These questions apply to most small businesses. Feel free to skip any questions that don't pertain to you. To sum up, writing a precise description of your business is an essential part of the business planning process. Make sure you've considered as many details of your operations as possible, well before you open your doors. Learn how to determine your break-even point.
Some people have a bigger problem than others when opening a new business.
These are folks who are positively enamored with their business concept and are desperately eager to begin. They are so smitten and eager to start, they have no patience with the economic realities involves in their business. If you recognize this tendency in yourself, it's extra important that you prepare a financial forecast carefully and pay attention to what it tells you. This step tells you whether your idea is a sure winner, a sure loser, or, like most ideas, whether it needs work and polishing to make it presentable. The honest answer is, you can't.