Terry is opening a car detailing company in his hometown. He has approached an organization that assists small- business owners in setting up their companies. As a new business owner, the small business counselors would probably advise Terry to ______.Try new thing regardless of the riskWrite a business planLearn from experience, the best teacher, rather than a mentorGet a new perspective by asking people who have failedAvoid developing a business plan the first year of business.

Terry is opening a car detailing company in his hometown. He has approached an organization that…

Answered: Terry is opening a car detailing…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Terry is opening a car detailing company in his hometown. He has approached an organization that assists small- business owners in setting up their companies. As a new business owner, the small business counselors would probably advise Terry to ______.

Try new thing regardless of the risk
Write a business plan
Learn from experience, the best teacher, rather than a mentor
Get a new perspective by asking people who have failed
Avoid developing a business plan the first year of business.

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