When you decide to contact business investors that will provide capital for your start-up you are supposed to have an executive summary that will include the main and most important points of your business plan. And you will also be prepared to answer various questions that VCs are going to ask you, to make sure you have an in-depth understanding of the business process and you are aware of and able to face any future risks, changes and challenges. One of the points you will detail in your business plan will refer to competition.
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