BUSINESS PLAN

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A business plan can be defined as a road map for your business’ growth and development. It tells the readers realistically about who you are, what you plan to do, and how you achieve your long-term goals.

 

A good business plan has some benefits as follow:

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• Obtaining more fund (capital) for your business expansion either from bankers or venture capital funds

• Ensuring your long-term strategy on the right track

• Managing your management team and regularly monitoring their clear objectives

• Better planning and managing your cash flows

• Developing accountability

• Monitoring performance metrics (performance indicators)

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