Question

Question 2: a. The National Board for Small Scale Industries (NBSSI) received close to 5,000 applications days after the government launched the COVID-19 Alleviation Programme (CAP) business support scheme to cushion businesses negatively impacted by the coronavirus (COVID-19) pandemic. In a bid to secure the fund, you are required to prepare a detailed business plan in not more than two pages.

Answer 1

A business plan is a document describing a business, its products or services, how it earns (or will earn) money, its leadership and staffing.

A good executive summary is one of the most crucial sections of your plan—it’s also the last section you should write.

The executive summary’s purpose is to distill everything that follows and give time-crunched reviewers (e.g., potential investors) a high-level overview of your business that persuades them to read further. Again, it’s a summary, so highlight the key points you’ve uncovered while writing your plan. If you’re writing for your own planning purposes, you can skip the summary altogether—although you might want to give it a try anyways, just for practice.

An executive summary shouldn’t exceed one page. Admittedly, that space constraint can make squeezing in all of the salient information a bit stressful—but it’s not impossible. Here’s what your business plan’s executive summary should include:

Business concept. What does your business do?
Business goals and vision. What does your business want to do?
Product description and differentiation. What do you sell, and why is it different?
Target market. Who do you sell to?
Marketing plan. How do you plan on reaching your customers?
Current financial state. What do you currently earn in revenue?
Projected financial state. What do you foresee earning in revenue?
The ask. How much money are you asking for?
The team. Who’s involved in the business?

financing, its operations model, and many other details essential to its success.

So, after government has announced the covid 19 pandemic the NBSSI have to follow the above suggestions to secure from Bid.