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Is it mandatory to need a business plan.
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[QUOTE="CALVINDOL, post: 241767, member: 43757"] Business planning is actually the lifeblood in which a business exist a business without plan is absolutely dumb for failure and just as often said if you fail to plan then you have planned to fail . In order to avoid business failure you must have a business plan and the business plan just like you already mentioned is actually a resume of the business containing the business goals and objectives and also containing how the business will react possibly in the face of challenges and trials that are inevitable or a evitable whatever the case may be . A business plan should be established by a business owner himself he has the sole authority to write his business plan he should not issue out his business plan to another person to write for him rather he must understand that he is the one to write the business plan and also the one to master the business plan so as to make it applicable when needed . A business that does not exist without a plan is absolutely doomed for failure . High cost of production is absolutely one problem that is totally inevitable in business and to be able to run your business despite an increased cost of production you must have a business plan to guide you in your course and quest . [/QUOTE]
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Is it mandatory to need a business plan.
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