"Miguel, I believe that you will succeed," said Pablo, his mentor. "When an entrepreneur is contemplating a new business, the very first step is to have ________. You are on the right track."

Question

Quizplus · Accepted Answer

The sentence mentions that an entrepreneur contemplating a new business should have "it" (presumably referring to the first step) and the options provided correspond to that. Out of the choices, a "great idea" would be the most appropriate first step for a new business as it forms the foundation for the rest of the business plan.

"Miguel, I Believe That You Will Succeed," Said Pablo, His