Question:

Hi Nicole,

I'm looking at starting an online shop selling tobacco pipes and accessories. I recently purchased a questionnaire-driven business plan from MasterPlans.com. Some of the questions are pretty straightforward, others confuse me and I don't know where to start. Seeing as I'm still pre-funding (until I get the business plan done) funds are very limited so hiring a CPA at this point isn't practical. A lot of the business plan questions have to do with 3 and 5 year financial outlooks, projected revenue, customer demographics, etc. My main question is how do I go about doing the research to come up with these numbers? When responding to questions about growth objectives, how do I come up with realistic growth rates, in terms of sales? Also, the questionnaire asks about business loans and my expected short-term interest rate. Do I just look at small business loans for the amount that I'll be requesting and find the average interest rate? Thank you!
Answer:

Small Business Ideas

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