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A business' strength could be its ability to attract local customers, while its weakness might be an inability to break into a non-local consumer base.A local competitor with ties to non-local customers could be facing a financial situation, giving this business an opportunity.
Creating a plan to achieve your business objectives may not change the world—but it is possible.In your business description, you'll need to include and define various aspects of your service offerings, the history of your field and any current happenings and your personal goals and objectives, elements that add to your success and the ownership of your company.This section is the backbone of your business plan and will set the stage for the information included in the rest of the plan.Oath will also provide relevant ads to you on our partners' products.To give you a better overall experience, we want to provide relevant ads that are more useful to you.Select ' OK' to allow Oath and our partners to use your data, or ' Manage options' to review our partners and your choices.Tip: Sign In to save these choices and avoid repeating this across devices.Some of the most successful corporations started in garages, and through planning became industry giants. We (Oath) and our partners need your consent to access your device, set cookies, and use your data, including your location, to understand your interests, provide relevant ads and measure their effectiveness. Every business, whether a startup or a full-fledged, profitable organization, needs a business plan.Here are the key elements of a winning business plan.