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Writing a business plan (1)
Many potential start-up businesses are
daunted by the prospect of compiling a business plan. But it is not an
intimidating process – and a good business plan focuses the mind as well
as helping to secure finance and support.
The
business plan will clarify your main business idea and define your long-term
objectives. It provides a blueprint for running the business and a series
of benchmarks to check your progress against. It is also vital for convincing
your bank – and possibly key customers and suppliers – to support you.
This
briefing explains:
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