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What are the key elements of a successful business plan?
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The key elements of a successful business plan include: a detailed market analysis, a clearly defined operating plan, a realistic marketing strategy, a financial plan, and a management team with the right set of skills. Additionally, identifying and understanding the potential opportunities and risks associated with the business, setting attainable and well-defined goals, and ensuring that the goals are regularly evaluated and adapted are important considerations when drafting a successful business plan.