Peter Watson Is Thinking About Launching a Small Business Consulting

question 14

Multiple Choice

Peter Watson is thinking about launching a small business consulting company. To get advice on how to proceed, he stopped by his local Small Business Administration (SBA) office. The SBA advisor told Peter that one of the first things he needs to do is to sit down and write a 25 to 35 page narrative that describes what his new business plans to accomplish and how it plans to accomplish it. The SBA advisor is telling Peter to write a(n) ________.

• A) tactical plan
• B) marketing plan
• C) operations plan
• D) business plan
• E) feasibility analysis

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Definitions:

Distribute Minutes

The process of sharing the written record of a meeting, detailing the discussions, decisions, and actions, with all relevant parties.

Encourage Participation

The act of motivating or inspiring individuals to take part in an activity or contribute to a project.

Distribute Agenda

The process of sharing a list of items to be discussed or acted upon in a meeting, ensuring participants are prepared and informed.

Virtual Meetings

Online gatherings facilitated by digital platforms, allowing participants to communicate and collaborate from different locations via the internet.