Business Plan Objectives And Goals
Now that you understand why you need a business plan and you've spent some time doing your homework gathering the information you need to create one, it's time to roll up your sleeves and get everything down on paper. The following pages will describe in detail the seven essential sections of a business plan - what you should include, what you shouldn't include, how to work the numbers and additional resources you can turn to for help. With that in mind, jump right in.
If you're going it on your own, you're eligible to create a sole proprietorship. If more than one person will be liable, you'll need to register as some form of partnership. However, you might want to separate yourself from your business so you're not personally responsible for debts, legal obligations and other issues. In that case, you'll need to form a corporation. Small businesses, for example, usually register as Limited Liability Corporations. It's wise to meet with a professional tax adviser before you make your decision.