Every business starts with a plan, sometimes in the form of having a talk on the couch with a friend.Whether you are starting a new business or looking to grow your existing business, it is important to have a business plan.

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Though this type of business memo was designed specifically to analyze how well a business might be able to compete, the same basic principles can be applied to almost anything.The following are the four steps of creating an e-commerce business plan: Explore the market, develop a marketing strategy, create a financial model, and thinking through organizational issues.

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There is a lot at stake, and muddling through a business plan could be a bad start to an otherwise good idea.

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