Deviating significantly from the standard business plan format is a mistake because:
A)the business plan is not the right place to express one's creativity.
B)investors prefer to see a format that is familiar to them.
C)investors may lose confidence in the entrepreneur's ability to follow best practices.
D)investors don't appreciate opportunities that are too far "outside the box".

Question

Quizplus · Accepted Answer

Investors are more likely to have confidence in an entrepreneur who follows a familiar format as it demonstrates an understanding of best practices and a willingness to conform to industry standards. Deviating significantly from the standard business plan format may create confusion and show a lack of understanding of what investors expect to see in a professional business plan.

Deviating Significantly from the Standard Business Plan Format Is a Mistake