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The time you invest in your business plan will pay off many times over. Following are some of the most obvious benefits you’ll gain from business planning: 1. A clear statement of your business mission and vision 2. A set of values that can help you steer your business through times of trouble 3. A [...]

Part of the business-planning process involves an analysis of your own strengths and weaknesses as well as a recognition of the opportunities and threats in your business environment. Establishing specific goals and objectives as part of a coherent, overall plan is especially important when your company is in trouble. An effective business plan ensures that [...]