MANAGEMENT

Detailed explanation-1: -What goes into your business plan’s executive summary section? In the first paragraph, the executive summary should include a description of your business and the customer problem being uniquely solved so the reader understands what you are trying to achieve.

Detailed explanation-2: -Define your business use In the management plan for business owners, a competition section serves as a vehicle for understanding competition and developing strategic positioning. You and your team look at comparative strengths and weaknesses. It leads you straight to strategy.

Detailed explanation-3: -Market Analysis Identifies specific knowledge about the business and its industry, and the market (or customers) it serves. An analysis that identifies and assesses the competition.

Detailed explanation-4: -The Competitive Analysis section of your business plan is devoted to analyzing your competition–both your current competition and potential competitors who might enter your market.