Question

Which of the following is true of small business owners? A. The work business owners do requires little physical stamina. B. The business owner starts with a business plan. C. The business owner need to know little about management and finance. D. It's easy for most business owners to find a marketable idea.

Answer 1

B). The business owner starts a business with a business plan.

Answer 2

It is true that for small businesses, B. the business owner starts with a business plan.

A business owner needs a business plan in order to know how to go about starting their business and this is especially true for small businesses.

Business plans are also important because:

• they are used to seek funding from potential investors
• they allow a business to find out what potential problems they might face and the solutions to them
• they help set goals.

We can therefore conclude that a small business owner needs a business plan to start as this would aid them immensely in their venture.

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