What should a business plan cover?
Thats the million dollar question.
For one thing, it should offer a thorough analysis of the need for the particular product or service you are planning to offer. It also needs to talk about how you are qualified to be making such an offering to the public.
A business plan should address your strategies in terms of production and marketing, how you will be organized, any legal aspects that you must address, and what your accounting methods will be. In short, a business plan should address the following questions:
* What do I want and what am I capable of doing?
* What are the most workable ways of achieving my goals?
* What can I expect from the future?
Keep in mind that there is not one specific format that you should use, or one best way to lay out your business plan. However, there are some steps you can take to make the process go a little more smoothly; weve listed what we think is the easiest method, below.
Step 1: Making the Commitment be sure that you desire to work for yourself is truly greater than you desire to work for someone else.
Step 2: Analyze yourself list your...