Reasons for writing a business plan:
To serve has a tool for communicating ones ideas to others e.g. investors, partners or employees. To be a tool for guiding the business operation. It forms a foundation for financing proposals. Allows assessing and measuring of performance as business progress. To serve as a guiding tool in setting short and long term business goals. For identification of strength and weaknesses of the idea. For easy evaluation on the feasibility of business ideas.
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