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The road-map which tells where the business is going is a Business plan.

A business plan is basically a map which visualize a goal desired outcome and draws out the steps needed to reach the goals.

  • In other word, a business plan shows where a company is going and steps required to get there.

  • A typical business plan will state likely Challenges, Defined Objectives, Courses of Action, Initiatives, Mode of operation etc.

In conclusion, every successful business that exists today started with well-drawn business plan.

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