Planning is one of the most important aspects in running a business whether it be a small family owned business or large corporation. Writing a business plan should be your first step in starting a new business venture. By having a plan you have a detailed blueprint of you business purpose and a detailed account of what actions will transpire to achieve your organizational goals. Below are some of the basic element of a business plan which begins with the executive summary. The Executive summary is probably one of the most important elements of a business plan. The executive summary is a brief overview of what your business purpose and how you will pursue the market opportunities and why your business will be a success. This portion alone can gain or lose potential investor interest in your business.
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