When someone has a brilliant idea for a new business, what is the firs

QUESTION

When someone has a brilliant idea for a new business, what is the first thing he or she should do to get started on the right track?

A) ask friends their opinion of the idea
B) write a business plan
C) create a logo and website
D) learn about the industry
E) identify potential funders

ANSWER

Answer: D
Explanation: D) Rather than jump right out of the gate, developing a deeper understanding of the proposed business through research, training, and work experience can answer a lot of initial questions and set the stage for the next steps, such as a business plan.