What is an initial business plan?
A)An outline or detailed description of how you expect to establish and grow your firm over the next one to five years
B)An outline or detailed description of how you expect to establish and grow your firm over the next year
C)An outline or detailed description of how you expect to establish and grow and eventually sell your firm
D)An outline or detailed description of how you intend to raise the capital required to start a firm
E)None of the above

Question

Quizplus · Accepted Answer

An initial business plan typically outlines or provides a detailed description of how an entrepreneur expects to establish and grow their firm over a period, often ranging from one to five years. It serves as a roadmap for the business's development and operational strategies.

What Is an Initial Business Plan