Once you have your product focused, you need to come up with a name for the company, your business partners, and a mission statement explaining what your product will do for the consumer. Next comes a location and a business plan. A business plan is an overview of your business, its goals, and how you will achieve them. The business plan is one of the most important parts of starting your business. If you don't have the funds to start your business on your own, that's where investors come in. Without a solid business plan, no investor will want to waste their time with you. Give the investor a reason to join the team, support your information with credible facts and statistics. Depending on your product or service, you can choose from different companies. Before you start your business, talk to a lawyer and decide what type of structure your business will be.