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What is the purpose of a business plan and why is it an essential first step for a start-up firm A business plan can get you in to action when just beginning to plan the future of your business Starting a business can seem like a long intimidating and drawn out process A business plan will help you ease this task by setting things apart so that they may be seen more clearly also helps by breaking the process into pieces So writing a business plan can help to move you by breaking down a seemingly impracticable task into smaller less upsetting tasks Once you have your business going a business plan can be very useful to help keep you on track and focusing on the goals you have set With all the hard work and continuous effort it is very easy to lose sight of your objectives and goals A business plan also serves to help others to understand your vision including prospective partners suppliers customers and employees A well-written and thought out business plan can prove your success and happiness or the future failure within your business depending on its accuracy What are some of the sources for financing that these Web sites recommend exploring The options available to you in financing your new small business depend upon the opportunity you are pursuing Small businesses usually need more than just cash they need reliable money By reliable money I am referring to financing that puts your business in the condition that you want it in and feel comfortable with it in where the financier provides not only capital but support and knowledge to your business Reliable money cold mean a variety of things such as personal savings friends and relatives banks and or credit unions angel Investors or credit cards What are the advantages and disadvantages of different sources of funds The primary foundation of capital is normally received
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