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For a startup business, it isn’t only about having your business financials sorted out. Your business has to be started on the right foot, with every vital information and operation put into consideration. Therefore, in business planning, having a business plan is your first point of call. A business plan is simply a written description of your business’s future. It is a document that tells what you plan to do in your business, and how you plan to do it. Having understood why you need a business plan, you have to spend some time doing your homework gathering the information you need to create one, then getting everything down on paper. Although business plans vary in terms of length and scope, all successful business plans contain common elements. The plan should take into considerat...