Author : Archie Purdy.
Published : Mon, Jul 1 2019 :11 PM.
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A business plan is often required when you apply for a loan or pitch to investors. But even if you aren’t looking for financing, a business plan can help keep your business organized and on-task. It should be a living document — as your business grows or shifts directions, update your plan to reflect those changes. Having an up-to-date business plan on hand also makes it easier to apply for financing and be prepared for lender interviews.
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