Chandra has been working at a dry cleaner for about a year. She notices that much of the store's revenue comes from alterations to women's clothing and is wondering if there is enough revenue there to develop a business based on that.
How could a specialist in business development help her determine if this will work?
A. By letting her gain experience is sewing.
B. By creating a marketing plan for a potential business.
C. By educating her about how similar businesses develop.
D. By helping her find some silent partners or angel investors.
C. By educating her about how similar businesses develop.
A specialist in business development can provide Chandra with market research on the demand for alterations services, competition analysis, and financial projections based on industry standards. They can also guide her on how to develop a business plan, set pricing strategies, and identify potential challenges and opportunities in the alterations business. Through this education and guidance, Chandra can make an informed decision on whether starting a business based on alterations services is viable and profitable.