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1. Write a short business plan. The plan should clearly set out
- the business model for a product or service. Set out the supply and distribution chain for the business and identify which part of the chain your business operates in, where it makes its money, whether retail or wholesale, manufacturer and/or distributor, etc.
- the market and customers
- a range of suppliers for inventory, capital goods, premises, transport etc as appropriate.
- the number of employees and their functions including authority levels of management.
- financing from an external source.
-  Any legal regulatory controls on the Business (this does not need to be exhaustive)
- who owns the business. You MUST have at least 3 people.
2. Set out the commercial objectives of the parties. These should be prioritized. What is important to you?  You may add to this list.
•    Return on investment
•    Profit
•    Risk
•    Control
•    Growth
•    Duration of the business

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