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It is a good idea if you think about the answers to these key questions:
  1. Product: What is your Product or Service?

  2. Customer: Who are you going to sell it to, and why will they buy?

  3. Competition: Who is your Competition and how do you compare to them?

  4. Income: When and how do you get paid, and how much profit do you make after expenses?

  5. Location: Where are you going to locate your business, and why?

  6. Finances: How are you financing your business and is it enough to cover expenses?

These are some of the key questions one must answer in any good business plan.