Applying for MyAgedCare registration and need a business plan?

Applying for MyAgedCare registration

If you are looking to become a home care package provider, and you have got started in the registration process, you will already know that you need a business plan. Whether  you want to do it yourself with a template, or look into hiring a business plan writer, here are some tips:

Do it yourself template versus business plan writer

Do it yourself using a high-quality template if you:

  • have the time
  • like thinking in a structured way
  • enjoy writing
  • enjoy gathering and organizing information

Think about hiring a consultant to write it for you, if you are:

  • very busy
  • missing some information that you need
  • not confident of your business writing style
  • stuck, half way through

The tricky bits in an aged care business plan – market research and financial analysis.

  • Market analysis and research is tricky because you need to be ready to access at least two or three reputable sources of market research. You need to look at them, and understand how they apply to your suburbs and city, or to the aged care services you want to provide. This is not as daunting as it sounds. A trip to your local library and a helpful librarian will easily point you in the right direction. If you choose to do research on the internet, start with the Australian Bureau of Statistic (ABS);they will also help you either online or in some cases, by phone.
  • Financial analysis. Templates abound on the internet to do the required three statements:
    • Profit and Loss
    • Balance Sheet
    • Cash Flow

These three statements are vitally important to start your business. The business.gov.au website has great instructions, too.

If you are in any way under–confident about your abilities in these two skills, then you can either get this done as part of a business plan, get this done separately from a business plan, or quickly acquire the skills through a reputable online training program (such as those offered by the government’s NEIS program or TAFE). 

Do it yourself template versus business plan writer 

If you are short of time, then a business plan writer is the best bet. Click here for the typical contents of a high-quality plan, or click here to contact us for more detail on what is included in an aged care business plan. 

Click here if you need a business plan urgently,  and please click here to buy your plan. 

Alternatively, you can give us a call on 1300 644853 or email us at info@smallbusinessplans.com.au (24/7 website chat and enquiry available). 

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