The Business Plan
Read this section to see why business plans are essential and what sections should be included.
- Discuss the importance of planning for your business, and identify the key sections of a business plan.
If you want to start a business, you must prepare a business plan. This essential document should tell the story of your business concept, provide an overview of the industry in which you will operate, describe the goods or services you will provide, identify your customers and proposed marketing activities, explain the qualifications of your management team, and state your projected income and borrowing needs.
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