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What is a business plan and why do I need one?

A business plan precisely defines your business, identifies your goals and serves as a road map for your success. The basic components include a summary of your idea, your marketing plans and your financial projections a balance sheet, an income statement and a cash flow analysis. Because it provides specific and organized information about your company and how you will repay borrowed money, a good business plan is a crucial part of any loan package.

Good planning is CRITICAL to your success!

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