Answer:Entrepreneurs often come up with an idea for a new business and need financing. At this stage, it is important to develop a business plan, which forces potential small-business owners to be quite specific about the products or services they intend to offer. A business plan is a written document that outlines a company's goals and strategies, market analysis, financial projections, and other important details. It is an important tool for securing financing, attracting investors, and guiding the growth of a new business.
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