Maria is the owner of Pet Heaven,a new pet day care,grooming and boarding business.Maria envisions her business expanding to five locations in her state within three years.To help her succeed,which of the following does Maria MOST need?

Question

Quizplus · Accepted Answer

A formal business plan is crucial when it comes to expanding a business, as it helps identify goals, strategies, and the resources needed to achieve success. It will also help Maria secure funding for her expansion plans. While familiarity with state licensing requirements is important, it is not the most crucial factor at this stage. More customers and a business partner may be helpful, but a solid business plan is the foundation that supports all other aspects of the business. An MBA may be useful, but it is not necessary for success, particularly given that Maria already has experience running a business.

Maria Is the Owner of Pet Heaven,a New Pet Day