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A business plan is a document that summarizes the operational and financial objectives of a business and contains the detailed plans and budgets showing how the objectives are to be realized. It is the road map to the success of your business. For anyone starting a business, it's a vital first step.
How to Describe Your Business. When writing a business plan, an important task is to clearly describe your business and exactly what it will involve. This can be will be crucial to writing your business plan. Experience tells that you need a written document -- even if you're sure you know exactly what your business will do.