Entrepreneurship - Chapter 3 - 3.3

To convince readers that you have come up with a practical business idea, you must include information and data from objective sources.

• True

• False

The Small Business Administration (SBA) has at least one office in every U.S. state.

• True

• False

SCORE is cosponsored by the SBA.

• True

• False

Entrepreneurs can hire experts from trade associations to help them prepare business plans.

• True

• False

A local chamber of commerce can provide information on trends affecting local businesses, local resources, and zoning and licensing information.

• True

• False

The Internet is not a trusted source of information on how to develop a business plan.

• True

• False

An undefined target market can ruin a business plan.

• True

• False

Never reveal your competitors’ strengths in your business plan -- focus only on what they have done wrong.

• True

• False

The only person who should read a business plan is the owner and potential investors.

• True

• False