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Question
sharon is thinking about opening a bakery. she knows she wants to set her own hours, reduce her stress and make a profit. but she still has a lot to think through. which of the following would not be a good early step? immediately finding a storefront property for her business, putting down a deposit, and signing a lease. contacting a mentor who has experience in the restaurant industry. creating an initial elevator pitch with her limited information and starting to ask around for advice. beginning to estimate her target market for her business.
When starting a business, especially with limited information like Sharon has, immediately committing to a storefront (finding property, deposit, lease) is risky. She should first gather more info (like from a mentor, estimate target market, work on elevator pitch) rather than make a long - term financial commitment.
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Immediately finding a storefront property for her business, putting down a deposit, and signing a lease.