QUESTION.
I am a senior in college and a friend and I plan on creating an online business. We think we have a good idea of what we want to do , and it seems to be a very good idea with profits mainly coming from advertisements. But as of now it is only a idea. Do you have any start up advice or steps we should take to put our idea into action?
ANSWER.
It's very simple: document your idea in the form of a 25-35 page sound business plan. See
PICK A BUSINESS, CREATE A BUSINESS PLAN, AND START IT SOON
HOW TO WRTIE A BUSINESS PLAN.
Consider finding a local library that owns the Business Plans Handbook series. See BUSINESS PLANS HANDBOOK BY THOMSON-GALE.
Read as many of those volumes in order to help you put together a stellar business plan for your idea.
I hope my comments are helpful. Feel free to send me follow-on questions via email. Good luck! Regards, -Jeff
Jeff Lippincott
SCORE.org Counselor
Princeton, NJ
scoreprinceton @ aol.com
www.scoreprinceton.org
www.jlippin.com
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