Susan Said:

What's the next step for starting your own business after writing a business plan?

We Answered:

go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor to review your business plan and discuss various loan options available to you.

SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA).

SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.

Bryan Said:

I want to look into creating a tobacco business making cigarettes, whats the first few steps?

We Answered:

hopefully you are already a Business major in college...haven't you already researched this? Do you have contacts with farmers already? Study the tobacco coalition..why not try to get a job first with a tobacco company?

Billy Said:

What are the basics of writing a business propsal?

We Answered:

this won't tell you how to be successful but go to www.irs.gov and get the Publication 34

Jimmy Said:

If I have a new idea about a new business, what is my first step need to do? Writing a business model?

We Answered:

Yes you need to develop a business model this is very important so that you know where you are going and if your proposed business will be viable. Many businesses go broke in the first couple of years often due to lack of research and planning. In summary this is what you need to do.

- FIRST you need to research the market to see if there is a demand or need for your product or service. This is vital if you want to succeed if no on wants your product or service then you are wasting your time and money. DONT JUST LISTEN TO YOUR FRIENDS.

- Work out what your set up costs will be.

- Work out how much it will cost you per unit to produce the product or provide the service (wages, materials etc). This is known as 'break even point'. There are often hidden costs envolved here so thorough research is necessary this is another area that can bring your business down.

- Work out what the markup on your product or service needs to be, you want to make a profit.

- Don't forget to consider expenses such as, advertising, phone, electricity, vehicle & site leases, vehicle running costs, wages and associated costs, insurances, bank fees, taxes etc etc etc. Whatever is relevant to your business and country, when working out your markup.

- When you have worked out how much you need to sell your product or service for ask the question 'Realistically, will people pay that much?' If not, take another look at the whole thing.

If from this you decide that your business is viable then you can keep going with your business model.

It sounds like a lot of work but it will save you a lot of stress and grief in the long run. I'm from Australia, we have advisory services for small business designed to help, I don't know where you are from but I'm sure you can find similar help.

Oh yes, very important GET A GOOD ACCOUNTANT AND TAKE THEIR ADVICE.

Good luck!

Joanne Said:

What are the steps involved in writing a business plan?

We Answered:

There is a pretty basic template for most business plans, with some differences based on what type of business you are starting. Also there are a ton of software programs that makes the process a lot easier. They also have free templates for a variety of industries. Check out: http://www.nomorecubes.com/business-plan…

I wish you the best!

Sam Said:

Name any four steps in the writing process?

We Answered:

I think what your are looking for is research or preparation, writing, editing and rewriting. I hope this helps.