Consider the following scenario: You recently inherited $50,000 and you would like to use this money to help start a small business. However, you will need additional funding.
Create a business plan to convince the bank or other investors that you have a viable business plan.
Give an overview of your business.
List and describe your management team, describe the legal structure, and decide on a location.
Develop a marketing plan and determine your pricing strategies
Do a SWOT analysis
Determine your suppliers
Prepare an estimate of your start-up costs.
Forecast of your expected sales/revenues as well as your expenses.
Prepare the financial statements.
Complete the executive summary