Gidgette and Ken Moshier decided to draw on their love for traveling and tea, as well as their small business backgrounds, to open the English Garden Tea Room.
What's striking about the history of business plans is how little has changed. Sure, the medium we use has changed over the centuries, but the end result – having a written plan that demonstrates to the business owner and possible investors how to make a profit – has remained consistent.
This article aims to help entrepreneurs better understand the intent and importance of a business purpose.
In developing your business plan, you need to decide which structure your business should operate under for legal and tax purposes.