- Company and Industry Give full background information on origins and structure of your venture and characteristics of its industry

- Products or Services Give a complete but concise description of your product or service, focusing on its unique attributes. Explain how customers will benefit from using your product or service, instead of those of your competitors.

- Market and Competition Provide data that will persuade investor that you understand your target market and can achieve your sales goals. Be sure to identify strengths and weaknesses of your competitors.

- Management Summarize background and qualifications of principle, directors, and key management personnel in your company. Include resumes in appendix.

- Marketing Strategy Provide projections of sales and marketing share and outline a strategy for identifying and contacting customers, setting prices, providing customer services, advertising, and so forth. Whenever possible, include evidence of customer acceptance, such as advance product orders.

- Design and Development Plans If your product requires design or development, describe nature and extent of what needs to be done, including costs and possible problems.

- Operations Plan Provide information on facilities, equipment and labor needed.

- Overall Schedule Forecast development of company in terms of completion dates for major aspects of business plan.

- Critical Risks and Problems Identify all negative factors and discuss them honestly.

- Financial Projections and Requirements Include a detailed budget of start-up and operating costs, as well as projections for income, expenses, and cash flow for first 3 years of business. Identify company’s financial needs and potential sources.

- Exit Strategy Explain how investors will be able to cash out or sell their investment, such as through a public stock offering, sale of company, or a buyback of investor’s interest. When covering these points, keep in mind that your audience wants short, concise information – not lengthy volumes – and realistic projections for growth.

For more information on starting a business and writing up a business plan, check out Small Business Administration Website at http://sba.gov

Keep in mind that sometimes greatest service a business plan can provide an entrepreneur is realization that concept just won’t work. Discovering this on paper can save you tons of time and money.

It doesn't happen with an opportunity that promises quick money. A good business may not be profitable within first 10 days, or perhaps first month or even more. But when it pulls $700 a month, it continues to pull that amount and if you operate it successfully, it will only grow.

People are spending countless money on businesses that sell you dreams and on get-rich-quick schemes. These can be okay for today and tomorrow, but not for next month and thereafter. Anybody intends to make a living online must start their own business at some point in time. Quicker, better. It takes some experience to operate a decently profitable business online. Earlier you start your online business, quicker you are going to get its rewards.