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1. What are the major sections that must be included in a business plan with explanations? 2. When should a business plan be written? When

1. What are the major sections that must be included in a business plan with explanations?

2. When should a business plan be written? When might it not be necessary or even advisable to create a plan?

3. If the income statement of a financial plan shows that the business will be profitable, why is there a need for a statement of cash flow?

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