Business plan for small founders

In short: A business plan describes idea, customers, competition, prices and figures. For a small business two to four pages are enough. For the application to the family court it is very helpful.

In more detail: The court wants to see that the minor has thought the project through and takes no unreasonable risk. A short plan with a cost estimate and time requirement convinces more than long texts.

In detail

• Idea: what is offered, to whom, why you?
• Market: customers, competition, prices.
• Marketing: how will customers find you?
• Financial plan: start-up costs, running costs, expected income for 12 months.
• Risks: what can go wrong and how do you limit the damage?
• Schedule: how many hours a week alongside school or training?
• Parents: record their role and support.

See also: Application to the family court: structure and content, Pricing: hourly rate and margin