Business Planning

Business Plans for FVRA and Registration.

Under the new audit process (1 July 2018), ASQA requires applicants to develop a detailed business plan that aligns with the Financial Viability Risk Assessment (FVRA) and the proposed RTO and CRICOS operations.

Each business plan is developed uniquely for each RTO/business.

The business plan works as a road map for the RTO, providing business level analysis describing the RTO, industry/sector review and context, marketing and opertional plans, financial objectives and projections.

  • Executive Summary
  • Background and Purpose
  • Business Goals and Objectives
  • Environmental Scan – Sector and Market Analysis
  • Internal Analysis (SWOT)
  • Marketing Plan
  • Operational Structure and Management
  • Financial Plans

The Business Plan acts as a dynamic management tool that can be regularly monitored to ensure the business is on course with meeting goals, sales targets or operational milestones.

A well-defined strategic plan sets the direction for a business' future direction and its competitive positioning.

  • Vision
  • Mission
  • Objectives
  • Strategies
  • Action Plans

The objectives are measured based on Key Performance Indicators (KPIs).