You are required to prepare, and submit a business plan. Use the business plan as a guide to start and develop your business. The business plan is a road map that will get you to where you need to go. There are some items you must do before working on the business plan. 1. Figure out if you are going to sell products or service to your customers 2. Figure out what type of product or service you will be selling 3. Figure out how your product and service will impact others life 4. Figure out what type of business entity you will start - Sole proprietorship, Partnership, S Corp, C Corp or LLC 5. Figure out the name of your business