What is a main reason for a start-up company to create a business plan? A. Get funding from an investor or lender. B. Create an executive summary. C. Determine if the business solves a problem. D. Determine the management of the company.

Question

What is a main reason for a start-up company to create a business plan? A. Get funding from an investor or lender. B. Create an executive summary. C. Determine if the business solves a problem. D. Determine the management of the company.

Answer 1

The main reason for a start-up company to create a business plan is to get funding from an investor or lender. A business plan outlines the company's goals, strategies, target market, and financial projections, providing potential investors or lenders with a clear understanding of the business's potential and helping them make informed decisions about investing or lending money. While creating an executive summary, determining if the business solves a problem, and determining the management of the company are important aspects of a business plan, they are not the main reason for creating one.

Problemas

What is a main reason for a start-up company to create a business plan? A. Get funding from an investor or lender. B. Create an executive summary. C. Determine if the business solves a problem. D. Determine the management of the company.

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