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Making Plans

Create a business plan that will grow along with your company.

This story appears in the August 1997 issue of Entrepreneur. Subscribe »

Starting a new business takes planning. Though many entrepreneurs might begin a business venture without a proper business plan in hand, once they embark upon the task of creating a successful company, most discover they can't get by without having one.

Writing a business plan can be extremely daunting. Consisting of pages of information (from as few as 10 to as many as 50), business plans include critical analysis of where your company is and where it's headed--analysis that is needed to help you obtain financing, whether it's from an investor, bank or government agency. Even if you're not seeking start-up or additional funding, you should consider writing a business plan to help you set goals for your company's future.

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