When dealing with weaknesses in a business plan the owner should
A) Use technical jargon to confuse reader
B) Ignore the weakness as this might not attract investors
C) Assume that investors will not find them
D) Be straightforward with them and have an action plan

Question

Quizplus · Accepted Answer

The best choice when dealing with weaknesses in a business plan is to be straightforward with them and have an action plan. This shows that the owner has carefully considered their weaknesses and has a plan to address them. Ignoring weaknesses or using technical jargon to confuse readers will not be effective, and assuming that investors will not find them is not a proactive approach to addressing weaknesses.

When Dealing with Weaknesses in a Business Plan the Owner