Initially the plan is used to set out your strategy and action plan for the first year.
As part of the process you set concrete objectives and plan how you will achieve them. Writing a business plan helps you focus and develop your ideas. Priorities are identified. Non-priorities are dropped, saving precious time. Putting the plan in writing makes it easier to spot any gaps where you have more to do. Once written, the plan is a benchmark for the performance of the business.
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