An excellent question to ask yourself is: "What business am I in?Makes you think through the entire business process so that you do not open the business blindly or lack vital information in opening and maintaining your business. Will give you a "go" or "no go" answer about starting the business.Here are several guides related to building and creating various business plans: Developing a Business Plan Sample Business Plan Planning a Service Business Planning a Home Business Planning a Retail Business Planning a Construction Business Planning a Manufacturing Company Checklist for Starting a Business: Essential Ingredients for Success If you are thinking about going into business, it is imperative that you watch this video first!Consider these questions when addressing this section of your business plan: It may be a good idea to make a checklist of questions you identify when developing your business plan.Categorize your questions and, as you answer each question, remove it from your list.It allows you to make detours, change directions, and alter the pace that you set in starting or running the business. Whether one is starting up a small business or is an entrepreneur, banks and financial institutions want to see that you know where you are, where you are going, and how you are going to get there.The plan will tell you how much money you need, when you will need it, and how you are going to get it. Helps you to clearly think through what type of business you are starting, and allows you to consider every aspect of that business.Use this model as a guide when developing the business plan for your business. The body of the business plan can be divided into four distinct sections: 1) the description of the business, 2) the marketing plan, 3) the financial management plan and 4) the management plan.Addenda to the business plan should include the executive summary, supporting documents and financial projections.And, it certainly is a good strategy for beating the competition or retaining your competitiveness. The Location The location of your business can play a decisive role in its success or failure.Your location should be built around your customers, it should be accessible and it should provide a sense of security.