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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Q “Planning mechanisms” Please respond to the following: • Per the text, planning isn’t just what you do to go into business, it’s what you have to do to stay in business. Speculate on the planning mechanism(s) that you believe would work well for your NAB business if implemented properly. Provide a rationale for your response.

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Planning the business is vital for all kinds of firms. It is compulsory for small business specifically due to the fact that planning is delayed so that emphasis can be on what may be attained in a specified frame of time, competitive challenges, and limited personnel. The importance of holding a plan won’t be understood by them until an actual need is there for it. Business plans can be considered to be essential to make sure business success. It is the roadmap of the business towards success in case it is planned in a proper manner. Proper planning is involved in the hope of the company for long-term success.