Write Your Business Plan
by Answering These Questions

Congratulations! You have made the decision to start your own business. You probably have a vision of your business in your mind. But can you explain your idea to the bank, investors or in applying for start up capital? You need to define your idea in an orderly format - you need to make a business plan.

Writing a business plan will require you to refine your idea and flesh out the details. It will require a lot of work and research, but having a business plan greatly increases the chances that your business will be a success. Without a business plan, lenders and investors will not even be interested in talking with you.

• What are the goals and objectives of the business?
• What is the business form: sole proprietorship, partnership or corporation?
• Does the business provide products or services?
• At what level does the business operate: manufacturer, wholesale, or retail?
• What federal licenses or certifications are required?
• What federal regulations or standards will you have to follow?
•  ... many more questions

The form of a business plan depends upon the specific business, but most follow the same basic structure. Crank up your word processor and create the basic outline provided. Then flesh out your plan by answering the questions posed in this e-book.