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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 like a bakery, immediately finding a storefront, putting down a deposit, and signing a lease is not a good early step. There are many other aspects to consider first such as market research, business planning, etc. Contacting a mentor, creating an elevator pitch (even with limited info to get feedback), and estimating the target market are more reasonable early - stage actions.
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Immediately finding a storefront property for her business, putting down a deposit, and signing a lease.