Final Answer:
1. An entrepreneur is a risk-taker and a visionary.
2. A business plan should have a clear executive summary and a detailed financial projection.
Step-by-step explanation:
An entrepreneur is an individual who takes calculated risks to start and run a business. They possess the ability to identify opportunities and turn them into profitable ventures. Entrepreneurs are not afraid to take risks, as they understand that failure is a necessary part of success. They are confident in their abilities and have a strong vision for their business, which drives them forward even in the face of uncertainty.
A business plan is a roadmap for starting and running a business. It outlines the company's goals, strategies, and financial projections. The executive summary is a brief overview of the entire plan, highlighting the key points and benefits of the business. It should be concise, compelling, and easy to understand.
The financial projection section provides detailed information about the company's revenue, expenses, and profitability over a specific period of time. This section should be realistic, based on thorough market research and financial analysis. It should also include contingency plans for unexpected events or market changes.
In summary, an entrepreneur is someone who takes calculated risks and has a clear vision for their business. A business plan should have a compelling executive summary and a detailed financial projection that accurately reflects the company's financial position and future prospects.