Develop a business plan.

Developing a business plan should include

determining the type of ownership structure that will be used
- sole proprietorships
- cooperatives
- partnerships
- corporations
establishing specific, measurable, achievable, relevant, time bound (SMART) goals and objectives
conducting needs assessments
making cash flow projections
conducting opportunity analyses
completing risk assessments.

Why should one complete a risk assessment as part of developing a business plan?
Why are SMART goals and objectives an essential planning tool for developing a business plan?
What is a needs assessment?