What should a potential owner do BEFORE writing a business plan?
A) determine whether personal goals and business goals are aligned
B) ensure that the key components of the plan will be addressed
C) determine the best location and pricing structure for the business
D) make sure there is enough information to prepare financial statements
E) decide which appendices to include in the final pages
A
Explanation: A) Before writing a business plan, potential owners should evaluate their personal goals and objectives. By doing so, potential owners can crystallize their focus and realize what their priorities are for the business.
You might also like to view...
Basic micropayment models include each of the following except
A) stored value. B) wholesale. C) subscriptions. D) direct payment.
All of the following are potential problems with 360-degree feedback EXCEPT:
a. getting enough sources of feedback. b. some systems can be abused or compromised if members make side-deals to rate one another favorably. c. team members may be unpopular for reasons other than performance. d. raters are guaranteed anonymity, and because they don't fear retaliation, they are overly critical in their evaluations.