Sarah Parks is in the very early stages of putting together a business startup, and is thinking about writing a business plan to request funds to conduct a feasibility analysis and write a more complete business plan. What type of business plan should Sarah write at this point?

Question

Quizplus · Accepted Answer

Sarah should write a summary business plan at this point, as she is in the very early stages of her startup and is only seeking funds to conduct a feasibility analysis and write a more complete business plan. A summary business plan provides an overview of the business concept, market analysis, marketing and sales strategies, financial projections, and management team to potential investors or lenders. It is a condensed version of a full business plan and can assist in securing funding for further development.

Sarah Parks Is in the Very Early Stages of Putting