Which of these assumptions can an entrepreneur safely make when planning a start-up? Check all that apply.
Setting up a business in a large city will guarantee its success.
Customers exist for every product.
It is important to have a thorough knowledge of the product.
Thorough planning and sound strategy do not guarantee a business’s success.
Raising funds is necessary but may involve personal risk.
Planning a start-up is one of the most difficult things that a new entrepreneur does when the business is not properly structured. However, some assumptions have to be made in the beginning and these are: It is important to have a thorough knowledge of the product and Customers exist for every product.
