ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -The executive summary is based on the most important and persuasive points in the main body of the business plan. Researching all the parts of your business will not teach you a great deal about running a business but may provide you with specific ideas for starting up your company.
Detailed explanation-2: -Executive summaries are arguably one of the most critical sections of a business plan-and they’re also one of the trickiest to write. The executive summary is the first part of your complete business plan that someone will read, so it needs to be compelling in order to convince someone to read the whole thing.
Detailed explanation-3: -The correct answer is B. While the executive summary comes near the front of the report, it should actually be written last.
Detailed explanation-4: -Importance of an Executive Summary The primary goals of the executive summary are to provide a condensed version of the main document, such as a business plan, and to grab the attention of the reader(s).