To begin, what type of entrepreneurial opportunities are you most interested?
Would you like to create a start-up, buy an existing business, or perhaps a franchise?
Will you have a business partner?
Are you interested in selling a good or providing a service?
What type of legal form will your business take and why?
Next, take a self-assessment.
What are your strong points? What are your limitations?
Evaluate your strong points and limitations to the business opportunities you have written down.
Create a list showing which of the business ideas play to your strengths and which ones highlight your weaknesses.
Evaluate your options of possible businesses to start. Conduct research on entrepreneurial opportunities that you feel you would be most appropriate for.
Finally, what is your company's name, a short company description, and a possible slogan or tagline?
What is your vision and mission for the business? Provide a mission and vision statement.