For those of you who want to start a new business, expand an current one, or start an new one there is one thing that you need to do before you ever start and that is to come up with a Business Plan. Although, most fail in business, this is essential if you have an chance of succeeded and an positive mind frame is also a MUST. What is an Business Plan? Well, it is a written description of your business's future, a document that tells what you plan to do and how you plan to do it. Can't I just brainstorm in my head and then take action? Sure, if you want to fail for sure! For a business Plan, you need to be sure to document everything before taking action on paper. This can be handwritten or typed, does not matter. Before beginning, keep in mind the of the following: * Your business plan short be short. If you've got a plan that's more than 40 pages long, you're probably not summarizing very well. This includes 10 - 20 pages of text and another 10 pages worth of visuals such as charts, graphs, etc. * Determine Your Goals and Objectives. For Goals, some of them might seem realistic at the time but hold on to that for hopes to make them an reality. Do include your financial goals as well as your other goals. Your Objectives should all start with I WILL... * Don't Forget About Marketing when making your business plan and break down how you will use the upfront funding or how you will obtain the needed funding to fund your business. This includes researching on average cost of obtaining an business license, registering your business as an LLC, corporation, trade name, etc., and cost of online & offline fees. If you think you do not need to Market your business and people will find it by just search engines then you need to reevaluate and realize that is probably not going to happen. Writing Your Business Plan * Preparing to Write. Before you begin writing, you need to prepare what to write about by gathering your thoughts, any needed documents, and keeping in mind everything above. * Updating Your Business Plan. When anything changes and/or you complete an step within your business plan then update that and check it off your bucket list of what you need to do. * Enhancing Your Business Plan. You may need to edit your business plan, change strategies, marketing, or whatever to produce more sales or what not. Business Plan Tools Business Plan Software How to Start a Business: A Step-by-Step Guide Business Plan Templates Sample Business Plans Some resources are from Entrepreneur Media, Inc.