Tuesday, October 7, 2008

The First Step to Your Business Plan

To write a business plan, you will need to be able to answer some vital questions.

Grab a notebook and do some brainstorming to answer the following questions. It may not be formal, but the responses will give you an idea of where your business is going.






1 - What is your business idea?

2 - What are your goals for starting this business?

3 - Who are your customers?

4 - How is your business different?

5 - Who are your competitors?

6 - How much money do you need to startup and how much will the new business make?

7 - Where are you going to get the startup funds?

8 - How will you measure the success of your new business?

9 - What are the key milestones for your business?

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