Write a business plan

Include details and descriptions, and plan everything out realistically. Take your time and evaluate your product at each section. The sections of a good business plan include:

• Product description: develop your product. What will it look like? What materials will you need? Make your product eye-catching.
• Market Analysis: Who is your market? Where do they shop? Where are they located?
• Competition: Who is your competition? What are their strengths? How will you beat them?
• Marketing: How will you market your product? What kind of image do you want to display? Where will you advertise? What is your tagline? What is your packaging like?
• Sales: Where will you sell? How will you get your customers to buy? When will you sell? What is your estimated sales forecast?
• Manufacturing: How do you make your product? Explain this in detailed steps. What materials do you need to make your product? When and where will you manufacture? What is your COGS (cost of goods sold)?
• Finance: how much money do you need to start your business? What is your gross profit?