How Do I Build a Business Plan? (Infographic)medium.com /@KnutNylaende/how-do-i-build-a-business-plan-infographic-fb627a1c4a2f

You have a powerful idea for the next big thing, but before you sell it to anyone, you have to get it all downon paper. It’s time to make a business plan.

How do you know if you’re headed in the right direction? Washington State University created aninfographic that provides 10 guidelines to help prospective entrepreneurs organize their thoughts and wowpotential investors.

Related: When Planning for the Future, Keep Your Past in Perspective

The infographic details some major questions that aspiring CEOS need to ask themselves like, whatproblem is my business going to solve, what’s my company’s mission, and what do we do better thananyone else in the market?

But you aren’t quite done yet. A thorough business plan includes who your target demographic is, theconditions of the market you’re entering into and accounts for worst-case scenarios. And of course, there’sthe money: how much you need to get going, and where it’s going to come from once your business is upand running.

Related: A Business Plan for the Startup Economy

For more information, like how much funding you’ll need before applying for a small business loan (that’s30 percent), check out the infographic below.

Related: Business lessons from the world of intelligence

Click to Enlarge+

Originally published at www.entrepreneur.com.