Identify and describe the land and civil works, buildings, equipment, staff and other inputs necessary to generate the products and services and set out how to procure the facilities and equipment. Describe how the products and services will be produced and made available to the customer and how soon you plan to achieve the estimated level of production. Determine the principal raw materials and requirements of other essential operational inputs and their sources as well as procurement policies. Detailed information about the partners, if any, particularly those who will actively participate in the management of the business. Ownership Structure Describe the form of the organization, whether your business will be a corporation, partnership, or a sole proprietorship, as well as its tax status.
Legal Aspects Be familiar with the licenses required, zoning laws, and other regulations.
These vary from business to business and from country to country. The relevant government department should be able to provide this general information. Carefully review agreements regarding fees, royalties, training, and the engineering design before making the final decision. The amount the market will pay for the product or service. The way to inform the market about the product or service.