MANAGEMENT

Detailed explanation-1: -The executive summary is arguably the most important section of the business plan. It must be concise, specific, and well-written. Many of the people who review your business plan will decide, based solely on the executive summary, whether to continue reading.

Detailed explanation-2: -Business plan competitions provide the opportunity to entrepreneurs to present their ideas to potential investors and get the funding for their startups. This is a more practical alternate in those contexts where access to other channels of financial capital is extremely difficult.

Detailed explanation-3: -It will help you steer your business as you start and grow. Think of a business plan as a GPS to get your business going. A good business plan guides you through each stage of starting and managing your business. You’ll use your business plan like a GPS for how to structure, run, and grow your new business.

Detailed explanation-4: -The first and most important part of the business plan is the executive summary. It lets potential investors know whether the project looks viable or not, and should be clear and compelling. This section also outlines the points in the plan and describes how the business will present its offerings to the public.