Business, 18.03.2020 04:19 flowerrbabie

Leo is starting a company that leases shared workspaces, and he has approached SCORE, an SBA organization that assists small-business owners in setting up their companies. The SCORE counselors would probably advise Leo, as a new business owner, to .

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Answer from: freeman36

The answer options to this question would be the following:

A) learn from experience, the best teacher, rather than a mentor.

B) avoid developing a business plan the first year of business.

C) get a new perspective by asking people who have failed.

D) try new things regardless of the risk.

E) write a business plan.

The correct answer is: E) write a business plan.

Explanation:

The business plan is a document that allows the entrepreneur to analyze the current situation of the market, sector and environment. The business plan collects such information and allows the entrepreneur to present his business to investors, accelerators, etc .; and explain how its startup and next steps.

The fundamental objective of writing a business plan is to serve as a road map for the present and a vision of the future. In addition, it can serve to attract investors to your business.

The steps that every business plan document should include for entrepreneurs to work in the same direction are the following:

1. Executive Summary

2. Product Description

3. Market and competition analysis

4. Business model

5. Description of the team and corporate issues

6. Status of business development

7. Marketing strategies

8. Contingency plan

Answer from: Quest

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Answer from: Quest

The atomic nucleus is the small, dense region consisting of protons and neutrons at the center of an atom, discovered in 1911 by ernest rutherford based on the 1909 gold foil experiment.

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Leo is starting a company that leases shared workspaces, and he has approached SCORE, an SBA organiz...