Essence of business plan

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A company business plan includes specific tactics for reaching objectives set in the business strategy. A business plan is merely a "plan for the business," where the business may be a profit-making company, a government organization, or a non-profit organization. A business plan can also represent a product line, an individual product, a line of service products, or some other part of a larger business entity. For companies in private industry, the heart of the business plan is a business model and business strategy which describe how and where the company expects to make and spend money. All other parts of the business plan stem from the model.
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10 Essential Content of a Business Plan

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14+ Hotel Business Plan Examples in PDF | MS Word | Google Docs | Pages | Examples

A business plan is a very important strategic tool for entrepreneurs. A good business plan not only helps entrepreneurs to focus on the specific steps necessary for their to make business ideas succeed, but it also helps them to achieve both their short-term and long-term objectives. Venture capitalist and Silicon Valley pioneer Eugene Kleiner once stated that writing a business plan forces you into disciplined thinking. An idea may sound great, but when you put down all the details and numbers, it may fall apart. While a business plan is absolutely essential in entrepreneurship, not every entrepreneur sees the need for it. Many are reluctant to have their plan written down.
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Business Plan Essentials

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Starting a business is one of the hardest decisions anyone can make. From this point on — all of the decisions are your own. While that does mean reaping all of the rewards when things go well — it also means being responsible for anything that should go wrong. For most entrepreneurs, passion comes in abundance, but the key to success lies in meticulous preparation.
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