It is extremely important to develop a business plan before going to a bank for a loan, because it shows that you are aware of who the target market is
What is a business plan?
This is the term that is used to refer to the plan that a person has made about an intended business.
The plan tells us of the goals of the business and the way they hope to achieve the goals. It also tells us of the target market for the product that is being developed.
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