Sarah Parks is in the very early stages of putting together a business startup, and is thinking about writing a business plan to request funds to conduct a feasibility analysis and write a more complete business plan. What type of business plan should Sarah write at this point?

BUSINESS PLAN DEVELOPMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Full business plan
B	Full business plan
C	Summary business plan
D	Operational business plan
E	Strategic business plan

Explanation:

Detailed explanation-1: -Explanation: The summary business plan is also described as an executive summary. It is one of the sorts of business plans that are depicted in the form of short key points.

Detailed explanation-2: -Business plans help you run your business A good business plan guides you through each stage of starting and managing your business. You’ll use your business plan as a roadmap for how to structure, run, and grow your new business. It’s a way to think through the key elements of your business.

Detailed explanation-3: -The main purpose of writing a business plan is to test the viability of the business idea and set a path for the entrepreneur to follow. A business plan allows for bank loans and investors to gain insight into the business idea and determine the financial requirements.

Detailed explanation-4: -Determine what your plan is for. Does your business plan have more than one purpose? Prepare your finances. Write your summary last. Get help. Review your plan regularly. Protect your plan. 05-Aug-2021

There is 1 question to complete.

ENTREPRENEURSHIP

ENTREPRENEURIAL PLANNING

BUSINESS PLAN DEVELOPMENT