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A business plan does not have to be a large 20-page document with tabs and appendices. Your business plan could be a few objectives jotted down somewhere, now this will not be enough to take into investors office but it is a starting point.
You know what your business objectives are. They’re in your head, so why bother writing a business plan? Here are a few reasons why you should put together a business plan even if you’re already established:
As a minimum your business plan should include:
Your business plan should be updated as and when needed. You should be reviewing and updating your plan regularly. Its main purpose is to give your business purpose. The business environment is not static, so your business plan shouldn’t be either.
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