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Is a business plan important for SMEs' success or overrated?

Is a business plan important for SMEs’ success or overrated?

Some have described it as the “Bible’ of small and medium enterprises (SMEs), while others just believe it is ‘unimportant’ and therefore ‘overrated’. A business plan is crucial to the success of any business because it is simply a step-by-step exercise in forward thinking, reveals Small Capital, a Standard Bank practical business guide published recently. […]

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