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Four: Your Business Plan

You've assessed your suitability for the life of a small business owner/operator. You've identified and evaluated several business ideas and decided which one is right for you. You've also completed your preliminary research and made some decisions on how your business will be structured and how it will operate. It's time to clearly articulate and describe your planned business venture by completing a business plan.

A business plan is a written document that describes all aspects of your business venture, including:

  • who you are
  • where you are located
  • your basic product or service
  • how you will produce and market it
  • who your customers are
  • who your competition is
  • how you will finance the business

In short, it outlines comprehensively yet concisely what your business objectives are and how you will achieve them within a budget.

Why do a Business Plan?
How to Present Your Business Plan
The Key Elements to a Business Plan
Finding Help to Complete Your Business Plan