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Final answer:
A well-crafted business plan is essential for securing funding, enhancing negotiating power, and avoiding future issues.
Explanation:
A well-written business plan plays a crucial role in securing funding for a new venture. It not only increases the likelihood of obtaining financial support but also enhances negotiating power with potential investors. Additionally, a comprehensive business plan can help in avoiding problems in the future by providing a roadmap for the business.
Learn more about Importance of a well-written business plan for funding and negotiating here:
https://brainly.com/question/42509053
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