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In this video tutorial, Sarah from The Savvy Professor outlines five key steps for writing a business plan to secure a loan. 1. **Executive Summary**: Summarize your business plan on one page, focusing on key contents that will engage lenders.2. **Market Analysis**: Detail your industry, your niche, current market trends, the gap you're addressing, and your target audience, along with a competitive analysis.3. **Products or Services**: Clarify the relevance of your offerings and their unique aspects compared to competitors. Additionally, include a cover page and table of contents before the executive summary. 4. **Execution Plan**: Explain how you will implement your business strategy.These steps will ensure a comprehensive presentation of your business plan.
