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Business is very important primarily due to two reasons:
- 1. It helps to make the business idea concrete.
- 2. Sponsors or Funders will only invest in your business if your business plan is commendable.
There are some information you must put in a business plan to organize it.
It is as follows:
- Executive summary
- Financial plan
- Company overview
- Mission statement
- Strategic business objectives
- Marketing plan
- Business and market environment
Some of the areas where targets need to be met are Sales, Service Profit or Growth Social Objectives and Diversification of business.
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