The probability of success of an entrepreneurial venture depends less on a well-crafted business plan than on all except which of the following?

Question

Quizplus · Accepted Answer

While money is important for starting a business, it is not the most critical factor for its success. Many successful businesses have started with minimal funds and have been able to scale up through other means such as strategic partnerships, marketing efforts, and reinvestment of profits. Therefore, the probability of success depends less on the amount of money available at inception.

The Probability of Success of an Entrepreneurial Venture Depends Less