INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
financial statements
|
|
executive summary
|
|
appendices
|
|
None of the above
|
Detailed explanation-1: -The executive summary will briefly cover the most essential topics your business plan covers. For this reason, you should write the entire business plan first, and then create your executive summary. The executive summary should only cover facts and details included in the business plan.
Detailed explanation-2: -Remember-while the executive summary appears first in the business plan, it should be written last since it is the summary. A business plan is developed from the bottom up, so you need to work out all the details before you can write the summary.
Detailed explanation-3: -An executive summary is the first section of a business plan and is generally considered the most important. Typically 2-4 pages long, the executive summary is often written last, after the entire plan has been finalized. The executive summary then covers the highlights of all the other sections.
Detailed explanation-4: -The first part of your business plan that anybody will see is the executive summary. It’s a brief look at the key elements of the whole plan-and it’s critical. The executive summary should be only a page or two.
Detailed explanation-5: -Because it is an overview of the entire plan, it is common to write the executive summary last (and writing it last can make it much easier).