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Businesses often require business plans before operations start. A business plan is a formal document that outlines the company’s objectives and aims and lists the strategies and plans to realize these targets and aims. Business plans are essential when you want to borrow capital to begin operations. Businesses range in scale from sole proprietorships to worldwide companies and range in size from small to giant. The business term additionally defines the efforts and activities of individuals to supply and sell items and providers for revenue. Peggy James is a CPA with over 9 years of experience …