MANAGEMENT

Detailed explanation-1: -Key lessons on the 4 key components of a business plan The executive summary, marketing plan, key management bios, and financial plan business plan sections are critical and should be included in all business plans.

Detailed explanation-2: -The four most important sections of a business plan include your unique value proposition, details about your management team, your market analysis and your financial projections.

Detailed explanation-3: -The 3 most important purposes of a business plan are 1) to create an effective strategy for growth, 2) to determine your future financial needs, and 3) to attract investors (including angel investors and VC funding) and lenders.