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 · But a 2018 survey found that 63% of small business owners only plan roughly a year in advance. It can be tough for a multitasking business owner to .

Figure 1: Building blocks of a good business. The Vision Statement The vision statement is a precise, welldrafted statement indiing the direction of the business. It is an inspiring short and succinct statement of what the business intends to become and to achieve in the future often stated in competitive terms. It describes the aspirations for the future, without specifying the ...

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 · Business Contingency Plan (Click on the template to edit it online) Step 4: Share and Maintain the Plan . Once you have completed the contingency plans, make sure that they are quickly accessible to all employees and stakeholders. Review your contingency plans from time to time and update them as needed. And it's a best practice to inform ...

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While your business plan is primarily intended to convince you that your business makes sense, keep in mind most investors look closely at your competitive analysis. A common mistake made by ...