Matt Plans to Open a Corner Store

Multiple Choice

Matt plans to open a corner store. The startup cost is approximately $10,000. Since Matt has only $2,500 with him, he decides to invite two of his friends-Brett and Brian-to join him in this venture. Who should write the business plan in this scenario?

A) Only Brett and Brian-since they are contributing 75 percent of the initial investment
B) Matt, Brett, and Brian-it should be a team effort
C) It depends on who has paid the biggest share of the startup cost.
D) Matt alone, since it was primarily his business plan