1. Explain why a prospective business founder might want to createa feasibility study or Business Model Canvas before developing a complete business plan.
2. How can spending time researching and writing a business plan save an
entrepreneurtime and money in the short run and long run?
3. What are the parts of a Business Model Canvas? How can the entire canvas assist an entrepreneur?
4. Explain why the executive summary is the most important section of any business plan.
5. 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?
6. Why is it important to identify an organization's "culture" from the beginning?