Page 118 - MAC4861_2 Finance class slides part 2
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BUSINESS PLANS AND FINANCIAL PROPOSALS
Overview
• The idea for a start-up business entity often sees
the light on the back of a napkin.
• Likewise, new growth ideas for an existing business
are often born through informal discussion. But
ideas are useless unless put into action.
• A business plan represents the detailed, long-term
roadmap whereby these ideas could be
implemented.
• A related but separate document is the financial
proposal.
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