Business plans may also target changes in perception and branding by the customer, client, taxpayer, or larger community. When the existing business is to assume a major change or when planning a new venture, a 3 to 5 year business plan is required, since investors will look for their annual return in that timeframe.
Preparing your Business Plan
Most start-up businesses will need funding and a business plan not only allows you to see if the idea can be profitable but it also allows a bank or any other lending provider to understand your idea and how the business will shape itself.
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We provide general guidance on Business Plan Strategies.
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