I need help answering a few questions from my small business class What are the two types of business plan? In what situation(s) would you use each type of plan?Why is the executive summary an important section of the business plan? How might an entrepreneur’s perspective differ from an investor’s in terms of the business plan? Describe the major sections to be included in a business plan.If the income statement of a financial plan shows that the business will be profitable, why is there a need for a statement of cash flows?What are some common mistakes that entrepreneurs make in writing a business plan.Investors are said to be more market-oriented than product-oriented. What does this mean? What is a business model, and why is it important?
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