Roslyn wants to open a bike shop but needs capital to purchase inventory,hire staff,and cover overhead costs for about six months.What should Roslyn do to attract investors?

Question

Quizplus · Accepted Answer

Pitching the plan to a venture forum would be the best choice because it allows Roslyn to showcase her business idea to a group of potential investors who are specifically looking for new ventures to fund. This would increase her chances of finding an investor who is interested in her business and willing to provide the necessary capital. Mailing the plan to many banks or sending out fliers may not yield the desired results as banks may not be interested in funding a new business and fliers may not reach the right audience. Waiting for investors to find her is also not an effective strategy as it may take a long time for investors to learn about her business and express interest.

Roslyn Wants to Open a Bike Shop but Needs Capital