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?
Which of the following would not be a good early step for Sharon in opening a bakery?
Answer:
When starting a bakery business, it’s crucial to proceed with the right steps to ensure success. Among the goals of Sharon for her bakery are setting her own hours, reducing stress, and making a profit. Considering these factors, one step that would not be a good early step for Sharon could be rushing into signing a long-term lease agreement for a commercial space.
Signing a long-term lease agreement without proper planning and preparation might not be a wise decision in the early stages of setting up a bakery. It is recommended that Sharon first conducts thorough market research to understand the demand for her bakery products, identifies her target market, creates a detailed business plan outlining her goals and strategies, calculates the initial costs and expenses involved, and considers various location options before committing to a long-term lease.
By taking the time to plan and strategize effectively in the initial stages, Sharon can make informed decisions that align with her goals of having flexible hours, managing stress, and ensuring profitability in her bakery business. This approach will help her mitigate risks and set a solid foundation for a successful bakery venture.