![]() New companies, like startups, have more doubts than answers and that’s why a business model is much more recommended in the very early stages of a company. However, an accurate and complete document is essential for the success of the company – and that’s also why it is important to be kept updated.īut most importantly, a business plan is more recommended for established companies where forecasting is possible. ![]() Raise funds, whether financial, human, or partnerships.Ī business plan may take longer to be concluded.Make communication among partners, employees, investors, customers, and suppliers easier.Have support toward business management, both on figures and strategies.Have a guided expansion of their running business. ![]()
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