The First Step an Entrepreneur Should Take When Buying an Existing

question 63

Multiple Choice

The first step an entrepreneur should take when buying an existing business is to ________.

• A)explore financing options
• B)prepare a list of potential candidates
• C)analyze his or her skills, abilities, and interests in an honest self-audit
• D)contact existing business owners in the area and ask if their companies are for sale

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Definitions:

Social Media Tools

Online platforms and technologies that facilitate the creation, sharing, or exchange of information, ideas, and other forms of expression among people.

End User Profile

A detailed description of the final consumer or user of a product or service, including demographics, preferences, and behaviors.

Biggest Fears

The most significant anxieties or phobias that individuals or groups face, often impacting decisions or behaviors.

Motivators

Internal or external factors that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject, or to make an effort to attain a goal.