You and a friend want to open new pet grooming and pet services shop. Once established, you intend to open a second store in a larger town 20 miles away. If store number two is a success, you plan to start franchising your company.
-Besides calculating the amount of funds that your business needs for a specified period of time,your financial plan should include a(n)_____.
A)business plan
B)detailed strategy for getting needed funds
C)marketing plan
D)employee-payment schedule

Question

Quizplus · Accepted Answer

A detailed strategy for getting needed funds is essential for a financial plan, especially when considering expansion and franchising. This strategy outlines how the business will secure the necessary capital to grow and sustain operations.

You and a Friend Want to Open New Pet Grooming