Before starting a business or taking over an existing one, you need to make some initial plans. You may have already decided on the type of business you want: your own restaurant, retail store, service or manufacturing plant. You need to choose a suitable location. Can I work from home or do I need a separate facility? You need to assess your financial needs, plan your daily activities, and plan for contingencies that may be included in your business plan. Planning a business usually requires the help of several professionals, such as a lawyer or accountant. The success or failure of your business may depend on your initial plan, but how do you plan and what do you plan for?
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