In writing the business plan, an entrepreneur should remember that
A) interested investors will commit the time necessary to fully understand the proposed venture.
B) certain features will be appealing to investors, while others are distinctly unappealing.
C) investors are too busy to read through the business plans that come across their desk.
D) the quality of this plan has little bearing on the potential for success in the startup.

Question

Quizplus · Accepted Answer

It is important for an entrepreneur to keep in mind that certain features of their business plan will be appealing to investors, such as a strong management team, unique value proposition, and potential for high growth and profitability. On the other hand, certain features may be unappealing or raise red flags, such as lack of a clear market opportunity or competitive advantage, or unrealistic financial projections. A well-crafted business plan that addresses these key factors can greatly improve the chances of attracting investment.

In Writing the Business Plan, an Entrepreneur Should Remember That