Starting and managing a business takes motivation, desire and talent. It also takes research and planning.
To increase your chance for success, take the time up front to explore and evaluate your business and personal goals. Then use this information to build a comprehensive and well thought out business plan that will help you reach these goals.
Your plan will become a valuable tool as you set out to raise money for your business. It should also provide milestones to gauge your success. Before starting out, list your reasons for wanting to go into business.
You need to determine what business is "right for you." Ask yourself these questions:
Then identify the niche your business will fill. Conduct the research to answer:
Now develop your plan is the pre-business checklist. You should answer:
Your answers will help you create a focused and well researched business plan. You must detail how the business will be operated, managed and capitalized.
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