A business plan plays a crucial role in raising funds and growing a business. It serves as a roadmap, outlining the business's goals, strategies, target market, and financial forecasts. This information is vital for potential investors, as it provides them with a clear understanding of the business's potential for success and profitability. A well-structured business plan can convince investors to provide the necessary funds for growth or startup. Additionally, a business plan helps businesses to stay focused and on track, ensuring they meet their objectives and grow effectively.
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