Regardless of which option you choose, it's vital to understand the reasoning behind your idea.
It helps to write this last; a page or two of highlights is sufficient.
Be sure to clarify whether this is a new business venture, an expansion of an existing business or the purchase of a new business.
Tasks like naming the business and creating a logo are obvious, but what about the less-heralded, equally important steps? A guide to conducting market research can be found on our sister site,
Whether it's determining your business structure or crafting a detailed marketing strategy, the workload can quickly pile up. It's also a good idea to consider an exit strategy as you compile your business plan.