As far as the business plan goes I think you will find many benefits by preparing one, however it does not need to spell out every little thing (as you will change the plan as your grow and learn).

Sorry about bad spelling Bryan

Some of the BP Podcasts have spelled out the process quite thoroughly so that's a great place to start.

Seeing a real world example spelled out like that was really eye opening and answered a lot of my questions.

They should have a current and future land use map that spells out exactly what your land can be used for in the future.A developer isn't going to sit on land for 5 years and have capital tied up.

This means you have to produce a prospectus and subscription documents with all the terms and conditions spelled out.

As it turns out, and probably for longer than our recent wet spell, water has been funneling out of a roof valley and into a spot by the back step where it has rotted out a portion of the plate and the sill.

Oddly enough, I think I was so distracted by the typo spelling of Wayne that I missed the other crucial facts hidden right in front of me.

Could spell trouble!

@kevin I feel the time we spend on it is very minimal compared to the other subjects they learn in school, like math, spelling etc. teaching financial concepts seems to have fallen into the hands of us parents, so it's more about education than money.