For new entrepreneurs,which of the following would be a good reason to undertake a part-time business first before a full-time one?
A) To buy an existing business
B) To gain basic experience
C) To open a franchise
D) To increase competition in a specific industry

Question

Quizplus · Accepted Answer

Undertaking a part-time business before a full-time one allows entrepreneurs to gain basic experience and knowledge about running a business, without taking on too much financial risk. This experience can help them make better decisions and avoid common mistakes when they eventually launch their full-time venture. Buying an existing business, opening a franchise, and increasing competition are all valid options, but they do not necessarily require starting with a part-time business first.

For New Entrepreneurs,which of the Following Would Be a Good