When starting up a business, there will be many occasions where the entrepreneurs like you will have to explain their business to outsiders, to people such as bank managers, investors, grant providers, and government bodies tasked with the promotion of enterprise/entrepreneurship. For this reason, it is important that you are able to present a business summary outlining the exact structure of your business, your expected turnover and profits, and what your future plans are. You must also be able to justify any information (especially any financial information) that you have included in your business plan.