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In this tutorial hosted by Peter at Virtual Wisdom Finance and Accounting, the focus is on understanding and creating a business plan. A business plan is defined as a written document prepared by an entrepreneur that outlines the essential external and internal factors necessary for starting a new venture. It serves as a comprehensive guide for running the business both during the startup phase and in the long term. The tutorial aims to provide a structured outline or template for writing a business plan, highlighting its importance for effective short and long-term decision-making prior to launching a new business.
