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Business strategy
Benefits of having a business plan
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[QUOTE="Ekta, post: 298837, member: 89448"] A business plan is an essential tool for any business, large or small. An effectively crafted business plan can help a business to succeed in a number of ways. Here are some of the key benefits of a business plan: 1. It helps to clarify business objectives: A business plan encourages entrepreneurs to articulate and clarify their goals for their business. This can help to create a roadmap for success. 2. It provides a source of reference: A business plan can serve as a reference document for the business to refer to when making decisions. 3. It can help to identify potential risks: A business plan can help to identify potential risks and develop strategies to mitigate them. [/QUOTE]
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