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At a Glance
If a person is considering submitting a PASS with
a work goal of self-employment, it must include a detailed business
plan.
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If a person is considering
submitting a PASS with a work goal of self-employment, it must include a detailed
business plan. The plan may require securing concurrence by more knowledgeable
third parties as to the feasibility of the business in terms of the person's
ability to conduct the business and ability of the business to be successful.
Some possible third party reviewers may include:
- individuals physician
- vocational counselors
- small business administration
- local departments of employment and training
- local chambers of commerce
- local banks
- appropriate staff at local colleges.
The business plan must include the following components (not an exhaustive
list):
- Business name, address, owner
- Business form
- Description of the principal activity of the business, including a description
of the product and/or service to be provided
- Explanation of specific objectives of the business along with timetables
for establishing the business and attaining the stated objectives
- Explanation as to why business should succeed and unique features
- A description of target market and audience demographics
- A description of the mechanism for pricing the product/services
- A description of the financial plan
- Advertising plan
- A list of personnel and their roles/qualifications
For more information on writing business plans please consult the New
York State Department of Labors Guide to Starting a Business.
       
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