The Business Plan is your last chance to examine your intended business in organised detail and make your final decision as to whether you should go ahead with it or not. Read through everything you have written and examine the figures and your expectations carefully. If it confirms your predictions, go for it! Otherwise pull out before you end up regretting ever getting involved.
The size of a business plan depends on the type and size of business, and of course the amount of funding you require. A RM25,000 loan to open a shoe repair shop would suffice with a seven-page business plan and basic financial documents. A loan of RM150,000 to establish an ICT enterprise would need extensive notes and detailed financials that may need the use of an accountant to achieve 100% balanced projected accounts.
At the same time, a long and detailed business plan could serve as an excellent guide for you and your team to mark out the progress of the company's growth."
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