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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.

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Business plan template

• Download (134.5 KiB) (DOCX)

URL: https://www.publications.qld.gov.au/dataset/30775b7b-4198-4cef-9fef-8800d76648c6/resource/d5b824ef-8f97-49d2-be2f-1b88bde4d0e4/download/business-plan-template.docx

Template for use in creating a business plan

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Apply for and manage a grant or program for your business.

Manage your interactions with the R&D Tax Incentive program.

• Grants and programs
• MRFF 2024 National Critical Research Infrastructure Initiative

MRFF 2024 National Critical Research Infrastructure Grant Opportunity

Funding for health and medical research infrastructure.

On this page

• At a glance

Check if you can apply

How to apply, key documents.

Opening date: Friday 4 October 2024 10:00am AEST Fri 4 Oct 2024 10:00am AEST

Closing date: Monday 31 March 2025 5:00pm AEDT Mon 31 Mar 2025 5:00pm AEDT

What do you get?

Grants to fund research infrastructure projects, up to $3 million in Streams 1 and 2, up to $7 million in Stream 3 and up to $4 million in Stream 4.

Who is this for?

Eligible organisations that can support innovative medical research projects to improve health benefits for Australians.

The 2024 National Critical Research Infrastructure initiative invests in research infrastructure to ensure Australian researchers find innovative solutions to complex health problems in areas of unmet medical need. This grant opportunity has four streams.

Stream 1 – Innovation enablers

Addresses an area of unmet medical need by promoting the development and implementation of new research infrastructure by supporting development and/or expansion of research enablers such as biobanks, tissue repositories, novel research platforms, and secure health data environments to create valuable research resources.

Stream 2 – Digitisation of health care

Developing and translating into practice digital therapeutics, artificial intelligence enabled health interventions and technologies (e.g. wearables integrated into clinical practice), applications or other software for use in clinical practice.

Stream 3 – Co-investment partnerships

Utilising co-investment (cash only) with the research sector, state and/or territory governments, and industry, in significant critical research infrastructure (e.g. facilities, personnel and equipment):

• to support development of research capacity, capability and/or effectiveness in an area of unmet medical need, or
• to enable Australian research using new platforms, systems and services in an area of unmet medical need.

Stream 4 – mRNA technology enablers

Leveraging and enhancing emerging mRNA technologies, platforms, and/or equipment to accelerate development of mRNA-based vaccines and therapeutics in an area of unmet medical need.

An application may only be submitted to one of the above four streams only. Applicants must specify the stream to which they are applying in their application.

You can apply if you meet the eligibility criteria. The eligibility criteria are a set of rules that describe who we can consider for this grant.

You can apply if you:

• are an eligible entity
• have an eligible project
• have eligible expenditure
• includes at least one academic organisation and at least one other organisation which may be industry or state/territory government
• contributes at least 34% of project costs in cash.

The rules are in the grant opportunity guidelines .

Eligible entities

• have an Australian business number (ABN)
• are incorporated in Australia

and in accordance with s24 of the Medical Research Future Fund Act 2015 , are one of the following entities:

• a medical research institute
• a university
• a corporate Commonwealth entity
• a corporation (including businesses and not for profits).

You can’t apply if you are:

• an organisation, or your project partner is an organisation, included on the National Redress Scheme’s list of Institutions that have not joined or signified their intent to join the Scheme
• an employer of 100 or more employees that has not complied with the Workplace Gender Equality Act (2012)
• an individual
• a partnership
• an unincorporated association
• a trust (however, an incorporated trustee may apply on behalf of a trust)
• a non-corporate Commonwealth entity
• any organisation not listed in the eligible entity list.

Partner with other organisations

Joint applications are encouraged.

You can partner with one or more other organisations but you must decide who the lead organisation is.

Stream 3 applications must be from a consortia (including the applicant):

• of at least one academic organisation and at least one other organisation which may be industry or state/territory government
• with combined cash contributions of at least 34% of the total eligible project costs.

The lead organisation must fill out the application form and enter into the grant agreement with the Commonwealth.

If we give your group the grant, the lead organisation:

• signs the grant agreement
• receives grant payments
• is responsible for making sure your group follows all requirements in the grant agreement, including all reporting requirements.

Eligible projects

We can only accept applications that provide:

• evidence from your board (or chief executive officer or equivalent if there is no board) that the project is supported, that you can complete the project and meet any costs not covered by grant funding
• letters of support from each project partner/consortia partner
• a list of up to 15 Chief Investigators using the template on business.gov.au (max 15 CIs and none listed on more than one application submitted per stream to this grant opportunity)
• a detailed project plan (max 12 pages)
• a detailed and itemised project budget
• a one-page statement of how your project will contribute to the Measures of Success for the MRFF
• a detailed risk management plan (max 2 pages)
• details of IP arrangements
• trust deed (if applicable).

Check if you’re ready to apply for a grant

Finding a suitable grant opportunity is just the start of the process to get funding. The application process can take time and effort. Understanding the entire process will help you be grant ready and may improve your chances of getting funding.

Use our checklist to find out what it takes to apply for a grant .

When you're ready to apply

When the online form is available, you must submit your application through the online portal. You’ll need to set up an account when you first log into the portal. The portal allows you to apply for and manage a grant or service in a secure online environment.

How we assess applications

First we check that you meet the eligibility criteria. Eligible applications are then assessed against the assessment criteria by an independent committee of grant experts.

The amount of detail and supporting evidence you provide should be relative to the project size, complexity and grant amount requested. You should define, quantify and provide evidence to support your answers. The sample application form displays character limits.

The program delegate will make the final decision taking into consideration the recommendations from the independent committee of experts.

This grant opportunity has 4 streams with the following assessment criteria:

• Assessment criterion 1: Project impact (40% weighting)
• Assessment criterion 2: Project methodology (30% weighting)
• Assessment criterion 3: Capacity, capability and resources to deliver the project (30% weighting)
• Assessment criterion 4: Overall Value and Risk of the Project (non-weighted)

Scoring information for all assessment criteria can be found at Appendix C and Appendix D of the grant opportunity guidelines.

Let us answer your question via phone, email or live chat. And if we can't help, we'll put you in touch with someone who can.

• Phone: 13 28 46
• Open Hours: Monday – Friday, 8am – 8pm across Australia
• Website: Contact us

Grant opportunity guidelines

Sample application form

Sample grant agreement

Board or CEO letter template

Chief Investigator template

Independent audit report template

MRFF grant management resources

Reporting templates are available from the MRFF grants management webpage. The page also provides other resources for MRFF grant administration, including current policies and relevant forms and templates.

View the latest reporting templates on the MRFF grant management webpage

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smallbusiness.wa.gov.au

Guide to using the business plan template.

This guide will walk you through the process of completing a business plan and is designed to be used alongside our  business plan template .

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• Message from the Premier

Significant milestone as BHP’s SA copper plan set for assessment

Bhp has reached a significant milestone on a pathway that could see a more than doubling of copper production in south australia by middle of the next decade..

The State Government has made a declaration calling in BHP's proposed development to increase copper cathode production, and associated products, as an ‘impact assessed development’.

If approved, the proposed project would see a new, second copper smelting furnace built, which would augment and expand the existing facilities at Olympic Dam.

This upgrade would facilitate the processing of more materials from BHP’s portfolio of copper assets across South Australia, including Olympic Dam, Prominent Hill and Carrapateena.

In its FY24 full year results released this week, BHP also made a significant public statement about the size and quality of its mineral resource at its Oak Dam prospect, reinforcing the potential for South Australia as a leading copper jurisdiction.

BHP has outlined a strategy to further increase BHP’s copper production from South Australia from 322,000 tonnes of copper last financial year, up to 650,000 tonnes a year by the mid-2030s.

The assessment processes in place for impact assessed developments allow for the highest level of scrutiny under South Australian law, and can be aligned with the Commonwealth’s environmental assessment processes to ensure a robust scientific and technical assessment.

Attributable to Tom Koutsantonis

This declaration marks the beginning of a robust consultation and decision-making process.

It’s an opportunity for BHP to make a case for this proposal, and allowing the South Australian community to weigh up the benefits the project could bring against any economic, social and environmental impacts it could have.

It’s very encouraging to see BHP planning for ongoing significant investment in South Australia – as we’d expect, they’ve done a mountain of work before reaching this point and their public statements about the potential of this copper plan are significant.

However, we’ve been down this path before, and South Australians have a right to be sceptical. Following the assessment process, BHP’s final investment decision rests with them, and they have advised they plan to make a decision in the first half of FY27.

But we do know that this proposed development comes at a time when our state is ideally positioned to capitalise on the massive opportunity emerging in the global effort to decarbonise.

This proposed investment would align with the copper opportunity the Malinauskas Government has already outlined in the State Prosperity Project. Our state is home to more than two-thirds of Australia’s total copper resources, and its emergence as a Tier One copper province could ensure we have a significant role in meeting the predicted surge in international demand for copper required by the global energy transition.

For BHP, the proposal represents an opportunity to consolidate the huge investments the company has already made in South Australia’s copper assets and make significant returns to shareholders.

For South Australia, it could mean a huge boost to the value we add to the state’s natural resources right here in this state, meaning greater opportunities for South Australians.

Corporate Plan 2024-25

The ACCC and AER Corporate Plan 2024–25 outlines the strategic objectives, key activities, collaboration, capabilities and risk management that we use to achieve our purposes, and describes our operating environment and our performance measures.

Latest in the series

Corporate plan 2023-24, corporate plan 2022-23, corporate plan 2021-22.

Corporate Plan 2024-25

The Department of the Prime Minister and Cabinet’s Corporate Plan for 2024–25

Australia’s economic and fiscal outlook

While there remains considerable uncertainty around the outlook, the Australian economy is well placed to navigate the economic challenges ahead. Domestically, inflation has moderated substantially from its peak in 2022, the unemployment rate remains near historical lows, annual real wages are growing and business investment, though moderating recently, has been strong. However, the combination of elevated inflation and high interest rates has resulted in lower growth over the past year and flatter household consumption. Although the labour market has proven highly resilient, there are signs that labour market conditions are softening and will continue to ease over 2024–25.

Looking forward, the government’s cost-of-living relief measures announced in the 2024–25 Budget are expected to support real household disposable incomes and a recovery in household consumption. The improvement in household consumption is expected to be complemented by an elevated level of business investment and a gradual pick-up in dwelling investment as cost pressures ease and asset returns improve.

Key risks include weak household consumption, particularly if households, facing budget constraints, instead seek to replenish savings or if employment growth is slower than forecast. Inflation could also be more persistent than expected.

There are also global factors that pose downside risks to the outlook, including global growth which is expected to remain subdued over the next few years as the effects of high inflation, restrictive macroeconomic policies, geopolitical tensions, and challenges in the Chinese economy weigh on the outlook. While developments such as the global transformation to net zero and rapid shifts in the geostrategic landscape are creating challenges, they also present opportunities for Australia’s economic prosperity and security.

The department supports the government to deal with these economic challenges and position the Australian economy to capitalise on the opportunities. PM&C will continue to support the development of policies to provide cost-of-living relief to all Australians and facilitate the transition to a net zero economy.

The department also continues to support the government’s objective of responsible fiscal management. The government’s economic and fiscal strategy aims to make the economy more resilient and put the budget on a more sustainable footing. In the short term, efforts are underway to keep pressure off inflation while continuing to provide targeted cost-of-living relief to those most in need. Over the medium to longer term, the strategy will be supported by reducing gross debt as a share of the economy, returning tax upgrades to the Budget, and supporting sustainable economic growth and responsible use of public finances.

In addition, the Australian economy continues to witness a range of broader structural shifts, with significant forces expected to reshape Australia’s economy in coming decades. These forces include an aging population, rising demand for care and support services, climate change and the net zero transformation, technological and digital transformation, and continued geopolitical risk and fragmentation. PM&C will continue to work to support the government in navigating the complex policy challenges ahead.

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IBA Corporate Plan 2024-25 marks milestone!

Our Corporate Plan 2024-25 is now published.

The plan marks 50 years of the Indigenous Home Ownership Program. Since inception, the program has written over 21,000 home loans, improving the lives of thousands of Aboriginal and Torres Strait Islander families, while contributing to the overall housing assistance framework in Australia.

It outlines what we will do to deliver on the second year of our five-year strategy out to 2028.

During the year will deliver our next groundbreaking impact study, which explores the role financial wellbeing plays at the individual, family, and community levels.

Our 2028 strategy takes a wellbeing approach and places impact at the centre. This shows how we understand where our target outcomes fit within the broader needs of the people we serve.

“Informed by our performance and proof of the impact created, we will leverage our partnerships to collaborate and deliver projects and initiatives led by Aboriginal and Torres Strait Islander people.” Eddie Fry, IBA Chairperson.

The plan explains our priorities for the year ahead that will contribute to achieving our four strategic goals – Choice, Inclusion, Prosperity, and Excellence.

Investing in these areas will ensure we continue to achieve positive impacts in the lives of Aboriginal and Torres Strait Islander people.

Our Impact Reports demonstrate how our activities directly and indirectly address many of the disparities identified in the National Agreement on Closing the Gap, including those relating to housing, economic participation, education, employment, safety, health, and wellbeing.

IBA supports Aboriginal and Torres Strait Islander people to achieve financial inclusion and economic empowerment through:

• home ownership
• business opportunities
• investment activities that build wealth.

Read our current and previous plans.