Task C1.1 Why go to the trouble?

Do you want to start your own business? Then you'll need a business plan. Find out what business plan is and why you should have one.

Creating a business plan: the benefits

People considering going into business should always prepare a business plan that will guide the future operations of their business. Lawyers, accountants, financial planners and the ATO all stress the importance of planning. The result of any application for finance or loans will depend on close scrutiny of the business plan. 

Task C1.1 Why go to the trouble?
Type: Mixed
Questions: 14
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
  • Fact 20

    In the 1950s, some ATO personnel informally referred to the tax laws as Pig's Stew because they collected Payroll tax, Income tax, Gift duty, Sales tax, Stevedoring industry charge, Tobacco charge, Estate duty and Wool tax.

Australian Taxation Office (ATO)

An Australian Government body that collects taxes and other revenue, and manages superannuation.

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