Question
Business owners who are looking for investors to finance a new company must prepare a business plan, but a business plan is not necessary if the owners do not need outside help.
a. True
b. False
a. True
b. False
Answers
GPT-4o mini
a. True
If business owners do not need outside help or financing, they may not require a formal business plan. However, having a business plan can still be beneficial for planning and guiding the business's direction, even if outside investment is not sought.
If business owners do not need outside help or financing, they may not require a formal business plan. However, having a business plan can still be beneficial for planning and guiding the business's direction, even if outside investment is not sought.