MANAGEMENT

Detailed explanation-1: -Most potential investors will want to see a business plan before they consider funding your business. Although many businesses are tempted to use their business plans solely for this purpose, a good plan should set the course of a business over its lifespan.

Detailed explanation-2: -Outside readers will mostly be those who are sources of funding, although professional advisers will read the plan, and occasionally even a supplier, distributor, or others who have a business interest in the company may want to read it in order to understand how the company runs so he or she can better serve it.

Detailed explanation-3: -It may include a table of contents, company background, market opportunity, management overviews, competitive advantages, and financial highlights. It’s probably easiest to write the detailed sections first and then extract the cream to create the executive summary.