Tuan is eager to get his green toy manufacturing business started. But

QUESTION

Tuan is eager to get his green toy manufacturing business started. But he is a very deliberate person and wants to be sure his strategy is sound. What is Tuan’s best option to accomplish this before going forward?

A) join a toy manufacturing trade association
B) map out his business model
C) meet with a SCORE member
D) prepare a business plan
E) meet regularly with a mentor

ANSWER

Answer: D
Explanation: D) All of the options will be beneficial, but the level of detail and thinking reflected in a business plan will help Tuan thoroughly assess and refine his business strategy.