Big knowledge

A lot of people ask the question: Why prepare a business plan? Your business plan is going to be useful in a number of ways. First and foremost, it will define and focus your objective using appropriate information and analysis. You can use it as a selling tool in dealing with important relationships including your lenders, investors and banks. Your business plan can uncover omissions and or weakness in your planning process. You can use the plan to solicit opinions and advice from people, including those in your intended field of business, who will freely give you invaluable advice. Too often, entrepreneurs forge ahead ("My way"!) without the benefit of input from experts who could save them a great deal of wear and tear. "My way" is a great song, but in practice can result in unnecessary hardships. Lets look at the definition of a business plan. business plan is the lifeline of the product or service that needs to be constantly updated thr

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