ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The cover letter of a business plan should
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explain what you plan to do with the loan money if you receive it
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briefly describe your business and its potential for success
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be used to write the executive summary
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list the material included in the main body of the plan
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Explanation:
Detailed explanation-1: -The executive summary is often considered the most important section of a business plan. This section briefly tells your reader where your company is, where you want to take it, and why your business idea will be successful.
Detailed explanation-2: -Also called a company description, your business description summarizes what your company does, its purpose, and what makes it unique. It’s a critical component of your business plan and immediately follows your executive summary.
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