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Launching Your Yahoo! Business by Linh Tang, Frank Fiore

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Chapter 5. Important Elements of a Business Plan

What You’ll Learn in This Chapter

• Learn how to answer the essential questions of a business plan

• Learn about business plan elements

• Learn how to finance your business venture

In the previous chapter, we discussed the need to plan your business before you even consider what type of Yahoo! store you want to establish. And the best way to plan your business is to create a business plan. Now, if you are starting a Yahoo! store as a hobby or to prove out a business idea, you probably don’t need to put together a detailed business plan, but you should at least document the minimum elements necessary to make your business endeavor a success. Who knows, there are more than enough examples of a ...

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