Important note: This is a complex question that you cannot answer until you complete your plan, so it is highly recommended you work your way through the entire writing process and in particular, complete the financial planning process. Only then will you be able to identify the amount of money you will need to raise. Add your favorite articles, videos, podcasts, and more to your Queue so you can enjoy them anytime on any device. Take control of what content you see. From inspiration on starting a business to learning more about how to find solutions - make our site yours and never miss a beat. Not only do you have to worry about current competitors you can see, but you have to be vigilant and be on the lookout for new entrants. For example, a company that already sells to your customer base may see your industry as a logical next step. What would happen if you lost access to the technology? Think about alternatives that you could utilize. You can visit our small business encyclopedia to learn more about business plans or our FormNet area to get the necessary forms to get started.