Business planning encompasses more than getting your business going. It also involves becoming familiar with the relevant antitrust laws, so that you don't engage in conduct that illegal monopolizes your market or inadvertently enter into agreements that restrain trade, and learning how to salvage a sputtering business. Depending on your area of business, effective business planning may also require familiarity with less familiar legal topics, such as agriculture law and international law. Even small businesses can utilize strategic business planning by researching the relevant laws that pertain to the business model, and implementing a small business planning initiative. Read on for more information.
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