4) Evaluate your business plan

To get started on your business plan, list out all of your big-picture financial goals: You should have at least three—how much money you want to make, how much money you want to spend, and how much money you need to start your business. Then write down a few milestones that will help you achieve each goal. 

For example, if one of your goals is to earn $100,000 a year by year five, you might set up a milestone for $50,000 in year two and another for $60,000 in year four. These milestones are important because they’ll give you concrete things to work toward, which can help keep you motivated as you go through some tough times (which we’re sure there will be). 


Finally, think about what kind of resources it would take to reach these goals. Are there certain skills or tools that would be helpful? Is it time for investment? Brainstorming these questions now can save you from some serious heartache later on.

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