hi,
i think that the earlier you apply the better considering u are not something extraordinary.This way it is possible that some bschools will also grant you a scholarship and maybe pay less.

1.I would start as soon as possible given that u are ready mentally and have a positive attitude towards the test.

2.I think that it should not be your primary goal...sure everybody wants it,loads of it, me too,but i personally think that when u go for it it never comes...instead focus on the experience u will get and that an MBA is something u will like..I think if you are worthy money will come anyway with or without MBA...ok maybe with an MBA just a bit easier....

3.I think that 2 months are sufficient so long as u prepare well enough.Although some say that they have given it in less than a month.

4.i dont think it will be a problem.Of course u will have to show them that u really did sth, and i think that if u have it will show....oh,u can get a reference from a supplier or costumer or sth....

Best luck!!

thanx a lot mimis for ur kind reply and wishes...

I was planning to appear for GMAT in september'09 as i am having some pending works in my business to complete.. Will that be timely for me to apply for 1-yr full time MBA programs that begin in early 2010??

thanx,
varun