For all these reasons, women who want to start a business may need to make extra efforts to prepare for success. Before you begin a business, you must plan, research and prepare. The plan should describe your business, explaining exactly what it does and what need it fills. It should include goals for your business growth and progress in coming years. Your plan also should describe how you will manage, market, and, perhaps most importantly, finance your business.
Many books describe how to write a business plan.
When you write your plan, be realistic and objective. Look hard at the skills you have and those you need, the money available and the money required. This is the place to work out solutions to problems before they happen. Your business plan should look neat and professional, since you will use this document to explain your business to others, such as lenders. Finding Funding Because women are less likely to own real estate and cars in their own names, start-up funds may be difficult to find.