2-6. Explain why a prospective business founder might want to createa feasibility study or Business Model Canvas before developing a complete business plan.
2-7. How can spending time researching and writing a business plan save an
entrepreneurtime and money in the short run and long run?
2-8. What are the parts of a Business Model Canvas? How can the entire canvas assist an entrepreneur?
2-9. Explain why the executive summary is the most important section of any business plan.
2-10. One mistake entrepreneurs make in their business plans is that of only including an income statement. What other financial statements should be incorporated and why?
2-13. Why is it important to identify an organization’s “culture” from the beginning?
Answer inyour own words
