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QUESTION: When should a business plan be prepared?
TOPIC: Business Planning
ANSWER
The sooner you develop your business plan, the better. You will find that the final copy of your business plan may differ from the original draft, as you will be updating, revising and refining it as you go. It is important that you examine all the relevant factors now. Therefore, you will be able to anticipate any surprises after your business has opened its doors.

Source: Canada-Ontario Business Service Centre

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