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Why your business may need an up-to-date business plan

An average mistake for many entrepreneurs is to assume that a business plan’s only function is for pitching your idea to investors in the hopes of achieving a source of finances. Meaning, many aspiring entrepreneurs think in the mindset that, if you don’t need external sources of revenue, you don’t need a business plan. In fact, almost all businesses need to have an up-to-date business plan. For start-up businesses, it…

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Developing a Mission Statement and Values

While having an efficient business plan is always important, all businesses should have a specific mission, or vision, that is created by its owner. A mission statement should be well-thought, carefully defined, and should always be sincere. A well-written, sincere mission statement is a quick way to summarize the drive that is behind your organization and what it represents. Additionally, developing a future vision of your company serves as a…