Entrepreneurs might use an initial investment to reach a milestone,or a set target that they need to achieve for investors to consider additional financing. Which of the following is an example of a milestone?
A) The development of a prototype for the product.
B) Obtaining customer feedback through a survey or focus group.
C) Organizing the relevant venture team.
D) Hiring employees.
E) Any of the above.

Question

Quizplus · Accepted Answer

Milestones for entrepreneurs often include tangible achievements that demonstrate progress and potential for success, such as developing a prototype, obtaining customer feedback, organizing a venture team, and hiring key employees. These milestones show investors that the business is moving forward and is a viable candidate for additional financing.

Entrepreneurs Might Use an Initial Investment to Reach a Milestone,or