Which of these assumptions can an entrepreneur safely make when planning a start-up? Check all that apply.

Setting up a business in a large city will guarantee its success.

Customers exist for every product.

It is important to have a thorough knowledge of the product.

Thorough planning and sound strategy do not guarantee a business's success.

Raising funds is necessary but may involve personal risk.

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Business

25 January, 02:38

Which of these assumptions can an entrepreneur safely make when planning a start-up? Check all that apply.

Setting up a business in a large city will guarantee its success.

Customers exist for every product.

It is important to have a thorough knowledge of the product.

Thorough planning and sound strategy do not guarantee a business's success.

Raising funds is necessary but may involve personal risk.

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Answers (1)

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Gianni Griffin · Answer 1

Planning a start-up is one of the most difficult things that a new entrepreneur does when the business is not properly structured. However, some assumptions have to be made in the beginning and these are: It is important to have a thorough knowledge of the product and Customers exist for every product.