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Writing a detailed business plan is crucial for the success of any business because it guides the management in the direction of the business and helps determine the feasibility of the venture.  There is no doubt that a good business plan is critical in the management of any business.  Below is a breakdown of how you can develop a good business plan with elaborated sections.  #1 Executive Summary: Business Overview: This section should offer a brief overview of your business idea in terms of the mission statement, products/services, target niche and the business ownership structure.  Vision and Goals: It is necessary to declare the strategic vision of the business development for the short-term and long-term period with the corresponding goals and objectives.  Financial Highlights: Convey the major forecasts on the financial aspect including the anticipated revenues, profits as well as the funds needed.  #2 Company Description:  Company Name and Type: State the legal entity (for exampl