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Why Is A Business Plan Important

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Plan of Operations : Think of this as how you are going to spend a day at your business. How will work get done, from taking orders through to delivery? This can really help you to understand how your business will work and any potential problems or room for improvements.

Executive Summary : Your business plan should start with an executive summary. This will outline the purpose of your enterprise, for example to sell handcrafted wooden furniture, and how you will achieve this goal. It should be brief and to the point.

Industry overview-This section will include description about which industry you are targeting, its growth and size, competitive analysis, business strategy and key players.

Business Overview- This section will cover the objectives, mission and vision of the business. The goals of the business should be properly outlined in this section.

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