Sharon is thinking about opening a bakery. She knows she wants to set her own hours, reduce her stress and make a profit. But she still has a lot to think through. Which of the following would NOT be a good early step?

Answers

Answer 1

The following which would not be a good step is Immediately finding a storefront property for her business, putting down a deposit, and signing a lease. The correct option is option A.

The reason

A. This would not be a good early step for Sharon. Opening a bakery requires a lot of careful planning and research before committing to a physical location. Signing a lease and putting down a deposit on a storefront should be one of the later steps, not the first.

B. Contacting a mentor who has experience in the restaurant industry would be a good early step. Seeking advice from someone with relevant experience can provide valuable insights and guidance as Sharon is starting to plan her bakery.

C. Creating an initial elevator pitch and starting to ask around for advice is also a good early step. This allows Sharon to refine her business idea and get feedback from potential customers or other entrepreneurs.

D. Beginning to estimate her target market for the business is another good early step. Understanding the potential customer base and their needs is crucial for developing a successful business plan.

NB: Complete Question

Sharon is thinking about opening a bakery. She knows she wants to set her own hours, reduce her stress and make a profit. But she still has a lot to think through. Which of the following would NOT be a good early step?

A.Immediately finding a storefront property for her business, putting down a deposit, and signing a lease.

B.Contacting a mentor who has experience in the restaurant industry.

C.Creating an initial elevator pitch with her limited information and starting to ask around for advice.

D.Beginning to estimate her target market for her business.

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