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A business plan is your vision of where you want your business to go and how you’re goingto get there. It’s a road map and, like a map, it helps to document the route on paper, ratherthan simply commit it to memory. A coherent, written plan is as important to your success as aset
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You're excited. You have a great idea for a new online income opportunity. Maybe it is an original idea that has not been marketed online before. Maybe you have come up new angle on a traditional concept. Whatever it is that has influenced you to start your online business, be sure that you have a plan before you begin.
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Many investors skip straight to the financial section of the business plan. It is critical that the assumptions and projections in this section be realistic. Plans that show penetration, operating margin and revenues per employee figures that are poorly reasoned, internally inconsistent or simply unrealistic greatly damage the credibility of the entire business plan.
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