Definitely a good business really needs a good business plans for execution and without this one might just be gambling with one hard earned finances and having a backup plan will be most helpful,so that one can fall back on if need be.
It depends with how much profit you earn and how you manage them. Some of the profit you need to use in expanding the business. A ready market to give you good profits is really good but then it depends with the type of business that you're running.
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