Home' Border Enterprise : Summer-Autumn 2011-2012 Contents enterprise
Vol 5. Summer/Autumn THERE'S a great deal to think about
when you're starting out in business.
Careful planning, the right help and
the right financial set-up are an
indispensable part of your strategy to
ensure you get off to the best start.
NAB's managing partner at Albury's Business
Banking Centre (BBC), Andrew Hogan, said a
business plan is an imperative first step as it
outlines your business strategy for the next few
"I speak to a lot of business owners and
business leaders, and almost without exception,
each of them has a goal. It's important to have
a goal, and it's equally important you write down
what these are. A business plan allows you to
understand just what it is you want to achieve,
and how you are going to achieve this. Getting
it all down on paper allows you to codify it."
A plan may help support an application for
business finance or business grants, or it could
be simply for your own use as a roadmap for
the growth of your business. The process of
creating your business plan allows you to focus,
define your ideas and identify your priorities,
ultimately saving both time and effort.
Planning will also give you a clearer sense
of direction and a benchmark, enabling you to
"Interestingly, a business plan is something a
lot of business owners don't produce; instead, it
all remains in their heads," Mr Hogan said.
"But at some stage they're going to need to
share with their business team what it is that
they want to achieve. A plan helps to define
this, and what is required to make the business
a success. Having these specifics allows the
business owner to see how to achieve their
While you are planning, the NAB recommends
you also talk with an accountant, lawyer or
specialist in your field for help with the details.
And while a SWOT analysis is very important,
Mr Hogan said it was also essential to have an
action plan outlining what is required to get your
business to where you want it to be.
"Having your goals written down allows you to
review them regularly," Mr Hogan said.
"You can sit down together with your bank
and other professional specialists and ask: 'Did
this work for me?' If it didn't, 'what do I need to
change to get back to my original goals?' "
As many business owners will attest, It is
often only after you have devised a business
plan and subsequently worked on the business
for some time that you are in a position to define
what is working, and what may need to change.
"Businesses are extremely dynamic entities,
whether in local or wider-reaching markets.
They're not static; they're fluid and changing.
Having a plan allows you to refer back to see if
your current situation is still consistent with what
you want, and where you want to be. Reviewing
your business plan on a frequent basis will
better allow you to handle any changes that
need to be made," Mr Hogan said.
The NAB's business plan template available to
download from www.nab.com.au/smallbusiness
can help you get started.
all in the
AHOME away from home for
families whose babies are
being cared for at Wodonga
Hospital has won the award for
best special purpose housing
project in the 2011 Victorian Housing Industry
Association Awards for Border builders Davis
The Ronald McDonald Family Room, which
is attached to the maternity unit, opened 18
It was designed and constructed by Davis
Sanders Homes at a cost of $548,000. Davis
Sanders' managing director Murray Pigdon
said winning the award was more fulfilling as
the room had the potential to be utilised by so
"This project has been driven by need but
also by the insistence of Laurel (Butler) and
Maree (Cables),"Mr Pigdon said.
Ms Butler, a marketing executive with Davis
Sanders and Ms Cables, a franchisee for
McDonalds, developed the plan to build the
Ronald Mc-Donald Family Room in Wodonga
and have been driving the fund-raising effort
for more than two years.
The result is a home designed for two
families with communal spaces and separate
outdoor spaces, which is accessed via a
swipe card security system.
Ms Butler said the colour scheme had been
co-ordinated with the furniture and appliances
"After the building was done we were very
particular about what we wanted in terms of
"With everybody's help it has all come
together. "The judges who selected the
Wodonga project for the HIA award noted
the care and attention to detail shown in the
Ms Butler said the Ronald McDonald
Family Room had been funded via a grant
from Ronald McDonald House Charities and
She said the team still had $50,000 to raise
to pay off the debt and was planning a major
ball in May or June next year.
The Davis Sanders project will now
compete as a finalist at the 2012 national
awards in May.
Another Border builder, Flair Cabinets won
the HIA award for the renovated kitchen, up
to $25,000, for a project completed for Table
Top couple Barry and Helen Clifton in Old
The kitchen features granite bench tops,
new floor tiles, drawers instead of cupboards
and an island bench.
Some of the original features of the 1970s
Family room wins
state house gong
Davis Sanders' Murray Pigdon and
Laurel Butler are delighted the business
has won the Victorian HIA Award for its
creation of the Ronald McDonald
Family Room at Wodonga hospital.
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