Initial training will touch on all aspects of starting a small business, being an entrepreneur, and refining a business concept through market research on similar industries and companies to understand the opportunity. Developing a business plan in Phase-1 outlines the business’s objective and lays out the plan of action to be successful. The plan developed in Phase-1 will be added throughout all phases to form the template for final business plan development with their Mentor. Block 1 covers steps to register the business and decide what type of entity the company should be registered with federal, state, and local entities. Where you locate your business depends partly on the location of your target market, business partners, and your personal preferences. In addition, you should consider the costs, benefits, and restrictions of different government agencies.