You now know what type of business you’re starting. Now you need to answer some questions:
Who are your business’ top competitors?
What will your business offer that theirs doesn’t or can’t? A better product? A better price?
Is your business’ product desired in your local market?
Will you need a storefront? Can your business exist purely online? From your home office?
How much capital will you need to start making sales?
Will you need an advertising budget to get started?
How soon can you start bringing in revenue?
The answers to these questions will provide you with what many call a “business plan.” The thing about business plans, though, is if you think about them too much, you’ll waste time you’d otherwise be spending actually working on your business and making sales. Once you have solid answers to the questions above, move on. Your time will be better spent elsewhere.