This question is based on ‘The Lekki Headmaster’. Why did Mr. Bepo argue that there was no error in Fafore’s grammatical mistake?

Business plan documents business concept, strategy, and financial projections. Sections: executive summary, company description, market analysis, organization, product/service, marketing strategy, financial projections.

Purpose: guide entrepreneur, attract investors/lenders, benchmark for measuring progress. Good business plan shows: viable market, competitive advantage, capable team, realistic financials.

Common mistakes: unrealistic projections, ignoring competition, underestimating costs, no clear differentiation. Business plan is living document – update as circumstances change.