Interestingly enough creating a business plan is not always at the top of a new business owners to-do list. It can be quite daunting to think about composing one especially when all you really want to do is get started!

That said…I suggest a happy medium which is that you create an Action Plan or a Tactical Business Plan. This is typically a 2-3 page document outlining what you want to do and writing out the steps of how you will do it. Getting everything on paper helps you sort out your thoughts and make sure no stone goes unturnned.

You should also brainstorm and research all your expected expenses for both start up and continuing operations. Merging these numbers with what you actually have in your budget to spend will help you level set your expectations and get your business off to a healthy start.