Which of the following is true about the preparation of a business plan?
A)The format should follow a "cookie-cutter" approach to ensure uniformity and consistency with others and to promote ease of understanding.
B)The elements of the plan may be standard,but the content should reflect the unique aspects of the business and the excitement of the entrepreneur.
C)The plan should cover every standard element in great detail and be at least 100 pages long to prove to potential lenders and investors that the entrepreneur has studied the business and the market opportunity.
D)Entrepreneur should avoid seeking the advice of professionals,such as accountants,business professors,and attorneys.

Question

Quizplus · Accepted Answer

While there may be certain standard elements that should be included in a business plan, it should also reflect the unique characteristics of the business and the excitement of the entrepreneur. It should not be a cookie-cutter approach. The length of the plan may vary, but it should be concise and to the point. Seeking advice from professionals is also recommended.

Which of the Following Is True About the Preparation of a Business