Maria is the owner of Pet Heaven, a new pet day care, grooming, and boarding business. Maria envisions her business expanding to five locations in her state within three years. To help her succeed, which of the following does Maria MOST need?
A) familiarity with state licensing requirements
B) a formal business plan
C) more customers
D) a business partner
E) an MBA
B
Explanation: B) A formal business plan states the goals of the business as well as the plan for reaching those goals. Neglecting to create a formal plan could doom Maria's desire to expand.
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Fill in the blank(s) with the appropriate word(s).
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