The MFAA has announced a free business plan template to assist its small business owner members.
The business plan template, designed specially to support small business owners, is available only to MFAA members by accessing the ‘member resource’ section of the MFAA website.
The template has been reviewed to fit industry requirements and has been checked by the MFAA’s in-house compliance manager to ensure that it meets the requirements of regulators.
“One of the key things that I have discovered in my broker forums is the industry need for better business management tools. We have listened and created a tool that will assist brokers to create a growth plan for their businesses,” MFAA CEO Siobhan Hayden said.
The template is designed to guide the broker through key considerations. It allows brokers to decide if each section is relevant to their customer base and also provides a framework to assist time-poor professionals. It can also assist members with responding to aggregator requests for plans or in seeking business finance to resource their growth.
“Given our role representing the majority of brokers in Australia we are determined to provide membership value that includes better business management tools and advice. We did this last year helping hundreds of broker businesses with free marketing consulting and content for websites,” Hayden said.
“I recommend that businesses with employees engage them in the plan development to ensure a behavioural connection. We are proud to be the only association in the industry providing this service.”