If you go through the exercise of preparing a business plan, only to determine that you need twice the amount of money to start the business than you have, the US Small Business Administration and other expert organizations encourage you to go ahead with your plans because if you understand the market, you can use the revenues you accrue to make up the shortfall. True False

Question

Guest

Business

17 October, 02:54

If you go through the exercise of preparing a business plan, only to determine that you need twice the amount of money to start the business than you have, the US Small Business Administration and other expert organizations encourage you to go ahead with your plans because if you understand the market, you can use the revenues you accrue to make up the shortfall. True False

+1

Answers (1)

Know the Answer?

Ivan Goodwin · Answer 1

False

Explanation:

No organization will encourage you to make the investment in the described scenario, due to one of the main causes of failure of companies, mostly small, is the lack of capital to start your business. So creating a business plan is a good way to determine how much capital is required.