Separate from a Business Plan is the Business Model. It contains important information including its registered name, address of any physical locations, names of key people in the business, history of the company, nature of the business and more details about products or services that it offers or will offer.

Hiring your spouse or employee is a formal hiring process that should include the completion of a standard Employment Application , W-4 form , and an I-9 form Core Documents will provide you with a work agreement that outlines the duties and responsibilities of the employee, plus the total compensation package.

2In a comparison of health plans across the United States, the national consulting firm Aon Hewitt reported for the eighth year in a row that we’re the most cost-efficient plan in the markets we serve — 12 percent more cost-effective than the average HMO and 17 percent more cost-effective than the all-plan average.

However, there are times when a business idea doesn’t prove to be profitable enough to base a business on, or you’ve lived your dream and are ready to move on. In order to limit your exposure to excessive debt, it’s a good idea to have an exit strategy when you start the business.

Non-profit, as well as government agency business plans tend to focus on the “organizational mission” which is the basis for their governmental status or their non-profit, tax-exempt status, respectively—although non-profits may also focus on optimizing revenue.