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Why Is Planning So Important to Small Business

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Why is planning so important to small business?


Definitions:

Prototypical Idealization

The process of creating ideal models or examples in one's mind that represent the most typical or classic features of a particular category or concept.

Valid

A term that describes something based on truth, fact, or logic, often used in the context of arguments, research findings, or tests.

Normed

The process of standardizing a test or assessment by administering it to a large group to establish norms for interpreting scores.

Reliable

The extent to which a measurement instrument delivers consistent and stable outcomes.

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