Jason wants to start a t-shirt printing business, but he needs initial

QUESTION

Jason wants to start a t-shirt printing business, but he needs initial capital. He attends networking functions for bankers and investors and chats up his idea, but he gets no takers.

What would be the best strategy for Jason to get funding for his business concept?
A) meet with a mentor
B) develop a business plan
C) work part time in a screenprinting shop
D) join a trade association
E) get trained in new printing technology

 

ANSWER

Answer: B
Explanation: B) Creating a business plan provides potential funders with the details they need to make an informed decision about whether a business idea is a good investment.

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