit margin in your costing? What price will your target market
bear? Do your prices take into account any seasonal variation to your suppliersโ costs?]
Expected sales
[What are your expected sales? When do you hope to achieve these figures? Are there
seasonal influences?]
Page 22
24. Monitoring/measurement activities
[Reviewing the impact of your marketing should be a periodic activity. List the details of each
review in the table below.]
Marketing activity
Date of
review
Monitoring methods
Review outcomes
[Print advertising, online
advertising, mail-out,
giveaway, media
release, event, website,
blog/social media, public
relations, branding and
artwork, or publications
and catalogues.]
[e.g.
Month/Year]
[What tools did you use to
measure/monitor the impact
of your marketing activities?]
[What were the results for the
your sales/profit figures? How
you receive? How many custo
Supporting documentation
Attached is my supporting documentation in relation to this business plan. The attached
documents include:
โช
[List all of your attachments here. These may include resumes, customer
survey/questionnaire and/or financial documents.]
Page 24
25. Glossary
Australian Business Number (ABN) โ a single identifying number used when dealing with
other businesses and the Tax Office.
Australian Company Number (ACN) โ the number allocated by the Australian Securities and
Investments Commission (ASIC) when you register a company under Corporations Law.
Blog โis a shortened word for Weblog (see Weblog).
Channel โ a way of delivering something to its destination, whether it is a message to be
communicated or a physical product to be delivered.
Contract โ a legally enforceable agreement made between two or more parties. A contract may
be a verbal contract or a written contract (or may be partly verbal and partly written).
Demographics โ the characteristics of a segment of the population, e.g. customers.
Domain name โ a name that identifies an organisation's address on the internet, either a
website address (the domain name follows the 'www') or an email address (the domain name
follows the '@' symbol in the email address).
Goods and Services Tax (GST) โ a broad-based tax of 10 per cent on the sale of most goods
and services in Australia.
High-end โ usually refers to expensive or high quality products/services.
Market position โ refers to the position an organisation, product or service has in the market,
usually in relation to its competition.
Milestone โ a goal or objective with a target date.
Mission statement โ is a statement outlining how an organisation intends on achieving its
vision.
Social media โ a group of technology including Blogs, online networks (e.g. Twitter, Facebook,
MySpace, LinkedIn) and online collaboration tools often used to expand your network/market
reach or collaborate on a large scale.
Unique selling position โ a characteristic of a business or a product/service that sets it apart
from the competition.
Vision statement โ an inspiring statement that expresses an organisation's main
ambitions/goals.
Weblog โ (also known as a Blog) an individual's or organisation's online website displaying a
reverse-chronological list of entries (known as posts). Posts typically include thoughts,
observations, promotions, links, images or videos. A Weblog is publically available and allows
readers to comment on posts.
Page 25