Organisational plan
In your organisational plan, you show that you have thought about your business's risks and obligations, such as permits and licences, certification and qualifications, administrative systems, and insurance cover.
To help you create a comprehensive business plan, this article helps you to dot the i's and cross the t's in regard to organising your business.
Administrative systems
Think carefully about how you will set up your company's administrative systems. Will you be doing this yourself or will you be hiring a bookkeeper or accountancy firm? If you're planning to farm this out, list your accountant's contact details.
General terms & conditions
Issuing general terms and conditions of business provides your customers clarity about matters such as delivery times and payment methods. State whether you've already drawn up your company's general terms and conditions. If you've opted not to draw up terms and conditions, then explain why.
Insurance cover
Nobody likes unpleasant surprises. Proper insurance cover gives you peace of mind and in certain situations provides a stopgap if your income is adversely affected. Assess the risks and determine the costs of adequate insurance cover and clearly state which risks you intend to cover.
Employees
Explain clearly why you've opted to take on staff, and if so:
- what type of work your employees will be performing;
- whether employment will be subject to a collective labour agreement;
- what employment‑related liabilities you will have.