Question

quiz
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.

Explanation:

• Finding a storefront, putting down a deposit, and signing a lease immediately is not a good early step. Sharon still has a lot to think through, and making such a hasty decision about the property without fully planning other aspects (like target market, business model, etc.) could lead to problems.
• Contacting a mentor is a good step as they can provide valuable industry - specific advice.
• Creating an initial elevator pitch and asking for advice helps in getting feedback and refining the business idea.
• Estimating the target market is an essential early step for understanding the potential customer base and demand.

Answer:

Immediately finding a storefront property for her business, putting down a deposit, and signing a lease.