When dealing with weaknesses in a business plan, the entrepreneur should
A) use technical jargon to confuse readers.
B) ignore them because they might not attract investors.
C) assume that investors will not find them.
D) be straightforward with them and have an action plan.

Question

Quizplus · Accepted Answer

Being straightforward about weaknesses and having an action plan to address them is the most effective way for entrepreneurs to show investors that they have carefully thought through their business plan and are prepared for potential challenges. Ignoring weaknesses or using technical jargon can damage the entrepreneur's credibility and make it less likely for investors to invest in their business.

When Dealing with Weaknesses in a Business Plan, the Entrepreneur