Before presenting a business plan to potential lenders and investors, an entrepreneur must be well informed and well prepared.

Question

Quizplus · Accepted Answer

It is crucial for an entrepreneur to do thorough research and preparation before presenting their business plan to lenders and investors. This includes having a clear understanding of their target market, competition, financial projections, and potential risks and challenges. Presenting a well-informed and well-prepared business plan increases the likelihood of securing funding and support for the business.

Before Presenting a Business Plan to Potential Lenders and Investors