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Sharon is thinking about opening a bakery. She knows she wants to set her own hours, reduce her stress and make a profit. But she still has a lot to think through. Which of the following would NOT be a good early step? A.Immediatly finding a storefront property for her business, putting down a deposit, signing a lease. B. contatcting a mentor who has expirience in the resutarant industry. C. Creatinhg a inital elevetor pitch with her limited information and starting to ask around for advice. D. beginning to estimateher target market for her business.
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A. Immediately finding a storefront and signing a lease would NOT be a good early step.
Locking into a lease before you’ve done market research, estimated costs/revenues, created a business plan, and validated demand is risky. The other options (finding a mentor, drafting an elevator pitch to get feedback, and estimating your target market) are sensible early steps.
Locking into a lease before you’ve done market research, estimated costs/revenues, created a business plan, and validated demand is risky. The other options (finding a mentor, drafting an elevator pitch to get feedback, and estimating your target market) are sensible early steps.
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