It would be foolish to launch any new business without a business plan yet so many people do. Of course many of those people fall into the category of failing in the first year.
I have included a business plan template below and I strongly recommend you follow through with it.
You could also Google business plan templates and you will find there are dozens online. Choose one that works for you, but avoid skipping this step entirely.
It may take you some time to complete, but that is time extremely well spent. If you can’t answer all the questions, then perhaps ask yourself why not? You should be able to address most of the issues surrounding a potential new business. If you can’t answer a question, then either research the answer or move on. I would recommend you make every attempt to answer every question and for those that you absolutely cannot, highlight them and come back to them later.
One bonus outcome of a business plan could be that you realize you shouldn’t start up the business in the first place. And how much better would it be to find that out before you start, rather than after 6 months of lost time and funds.