Deviating significantly from the standard business plan format is a mistake because:
A)the business plan is not the right place to express one's creativity.
B)investors prefer to see a format that is familiar to them.
C)investors may lose confidence in the entrepreneur's ability to follow best practices.
D)investors do not appreciate opportunities that are too far "outside the box".

Question

Quizplus · Accepted Answer

Investors prefer to see a format that is familiar to them as it helps them quickly navigate and evaluate the information presented in the business plan. Deviating significantly from the standard business plan format may make it difficult for investors to find the information they need and may cause them to lose confidence in the entrepreneur's ability to follow best practices. However, this doesn't mean that the business plan cannot be creative, but creativity should be expressed within the standard format to ensure that it is easily understandable and recognizable by potential investors.

Deviating Significantly from the Standard Business Plan Format Is a Mistake