INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Analysis of Background
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Industry Analysis
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Analytic Industry
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Background Analysis
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Detailed explanation-1: -Financial plan. One of the final elements in your business plan is the financial statements. While the financial plan is a very important section, it’s appropriate for it to come last, because if the executive summary is a discussion of all that is to follow, the financial section is a recap of all that precedes it.
Detailed explanation-2: -An executive summary should highlight your business plan’s essential points in fewer than two pages. Write your business plan before writing your executive summary.
Detailed explanation-3: -The executive summary should provide an overview of your business with key points and issues. Because the summary is intended to summarize the entire document, it is most helpful to write this section last, even though it comes first in sequence.
Detailed explanation-4: -In a plan prepared for an external audience, such as investors or bankers, the executive summary is the first opportunity the business owner has to engage the reader’s interest. Even though it appears first in a business plan, the executive summary should be written last.