What is the first step to take after selecting a new business venture?
A)Begin purchasing inventory.
B)Look at real estate properties to locate the office.
C)Hire employees to divide the workload.
D)Write a business plan.

Question

Quizplus · Accepted Answer

The first step after selecting a new business venture should be to write a business plan. This will help to clarify the goals, strategies, and potential risks and rewards of the new venture. Only after developing a solid business plan will it be appropriate to consider tasks like purchasing inventory, securing office space, and hiring employees.

What Is the First Step to Take After Selecting a New