108k views
5 votes
Select the correct answer from each drop-down menu.

Which action should Angela take before starting her business?
Angela plans to start a small business. She needs to invest some money for her company's start-up capital. She has asked her friends for
advice. Her friends have suggested that she should create a website for the business
before
Reset
Next

1 Answer

5 votes

Final answer:

Angela should conduct market research and create a comprehensive business plan before investing in start-up capital for her business. Developing a website is important but should be part of a larger strategy.

Step-by-step explanation:

Before starting her business, Angela should take several important steps to ensure a strong foundation for her company's success. One key recommendation before investing in start-up capital is to conduct a thorough market research to understand the industry, competition, and target audience. This step is crucial in shaping her business plan, which will guide her actions and help secure funding. Additionally, Angela should consider developing a solid business plan outlining her mission, target market, financial projections, marketing strategies, and operational plans. While creating a website for the business is advisable, it should be part of a broader strategy that includes these foundational actions.

User Bkdir
by
3.6k points