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What is a business plan and why you need one
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[QUOTE="Kendy, post: 244168, member: 63869"] It is such a pity that some people do not know the essence of having a business plan. I get perplexed when someone calls himself an entrepreneur, yet he does not have the crucial instrument as a business plan. Recently, I came across a business man who is doing well to a certain level and I got so curious to inquire about his business plan and the reality of the business. He was shocked and asked me why I think there is an essence of a plan when he has everything under control. Well, as someone who does not own a business, I did not want to go into any form of argument with him because he would laugh me off since I have no business to back my premise. Actually, the benefit of a business plan cannot be under-emphasized, this is because, it serves a guide to the business owner, where he could get back to in order to draw a reference point. In other words, a business plan is like a tracker which keeps the records and ensures that the business is going in line with the vision and seeks to amend some ways that have not been rewarding to both the customers and business owner. [/QUOTE]
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What is a business plan and why you need one
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