If you go through the exercise of preparing a business plan, only to determine that you need twice the amount of money to start the business than you have, the SBA and other expert organizations encourage you to go ahead with your plans because if you understand the market, you can use the revenues you accrue to make up the shortfall.

Question

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One of the causes of small business failure is lacking the necessary capital to start the business. Creating a business plan is a good exercise for determining capital needs.

If You Go Through the Exercise of Preparing a Business