In the 1952 Olympics in Helsinki, a runner from Great Britain named Roger Banister didn’t win the gold medal he was favored to win. Even though he had set a new British record, his goal was to be in first place. Feeling like he had let down his family, friends and country, he was bent on restoring their faith in him.

Banister then made a decision. He was going to run the mile in under four minutes, something never before done. He spent the next two years training intensely, pushing himself harder than ever before. Finally, on May 6, 1954, Roger Bannister reached his goal and ran a mile in under four minutes, breaking through a barrier many experts thought impossible.

You’ve probably heard the old proverb, “he who fails to plan, plans to fail.” As seemingly simple as this concept is, it couldn’t be more accurate, especially when it comes to setting up and running a successful Authorized Dealership. If you want to sell a product or service on behalf of another company as an Authorized Dealer, it is critical to have a well-thought-out, written business plan.

In fact most, if not all, companies offering Authorized Dealership opportunities require a written business plan as a part of the approval process. To help you out, here are five fundamentals of writing a good business plan for an Authorized Dealership opportunity.

If you’re here, there’s a good chance that you’re interested in knowing how to become an Authorized Dealer. But, what in the world does that mean and why would you want to become one? Also, how do you know if you’re turning over the right stones to find a legitimate opportunity?

Well, keep reading. The answers to these questions will help you make an informed decision.