You have a powerful idea for the next big thing, but before you sell it to anyone, you have to get it all down on paper. It’s time to make a business plan.

1. How Do I Build a Business Plan? (Infographic)
medium.com/@KnutNylaende/how-do-i-build-a-business-plan-infographic-fb627a1c4a2f
You have a powerful idea for the next big thing, but before you sell it to anyone, you have to get it all down
on paper. It’s time to make a business plan.
How do you know if you’re headed in the right direction? Washington State University created an
infographic that provides 10 guidelines to help prospective entrepreneurs organize their thoughts and wow
potential investors.
Related: When Planning for the Future, Keep Your Past in Perspective
The infographic details some major questions that aspiring CEOS need to ask themselves like, what
problem is my business going to solve, what’s my company’s mission, and what do we do better than
anyone else in the market?
But you aren’t quite done yet. A thorough business plan includes who your target demographic is, the
conditions of the market you’re entering into and accounts for worst-case scenarios. And of course, there’s
the money: how much you need to get going, and where it’s going to come from once your business is up
and running.
Related: A Business Plan for the Startup Economy
For more information, like how much funding you’ll need before applying for a small business loan (that’s
30 percent), check out the infographic below.
Related: Business lessons from the world of intelligence
Click to Enlarge+

4. Originally published at www.entrepreneur.com.