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When simply put, a business plan is a document about a guideline to start a new business. This document contains about goals and aims of the business within a certain time period. Also, this contains details about feasibility studies, financial planning, marketing planning, operational planning, management planning. So the business plan is an important step to a successful business.
A business plan should be a concise, accurate, and comprehensive document. It is used to gain funding from banks or other lending institutions, but can also be used for self-funding your project. A business plan will help you clarify your ideas and give you an idea of what needs to be achieved in order to become financially stable. This guide will help you create a business plan that will inspire potential investors and secure the funds you need for your startup venture