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In this tutorial, Sarah from The Savvy Professor outlines five key steps for writing a business plan to secure a loan. First, present your business opportunity through an executive summary that captures the essence of your plan on one page, aimed at piquing lenders' interest. Next, conduct a market analysis detailing the industry, your niche, current trends, target market, and a competitive analysis. Then, explain your products or services, highlighting their relevance and differentiation from competitors. Additionally, ensure your plan includes a cover page and table of contents before the executive summary. Finally, describe your execution strategy in detail.
