Timeline should include, but is not limited to,
- legal procedures (filing papers of incorporation, partnership)
- location of office or manufacturing space
- expectations for research and development
- product development
- necessary licenses and permits
- purchase or lease of equipment
- hiring of personnel
- purchase of materials
- start date for marketing activities
- opening date for business.
Process/Skill Questions:
- What is a contingency plan?
- Why is a timeline an important tool for businesses?
- What government agencies provide resources for product development and for starting a business?