Whether a business is small or large enough, its ongoing needs must be backed by a well-drafted small business plan template. A small business plan template will also have same key headings that are included in a large scale business plan like business name, business location, key activities of business, business staff, quality standards, profit margins and prices, compensation plan, dealing with the risks, and inauguration. Deep study on customers should be conducted before drafting a small business plan template so that all strategies may be drafted accordingly. Importance of Small Business Plan: Planning is essential for each business, whether…