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Building a Business Plan: A Step-by-Step Guide

  • A business plan is the road map to your business, keeping you on course for your goals and informed of challenges.
  • The process of creating a business plan involves defining your business, conducting market research, developing marketing and sales strategies, creating a financial plan, outlining the structure of operations and management, and continually reviewing and revising the plan.
  • A business plan serves as a living document that needs to be continuously reviewed and updated.
  • Following these simple steps can help you have a well-rounded business plan to successfully launch and grow your business.

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