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In this tutorial by Sarah from The Savvy Professor, she outlines five key steps for writing a business plan aimed at securing a loan. First, the plan should include an executive summary that summarizes the business in one page to capture the lender's interest. Second, a market analysis must detail the industry, niche differences, current trends, the market gap, target audience, and a brief competitor analysis. Third, the products or services section should explain their market relevance and differentiation from competitors. Additionally, a cover page and table of contents should precede the executive summary. The tutorial will continue to elaborate on how to execute the business effectively.
