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Shawna thanks Taylor Brands for sponsoring the video on how to write a business plan. A business plan is crucial for entrepreneurs as it helps them focus on steps needed for success, short and long-term goals. The key points for the plan include business idea summary, products/services, budget, production, marketing, and goals. It's important to be able to describe your business idea succinctly. Shawna created a free template for viewers to use.
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