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By Carly W at October 02 2019 06:05:58

What is a business plan? A business plan sets out the method for running a specific activity over a specific future period. Why are business plans needed? Business plans are needed essentially for the four following reasons: 1. A formal, explicit document of the planning process; 2. A request for finances; 3. A framework for approval; 4. A tool for operational business management.

Make sure you are researching each point of your budget, make sure that you are giving it context and it makes proper sense within your overall plan.

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