{"id":26996,"date":"2022-03-06T21:09:27","date_gmt":"2022-03-06T13:09:27","guid":{"rendered":"https:\/\/furleybio.com\/blog\/?p=26996"},"modified":"2025-09-26T11:11:09","modified_gmt":"2025-09-26T03:11:09","slug":"business-plan-business-model-canvas","status":"publish","type":"post","link":"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/","title":{"rendered":"Business Plan &#038; Business Model Canvas. Effective Templates for OEM Products"},"content":{"rendered":"<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-plan-business-model-canvas.jpg?ssl=1\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"539\" data-attachment-id=\"27108\" data-permalink=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/business-plan-business-model-canvas\/\" data-orig-file=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-plan-business-model-canvas.jpg?fit=1300%2C975&amp;ssl=1\" data-orig-size=\"1300,975\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"business-plan-business-model-canvas\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-plan-business-model-canvas-300x225.jpg\" data-large-file=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-plan-business-model-canvas-1024x768.jpg\" src=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-plan-business-model-canvas-1024x768.jpg\" alt=\"business plan business model canvas\" class=\"wp-image-27108\" title=\"\" srcset=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-plan-business-model-canvas-300x225.jpg 300w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-plan-business-model-canvas-768x576.jpg 768w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-plan-business-model-canvas-1024x768.jpg 1024w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-plan-business-model-canvas-100x75.jpg 100w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-plan-business-model-canvas-600x450.jpg 600w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-plan-business-model-canvas-150x113.jpg 150w, https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-plan-business-model-canvas.jpg?fit=1300%2C975&amp;ssl=1 1300w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d2d5b8c7df1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d2d5b8c7df1\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#What_is_a_Business_Plan\" >What is a Business Plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Business_Model_Canvas\" >Business Model Canvas<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Basic_Business_Plan_Format\" >Basic Business Plan Format<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Breakdown_of_Business_Plan\" >Breakdown of Business Plan<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Introduction\" >Introduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Goal_Purpose\" >Goal \/ Purpose<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Business_Background\" >Business Background<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Background_of_Owners_Shareholders\" >Background of Owners &amp; Shareholders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Background_of_The_Proposed_Project\" >Background of The Proposed Project<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Marketing_Plan\" >Marketing Plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Organization_Plan\" >Organization Plan<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Organization_Goals_Strategeries\" >Organization Goals &amp; Strategeries<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#How_to_achieve_a_goal\" >How to achieve a goal?<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Short-Term_Strategy\" >Short-Term Strategy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Long_Term_Strategy_5_Year_Horizon_Plan\" >Long Term Strategy (5 Year Horizon Plan)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Organization_Chart\" >Organization Chart<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Roles_Function_and_Responsibility\" >Roles Function and Responsibility<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Staff_Overview_List\" >Staff Overview List<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Salary_Remuneration_Benefits_to_Staff\" >Salary, Remuneration &amp; Benefits to Staff<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Operation_Plan\" >Operation Plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Financial_Plan\" >Financial Plan<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/#Tips_for_Starting_your_own_OEM_Product\" >Tips for Starting your own OEM Product<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_a_Business_Plan\"><\/span>What is a Business Plan<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A business plan is a document that outlines the goals and objectives of a business. It also describes how the business will achieve these goals and objectives. A business plan is an important tool for any business, as it helps to guide decision-making and ensure that everyone is on the same page.<\/p>\n\n\n\n<p>There are a number of components that typically go into a business plan, including:<\/p>\n\n\n\n<p>&#8211; An executive summary<\/p>\n\n\n\n<p>&#8211; A description of the business<\/p>\n\n\n\n<p>&#8211; The market analysis<\/p>\n\n\n\n<p>&#8211; The company&#8217;s competitive advantages<\/p>\n\n\n\n<p>&#8211; The management team<\/p>\n\n\n\n<p>&#8211; The financial projections<\/p>\n\n\n\n<p>Creating a business plan can seem like a daunting task, but there are plenty of resources available to help you get started. Once you have a plan in place, it will be much easier to move forward with your business.<\/p>\n\n\n\n<p>The next step is budgeting. This is an important part of any business, as it helps you to track expenses and incoming revenue. It&#8217;s important to create a realistic budget that takes into account all of the costs associated with starting and running your business. There are a number of online tools and software programs that can help you to create a budget.<\/p>\n\n\n\n<p>Finally, we&#8217;ll discuss the business model canvas. This is a tool that helps businesses to map out their value proposition, key partners, key activities, and more. The business model canvas is a helpful way to visualize your business plan and ensure that all of the pieces fit together.<\/p>\n\n\n\n<p>So there you have it! These are the basics of starting your own business. Remember, it takes hard work and dedication to succeed, but if you plan carefully and budget wisely, you can make your dream a reality.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Business_Model_Canvas\"><\/span>Business Model Canvas<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The business model canvas is a tool that helps businesses to map out their value proposition, key partners, key activities, and more. The business model canvas is a helpful way to visualize your business plan and ensure that all of the pieces fit together.<\/p>\n\n\n\n<p>The business model canvas is a great tool for planning and strategizing. It can help you to think about your business in a more holistic way and ensure that all of the pieces fit together. If you&#8217;re just getting started with your business, the business model canvas can be a helpful tool to get you started. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-model-canvas.jpg?ssl=1\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"509\" data-attachment-id=\"27111\" data-permalink=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/business-model-canvas\/\" data-orig-file=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-model-canvas.jpg?fit=2120%2C1500&amp;ssl=1\" data-orig-size=\"2120,1500\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"business-model-canvas\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-model-canvas-300x212.jpg\" data-large-file=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-model-canvas-1024x725.jpg\" src=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-model-canvas-1024x725.jpg\" alt=\"\" class=\"wp-image-27111\" title=\"\" srcset=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-model-canvas-300x212.jpg 300w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-model-canvas-768x543.jpg 768w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-model-canvas-1024x725.jpg 1024w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-model-canvas-1536x1087.jpg 1536w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-model-canvas-2048x1449.jpg 2048w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-model-canvas-100x71.jpg 100w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-model-canvas-636x450.jpg 636w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-model-canvas-1600x1132.jpg 1600w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/business-model-canvas-150x106.jpg 150w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><\/figure>\n\n\n\n<p><a href=\"https:\/\/drive.google.com\/file\/d\/13msJ9ztz_UE5GmOqhyqQdDRSlGLIgQ3Q\/view?usp=sharing\" data-type=\"URL\" data-id=\"https:\/\/drive.google.com\/file\/d\/13msJ9ztz_UE5GmOqhyqQdDRSlGLIgQ3Q\/view?usp=sharing\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Download the Business Model Canvas<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Basic_Business_Plan_Format\"><\/span>Basic Business Plan Format<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Introduction<\/td><\/tr><tr><td>Purpose \/ Goal<\/td><\/tr><tr><td>Business Background<\/td><\/tr><tr><td>Background of Owners &amp; Shareholders<\/td><\/tr><tr><td>Background of The Proposed Project <\/td><\/tr><tr><td>Marketing Plan<\/td><\/tr><tr><td>Organization Chart<\/td><\/tr><tr><td>Operation Plan<\/td><\/tr><tr><td>Financial Plan<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-ee247a5e-bdb2-4d6c-b1eb-d57cdcbc1200\" href=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/Simple-Business-Plan-Template.docx\" class=\"mcloud-attachment-27118\" target=\"_blank\" rel=\"noopener\">Business-Plan-Template<\/a><a href=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/Simple-Business-Plan-Template.docx\" class=\"wp-block-file__button mcloud-attachment-27118\" aria-describedby=\"wp-block-file--media-ee247a5e-bdb2-4d6c-b1eb-d57cdcbc1200\" download target=\"_blank\" rel=\"noopener\">Download<\/a><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Breakdown_of_Business_Plan\"><\/span>Breakdown of Business Plan<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Tell us a little about your company or business such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Company name<\/li><li>Type of Business<\/li><li>Goods\/Services Offered<\/li><li>Premises Location<\/li><li>Business start date<\/li><li>Industry Background<\/li><li>Current Market Trends<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Goal_Purpose\"><\/span>Goal \/ Purpose<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Be clear and concise what your goal or purpose of this business plan is for, it could be for financing? applying for a loan?<\/p>\n\n\n\n<p>Is the business plan a reference document to an implementation summary for a new project or a business you want to manage?<\/p>\n\n\n\n<p>Regardless of your goal, importantly stating your goals clearly ensures the business proposal is meaningful to your intended reader. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Business_Background\"><\/span>Business Background<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>In this section write about your business in full.&nbsp;Required information includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Name of business<\/li><li>Operation address<\/li><li>Phone number<\/li><li>Type of business<\/li><li>Main activity in business<\/li><li>Registration number if any<\/li><li>Business capital<\/li><\/ul>\n\n\n\n<p>Keep this section short and simple like writing your own CV. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Background_of_Owners_Shareholders\"><\/span>Background of Owners &amp; Shareholders<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Details of owners and shareholders such as name, telephone number, academic qualification as well as experience &amp; skills need to be elaborated here especially if they are relevant to their roles and responsibilities.<\/p>\n\n\n\n<p>This is the same as the company&#8217;s background, but this is about your personal info or the shareholder.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Background_of_The_Proposed_Project\"><\/span>Background of The Proposed Project<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Make a sketch or use google Maps:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Company map (you can use Google Maps)<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/map-furley-bioextracts.jpg?ssl=1\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"343\" data-attachment-id=\"27125\" data-permalink=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/map-furley-bioextracts\/\" data-orig-file=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/map-furley-bioextracts.jpg?fit=2512%2C1198&amp;ssl=1\" data-orig-size=\"2512,1198\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"map-furley-bioextracts\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/map-furley-bioextracts-300x143.jpg\" data-large-file=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/map-furley-bioextracts-1024x488.jpg\" src=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/map-furley-bioextracts-1024x488.jpg\" alt=\"location project\" class=\"wp-image-27125\" title=\"\" srcset=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/map-furley-bioextracts-300x143.jpg 300w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/map-furley-bioextracts-768x366.jpg 768w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/map-furley-bioextracts-1024x488.jpg 1024w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/map-furley-bioextracts-1536x733.jpg 1536w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/map-furley-bioextracts-2048x977.jpg 2048w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/map-furley-bioextracts-100x48.jpg 100w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/map-furley-bioextracts-840x400.jpg 840w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/map-furley-bioextracts-700x334.jpg 700w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/map-furley-bioextracts-1600x763.jpg 1600w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/map-furley-bioextracts-150x72.jpg 150w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Company interior plan aka floor plan &#8211; If a factory, make a sketch off factory.&nbsp;If it is an office sketch the office. <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/floor-plan.jpg?ssl=1\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"480\" data-attachment-id=\"27128\" data-permalink=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/floor-plan\/\" data-orig-file=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/floor-plan.jpg?fit=1300%2C867&amp;ssl=1\" data-orig-size=\"1300,867\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"floor-plan\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/floor-plan-300x200.jpg\" data-large-file=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/floor-plan-1024x683.jpg\" src=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/floor-plan-1024x683.jpg\" alt=\"floor plan\" class=\"wp-image-27128\" title=\"\" srcset=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/floor-plan-300x200.jpg 300w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/floor-plan-768x512.jpg 768w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/floor-plan-1024x683.jpg 1024w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/floor-plan-100x67.jpg 100w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/floor-plan-675x450.jpg 675w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/floor-plan-150x100.jpg 150w, https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/floor-plan.jpg?fit=1300%2C867&amp;ssl=1 1300w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Marketing_Plan\"><\/span>Marketing Plan<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The most critical plan helps you understand your business product or service. <\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Target Market e.g. (Male, Female, Unisex, Age Group 18 &#8211; 25)<\/td><\/tr><tr><td>Products or Service Strategy<\/td><\/tr><tr><td>Price Strategy<\/td><\/tr><tr><td>Promotion Strategy<\/td><\/tr><tr><td><a href=\"https:\/\/furleybio.com\/blog\/ms\/ultimate-guide-product-food-cosmetics\/\" data-type=\"post\" data-id=\"6276\">Distribution Strategy<\/a><\/td><\/tr><tr><td>Competitive Advantage<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/example-marketing-strategy.jpg?ssl=1\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"480\" data-attachment-id=\"27133\" data-permalink=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/example-marketing-strategy\/\" data-orig-file=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/example-marketing-strategy.jpg?fit=1200%2C800&amp;ssl=1\" data-orig-size=\"1200,800\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"example-marketing-strategy\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/example-marketing-strategy-300x200.jpg\" data-large-file=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/example-marketing-strategy-1024x683.jpg\" src=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/example-marketing-strategy-1024x683.jpg\" alt=\"\" class=\"wp-image-27133\" title=\"\" srcset=\"https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/example-marketing-strategy-300x200.jpg 300w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/example-marketing-strategy-768x512.jpg 768w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/example-marketing-strategy-1024x683.jpg 1024w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/example-marketing-strategy-100x67.jpg 100w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/example-marketing-strategy-675x450.jpg 675w, https:\/\/d155kity4o7fyf.cloudfront.net\/2022\/03\/example-marketing-strategy-150x100.jpg 150w, https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/example-marketing-strategy.jpg?fit=1200%2C800&amp;ssl=1 1200w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Organization_Plan\"><\/span>Organization Plan<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>This organizational plan should have specific information about your company.&nbsp;The things to have are:<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Organization_Goals_Strategeries\"><\/span>Organization Goals &amp; Strategeries<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Why do this business? to make a profit? fix a problem? List it here.<\/p>\n\n\n\n<p>Make a list of goals with a brief description and what actionable points need to be taken to ensure the goal is achieved.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_achieve_a_goal\"><\/span><strong>How to achieve a goal?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h6>\n\n\n\n<p>Start with your personal goals, followed by your business goals.&nbsp;Make sure your business goals answer the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>As a business owner, what do you want to achieve?<\/li><li>How big or small do you want this business to be?<\/li><li>Do you want to include family in your business?<\/li><li>Staff: Do you want to provide employment?<\/li><li>Describe the quality, quantity or level of service as well as desired customer satisfaction perhaps even a criteria.<\/li><li>How would you describe your competitive advantage?<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Short-Term_Strategy\"><\/span><strong>Sho<\/strong>rt-Term Strategy<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>Plan for between 6 to 12 months.<\/li><li>The objective is to drive towards short -term expectations such as new product development and increased cash flow, sales stratergies for short term gains.<\/li><li>Think about the near future what is to be achieved and what strategies should be taken?<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Long_Term_Strategy_5_Year_Horizon_Plan\"><\/span>Long Term Strategy (5 Year Horizon Plan)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>Usually for 2 to 5 years.<\/li><li>The objective is to achieve the goals set for a brighter future for the company.<\/li><li>Let yourself dream a bit, look far ahead, how to achieve the company&#8217;s dream. <\/li><li>Could include investments today such as research and development to yield results for the future.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Organization_Chart\"><\/span>Organization Chart<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Pretty Simple!!&nbsp;follow the example below: (Organization chart is from the top to bottom position such as the Board of Directors, CEO, General Managers to the production workers, drivers.)<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/organization-chart.jpeg?ssl=1\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" height=\"480\" width=\"719\" decoding=\"async\" data-attachment-id=\"27139\" data-permalink=\"https:\/\/furleybio.com\/blog\/ms\/business-plan-business-model-canvas\/organization-chart\/\" data-orig-file=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/organization-chart.jpeg?fit=1170%2C780&amp;ssl=1\" data-orig-size=\"1170,780\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"organization-chart\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/organization-chart.jpeg?fit=300%2C200&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/organization-chart.jpeg?fit=719%2C479&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2022\/03\/organization-chart.jpeg?fit=1170%2C780&ssl=1\" loading=\"lazy\" alt=\"\" class=\"wp-image-27139\" title=\"\"><\/a><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link\" href=\"https:\/\/drive.google.com\/file\/d\/13muHFyUW40YsklDn0Eq5VDwO2KaAcMIs\/view?usp=sharing\" target=\"_blank\" rel=\"noreferrer noopener\">Download Organization Chart Template<\/a><\/div>\n<\/div>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Roles_Function_and_Responsibility\"><\/span>Roles Function and Responsibility<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>State the functions and responsibilities of the positions for individuals as stated above.<\/p>\n\n\n\n<p>For example, the sales are responsible for generating getting sales for the company.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Staff_Overview_List\"><\/span>Staff Overview List<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Calculate the number of staff available segregated by each department or team.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Salary_Remuneration_Benefits_to_Staff\"><\/span><strong>Salary, Remuneration &amp; Benefits <\/strong>to Staff<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>State the advantages of working with your company.&nbsp;Emphasize aspects such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Medical leave<\/li><li>Annual leave<\/li><li>Salary increament<\/li><li>Dental Coverage<\/li><li>Employees Provident Fund (EPF)<\/li><\/ul>\n\n\n\n<p>For example, do employees get a bonus if they meet KPIs?&nbsp;This depends solely on what your company wants to offer.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Operation_Plan\"><\/span>Operation Plan<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The content for a business selling a product are as below:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Item List<\/td><\/tr><tr><td>Process Flow<\/td><\/tr><tr><td>Input Costs such as Product Costs, Logistics Costs, Distribution Costs<\/td><\/tr><tr><td>List of Machines, Furniture, Fixtures &amp; Fittings<\/td><\/tr><tr><td>Resources Distribution<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Financial_Plan\"><\/span>Financial Plan<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The financial plan is the most important section!&nbsp;Yes, with good financial planning, the company will run much more smoothly.&nbsp;After all, we are doing a business we would want to benefit from our hard work and the reward is money!<\/p>\n\n\n\n<p>What should be in this financial plan? A basic financial plan must contain the following aspects:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Costs and capital of business execution<\/li><li>Sources of financial financing (whether own capital, bank loans, hire purchase or other sources)<\/li><li>Cash flow (monthly and annual, for a period of 3 years)<\/li><li>Income statement (annual, for a period of 3 years)<\/li><li>Return on capital analysis (break-even analysis EBITA).<\/li><\/ul>\n\n\n\n<p>Dont know how to do it? confused?!&nbsp;If you do not have expertise in the field of finance, you can google&nbsp;<strong>&#8216;&nbsp;<em>Financial Budget Statement Template&#8217;.<\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tips_for_Starting_your_own_OEM_Product\"><\/span>Tips for Starting your own OEM Product<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Based on your business plan ensure you have the unique selling points, target cost price and costing sheet including margins and distribution costs. Read more about it <a href=\"https:\/\/furleybio.com\/blog\/ms\/steps-to-start-an-oem-business-build-your-own-brand-byob\/\" data-type=\"post\" data-id=\"8735\">here<\/a>. <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2019\/07\/Furley-Logo-600px.png?ssl=1\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"6693\" data-permalink=\"https:\/\/furleybio.com\/blog\/ms\/furley-logo-600px\/\" data-orig-file=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2019\/07\/Furley-Logo-600px.png?fit=601%2C315&amp;ssl=1\" data-orig-size=\"601,315\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Furley Logo 600px\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2019\/07\/Furley-Logo-600px.png?fit=300%2C157&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2019\/07\/Furley-Logo-600px.png?fit=601%2C315&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2019\/07\/Furley-Logo-600px.png?fit=601%2C315&ssl=1\" alt=\"Furleybio\" class=\"wp-image-6693\" width=\"301\" height=\"158\" title=\"\" srcset=\"https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2019\/07\/Furley-Logo-600px.png?fit=300%2C157&amp;ssl=1 300w, https:\/\/i0.wp.com\/d155kity4o7fyf.cloudfront.net\/2019\/07\/Furley-Logo-600px.png?fit=601%2C315&amp;ssl=1 601w\" sizes=\"auto, (max-width: 301px) 100vw, 301px\" \/><\/a><\/figure><\/div>\n\n\n\n<p class=\"has-small-font-size\"><a href=\"http:\/\/furleybio.com\/blog\/ms\/factory\/quote\/\" data-type=\"URL\" data-id=\"http:\/\/furleybio.com\/factory\/quote\">Furley Bioextracts<\/a> has been in business for 15+ years, has combined experience of 50+ years experience in manufacturing creating over 10,000+ formulations. Certifications include ISO22000, ISO13485, cGMP, HACCP and Halal<br><br>We work with small microentrepreneurs to large multinational companies to develop their products. <\/p>\n\n\n\n<p class=\"has-small-font-size\">We are a contract manufacturer, <a rel=\"noreferrer noopener\" href=\"http:\/\/furleybio.com\/blog\/ms\/factory\/\" target=\"_blank\">OEM<\/a>, business partner, mentorship that specializes in manufacturing food, cosmetics, traditional, capsules, medical devices and supplements. We serve clients from all around the world including Asia-Pacific, Europe, Middle East\/Africa and North America regions.<\/p>\n\n\n\n<p><\/p>\n\n\n\n                <div class='gf_browser_gecko gform_wrapper' id='gform_wrapper_2' ><div id='gf_2' class='gform_anchor' tabindex='-1'><\/div><form method='post' enctype='multipart\/form-data' target='gform_ajax_frame_2' id='gform_2'  action='\/blog\/ms\/wp-json\/wp\/v2\/posts\/26996#gf_2' data-trp-original-action=\"\/blog\/ms\/wp-json\/wp\/v2\/posts\/26996#gf_2\">\n                        <div class='gform_body'><ul id='gform_fields_2' class='gform_fields top_label form_sublabel_below description_below'><li id='field_2_1'  class='gfield gfield_contains_required field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label gfield_label_before_complex'  >Name<span class='gfield_required'>*<\/span><\/label><div class='ginput_complex ginput_container no_prefix has_first_name no_middle_name has_last_name 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Create your business out of interest While we do start a business with the motivation of making money but the main reason we do business should be because of interest. Interest in the industry, product and the market. 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