The first step an entrepreneur should take when acquiring an existing business is to:
A) explore financing options.
B) prepare a list of potential candidates.
C) analyze his/her skills,abilities,and interests in an honest self-audit.
D) contact existing business owners in the area and ask if their companies are for sale.
Correct Answer:
Verified
Q2: When buying an existing business,one should remember
Q3: Once an entrepreneur has evaluated him/herself,the next
Q4: When conducting a self-evaluation,it is important to
Q5: Perhaps the ideal source of financing the
Q6: Which of the following is a way
Q7: The inventory in an existing business:
A)is always
Q8: In evaluating an existing business,entrepreneurs should seek
Q9: Which of the following statements concerning the
Q10: One advantage of buying an existing business
Q11: If the firm owns any trademarks,patents,or copyrights,or
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents