When dealing with weaknesses in a business plan, the entrepreneur 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

It is best for the entrepreneur to be straightforward about the weaknesses in the business plan and have an action plan in place to address them. Ignoring weaknesses or trying to confuse readers with technical jargon may harm the credibility of the entrepreneur and the plan. Assuming that investors will not find the weaknesses is not a proactive approach and may have negative consequences in the long run.

When Dealing with Weaknesses in a Business Plan, the Entrepreneur