First Things First:
Please understand that it is okay to change or modify your business plan as the economy changes. The plan is not carved in stone, and therefore must be made flexible. Remember, no heartburn.
What business are you in, or what do you know?
Take a look at your skill set, and see what you can offer to others. I'm a teacher, and have been a substitute teacher in So. Cal. for 13 years. I also teach
contractor's law for a private enterprise, with topics on developing a business plan being covered. I've been doing that for 15 years. Therefore, I'm
giving back to the community.
Where do you see your company in 6 months (short term), and 5 years from now (long term)?
Maybe you just want to bring in some supplemental income, or replace income that was lost (it does happen). Never mind about making the proverbial "million dollars", that will come over time. However, be realistic with this goal.
How are you going to advertise? Flyers? Run classifieds in the Sunday edition of the local paper? You could run classifieds by using Classifieds for Free. Radio, Cable and Broadcast TV - run the numbers.
A target market is defined as a group of people that you want to sell products or services to. "Married 2 kids" is an example. Also, service area should be determined. How far are you willing to travel? Now, internet marketing is another story...the whole planet is your service area. But, don't loose your focus on who and what your selling to.
Join a local chamber of commerce, and in the construction industry for example, a builder's association.
Save as much as you can while being employed by another shop. Also, the Small Business Administration has funding for minority owned businesses. Check out
the website: www.sba.gov for more info.
That's about it for now.
To your success!