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A friend is planning to start his own company. He claims that he doesn't need a business plan because he is not going to seek

A friend is planning to start his own company. He claims that he doesn't need a business plan because he is not going to seek a bank loan, and-at least initially- he doesn't plan to hire any employees. Create a list of at least five reasons why he should create a business plan, in the process explaining why it will be valuable for his new enterprise

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