As an entrepreneur, you want to start a business. You know that the first step is to consider drafting a business plan proposal to organize all of your ideas. For this assignment, you will be submitting a business plan proposal for your imaginary business. For research purposes, you can choose any state for the location of your business. Your business plan should include the following:
- Introduction of the proposed business
- Description and explanation of the type of business entity that is best for your business
- Partnership, corporation, etc.
- Provide explanation for your choice of business entity.
- Description of the specific steps needed to be followed to successfully and legally start the business
- Steps will vary, depending on the type of business you choose
- Good sources of research for this area include the following:
- Textbooks
- State statutes
- The Small Business Administration Web site will be helpful; it includes information on how to start a small business