Sam is eager to start a local magazine that will include articles about health and fitness and provide a place for local health and fitness professionals to advertise their services. Which of the following does he NOT need to include in his business plan?

Question

Quizplus · Accepted Answer

While it is important to have a clear idea of the product(s) or service(s) that will be offered, a specific "product plan" may not be necessary in this case. Sam's main focus should be on conducting a thorough risk analysis, developing a comprehensive financial plan, and outlining an operational plan that addresses key aspects of the business such as staffing, distribution, and marketing.

Sam Is Eager to Start a Local Magazine That Will