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Compose A Winning Business Plan

Put it on paper so you can put it into action.

This story appears in the October 1996 issue of Business Start-Ups magazine.

Last month in this column, we showed you how to plan a budget for your new venture. With the preliminary business decisions made and your budget information firmly in hand, your next move is to assemble all of your thoughts and numbers into a formal, written business plan.

A solid business plan is your road map for success. It charts where you're planning to go with your business and how you expect to get there. Sure, there may be an occasional detour along the way, but by focusing on every aspect of a venture's operations before getting started, you'll be better prepared to avoid making costly mistakes.

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