Which of the following entrepreneurs would MOST likely start their business as quickly as possible, spending little time on a business plan?
A) Madison is starting a business to provide makeshift shelters to natural disaster victims.
B) Stacia is starting a housecleaning business for working couples with children.
C) Danisha is starting a personal coaching business for senior high school girls wanting to be computer software developers.
D) Luke is starting a café business that will operate from 11pm to 3am Monday through Thursday.
E) Domenica is starting an interior design firm specializing in restaurant interiors.
A
Explanation: A) In industries that change very quickly, the business opportunity could be lost if operations are not started immediately. In this instance, taking weeks to write a plan may not be feasible. Businesses such as housecleaning, personal coaching, and cafés are consistently stable. Natural disaster victims need shelter quickly so Madison would need to write a business plan rapidly, if she was to write one at all.
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