Peppy is confident that Peppy's Pizzazzeria will be a success, but only if he has enough money to do things right. Since Peppy has very little personal wealth, he knows he must obtain financial assistance. In order prepare for meetings with bankers and potential investors, Peppy should: a. hire a public relations firm to develop promotional materials. b. develop a business plan. c. read a book on entrepreneurship. d. create a partnership contract.

Question

Ashanti Combs

Business

27 December, 17:03

Peppy is confident that Peppy's Pizzazzeria will be a success, but only if he has enough money to do things right. Since Peppy has very little personal wealth, he knows he must obtain financial assistance. In order prepare for meetings with bankers and potential investors, Peppy should: a. hire a public relations firm to develop promotional materials. b. develop a business plan. c. read a book on entrepreneurship. d. create a partnership contract.

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Answers (1)

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Ryland Graham · Answer 1

The correct answer is letter "B": develop a business plan.

Explanation:

Entrepreneurs with low funding must develop a clear and attractive business plan to call investors' attention. The business plan outlines the strategy the business has to achieve its ultimate goal, profit. It establishes in detail what steps are going to be taken to do that, who their target customers will be, the mission and vision of the organization, and what the company's opportunities and strengths are before staring business.