The first place to start a business is with a business plan, a business plan should cover every aspect of the business. It should state the purpose for which a business is set up and how it intends to achieve its goals and objectives.
A business plan should serve as a planning and controlling document for both new and existing businesses alike. A good business should be researched by management and should state all the human and material resources of an organisation with to the financials stating if the business is going to be profitable together with plans and strategies for success.
A business plan can be used for internal purposes by management or for external uses where funds are being sought from banks or other financial institutions