Further explain how you will produce the product/service, the time line of the product/service, and your pricing strategy. Define the customer demand and identify your market.

Product/Service Description - In detail describe your product or service.

Detail you and your management team's skills, education and experience, and explain the advantages your business will have over the competition.

The Company and its Management - This is a detailed description of the business, include the legal structure, history, vision and strategy.

The Summary should also briefly describe your business concept, projected sales and growth, and your target customers. It is your main public relations piece and should highlight the most impressive aspects of your plan. This is the page will be your lender's first impression of you and your business. Typically written after the rest of plan has been completed.

An Executive Summary - A brief overview of what your plan.

Most business plans have five components: Your plan must prove that 1) You know everything about the business you are starting, 2) You know how much money you need, 3) You know what you need the money for, 4) You know how to make your product, 5) You know who your customers are, 6) You know who your competition is, 7) You know how to price your product, 8) You know how to market your product, 9) You know how to collect, and 10) You can pay your bills. Banks, investors, government programs all require a written concise plan on how you will spend THEIR money (remember it is their money until you pay it back.)Ī business plan is meant to instill confidence in the lender that you know how to run your business and you know how to make money. Most business plans are created to leverage financing. This document will define the success, direction, and profitability of your business. Step Eight: Hire your Workforce Step One: Business Plan Step Seven: Obtain Appropriate Building Permits Step Five: Obtain your EIN (Employers Tax Number) Step Four: Register your Business Name, etc. This page will guide you through the eight steps on the path to starting a business in Geauga County. The business start up journey is best taken one step at a time. We are glad that you are considering Geauga County as a home for your business. The County does not endorse any program or entity referred to herein.

Exceptions will exist in the process described.

The following is intended as a guide only, it is not meant as a substitute for regulations and requirements in federal, state, and county codes.

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