No matter what your reason for wanting to start your own business, developing the foundation is the same. Laying a solid foundation for your business will provide you with a road map to follow as you build your business. You will define the company’s mission, decide what business entity is right for your business, name your business, determine the pricing for your products or services, formulate your financial projections, define your competitors, survey consumers regarding your products or services, determine the marketing methods right for your business, and more.

Jeanne A. Estes, author of Start a Business Step-by-Step Workbook