“A business plan is a written description of your business's future, a document that tells
what you plan to do and how you plan to do it.” What factors are to be considered while
preparing it?
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Explanation: A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of one.
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