To determine whether a business opportunity is realistic, the entrepreneur must:
Understand the Problem
The question is asking what steps an entrepreneur must take to assess the realism of a business opportunity, implying a focus on critical business evaluations.
Answer
Determine how much capital is required to launch the business.
The final answer is determine how much capital is required to launch the business.
Answer for screen readers
The final answer is determine how much capital is required to launch the business.
More Information
Assessing capital needs is crucial for understanding the feasibility of a business opportunity.
Tips
A common mistake is overlooking hidden costs that can inflate capital requirements.
Sources
- Micro-Enterprise Study Guide Flash Cards - Quizlet - quizlet.com
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