ENTREPRENEURSHIP

Detailed explanation-1: -It contains information on how the business is run, such as steps involved in production or manufacturing, inventory control, supply chain management, and the quality assurance procedures.

Detailed explanation-2: -The marketing strategy portion of your business plan presents the approach you plan to take to provide products or services to your customers. It explains, at a high level, what you are going to do to get your customers to buy in the desired quantities.

Detailed explanation-3: -The purpose of the design and development plan section is to provide investors with a description of the product’s design, chart its development within the context of production, marketing and the company itself, and create a development budget that will enable the company to reach its goals.

Detailed explanation-4: -Your executive summary includes your organization’s mission statement and the products and services you plan to offer or currently offer.

Detailed explanation-5: -The operations plan is the section of your business plan that gives an overview of your workflow, supply chains, and similar aspects of your business. Any key details of how your business physically produces goods or services will be included in this section.