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A Business Plan is developed only after it has been established that a business opportunity exists (i.e a project is considered to be viable).
Therefore, a business plan is prepared after a feasibility study has been conducted.
A business plan contains several actions needed in order to succeed and implement the whole plans.
Main phases of a business action plan may include:
- Market Strategy
- Business current situation
- Competitive analysis
- Design & development plan
- Operations & management plan
- Financial analysis