Time to Plan: 6 Business Planning Tips to Get EOFY-Ready

Whether you're just starting out or already growing, having a clear and actionable business plan can make all the difference.

Planning isn’t just for big businesses — it's a powerful tool for sole traders, partnerships, and small companies too.

6 Tips to Strengthen Your Business Plan

Here are six practical tips to help you write a new plan or refresh your current one:

Set Clear Goals
Define what success looks like for your business in the next 12 months. Be specific — think revenue targets, new service lines, or customer growth.

Know Your Numbers
Review your income, expenses, and cash flow. Plan for tax obligations, asset purchases, and seasonal changes. A forecast helps you stay in control.

Understand Your Market
Identify your ideal customers, what they value, and what competitors are doing. Use this insight to shape your pricing, service offering and marketing.

Plan for EOFY and Beyond
Use this time to prepare for tax time, check your deductions, and plan major purchases. A good business plan includes a tax strategy.

Identify Risks and Solutions
Consider what could affect your business — supply issues, staffing, economic changes — and how you’d respond.

Track Your Progress
Set quarterly check-ins to review your plan and adjust where needed. A business plan is a living document, not a one-off task.

Need a Hand?

At TaxAssist Accountants, we help local businesses take the guesswork out of planning and tax — so they can grow with confidence.

Book your free consultation to get started on your plan for 2025–26 by clicking here. 

Last updated: 28th May 2025