Enter your business name
Enter your name
Section 1: The Business Profile
Description of My Business
(Session 1): Describe your product or service.
Targeted Market and Customers
(Session 1): Describe your customer profile and why customers want or need your product or service. Growth Trends In This Business
(Session 1): Is the market for your product or service growing or shrinking? Pricing Power
(Session 1): Explain the unique qualities or circumstances concerning your product or service that will enable you to maintain profitable pricing.
Section 2: The Vision and the People
(Session 2): Describe convincingly that you are passionately committed to your new business and have the realism to make inevitable hard choices.
Work Experience Related to My Intended Business
(Session 2): Describe your work experience in the business you plan to start including a list of your skills and knowledge, which will be required in your business. Personal Background and Education Credentials
(Session 2): Describe yourself, including your education.
Section 3: Home Based Business Issues
1. Factors in Selecting the Business
(Session 3): Describe your considerations for selecting your home business and list:
1. Your experience in the business
2. Why appropriate for home based
3. Your utilization of Internet and communications tools 4. Home based zoning and licensing required
5. Your competition
2. The Home Based Business Format
(Session 3): Describe if the business is part-time (moonlighting) or full time.
1. If a full time business describe your preparations before quitting your job (see check list in session)
3. Conflict of interest management
(Session 3): If business is part-time describe your conflict of interest policy and compartmentalization of job and business. 4. Operating personnel
(Session 3: Describe the personnel who will be involved in operating the business including any family members. Describe participation and responsibilities.
Section 4: Financing
(Session 4): Provide a chart or spreadsheet showing all of the sources of your start-up capital. Explain any government assistance or loan guarantee programs you intend to apply for.
If your business is for use with potential lenders, include a cash flow projection and projected income statements to show sources of repayment of loans. Be conservative in your forecasts.
List your sources of referrals to lending institutions. (Your accountant, etc.)
Section 5: Organization
(Session 5): Explain the form of business organization you intend to use and why it is best for your business. Professional Consultants
(Session 5): List the names of your lawyer, accountant, insurance agent and any other professionals. Licenses
(Session 5): List what licenses you will require to go into business.
Section 6: Licenses, Permits and Business Names
Due Diligence Procedures for Licenses, Permits and Business Names (Session 6): List the following:
DBA: List the name you intend to do business as
Zoning: Indicate if the zoning if appropriate for your intended office location
Licenses: List the appropriate licenses you will need at the local, state, and federal level
Trademark: Indicate your trademark intentions if any exist
Sellers Permit: List any sellers permits that you may need
EIN: Indicate if you will obtain an employers identification number
Section 7: Insurance
(Session 7): List the forms of insurance coverage including costs are anticipated.
Section 8: Communications
Computer and Communications Tools
(Session 8): Furnish a tabulation of each piece of equipment you intend to use including a description and the budget for each. You can use the following as a guide.
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