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Writing a business plan is one of the first steps you should take toward startup, well before you launch your business. "A lot of businesses fail to write a business plan at all until they get in a jam," says Linda Pinson, author of Anatomy of a Business Plan: A Step-by-Step Guide to Building a Business and Securing Your Companys Future. "They need money or a strategic partner: They come across a requirement for [which they need] business planning, and all of a sudden theyre panicked."

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