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The Impact of Starlink Australia Plans on Business and Entrepreneurship
In recent years, the world has witnessed a rapid advancement in technology, and one of the most groundbreaking developments is the introduction of satellite internet. With companies like SpaceX leading the way, satellite internet is set to revolutionize the way we connect to the internet. In Australia, one of the most anticipated developments in this space is Starlink Australia plans. These plans have the potential to have a significant impact on businesses and entrepreneurship in the country. In this article, we will explore how Starlink Australia plans can influence various aspects of business and entrepreneurship.
Improved Connectivity for Rural Areas
One of the biggest challenges faced by businesses operating in rural areas is poor internet connectivity. Limited access to reliable internet can hinder productivity, communication, and growth opportunities for these businesses. However, with Starlink Australia plans, rural businesses can finally get access to high-speed internet regardless of their location. This improved connectivity opens up a world of possibilities for entrepreneurs in remote areas who can now connect with customers and suppliers seamlessly. It also allows them to leverage online platforms for marketing, sales, and customer support without being limited by their geographical location.
Enhanced Communication Infrastructure
Effective communication is vital for any business or entrepreneurship venture. Traditional wired connections often struggle to provide stable connections in certain regions or during extreme weather conditions. This can lead to dropped calls or delays in communication that can negatively impact business operations. With Starlink Australia plans utilizing satellite technology, businesses will have access to a more robust communication infrastructure that ensures uninterrupted connectivity even during adverse conditions.
Opportunities for E-commerce Expansion
E-commerce has gained tremendous popularity over recent years as consumers increasingly turn to online shopping for convenience and accessibility. However, many rural areas lack the necessary infrastructure for seamless e-commerce operations due to limited internet speeds and unreliable connections. With Starlink Australia plans offering high-speed satellite internet across the country, businesses operating in these areas will have the opportunity to expand their e-commerce operations. This means they can reach a wider customer base, increase sales, and compete on a level playing field with businesses in urban areas.
Supporting Remote Work and Digital Nomadism
The COVID-19 pandemic has accelerated the adoption of remote work practices, allowing employees to work from anywhere. However, reliable high-speed internet is crucial for successful remote work arrangements. Starlink Australia plans can play a significant role in supporting remote work and digital nomadism by providing fast and stable internet connections to individuals regardless of their location. This opens up new possibilities for entrepreneurs who can now hire talent from across the country without worrying about their physical proximity to the business’s headquarters.
Starlink Australia plans have the potential to revolutionize business and entrepreneurship in the country by providing improved connectivity for rural areas, enhancing communication infrastructure, enabling e-commerce expansion, and supporting remote work practices. As these plans become more widely available, businesses will have access to faster and more reliable internet connections that will fuel growth, innovation, and economic development across various industries. It is an exciting time for businesses in Australia as they embrace this new era of satellite internet connectivity brought forth by Starlink Australia plans.
This text was generated using a large language model, and select text has been reviewed and moderated for purposes such as readability.
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Free business plan template for small businesses
Create your free professional business plan with our easy-to-use business plan template.
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Business plan template.
Our business plan template is an editable document containing your businesses goals and objectives for the future. It also provides all the key sections you need for a professional business plan including overview of business description, market research, competitive analysis, financial forecasts and much more.
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Frequently asked questions
What is the importance of a business plan.
Writing a business plan gives your business the best chance of success helping you to flesh out your business proposal, outline key business processes and gives an action plan of what you want to achieve over time. While it can seem overwhelming, the time and effort you put in is worth it for your long-term success. Use our free business plan template below to get you started!
What should a business plan include?
A business plan consists of a single document with different sections that represent different aspects of your business. Most business plans include the following:
- Business overview
- Executive summary
- Team & Management
- Product & Services
- Market Analysis
- Competitor Analysis
- Marketing & Promotions
- Financial Analysis
- Future & Goals
How do you write a business plan?
Writing a multi page business plan when you are just starting out can seem overwhelming. The key to getting started is to keep it simple and add to it as you grow. Start with key headings (or use our template) and some bullet points mapping out your business overview, vision, market analysis and financial forecasts.
Tips for writing a business plan?
Check out our page about the 7 Tips for writing a Business Plan >
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Writing a business plan
A business plan documents your objectives and the strategies and structures you have in place for achieving them.
Your business plan should explain how you will manage all the important aspects of your business, from products and services to operational plans and finances.
Video: Writing a business plan
Watch our video on why you should write a business plan for your new or current business.
- why it's important to create and review a business plan
- the information to include in your business plan
- using a business plan to achieve your business goals
- downloading and completing our business plan template.
Use a business plan to:
- help you start a new business
- help you improve the performance of an existing business
- attract funding for an investment
- communicate business progress to stakeholders
- communicate business goals and objectives to internal staff members
- attract potential buyers for the business.
A business plan is a 'living' document, so it should evolve and change—think of it as an operating guide for your business throughout the start-up, operations and succession phases.
Download and write a full business plan
Download our free full business plan template and use the guidelines below to write a plan for your business.
There are also other templates available that may better meet your needs—visit business.gov.au .
You should customise your chosen template to suit your business and industry.
We explain below how you can start with a 1-page business plan to ease you into the process of completing the full business plan.
Business plan elements
The elements of your business plan will vary depending on:
- what phase your business is in (starting, running, selling)
- the industry your business is in
- how you choose to use the plan (e.g. for internal development purposes).
Every business plan will be different, but they will generally include similar elements. The sections of our business plan template are listed below—use these as a guide when completing it or as a reference when creating your own.
At the start of your business plan, include the following business details:
- business name
- date registered
- Australian Business Number (ABN)
- Australian Company Number (ACN) – if applicable
- tax file number (TFN)
- business address
- contact details
- website details
- social media details.
Read about choosing a business structure and getting the right licences and registrations .
This section provides an overview of the business concept. It should be attention-grabbing and succinct—the content will be covered in more detail in future sections.
While this is the first section of the plan, it can often help to write it last after the other sections have been finalised.
This helps to ensure that the executive summary covers all the key information within the plan.
It should define:
- what your business vision is
- what your legal structure is
- what products and services you offer
- who your customers are
- what sets you apart from your competitors
- how you will create a market for your products and services
- how you will operate
- what your financial projections are
- how your business or industry will evolve
- who owns or manages your business
- what your short-term and long-term goals are.
Refer to the corresponding sections in our free business plan template:
- 2.1 Products and services
- 2.2 Market analysis
- 2.3 Industry description and outlook
- 2.4 SWOT analysis
In this section, you should highlight your business products and services and describe what makes them unique, such as their:
- cost and sale price.
You can also include details of any plans your business has to introduce new products and services.
Your market analysis should describe your target market (e.g. local, international) and target customers.
Add in the research you have done about your industry and the market trends.
In this section, you will also complete a SWOT analysis (strengths, weaknesses, opportunities, threats).
Find out more about researching your market:
- planning and conducting market and customer research
- market research kit .
- 3.1 Current situation
- 3.2 Marketing objectives
- 3.3 Target segments
- 3.4 Competitor analysis
- 3.5 Brand positioning
- 3.6 Marketing programs
- 3.7 Marketing tactics
- 3.8 Key actions
- 3.9 Business controls
A business plan should include a high-level summary of your market research and analysis.
Starting with your current situation, complete your marketing objectives and analysis around your target market and your competitiveness.
Complete your customer and competitor profiles and develop a 1-page brand strategy .
These will help you prepare your marketing plan in section 3 of the template.
Your plan will include marketing tactics and an action plan. You will identify how you will set KPIs and report on your marketing effectiveness.
- branding your business
- writing a marketing strategy and plan .
- 4.1 Sales strategies
- 4.2 Sales analysis and forecast
- 4.3 Customer management
Explain your sales forecasts and targets in this section, and how you will manage customer records and payments. You should understand what sales strategies will work for you and the best channels to market your products or services .
You will also need to know what your current sales, volume and market share are and what you expect them to be for the next 2 years.
Learn about cash flow, invoices and payments and how to collect and store customer information for help with managing customers.
Regardless of your business or industry, you will need to prepare for operating some of your business online.
Note your digital and customer and data-protection strategies in your business plan. You could also include:
- the digital tools and resources that will be used in your business
- the people responsible for overseeing the digital strategy within the business
- details of any security considerations.
Complete a digital health check and learn how to create a digital strategy for your business .
- 6.1 Business structure
- 6.2 Contracts, licences and agreements
- 6.3 Intellectual property
- 6.4 Insurance
- 6.6 Employees
- 6.7 Financial
- 6.8 Legal and ethical trading
- 6.9 Risk management
- 6.10 Business continuity
In this section, record the legal and risk management considerations for your business.
Describe your business structure and the contracts you have now or could have in the future.
If you have a lease or are considering leasing premises, add the terms and conditions of the lease and any actions you need to take to your plan.
To complete the other legal section, learn about:
- legal requirements for businesses
- selecting the right business location
- business insurance
- intellectual property: the basics
- legal and ethical selling
- your responsibilities as an employer .
Search the Australian Business Licence and Information Service (ABLIS) if you need information about licences that relate to your business.
To identify the risks to your business, your business plan should also:
- outline and demonstrate that you have considered the risks to your business (a business risk analysis) and the possible consequences
- summarise the plans you have in place for overcoming these risks.
A risk matrix tool or risk management plan can be developed to help you analyse your business risks—read more about identifying and managing business risk .
You will also need to consider business continuity planning to prepare for unexpected situations.
- 7.1 Location
- 7.2 Production
- 7.3 Current performance
- 7.4 Plant and equipment
- 7.6 List of major suppliers
- 7.7 Stock and inventory
This section will cover all you know about how you do things in your business—for example, your standard operating procedures and how to ensure the quality of your products and services.
To better understand your business operations, read about:
- business processes, procedures and standards
- choosing the right business location
- stock control: the basics .
- 8.1 Management and key personnel
- 8.3 Training
- 8.4 Recruitment
- 8.5 Succession planning
This section helps you note your current workforce structure and plan for the workforce you will have in the future as you grow, and for potentially passing the business to a successor.
Your business plan will detail your business's organisational structure (proposed or actual)—this is often shown as a diagram representing the business hierarchy, different roles within the business and how they relate to one another.
You should also consider succession planning, even if you haven't thought about how you would sell or pass on the business.
- workforce planning for small business
- training and developing staff
- passing a business to a successor .
- 9.1 Start-up costs
- 9.2 Profit and loss forecast
- 9.3 Cash flow forecast
- 9.4 Balance sheet
- 9.5 Financial ratios
Your business plan should include your business finance details—there is a separate business finance template you can also complete.
Summarise your key financial details, including:
- costs for establishing or operating the business
- sales needed to break even
- projected cash flow
- funding arrangements
- payment plans.
You can assess the financial performance of your business using financial ratios .
- 10.1 Review and update business goals
- 10.2 Make a schedule to review your actions
The final section of the business plan should include a set of actions to take before you review your business plan next, and check your progress. This should be over a 6–12 month period, based on the business goals outlined in your plan.
Set a regular review date for the actions and the business plan. Assess which actions have been completed, which remain outstanding and which require updating to help your business plan remain relevant.
Read about skills for running a business to consider ways to improve your time management and leadership.
Optional business plan elements
While not essential, the following can supplement your business plan.
Business vision statement and business values
A comprehensive business vision statement defines what your business does and why it is important.
This could be added in more detail in your business plan and referred to in your executive summary. Find out how to create a business vision .
Business values are the principles, beliefs, and standards of behaviour that guide your business. Including this in your plan will better reflect your goals for the business.
Customer journey strategy
This section could include details of your business's key customer service strategies.
Consider mapping out the intended customer journey—the intended path customers will follow when interacting with your business.
Start with a short business plan
A 1-page business plan can be a good place to start your business planning.
It can cover only high-level information about your business value proposition (i.e. why a customer would want to buy your products and services) and business model.
A one-page plan can include details about:
- your business vision and values
- projected income and expenses
- identified business risks
- the customer segments you intend to target
- the value proposition of your business
- channels that could be used to reach your target customers (e.g. direct or online marketing)
- your customer service plan
- how you will receive payment for products and services
- the activities needed to achieve your outcomes
- the resources you will need
- details of any partners you will use to provide goods and services
- the cost structure for your products and services (based on all items as listed in the plan).
You can search online for tools that can help you create this plan—for example, a value proposition canvas or business model canvas .
Once you are satisfied with this short business plan, you can use it as the basis for your full business plan.
Communicating your business plan
Communicating your business plan to your staff and stakeholders is essential for implementing it and achieving your business goals, even when starting out with a small team.
Some practical tips for communicating the plan include:
- being mindful of your audience—different communication styles will suit different audiences (e.g. you may be able to communicate more informally with your staff than with your stakeholders, board members or investors)
- choosing an appropriate format, time and place—you could hold a staff meeting, schedule a business plan review session and invite all staff and stakeholders to attend, or create an online presentation
- using clear, concise and simple language
- making time to get feedback from your staff and stakeholders.
Read about skills for running a business for tips on developing your communication skills.
Learn about managing people through change .
Review and update your business plan
You will need to regularly review your business plan to ensure that it is relevant, achievable and up to date with any changes in your business.
Consider reviewing your business plan:
- at regular intervals (e.g. quarterly or annually)
- after a business SWOT analysis has been completed
- when raising capital (e.g. approaching the bank for a loan or pitching to an investor)
- before implementing growth strategies or new products
- when new staff members are added to the team
- when implementing a new organisational structure
- before changes in the industry or to legislation
- when preparing to sell the business .
To help you review your own plan, ask yourself the following questions:
- What will the review schedule be?
- Is the plan up to date?
- Have the business goals changed?
- Is the plan still matched to the business goals?
- Are market trends changing?
- Have there been major political, environmental, social or technological changes that affect your business?
- Have there been significant changes in your finances or need for capital?
- Is the plan still 'fit for purpose'?
Business planning resources and tools
The following planning resources and tools below can help you compile and update your business plan to ensure your business is on track to meet its goals.
- Small business planning webinar recording
- Writing a marketing strategy and plan
- Identifying and managing business risk
- Business processes, procedures and standards
- Plan your business finances
- Market and customer research
- Choosing and working with business advisers
- Networking in business
- Ask a mentor – business planning
Learn more about business planning with free, online courses .
Resources for finding licences, permits and codes of conduct
Use the Business Launchpad to discover all your licensing needs, compiled in your own customised guide.
You can also search for licences, permits and codes of practice using the Australian Business Licence and Information Service (ABLIS).
Learn about codes of conduct and codes of practices from:
- the Australian Competition and Consumer Commission
- WorkCover Queensland .
- Last reviewed: 8 Dec 2022
- Last updated: 1 Jun 2023
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Business plan template
Create a comprehensive business plan with this easy to use business plan template.
Businesses need a strong plan that outlines what you aim to achieve and gives you a roadmap to get there. Creating your own business plan doesn’t have to be difficult, simply set aside some time to work through the various elements.
What to consider when writing a business plan
The template walks you through each stage of a business plan. It will help ensure that nothing gets missed, including essential elements such as:
- your profile
- your marketing strategy
- your business structure.
When you’re writing your business plan , it’s important to:
- avoid long words or sentences
- use clear and concise language and avoid jargon
- identify your audience and keep them in mind when writing
- show why you care and let your passion for the business shine through
- highlight your unique value proposition
- include a realistic detailed financial plan
- think carefully through every step of your business start-up
- pinpoint weaknesses, identify your strengths and spot opportunities.
Why you should use a business plan template
A business plan template is an essential tool to help you create a clear, concise and comprehensive business plan. It can help you:
- secure funding and attract investors
- set goals and prioritise
- better control your business
- helps you seek finance.
Writing a plan can be enjoyable. It will help you highlight the ideas and activities at the core of your business, and force you to get your priorities in order too. It could also show you what success will look like, so you can begin measuring it. Each section of the template comes with brief instructions, so that you get the structure right.
When you’re finished, one of our small business bankers will be happy to go over the plan and provide advice and guidance. You can request a call back online to discuss this further.
Download our business plan template (DOC, 158KB) , opens in new window and read our detailed article on writing your business plan to get started.
Use our business plan template to guide you through writing your business plan.
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The information contained in this article is correct as of July 2018 and is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, NAB recommends that you consider whether it is appropriate for your circumstances. NAB recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.
Business plan template.
Having a well prepared business plan before starting your business can help you refine your idea, gain a deeper understanding of your market and have a clear direction for your business. Our guide to using the business plan template will help you when using this resource.
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Business plan template: word document
Effective planning can be the difference between success and failure. that’s why business plans are so important. they help you to define what your business is, where it’s going and how it can achieve its goals. our business plan template walks you through the different components of a strong business plan, which can be customised to suit your business or industry..
To download this word document, simply join My Business as a free member.
Already a member? Get started
This business plan template covers five key areas
1. Your executive summary
2. Your business profile, including the organisational structure and operations model
3. Your market, including industry analysis, SWOT analysis and marketing plan
4. Your business future, including a vision statement and mission statement
5. Your finances, including current and past performance, assumptions and expected cash flow
What's the cost?
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How to use this template
Before you complete this template, there are several things you should consider.
1. Skim-read the document : Read over the entire template first and decide which sections are relevant for your business. Set aside the sections that don’t apply to your business. You can always go back to these at a later time.
2. Do your research: You’ll need a solid understanding of your business and its direction before you can start on your business plan. Gather and review any existing documents you have on your businesses structure, industry and competitors, marketing strategies and finances, or start having a think about these key areas ahead of starting.
3. Decide who the plan is for : Determining who your business plan is for, as well as its overall purpose, will help to guide its tone and content. The more specific your answers are, the more useful your plan will be.
4. Follow the [italicised text] directions : Each section of the template contains italicised text, which can be used to help guide your responses. Keep in mind that not all responses will be applicable to your business.
5. Consider professional advice: If you’re struggling with your business plan, enlist the help of a professional. Business advisors, Business Enterprise Centres and accountants can help you create your plan, or look through your existing plan and offer advice.
6. New vs. established businesses : If your business is just starting out, use expected figures in your plan. Be sure to indicate that these are estimates. Established business can rely on their actual figures.
7. Leave your summary until the end: Finish all sections applicable to your business before you start on the summary. The summary should be short and to the point. It should include only the most important details and sell yourself and the business so that prospective banks, investors, partners or wholesalers can quickly read your plan and understand your current and future position.
8. Review your plan: Proofread your final plan for errors and ask team members to do the same. An inaccurate plan will reflect poorly on your business and cause confusion going forward.
9. Remove the disclaimer text from page 18: Be sure to do this before you finalise your business plan.
Disclaimer: The template and guidance provided is general in nature. The template and guidance has been prepared without taking into account your personal objectives, financial situation or needs. Before using the template and/or acting on any guidance you should consider the appropriateness of same having regard to your objectives, financial situation and needs. Before making any decisions, it is important for you to consider these matters and to seek appropriate legal, tax, accounting and other professional advice.
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Get serious with our free business plan template
Turn your business vision into a reality with our free, customisable business plan template. Available in single and multi-page format.
Download your free business plan template
Complete the form and we’ll send you our free, customisable template, so you can get down to business.
Bring your business ideas to life
Our easy-to-use, guided templates give you a roadmap for success.
Map your goals
Start moving in the right direction with a plan that covers all of the essential business basics. Outline your executive summary, vision statement and future goals.
Define products and services
Highlight your unique offerings and market strategy, including what you'll sell (and how you'll sell it). It’s time to show the world how you’re better than anyone else at what you do.
Show potential partners why they should invest in your business. A comprehensive financial forecast is key when looking to secure funding.
Why you need a business plan
Whether you’re an established company or just starting out, a business plan is vital for success. A well thought out plan helps you consider the essential elements of your business and define a winning strategy.
And through the process of writing a business plan, you’ll uncover new opportunities and unlock your business’s true potential.
We’re here to help you grow your business
Access everything you need to start planning your vision and how you’ll achieve it.
A guided experience
Our business plan templates are intuitive and easily accessible, for every business. Each section has helpful tips, prompts and instructions to guide you through all the components of your business plan.
Designed for your needs
We know that writing a business plan is not a one-size-fits all activity. That’s why we’ve put together both a streamlined single-pager and a comprehensive multi-pager. Now you can map out your needs at a high level, or outline your strategy in precise detail.
Looking for more help on how to write a business plan? We’ve got you covered. Check out our resources on how to start a business , or our 12-step guide on how to write a plan for your business .
All your questions answered about the MYOB business plan template
What’s included in the business plan template chevron down rounded.
Both our single and multi-page templates cover all the essential elements of a business plan, including an business details, vision statement and goal setting, market strategy and customer demographics, funding and investment information. Our multi-pager adds further detail and contains helpful guidance for each section.
Is the business plan template customisable? Chevron down rounded
Yes! Our templates are completely editable, customisable and available in multiple formats, allowing you the flexibility to choose the structure that best suits your needs.
Do I need a business plan to start a business? Chevron down rounded
Technically no, however as the saying goes, if you fail to plan you are planning to fail. For instance, how can you measure how things are going, if you don’t know where you're at?
Why create a business plan? Chevron down rounded
A strong business plan can help you plan for the future, enabling you to foresee potential roadblocks and author the roadmap that will drive you toward success. Through the process of planning, you’ll analyse all the important aspects of your business, provide certainty to future investors, reduce risk and plot an actionable pathway to achieving your ultimate vision.
How often should I update my business plan? Chevron down rounded
It’s a good idea to update your plan to align with the current state of business, market and strategy. Set aside some time on a regular, periodic basis to review your plan and see what’s working and what needs adjusting.