Which of the following statements is MOST correct about the writing of business plans?
A) Smart entrepreneurs always write business plans before they start businesses.
B) Smart entrepreneurs tend to write business plans one month after staring businesses.
C) Smart entrepreneurs do not write business plans.
D) Smart entrepreneurs write business plans at different times.
E) Smart entrepreneurs don't need business plans.

Question

Quizplus · Accepted Answer

Smart entrepreneurs know that the timing of writing a business plan can differ based on the nature of the business, the stage of the business, and the entrepreneur's goals. While some entrepreneurs may write a business plan before starting their business, others may write it after they have already started or even after they have been in business for a period of time. Therefore, option D is the most correct statement as it acknowledges the variety of approaches that smart entrepreneurs can take when writing a business plan.

Which of the Following Statements Is MOST Correct About the Writing