1.When creating a business plan why is it important to know the demographic.

2.Explain why a prospective business founder might want to create a feasibility study or Business Model Canvas before developing a complete business plan. Explain why the executive summary is the most important section of any business plan.

3.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?

4 Print an assignment, or any body of text, with 1-inch margins, double spaced, using 12-point Times New Roman. Then, print the same document with 0.8-inch margins, single spaced, using a 10-point Arial typeface. Which is easier to read? Why? How would this relate to a business plan?

5.Name three categories of investors/lenders that might have an interest in your business plan. How can spending time researching and writing a business plan save an entrepreneur time and money in the short and long term?

6.Why is it important to identify a businesss culture from the beginning?