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Commentary

144 General style

BUSINESSES vol 4(2) start-up, sale and purchase
| Commentary

144 General style

| Commentary

7: FORMULATING THE BUSINESS PLAN

144 General style

Having considered the business’s needs for finance, and decided what type of finance to use, the proprietors must now put together the formal business plan, explaining in detail their strategy for developing the business successfully. Most lenders and investors will wish to see the plan, and a very large part of their decision as to whether or not to finance the business will be based upon it. Some lenders and investors have their own template for a business plan which it would be advisable to follow, but the following general advice will be

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