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introduction ‘ business plans are often the starting point for would- be entrepreneurs as they outline their business ideas and develop a plan to seek financing. it is a formal document which describes a good opportunity and outlines a strategic approach to pursue the opportunity.
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a business plan includes certain essential elements. these elements are the overview of the business objectives and vision, a detailed description of the products and services offered, financial statements and strategies, an analytical aspect of the market situation, management team and strategy, and a.