Task: I am exploring the option of starting my own business. In addition to creating a business plan (which I am not quite sure how to do), I am reviewing factors and costs. What should be the 10 most important factors and costs and further, name 3 implicit and 3 explicit costs to consider. I have what I believe to be good options but I am curious to get another opinion.
Also, how will the above stated values be measured and how can you apply good economic reasoning in determining whether or not to start this business.