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Benefits of a Business Plan for Small Businesses. Before diving into the components of our small business plan template, let's first discuss the benefits of having a solid strategy for your small business. These are the four benefits of having a business plan: 1- Market Understanding. Part of preparing a business plan

A business plan, like any other plan, that contains a description of what that plan is about, how to go about executing that plan, and back up or emergency plans in case all hell breaks loose. It is an essential document that layouts an organization's proposals, financial plan, and business models.

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The example business plan used in this guide is not presented as a masterpiece of business plan writing. It is a basic business plan that worked – the processor was able to convince his banker to make the loan. This business plan, however, on its own, was not the only reason the bank chose to make the loan. The processor had a solid track record

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