Article Business from Scratch (By:- Mr. Azfar A Khan) Most of us sometimes feel that we should have a business of our own and be our own boss but we are shy to jump in the business arena due to some unknown fear. Selling online these days has become a roaring business. It’s a multi-billion industry and is quite cheap as compared to an actual bricks and mortar store. The business plan comes handy while applying for loan as well. It tells the investor as to how the loan would be repaid. A standard business plan may comprise about 35 to 40 pages. It should make use of bullets and steps for explaining various aspects of the plan. The language should be simple and easy to understand. It shouldn’t give a gloomy outlook; rather it should evince enthusiasm and compel the investors to invest their money in this new venture. An entrepreneur should have a fair idea through estimates as to how much money would be needed to start his business.  He should be very clear as to which sources he intends to tap to arrange finances. The best choice would be if an entrepreneur invests his own money in the business. It would give a lot of confidence to the lending agencies implying that he himself was ready to take risk for his money, if any. The best part would be that in this case nobody would be sharing his equity. The next preference goes to his family members and friends who could chip in according to their capacity.

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