- What is the name of your business?
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- What is your business idea? (restaurant, hair salon, etc.)
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- Describe your products and/or services for your business.
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- What type of business ownership structure will you have? (proprietorship, partnership, etc.)
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- What are your strengths for owning this business? (why will you be better than your competition)
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- What are your weaknesses for owning this business? (what will you have to hire out to be done, or what do you need to work on)
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- What businesses will be your competition?
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- What are 2 strengths that your competitors are good at and what will you do to make your customers come to your business instead?
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- What are 2 weaknesses that your competitors have that you can exploit to make customers come to your business?
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- Describe who your customers will be (gender, age, income, territory, etc.).
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- How many dollars worth of sales will you have the first year? Give an explanation of how you came up with this amount (example: 60 customers per week paying $15 each = $900 of sales per week).
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- How will your business be organized? (what responsibilities will each employee have)
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- How will you market your business? (what kind of advertising will you have)
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- List items you will need to start your business and estimate how much each item will cost.
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- Where will you get the money to start your business? (family, savings, loans, etc.)
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