An overview of your business idea. This can be in the form of a standard business plan but must include: A brief summary of your business concept, including its location, structure and legal status (i.e limited company, partnership, etc). Business objectives, after one and five years. Define any unique selling points. Define your target customers and the market. Describe premises and equipment needed – both that already obtained and that which you need to obtain, with prices. Name suppliers. Give your start-up costs for equipment, stock and capital items. What regulations apply to this business and its marketing, and how will you ensure compliance with these? Explain how you will demonstrate safe practice, and deal with the ethical issues relating to your business. Describe your pricing structure. Give a sales forecast for the first year, stating the assumptions on which this is based. Give an expenses forecast for the first year, separating direct costs from overheads. Estimate your break-even point.