ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT a true statement regarding risks?
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Identifying the possible risks your business faces will alarm lenders and investors and cause them to withhold funds.
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Potential investors and lenders want to know the risks your business faces and how you plan to deal with them.
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Lenders will appreciate the fact that you know the risks you face and have a plan for dealing with them
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Lenders know that every business faces risks
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Explanation:
Detailed explanation-1: -The appendix of a business plan is the place to include any additional documents that you want to use to give your reader a feel for your product, marketing, services and so on.
Detailed explanation-2: -Your business plan should never-under any circumstances-list any risks or potential problems your new business could face. Information about insurance and rental or lease agreements should be included in the operations section of your business plan.
Detailed explanation-3: -A brief explanation of why you are asking for a loan and what you plan to do with the money is called an executive summary.
There is 1 question to complete.