| New Business | 124 days | Mon 01.01.07 | Thu 21.06.07 | | |
| Phase 1 - Strategic Plan | 23 days | Mon 01.01.07 | Wed 31.01.07 | | |
| Self-Assessment | 3 days | Mon 01.01.07 | Wed 03.01.07 | | |
| Define business vision | 1 day | Mon 01.01.07 | Mon 01.01.07 | | Manager |
| Identify available skills, information and support | 1 day | Tue 02.01.07 | Tue 02.01.07 | 3 | Business advisor,Manager |
| Decide whether to proceed | 1 day | Wed 03.01.07 | Wed 03.01.07 | 4 | Manager |
| Define the Opportunity | 10 days | Thu 04.01.07 | Wed 17.01.07 | | |
| Research the market and competition | 1 day | Thu 04.01.07 | Thu 04.01.07 | 5 | Business advisor |
| Interview owners of similar businesses | 5 days | Fri 05.01.07 | Thu 11.01.07 | 7 | Owners |
| Identify needed resources | 2 days | Fri 12.01.07 | Mon 15.01.07 | 8 | Business advisor,Peers |
| Identify operating cost elements | 2 days | Tue 16.01.07 | Wed 17.01.07 | 9 | Accountant |
| Evaluate Business Approach | 4 days | Thu 18.01.07 | Tue 23.01.07 | | |
| Define new entity requirements | 1 day | Thu 18.01.07 | Thu 18.01.07 | 10 | Manager |
| Identify on-going business purchase opportunities | 1 day | Fri 19.01.07 | Fri 19.01.07 | 12 | Manager |
| Research franchise possibilities | 1 day | Mon 22.01.07 | Mon 22.01.07 | 13 | Manager |
| Summarize business approach | 1 day | Tue 23.01.07 | Tue 23.01.07 | 14 | Manager |
| Evaluate Potential Risks and Rewards | 7 days | Fri 19.01.07 | Mon 29.01.07 | | |
| Assess market size and stability | 2 days | Fri 19.01.07 | Mon 22.01.07 | 12 | Business advisor |
| Estimate the competition | 1 day | Tue 23.01.07 | Tue 23.01.07 | 17 | Business advisor |
| Assess needed resource availability | 2 days | Wed 24.01.07 | Thu 25.01.07 | 18 | Business advisor |
| Evaluate realistic initial market share | 1 day | Fri 26.01.07 | Fri 26.01.07 | 19 | Business advisor |
| Determine financial requirements | 2 days | Wed 24.01.07 | Thu 25.01.07 | 15 | Business advisor |
| Review personal suitability | 1 day | Fri 26.01.07 | Fri 26.01.07 | 21 | Manager |
| Evaluate initial profitability | 1 day | Mon 29.01.07 | Mon 29.01.07 | 22 | Manager |
| Review and modify the strategic plan | 2 days | Tue 30.01.07 | Wed 31.01.07 | 23 | |
| Confirm decision to proceed | 0 days | Wed 31.01.07 | Wed 31.01.07 | 24 | |
| Phase 2 - Define the Business Opportunity | 27 days | Thu 01.02.07 | Fri 09.03.07 | | |
| Define the Market | 13 days | Thu 01.02.07 | Mon 19.02.07 | | |
| Access available information | 1 day | Thu 01.02.07 | Thu 01.02.07 | 25 | Business advisor |
| Create market analysis plan | 2 days | Fri 02.02.07 | Mon 05.02.07 | 28 | Business advisor |
| Implement market analysis plan | 5 days | Tue 06.02.07 | Mon 12.02.07 | 29 | Business advisor |
| Identify competition | 2 days | Tue 13.02.07 | Wed 14.02.07 | 30 | Business advisor |
| Summarize the market | 2 days | Thu 15.02.07 | Fri 16.02.07 | 31 | Business advisor |
| Identify target market niche | 1 day | Mon 19.02.07 | Mon 19.02.07 | 32 | Business advisor |
| Identify Needed Materials and Supplies | 7 days | Tue 20.02.07 | Wed 28.02.07 | | |
| Select a business approach (from "Evaluate Business Approach" above) | 2 days | Tue 20.02.07 | Wed 21.02.07 | | Manager |
| Identify management staff resources | 1 day | Thu 22.02.07 | Thu 22.02.07 | 35 | Manager |
| Identify staffing requirements | 1 day | Fri 23.02.07 | Fri 23.02.07 | 36 | Manager |
| Identify needed raw materials | 1 day | Mon 26.02.07 | Mon 26.02.07 | 37 | Manager |
| Identify needed utilities | 1 day | Tue 27.02.07 | Tue 27.02.07 | 38 | Manager |
| Summarize operating expenses and financial projections | 1 day | Wed 28.02.07 | Wed 28.02.07 | 39 | Manager |
| Evaluate Potential Risks and Rewards | 6 days | Thu 01.03.07 | Thu 08.03.07 | | |
| Assess market size and stability | 2 days | Thu 01.03.07 | Fri 02.03.07 | 40 | Manager |
| Assess needed resources availability | 2 days | Mon 05.03.07 | Tue 06.03.07 | 42 | Manager |
| Forecast financial returns | 2 days | Wed 07.03.07 | Thu 08.03.07 | 43 | Accountant |
| Review and modify the business opportunity | 1 day | Fri 09.03.07 | Fri 09.03.07 | 44 | |
| Confirm decision to proceed | 0 days | Fri 09.03.07 | Fri 09.03.07 | 45 | Business advisor,Peers,Lawyer,Accountant |
| Phase 3 - Plan for Action | 21 days | Mon 12.03.07 | Mon 09.04.07 | | |
| Develop Detailed 5-Year Business Plan | 21 days | Mon 12.03.07 | Mon 09.04.07 | | |
| Describe the vision and opportunity | 1 day | Mon 12.03.07 | Mon 12.03.07 | 46 | Business advisor |
| List assumptions | 1 day | Tue 13.03.07 | Tue 13.03.07 | 49 | Business advisor |
| Describe the market | 1 day | Wed 14.03.07 | Wed 14.03.07 | 50 | Business advisor |
| Describe the new business | 1 day | Thu 15.03.07 | Thu 15.03.07 | 51 | Business advisor |
| Describe strengths, weaknesses, assets and threats | 1 day | Fri 16.03.07 | Fri 16.03.07 | 52 | Business advisor |
| Estimate sales volume during startup period | 1 day | Mon 19.03.07 | Mon 19.03.07 | 53 | Business advisor,Accountant |
| Forecast operating costs | 1 day | Tue 20.03.07 | Tue 20.03.07 | 54 | Business advisor,Accountant |
| Establish pricing strategy | 1 day | Wed 21.03.07 | Wed 21.03.07 | 55 | Business advisor |
| Forecast revenue | 1 day | Thu 22.03.07 | Thu 22.03.07 | 56 | Business advisor |
| Summarize pro-forma financial statement | 2 days | Fri 23.03.07 | Mon 26.03.07 | 57 | Business advisor |
| Develop break-even analysis | 1 day | Tue 27.03.07 | Tue 27.03.07 | 58 | Business advisor |
| Develop cash-flow projection | 1 day | Wed 28.03.07 | Wed 28.03.07 | 59 | Business advisor |
| Identify licensing and permitting requirements | 1 day | Thu 29.03.07 | Thu 29.03.07 | 60 | Business advisor |
| Develop startup plan | 2 days | Fri 30.03.07 | Mon 02.04.07 | 61 | Business advisor |
| Develop sales and marketing strategy | 1 day | Tue 03.04.07 | Tue 03.04.07 | 62 | Business advisor |
| Develop distribution structure | 1 day | Wed 04.04.07 | Wed 04.04.07 | 63 | Business advisor |
| Describe risks and opportunities | 2 days | Thu 05.04.07 | Fri 06.04.07 | 64 | Business advisor |
| Publish the business plan | 1 day | Mon 09.04.07 | Mon 09.04.07 | 65 | Business advisor |
| Confirm decision to proceed | 0 days | Mon 09.04.07 | Mon 09.04.07 | 66 | Business advisor |
| Phase 4 - Proceed With Startup Plan | 53 days | Tue 10.04.07 | Thu 21.06.07 | | |
| Choose a location | 1 day | Tue 10.04.07 | Tue 10.04.07 | 67 | |
| Establish Business Structure | 24 days | Wed 11.04.07 | Mon 14.05.07 | | |
| Choose a Name | 2 days | Wed 11.04.07 | Thu 12.04.07 | | |
| Identify implications | 1 day | Wed 11.04.07 | Wed 11.04.07 | 69 | Lawyer |
| Research name availability | 1 day | Thu 12.04.07 | Thu 12.04.07 | 72 | Lawyer |
| Choose a Bank | 5 days | Fri 13.04.07 | Thu 19.04.07 | | |
| Establish accounts | 4 days | Fri 13.04.07 | Wed 18.04.07 | 73 | Banker |
| Establish line of credit | 1 day | Thu 19.04.07 | Thu 19.04.07 | 75 | Banker |
| Choose legal representation | 1 day | Fri 20.04.07 | Fri 20.04.07 | | Lawyer |
| Select business tax-basis category | 2 days | Mon 23.04.07 | Tue 24.04.07 | 77 | Lawyer,Accountant |
| Choose capital funding source | 2 days | Wed 25.04.07 | Thu 26.04.07 | 78 | Manager |
| Commit capital funding | 0 days | Thu 26.04.07 | Thu 26.04.07 | 79 | Manager |
| Establish the Operating Control Base | 12 days | Fri 27.04.07 | Mon 14.05.07 | | |
| Choose and set up the accounting system | 2 days | Fri 27.04.07 | Mon 30.04.07 | 79,80 | Accountant |
| Obtain required licenses and permits | 4 days | Tue 01.05.07 | Fri 04.05.07 | 82 | Lawyer,Government agency |
| Obtain needed insurance | 4 days | Mon 07.05.07 | Thu 10.05.07 | 83 | Accountant |
| Establish security plan | 2 days | Fri 11.05.07 | Mon 14.05.07 | 84 | Business advisor,Lawyer |
| Develop Marketing Program | 4 days | Thu 12.04.07 | Tue 17.04.07 | | |
| Establish an advertising program | 2 days | Thu 12.04.07 | Fri 13.04.07 | | Business advisor |
| Develop a logo | 1 day | Mon 16.04.07 | Mon 16.04.07 | 87 | Business advisor,Lawyer |
| Order promotional materials | 1 day | Tue 17.04.07 | Tue 17.04.07 | 88 | Business advisor |
| Provide Physical Facilities | 15 days | Tue 15.05.07 | Mon 04.06.07 | | |
| Secure operation space | 5 days | Tue 15.05.07 | Mon 21.05.07 | 85,89 | Lawyer |
| Select computer network hardware | 1 day | Tue 22.05.07 | Tue 22.05.07 | 91 | Information services |
| Select computer software | 1 day | Wed 23.05.07 | Wed 23.05.07 | 92 | Information services |
| Establish utilities | 3 days | Thu 24.05.07 | Mon 28.05.07 | 93 | Manager |
| Provide furniture and equipment | 4 days | Tue 29.05.07 | Fri 01.06.07 | 94 | Manager |
| Move in | 1 day | Mon 04.06.07 | Mon 04.06.07 | 95 | Manager |
| Provide Staffing | 40 days | Fri 27.04.07 | Thu 21.06.07 | | |
| Interview and test candidates | 14 days | Fri 27.04.07 | Wed 16.05.07 | 79 | Manager |
| Hire staff | 10 days | Thu 17.05.07 | Wed 30.05.07 | 98 | Manager |
| Train staff | 16 days | Thu 31.05.07 | Thu 21.06.07 | 99 | Manager |
| Start up the business | 0 days | Thu 21.06.07 | Thu 21.06.07 | 96,100 | Manager |