... preparation, one after the other, alternative approaches come to light andare evaluated and pitfalls are identified. With its clear analysis of the situation, the business plan becomes an invaluable ... systematically, in a logical order. A detailed outline should be made as soon as the first ideas are laid down. It is smart to do your planning along the lines of a business plan, or according to ... Here again, having an idea that can be protected by law (patented,trademarked) is an advantage.• A careful weighing of the risks and opportunities. Investors hate surprises,especially negative...