it is necessary to write a business plan that contains

Risk categories

A business plan is a written document, which is used for many purposes: it is used to define essential product, income objectives, and specific operating procedures. It is also used to hold trust of your creditors, obtaining funds and attract investors.
There is a famous quote: "If you fail to Plan, you Plan to fail". The more successfully you plan your business, the more you will get success. For running a business successfully, it is necessary to write a business plan that contains: the goals and objectives and each milestone that must be passed in order to accomplish your goal. Every business is full of risk. The risk analysis in a business plan tells investors and lenders that you have clear knowledge about the risks you face in your business and you have the ability to cope with these risks. It is not essential to address all kinds of risks in your business plan, but pick the risk categories that are most important to your company. You expect something and something differently can happen. Sometimes markets take too long to develop. Risks and hazards are always linked with your business. Forecasting risks can help you in risk planning and communicating risk information, before anything seriously occurs to your business. ：

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