Finance

What is required to build a concrete business plan?

I have a background in semiconductor wireless technology. I am in the process of putting together a business plan but still don't have a concrete idea. I don't have any customers lined up right now, but I am working on my vague idea to create something concrete. How much of an effort is required in coming up with a business plan that can be translated into success? How much marketing research does a person have to undergo in order to make their business plan?
Opinions expressed by Entrepreneur contributors are their own.

If you visit www.sba.gov you can see information regarding the aspects a business plan should include. You can also visit with your local SCORE or Small Business Development Center can also help you through the steps of putting together your business plan. A business plan will be your map for success. Some of the main parts will include outlining your products/services/management team/financial projections/marketing plan/etc.

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Is Your Business Prepared for a Rising Minimum Wage?