Entrepreneurs who decide to start their own business are taking control of their own future by being their own boss. As they start their business, they will be faced with unforeseen circumstances and unanticipated changes. One of the best things they can do to prepare for these challenges is to develop a business plan. Although a business plan is not required to start a business, writing one helps the entrepreneur open up funding opportunities, prepare for crucial business decisions, understand the financial aspects of the business and gain a crucial understanding of the industry and market.
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