A business plan, even for a startup business, will require some form of forecasting.

Question

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Forecasting is an important aspect of business planning as it helps in making informed decisions related to finances, marketing, operations, and future growth. Without forecasting, it is difficult to estimate the potential revenue, expenses, and profitability of a startup business. Hence, a business plan for even a startup business requires some form of forecasting.

A Business Plan, Even for a Startup Business, Will Require