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In this video tutorial sponsored by Taylor Brands, Shawna emphasizes the importance of a business plan for entrepreneurs. A well-crafted business plan aids small business owners in focusing on the steps needed for success and clarifying short-term and long-term goals. Shawna outlines key components to include in the business plan: a summary of the business idea, products and services, budgeting, production, marketing, and goals. She starts with the business idea summary, reinforcing the need to clearly articulate what the business is about. Shawna also shares a free template she created for viewers to use as they write their own plans.
