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Nearly all business experts agree on one thing: the importance of drafting a business plan.

A business plan is not just a document. It is a holistic analysis of your company, the environment it operates in, and a route map to achieving success based on the resources available.

There are six reasons why business planning is so important:

• To plan for an uncertain future
• To help grow your business
• To commit to a particular course of action
• To manage cash flow through a plan
• To value a business