Question

Betty Brown is currently developing a mission statement for her boutique. In what stage of growth is Betty's business?

Answer 1

If Betty Brown is currently developing a mission statement for her boutique, then she is still in the first stage of business plan or business development which is the Idea stage. In this stage you are to develop a series of plan you have for your business, on what business you wanted to enter to, and also you need to state your purpose of the business to have something to remindd ourselves.