Harish is the founder of the business. The main business is supplying the construction building materials. He registered his company Harish Enterprise under sole proprietorship. His company recently was awarded by the state government RM1million to supply building materials for aquaculture government projects in Klang, Selangor. However, his company do not have adequate capital and one of his suppliers suggested to him to seek financing from the financial institutions. However, he did not know how to write a business plan. Hence, he seeks your advice to prepare a business. Based on the above scenario, answer the following questions: a) What is an “Executive summary”? Why the executive summary is often called the most important part of a business plan. b) Explain the importance of business plan to: i. A company’s employees ii. Investor and other external stakeholders.
Harish is the founder of the business. The main business is supplying the construction building materials. He registered his company Harish Enterprise under sole proprietorship. His company recently was awarded by the state government RM1million to supply building materials for aquaculture government projects in Klang, Selangor. However, his company do not have adequate capital and one of his suppliers suggested to him to seek financing from the financial institutions. However, he did not know how to write a business plan. Hence, he seeks your advice to prepare a business.
Based on the above scenario, answer the following questions:
a) What is an “Executive summary”? Why the executive summary is often called the
most important part of a business plan.
b) Explain the importance of business plan to: i. A company’s employees
ii. Investor and other external stakeholders.
c) Explain briefly two (2) characteristics of a good business plan.
d) Explain two functions of financial plan in the business plan section?
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