At BPW Group (Business Plan Writers) our professional advisors specialise in business plans for National Disability Insurance Scheme (NDIS) registration in Brisbane, Gold Coast, Sunshine Coast, Cairns, Sydney, and Melbourne.
WHAT IS A BUSINESS PLAN AND WHY IS IT IMPORTANT?
Business planning is important to sole traders and small business owners working with NDIS. A good business plan can:
It’s time to get serious about your business!
The first step in this process should be formalising all the good ideas you have for how to differentiate yourself and attract customers. With a little work, planning can help connect those dots so that they make sense together as well as weigh up costs versus benefits before deciding on what strategy will best suit you – whether it means expanding into new markets or finding ways around obstacles through innovation
Create your roadmap and help you prioritise
The best business plans are like a roadmap that helps you stay on track and reach your goals.
A good, successful company has clear objectives – what do they want to achieve? Who is the customer base, or audience for this product/service idea in particular? What’s going happen if we get funding? A well-written plan will remind entrepreneurs about their priorities as an owner; it’ll help pick out which tasks need more attention than others.
Measure your progress towards your business goals
Monitoring your progress towards business goals and keeping yourself on track is easy with the help of a good plan. A well-made business plan will set out KPIs that can be used for monitoring, which means you’ll always have an idea about where things stand in relation to what’s expected or wanted by stakeholders (customers). This also provides useful data when it comes time evaluate whether all efforts were successful!
Reassess your first business plan and adjust your goals and strategies accordingly
The market is constantly changing, which means that you need to be on your toes. If it’s been a while since you have done a review, then now would make sense as an appropriate time for one! A review of your first business plan can help with this process because reviews allow you to revaluate your original goals and strategies in order adjust accordingly.
KEY ELEMENTS OF A BUSINESS PLAN
The key elements of a business plan for a NDIS audit should consist of the following:
This section should include your range of products and services including the registration groups you are applying for. It should also include the legal and management structure with roles and responsibilities of current and future staff.
Service providers need to know their market research and analysis so that they can determine what kind of services are in demand, as well as how much competition there will be for those types of work. In this section you’ll find information about whether specific qualifications or registrations are required before providing certain types of service.
A marketing strategy is essential to the success of your service or product. It should identify who you’re targeting, how those people can benefit from what’s on offer and any key activities that will convince them in a short period time frame using different channels such as paid ads on Google and Facebook, social media marketing, email and text campaigns and even attending networking events.
Your business’s financial plan is a crucial component of your overall marketing strategy. The projection will outline how much money you can expect from sales, specifically in the next year and on an individual month-to date basis so that it’s easy to understand where there may be opportunities for growth or risk within this area going forward. This can include a start-up costs table, assumptions and cashflow projections.
When things don’t go as planned, it is important to have a back-up plan. This means having options for when the worst does happen and identifying resources that will keep your business viable in those circumstances including; COVID-19 safe plan, disaster management plan, delegation of authority, risk management plan and complaints and feedback plans.
Our team of advisors at Business Plan Writers have create NDIS business plans every day for business owners looking to become a registered provider or add additional registration groups to the company scope. Our specialised service ensures that we provide a business plan designed to pass the audit checklist.
Get in contact with one of our consultants and Contact Us via one of our locations around Australia including Cairns, Brisbane, Gold Coast, Sunshine Coast, Melbourne and Sydney.