Project: Starting a Business You want to start an independent business, selling gidgits on the Internet, from your bedroom.

Identify the following aspects of your business identity and business procedure. Write them down as a record of your initial business plan:

Create a business name as your D/B/A.
Chart out general steps you will take to begin your sales plan. Use the questions below to help you frame them:
Will you use other people's assistance or guidance?
Who will your business help? Either give specific names of people or functions they will perform.
What guidelines will you give them so they have very clear instructions to follow?
Start to think about what you want the end result to be (what your business will look like) and how to get there in a realistic and cost-effective way.
Write down, in outline form, a one-page business plan that illustrates how you will create your business, from beginning to end.
Assignment Guidelines:
Your response must fulfill the following requirements:

Show that you understand that your business will be a sole proprietorship.
Include basic knowledge about agency law and your understanding as a principal in an agency relationship.
Establish a general knowledge of business plans and procedures that must be followed step by step.