It can be in your head (many successful businesses were started with a non-written business plan), but I prefer it on paper. There are many resources on the Internet for writing a business plan. I like the ones at the Small Business Administration's website, sbs.gov (a great source for funding as well, which we'll talk about in Step Three).
Although your goal is to focus all your energy on your own business, it's not unusual for entrepreneurs to hold down a traditional job while their companies grow.
Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.
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