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A business plan is intended to be a guide in your business life. It helps to keep your business on the right track by serving as a blueprint for your business. It is important to keep your business plan current without delving much into future planning and projections. This is important to avoid unnecessary frustrations and pitfalls. Very often business plans are needed if you wish to take a loan for your business. It is intended to provide all necessary information regarding the company's past and future performances.
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